FEBRUARY 2016, SALISBURY, MD – SVN | Miller Commercial Real Estate Advisors Bob Rich and Tom Knopp recently found a unique buyer to purchase and repurpose an old feed mill in Laurel, DE. The 17 acre light industrial property located at 33222 Bi-State Boulevard in Laurel, DE will be repurposed to suit the needs of the buyer, Proximity Malt.
Proximity Malt, LLC plans to process locally grown grains such as barley, wheat and rye into malt to serve craft breweries around the region. The plant is expected to have a production capacity of 25,000 tons of malted grain per year, and will employ 20-25 people once in operation. “This is an exciting, progressive and new industry for the Delmarva Peninsula,” said Advisor Bob Rich. “The addition of jobs and investment in the area is significant economic development news for Sussex County.” Advisor Tom Knopp said, “This is a huge asset for the State of Delaware and the surrounding farm community.”
SVN-MILLER COMMERCIAL REAL ESTATE
SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).