The Daily Item, Sunbury, PA

News

November 19, 2013

Moran Industries buys building in downtown Harrisburg

LEWISBURG — WATSONTOWN — Moran Industries has purchased a more than 200,000-square-foot building in downtown Harrisburg, which the company plans to utilize and lease, according to reports.

Moran purchased the Capitol View Commerce Center in a sheriff’s sale Tuesday, more than two years after the previous owner pleaded guilty to fraud charges and left the building languishing in disrepair.

The sale price for the building, according to the Harrisburg Patriot News, was $250,000. According to Dauphin County sheriff’s office records, the property was nearly $7 million in debt. No offers for the building were netted during a previous sheriff’s sale in January.

John Moran Jr., president and chief executive officer of Moran Industries, could not be reached for comment Tuesday.

However, following the sale, Moran told assembled media that he planned to finish the building and use half of the building for a logistics center, offices for two of Moran’s companies - Penn Strategies and JDM Consultants - and headquarters for the company’s accounts payable and receivable department.

Moran said he plans to lease the remaining 100,000 square feet of the building.

The building’s previous owner was David R. Dodd, of Mechanicsburg, who pleaded guilty in 2011 in federal court to misappropriation of funds from the U.S. Department of Housing and Urban Development and money laundering in connection with the project, which was never completed, according to the Federal Bureau of Investigations.

Dodd has been ordered to pay more than $20 million in restitution in connection with case, according to the FBI.

Moran Industries is headquartered in Watsontown and specializes in logistics.

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