Tuesday October 5, 2021

Al. Neyer Closes on Purchase of Commerce Crossing Business Park Site

WCIDC CLOSES ON SEWICKLEY TOWNSHIP LAND SALE TO AL. NEYER AT COMMERCE CROSSING BUSINESS CENTER

From Pittsburgh Business Times:

Al. Neyer, the Cincinnati-based firm that’s currently perhaps the most active developer of industrial projects in the region, has closed on buying a nearly 26-acre site in Sewickley Township on which to build the first project at the five-lot Commerce Crossing Business Center.

The Westmoreland County Industrial Development Corporation (WCIDC) announced that it has closed on the sale of the property to Al. Neyer, finalizing a sale originally agreed to by the WCIDC’s board in February 2019.

The property sold for more than $1.5 million, kicking off a development that will include a new business park for WCIDC.

Al. Neyer is expected to start building the new project this month and plans to complete a new 250,000-square-foot distribution center in the second quarter of next year.

Al. Neyer, also pursuing a major business park near the Pittsburgh International Airport in Findlay Township as well as in Butler County, also has an option to buy an adjacent 28-acre lot at Commerce Crossing.

The first project at Commerce Crossing will overlap with another Al. Neyer is currently building, a 150,000-square-foot facility in Hempfield Township on a more than 13-acre parcel WCIDC sold to the company at its Technology II park.

Read more from Pittsburgh Business Times here.

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