Alliance Acquires York Industrial Portfolio

YORK, PA—Alliance Partners HSP has scooped up another two industrial properties in York, PA, totaling approximately 566,000 square feet. The purchase, redevelopment and subsequent leasing of these buildings is the most recent in a series of industrial acquisitions by the company totaling approximately two million square feet.

Alliance HSP purchased distribution facilities at 2925 East Market Street and 789 Kings Mill Road from D&D Distribution, totaling 386,000 square feet and 180,000 square feet, respectively. As part of the transaction, Alliance HSP entered into a full building, three-year leaseback agreement with D&D Distribution at 789 Kings Mill Road.