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KiernanWest Acquires FedEx Freight Facility in Mount Pleasant

Posted on September 7, 2016 · Posted in News

Carlsbad, CA – KiernanWest announced today that it has recently completed the acquisition of a FedEx Freight facility in Mount Pleasant, Pennsylvania. The 20,200 square foot, 40 door facility sits on nine acres on the Interstate 70 corridor 45 miles east of Pittsburgh. It has an existing lease with five years remaining on the term.

About KiernanWest
KiernanWest, a partnership between The Kiernan Companies and West Partners, is a real estate development firm specializing in build-to-suit projects. The Company, created in 2010, identifies attractive land, in good locations, for high-quality tenants. Upon the completion of construction, KiernanWest maintains ownership of the property and enters into a long-term lease with tenant.

About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $46 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.