Moove In Self Storage further expands central Pa. footprint

York-based Moove In Self Storage announced that it has expanded its portfolio in the Mechanicsburg market by acquiring iStore Self Storage, now called Moove In Trindle Road.

iStore includes 405 traditional units and 90 temperature-controlled units in 70,750 rentable square feet. The asset is owned by National Storage Affiliates and will be managed by Investment Real Estate Management LLC under the Moove In Self Storage brand.

The 1,500-square-foot rental office will be renovated with a retail store and updated customer service amenities.

Moove In Trindle Road features more than 120 feet of frontage along East Trindle Road, which links Camp Hill to downtown Mechanicsburg. This is Moove In’s second property in the Harrisburg-Carlisle Metropolitan Statistical Area.

The location will be a strategic fit for Moove In’s market presence, Vice President of Operations Brian Foran said in a release. “We are excited to provide the people of Mechanicsburg with safe and convenient storage options.”

Since opening in 1998, Moove In Self Storage has expanded to 55 self-storage facilities in Pennsylvania, Maryland, New Jersey, Connecticut, Massachusetts and Iowa.

Paula Wolf is a freelance writer

MacuLogix’s assets sold to Seattle medical device company

The assets of central Pennsylvania-based MacuLogix, a leader in the early diagnosis of dry age-related macular degeneration and developer of the wearable AdaptDX Pro dark adaptometer, were acquired by a wholly owned subsidiary of LumiThera Inc.

Based in Seattle, LumiThera is a commercial-stage medical device company offering photobiomodulation treatment for ocular damage and disease.

MacuLogix is winding down its operations, BizNewsPA reported. Its AdaptDX Pro device allows eye care professionals to measure dark adaptation, which is used to diagnose dry age-related macular degeneration in patients – a leading cause of vision loss for patients 65 and older – earlier than any other technology. It was launched in 2020 and is available for sale in the U.S., Canada, European Union and elsewhere.

“The core technology measures the inability to visually adapt to low levels of light, a key clinical marker seen in patients with early AMD,” Greg Jackson, former MacuLogix chief technology officer and co-founder, said in a release. “Dark adaptation technology has been validated in 42 peer-reviewed papers. Over 1 million AdaptDX tests have been performed and about 200,000 patients have been newly diagnosed.”

Clark E. Tedford, LumiThera’s president and CEO, added: “AdaptDx Pro can identify dry AMD patients at the earliest timepoint, in advance of pathology, and before vision loss. The AdaptDx wearable, light-based early diagnostic for dry AMD adds a complementary assessment of retinal health to the LumiThera product line, further expanding LumiThera’s synergistic platform of products for eye care professionals. We are excited to combine diagnosis, treatment, and monitoring platforms to provide a complete solution for dry AMD patients.”

Paula Wolf is a freelance writer

ASSETS names new chief executive officer


The ASSETS board of directors appointed Lancaster native Jaime Arroyo as the nonprofit’s new CEO, it was announced Tuesday.

He will take over June 20, succeeding interim CEO Jesse Casler.

ASSETS, which focuses on transforming the community through business, offers training and financing for entrepreneurs, and partners with established businesses to improve their social and environmental impact.

”After an extensive search process, the board is thrilled to have Jaime as the next CEO of ASSETS,” Liz Martin, board chair, said in a release. “We are confident that Jaime will be a great
leader as ASSETS continues to do amazing work in our local community.”

Arroyo was most recently chief strategy officer at Community Action Partnership of Lancaster County, an anti-poverty organization, where he led the agency’s Diversity, Equity and Inclusion initiative and leadership development for emerging leaders.

From 2017 to 2019, Arroyo was ASSETS’ director of community lending, helping the organization become one of the top micro-lenders in Pennsylvania. He coached and advised on
the finances and business plans of small business owners, including women, immigrants and people of color.

“It is an incredible honor for me to serve this great organization and our community in this role,” Arroyo added. “I follow exceptional leaders before me and a committed ASSETS team
who have built the organization that it is today. … I look forward to shepherding ASSETS in building an equitable economy and inclusive entrepreneurship in Lancaster County.”

Paula Wolf is a freelance writer

Conewago water and sewer to be acquired by York Water Co.  

York Water Co. signed an agreement April 28 to buy the water assets and wastewater collection and treatment assets of Conewago Industrial Park Water & Sewer Co. in West Donegal Township, according to a quarterly filing with the U.S. Securities & Exchange Commission. 

