{"id":1004196024,"date":"2017-11-03T04:39:29","date_gmt":"2017-11-03T12:39:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196024"},"modified":"2022-12-08T19:28:42","modified_gmt":"2022-12-09T03:28:42","slug":"northeastern-pa-industrial-portfolio-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northeastern-pa-industrial-portfolio-changes-hands\/","title":{"rendered":"Northeastern PA Industrial Portfolio Changes Hands"},"content":{"rendered":"<p><em>By Tudor Scolca<\/em><\/p>\n<div id=\"attachment_1004196026\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196026\" data-attachment-id=\"1004196026\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/northeastern-pa-industrial-portfolio-changes-hands\/32-earth-conservancy\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg\" data-orig-size=\"1395,923\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"32 Earth Conservancy\" data-image-description=\"&lt;p&gt;32 Earth Conservancy Drive&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;32 Earth Conservancy Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg?w=1024\" class=\"wp-image-1004196026 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg\" alt=\"32 Earth Conservancy Drive\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg 1395w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg?resize=300,198 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg?resize=768,508 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/32-Earth-Conservancy.jpg?resize=1024,678 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196026\" class=\"wp-caption-text\">32 Earth Conservancy Drive<\/p><\/div>\n<p>NorthPoint Development acquired a three-building industrial portfolio from Endurance Real Estate Group. The deal was brokered by Cushman &amp; Wakefield\u2019s Industrial Advisory Group. Executive Director Gerard Blinebury together with Executive Managing Director Gary Gabriel, Senior Director Jeffrey Williams and Director Daniel Walsh represented the seller. According to the team of brokers, this was the largest <a href=\"https:\/\/www.commercialsearch.com\/news\/woodmont-sells-northeast-pa-industrial-building\/\">Northeastern Pennsylvania industrial portfolio<\/a> to trade in recent years.\u00a0<\/p>\n<p>The buildings total 544,974 square feet and are located at 7 and 15 Alberigi Drive in Jessup, Pa., and 32 Earth Conservancy Drive in Wilkes-Barre, Pa. The portfolio is currently 78 percent occupied. The three industrial assets feature Class A warehouse and distribution specifications, including 30-foot clear ceiling heights, ESFR sprinkler systems and loading capacity with full dock packages. Tenants can easily reach the network highway of interstates 81, 84, 80 and 380. The Pennsylvania Turnpike provides access to New York, Philadelphia, Pittsburgh, Baltimore and Washington, D.C.<\/p>\n<p>\u201c<em>This was a great opportunity for both the buyer and the seller. Endurance Real Estate Group added tremendous value through thoughtful renovations and tenancy, while the remaining vacancy provides further value-add opportunity for the purchaser,<\/em>\u201d said Gerard Blinebury in a prepared statement.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<br \/><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield&#8217;s Industrial Advisory Group mediated the sale of an industrial portfolio totaling 544,974 square feet. The three buildings are located near an extensive network of highways.<\/p>\n","protected":false},"author":1284,"featured_media":1004196026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1494],"tags":[32799,35021,38189],"class_list":["post-1004196024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-philadelphia","tag-cushman-wakefield","tag-gary-gabriel","tag-northpoint-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northeastern PA Industrial Portfolio Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/northeastern-pa-industrial-portfolio-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northeastern PA Industrial Portfolio Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield&#039;s Industrial Advisory Group mediated the sale of an industrial portfolio totaling 544,974 square feet. 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