Hines Acquires Covington Logistics Center For $60M In Covington Township, Pennsylvania

Hines has purchased the Covington Logistics Center, a 501,600-square-foot industrial property, located at 180 First Ave in Gouldsboro, Covington Township, Pennsylvania, for $60 million. The property is situated on a 36-acre site and offers modern amenities and convenient access to major interstates in the area.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $60,000,000
• Address: 180 First Ave, Gouldsboro, Covington Township, Pennsylvania
• Market: Gouldsboro, Covington Township, Pennsylvania
• Asset Size: 501,600 square feet
• Price per Square Foot: $120

The property was sold by Portman Holdings and Rockpoint, with representation from brokers Gerry Blinebury and Collin Potter of Cushman & Wakefield. The acquisition of the Covington Logistics Center expands Hines' industrial portfolio and strengthens their presence in the Gouldsboro market.