Tuesday, June 8, 2021

TA Realty Picks Up Berks County Distribution Facility for $22.3 Million

 By Tyrone Leake CoStar Research

TA Realty has purchased a recently built distribution facility in Berks County, Pennsylvania, for $22.3 million.

The Boston-based real estate investment manager acquired the 149,632-square-foot building from a joint venture between The Keith Corp. and Kiel Group. The deal works out to about $149 per square foot.

Built in 2020, the distribution facility is located about 2 miles south of Interstate 78 and along Route 61 at 336 Logistics Drive in Shoemakersville. The building is situated on about 14 acres within Hamburg Commerce Park, a master-planned industrial development.

The facility is fully leased by S Walter Packaging and LTL Home Products. The building's features include a 32-foot clear height, LED Lighting, 24 overhead doors that are expandable to 33, two drive-in doors, ESFR sprinklers and ample parking.


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