Va. investor pays $8.4M for former Metro HQ
A little more than a year after investors bought the former Metro Bank headquarters in Swatara Township, the building has been sold to another real estate investor.
The 62,000 square-foot building, located in the TecPort Business Center, houses midstate operations for IT company Computer Aid.
The property was sold for $8.4 million by 3801 Paxton Equities LLC, a company owned by a group of Computer Aid principals including President Tom Salvaggio. The buyer is Rosser LLC, an investment company based in Arlington, Va.
At the end of 2016, 3801 Paxton Equities paid $6.7 million for the property. Its previous owner was F.N.B. Corp., the parent company of First National Bank of Pennsylvania. F.N.B. took over the building when it acquired Metro Bank in 2016.
Computer Aid, which has a 10-year lease on the property, will remain the lone tenant. The Allentown-based technology company moved in last year to expand its regional operations after occupying another building in TecPort.
Computer Aid provides information technology services to governments and Fortune 1000 companies, among other clients.
Cindy McDonnell Feinberg and Gregg Feinberg of Feinberg Real Estate Advisors LLC handled the entire transaction.