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Industrial Plant Gets $18M Office Makeover

HARLEYSVILLE, PA-Having acquired the 132,000-sf former Nice Bearings industrial building for $3.5 million, Corvest will convert it into class A office space.

By Marita Thomas | Updated on January 11, 2007

(To read more on the industrial market, click here.)

HARLEYSVILLE, PA-Corvest Realty Group has acquired the 132,000-sf former Nice Bearings industrial facility at 2060 Detwiler Rd. from Oxford, CT-based RBC Bearings Inc. for $3.5 million. It plans to invest up to $18 million to convert it into a class A office building.

The sale represents a final phase of RBC’s consolidation of its Nice Bearings division, and the building is currently vacant. Neil Shupak and Shelley Wolf Harris of Wayne-based GVA Smith Mack represented RBC in the sales transaction. “Corvest was attracted to the location, which is on prime space near the Lansdale interchange of I-476,” according to Harris.

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