Cole Real Estate Investment purchased the industrial facility at 60 Industrial Park Rd. in the Milton Industrial Park in Milton, PA for $29.49 million, or about $41 per square foot, from SK Realty Management and Blue Vista Capital Partners.
The 718,910-square-foot industrial building is home to ConAgra Foods. Cushman & Wakefield was able to secure a long-term lease renewal deal prior to the sale.
Gerry Blinebury, Leah Balerno, Paul Torosian, Karen Iman, John Plower and Gary Gabriel of Cushman & Wakefield represented the seller. The buyer was represented in-house.
Please see CoStar COMPS #2139168 for more information on this transaction.