One Liberty Properties Completes Purchase of a Six Building Multi-Tenant Industrial Property for $53.5 Million
One Liberty Properties has acquired a major industrial portfolio in Sewickley, Pennsylvania, for $53.5 million. The deal, announced on December 22, 2025, adds six multi-tenant buildings to the company’s holdings. President and CEO Patrick J. Callan, Jr., confirmed the purchase as part of a broader expansion strategy.
The newly acquired portfolio spans 397,440 square feet and is currently 93% leased. Tenants include well-known firms such as Amazon, Linde Gas, The Macomb Group, and Safelite Fulfillment. The weighted average remaining lease term stands at 3.3 years, providing stable income for the near future.
The properties generate around $3.4 million in annual base rent. Additional growth is expected as vacancies are filled and leases renew at market rates. One Liberty Properties financed the deal with cash and a seven-year, $32.4 million mortgage at a 5.45% interest rate. This acquisition follows a year of significant activity for the company. In 2025 alone, One Liberty completed $188.8 million in transactions—over five times its average annual pace from the previous five years. The purchase also brings operational efficiencies and strengthens the company’s industrial tenant base.
The Sewickley portfolio expands One Liberty’s industrial footprint while securing long-term rental income. With a mix of established tenants and room for future rent increases, the acquisition aligns with the company’s growth objectives. The financing structure ensures manageable debt while maintaining liquidity for further investments.
