Binswanger Brokers Facility Sale to Nice-Pak Products, Creates 300 New Jobs in Jonesboro, Arkansas

DALLAS, TX--(Marketwire - October 15, 2008) - On behalf of its client, Haworth, Inc., Binswanger is pleased to announce the sale of a 631,304 sq. ft. fully air-conditioned manufacturing building on approximately 104 acres to Nice-Pak Products. The property is located at 1 Haworth Drive in Jonesboro, Arkansas. Sale price was not disclosed.

"This deal was a tremendous collaborative effort that will bring over 300 jobs and a significant capital investment to Jonesboro," said J. Holmes Davis, IV, Senior Vice President in Binswanger's Dallas office who represented the seller in the transaction. "Nice-Pak will have a positive impact not just in Jonesboro but in the entire surrounding area," continued Davis.

Mark Young, President and CEO of the Jonesboro Regional Chamber of Commerce, said, "Binswanger did a great job of identifying potential buyers and coordinating with us locally so that we could bring information to the table that showcased Jonesboro's workforce, utilities and amenities."

Nice-Pak Products, Inc. is a family-owned company that makes and markets private-label wet wipes, including baby wipes, industrial and surface wipes, antibacterial towelettes, and other cleaning cloths. The growing company plans to be operational in its new Jonesboro facility by the end of the year.

Headquartered in Philadelphia, Pa., Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.

Contact Information: CONTACT: Leslie Young 215-448-6239 215-448-6097 FAX