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Great Things Happening in Great Stream Commons

October 07, 2015

A new master concept plan, marketing team, and approach to development in this Central PA business park have elected officials and area developers optimistic that 2012 will be the year of exciting developments in Great Stream Commons business/industrial park.

2012 Started on a highly positive note with Gregg Township changing the zoning designation of 46 acres to the south of the park from “Residential” to “Commercial and Manufacturing.” This zoning change effectively increased the size of the park by 46 acres.  This expansion was highly significant in that the park now extends to connect with the rail line, currently being rehabilitated (see related story). Additionally, with the completion of the rail line the expansion differentiates Great Stream Commons as being one of only three commercial/industrial parks in eastern Pennsylvania capable of readily accommodating up to a 2MM Sf, rail-served facility.

Following up on the Gregg Township zoning designation change, all three taxing bodies governing Great Stream Commons have approved designating the expanded acreage as one of Pennsylvania’s newest Keystone Opportunity Zones (KOZ).  With the State’s approval, all of Great Stream Commons will be KOZ designated, offering significant tax incentives to companies locating there.

In August of 2011 the Economic Development Corporation retained Cushman & Wakefield as the exclusive listing brokerage for Great Stream Commons.  With over 13,000 employees in 231 offices worldwide, Cushman & Wakefield is one of the leading commercial real estate services providers in the United States and the World. Adding Cushman & Wakefield to UCEDC’s marketing efforts has resulted in Great Stream Commons achieving unparalleled market message penetration and brand recognition which would have been unattainable without C&W’s tremendous reach.

Acting on Cushman & Wakefield’s counsel, UCEDC also in August of 2011 retained Larson Design Group of Williamsport to create an optimized master concept plan for Great Stream Commons. Working with the Cushman & Wakefield team, bringing their wealth of experience to the project, Larson Design Group has developed a plan that maximizes diverse development within the park at levels never before imagined. More importantly, anticipated and targeted uses for Great Stream Commons now reflect more viable and realistic pursuits based on the park’s attributes.

UCEDC itself has complemented these new efforts by investing in enhanced due diligence efforts at the park. Since last fall, UCEDC has invested in enhanced geotech, wetlands, and traffic impact studies, which has made the park’s attributes and development potential better known to prospective investors. Additionally, UCEDC for the first time since its formation is employing more aggressive and pro-active marketing efforts to create awareness of the park to potential investors. Together, all these efforts have resulted in Great Stream Commons receiving more interest and inquiries that at any previous time in its 14-year history. While there has been no deal closed to date, the heightened activity levels are giving optimism to all concerned that good – GREAT – things are about to happen at Great Stream Commons.
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