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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.