Jack Ford And Brian Underkofler Acquire Industrial Asset In Tobyhanna For $60.5M

The property asset involved in this transaction is an industrial facility located at 1901 Corporate Center Drive East in Tobyhanna. The sale was completed for $60,500,000, encompassing a total of 400,140 square feet, resulting in a price per square foot of $151.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,500,000
• Address: 1901 Corporate Center Drive East
• Market: Tobyhanna
• Square Footage: 400,140
• Price Per Square Foot: $151
• Buyer: Jack Ford & Brian Underkofler - Lightstone
• Brokers: Michael Hines & Brad Ruppel - CBRE

The deal was represented for the buyer by Jack Ford and Brian Underkofler from Lightstone, while the brokerage firm CBRE was involved in facilitating the transaction through their representatives, Michael Hines and Brad Ruppel.