December 30th, 2019
Wilton, CT – Burton Real Estate (BRE), an industrial real estate investment company headquartered in Wilton, CT, has purchased 984 Marcon Blvd in Allentown, PA for $4.15 million or roughly $83 psf. BRE, in partnership with VanRock Properties, acquired the 50,000 SF fully-leased facility from the Morris Black ownership group. Morris Black, a staple in the Allentown community for over 100 years, will remain as the primary tenant in the property. Joe Burton the president of BRE said “The Allentown market has a robust and growing industrial footprint. The combination of a strong well-known tenant committed to the market along with the opportunity to expand our portfolio into Allentown were two of the many factors driving this purchase. ”
About Burton Real Estate
Burton Real Estate is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties in the United States.
About VanRock Properties
VanRock Properties is privately held real estate firm specializing in the management, consulting, repositioning and development of properties ranging all asset classes and varying sizes. For more information please visit http://vanrockproperties.com