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Nestlé Keeps Jobs in Breinigsville

Nestlé’ renews it lease for its huge distribution center in Breinigsville for five more years at a cost of more than $4.5 million a year.

 

Nestlé’ Holdings Inc. has recently renewed the lease for its 1,045,153-square-foot distribution center at , according to Business Wire.

Caplease Inc., which owns the property, reported it received a 5-year lease renewal from Nestlé’. The new lease starts Jan. 1, 2013 at a rate of $4.40 per square foot, or $4,598,673 with a 3 percent increase each year.

Caplease is a real estate investment trust that owns and manages commercial properties.

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