Avison Young markets 853,611-sf industrial portfolio in Irvine, PA
January 4, 2024
Two-building campus; 80% occupied
Chicago, IL – Avison Young has been exclusively retained to market a 853,611-square-foot (sf) industrial portfolio at 100-200 Marray Drive in Irvine, PA. The two-building campus was recently transitioned from a single user ecommerce fulfillment facility to a multitenant property and is being delivered 80% occupied with new tenants: Cummins, Inc., Whirley Industries, and USA Medical Supplies.
The Avison Young team bringing the property to market includes Erik Foster, Principal and Head of Industrial Capital Markets, and Mike Wilson, Principal, both located in the firm’s Chicago office. Brad Totten, Principal and Managing Director of Avison Young’s Pittsburgh office, is providing market support.
“Demand for high-quality industrial property across the country remains robust and the portfolio in Irvine represents a strong investment with strategic opportunity and attractive in-place cash flow with substantial upside,” said Foster.
The facilities offer optimal configurations which can accommodate a wide variety of tenancy. In the past 18 months, the portfolio has leased 679,689-sf to the various tenants.
The institutional-grade facilities offer high bay sections, fully air-conditioned warehouse, very heavy power capabilities, 59 dock doors with 7 ground-level doors, and headquarters-quality office space.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.