PCCP Acquires 518 KSF Facility for $57.5M ($110.97psf) from Transwestern Development Company, QuadReal JV

PCCP has acquired Hamburg Logistics Center, a 518,140-square-foot warehouse and distribution facility in Hamburg, Pa., a Philadelphia submarket.

The company paid $57.5 million for the asset and took out a $46.4 million loan from Heitman Capital Management, with a maturity date set for 2027, according to public records.

A joint venture between Transwestern Development Co. and QuadReal Property Group sold the facility. JLL Capital Markets brokered the deal on behalf of the seller and arranged the acquisition financing.

Transwestern Development Company (TDC)
Brian Banaszynski | Regional Partner, Logistics Group-Northeast
PCCP LLC
Ryan Dodge | Managing Director-Equity/Debt-Midwest/Northeast/East
QuadReal Property Group
Daniel Gliksman | Managing Director, Americas-East

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