ASI York, LLC, an affiliate company of Schottenstein Property Group, Inc. (SPG), sold a 624,800 square foot distribution building in York, Pennsylvania for $26 million this month. In a deal brokered by Philadelphia- based Binswanger, Endurance Real Estate Group, a diversified regional real estate company that focuses on projects in the Mid-Atlantic States, picked up the single-story distribution center. The property at 325 South Salem Church Road is located in the West Manchester Township Corporate Center, just off Route 30 and is nearby I-83.
According to a GlobeSt.com article, SPG owns interest in a diverse portfolio of more than 156 properties in 27 states in excess of 21 million square feet of gross leasable area. SPG properties are predominately anchored by national retail tenants including American Signature Inc., DSW, Inc., Bed, Bath & Beyond, Inc., Wal-Mart Stores, Inc., and TJX Companies.
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