ALLENTOWN, PA—Patriot Equities is acquiring 1110 American Parkway, Allentown PA, a 600,000 square-foot class A office campus in Allentown, PA. The property is off Route 22 in close proximity to the Lehigh Valley International Airport.
Mission Capital Advisors says its Debt & Equity Finance Group arranged $41 million in acquisition and repositioning financing for the transaction.
The property includes two class A office buildings totaling approximately 600,000 square feet connected by a glass atrium on approximately 145 acres. The buildings are served by two parking garages and surface parking. Another 400,000 square feet of office space, for which approvals have already been received, could be built on the property.
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