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PHILADELPHIA-Locally based Susquehanna Investors has paid $1.075 million, or $8.70 per sf, for a vacant, 123,500-sf industrial facility in Delano, PA. The seller is West Paterson, NJ-based Cytec Industries, a conglomerate that once used the facility for the production of Fiberite, a polymer used in plastics manufacturing.

The property, located on 11 acres in Schuykill County, has been on the market for several years, John T. Morris, senior sales associate of Wilkes Barre, PA-based Mericle Commercial Real Estate Service, tells GlobeSt.com.

Cytec is a specialty chemicals company that makes building block materials for infrastructure construction projects and molding compounds used in the aerospace industry.

Mericle handled the transaction for Cytec and secured the buyer.

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