fbpx

In brief: AEW buys warehouse

AEW Capital Management purchased a 342,500-square-foot, class-A industrial building at 500 Independence Ave. in Upper Allen Township.

AEW Capital Management purchased a 342,500-square-foot, class-A industrial building at 500 Independence Ave. in Upper Allen Township.

The Boston-based company bought the building from Verus Partners, based in Rosemont, Ill. AEW paid $16.5 million for the facility and will lease the building, said Michael Hess, senior associate for the Harrisburg office of CB Richard Ellis. Hess helped broker the deal.

The building was constructed in 2006 on about 22.5 acres in the Upper Allen Business Park in Cumberland County.

Business Events

Healthcare Symposium

Friday, August 14, 2020
Healthcare Symposium

Diversity and Inclusion Summit

Monday, August 31, 2020
Diversity and Inclusion Summit

2020 Top 50 Fastest Growing Companies

Wednesday, September 09, 2020
2020 Top 50 Fastest Growing Companies

Forty Under 40

Wednesday, September 30, 2020
Forty Under 40