10-YEAR LERTAHazleton Creek Commerce Center benefits from the Local Economic Revitalization Tax Assistance (LERTA) program. This program was created by the Pennsylvania Department of Commerce to help spur economic development in Pennsylvania. The LERTA program specific to this property was enacted by all taxing authorities to provide a 100% abatement on the value of the improvements for a 10-year period. The estimated real estate tax savings for Building 4 (1,400,000 SF) are $15.4 million ($10.97/SF) over the life of the program. Notes: (1) Land real estate taxes are based off current value. (2) Improvement real estate taxes are based off comparable buildings within Luzerne County. (3) Property has a 10-year LERTA providing 100% abatement on the value of the improvements. 
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QOZQUALIFIED OPPORTUNITY ZONES
Investors can defer eligible gains on the amount invested in a Qualified Opportunity Fund (QOF) until 2026
10%
exclusion if investment is held for at least 5 years 15%
exclusion if investment is held for at least 7 years 100% exclusion on the appreciation of the investment if held for at least 10 years |
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Listing Agent:
JEFF LOCKARD [email protected] +1 215 990 1889 RYAN BARROS [email protected] +1 610 249 2264 MARIA RATZLAFF [email protected] +1 717 791 2210 KEVIN LAMMERS [email protected] +1 610 249 2255 |
Ownership:
Kiel Group is a real estate development team focused on Class A industrial buildings, headquartered in Bethlehem Pennsylvania. It was founded in 2016 with core values based on Trust-Integrity-Respect. Bob Kiel, managing principal, has over thirty five years of experience in commercial real estate development and leasing with a primary focus on industrial properties. During his career, his development and leasing experience exceeds 60,000,000 square feet of industrial, office, and manufacturing facilities across five states. Twenty seven of the properties received LEED Certifications.
BOB KIEL MANAGING PRINCIPAL [email protected] 610.442.5901 
Keith Corporation (“TKC”) is a full service commercial real estate firm headquartered in Charlotte, NC. TKC was founded by Graeme M. Keith Sr. and Graeme (Greg) M. Keith Jr. in 1989 as a single-tenant, net lease development company. Since then, TKC has completed over $3.6 billion worth of development consisting of 400+ projects in 36 states and 5 countries. TKC’s philosophy has always been to cultivate trust, build long-lasting relationships with our clients and leverage our development expertise so that our clients can focus on their core competencies. TKC’s clients range from multi-national Fortune 500 corporations, top rated hospitals & health systems, to young, entrepreneurial companies. As a result of this philosophy, coupled with a conservative and strategic growth strategy, TKC has steadily matured into one of the largest and most well respected private full-service commercial real estate firms in the nation.
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