(Read more on the industrial market.)
FOLCROFT, PA-CSG Partners, an affiliate of the White Marsh, MD-based Creaney and Smith Group, has acquired the 125,952-sf food processing and distribution facility at 519 Kaiser Dr. from Omaha, NE-based food processor, ConAgra Corp. The building is located on approximately 10 acres in the Folcroft East-West Business Park.
CSG has obtained a nearly $10.8-million acquisition and construction loan to finance the buy, renovate the recently vacated existing building and construct an adjacent 44,300-sf second building. The lender is Chicago-based Wrightwood Capital, and Crae Ramsey, senior director of investments in Wrightwood's Washington DC office, handled the transaction, which was sourced through Martin Kamm and Jim Gladden in the DC office of Jones Lang LaSalle.
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