Friday, November 15, 2013

Caterpillar Pays $24.5M to Stay on Memory Lane

Construction and mining equipment manufacturer Caterpillar, Inc. has purchased its industrial building at 600 Memory Ln. in York, PA from Rubenstein Properties in an all-cash deal for $24.51 million, or roughly $23 per square foot, according to public records. 

The 1.05 million-square-foot, single-story distribution facility, known as the Caterpillar-York Distribution Center, was built in 1952 on 64.2 acres in York County. Caterpillar has occupied the entire building since it was constructed.

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