Sep
11
WPT Industrial Expands to PA
ByThe REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.
WPT Industrial REIT is in motion to acquire an approximately 936,000-square-foot distribution property within Pennsylvania’s Lehigh Valley, from a third-party seller, for approximately $74.3 million.
The exact name or location of the distribution center was not disclosed, but the property is currently 100 percent leased to two tenants. The deal is expected to be complete in the third quarter this year…
