A New York City broker has been retained by Boyds Collection
Ltd. to sell a five-level barn and 125-acre property in Cumberland
Township.
The Newmark Knight Frank Capital Group, described as an
“exclusive broker,” is trying to find a developer to take over the
retail store near Gettysburg, including its 125,000 square-foot
barn.
As part of the company’s marketing, it is touting the
neighboring Eisenhower Inn and All Start Sports Complex as a
potential casino site.
There is still no word on why the eight-year, $16 million
complex is closing, effective Jan. 30.
Newmark Knight Frank Capital Group issued a press release
Wednesday, and Boyds Bears Manager Dan Baumgardner said it was the
first time he saw the information.
The press release, issued by Newmark Knight Frank, stated that
the property has “become an area attraction for local residents and
tourists alike.”
“Designed and constructed by ownership, the existing buildings
can be retrofit and reused by most retailers, schools,
institutions, wholesalers, and even by corporate entities,” said
the press release.
Adams County Economic Development Corporation President Robin
Fitzpatrick said Wednesday that she’s spoken with the real estate
agency from New York, “as part of the normal business process.” She
said ACEDC is aware of a local developer interested in acquiring
the site, and they’ve spoken with the broker.
Zoning in that area of Cumberland Township, Cunningham Road near
Emmitsburg Road south of Gettysburg, is zoned for mixed-use
commercial development. The area is home to a 40-year-old hotel,
the Eisenhower Inn, a campground, a bowling alley, locally-owned
hotels and other small businesses.
Land-use regulations allow up to 2,627,500 buildable
square-feet, according to Newmark Knight Frank. Suggested uses, the
broker continued, include “multi-family, wholesale food supply,
retail food service, hotel, spa, retail, medical, educational,
corporate campus, government, senior housing, golf course,
entertainment, waterpark (and) casino.”
Newmark Knight Frank pointed out that the “proposed Mason Dixon
Resort and Casino development is literally across the street from
the property.”
“The proposed casino resort is estimated to be capable of
drawing almost 100,000 visitors per day,” the document states.
Illinois-based Enesco LLC obtained the intellectual assets to
Boyds Bears in December. Those assets include logs and identity but
Enesco does not own the property or five-level barn, known for
collectible bears and Longaberger baskets.
The last day of business is Sunday, Jan. 30, and there is an
ongoing 50 percent “blowout sale.”