Packaging Corporation of America Leases 220,000 sf. In Reading PA.
Packaging Corporation of America announced on September 21, 2011 that it will expand in the Commonwealth of Pennsylvania by opening its new manufacturing facility next month.
NAI Keystone Commercial & Industrial’s Steve Willems & Bryan Cole completed the 220,875 SF long-term industrial lease transaction at Premium Business Center, 171 Tuckerton Rd., Reading, PA
in September 2010.
The leased facility is expected to create fifty new, full-time jobs within three years of opening. Commenting on the investment, Thomas A. Hassfurther, Executive Vice President, said, “Our decision to expand in Southeastern Pennsylvania is a testament to the dedicated employees of the region. Our investment in additional corrugated products capacity was driven by customer demand. Expanding our network of plants in this region reinforces our commitment to continue providing outstanding quality and superior service to our customers.”
PCA has worked in conjunction with the Governor’s Action Team, the Pennsylvania Department of Community and Economic Development, and the Berks Economic Partnership, and the leadership at Muhlenberg Township on this project and looks forward to a continued partnership with the Community and the Commonwealth. PCA is the fifth largest producer of containerboard and corrugated packaging products in the United States with sales of $2.44 billion in 2010. PCA operates four paper mills and 68 corrugated product plants in 26 states across the country.
The PremiumBusinessCenter, owned and managed by The Endurance Group & Brasler Properties, is now fully leased.
NAI Keystone Commercial & Industrial, which maintains a prominent market share in Berks and Schuylkill Counties, Pennsylvania, specializes exclusively in commercial and industrial properties.
For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com
Bryan E. Cole | Senior Associate
NAI Keystone Commercial & Industrial, LLC
Check out my new website at www.Bryan-Cole.com
NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and with the association of our global partners we can assist in locating product throughout the country.