Site on Cameron Street Corridor sold to Herr Street Investments; Transaction completes CREDC initiative to set property on path to productive reuse
CREDC, the non-profit economic development arm of the Harrisburg Regional Chamber, has closed on the sale of the site of the former Harsco Corp. factory near Herr and Cameron Streets in Harrisburg to Herr Street Investments, LLC, a real estate developer affiliated with Moran Logistics. CREDC acquired the site from Harsco, a global industrial company based in Camp Hill, Cumberland County, in 2018 for the purpose of returning the long-dormant industrial tract to productive use and spurring redevelopment on Harrisburg’s Cameron Street corridor.
Moran Logistics, based in Watsontown, Northumberland County, is a third-generation family-owned warehousing and logistics provider. The company operates over five million square feet of storage space in numerous locations across Pennsylvania, including a site in the World Trade Center Harrisburg complex that neighbors the Cameron Street tract.
“Thanks to the knowledge and support of the professionals at CREDC, and the vision of Harrisburg Regional Chamber & CREDC Past President Dave Black, and the continuation of this vision by the Chamber’s new president, Ryan Unger, this unused site is now positioned to provide many new opportunities for the City of Harrisburg,” said John D. Moran, Jr., owner and manager of Herr Street Investments. “I extend my personal thanks to CREDC and its board of directors for working with us to fulfill our mutual mission to create new economic opportunities for Harrisburg and the greater region.”
Upon acquiring the site in 2018, CREDC commissioned an environmental site assessment funded in part by a grant from Pennsylvania’s Industrial Sites Reuse Program. The program, administered by the Pennsylvania Department of Community and Economic Development, provides grants and low-interest loan financing to entities, including nonprofit economic development organizations like CREDC, to perform environmental assessment and remediation work at former industrial sites.
“Undertaking this project was a unique opportunity to use our expertise to bring a blighted industrial property one step closer to being ready for productive reuse,” said Ryan Unger, president of the Harrisburg Regional Chamber & CREDC. “Thanks to the guidance of our economic development lead Melissa Stone, the support of the state’s Industrial Sites Reuse Program, and the transfer of the property to John Moran and his team, we now look forward to the ongoing redevelopment and future opportunities that are now possible at this site.”
CREDC (Capital Region Economic Development Corporation) is a Certified Economic Development Organization (CEDO) approved by the Pennsylvania Department of Community and Economic Development to provide and service business financing in Cumberland, Dauphin and Perry counties. CREDC accesses public funding to support regional business growth, provides businesses and start-ups with technical assistance, and connects businesses with resources through its many community partnerships in the areas of education and training, workforce development and business planning.