Google Plus Facebook LinkedIn Twitter Vimeo RSS

In brief: Select Capital acquires flex building for $2.55 million


Select Capital Commercial Properties Inc., a Cumberland County-based real estate investment company, has acquired an industrial flex building in Upper Allen Township from Nevada-based Equiterra Properties.

Select Capital bought the 49,000-square-foot building at 381 Independence Ave. for $2.55 million, said Stephen Marzullo, senior vice president of real estate company CB Richard Ellis Inc., which helped broker the deal.

Half of the building in the Upper Allen Business Park is leased to New Jersey-based stone company KOL Marble & Granite, as well as to Dauphin County's emergency management operations, Marzullo said.

Equiterra owns commercial property near Carlisle that it wants to develop with restaurants, shops and a hotel.

Select Capital is owned by the Ortenzio family, founders of Cumberland County-based acute care and rehabilitation health company Select Medical Corp.

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at Follow him on Twitter, @JimTRyanCPBJ.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!