JP Morgan Chase & Co. has sold the K-Mart Distribution Center at 1475 Nitterhouse Dr. in Chambersburg, PA to Cabot Properties, Inc. for $44.8 million, or about $52 per square foot.
Part of the Chambers-5 Business Park, the single-story, 862,450-square-foot distribution building was constructed in 2001 on 50.1 acres in the Harrisburg Area West Industrial submarket of Franklin County. The property features 59 loading docks, 30-foot clear heights, and its red-striped walls are visible from I-81.
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