SVPs Cass Camarda and Glenn Fritts and sales associate WilliamWinterburn in the Bethlehem office of Morris Plains, NJ-basedWeichert Commercial Brokerage Inc. are marketing the property. Theowner is International Speedway Corp., which is headquartered inDaytona Beach, FL.
Camarda tells GlobeSt.com his team was working with a prospectfor nearly two years, "and the buyer walked away on Nov. 15." Theentity had developed plans for a mixed-use complex, "a kind of towncenter," he says. While he declines to identify the company, hesuggests the credit crunch accounts for its failure to close. "Theobvious reason, I think, is they thought the current money supplycould not support what they wanted to do."
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