Equilibrium Equities. Inc. recently purchased another parcel in Humboldt Industrial Park, located at 1113 North Park Drive.
The 13.7 acre parcel can accommodate up to 180,000 square feet. The developer plans to construct a Class-A facility upon locating a tenant to Greater Hazleton.
Equilibrium Equities building plans include 32-foot high ceilings , direct fired roof mounted gas units and ESFR sprinkler system. Wide car parking and additional storing trailers are available on the site. The property also has utility capabilities to cover industrial demands. In addition, the site is designated Keystone Opportunity Zones (KOZ) which offers tax abatements through 2017.
Equilibrium senior vice president John Morris explained there were numerous reasons when choosing to make the purchase, saying the location is attractive to numerous companies. “The cost to get into and operate an industrial building in Greater Hazleton is advantageous to companies looking to locate here..This area has excellent access to interstates, availability of developable ground and the KOZ tax incentives,” he said.
This will be the company's second project in Humboldt. The company's first project involved building a speculative building in Humboldt Industrial Park East, that building eventually became the home to Tootsie Roll Industries.
Equilibrium Equities is private equity Investment Company located in Blue Bell, PA. Equilibrium Equities offers industrial prosperities constructions and renovations and focuses its reach on Northeastern, Central Pennsylvania, and Southern tier of New York.
