WAY TO GO WAREHOUSING

Now, that's the way you buy a warehouse! Endurance Real Estate Group just purchased 301-305 Oak St, a 289k SF distribution center in Pittston for $4.36M (or $15/SF). And while vacant when Endurance put it under contract, the firm quickly filled the entire facility with logistical firm RC Moore Inc—before the firm even closed on the property. CBRE's Michael Hines, Brad Ruppel, and Bill Wolf brokered the transaction. (They could make a few extra bucks by putting a nice soccer stadium on the roof.)

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

What's At Stake For CRE In Tuesday's U.S. Midterm

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

South Jersey Affordable Housing Developers Blame State 'Overregulation' For Constricted Supply

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals