MUHLENBERG TOWNSHIP, PA—Berks61, 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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.