The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the disposition of a 110,000-square-foot industrial property located at 110 Thousand Oaks Boulevard in Morgantown, Pa. The sale was made to Consolidated Graphics, Inc., a publically-traded commercial printing company headquartered in Houston, Texas.
Situated on more than seven acres, the attractive, brick, industrial building sits on a well-landscaped parcel conveniently located near major roadways with easy access to and from the Morgantown Exit off of the Pennsylvania Turnpike. The property features 30,000-square-feet of office space, 80,000-square-feet of warehouse space, 200 parking spaces, 10 loading docks, and two roll down doors.
“The building’s convenient location and its ample and versatile space, served as deciding factors in the buyer’s decision,” said Patricia Krasowski, an investment manager for The Hampshire Companies. “Consolidated Graphics, Inc. purchased this property with intentions to consolidate two of its existing facilities located in eastern Pennsylvania, and the building was an ideal match for the company’s specific needs.”
Timothy Brogan and Timothy Pennington from Grubb & Ellis, Inc. represented The Hampshire Companies, while Pete Pitroff of Jones Lang Lasalle’s Charlotte office represented the buyer.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
About Consolidated Graphics
Consolidated Graphics, Inc. (CGX), headquartered in Houston, TX, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto and Prague, and a presence in Asia, CGX offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization. Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world’s largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results. For more information, visit cgx.com.
Contact
Tiffany Miller
R&J Public Relations
908-722-5757
tmiller@randjpr.com