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Pennsylvania Industrial Properties Tied to Pending Loan Maturity Sell for $73 Million

Denholtz Picks Up 18-Building Lehigh Valley Portfolio From PennCap
Among the properties PennCap Properties sold was Lehigh Valley Industrial Park IV in Bethlehem, Pennsylvania. (CoStar)
Among the properties PennCap Properties sold was Lehigh Valley Industrial Park IV in Bethlehem, Pennsylvania. (CoStar)
CoStar News
January 5, 2024 | 5:09 P.M.

Facing a maturity this month on a $105 million commercial mortgage-backed securities loan in special servicing, PennCap Properties has completed the sale of the majority of the portfolio backing the loan.

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News | Pennsylvania Industrial Properties Tied to Pending Loan Maturity Sell for $73 Million