EQT Exeter has paid $7.65 million for 300 S. Gulph Road, a 43,376-square-foot warehouse in King of Prussia. 

The property was sold by Long Road Associates LP, according to Montgomery County property records. The last time it traded was in 2003 when Long Road bought it for $1.46 million. 

The building, which was developed in the early 1970s, sits on 4.46 acres and is less than a mile from Route 202, the Pennsylvania Turnpike and Schuylkill Expressway. It is occupied by Lansing Building Products. 

Last year, Lansing bought the distribution business of Harvey Building Products, a Waltham, Massachusetts, company that had been the previous occupant of 300 S. Gulph. When the two companies combined, it gave Lansing 113 branches across 35 states and total sales of $1.1 billion in 2019. 

*Article courtesy of Philadelphia Business Journal

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