Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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

HARRISBURG, PA-Locally based Advanced Communications Agency Inc. has obtained approximately $6.8 million in state funding to construct a 215,000-sf printing plant and office complex on the former industrial site at Cameron and Herr streets. The total project cost is $28 million.

The project will put the brownfield land, which Gov. Ed Rendell describes as an “eyesore,” back into productive use after 34 years of idleness. The funding includes approximately $1.4 million from the Governor’s Action Team, $5 million from the Redevelopment Assistance Capital Program, and $350,000 from the state’s Growing Greener II initiative.

David Dodd, president of Advanced, in a statement, credited the direct and indirect support of the governor and Dennis Yablonsky, secretary of the Department of Community and Economic Development, and said, “we are now able to overcome the site’s challenges and start the process.” Advanced will occupy a portion of the space and lease some to other tenants. A call to the company regarding occupancy and rental rates was not returned by deadline.

According to a first-quarter 2006 report from the Harrisburg office of CB Richard Ellis, the average asking rental rate for industrial space in Dauphine County is $3.99 per sf, the same as throughout Central Pennsylvania. In this county, it ranges between $3.92 per sf and $4.85 per sf, depending on the size of the lease, according to CBRE’s most recent report, and the industrial vacancy in the county stood at 6.7%.

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?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.