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Colorado company buys I-78 warehouse for $27.5 million

May 24, 2016

May 23, 2016 | By The Morning Call Staff | The Morning Call

WEISENBERG TOWNSHIP — A prominent warehouse facility off Interstate 78 in Lehigh County has changed ownership.

Industrial Property Trust Inc. of Denver has acquired 9747 Commerce Circle in Weisenberg Township, according to the company’s Securities and Exchange Commissionfiling.

Industrial Property purchased the property from Woodmont Industrial Partners of Fairfield, N.J., for $27.5 million, the SEC filing and Lehigh County property records show.

The nearly 385,000-square-foot warehouse in the Arcadia West Industrial Park is located on Route 863, about a half-mile north of I-78 at Exit 45.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.