PG Warren Industrial LLC Purchases Retail Facility From Industrial Commercial Properties For $9.4M

The property asset involved in this transaction is a retail facility located at 4551 Research Parkway Northwest in Warren, Ohio. The facility encompasses 94,000 square feet and was sold for $9,400,000, resulting in a price per square foot of $100.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,400,000
• Address: 4551 Research Parkway Northwest
• Market: Warren, OH
• Square Footage: 94,000
• Price Per Square Foot: $100
• Buyer: PG Warren Industrial LLC
• Seller: Industrial Commercial Properties
• Brokers: Will Roberts, Steve Timmel & George Stevens - CBRE

The transaction was facilitated by CBRE, which acted as the broker for the sale. Industrial Commercial Properties sold the fully leased building, which is occupied by Aptiv as part of its Warren campus, to PG Warren Industrial LLC.