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Sears Logistics Renews 507,000-SF Lease

MIDDLETOWN, PA-The business unit that provides home delivery from Sears stores reups to continue operating from the entire ProLogis facility at 2040 N. Union St.

By Marita Thomas | Updated on May 16, 2007

(Read more on the industrial market.)

MIDDLETOWN, PA-Sears Logistics Services Inc. has renewed its lease for all of the 507,000-sf warehouse/distribution facility at 2040 N. Union St. Denver-based ProLogis acquired the building in late 2004 when it acquired Keystone Property Trust, which was then headquartered in West Conshohocken.

Keystone paid $20 million for the building in January 2003. It was completed in 1998, according to John Van Buskirk, a partner in the Harrisburg-based Industrial Properties Group at NAI/CIR. Van Buskirk and Jack Shepley, a partner in the same office, represented the tenant in the negotiations.

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