Cushman & Wakefield of Maryland Inc. announced the sale for an undisclosed price of 4 Center Drive in North East, a 345,600-square-foot industrial building situated on 36.74 acres in the Cecil County Enterprise Zone, just off Interstate 95.
The building, constructed in 1999, is 100 percent leased to the U.S. General Services Administration and Herr Foods Inc., of Nottingham, Pa.
The announcement did not identify the seller, but a C&W flyer advertising the building names First Industrial Realty Trust Inc., a Chicago-based real estate investment trust that owns about 68 million square feet of industrial space in 25 states.
The buyer of the property is New York-based SK Realty, which in 2011 purchased a portfolio of four buildings in the Baltimore and Harford county markets. That transaction was also brokered by Cushman & Wakefield.