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| New Hudson Facades is building a new manufacturing plant on this site in Delaware County |
New Hudson Facades has acquired 13 acres in Linwood, Pa.,
for about $2.5 million and plans to construct an estimated $15 million,
180,000-square-foot manufacturing plant.
The company will employ 168 people at the facility once
it's up and running.
The parcel is at Columbia Avenue and Blueball Avenue in
the Chichester Business Park. Steve Italiano of Italiano Commercial Real Estate
represented the seller and developer of the project. Paul French of Avison
Young represented the buyer. The sale of the ground closed in the fall but the
transaction is just coming to light now when, in the waning days of the Gov.
Tom Corbett's administration, disclosed that the Pennsylvania's Department of
Community and Economic Development arranged a financial package for New Hudson
Facades.
New Hudson was given a $500,000 Pennsylvania First
Program grant, $504,000 in Job Creation Tax Credits, a $75,000 WEDnetPA grant
to train its workforce, and a $2 million loan from Pennsylvania Industrial
Development Authority. The company can also seek a nearly $2 million
low-interest loan from the state's Machinery and Equipment Loan Fund.
New Hudson Facades is a joint venture
between Related Cos., a real estate development company, and M. Cohen and Sons
Inc., a Delaware County maker of curtain wall systems used in the construction
of new buildings. New Hudson Facades will provide its product for
Related's development projects including its 17-million-square-foot project at
Hudson Yards in New York.
Source: Philadelphia
Business Journal
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