Fiberspar building sold for $19.2 million

JOHNSTOWN – A 166,000-square-foot building that houses Fiberspar Corp. has sold for $19.2 million, according to a release from CBRE.

Fiberspar has a long-term lease on the building and will continue to occupy it for the foreseeable future, according to Mike Eyer of CBRE, one of the lead brokers on the transaction.

The building is located at 3600 Ronald Reagan Boulevard in Johnstown. It was purchased by a New York-based real estate investment trust at the end of 2013, Eyer said.

SPONSORED CONTENT

Select your Republic Services residential cart now!

In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.

Loveland-based developer McWhinney constructed the building in 2012 to house Fiberspar, which manufactures fiber-reinforced piping for the oil and gas industry.

At the time, McWhinney worked with rail company OmniTrax to build a rail spur that connects the facility to a Union Pacific-Burlington Northern Santa Fe interchange.

CBRE brokers Kyle Lundy, Julius Tabert and Jon Rue were also involved with the transaction.