Wednesday, September 27, 2017

Hartz Mountain Industries purchased of 35 Dauphin Drive in Mechanicsburg, PA

Hartz Mountain Industries purchased of 35 Dauphin Drive in Mechanicsburg, PA, for $24.8 million. Hartz Mountain’s purchase of 35 Dauphin Drive is the latest in the company’s current investment strategy of acquiring high quality, stable industrial assets in first tier markets across the United States. Currently 100-percent occupied, 35 Dauphin Drive is situated along US Route 11 (Carlisle Pike) in the Central Pennsylvania, which is characterized by its exceptional highway infrastructure, within a one-day truck drive to approximately 40 percent of the U.S. population and six of the top 10 US MSAs.

Separately, Sterling Place—a three-building, 350,000 square foot, class A, trophy office complex located at 200, 300 and 400 Sterling Parkway in Mechanicsburg, PA hits the market for lease. Sterling Place is owned by Harrisburg, Pennsylvania based developer Hoffer Properties. The property was developed in 2016 and is located in proximity to Interstate 81, the capital beltway, and amenities rich Carlisle Pike. The three buildings total 350,000 square feet of total new construction, with 400 Sterling Parkway offering a build-to-suit opportunity.  Notable tenants include Deloitte Consulting and Church Mutual Insurance Company.

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