Monday, March 5, 2012

Pittston Distribution Ctr #1 Changes Hands for $4.4M

"Prologis LP sold the Pittston Distribution Center #1 to Endurance Real Estate Group LLC for $4.36 million, or about $15 per square foot.

Located at 301-305 Oak Street in Pittston, PA, the 289,242-square-foot industrial facility sits on more than 17 acres. The property was constructed in 1991 with renovation completed in 1996.

The property was put under contract vacant; however, during due diligence, a new tenant signed a deal to occupy the entire facility. R.C. Moore, Inc. has taken occupancy of the entire facility in the middle of February."

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