Solid Growth Props. acquire 129,000 s/f industrial property

Gradison Management partnered on the acquisition

PALMYRA, PA — Solid Growth Properties, a York-based industrial real estate investment firm led by Darren Smith, has acquired the 129,000 s/f industrial facility at 1221 East Main St. in Palmyra, Lebanon County. The property sits on approximately 45 acres along a primary commercial corridor. Tom Ott of Gradison Management partnered on the acquisition.

Brad Swidler of Lee & Associates represented the seller. The buyer was represented by Landmark Commercial Realty.

The acquisition reflects Solid Growth Properties’ continued focus on value-add industrial and flex properties in south-central and southeastern Pennsylvania.

“This property checked every box for us,” said Smith. “The building has strong existing tenancy, and the rear 35 acres present a significant development opportunity. We are moving forward with subdivision and entitlement of that acreage for heavy industrial use and would welcome conversations with developers looking for a shovel-ready pad site in Lebanon County.”