Saturday, September 1, 2012

Dollar General, PetSmart buy acres in Berks Co.

Dollar General Corp. and PetSmart Inc. bought 197 acres in separate transactions at Berks Park 78 where the two plan to construct distribution facilities that will employ upwards of 1,000 people. The total price for the land, which is off Exit 13 of Interstate 78 in Bethel, Berks County, was $22.2 million. 
The Berks County Industrial Development Authority assembled 323 acres to create Berks Park 78 and attract users of large distribution centers. Dollar General bought 109 acres for $12.5 million and will construct a 906,919-square-foot regional distribution center. It is scheduled to open in 2014 and employ roughly 500 people. 
PetSmart bought 88 acres for $9.7 million. It will construct an 870,000-square-foot distribution center that can be expanded by 200,800 square feet. The facility also will open in 2014 and employ 500 people. Bill Wolf, Tyson Vallenari and Blake Rasmussen of CBRE brokered the sale for PetSmart.
Two additional land parcels, which can accommodate 712,500 and 150,000 square feet, remain available at Berks Park 78 for build-to-suit sale/lease, individual sale or as a package. The park offers a 10-year Local Economic Revitalization Tax Assistance tax abatement.

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