NAI Keystone Commercial & Industrial Represented Brasler Properties in the acquisition of 19 acres in Muhlenberg Twp. Berks County.
Read more via an article by GlobeSt.com shown below.
BY STEVE LUBETKIN
A unit of Brasler Properties, which develops industrial and logistics properties, has purchased 19 acres at 4030 Pottsville Pike, Muhlenberg Township, Berks County, PA. The rail served site has received land development approvals for development of a 278,000 square-foot building, which has been designed in anticipation of manufacturing and logistics uses. It has also been approved for Local Economic Revitalization Tax Assistance incentives.
The land development approval was granted by Muhlenberg Township at the Commissioners meeting last month, pending mutual agreement of a Developers Improvements Agreement.
“Land development approval and our acquisition of the property effectively pave the way for us to begin construction on the site,” says Chris Brasler, CEO of Brasler Properties and principal of Berks61. Preliminary utility relocations have already begun.
“Berks County has been losing business opportunities because we do not have shovel ready sites in the most desirable locations in proximity to our great workforce,” says Pamela J. Shupp, AICP, CEcD, president and CEO of the Greater Reading Economic Partnership. “It’s one of the primary reasons we are excited to work with Brasler Properties who are bringing on line a great ready to go location that is ideal for manufacturing.”
The Route 61 corridor of the Berks County industrial market hasn’t seen a new class A building project for more than 10 years, and vacancy rates for existing stock in Berks County sit below one percent as a result. Conditions throughout the Lehigh Valley are also tight, with overall vacancy at 1.6 percent.
End of Article
to Learn More:
Bryan Cole, SIOR | Principal
NAI Keystone Commercial & Industrial, LLC
875 Berkshire Blvd., Suite 102
Wyomissing, PA 19610