Search
 

Susquehanna Grabs Cytec Plant for $9 Per SF

PHILADELPHIA-The 123,500-sf former plastics polymer manufacturing facility on 11 acres in Delano, PA in Schuykill County, which has been on the market for several years, sells for a bargain $1.075 million, or $8.70 per sf.

By Marita Thomas | Updated on December 26, 2002

PHILADELPHIA-Locally based Susquehanna Investors has paid $1.075 million, or $8.70 per sf, for a vacant, 123,500-sf industrial facility in Delano, PA. The seller is West Paterson, NJ-based Cytec Industries, a conglomerate that once used the facility for the production of Fiberite, a polymer used in plastics manufacturing.

The property, located on 11 acres in Schuykill County, has been on the market for several years, John T. Morris, senior sales associate of Wilkes Barre, PA-based Mericle Commercial Real Estate Service, tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.