The Flynn Company represented DP Partners in
the November 2010 sale of 1150 Commerce Boulevard, a
599,500 SF warehouse facility within the prestigious
LogistiCenter at Logan industrial complex in Logan
Township, New Jersey. The property is a Class A, LEED
certified facility constructed in 2009 and leased by
Kimberly-Clark Corporation. Northwestern Mutual
acquired the facility for $35,500,000 which equated to a
7.39% capitalization rate.
The Flynn Company represented the
seller of a 508,138 SF technology and office campus to
Trident in May of 2010. The campus was 73% occupied at
the time of sale and traded for $33,000,000.
630 Clark Avenue
|King of Prussia, PA
Brandywine Realty Trust was represented by The
Flynn Company in the sale of 630 Clark Avenue, a 50,000
SF data center building leased by Verizon Communications
was sold to a private investor from California for
$3,610,000 in September, 2010. The buyer executed a
1031 tax-deferred exchange in transacting the property.
12285 McNulty Road
The Flynn Company represented Continental Properties in
the August 2010 sale of a 75,000 SF industrial building
within the Byberry East Industrial Park to Cabot
Properties. The multi-tenant building was 85% occupied
at the time of sale and sold for $48 per square foot.
|Lehigh Valley, PA
The Flynn Company represented Cohen Asset Management in
the sale of 6845 Snowdrift Road. The 93,000 SF
facility, located in the Iron Run Corporate Center, was
sold to a private entity for $4,900,000.