


Today,
the Ambridge Regional Manufacturing and Distribution Center consists of approximately
22 buildings, many of which are interconnected. The buildings contain a total
of approximately 1,025,000 square feet, which is currently divided into 32 tenant
spaces. The Standard Seamless Tube Company originally developed the site in
1913. Additional owners included Spange-Chalfant and Company (1928), National
Supply Company (1930), Armco (1958), Herfein Realty (1987) and Value Ambridge
Associates, L.P. (1988), all of whom have constructed and demolished buildings
and facilities at the site. The buildings were constructed between 1913 and
1991. The complex was originally built as a pipe fabrication plant by the Spang
Corporation. The buildings and business were then acquired by Armco Pipe Company,
which was then converted to a multi-tenant facility. Value Ambridge Associates,
L.P., and its general partner acquired the property in 1988 and have undertaken
significant renovations to both the existing facilities as well as the infrastructure.
The property was acquired with the objective of substantially
increasing the value of the Ambridge Regional Center through a
major physical renovation and conversion to a multiple tenant
warehouse and industrial park.