A German company is negotiating to buy York Countys spec building at the Antrim Business Park off Dave Lyle Boulevard.
The County Council will consider initial approval of an ordinance Monday to sell the 40,000-square-foot shell to Coroplast of Wuppertal, Germany. The company makes adhesive tapes for the automotive industry.
The company is expected to invest about $12 million and hire about 150 people.
The county built the $1.2 million spec building in 2012. York County Electric Cooperative allocated $1 million in utility tax credit funds to the project and Comporium added $200,000.
The county constructed the building because of a shortage of available industrial and commercial space, as well as the difficulty of private firms getting construction loans, officials said at the time.
The building was shown to several prospects including Physicians Choice Laboratory Services. The lab recently held an open house at its new facility at the Riverwalk Business Park.
The number of prospects, and the buildings sale, show the spec building is an unqualified success, said Mark Farris, York Countys economic developer.
Coroplasts investment includes purchase of the building, upfitting of the space - the building does not have a floor and new equipment.
York County plans to use proceeds from the sale to construct another 40,000-square-foot spec building at the East York Industrial Park.
Farris said he hopes the countys action will prompt developers to resume constructing spec buildings.
Don Worthington • 803-329-4066
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