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Developers hope to begin work on Antrim business park in spring

October 10, 2008|By JENNIFER FITCH

GREENCASTLE, Pa. -- Since acquiring the 200-acre Antrim Commons Business Park this summer, Atapco Properties Inc. and Chesapeake Real Estate Group have been working to get their land development plans approved so that they can run waterlines and build internal roads.

The two Baltimore-area companies, which formed Antrim Business Park LP for the venture, hope to begin much of that infrastructure work in the spring of 2009, according to Geoffe Lilja, a partner in Chesapeake Real Estate Group.

Lilja said the developers long have had interest from one major tenant. They're looking for a Pennsylvania Realtor to market the site to other possible industrial tenants as well as retail or office tenants for the portion of the property along U.S. 11.

The lots either could be sold or leased, and the developer would be willing to build structures to suit tenants' desires.

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"We're going to be offering what people need," said Lilja, who estimated a five- to seven-year buildout for the Antrim Township site.

Lilja said Antrim Business Park LP still plans to donate about three acres to the Archaeological Conservancy for preservation. That agreement tentatively had been worked out with the business park's previous owner, Perini Industrial Properties Corp., and representatives of the Archaeological Conservancy expressed concerns they might lose their research preserve when the business park changed ownership.

"That parcel, which hasn't been legally subdivided yet, has been isolated and would be transferred to the organization," Lilja said.

Engineers are designing waterlines to serve the business park, which is bordered by Interstate 81, U.S. 11 and Milnor Road.

"We are continuing to investigate the best water source," Lilja said.

Lilja said the Antrim Commons Business Park has an excellent location because it can be accessed from I-81 without taking local roads. Also, the site's proximity to Norfolk Southern railroad lines could serve a tenant similar to the Food Lion Distribution Center.

"That link that we have between the rail and highway is one you don't see very often," Lilja said.

While Lilja said that the number of buildings and tenants still is unknown, early site plans indicated that the property could have more than 4 million square feet of industrial and commercial structures.




On the Web:

www.cregllc.com

www.atapcoproperties.com

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