(Read more on the industrial market.)
FOLCROFT, PA-CSG Partners, an affiliate of the White Marsh,MD-based Creaney and Smith Group, has acquired the 125,952-sf foodprocessing and distribution facility at 519 Kaiser Dr. from Omaha,NE-based food processor, ConAgra Corp. The building is located onapproximately 10 acres in the Folcroft East-West Business Park.
CSG has obtained a nearly $10.8-million acquisition andconstruction loan to finance the buy, renovate the recently vacatedexisting building and construct an adjacent 44,300-sf secondbuilding. The lender is Chicago-based Wrightwood Capital, and CraeRamsey, senior director of investments in Wrightwood's WashingtonDC office, handled the transaction, which was sourced throughMartin Kamm and Jim Gladden in the DC office of Jones LangLaSalle.
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