Location: Bethlehem, PA
Asset Type: Industrial
Size: 86,000 SF
Purchased in 2017, the Property was fully leased by Federal Express with the intent to vacate in 2018. Ownership saw an opportunity to purchase the Property at below market-value and re-lease to a single tenant. In 2019, the Property was fully re-leased to a privately-held national IT Disposition provider.
In September 2019, the Property was sold as the investment strategy had been fully realized.