Cedar Creek Industrial Park comes underneath personal possession

Following the sale of Cedar Creek Industrial Park, development and extra jobs may very well be on their strategy to Cumberland County within the subsequent three years.

SkyREM LLC, a personal funding firm based mostly in Philadelphia and New York, not too long ago bought land within the park to unfold the corporate’s footprint in Fayetteville an additional 360 acres, based on a information launch from Fayetteville/Cumberland Financial Improvement Company. The corporate additionally owns properties at 107 Tom Starling Street and 880 Expertise Drive, totaling greater than 1.1 million sq. toes of constructing area, it mentioned.

On the 360 acres bought by the corporate, one other 1.6 million sq. toes may presumably be constructed, the discharge states. SkyREM has three years to construct its first constructing, the company’s president and CEO Robert Van Geons mentioned. If it is not accomplished inside that timeframe, the county can take the land again, County Supervisor Amy Cannon mentioned.

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