Friday, November 13, 2015

Circle Industrial Buys Amazon Bldg for $91M

Circle Industrial acquired the Amazon distribution building at 560 Merrimac Ave. in Middletown, DE from Duke Realty LP for $91 million, or about $90 per square foot. 

Duke developed the 1.02 million-square-foot building in 2013 as a build-to-suit for Amazon, which occupies the entire property on a triple-net lease. The property features 120 loading docks and two drive-ins, and is located on 73.9 acres in teh NEw Castle County Industrial submarket of Philadelphia.

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