Brasler Properties transformed an abandoned, 126 acre, former Caterpillar plant and brownfield on Rt. 30 in York, PA into a thriving manufacturing/distribution/retail/office/hotel complex, with a total economic impact of $269.3 million. Generating 830 on-site jobs ($45.1 million in employee earnings) and 1,042 indirect jobs. Bought for $10 million, invested an additional $36 million; sold for $73.2 million resulting in a 50%ROI. Occupancy stood at over 90% when property was sold in 2008; two hotels and a furniture store recently approved for site. The property's conversion attracted RR Donnelley, The Bon-Ton, LTS, BAE Systems and Eagle Global Logistics(EGL)--transforming a blighted site, abandoned for 6 years, into 1.5 million sf that commands A market rates in a secondary market.
