The sprawling campus of the former York International in Spring Garden Township was sold last week to a Chester County real estate firm.
The sprawling campus of the former York International in Spring Garden Township was sold last week to a Chester County real estate firm. The longtime manufacturing operations on the site will continue.
York International, a maker of air-conditioning, heating and ventilation equipment, was acquired in 2005 by Johnson Controls Inc. of Milwaukee. Johnson sold the York International campus to Patriot Equities, a real estate investment and development firm based near Wayne. Johnson is leasing back close to two-thirds of the building space on the property for 10 years, said Michael Kolar, a principal at Patriot Equities.
No purchase price was disclosed for the campus, which is known as Grantley. The site is just south of York near York College. At 71 acres, it is larger than 53 football fields. Part of the property is within a Keystone Innovation Zone, a state-designated area where tax credits are available to certain businesses.
The site has four tenants besides Johnson Controls who are all expected to stay, Kolar said. The new owners plan to invest between $4 million and $5 million in the property and expect to have between 300,000 and 500,000 square feet available for industrial or warehouse users, he said. A Johnson spokesman could not immediately comment on the sale.