More Than 89 Acres Sold At Berks Park 78

Map of Pennsylvania highlighting Berks County

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

A Reno, Nev.-based real estate development company has purchased 89.22 acres in Berks Park 78 for $7.5 million, the Berks County Industrial Development Authority announced Tuesday.

Gene Preston, partner for the eastern region with Dermody Properties, said the company does not have a prospective tenant for Berks Park 78.

“That’s not atypical for us,” he said. “We are investors in real estate. We like to buy good land sites. This is an outstanding site, we are going to aggressively market the site and we feel fairly confident.”

Pennsylvania and the Berks Park location, in particular, provides strategic infrastructure to be able to move goods to the population base in the northeastern part of the country, Preston explained.

Read more: http://readingeagle.com/article.aspx?id=470238

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