PCCP Acquires Hamburg Logistics Center From Transwestern Development Co. And QuadReal Property Group For $57.5M

The Hamburg Logistics Center, located at 3501 Mountain Road in Hamburg, PA, is a 64-acre industrial asset that recently sold for $57.5 million. This facility boasts a total area of 518,140 square feet with a price per square foot of $111. It features 40-foot clear heights and 100 loading docks, catering to logistics and warehousing needs.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $57,500,000
• Address: 3501 Mountain Road, Hamburg, PA
• Buyer: PCCP
• Seller: Transwestern Development Co. & QuadReal Property Group
• Brokerage Firm: JLL
• Brokers: Jeff Lockard, John Plower, Paul Torosian, Ryan Cottone & Zach Maguire
• Lender: Heitman Capital Management
• Mortgage Brokers: Chad Orcutt, Jim Cadranell & Jon Mikula

The transaction involved a collaborative effort by JLL Capital Markets, which facilitated the sale. PCCP secured a loan of $46.4 million from Heitman Capital Management to support the acquisition of the logistics center, marking a significant movement in the industrial real estate sector.