SOLD! IAC purchased by Carlisle Events

Finally, the IAC plant has a new owner.  Carlisle Events announced today that they purchased the plant.  They say they don’t have full plans on what they are going to do with it but in my eyes anything is better than it sitting empty and owner-less any longer.  The Sentinel has the full story below.

Carlisle Events purchases former IAC plant

Carlisle Events announced today that it has purchased the 48-acre manufacturing plant, formerly known as the IAC Industrial Campus, located at 50 Spring Road in Carlisle, according to a release from Carlisle Events.

The property consists of nearly 900,000 square feet of usable building space, a 23-acre paved and lighted parking lot, 25-acre fenced site with multiple buildings suited for multi-tenant occupancy and a railway spur served by Norfolk Southern Railway (NSRR).

“This is an exciting time for Carlisle Events and Cumberland County,” Carlisle Events co-owner Bill Miller Jr. said in a statement. “While there are many ideas and rumors circulating in regards to the use of the property, Carlisle Events has no immediate plans for the property; however, we are actively seeking tenants who wish to lease portions of the facility which will hopefully lead to new employment opportunities within the community and help benefit the local economy. Located minutes from Rt. 11, I-76 and I-81, we firmly believe the location has tremendous opportunity for multiple industries including automotive. We look forward to working with various development entities and manufacturers as we pursue leasing options for the property in the months to come.”

In addition to securing tenants for the facility, whether in part or as a whole, Carlisle Events will continue to use the acreage between Clay Street and Spring Road for additional parking during their 10 automotive events held at the Carlisle Fairgrounds and two collector car auctions held at the Carlisle Expo Center.

“Our events draw over a half million in attendance annually and contribute over 98 million dollars to the local economy,” said Lance Miller, co-owner of Carlisle Events. “We were bursting at the seams. Carlisle Events has experienced substantial growth over the last 36 years and this purchase seemed like the next logical step in the evolution of our company. The ability to provide ample parking for our guests and decrease traffic congestion by having a 23-acre lighted and secured parking area that can efficiently get guests into our venue is beneficial to Carlisle Events’ future and the community as a whole. We will be reviewing ideas for the future and look forward to continuing a long-term relationship with the Empire Friendship Fire Fighters Association, who signed a 99-year lease for their location in January of 1994.”

After acquiring ownership, Carlisle Events has confirmed that the property will be secured 24/7 by a private organization and HVAC systems will be evaluated by Tuckey Mechanical Services, Inc., as the property is prepared for the coming winter. Tuckey will be researching alternative methods to heat the property to ensure in the future it is environmentally conscious and energy efficient.

For more information regarding lease opportunities on the property, please contact Carlisle Events at (717) 243-7855.

Philadelphia-based commercial real estate firm, CB Richard Ellis, Inc. represented the seller, International Automotive Components during the sale of the property.

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