The Burle Business Park has been sold to a New Jersey real estate holding company whose owner promises to upgrade the property inside and out.Â
Jersey Holdings has bought the 75-acre property at 1004 New Holland Ave. for $30 million, courthouse records show. It expects to invest millions of additional dollars in improvements, said owner Moses Schwartz on Monday.Â
âWeâll give it the feel of a contemporary, 21
st century working environment,â he said.Â
The Lancaster city property, near the Route 30 bypass, has 1.3 million square feet of buildings â nearly the size of Park City Center. About 90% of that space is occupied by 40 tenants and their 1,000 employees, Burleâs Althea Ramsay Carrigan said.Â