LEHIGH VALLEY, Pa., June 22, 2010 (GLOBE NEWSWIRE) -- The Garibaldi Group has announced that Pritzker Realty Group and Higgins Development Partners sold a 602,500 square-foot building located at 1700 Ritner Highway in Carlisle, PA to Hillwood Investment Properties. The building is on a 46.3 acre parcel and is conveniently located just one mile off of Rte 81 in central Pennsylvania. The facility was 100% vacant at the time of the sale. The developer of the property, Higgins Development Partners is based out of Chicago, IL and delivers comprehensive real estate development services to a wide range of clients throughout the U.S. and Canada. The buyer of the property, Hillwood Investment Properties, Dallas, TX, is a commercial real estate developer, investor and advisor of high-quality real estate projects serving seven other U.S. markets besides Pennsylvania. "In one of the toughest real estate climates in recent history, we are very proud that we can help these two organizations on such a significant transaction," said Jerry Moore, Managing Director of The Garibaldi Group. Moore, along with his colleagues, Michael Bartolacci, Senior Vice President of The Garibaldi Group and Gerald Bower, Vice President, brokered the transaction.
About The Garibaldi Group
The Garibaldi Group is a full-service, global real estate firm now in its tenth decade of operation. With offices in Chatham, New Jersey, as well as in Lehigh Valley, Pennsylvania, the firm's extensive services include real estate consulting and brokerage services, financial services, lease administration, project management/development and property/construction management.
The Garibaldi Group is a member of CORFAC International, an organization of leading, privately-held, entrepreneurial commercial real estate firms serving 100 major markets in North America, and internationally through its King Sturge CORFAC International alliance.
For more information, please contact The Garibaldi Group/CORFAC International at 973-635-0303 or visit www.garibaldi.com.
About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 21st year in 2010. U.S.-based CORFAC (Hollywood, FL) is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, Rios Commercial in Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com or visit http://www.corfac.com/">www.corfac.com.