By Clarice King CoStar Research
Burle Business Park, a 1.2 million-square-foot office and industrial campus in Lancaster, Pennsylvania, has sold for $30 million.
Freehold, New Jersey-based Jersey Holdings acquired the 75-acre business campus from Burle Business Park LP, a partnership comprising family members of the individuals who acquired the property in 1987.
Located near U.S. Route 30 at 1004 New Holland Ave., the 16-building Burle Business Park was 90% occupied at the time of the sale to more than 40 tenants, including Intermediate Unit 13, Lancaster General Health, Photonis, Advanced Cooling Technologies and Angelo’s Soccer, among others. The business park is home to over 1,800 employees.
Burle Business Park includes office, flex and warehouse space, loading docks, and heavy floor load capability. Its amenities include 24-hour security, cafeteria, fireside coffee café, conference room, catering service and heavy redundancy electricity.
"BURLE Business Park is one of the premier office and industrial properties in South Central Pennsylvania. With new ownership committed to investing in significant capital improvements, this property will continue to attract high-quality tenants for years to come."
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