Binswanger/CBB Alliance Arranges Sale of 1,200,000 Square Foot Class A Industrial Building in Leesport, Pennsylvania.PHILADELPHIA -- In the largest industrial transaction in the Commonwealth in 2004, Ashley Furniture, headquartered in Arcadia, WI, purchased the former Ames Merchandising Corporation's one-story facility situated on 180 acres for $26,750,000.00. The property was sold by Ames in late December pursuant to the Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. of the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with Kimco Funding LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control as the major creditor. Ashley Furniture, founded in 1945, has become the third largest home furniture manufacturing company in the country. Ashley plans to use the Leesport property as both a manufacturing and distribution center hub. After an exhaustive search for a class A distribution center encompassing all of New Jersey and Upstate Pennsylvania, the Leesport property became the ideal choice. Approximately 500 new jobs will be created as a result of this major sale. Ames was a Connecticut-based discount chain that at one time operated 330 stores located in the mid-Atlantic states Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. . After filing for Chapter 11 bankruptcy protection, the decision to liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the the business was made in 2002. The modern, 1,200,000 square foot building includes 30' clear ceiling heights throughout; 146 loading docks; all municipal services This article or section deals primarily with the United Kingdom and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and parking for 1000 trailers. Binswanger/CBB and the Binswanger/Klatskin alliance, formed in February 2001, co-brokered the transaction on behalf of Ashley. Binswanger, headquartered in Philadelphia, is an international full-service real estate organization with over 160 offices worldwide. Klatskin, headquartered in Teterboro, NJ, is New Jersey's foremost industrial and commercial real estate company. |
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