CAN DO increases its leasing portfolio
Keeping in line with its mission and the strategic goal of attracting and retaining jobs in Greater Hazleton, CAN DO, Inc. recently purchased a 25,000-square-foot building in Humboldt Industrial Park West from a private corporation. The ownership was leasing it to a food processing-related company and decided they wanted to sell the building.
Knowing the tenant wanted to remain in the property for the remaining term of the lease, and with the hope of retaining the company long term, CAN DO stepped in and purchased the facility to ensure the tenant would be able to continue its operations.
CAN DO assists Bimbo Bakeries through land purchase
CAN DO is continually looking to assist the food processing industries located in Greater Hazleton in any way possible. Recently, CAN DO assisted in a less traditional way when an opportunity arose for the organization to help a Greater Hazleton food processing company maintain its trailer parking location, which is a vital component of their business.
Bimbo Bakeries, which manufactures and distributes freshly made bread products from its Valmont Industrial Park facility, had been leasing additional land from a private developer, but wanted long-term assurance that the property would remain available for its trailer parking.
To assist Bimbo Bakeries, CAN DO purchased the 11-acre tract from the private owner and, in turn, leased the land directly to Bimbo, further stabilizing their operations.
Benefits of Humboldt Industrial Park prompted real estate consultant to recommend site to company
It’s only been a year since Florida-based Tech Packaging, Inc. launched a contract packaging operation in Humboldt Industrial Park, Hazle Township, and the company is already nearing 100 percent capacity, said Bob Janes, the company’s founder and president.
Tech Packaging was looking for the correct geography when selecting a site for its new facility. They wanted a site that was within a 50-mile radius from their existing facility in Berwick, PA. With this in mind, Tech Packaging’s national real estate consultant, Cresa, searched different areas of Pennsylvania and New York, ultimately recommending Humboldt Industrial Park.
Matthew Marshall, senior vice president of Cresa’s Philadelphia office, said Humboldt Industrial Park was chosen for several reasons. Taking into consideration all the sites that were an option, Cresa and Tech Packaging were most specifically looking for a site that would meet Tech Packaging’s building specifications, employment demands and delivery date.