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.

Philadelphia-based Binswanger/CBB is an international, full-service real estate organization.

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