Thursday, January 24, 2013

Endurance Real Estate Sell Arcadia Facility

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.

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