Panattoni Development Acquires Industrial Property In Valley View, Pennsylvania For $25.75M

An industrial property located at 978 Gap Street in Valley View, Pennsylvania was recently sold for $25,750,000. The property spans over 2,387,295 square feet, resulting in a price per square foot of $11. The transaction took place on July 29, 2021, and involved the buyer, Panattoni Development Company, and the seller, Tremont FT, LLC.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,750,000
• Address: 978 Gap Street, Valley View, Pennsylvania
• Market: Valley View, Pennsylvania
• Buyer: Panattoni Development Company
• Seller: Tremont FT, LLC
• Brokers: Michael Hess, Bart Anderson & Patrick Lafferty - CBRE

The deal was facilitated by the broker representatives Michael Hess, Bart Anderson, and Patrick Lafferty from CBRE. They played a crucial role in connecting the buyer and seller to successfully close the transaction. This demonstrates their expertise in the industrial property market in Valley View, Pennsylvania.