HARRISBURG, PA-The Pennsylvania Industrial Development Authority has approved low-interest loans aggregating approximately $2.9 million to fund separate projects in three counties. Gov. Ed Rendell says they could add more than 1,000 new jobs in Bucks, Centre and Northumberland counties.

The largest, $2-million in PIDA funding, is granted to the Centre County Industrial Development Corp. to develop more than 134 acres for the Rockview Business Park in Benner Twp. The land along I 99 and Rte. 150 near Penn State University is the former site of Rockville State Correctional Institution, which was transferred by the state in 2005.

At that time the state provided $175,000 in predevelopment grants. The site is being transformed into a light and heavy industrial complex. The total project cost is estimated at more than $5.3 million. According to Benner Twp. meeting records, a potential tenant, locally based Cleveland Brothers Equipment Co., has been identified for possible occupancy of a 100,000-sf distribution center on 40 acres in the park.

Philadelphia-based Dijas Capital LLC, the holding company of Irene’s Bakery and Gourmet Kitchen Inc., has acquired the 19,060-sf former Fanny May Chocolate Factory in Buck County’s Bensalem Twp. According to published reports, it paid in excess of $1 million for the 28-year-old building. The $436,000 PIDA loan will fund renovation, and the company plans to be operational at the new facility this July.

Clark Tech Real Estate Inc., which owns Clark Technology Systems Inc., has received a $470,325 PIDA loan to acquire and renovate a 29,583-sf building in Northumberland County’s borough of Milton. The total cost is estimated at more than $1.1 million and represents an expansion of the engineering services company’s current facility in Milton.

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?


© 2024 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.


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 © 2024 ALM Global, LLC. All Rights Reserved.