X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HAZLETON, PA-Wilkes-Barre, PA-based Mericle Commercial Real Estate Services breaks ground here for a 214,794-sf manufacturing and distribution facility for Atlanta-based Simmons Co., the nation’s second largest mattress manufacturer. Bob Besecker, VP and director of leasing for Mericle, tells GlobeSt.com the estimated construction cost, including all fit out, is $10 million or about $46.56 per sf.

The building is on a 21-acre parcel on Oak Ridge Road in the Humboldt Industrial Park. It includes 15,000 sf of office space, and the facility is expandable by an additional 127,032 sf. Mericle will own the build-to-suit property and lease it to Simmons long term at an undisclosed rental rate.

The site is a Pennsylvania SelectSite that has a Keystone Opportunity Expansion Zone (KOEZ) designation. Under KOEZ, all state and local taxes are forgiven through 2013.

Mericle competed with developers in 35 other Pennsylvania counties and at least two other states for the project. The contract was obtained in cooperation with Governor Ed Rendell’s action team; CAN DO, which is the economic development arm of the Hazleton Chamber of Commerce; and officials of Luzerne County, Hazle Twp., the area school district and local community college and Simmons.

“It’s that special collaboration between the public and private sectors that has proven time and again to be the partnership that makes a difference in northeastern Pennsylvania,” says Mericle’s president, Robert K. Mericle.

Approximately 250 people will be employed at the Hazleton facility, which is expected to reach completion on February 15, 2004. Until then, Simmons is leasing a 32,000-sf base in Hazleton from Mericle for an undisclosed price. Simmons has 18 plants throughout the US and Puerto Rico.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.