One Liberty Acquires PA Industrial Hub for $53.5M

One Liberty Properties, Inc. has completed the acquisition of a substantial industrial property in Sewickley, Pennsylvania, for $53.5 million. This 397,440 square foot, six-building complex is currently 93% leased to 16 diverse tenants, including major companies like Amazon and Linde Gas, contributing approximately $3.4 million in aggregate annual base rent.

The strategic purchase adds immediate critical mass in a high-barrier submarket within the Pittsburgh metropolitan area. This acquisition is part of One Liberty's ongoing industrial-focused transformation strategy, with $188.8 million in industrial acquisitions completed year-to-date in 2025, a fivefold increase compared to their average pace over the prior five years.

Financed with cash and a $32.4 million mortgage, the deal underscores a significant inflection point for the company. The strong tenant roster and potential for rent growth are expected to enhance the portfolio's overall performance and diversification.