Thursday, September 15, 2016

Chicago Investor Buys Pennslyvania Lottery Bldg

Boyd Middletown DGS LLC, a Chicago-based real estate investment firm, acquired the Pennslvania Lottery building at 1200 Fulling Mill Rd. in Middletown, PA for $14.9 million, or about $110 per square foot, from Platinum & Partners III.

The single-story, 136,000-square-foot flex building delivered in 2007 on 12.5 acres in Dauphin County and features 95,995 square feet of built-out office space. The PA Lottery leases the entire building under a master term through 2022, with Scientific Games occupying space on a sublet deal.

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