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“This sale represented a rare opportunity to purchase a new single-tenant, triple-net Walmart with stable income stream with increases,” says Ed Hanley of Hanley Investment Group.
In central Pennsylvania's I-78/I-81 corridor, the 2018 vacancy rate has been about 6.1%, and net absorption is nearly 12.5 million square feet, according to Mike Hess, SIOR, of CBRE, who chaired the panel on the state of the submarkets.
The Navy Broadway Complex, which is currently the home of the Navy's regional headquarters, will make way for a new mixed-use development. Manchester Pacific Gateway will feature six buildings totaling 3 million square feet within eight-city blocks.
President Trump may sign an executive order giving opportunity zone investments additional preferences in federal loan and grant funding, says Christopher Coes, vice president of land use and development, Smart Growth America.