CDC Announces Sale of Former Paint Factory Site for Mixed-Use Development

CDC has announced the sale of a 19.4-acre former paint manufacturing site in Reading, PA to the Berks County Industrial Development Authority (BerksIDA) who will work with a local developer to build a retail shopping center and industrial park for the Reading community.

“This transaction represents a significant milestone in our efforts to transform this long-dormant industrial property. Our team was able to successfully assume and manage the long-term environmental liabilities at this property and create a pathway to transition the site to a buyer who will develop the property,” said Mark Hinds, Executive Vice President at Environmental Liability Transfer, Inc.

In 2024, CDC announced the acquisition of a 49-acre retired steel foundry in Portland, Oregon. The foundry operated for 120 years and was used to manufacture cast steel wear parts for ship building and other heavy industries. CDC has already taken steps to redevelop the property, including demolition of legacy infrastructure and site work. Certain parts of the property are already development-ready, including 6 well-maintained warehouses with ceiling heights ranging from 14 to 38 feet, equipped with bridge cranes up to 17.5 tons, offering 154,000 SF of available space. Read more »

In 2024, ELT acquired a 7-acre tank farm from a US-based petrochemical company. ELT expects to complete removal of tanks and other site improvements by July 2025, with long term environmental management to continue. The property represents a rare development opportunity with immediate access to San Francisco International Airport. Read More »

First State Crossing took major strides in 2024. This is a multi-faceted development expected to include 3.75 million square feet of new construction - all taking place at the former EVRAZ steel mill in Claymont, Delaware.

The estimated $850 million new construction project will have the largest economic development impact of any project underway in the state, according to the Claymont Renaissance Development Corporation. The master plan includes 3.75 million square feet of new construction – office, residential, retail, light-industrial, and a new nature park with an extensive network of walking trails and other community amenities. 

In 2024, CDC sold a reclaimed 138,851 SF warehouse originally part of a large manufacturing campus in Hamilton NJ. CDC acquired the 65-acre site in 2016 and initiated environmental management, building demolition, reclamation, and extensive redevelopment planning. In addition to the reclaimed warehouse, 48 acres were sold to a developer planning a 420,000 SF warehouse and 5 acres remain on the market View Listing ».

CDC has a large portfolio of industrial real estate suitable for data center construction and energy storage projects - former power plants, manufacturing hubs, and heavy industrial properties. Many sites have access to substations, electric grids, and infrastructure ready for energy-intensive projects. CDC already has leased energy storage projects in 5 different states and expects to continue this upcoming year. Read More »

• BRAYTON POINT, MA: Up to 90 Acres of Waterfront Land Available, Deepwater Port with 34-ft Depth, 82,000 SF Manufacturing Building with Two 100-Ton Cranes, 20,000 SF Warehouse on 4 Acres Download Brochure »

• AUGUSTA, GA: Up to 140 Acres of Industrial Land Available, Located Near Several National Chemical Companies, Site Demolition Underway Download Brochure »

• PERTH AMBOY, NJ: 5-Acre Waterfront Site on Arthur Kill River, Equipped with a 400-ft, 80,000 lb Load Capacity Pier, Newly-Installed Bulkhead Download Brochure »

• TRENTON, NJ: 5-Acre Industrial-Zone Land, Near NJ Transit with Rail to NYC and Philly, 5,000 Passengers Daily, Rare find in the NJ Market Download Brochure »

• TRENTON, MI: 110 Usable Acres, Multiple Development-Ready Lots, Two Rail Spurs Onsite with Service to Class-1 Rail, Fence-Secured Rock Parking Lot, Strong Infrastructure, Access to Heavy Power Download Brochure »

• SAN FRANCISCO, CA: An exceptionally rare 7-acre industrial site with immediate proximity to the San Francisco International Airport. All tanks, piping, concrete, and other improvements to be removed by July 2025. Download Brochure »

• PORTLAND, OR: 49-acre industrial site with 6 well-maintained warehouses ready for occupancy. On-site rail spur serviced by UP, a 17-MW substation, and located 5 miles from the Port of Portland. Download Brochure »

• CLAYMONT, DE: Multi-faceted project featuring 3.75 MSF of new construction – industrial, residential, retail, office, and a new nature park with walking trails. Anchored by newly-constructed $90 million transit center, which connects to Philadelphia and neighboring metro areas. Read More »

• LAWRENCEBURG, IN: 36 Acres Usable, 750 Total Acres, Multi-Modal Development Potential, Class-1 Rail, Barge, Truck, Potential for Agriculture, Aggregates, Data Center, Laydown & Storage Download Brochure »

• JANESVILLE, IN: 200+ Acres, Industrial-Zoned, Suitable for Manufacturing, Logistics, Union Pacific & Watco Rail Service, Fenced & Secured Download Brochure »

• SAN ANTONIO, TX: 93-acre development ready site in San Antonio, suitable for last mile distribution center, warehousing, data center, more. Download Brochure »

• MEREDOSIA, IL: 93-acre Industrial Site, 800-ft Dock Line on Illinois River, Access to Heavy Utilities, Norfolk Southern Rail Spur Nearby Download Brochure »

• NEWBERG, OR: 220-acre former paper mill site, now demolished, regraded and ready for development – residential, retail, mixed-use, and light industrial. Download Brochure »

View More CDC Listings Here »