DEP building on Elmerton Avenue sold for $7.3M
Elmerton 909 LP, a Dallas-based investor, has purchased the 13.3-acre property leased by the state Department of Environmental Protection in Susquehanna Township for $7.3 million, according to Lemoyne-based RSR Realtors, who brokered the deal.
The 73,101-square-foot building sits on 13.3 acres. Photo/Submitted
The 73,101-square-foot building at 909 Elmerton Avenue — home to DEP’s Southcentral Regional Office — was purchased from Berks County-based New Morgan Municipal Authority, according to county property records.
The transfer will provide an estimated $160,000 in annual real estate tax revenue to the township, school district and county, according to RSR.
DEP has a long-term lease and will remain in the three-story building, which was constructed in 1998, according to RSR. The agency chose the location because of its brownfield designation and had the building constructed to Leadership in Energy and Environmental Design, or LEED, certification standards.
Elmerton 909 LP plans to make improvements to both the building and the surrounding landscaping, according to RSR.
Courtesy of the Central Penn Business Journal. Read the full article here: