NEW YORK CITY-As demand for prime industrial propertiescontinues to heat up, real estate investment services firmEastern Consolidated is marketing a15-building industrial/warehouse portfolio across Upstate New York,Pennsylvania and Ohio. GlobeSt.com has learned that themulti-state, 2.5 million-square-foot porfolio is going for $97million.

Stuart Gross, executive managing director atEastern, tells GlobeSt.com that the owner of the warehouses, whodid not wish to be identified, is a prominent “family partnership”in the region. He says that the sites are spread out across thethree states, including three in Rochester, NY; three inGuilderland, NY; four in Liverpool, NY; one in Chambersburg, PA;two in Middletown, PA; one in Marysville, OH; and one inZanesville, OH.

“They have national tenants for the most part, and it about 89%leased,” he says, noting that the warehouses are “verywell-situated” from a transportation standpoint. “All of theproperties are excellent for distribution, based on their locationnear interstate highways,” he adds, noting that the portfolio issecured by a number of long-term, high-credit tenants such asStaples, Sumitomo Electric and Iron Mountain.