Carpenter Technology Enters into Agreements on Former Dana Property

WYOMISSING, Pa., Feb 24, 2012 (BUSINESS WIRE) — Carpenter Technology Corporation announced today that it has entered into contractual agreements with Reading Industrial Complex that gives Carpenter the ability to purchase approximately 50 acres of land, including four buildings, on the former site of Dana Corporation’s Reading operations for a total consideration of approximately $6 million.

The site is located at W. Robeson and Weiser Streets, adjacent to Carpenter’s East Shore property. The vast majority of the property is land. There are four existing buildings on the site with overall square footage exceeding 355,000 square feet. The two largest buildings are 174,311 sq. ft and 122,914 sq. ft. The remaining land (approximately 40 acres) provides opportunity for future growth. As Carpenter prepares to develop the property, much emphasis will be placed on improved plant flow and continued investment in current capabilities.

Today’s announcement reinforces Carpenter’s ongoing commitment to the City of Reading and Reading manufacturing operations. Current Reading-based investment projects total approximately $125 million.

Source: Carpenter Technology/Market Watch

For More Information about industrial real estate in Reading visit www.Bryan-Cole.com

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For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities. visit www.Bryan-Cole.com

- Bryan E. Cole
NAI Keystone Commercial and Industrial
www.Bryan-Cole.com
Bcole@naikeystone.com

NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; representing buyer, tenant, and landlord representation throughout Pennsylvania.

New Retail/Office Investment Listing – Cross Keys Office/Retail Center

NAI Keystone’s Bryan Cole is pleased to offer the Cross Keys Retail-Office Center for Sale or Lease. The property consists of two buildings totaling 20,250 sf.

The lot contains a surface parking lot for approximately 100 cars and is 3 +/- acres. There are currently two suites available in the center, a 1,685 sf suite and a 6,000 sf suite.

The building(s) contain 8 total units, all of which are separately metered and contain front and rear access. Water and Sewer are public and served via Ontelaunee Township.

Please note: This property could be purchased as a single asset or part of a 3-4 property portfolio. The main portfolio consist of a 21,000 sf. Flex Building, 20,250 sf. Office/Retail Center, and a 5.13 acre lot fronting Rt. 61 which could be divided for various users.

The property is located at the interchange of Rt. 222 and Rt. 61. The site has access from huller lane which is a lighted intersection just off the main bypass.

The site is situated in Ontelaunee Township; which is 7 minutes North of Reading, 5 Minutes NE of Muhlenberg and 5 Minutes West of Wyomissing.

The area consists of a mixture of light industrial, storage units, small office, and educational learning centers.

 

OM – Cross Keys Office & Retail Facility.pdf

 

For additional information please visit www.Bryan-Cole.com or email us at Bcole@naikeystone.com

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole

NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

Check out my new website at www.Bryan-Cole.com

New Investment Listing – Cross Keys Flex Facility

NAI Keystone’s Bryan Cole is pleased to offer the Cross Flex Facility for Sale or Lease. The property consists of two buildings totaling 21,000 sf.

The site contains a 2.71 acre lot with fenced parking in the rear of Building 2. There is a 4,800 sf. suite currently for lease along with a suite that is contiguous currently occupied by the landlord allowing the total potential available space at 6,300 sf. The building(s) contain 12 total units, all of which are separately metered and contain front and rear access along with 16′ ceilings and an overhead door.. Water and Sewer are public and served via Ontelaunee Township.

Please note: This property could be purchased as a single asset or part of a 3-4 property portfolio. The main portfolio consist of a 21,000 sf. Flex Building, 20,250 sf. Office/Retail Center, and a 5.13 acre lot fronting Rt. 61 which could be divided for various users.

The property is located at the interchange of Rt. 222 and Rt. 61. The site has access from huller lane which is a lighted intersection just off the main bypass. The site is situated in Ontelaunee Township; which is 7 minutes North of Reading, 5 Minutes NE of Muhlenberg and 5 Minutes West of Wyomissing. The area consists of a mixture of light industrial, storage units, small office, and educational learning centers.

OM – Cross Keys Flex Facility.pdf

 

For additional information please visit www.Bryan-Cole.com or email us at Bcole@naikeystone.com

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole

NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

Check out my new website at www.Bryan-Cole.com