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

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.