YORK, PA–Cushman & Wakefield has completed the sale of 3380 Susquehanna Trail North, a 113,000-square-foot warehouse/distribution facility in York. The firm's Harrisburg, PA-based team of Pat McBride, Gerry Blinebury and Adam Campbell, along with Leah Balerno and Marie Connell in Philadelphia represented seller Hager Pacific Properties of Newport Beach, Cal. Buyer Americana Development was represented by Jack Shepley of NAI CIR.
Americana Development is a part of the Kenda group Companies, and the latter will utilize the location for the distribution of tires following this user acquisition.
“They approached our team and inquired about the availability of this facility, which was leased at the time, and we are pleased to have been able to complete this transaction,” says McBride. “Kenda Tires relocated from a leased facility in the York area.”
Constructed in 1990 and situated on 10.6 acres, 3380 Susquehanna Trail North had been acquired by Hager Pacific in 2007 and subsequently upgraded. It is located near Exit 24 of I-83, and features 21-foot clear ceilings and nine dock-high loading doors.
“The York County submarket for industrial continues to be very tight, with vacancies in the four percent range,” notes McBride. “Given the market fundamentals, we see the possibility of new speculative and build-to-suit development in this market.”
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2013, globally, this group completed nearly 8,900 industrial real estate transactions totaling 348 million square feet, with an aggregate value of $13.3 billion.
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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
