Quad Property Group, a New York–based real estate investment firm, has entered the Pennsylvania market with the acquisition of a 64,000-square-foot industrial property at
1830 S. 19th Street in Harrisburg for $5.55 million, the firm announced.
The acquisition marks Quad Property Group’s first investment in Pennsylvania and its initial industrial purchase in the region. The seller was represented by Jason Grace, CCIM, SIOR, CEO and Managing Principal of Landmark Commercial Realty.
The property is located in Swatara Township, within an established industrial corridor, and offers access to Interstates 76 and 83. The building is fully leased to CED Electric and Ascendance Trucks.
“This property offered a unique combination of durable tenancy, functional industrial space, and exposure to a market benefiting from substantial infrastructure and data center investment,” said Jariel Bortnick, Principal at Quad Property Group. “We are encouraged by the scale of development activity underway in the Harrisburg area, which we believe will continue to drive long-term demand for industrial real estate.”
Quad Property Group cited ongoing data center construction and infrastructure investment in Central Pennsylvania as key drivers supporting the region’s growing role as a logistics and employment hub.
“This acquisition reflects our disciplined approach to growth and our interest in markets with strong fundamentals and durable demand drivers,” said Justin Brindger, Director of Industrial Acquisitions at Quad Property Group.
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About Quad Property Group
Quad Property Group is a New York–based real estate investment firm focused on the acquisition, redevelopment, and management of commercial real estate assets.
About Landmark Commercial Realty
Landmark Commercial Realty, established in 1988, is a full-service commercial/industrial brokerage firm headquartered in Harrisburg, Pennsylvania with a focus on the South-Central Pennsylvania region. Serving more than 200 markets globally, Landmark is a member of TCN Worldwide with more than 1500 brokers and salespeople. For more information, click here.