Industrial Building sold, leased to ABLE Equipment Rental, Inc.
Markward Group is pleased to announce the recent sale of a 18,086 SF Industrial Building on 2.26 acres located at 211 Lloyd Street, Allentown.
Chip Miers of Markward Group represented the seller, Kay Louise Krapf. The building was a truck terminal/service repair garage for Ransome CAT.
Ann Kline of Markward Group represented the buyer Serfass Development and Acquisitions, who also engaged Ann to lease said property. Prior to the sale, the property was leased to ABLE Equipment Rental, Inc of NY (ABLE).
ABLE is a supplier of construction equipment rentals, sales, service and parts. In early July, they plan to open the Lloyd Street facility as their fifth location in the northeast. ABLE’s move into Allentown will bring up to 30 additional positions to the Lehigh Valley workforce. Some of these positions include drivers, mechanics, rental coordinators, and account managers.
Founded in 1996, ABLE Equipment Rental is privately-owned. With corporate headquarters based in Deer Park, Long Island, NY, its other locations are in Honey Brook, PA, Edison and Pennsauken, NJ. ABLE provides rentals, sales, service, and parts, as well as applications for critical infrastructure maintenance and support, contingency planning, and disaster recovery. It offers a fleet of service vehicles providing emergency service and repairs to customer owned fleets. ABLE’s five locations serve the northeast markets of PA, DE, MD, NY, NJ, and CT.[/vc_column_text][/vc_column][/vc_row]