Developer Woodmont Industrial Partners and investment management company AEW Capital Management purchased the industrial building at 9747 Commerce Cir. in New Smithville, PA from Endurance Real Estate Group LLC for $21.3 million, or about $55 per square foot.
The 384,695-square-foot building was constructed in 2007 in the Arcadia West Industrial Park on a 25.6-acre parcel. The asset was fully leased at the time of sale.
www.omegare.com
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