Press ESC to Close
,

Company Gets State Low-Interest Loan For New Facility In Falls Twp.

·

By

Tom Sofield
Credit: Google Maps

A company that plans to build a 22,500-square-foot building in Falls Township has received a low-interest loan approval through the Pennsylvania Industrial Development Authority.

Cam Real Estate Partners, LP was approved this week for a $1 million, 15-year term loan at a 2 percent fixed rate through the Pennsylvania Industrial Development Authority and Bucks County Economic Development Corporation. The money, according to the governor’s office, will go toward building the new facility on 2.8 acres at West Post Road and Royal Avenue.

Advertisements


The new building will be for multiple tenants and marketed to smaller wholesalers, manufacturers, and distributors who need warehousing space.

Gov. Tom Wolf approved the loan for the Falls facility along with 12 other projects in eight other counties.

Cam Real Estate Partners, LP plans to move their operating entity, Shades of Green Inc. to the site, as well.

Advertisements


Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.