McBride, along with SVP Steve Bonge and VP Tim Brogan of Grubb represented the owner, Boston-based High Street Equities in the negotiations. Jason Grace of Lemoyne-based Landmark Commercial Realty represented MWI. The 100,000-sf distribution facility was completed in 1992 and is 100% leased.

"This is a very healthy market," McBride says of the central Pennsylvania industrial sector. "In order to make way for this expansion, we had to negotiate termination of a lease by another tenant," he tells GlobeSt.com. He says this industrial market encompasses about 65 million sf, "and vacancy is at less than 2%." As the vacancy rate has dropped, rental rates have risen.

"The average rent for small-space tenants is now between $4.50 per sf and $4.60 per sf, compared with about $4.25 per sf a year ago," McBride says. "For big-box tenants that require about 150,000 sf or more, the average is now about $4.25 per sf, versus $4 per sf a year ago." The Grayson Road facility is one of MWI's eight regional distribution centers nationwide.