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SK Realty Management Acquires Industrial Portfolio In York, PA For $73M

601, 621 & 631 South Richland Avenue
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This Industrial property located in PA was sold for $73,000,000 over 2 years ago. The brokers of the deal were John Plower, Ryan Cottone, Jeff Lockard, Michael Pagniucci, and Chad Orcutt

A 1,400,000 square foot industrial property located at 601, 621, and 631 S. Richland Ave. in York, Pennsylvania has been sold for a price of $73,000,000. The property was part of a transaction that took place on August 26, 2021. The buyer of the property is SK Realty Management, while the seller is Patriot Equities. The sale was facilitated by brokers John Plower, Ryan Cottone, and Jeff Lockard from JLL. The property is situated in the market of York, Pennsylvania.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $73,000,000
  • Square Footage: 1,400,000
  • Address: 601, 621, and 631 S. Richland Ave.
  • Market: York, PA
  • Buyer: SK Realty Management
  • Seller: Patriot Equities
  • Brokers: John Plower, Ryan Cottone, and Jeff Lockard - JLL

Chad Orcutt and Michael Pagniucci from JLL served as the mortgage brokers for this transaction.

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Deals
  • Location
    601 S Richland Ave, York, PA, USA601 S Richland Ave, York, PA, USA
  • Sale Price
    $73,000,000$73,000,000
    $52 PPSF$52 PPSF
  • Area
    1,400,000 SF1,400,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Chad Orcutt

Chad Orcutt

Deals4
Financed$512M

Michael Pagniucci

Michael Pagniucci

Deals6
Financed$250.9M

Ryan Cottone

Ryan Cottone

Deals9
Sold$660.7M

John Plower

John Plower

Deals10
Sold$770.7M

Jeff Lockard

Jeff Lockard

Deals5
Sold$501.6M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Erik E. Kolar, John Plower, Ryan Cottone & Jeff Lockard DATE: 08/26/2021 ADDRESS: 601, 621 & 631 S. Richland Ave. MARKET: York, Pa ASSET TYPE: Industrial BUYER: SK Realty Management SELLER: Patriot Equities BROKERS: John Plower, Ryan Cottone & Jeff Lockard - JLL MORTGAGE BROKERS: Chad Orcutt & Michael Pagniucci - JLL SALE PRICE: $73,000,000 SF: 1,400,000 ~ PPSF: $52

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601, 621 & 631 South Richland Avenue

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