Dallas investor pays $1.6M for government building in Harrisburg
A Dallas-based investment group has purchased a three-story government building in Harrisburg for $1.6 million.
Lemoyne-based RSR Realtors brokered the deal for the property, at 100 Chestnut St.. The 43,510-square-foot office building is leased by Dauphin County's mental health and intellectual disabilities program and juvenile probation, as well as the federal public defender. The deal closed on Oct. 30.
Chestnut 100 LLC, based in Dallas, acquired the government building from the Dauphin County General Authority. The building is across the street from UPMC Pinnacle's Harrisburg Hospital.
RSR's Bill Rothman, who handled the transaction, said the buyer purchased the building as an investment property.
"This office building, which is in good condition and has stable government leases, represents the kind of commercial investment property that is in high demand," he said. "It's the kind of building that buyers want to add to their portfolio."