Completion of the acquisition, contingent upon regulatory approval, will add approximately 30 commercial and industrial water and wastewater customers to the utility, the filing said. Closing is expected in the first quarter of 2023. 

The company’s franchised water and wastewater territory currently covers portions of 51 municipalities in York, Adams and Franklin counties, its website said. York Water, the oldest investor-owned utility in the nation, obtains the bulk of its water supply from the south and east branches of the Codorus Creek, which have a combined average daily flow of 73 million gallons. 

Its two reservoirs, Lake Williams and Lake Redman, together hold up to about 2.2 billion gallons. The utility supplements this with a 15-mile pipeline from the Susquehanna River to Lake Redman, providing access to an additional 12 million gallons of untreated water per day. York Water also owns nine wells capable of providing approximately 597,000 gallons daily to customers of its satellite systems in Adams County. 

As of March 31, average daily availability was 35.6 million gallons, and average daily consumption was approximately 19.9 million gallons. The company’s service territory had an estimated population of 204,000 as of the end of last year. 


LinkBancorp passes $1 billion in total assets

Harrisburg-based LinkBancorp Inc., parent company of The Gratz Bank, including its LinkBank division, reported that it passed $1 billion in total assets in the first quarter.

More specifically, assets were $1.036 billion as of March 31, up from $932.8 million at the end of last year.

That milestone was LinkBancorp’s biggest highlight for the first three months of 2022. Other numbers cited were organic loan growth of $29 million, exclusive of Paycheck Protection Program loans, and an increase in noninterest-bearing deposits of $36 million.

CEO Andrew Samuel commented in a release: “We are very pleased by the results of our first quarter free of merger-related charges related to the combination with GNB Financial Services Inc., crossing over the $1 billion threshold and demonstrating growing earnings potential as we begin to recognize economies of scale and increasing operating leverage.”

He added that “key additions within areas experiencing varying levels of market disruption, including the York and Delaware Valley markets, are expected to help fuel further loan and earnings growth and complement the strong performance of our core Capital, Lancaster and Gratz regions.”

ASSETS reorganizes to sole-leadership model with resignation of co-CEO

Jonathan Coleman, left, will depart from his role as co-CEO of ASSETS, with Tina Campbell, right, assuming the role of sole CEO.

Lancaster-based community nonprofit ASSETS is transitioning out of a joint leadership model with the resignation of co-CEO Jonathan Coleman, who said he will move closer to his wife’s family in Syracuse.

ASSETS, which operated under a joint-leadership model for the last three years, will now be led solely by former co-CEO Tina Campbell, effective Nov. 1, according to an announcement released by the nonprofit on Thursday. Coleman said he has “absolute confidence” in Campbell to lead the organization as its sole CEO.

“I leave with a heavy heart but also a heart full of gratitude,” said Coleman. “ASSETS has grown by leaps and bounds in recent years, much of this due to Tina’s guidance. The team is strong, the board is engaged, and the work is expanding.”

In her new role, Campbell is tasked with advancing the organization’s strategic vision, community outreach and donor relationships. Campbell said she believes the business can help “transform our community” with the support of ASSETS’ entrepreneurial training programs and community lending initiatives.

“Working in the co-CEO role over the past few years has been wonderful, and I am excited to continue to work with all of the amazing leaders at ASSETS as we now shift out of a co-leadership model,” Campbell said. “The work at ASSETS can never be done by one person so while I’m dropping the ‘co’ from my title, our collaborative work at ASSETS will continue and I am honored to be part of this team.”

ASSETS Board Chair and Owner Liz Martin said the board is thrilled Campbell accepted its offer to lead the nonprofit as its sole chief executive.

“We’ve seen first-hand her strengths as a leader — stabilizing the organization through sustainability efforts, bringing calm and order to a fast-paced environment and investing in the benefits and wellbeing of the ASSETS staff,” Martin said. “We’re excited to see as she leads ASSETS in a COVID era where this organization’s essential services to businesses have to be reinvented once again.”

Coleman isn’t leaving the realm of social entrepreneurship; he has accepted a position as co-CEO of the Untours Foundation, which owns the first-ever certified B Corporation — travel company Untours. The company invests its entire endowment directly into socially responsible businesses.

As co-CEO, Coleman will be tasked with helping grow the scale and impact of the foundation while working with Untours to ensure long-term success.