Wednesday, March 8, 2017

Kraft Heinz Sells Allentown Food Manufacturing & Distribution Bldg for Redevelopment

The Kraft Heinz Company sold the Kraft Heinz Food Manufacturing & Distribution building at 7352 Industrial Blvd. in Allentown, PA for $36.49 million to Ridgeline Property Group LLC.

The 907,160-square-foot industrial building was built in 1972 in the Lehigh Valley Industrial submarket.

The former condiment manufacturing facility is set for demolition in March, with the new owner planning to redevelop the 91.9-acre lot into a class A distribution center comprised of two buildings totaling 1.46 million square feet. The project is being billed as the Park 100 Logistics Center, with construction set to begin in summer 2017.

www.omegare.com

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