FAIRYWOOD, Pa. — Amazon.com Inc. may continue to scour the region to add new distribution space to meet the seemingly insatiable demand for its e-commerce business, but as it does so, the company’s first sortation center in the region, a 510,000-square-foot building at 2250 Roswell Drive in Fairywood, has sold for what’s expected to be a record price for a mature industrial property.
Peter Narog, a principal of Houston-based Aminim Group, confirmed that his company has bought the Roswell Drive property, a complex in which Amazon occupies a little more than 252,000 square feet and a company called Nogin, which bought the locally founded ModCloth last year, takes nearly 258,000 square feet.
Narog said his company bought the long-established distribution facility for a price of $53.8 million, buying it from Philadelphia-based HaydenMaguire Real Estate Funds.
Click here to read more from the Pittsburgh Business Times.
TRENDING NOW:
©2022 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/XCUXZC2XYZHCRGNNGKFEX6U3LQ.png)
