{"id":1004227584,"date":"2018-05-04T04:30:15","date_gmt":"2018-05-04T12:30:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227584"},"modified":"2018-05-31T05:43:06","modified_gmt":"2018-05-31T13:43:06","slug":"penwood-grabs-508-ksf-warehouse-in-pa","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/penwood-grabs-508-ksf-warehouse-in-pa\/","title":{"rendered":"Penwood Grabs 508 KSF Warehouse in PA"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004227692\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004227692\" data-attachment-id=\"1004227692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/penwood-grabs-508-ksf-warehouse-in-pa\/6345-brackbill-mechanicsburg\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg\" data-orig-size=\"800,600\" 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=\"6345 Brackbill Blvd., Mechanicsburg, Pa.\" data-image-description=\"&lt;p&gt;6345 Brackbill Blvd., Mechanicsburg, Pa.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;6345 Brackbill Blvd., Mechanicsburg, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg?w=800\" class=\"wp-image-1004227692 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/6345-Brackbill-Mechanicsburg.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227692\" class=\"wp-caption-text\">6345 Brackbill Blvd., Mechanicsburg, Pa.<\/p><\/div>\n<p>Penwood Select Industrial Partners has acquired a 507,634-square foot warehouse in Mechanicsburg, Pa. According to public records, the seller was a joint venture between&nbsp;Henley Holding Co. and the Public Sector Pension Investment Board, which <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-boom-continues-with-3-15b-exeter-portfolio\/\">p<\/a><a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-boom-continues-with-3-15b-exeter-portfolio\/\">urchased the asset in 2015 as part of a $3.2 billion portfolio<\/a>.<\/p>\n<p>The single-story building spreads across 29 acres at 6345 Brackbill Blvd., along the Interstate 81 industrial corridor. The transit-oriented area is close to interstates 83 and 78 and Pennsylvania Turnpike.<\/p>\n<h2>Recently upgraded asset<\/h2>\n<p>The property, fully occupied by Exel Global Logistics, underwent significant renovations in the past two years, resulting in the addition of ESFR sprinklers and T-8 lighting. The temperature-controlled facility features a clear height of 23 feet at the eaves and 26 feet at the peak, as well as:<\/p>\n<ul>\n<li>fully fenced truck court<\/li>\n<li>13 rail doors<\/li>\n<li>77 dock doors<\/li>\n<li>one drive-in door<\/li>\n<li>more than 80 trailer stalls<\/li>\n<\/ul>\n<p>A Cushman &amp; Wakefield Capital Markets team comprising Executive Managing Director Gerry Blinebury, Senior Director James Carpenter and Executive Directors Robert Yoshimura and Joseph Hill Jr., represented the seller in the transaction.<\/p>\n<p>\u201c<em>(The property) presented a unique opportunity for the right buyer to acquire a fully leased, modern industrial asset offering exceptional access to the extensive regional highway system and population density in the Central Pennsylvania market,\u201d<\/em> Blinebury said in a prepared statement.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fully leased property is situated along the Interstate 81 industrial corridor in Mechanicsburg, Pa., and previously traded as part of a $3.2 billion portfolio.<\/p>\n","protected":false},"author":241,"featured_media":1004227692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10,1494],"tags":[32799,40221,38755],"class_list":["post-1004227584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","category-philadelphia","tag-cushman-wakefield","tag-henley-holding-company","tag-penwood-real-estate-investment-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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