A joint venture between Atapco Properties and Chesapeake Real Estate Group have signed Eldorado Stone to a full-building lease at the Antrim Commons Business Park, located in Antrim Township, Pennsylvania. Located on Antrim Commons Drive, the joint venture partnership intends to construct a 432,000 square foot Class “A” industrial building on a 25.4 parcel of land within the business park. The business is configured to support up to six million square feet of industrial and commercial space and is situated adjacent to Interstate 81. The building is expected to be delivered in summer 2017.
Founded in 1969, Eldorado Stone manufactures architectural stone veneer, brick veneer, fireplace surrounds and assorted outdoor living products. The company will be consolidating two operations currently located in Greencastle, PA and Hagerstown, MD and will eventually employ approximately 300 workers in the new facility. Eldorado Stone received a $250,000 Pennsylvania First Program grant and $114,000 in Job Creation Tax Credits that will be distributed after the new jobs are created. The company will also invest nearly $7 million into the new location.
“This lease is a tremendous win for Franklin County and Pennsylvania, and the positive and widespread economic effects with the retention and infusion of new jobs into this region is extremely significant,” wrote Pat Coggins of Atapco and Jim Lighthizer of Chesapeake Real Estate Group in a joint statement.
