Cabot Properties Acquires Property At 966 Postal Rd Allentown For $21.3M With Joe Hills Gerry Blinebury Joe Hill As Seller's Brokers

The property involved in this transaction is a five-building industrial portfolio located at 964, 966, and 999 Postal Road in Allentown, PA, along with 7331 and 7350 William Avenue in Fogelsville. The total transaction amount for this portfolio is $21,300,000. The buildings offer a combined total of 271,045 square feet within the Allentown market.

Summary of transaction details:

• Property Type: Industrial Portfolio
• Transaction Amount: $21,300,000
• Address: 964, 966, and 999 Postal Road, Allentown, PA, 18109; 7331 and 7350 William Avenue, Fogelsville, PA
• Market: Allentown
• Buyer: Cabot Properties
• Seller's Representatives: Joe Hills-JLL, Gerry Blinebury-Cushman & Wakefield, Joe Hill-CBRE

The sale was orchestrated by Cushman & Wakefield’s Philadelphia Capital Markets team, highlighting the strategic nature of the acquisition. Jeffrey Williams from Cushman & Wakefield has been retained as the exclusive leasing agent for the properties. The buyer identified the value in the well-maintained, multi-tenanted buildings, which maintain a 92 percent occupancy rate and are located in a high-demand market for logistics and e-commerce. Key tenants within the portfolio include W.B. Mason and Air Products & Chemicals, Inc.