X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

HAZLETON, PA-The 100,000-sf industrial facility at 504 White Birch Rd. has traded hands for $2.9 million. Interplast Group Ltd. has bought it from National Starch & Chemical Co. The deal works out to $29 per sf.

Interplast is a plastic packaging and industrial bag and supply manufacturer. It operates through its AmTopp, Integrated Bagging Systems and Work-Pak divisions. National Starch & Chemical manufactures industrial adhesives, starches, electronics materials and specialty polymers.

Colliers Lanard & Axilbund SVPs Lee Fein and Michael Zerbe were the sole brokers in the transaction. Other recent Colliers L&A industrial deals include the 188,500-sf facility at 2860 Bath Pike in Nazareth, PA. South Jersey Colliers L&A deals include the purchase of 800 Coopertown Rd. and 2700 Burlington Ave. in Delanco, NJ; the 111,240-sf facility at 8290 National Hwy. in Pennsauken, NJ; and a pair of 35,000-sf buildings at 1625 and 1601 Hylton Rd. also in Pennsauken.

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.