The asset involved in this transaction is the Scranton North Logistics Center, situated at 1300 Corporate Way in Olyphant, PA. The industrial property spans 1,000,000 square feet and was built in 2023. It is fully leased to an investment-grade tenant, offering features such as 40-foot clear heights and 163 dock-high doors, enhancing its operational capabilities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1300 Corporate Way, Olyphant, PA
• Market: Olyphant, PA
• Asset Size: 1,000,000 SF
• Buyer: Henry Steinberg - EQT Real Estate
• Brokers: John Plower, Ryan Cottone & Zach Maguire - JLL
• Note: The property features strategic access to US Route 6 and Interstates 81 and 84.

Henry Steinberg represents EQT Real Estate in the acquisition of this property. The brokers involved in the transaction, John Plower, Ryan Cottone, and Zach Maguire, from JLL, successfully represented the seller, highlighting the facility's prime logistics attributes during the sale.