Moresco Distributing Company is purchasing a 123,600 sq. ft. facility located at 1450 Technology Lane for $10.65 Million.
Moresco was operating out of two facilities, a building it owned and a second building it was leasing. The company will consolidate both locations in the new building, which includes 39,500 sq. ft. of Class A office space for lease plus nearly 200 parking spaces.
“The new facility puts us under one roof,” said Ron Moresco, President & Owner, Moresco Distributing Company. “The building has 39,500 square feet of office space we can rent out, which gives us a real estate investment and additional cash flow. The facility is ideal as a headquarters or satellite office for a growing business.”
Click here for more information about this company and the financing surrounding the purchase.
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