"Obviously, it's the most dramatic, strongest market industrial space has ever seen in its history no matter what statistic you look at," says Liberty Property Trust's Bill Hankowsky.
The publicly-traded, international biopharmaceutical company signed a 10-year lease at the property owned by Brookfield Properties and American Express.
"Pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base,” says Marcus & Millichap's Mark Krantz.