YORK, PA—Endurance RealEstate Group and Thackeray Partners havesold the 313,000 square-foot 515 Zarfoss Drive inYork, PA, to Industrial Property Trust for $16.5million. The property is located in the 27 million square footCentral Pennsylvania industrial market, which is widely consideredone of the top performing in the United States.
"515 Zarfoss Drive presentedthe opportunity for the buyer to acquire a 100 percent leased,highly-functional asset with a tenant who has an unmatched localpresence and commitment to the market," says JohnPlower, senior vice president, JLLPhiladelphia, which brokered the sale forEndurance and Thackeray. "YorkCounty has continued to be a shining star within the CentralPennsylvania market, outperforming other locations in terms of highquality of labor, rental rates and limited vacancy."
Central Pennsylvania remains an attractiveindustrial market for investors due to its superior regionalconnectivity within a one-day drive of New York, Philadelphia,Baltimore, Washington, DC, and Pittsburgh. The York County markethas emerged as one the most highly sought after locations withinthe Central Pennsylvania market due in part to its close proximityto Harrisburg, strategic location along I-83 and high qualitylabor.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
