Saturday, December 15, 2007

Iron Mountain buys Royersford building from Wetherill

Data storage company Iron Mountain Inc. bought a 225,000-square-foot building for $12.3 million in Royersford, Pa., and plans to eventually use the entire structure.

The company (NYSE:IRM) bought the building from Wetherill Associates, a Royersford company that makes aftermarket auto parts, according to Cushman & Wakefield, which arranged the transaction.

The facility had served as Wetherill's corporate headquarters and distribution facility. Wetherill continues to lease a portion of the building and has relocated its distribution facilities to Memphis. Iron Mountain, which had already been leasing space in the building, plans to grow into it. Iron Mountain maintains its regional headquarters in 90,000 square feet in nearby Collegeville, Pa.

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source: bizjournals.com

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