Hines Pays $60M for Pennsylvania Industrial Asset

Portman and Rockpoint have successfully completed the forward sale of Covington Logistics Center in Covington, PA! Purchased by @Hines, the 36-acre industrial site is ideally located in one of the Northeast’s most active highway interchanges and features a fully leased 501,600-square-foot facility.

“The Northeast Pennsylvania market continues to attract and support manufacturing, warehouse and distribution entities of all kinds, making it a strategic choice for expanding our industrial development portfolio,” said John Gaskin, Managing Director at Portman. “We are optimistic about the future of this region and look forward to further developments.”

Read more about the sale in Commercial Property Executive: https://www.commercialsearch.com/news/hines-pays-60m-for-pennsylvania-industrial-asset/