SHIRESMANSTOWN, PA — JLL Capital Markets arranged the $42.5 million sale of 485 Distribution Center (485 DC), a 456,810 s/f distribution center in Shiremanstown, to Black Creek Group on behalf of the seller, a joint venture between Endurance Real Estate Group and CenterSquare Investment Management. JLL managing director John Plower led the team in handling the sale, along with senior associate Ryan Cottone and managing director Jason Webb.
485 DC is a multi-tenant warehouse facility situated on 26.9 acres. The sale presents Black Creek Group a stabilized property with impressive cash flow and logistics essentials including high loading capacity, dedicated trailer stalls and an ideal building depth of 300 feet.
The property was redeveloped in 2018 to provide superior functionality for bulk distribution. Features include 32’ and 28’ clear heights, ample trailer and car parking, LED lights, ESFR sprinkler system, and a 188’ truck court with a 60’ concrete apron.