JLL closes sale of Hamburg Logistics Center

PHILADELPHIA, Sept. 23, 2024 – JLL Capital Markets announced today the sale of Hamburg Logistics Center, a Class A, 518,140-square-foot warehouse and distribution facility in Hamburg, Pennsylvania.

JLL represented the seller, a joint venture between Transwestern Development Company and QuadReal Property Group, while PCCP, LLC purchased the asset.

With a 40-foot clear height, cross dock loading format, ESFR sprinkler system, LED lighting, 54- by 53.9-foot column spacing with 60-foot speed bays and a 185-foot truck court, the property ensures high efficiency and performance. Additionally, it offers ample loading capacity with 100 dock doors, four drive-in doors, abundant car and trailer parking and existing speculative office space. Hamburg Logistics Center was vacant at the time of sale.

Located at 3501 Mountain Road, Hamburg Logistics Center provides connectivity to the region’s distribution infrastructure and connectivity to major population centers. Its prime location provides direct access to I-78, the largest FedEx Ground Hub in the United States, Newark International Airport, the Ports of New York and New Jersey and the population hubs of Philadelphia and New York City.

The JLL Investment Sales and Advisory team was led by Senior Managing Director John Plower, Director Ryan Cottone and Associate Zach Maguire alongside their partners on the industrial brokerage team led by Jeff Lockard and Paul Torosian. Furthermore, Senior Managing Directors Chad Orcutt, Jon Mikula and Jim Cadranell placed acquisition financing on the property on behalf of PCCP.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Transwestern Development Company (TDC®) creates value through the execution of development projects for itself, its partners and valued clients throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $7.1 billion.

The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $77.6 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments.  PCCP has $23.8 billion in assets under management on behalf of institutional investors as of March 31, 2024.  With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 26-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements.  PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $41.0 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.