(Read more on the industrial market.)

MECHANICSBURG, PA-Winston-Salem, NC-based Carolina Logistics Services has leased the 400,000-sf warehouse/distribution building at 100 Louis Pkwy. in the Golden Triangle Industrial Park. This February, Industrial Developments International acquired the building from locally based Triple Crown Corp. for $18.4 million.

Carolina Logistics is a third-party reverse logistics supplier, which handles returns from a major national retailer. The value of the lease is undisclosed. At the time of the building sale, John Van Buskirk of Harrisburg-based NAI/CIR told GlobeSt.com, “face rates for new warehouse space in the Harrisburg market is running from $4.10 per sf to $4.35 per sf, triple net.”

Buskirk and Jack Shepley of NAI/CIR’s industrial properties group represented Triple Crown in the sale to Atlanta-based IDI and also represented IDI in the lease transaction with Carolina Logistics along with Frank Petkunas, IDI’s VP and regional development officer in the company’s Philadelphia office.

Larry Maister, formerly with Trammel Crow Co. and now SVP in the Wayne office of CB Richard Ellis, represented the tenant. Like the NAI/CIR brokers, he declined to disclose the value of the lease. Maister tells GlobeSt.com that rent rates for warehouse/distribution centers in this area are $4.25 per sf.

Triple Crown completed the building in 2006. In a statement, Petkunas says the park “provides Carolina Logistics modern, strategically located distribution space. The Harrisburg market is a major hub for Northeast distribution, and Golden Triangle is located less than one mile from I-81 and under two miles from I-76.”

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.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.