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A partnership between Benchmark Real Estate and Regal Ventures has acquired an 85,053-square-foot industrial building in Easton, Pennsylvania, the companies said.
The new owners plan a 70,000-square-foot expansion of the triple-net lease property, according to the announcement. The acquisition Benchmark Real Estate is based in New York. Regal Ventures operates from Lancaster, Pa.
The two firms joined to acquire the Easton site in Pennsylvania's Lehigh Valley. The release provided no purchase price or financial terms. The property is held under a triple-net lease.
The announcement did not name the tenant, disclose the lease rate, or identify the remaining lease term.
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