1788 Holdings Completes $8.25 Million Disposition Of 59,050 Square Foot Industrial/Warehouse Building In Harrisburg, Pa

During six-year hold period, real estate investment firm retenanted 1400 Hagy Way to elevate occupancy of building and adjacent 30,000 square feet of IOS land to 100 percent

Falls Church, VA (September 16, 2026) - An investment affiliate of 1788 Holdings, LLC has completed the $8.25 million disposition of 1400 Hagy Way, a Harrisburg, Pennsylvania property containing a single-story 59,050 square foot industrial/warehouse building, as well as an adjacent 30,000 square foot Industrial Outside Storage (IOS) parcel to a private buyer. CBRE's Kevin Foley, Brian Pfohl and Austin Wolitarskyrepresented 1788 Holdings, a privately-owned real estate investment firm which owns and manages a national commercial real estate portfolio spanning 13 states, with a market value exceeding $250 million.

1788 Holdings acquired the asset, which was substantially-leased to two tenants, in 2020. The following year, one of the tenants experienced a business downturn due to the impact of the COVID pandemic. A second tenant missed its renewal option which provided the owner with the opportunity to recapture the space when that lease expired. Concurrently, a building supply firm, Capitol Building Supply, which was leasing space in a nearby 1788 Holdings property, expressed a need for larger accommodations which were more suitable for its long-term needs. After arranging a lease buy-out with the tenant which was looking to downsize, the Capitol Building Supply subsequently leased the entire 59,050 square foot building, as well as the 30,000 square foot IOS land parcel.

"Our team's creative marketing and leasing strategy, fueled by the strong relationships we have established with Harrisburg-area tenants, delivered practical real estate solutions to multiple parties," stated Larry J. Goodwin, Principal, 1788 Holdings. "The resulting transactions significantly improved the property's lease economics while creating a viable path to market the asset as an investment-grade, single-tenant net leased property to the 1031 investment market. This forged an outcome with a substantially more attractive result for our investor group than the previous circumstances initially suggested."

Delivered in 1993 and renovated by 1788 Holdings in 2023, 1400 Hagy Way is equipped with 22-foot ceiling heights, 10 dock-high doors, and four drive-in, grade-level doors. The building backs up to N. Cameron Street (PA Route 22) and is adjacent to Interstate 81 and less than 13 miles from Harrisburg International Airport.

"Rather than allowing unfavorable markets to dictate an unsatisfactory result, we proactively and aggressively managed the situation to our advantage, and delivered the best possible outcome for all parties involved, including our investors," Goodwin added.

1788 Holdings focuses on the identification, acquisition, asset management oversight, and repositioning of industrial/warehouse and Industrial Outside Storage properties located in primary and secondary markets throughout the country. The Northern Virginia-based group owns and manages approximately 40 assets, comprising more than two million square feet of space - including 88 IOS acres - with a market value exceeding $250 million.

"Our investment thesis emphasizes the identification and acquisition of opportunities which provide operational value creation and market repositioning among Class B and C light industrial and IOS assets in selected Class A locations throughout the country," Goodwin said. "Recent acquisition and disposition activity, coupled with access to ready capital and local real estate knowledge, has further substantiated our position as a preferred and proven counterparty. 1788 Holdings is backed by an agile team with the resolve and capital to take advantage of economic and market conditions to the benefit of our investment partners."

1788 Holdings, LLC is a Northern Virginia-based commercial real estate investment and management with more than $250 million of Assets Under Management (AUM). Founded in 2010, the company has substantial experience and an established track record in deal sourcing, underwriting, financing, asset management and disposition. Visitwww.1788holdings.com