Galen Limited Partnership Acquires 500 Science Park Road Industrial Facility From SDR Holdings For $9.5M

The property at 500 Science Park Road is an industrial asset encompassing 14.21 acres and a total square footage of 105,046. The transaction was finalized on December 13, 2024, with a sale price of $9,500,000, resulting in a price per square foot of $90. It is currently occupied by Chemcut and DaVita Kidney Care, contributing to its industrial profile in the State College, PA market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,500,000
• Address: 500 Science Park Road
• Market: State College, PA
• Acres: 14.21
• Square Footage: 105,046
• Price Per Square Foot: $90
• Buyer: Galen Limited Partnership
• Seller: SDR Holdings, LLC
• Brokers: Jeremy Schyk, Matthew Gorman, Michael Shover, Nicholas Holtz, Robert Thompson & Thomas Finnegan - CBRE

The transaction was facilitated by the brokerage firm CBRE, representing the involved parties. The deal highlights the efforts of multiple brokers in bringing the buyer, Galen Limited Partnership, and the seller, SDR Holdings, LLC, together for the successful sale of the property.