JV DISPOSES OF 383,000-SQUARE-FOOT WAREHOUSE

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YORK, PA. — A joint venture between New York City-based investment firms Ark Investment Partners, Savanna and Belfer Management has disposed of a 383,000-square-foot warehouse and distribution center, located at 2995 E. Market St. in York, for $10.5 million. The joint venture acquired the property in 2003 and leased a significant portion of the formerly vacant building through a multi-million dollar capital improvements plan. It was acquired by Four Concord Partners. Cushman & Wakefield represented the seller in the transaction.

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