Auto-part engineering co. dumps industrial digs

Binswanger/CBB negotiated the sale of a 1 million-square-foot building in Reading, Pa.

The value of the transaction was not disclosed.

The 87-acre property is located at Robeson and Weiser streets.

The seller, Toledo, Ohio-based Dana Corp., is involved in the design, engineering and manufacture of a full line of products and systems for automotive, commercial and off-highway vehicles.

The buyer, Reading Properties LP, is part of Industrial Investments of Ambler, Pa. It intends to lease out this property.  more...

Advantis/GVA arranges Maryland deal

Advantis Real Estate Services Co., a partner in GVA Worldwide (Advantis/GVA), brokered the recent sale of 9 West Watkins Mill Road in Gaithersburg, Md. 

The value of the transaction was $25.6 million.

The property, constructed in 1999, is a two-story laboratory facility located off Clopper Road. The building, which was 100 percent vacant at the time of sale, contains approximately 88,024 square feet of rentable space of which a combined 44 percent is laboratory and 12 percent is Vivarium space.  more...

Hampshire Cos. buys office park

The Hampshire Cos. purchased the Preston Hill Office Park, a 118-acre corporate park located in Middlebury, Connecticut. The park features the 318,000-square-foot corporate headquarters facility of Crompton Corp., a New York Stock Exchange-listed company that is a global marketer of specialty chemicals, polymer products and processing equipment.

The value of the transaction was not disclosed.

The property was acquired from Massachusetts-based developer Winstanley Enterprises.  more...