READING, Pa. \u2013 24 acres of land in Berks County have been sold to a development, The Greater Berks Development Fund (GBDF) announced Wednesday.<\/p>\n
The land has been sold to C&B Development LLC, (C&B), Wyomissing, according to officials.<\/p>\n
The parcel of land, which GBDF purchased in 2018 with the purpose of providing industrially zoned land for business attraction and growth, is located on Van Reed Road in Bern Township, according to a news release.\u00a0<\/p>\n
Property records show C&B bought the land for 2.6 million dollars and sold it to another developer for more than 5 million.\u00a0<\/p>\n
Officials say that the construction of a 221,000-square-foot building on the site has been fully approved by all entities and construction is expected to start in the spring.<\/p>\n
\u201cIt has been a pleasure working with the GBDF team over the past few years. This has been a complicated project that required quite a bit of collaboration, and we are very appreciative of GBDF\u2019s support,\u201d said Matt Close, C&B Development LLC Partner. \u201cWe believe this project will be very beneficial to the community and we are proud to invest in Berks County. We hope to continue to collaborate with GBDF on future opportunities.\u201d<\/p>\n
Previous sales from the GBDF\u2019s 100-acre holdings in and around Van Reed and Leisz\u2019s Bridge Roads include G&T Foam, UGI Utilities, Inc. and Mid-Atlantic Interstate Transmissions, LLC, the news release said.<\/p>\n
An 8-acre and an 11-acre parcel remain available for sale, according to officials.\u00a0<\/p>\n
\u201cWe are pleased to have worked with C&B on this transaction. As a local developer, we were confident that C&B would successfully navigate the required review processes, ensuring an impactful project. This investment signals continued confidence in Berks County as an attractive location for business growth,\u201d said Debra L. Millman, GBDF President.<\/p>\n
C&B is also looking to buy the 50-acre Dana South site in Northwest Reading.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"READING, Pa. \u2013 24 acres of land in Berks County have been sold to a development, The Greater…\n","protected":false},"author":2,"featured_media":135991,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[214,279,128,130,129,213],"class_list":["post-135990","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-_homepage_top_stories","tag-berks","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news","tag-reading-area"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/135990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=135990"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/135990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/135991"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=135990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=135990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=135990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}