The building was completed in 2000 and is located on 47 acres at 201 Fulling Mill Road. It has a 30-foot clear ceiling height, 60 loading docks, and 250 trailer parks. It also has an ESFR sprinkler system and can be expanded by an additional 150,000 sf.

This is Keystone's sixth transaction in Pennsylvania within the past four months. Together, the six acquisitions exceed 3.6 million sf of big-box distribution space and represent $125 million of invested capital with an average initial yield in excess of 10%, according to John B. Begier, Keystone's EVP and chief investment officer.

All but one of the acquisitions is in the greater Harrisburg region. All are 100% leased, and the average lease term is in excess of three years, Begier reports. In all, he says, "this latest acquisition brings the company's ownership of quality distribution centers (in this state) to over 9 million sf, the largest institutionally owned portfolio in Central Pennsylvania.