A 700,000-square-foot distribution center leased to
Amazon as a fulfillment center has been sold for $62.4 million.
American Realty Advisors bought 2 Ames Drive in Carlisle,
Pa., from a joint venture between Dermody Properties and a limited liability
corporation going under the name PCCP. The seller was represented by Michael
Hines and Brian Fiumara of CBRE Inc.
The building is fully leased to the online retailer
trough 2024 and sits on 53 acres. Dermody bought the land and building in 2013.
The property sits off of Exit 44 of Interstate 81 and is
in one of the state’s key distribution markets at the confluence of I-81 and
I-76 and not far from I-78. The corridor is home to large bulk warehousing and
distribution centers leased or owned by companies such as FedEx, Procter &
Gamble, Nordstrom, Georgia Pacific and Walmart.
American Realty Advisors of Glendale, Calif., buys
institutional grade real estate on behalf of its clients.
Source: Philadelphia
Business Journal
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