P ennsylvania
S hopping C enters
Real Estate Journal — Pennsylvania — Section C
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Six buildings covering 1.8 million s/f on 25 acres in Philadelphia Max Spann Auction Company sells historic Budd company site at auction
P HILADELPHIA, PA The sprawling Budd Company site in the
“A massive site that has sat vacant for over a decade now has potential for trans- formation and should provide opportunity and employ- ment for the neighborhood and area as a whole. We are happy to see this complex sale meet the finish line” said Weitzman, a senior vice president with Colliers Inter- national who assisted Max Spann in the project. “We received bids for all types of uses, from ware- house to industrial andmixed use with a retail and residen- tial component.” said Bob Dann, chief operation officer for Max Spann Real Estate & Auction Co. “This along with the recent Federal Op- portunity Zone designation attracted bidders from far and wide. Affiliates of the Plymouth Group from New York won the bidding and they look like the perfect developer.” CIR represented Pennsylvania School Boards Association, Inc. and Joe Bedard of NAI CIR represented CCLS. Strave 1800, LLC purchased this 1,350 s/f investment prop- erty located in Lancaster. The Bill Gladstone Group of NAI CIR represented the sellers and Paul Fulmer of NAI Commer- cial Partners, Inc. represented the buyer. The 800 s/f office space lo- cated at 211 Walnut St. in Harrisburg has been leased by Moravia Health from NR Group LL. Moravia Health joins Hookah Lounge and Res- taurant to make 211 Walnut St. fully leased. Hookah Lounge and Restaurant renovated the previous 2,400 s/f Pep Grill into a new Hookah bar and lounge. Nathan Kranz , of NAI CIR, represented the landlord and Pete Higgins , of NAI CIR, represented Moravia Health while David Alderman rep- resented Hookah Lounge and Restaurant.
trial, distribution and ware- house with high ceilings and rail and tractor trailer access. In addition to parts for cars, trains and planes, Budd built c o m p l e t e p a s s e n g e r r a i l c a r s , missile and space vehi- cles and various defense prod- ucts at the factory. “I am very happy that the Budd factory site will finally be redeveloped and wish the best of luck to the new own- ers,” said Dean Cafiero , the previous owner of the site. “I was very impressed with the expertise provided by the Max Spann Auction Company in marketing the properties, organizing the bidding process and helping me select the most qualified candidate. I have dealt with
Ti oga /Eas t Falls section of Philadel- phia where thousands of factory work- ers once pro- duced parts for planes, t ra ins and
Bob Dann RichardWeitzman
HI-LIGHTS APRIL 12 - 25, 2019 RRA REPORTS RECORD PER UNIT SALES PRICES automobiles was successfully auctioned off for $6.5 million. The buildings were con- structed from 1917 to 1988 and include a mix of indus-
Former Budd Company site
several other brokers with re- spect to these properties, and I must say that nobody had the competence, energy, insight and industry connections that Bob Dann and others at Max Spann provided in this suc- cessful sale.” Max Spann Auction Compa- ny, assisted by marketing part- ner Richard Weitzman from Colliers International and Southampton-based consul- tancy LSS , offered the property
in five parcels ranging from .66 acres to 10.46 acres. The neigh- borhood, just off Rte. 1 and I-76 has been rapidly improving and the redevelopment of this once bustling campus would accelerate that upward trajec- tory. Other portions of the site have been redeveloped into a retail center, Temple Univer- sity administrative office, a Regional Dialysis Facility and the Ray Kroc Salvation Army Community Center.
Ross of NAI CIR rep. seller in 553 Acre Lot sale in Derry Township, Mifflin County
LEWISTOWN, PA — The 553 acre plot at Shade Moun- tain on Jacks Creek Rd. in
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Derry Twp., Mifflin Cty., L ew i s t own has been sold to AJM Real Estate Hold- ings LLC by Comcast of Pennsy l va - nia/Colorado/
THE DAVIS COMPANIES SIGNS 10 YEAR LEASE WITH JACKSON KELLY
James Ross
West Virginia, LLC. James Ross , of NAI CIR , and Brian Edmonds, of SVN/ Concordis Group , represented the seller. NAI CIR completed the fol- lowing PA transactions: Derry Shopping Center, LLC purchased this 30,800+/-s/f retail space located in Swatara Twp. The Bill Gladstone Group of NAI CIR repre- sented the seller and Mike Braddock of RE/MAXRealty Professionals, Inc. repre- sented the buyer. The 10,694 s/f industrial flex property at 299 North Sherman
553 acre plot at Shade Mountain
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St. in York Cty. has been sold to SAR Propco 299, LLC from JLMReal Estate Investment LLC . Brad Swidler , of NAI CIR, represented the seller. Cumberland Parkway, LLC purchased a 2,860 +/- s/f commercial space located in Cumberland Cty. The Bill Gladstone Group of NAI CIR and Gary Russell of Ben- nett Williams facilitated the transaction.
I-Deal Cars Holdings, LLC purchased this 6,000+/-s/f in- dustrial building located in Harrisburg. The Bill Gladstone Group of NAI CIR represented the seller and Ajay Patel of Hershey Real Estate Group represented the buyer. The Cumberland County Library System (CCLS) leased 5,445+/- s/f of office space lo- cated in Cumberland Cty. The Bill Gladstone Group of NAI
16C Spring Preview Las Vegas ICSC Expo contact: Joe Christman jchristman@marejournal.com
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