WOODMONT ACQUIRES 179,000 SF WAREHOUSE, PLANS RENOVATIONS

NEW KINGSTOWN, PA. — Woodmont Industrial Partners has acquired a 179,000-square-foot warehouse at 34 E. Main St. in New Kingstown from Lexmain Realty Ventures. Built in 1981, the rail-serviced property includes 20 loading docks, 10 rail doors, a 24-foot clear ceiling height and 40 parking spaces. Woodmont plans to invest $500,000 for renovations before returning the currently vacant building to the market in early 2013. Gerard Blinebury, Pat McBride and Adam Campbell of Cushman & Wakefield represented both parties in the transaction.