May 08 2017
ALLEGIANCY MANAGED FAIRVIEW INDUSTRIAL PARK HAS OFFICALLY SOLD IN LEWISBERRY, PA
Richmond, Va., May 8th, 2017– Allegiancy is pleased to announce that through Cushman & Wakefield’s marketing efforts the six flex buildings that encompass Fairview Industrial Park have been sold. The properties sold for an astounding total of $11.75 million. At the time of the sale tenants were leasing 80 percent of the building’s available spaces.
The 28,000 SF modern warehouse space is well located at 503-509 Industrial Drive, Lewisberry, Pennsylvania, right off of interstate 83 in York County. The lot stretches over 6.98-acres and includes tremendous amenities like 24’ modern ceilings, ESFR sprinklers, ample parking in the front, and rear of the building, six loading docks, and one drive-in door. The park is in the heart of central Pennsylvania submarket and is located across the street from a FedEx hub, which is the primary delivery company used by the tenants, facilitating convenient deliveries.
Steve Sadler, Allegiancy CEO stated, “We are pleased to have had the pleasure of being the asset management firm for Fairview Industrial Park.”
Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is leveraging the experience of its principals of more than four decades of success.
PLEASE NOTE: No money or other consideration is being solicited pursuant to this press release, and if any is sent in response, it will not be accepted. No offer to buy Allegiancy’s securities and no part of the purchase price for Allegiancy’s securities can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indication of interest in Allegiancy or its offering involved no obligation or commitment of any kind. A copy of Allegiancy’s offering statement containing its most current preliminary offering circular describing the offering that is the subject of this press release can be found at: www.allegiancyipo.com
March 07 2017