Fortress Investment Group LLC Purchases Victory Brewing Co. Brewery In Parkesburg For $21.79M

Located at 3127 Lower Valley Road in Parkesburg, this industrial property spans 42 acres. The property was recently sold for $21,790,000. It offers a total of 212,000 square feet of space, equating to a price per square foot of $103. The sale involved Victory Brewing Co., Artisanal Brewing Ventures, and Fortress Investment Group LLC.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,790,000
• Address: 3127 Lower Valley Road
• Market: Parkesburg
• Buyer: Fortress Investment Group LLC
• Seller: Bill Covaleski & Ron Barchet - Victory Brewing Co.; John Struble - Artisanal Brewing Ventures
• SF: 212,000
• PPSF: $103

Victory Brewing Co. sold its brewery and taproom in Chester County to Fortress Investment Group LLC for $21.79 million in a sale-leaseback deal. The proceeds from the sale will be used for upgrades at other company locations. As a Downingtown-based craft brewer, Victory Brewing Co. plans to reinvest the funds into marketing and facility renovations. The company will continue its operations in Parkesburg under a long-term lease arrangement.