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PANATTONI BUYS 100 ACRES FOR PINE LANE BUSINESS CENTER

WAWAYANDA, N.Y. — Sacramento, Calif.-based Panattoni Development Co. has acquired an approximately 100-acre land parcel located in Wawayanda. The site will be the home of Pine Lane Business Center; Panattoni has already received approvals for the construction of 505,000- and 241,000-square-foot buildings. The buildings will have space to accommodate a single or multiple users, and can be delivered for occupancy within 1 year of groundbreaking. Frank Tomasulo of CB Richard Ellis represented Panattoni in the land transaction.

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