Tuesday, January 29, 2019

Boston Private Equity Company Pays $22.5M for Elizabethtown, PA Warehouse

High Street Realty Co., a private equity real estate investment management company headquartered in Boston, purchased a 320,000-square-foot warehouse at Conewago Industrial Park in Elizabethtown, Pennsylvania, from Conewago Contractors for $22.5 million, or about $70 per square foot.

The single-story structure at 35 Conewago Road comprises 12 loading docks, one drive-in bay, 60- by 54-foot column spacing and a 32-foot clear ceiling height. Built in 2018, the Class A facility spans 28.2 acres less than 12 miles from Harrisburg International Airport.

Since its inception, High Street has invested more than $700 million of equity and acquired over $1.6 billion of industrial properties in 18 major metropolitan markets, according to its website.

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