12A — December 13 - 26, 2019 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marej.com
P ennsylvania Finney-Miller negotiates 650+ acre sale in Belvidere, NJ NAI Summit: 2019 Highlights
AI Summit is a full- service commercial and industrial real estate firm serving the Lehigh Valley, PA, and surrounding areas. We are also affiliated with NAI Global which is a leading global commercial real estate brokerage firmwith over 375+ offices worldwide. It’s hard to believe another year has gone by! As we prepare to enter 2020, we wanted to take the time to highlight our amaz- ing team of agents’ hard work by showcasing a sample of top deals completed this past year. Location: Rte. 519, Belvidere, NJ AC: 650+ Sale/Lease: Sale N
St. in Allentown, PA, followed by being assigned the leasing agent by new ownership after the deal was complete. Agent: Mike Adams, senior VP Location: 1920 Spillman Dr., Bethlehem, PA SF: 40,000 Sale/Lease: Lease Description: Mike Adams represented both owner and tenant in a multi-year lease transaction for warehouse space. Agent: Mike Adams, senior VP Location: 4779 Hanoverville Rd., Bethlehem, PA SF: 34,000 Sale/Lease: Sublease Description: Frank T. Smith
and Mike Adams represented the landlord and the tenant in a multi-year sublease for indus- trial/warehouse space. Agent: Frank T. Smith, CCIM, CPM, principal and Mike Ad- ams, VP Location: 300 Bushkill St., Tatamy, PA SF: 25,786 Sale/Lease: Sale Description: Mike Adams represented the buyer in the sale of the industrial property consisting of 4+ acres. The site is comprised of three buildings including a warehouse, office, repair area, and storage. Agent: Sarah Finney-Miller, VP Location: 2800 Baglyos Circle,
Description: Talen Energy appointed NAI Summit to represent them in the sale and marketing of their property. Sarah Finney-Miller success- fully negotiated a sale to the well-known Jaindl Land Com- pany who’s industrial and office projects have led to more than 12,000 jobs in our region and account for over $15 million in local tax revenue annually. Agent: Sarah Finney-Miller, VP Location: 1249 N Quebec St., Allentown, PA SF: 55,000 Sale/Lease: Sale Description: Mike Adams rep- resented the owner in the sale transaction of 1249 N Quebec
Bethlehem, PA SF: 25,115 Sale/Lease: Lease
Description: Mike Adams represented the owner in the multi-year lease transaction with Cigars Int'l. for whse. and office space. NAI Summit’s Mike Adams fully leased the building by adding three new tenants this year. Agent: Mike Adams, senior VP Location: 61 W. 2nd St., Wind Gap, PA SF: 25,202 Sale/Lease: Lease Description: Mike Adams represented the owner in the multi-year lease transaction for warehouse space. Agent: Mike Adams, Senior VP Location: 4311 Locust Dr., Schnecksville, PA AC: 19+ Sale/Lease: Sale Description: Jay Haines rep- resented the owner in the sale transaction of the Light Indus- trial zoned location directly off Rte. 309. The buyers were also represented by Jay Haines. Agent: Jay Haines, VP Location: 89 South Commerce Way, Bethlehem, PA SF: 25,090 Sale/Lease: Lease Description: Mike Adams represented the tenant, Tyber Medical LLC, in the multi-year lease transaction. Tyber Medi- cal LLC is investing about $7 million toward its office addi- tion at Lehigh Valley Industrial Park IV. Agent: Mike Adams, Senior VP Location: 1991 Northampton St., Easton, PA SF: 25,000 Sale/Lease: Lease D escription: Mike Adams represented the tenant, Global Healthcare, in the multi-year lease transaction for office space located minutes away from downtown Easton and main highway systems. Agent: Mike Adams, senior VP Although we spotlighted our larger deals this year, nothing is too small for NAI Summit to handle. With past lease and sale transactions ranging from 1,000 s/f up to 100,000+ s/f, we are equipped to provide you seamless, tailored professional services from start to finish. With over 35 years of experi- ence, let our expertise and resources benefit you. Cheers to a year full of suc- cesses and a new year ahead with many more! Contributed by Staci Saeger, Director of Mar- keting at NAI Summit
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