(To read more on the industrial market, click here.)

HARRISBURG, PA-Five manufacturing projects obtained an aggregate of $4.9 million in loans from the Pennsylvania Industrial Development Authority. The lion’s share, approximately $2.8 million, is for three companies in or relocating to Philadelphia. The five projects, according to Gov. Ed Rendell, will create and retain nearly 200 jobs.

The largest of the funding, a $1.4-million PIDA loan, went to Avalanche Lak Assets to acquire and renovate a 260,000-sf building on Grays Ave. in Philadelphia. The building’s tenant, George Kempf Supply Co., is a wholesaler of building materials and supplies. VJ Holdings received a PIDA loan of just over $1 million to build a 32,100-sf building on S 76th Street in Philadelphia. It will be leased to Gourmail Inc., a maker and distributor of canned, frozen and ethnic Indian foods. Tulip 300 LLC obtained a $375,000-loan to acquire and renovate a 70,000-sf building on Tulip St. in Philadelphia, which it will lease to Wickwire Inc., which manufactures and distributes all types of wire. Orbel Corp. obtained just over $1.2 million to acquire and renovate a 57,251-sf building on Danforth Drive in Palmer Twp. in Northampton County. Orbel, which provides photochemical etching and electroplating services for medical, electronics and other industries, will relocate from a facility in New Jersey.

D&M Realty Corp. obtained an $880,000-loan to build a 25,120-sf building on Blue Heron Drive in the Iron Bridge Corporate Center in Perkiomen Twp. in Montgomery County. The facility will house Machined Metals Manufacturing Group Inc., which makes custom machine parts.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2023 ALM Global, LLC. All Rights Reserved.