Thursday, September 25, 2008 9:14:44 AM
Hey greg BCND could move today!
NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC Bulletin Board: BCND - News) today announced that it has agreed to sell the salvage rights to Renaissance Renovations and Development for $6,350,000.
ADVERTISEMENT
This price encompasses any and all salvageable materials on the property and it will be the sole responsibility of Renaissance to demolish and remove all materials from the property at their sole expense. The agreement does not include any of the natural gas rights on the property nor does it include the property.
"I am very pleased that this aspect of the redevelopment of the property is now behind us. We will now set our sights on developing the property," said Adam Marek, President & CEO.
About Beacon Redevelopment Industrial Corporation:
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's website at www.beaconredevelopment.com for all the latest information and updates
NORTH HUNTINGDON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC Bulletin Board: BCND - News) today announced that it has agreed to sell the salvage rights to Renaissance Renovations and Development for $6,350,000.
ADVERTISEMENT
This price encompasses any and all salvageable materials on the property and it will be the sole responsibility of Renaissance to demolish and remove all materials from the property at their sole expense. The agreement does not include any of the natural gas rights on the property nor does it include the property.
"I am very pleased that this aspect of the redevelopment of the property is now behind us. We will now set our sights on developing the property," said Adam Marek, President & CEO.
About Beacon Redevelopment Industrial Corporation:
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's website at www.beaconredevelopment.com for all the latest information and updates
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
