FORMER HEALTH DISTRIBUTION SITE SELLS IN NORTHEAST PENNSYLVANIA

DUNMORE, PA. — An affiliate of Equilibrium Equities Inc. has acquired the former Ocean Logistics property at Keystone Industrial Park in Dunmore. The 249,000-square-foot industrial building is located on 22 acres and includes “abundant loading doors, car parking and trailer storage,” according to a release by Equilibrium. The property, located at 100 Keystone Industrial Park Road, is a mile from I-81. Super Market Services had acquired the facility in the mid-1970s for use as a distribution center for its health and beauty aid services. The building was vacated in the fall of 2011. Atlantic Real Estate Services Inc. represented the seller, C&S Wholesale Grocers Inc., in the transaction. Metro Bank Inc. provided the financing for the acquisition and renovation of the building. Aaron Lehrfield, Jeannie Bionda, Michael Dougherty and Christine O' Connell of Kaye Scholer represented Deutsche Bank and Prime Finance in the transaction. Kathryn K. Arnold of Shefsky & Froelich represented the borrowers.