TradeLane Properties has purchased 4782 Muhlhauser Road, a multi-tenant industrial building totaling 126,066 square feet located in West Chester. Constructed in 1985, this free-standing industrial building is situated on 7.88 acres and features nine dock high doors (expandable), 23-foot clear height, three drive-in-doors, 1,600 amps of power, 105- to 125-foot truck court depth and 148 auto stalls.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment was 45% occupied at the time of closing and 100% leased eight days from closing. As part of its value-add investment strategy, TradeLane Properties will perform significant asphalt and concrete improvements, full exterior building paint, major landscape upgrades and interior renovations.
The acquisition of TLP 4782 Muhlhauser is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Leasing, Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Chuck Ackerman with Colliers International, Barack Ferrazzano Kirschbaum & Nagelberg LLP and Wintrust Bank for their assistance in this transaction.