Hamilton’s American Metro Center sells for $84.7M, CBRE says

The former American Standard manufacturing facility in Hamilton, now an office property, has sold for $84.7 million, according to real estate firm CBRE.

The repurposed property — now called American Metro Center — takes advantage of the historic design to give tenants features including exposed brick, high ceilings and expansive windows, CBRE said in a news release. The property was sold by an undisclosed party to the Birch Group.

“This is our second deal with the Birch Group,” CBRE’s Jeffrey Dunne said in a prepared statement. “Mark (Meisner) also purchased 350-360 Mt. Kemble from our team in 2018, and we anticipate many more. Mark worked hard to get over the finish line, and we are confident he will be successful at AMC.”

CBRE’s Institutional Properties team working on the transaction included Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer and Zach McHale. They represented the seller and procured the buyer, with assistance from the CBRE leasing team of Adam Englander and Matt Saker.

Meisner, principal with the Birch Group, said: “From the first time I walked into the building, I was intent on acquiring this unique asset. I look forward to building on AMC’s past success by enhancing the amenity offerings and driving future leasing.”