Lancaster PA Commercial Real Estate » Industrial

Sechan Electronics awarded $78M in DOD contracts

thiryj — Thu, 22 Dec 2011 14:36:50 +0000

CPBJ reports: Sechan Electronics Inc. in Lancaster County on Monday was awarded a $64.2 million contract by the U.S. Navy, according to the U.S. Department of Defense.

The Warwick Township-based company will produce signal data processor-Sierra systems and provide engineering support services for the Navy’s Cooperative Engagement Capability program, according to a statement.

The program provides regular sensory data tracking for early detection of air threats, according to a news release.

Sechan Electronics awarded $78M in DOD contracts – Central Penn Business Journal.

Bedding Manufacturer Signs 10-Year Lease in Philly

thiryj — Tue, 11 Oct 2011 05:41:33 +0000

CoStar Reports: Kassie Bedding Manufacturing, Inc., a bedding distribution and manufacturing company, signed a ten-year lease with SRP Management for its 60,000-square-foot warehouse at 401-437 E. Erie Ave. in Philadelphia, PA.

The Herbach & Rademan building was completed in 1945 and renovated in 2006. The property totals 60,000 square feet on 2.5 acres, and is located about three miles from I-95.

Bedding Manufacturer Signs 10-Year Lease in Philly – CoStar Group.

Central PA Green M&A

thiryj — Thu, 15 Sep 2011 18:57:15 +0000

CPBJ reports:

Lebanon County-based solar installer Energy Systems & Installation Inc. has acquired MJ Barrick Heating & Cooling, a Perry County firm.

The acquisition bolsters ESI’s ability to sell and service solar hot water systems and help clients improve their energy efficiency, CEO Corey Wolff said in a statement. It also will allow ESI to add heating, air conditioning and electrical services to its core solar business.

Terms of the deal were not disclosed.

Founded in 2008, ESI is a regional commercial-scale solar company based in Union Township. Its notable projects include the solar canopy that debuted this summer at Hershey’s Chocolate World.

Central Penn Business Journal.

York’s BAE continues to win defense contracts

thiryj — Mon, 11 Jul 2011 16:49:26 +0000

CPBJ reports: The U.S. Army has given BAE Systems a $165 million contract to build 43 Hercules vehicles at its York County facility, according to the Department of Defense.

The Hercules are armored track vehicles used for hoisting and towing other vehicles and materials in support of the Abrams tank and Paladin mobile artillery fleets, according to the Army. BAE — and previously United Defense — has built the Hercules for the Army since it was introduced in 1997. BAE acquired United Defense in 2005 for more than $4 billion.

full article Central Penn Business Journal.

Philly Suburbian Industrial Lease Up – Centurion Inks 97,200-SF

thiryj — Thu, 07 Jul 2011 14:14:09 +0000

CoStar reports: Centurion Medical Products signed a long-term lease for 97,200 square feet in the industrial building at 2001 Gehman Rd. in Harleysville, PA.

The 97,200-square-foot manufacturing building was built in 1989 and is located in the East Montgomery County Industrial submarket. The tenant will take occupancy of the entire building by the end of this year.

Centurion Inks 97,200-SF Industrial Deal – CoStar Group.