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MASCARO AFFILIATE PURCHASES MARVIN MILLER’S BIRDSBORO BUSINESS AND REAL ESTATE HOLDINGS

Tuesday, September 16, 2014
MASCARO AFFILIATE PURCHASES MARVIN MILLER’S BIRDSBORO BUSINESS AND REAL ESTATE HOLDINGS

Well known local businessman, Marvin Miller, and his wife, Glenda, recently entered into an agreement to sell all of their Birdsboro real estate and business holdings to M. B. Investments (“MB”), a J. P. Mascaro & Sons affiliate.

These holdings include a modern 43,500 square foot office building at the foot of the new Route 345 Bridge in Birdsboro, approximately 140,000 square feet of additional business structures in the heart of downtown Birdsboro, and the Millers’ business holdings and real estate along Route 724. In total, MB is purchasing approximately 38 acres of business real estate and 235,000 square feet of business structures from the Millers, with final settlement to occur in December 2014.

Pat Mascaro, the General Partner of MB, said, “I greatly respect the business commitment the Millers have made to the Borough of Birdsboro over the years, and I look forward to continuing that commitment. The Millers’ business holdings in the Borough are thriving, and MB welcomes the opportunity to build upon and improve, within the Borough, that which the Millers have dedicated their lives to.”

“Like the Millers, MB will continue to provide long-term commercial and industrial opportunities for businesses within the Borough,” said Mascaro. “The Borough of Birdsboro is strategically located to the many other business holdings and properties that Mascaro affiliates own and operate in the region, and the Mascaro family is personally committed to this local region for the long-term,” added Mascaro.

Evidence of this long-term commitment, in addition to the acquisition of the Millers’ business interests, is M. B Investment’s construction of a new modern supermarket on one of its properties in downtown Birdsboro, to be operated by Boyer’s Market, a well-respected local company. The new supermarket to be opened in early 2015 is much-needed in the Borough, which has been without a local supermarket for several years.

M. B. Investments, Mascaro’s real estate partnership, has for years focused on the acquisition of property with future development potential. “MB is now embarking on the next phase of its partnership business plan where it will be spearheading local development projects on some of its properties, which will bring new business and employment opportunities to Birdsboro and the regional area, as well as business revenue to MB,” said Mascaro.



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