Colliers concludes sale of PA Lottery HQ building for $14.9 million in Dauphin County, PA
Dauphin County, PA — Colliers International has arranged the sale of the Pennsylvania Lottery’s 136,000 s/f building to Boyd Middletown DGS LLC – a Chicago-based real estate investment firm. The building - located at 1200 Fulling Mill Rd. in Dauphin County, PA - sold for $14.9 million. The building sits on 12.5 acres with 40,000 s/f of warehouse space and over 97,000 s/f of office space. The Pennsylvania Lottery has a lease through 2022 with a five-year renewal option. Scientific Games is a subtenant in the building. Colliers International’s Larry Kostelac, William Aiello, George Lulos with Colliers’ Investment Services Group and Bob Cottle and Darrin Kennedy with Colliers’ Government Solutions national practice group represented the buyer. Philadelphia, PA – Colliers International in Philadelphia represented Carpenter Technology Corporation in securing 22,000 RSF of class “A” office space at the BNY Mellon building at 1735 Market St., Philadelphia CBD West of Broad St. Carpenter will relocate its corporate headquarters here in the fall of 2016. Its primary manufacturing plant in Reading, PA will remain in Berks County, along with 2,300 jobs. The Reading, PA plant is part of the company’s Specialty Alloys Operations segment. The new Philadelphia location will bring approximately 100 positions to the city over time. The move provides better access to transportation, customer markets, world-class universities, and increased visibility with broad talent pools. James Scott and Jim Scott, Jr. of Colliers International represented Carpenter in this transaction. The Landlord is Equity Commonwealth.