New Jersey–based Jersey Holdings has paid $30 million for BURLE Business Park, a 1.2 million-square-foot multi-tenant, mixed-use office and industrial park located at 1004 New Holland Ave. in Lancaster, Pa.
The 75-acre campus was 90 percent occupied at the time of sale.
“BURLE Business Park is one of the premier office and industrial properties in South Central Pennsylvania,” said Bill Tourtellotte, CBRE senior vice president, which arranged the sale. “With new ownership committed to investing in significant capital improvements, this property will continue to attract high-quality tenants for years to come.”
The campus, which is comprised of 16 buildings, is home to more than 40 tenants including Intermediate Unit 13, Lancaster General Health (Penn Medicine), Photonis, Advanced Cooling Technologies, and Angelo’s Soccer, among others. The property offers several amenities, including 24-hour security, cafeteria, fireside coffee café, conference room,
