Grubb & Ellis Represents Higgins Development Partners in Sale of 602,500-SF Warehouse/Distribution Facility in Carlisle, PA

KING OF PRUSSIA, PA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that its Global Logistics Group represented Pritzker Realty Group and Higgins Development Partners in the investment sale of Key Distribution Center (top left photo) , a 602,500-square-foot warehouse/distribution facility in Carlisle, to Carlisle 44 LP.

Steve Bonge and Tim Brogan, both senior vice presidents, and Patrick McBride, vice president, served as the seller’s representative in the transaction, located at 1700 Ritner Highway.

“The property’s excellent location along the I-81 corridor, as well as its state-of-the-art, Class A building systems, prompted strong buyer response,” said Brogan. “The building is well-suited for a number of uses, including manufacturing, warehouse distribution, customer service/call centers, commercial, and retail/service.”

Built in 2007, the facility is located within one mile of Exit 44 off of I-81 and features high clearance of 32 feet with 50’ x 50’ bays, parking for approximately 200 trailers and 345 cars, ample overhead and drive-in doors, highly efficient sprinkler and HVAC systems and high power. The building is fully available for lease.

Higgins Development Partners develops office, industrial, land and governmental, institutional and laboratory projects ranging from award winning multi-story urban office towers to large-scale master-planned suburban business parks, managing all aspects of the development process with its staff of experienced, local real-estate professionals teamed with industry-leading financial partners, consultants, and contractors.

Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com