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Local Bank Sells Lancaster, PA Property for $10.9M

by thiryj

CoStar reports:  Union National Community Bank Sells Lancaster Property for $10.9M.  Dept. of General Services Acquires 63,000-SF Bldg.  Union National Community Bank sold the 360 seat acoustical auditorium building in Lancaster, PA to The Pennsylvania State Department of General Services for $10.9 million, or approximately $173 per square foot.The 63,000-square-foot building was built in 2008 in Lancaster County submarket, and was 94 percent occupied at the time of sale.  The seller closed this location after the company went bankrupt.  The buyer chose this property so they could have a downtown presence.  The property will be used for additional classrooms and community events.

via Union National Community Bank Sells Lancaster Property for $10.9M – CoStar Group.

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