Salem Glass Factory: Historic Site Up for Auction
Deal News | Feb 07, 2025 | EIN
The upcoming auction of the historic Salem Glass Factory in Salem, New Jersey, presents a rare opportunity to acquire a significant piece of American industrial history. The factory, with over 500,000 square feet of manufacturing and warehouse space on 28 acres, will be sold via public auction on March 12, 2025. The site was once a thriving glass production hub, operating from 1862 until its closure in 2014. Located in Salem, NJ, known for its administrative importance as the county seat, the property offers substantial potential for redevelopment due to its strategic location, water and rail access, and nearby major highways. Zoning permits a range of uses, making it attractive for developers and investors. The auction is managed by Max Spann Real Estate & Auction Company, known for its expertise in real estate auctions. Interested bidders can find more information and participate in the auction through Max Spann's online platform.
Sectors
- Real Estate
- Industrial
Geography
- United States – The auction and property are located in the United States, specifically in Salem, New Jersey.
- New Jersey – The Salem Glass Factory is situated in Salem, New Jersey, which is the specific location of the auction and redevelopment opportunity.
Industry
- Real Estate – The article is centered around the auction of a significant real estate property with redevelopment potential.
- Industrial – The site in question was historically an industrial glass-making facility, which is now being considered for industrial or mixed-use redevelopment.
Financials
- Not specified – No specific financial details such as expected sale price or bidding amounts are provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Max Spann Real Estate & Auction Company | Auctioneer | Company | America's premier real estate auction and advisory firm, managing the auction of the Salem Glass Factory. |
| Salem Glass Works | Target | Company | The historic glass-making facility in Salem, New Jersey, set to be auctioned. |
| Ardagh Glass | Former Operator | Company | The last entity to operate the historic glass factory before it closed in 2014. |
| Max Spann Jr. | President & CEO | Person | President & CEO of Max Spann Real Estate & Auction Company. |