Wednesday, May 11, 2016

M&Q Packaging Corp Facility in Schuylkill Haven Sells

by Steve Lubetkin,
85,113 square-foot industrial facility located at 3 Earl Street in Schuylkill Haven, PA was sold. The building is currently fully leased by M&Q Packaging Corporation on a long-term basis and features office, production and warehouse areas.

Buyer, seller, and terms were not disclosed.

The property was marketed by targeting the most active industrial property investors throughout the region. Within the first 10 days, several offers were submitted and the transaction was completed within 45 days.

“Our team continues to experience a strong influx of new capital into the Greater Philadelphia region for industrial property acquisitions including core stabilized offerings, value-add and repositioning opportunities and new construction. With long term financing rates remaining relatively low and development sites extremely limited, we expect this trend to continue throughout 2016.”

The facility, which was constructed in phases between 1969 and 2003, is located approximately 12 to 13 miles from both interstates 78 and 81.

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