(To read more on the industrial market, click here.)

ALLENTOWN, PA-Conewago Equities LP has sold the 509,445-sf industrial building at 200 Cascade Dr. and an adjacent 50,000-sf newly constructed building in Lehigh Valley Industrial Park II to First Industrial Realty Trust for $25.1 million. The larger building is the former Ross Bicycle Plant, which was completed in 1971.

According to public records, Hanover-based Conewago acquired the Ross Bicycle site and building in November 1998 for $4.2 million, and the following year, paid $57,500 for the additional 10.4 acres. Jack Shepley and John Van Buskirk of the industrial properties group of Harrisburg-based NAI CIR located the buyer and represented Conewago in the sales transaction. First Industrial was represented in house.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.