has also specialized in the sale of land for development, including properties
for Industrial Use. Through our more than 35 years of experience working with
industrial development clients, we have found a niche working with select buyers
to find specialized sites to meet their needs. These select buyers are very
well capitalized and their financial capabilities set them apart from the crowd.
After identifying our clients' needs, we often approach property owners of land
or buildings with the best locations in the market. In some instances, these
owners were not necessarily looking to sell; however, we have often convinced an
owner to at least explore the possibilities and talk to our buyers. In many of
these situations the owners have been pleasantly surprised and a meeting has
resulted in a deal.
In the past few years due to market conditions and a
slowdown in new construction, we have evolved further to expand our search for
our clients to existing Industrial buildings, especially Warehouse Distribution
facilities. Our buyers regularly are looking for any opportunities to purchase a
warehouse facility, whether it is occupied or vacant or a Sale Lease back
opportunity. We have found that a sale/lease back can be a win-win for both
sides in the transaction. The buyer gets a sound investment with a good tenant.
The seller gets a large infusion of cash without significant impact on their
day-to-day operation. Our buyers are flexible and willing to tailor each
transaction to fit the needs of the seller/tenant.
We have had several
notable Industrial sales over the years. We sold a 143 acre tract of land
fronting on route 22 in Hanover Township, Lehigh County, just south of the
Lehigh Valley Airport to Lucent Technology. In Lebanon County, we worked closely
with several economic development groups as well as Norfolk Southern Rail Road
to put together the sale of a 125 acre site with rail to Elk Shingle, who built
a shingle manufacturing facility on the site which employs over 500 people. In
the Carlisle area, we sold a 90 acre site to Trammel Crow to develop a 1.2
million sq. ft. Warehouse Distribution facility. We also sold another tract in
the Carlisle area containing 150 acres which is currently being developed into
over 2 million sq. ft. of Warehouse Distribution facilities. Currently we are
working on the development of several sites in Pennsylvania and in New Jersey as
well as the sale of several large Warehouse Distribution facilities.
New Pennsylvania Realty, Inc.
103 Mush Dahl Road
NEW RINGGOLD, PA 17960
Copyright © 2004 New Pennsylvania
Realty, Inc. All rights reserved.
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