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Real estate investor acquires Allentown industrial building for $7.8M
McLean, Virginia-based Gladstone Commercial Corp. has acquired a 70,000-square-foot industrial manufacturing facility in Allentown for $7.8 million at a weighted generally accepted accounting principles capitalization rate of 9.2%.
Wyomissing warehouse/office complex sells for $11.75M
Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, assisted in the sale of a 142,700-square-foot warehouse/office complex in Wyomissing for $11.75 million.
Coopersburg Commons shopping center sold
Coopersburg Commons, a 95,186-square-foot shopping center in Coopersburg borough, has sold for an undisclosed price.
Commercial truck center sold, will become medical facility
A 29,770-square-foot commercial truck center in Monroe County sold for $4.6 million to Lehigh Valley Health Network, Rock Commercial Real Estate announced Tuesday.
Industrial space vacancy falls to historic low in the region
In the greater Philadelphia region, including central Pennsylvania and the Lehigh Valley, the vacancy rate for industrial space fell to a historic low of 1.96% in the first quarter of 2022.
Lehigh Valley homebuyers competing for sparse inventory
January home sales in Lehigh and Northampton counties inched up 0.4% from a year ago, a pace constrained by limited supply.
