CoStar Group - February 8, 2006
JP Morgan purchased the Kmart distribution center at 1475 Nitterhouse Drive in Chambersburg, PA, from Nitterhouse LLP for $53.2 million, or about $61.50 per square foot. Built in 2001, the distribution center is a single story, 862,450-square-foot warehouse with a 30-foot clear height and 59 loading docks. The building is fully leased to Kmart through August 2016 on a triple net lease. Cushman & Wakefield's James P. Vessey, James Sheehan, Jerome Kranzel, Stephan Cooper and Jeffrey Williams represented both parties.
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Wednesday, February 08, 2006
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