CBRE today announced the sale of two office buildings, totaling approximately 250,000 sq. ft., located at 100 and 200 Amp Drive in Harrisburg, Pennsylvania. D&H Distributing Company acquired the two properties for $8,200,000.
D&H Distributing Company is relocating its headquarters from 2525 North Seventh Street in Harrisburg, while TE Connectivity, who occupied the entire campus before the acquisition, will continue to partially occupy the premises with its employees on site. D&H Distributing is expected to move into the nearly 50-acre campus during the third quarter of this year.
“D&H endeavored to establish a location in Central Pennsylvania where they can continue to foster the growth of their already successful company,” said Mr. Curran. “This campus allows them to improve the overall condition of their facility, increase efficiencies, and accommodate future growth.”
CBRE First Vice President Michael Curran, along with William Krisztal and Nicholas Westley out of CBRE’s Los Angeles South Bay office, represented the seller, TE Connectivity Corporation, during the negotiations while Garrett Rothman of RSR Realtors negotiated on behalf of the buyer.
The two-building office campus is located just off of Interstate 81and is well positioned along the Route 22 corridor, in close proximity to many prominent national and regional retailers.
100 Amp Drive is the larger of the two buildings, 170,000 sq. ft., while 200 Amp drive is approximately 80,000 sq. ft. The campus offers a full-service cafeteria and electric car charging stations, among other amenities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
