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Prologis Acquires Industrial Warehouse In Bath, East Allen For $60.2M

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SOLD
$60,200,000

Pennsylvania

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Industrial450,000 SF
Sold 01/02/2024
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SOLD

Prologis Acquires Industrial Warehouse In Bath, East Allen For $60.2M

7378 Airport Road

See Similar Deals
Industrial450,000 SF
Sold 01/02/2024
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:450,000 SF
Transaction Type:Sale

Prologis has purchased the Cubes at Airport Road Distribution Center, a 450,000-square-foot warehouse located at 7378 Airport Road in East Allen, Pennsylvania, for $60.2 million. The property is situated in the Bath market, which is known for its industrial real estate offerings. The transaction has been completed.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $60,200,000
  • Square Footage: 450,000
  • Address: 7378 Airport Road
  • Market: Bath, East Allen

Hamid Moghadam, representing Prologis, acted as the buyer in this deal. On the other side of the transaction, Shawn Clark of CRG served as the seller's representative. The sale price of $60.2 million represents a price per square foot of $134. It is worth mentioning that Prologis has been actively expanding its portfolio in the Lehigh Valley area, which includes previous acquisitions at 6974 Schantz Road and 2834 Schoeneck Road.

Players

Hamid Moghadam
Prologis
Hamid Moghadam
51 deals$2.6B volume
BUYER
C
CRG
SELLER

Details

SOLD
IMAGE: Hamid Moghadam & Shawn Clark DATE: 01/02/2024 ADDRESS: 7378 Airport Road MARKET: Bath, East Allen ASSET TYPE: Industrial BUYER: Hamid Moghadam - Prologis (@Prologis) SELLER: Shawn Clark - CRG (@CRG_real_Estate) SALE PRICE: $60,200,000 SF: 450,000 ~ PPSF: $134 NOTE: Prologis has purchased the Cubes at Airport Road Distribution Center, a 450,000-square-foot warehouse in East Allen, Pennsylvania, for $60.2 million. This adds to Prologis' acquisitions in the Lehigh Valley, including properties at 6974 Schantz Road and 2834 Schoeneck Road.

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