Time Manufacturing Company Sells Industrial Property In Waco, TX & Bethlehem, PA To W. P. Carey For $29M

The industrial property located at 7601 Imperial Drive in Waco, TX and Bethlehem, PA has been sold. The transaction took place on January 8, 2021. The property spans 440,177 square feet and was sold for a total price of $29,000,000, resulting in a price per square foot of $66.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $29,000,000

The seller of the property was Time Manufacturing Company, while the buyer was W. P. Carey. The sale was facilitated by Maureen Kelly Cooper, Robert Elms, Michael Thomas, Anthony Pasqual, and Steven LaKind, who represented both parties in the deal. These brokers are affiliated with Cushman & Wakefield.