FOR IMMEDIATE RELEASE:
Media Contact: Desiree Niccoli, firstname.lastname@example.org, 412-535-5701
TM CROWLEY & ASSOCIATES BUYS LAST SIGNIFICANT DEVELOPMENT-READY PARCEL
IN RIDC’S THORN HILL INDUSTRIAL PARK
Aerial view of Thorn Hill Industrial Park
Cranberry Township, PA—November 2, 2021—Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) sold 4.707 acres of land for $852,000 to TM Crowley & Associates (TMCA), a developer based in Indianapolis, IN with plans to build an 8,847-square-foot building on the site. The building will be leased to Sunbelt Rentals and house an equipment and tool sales, rental, and service establishment.
“The purchase of this development is an exciting opportunity for our valued TMCA client and partner, Sunbelt Rentals,” said Tom Crowley, TM Crowley & Associates CEO. “We have worked with Sunbelt Rentals on multiple projects in Indiana and look forward to expanding their footprint into Cranberry, Pennsylvania. RIDC was an instrumental partner in the acquisition of this property, and we look forward to helping complete this development.”
“With this transaction we have sold the last significant development-ready parcel in the Thorn Hill Industrial Park,” said Donald F. Smith, Jr., RIDC President. “Our initial goal was to build a great industrial park and then catalyze its growth with spec buildings. It took a long-term view, patient investments, and an invaluable long-term partnership with Butler County to redevelop this site, but we’ve filled the site with jobs and the types of companies that are driving the economy of northern Butler County.”
The mission of the Regional Industrial Development Corporation of Southwestern Pennsylvania is to catalyze and support economic growth and high-quality job creation through real estate development and finance of projects that advance the public interest. A not-for-profit entity, RIDC owns over 2,800 acres of land in 11 industrial parks and manages over 50 buildings. Located in Marshall and Cranberry Townships along the border of Allegheny and Butler counties, this 925-acre park was formerly the Thorn Hill Home for Waverly Boys. Now it houses 3 million square feet of industrial, flex, and office space. More than 100 companies occupy the park, including Mitsubishi Electric, Eaton, Paragon, RedZone Robotics, and rue21. More information is available at www.ridc.org.
About TM Crowley & Associates
With over 30 years of experience, the T.M. Crowley team offers customized, results-driven real estate development solutions. From urban retail to distribution, industrial to manufacturing, TMCA specializes in diverse, high-quality projects providing exceptional outcomes for their clients. Utilizing a nationwide footprint, TMCA market experts are knowledgeable in local awareness, sourcing locations that ensure operational efficiency for each project. With more than 1200 completed projects, TMCA is uniquely positioned to deliver omni-channel solutions and strategies for their clients. Learn more at www.tmcrowley.com.