Aircraft-parts builder sells off space

Developer sinks money into East Coast digs

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Binswanger negotiated the sale of two industrial buildings in Rock Hill, S.C., totaling 458,500 square feet. The value of the transaction was not disclosed. Located in the Rock Hill Industrial Park, Silagi Development and Management purchased the property, which includes: 1953 Langston St., a 277,000-square-foot, one-story building featuring 10,000 square feet of modern office space; 21 dock-high doors and three drive-in doors; compressed air; and rail served by Norfolk Southern. 500 Linkwood Road, a 181,500-square-foot, one-story building featuring 5,500 square feet of modern office space; 16 dock-high doors and two drive-in doors. Thousand Oaks, Calif.-based Silagi plans to refurbish the buildings before leasing. The seller, Florida-based Associated Aircraft Manufacturing and Sales Inc., specializes in the manufacture of airframe and avionic systems and components; repair and refurbishing; and also maintains an extensive parts inventory. Philadelphia-based Binswanger is an int...