Tuesday, August 8, 2017

Cabot Properties Acquires Five Buildings in Lehigh County

High Street Realty Company LLC sold a five-building industrial portfolio in Allentown and Fogelsville, PA for $21.3 million, or about $79 per square foot, to Cabot Properties, Inc.

Totaling 271,045 square feet of industrial space, the portfolio includes 964, 966 and 999 Postal Rd in Allentown and 7331 and 7350 William Ave. in Fogelsville. Collectively, the properties are 92 percent occupied at the time of sale to multiple tenants including W.B. Mason and Air Products & Chemicals, Inc.

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