News
Philadelphia Affordable Housing

WHERE? HOUSE

Industrial Income Trust has gone out to central PA for its latest industrial buy. And the Cushman & Wakefield boys (and girl) followed. IIT purchased 1627 Ritner Hwy, a 201k SF warehouse leased to Andersen Logistics from an undisclosed family trust for $8.1M. C&W'sGerry Blinebury, Pat McBride (who recently joined C&W), and Leah Balerno brokered the sale. Gerry tells us the property is off the hot “exit 44” area along I-81 in Carlisle, the heart of Central PA's industrial market. “This property makes a nice regional foundationfor Industrial Income Trust, which is relatively new to this market but looking to grow its presence here,” he says.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom