12A — May 29 - June 11, 2020 — Industrial / Distribution Centers — M id A tlantic Real Estate Journal
www.marej.com
I ndustrial R eal E state & D istribution C enters Specialty Group Industries selld South Hills Industrial Park in West Mifflin, PA Cushman & Wakefield | Grant Street Associates’ Jackson & Cicirello broker 625,000 s/f building W EST MIFFLIN, PA — Cushman & Wakefield | Grant
the Lehigh Valley. While gross domestic product will drop and unemployment will rise this year, the foundation of the Lehigh Valley economy will remain strong and will manage to recover faster than much of the country. Sarah Finney Miller is Vice President at NAI Summit. continued from page 7A Unprecedented Times… M a r s h a l l a s A v i s o n Young princi- pal, based in Philadelphia. Marshall spe- c i a l i z e s i n working with c l i e n t s o n agency leas- ing, tenant representation and corporate solutions. “We are excited to have Matt join our team. His experience, skills and relationships will further our ability to serve institutional owners and in- dustrial users in our region, as well as around the country,” said Fahey. “He’s a wonderful addition to our team, who spe- cializes in warehouse and dis- tribution space, build-to-suit development, and manufactur- ing and food processing facili- ties. The impacts of COVID-19 on the market have reinforced the important role industrial real estate assets can have on business performance, and securing the right facilities will remain critical.” MatthewMarshall John Jackson and Evan Cicirel lo of Cushman & Wakefield | Grant Street As - sociates represented the seller, SpecialtyGroup Industries , in the transaction. "This is a sizable asset for Pittsburgh's industrial market and represents a tremendous value-add investment oppor- tunity. We have no doubt the incoming ownership group will be able to implement their vision and realize the full po- tential of this property," said Evan Cicirello , vice presi- dent. Industrial team at Avison Young adds Marshall in greater Philadelphia PHILADELPHIA, PA — Avison Young announced the appointment of Matthew
Street Associates announced the sale of South Hills Indus- trial Park in West Mifflin. The industrial park located at 1200 Lebanon Rd. consists of a single building totaling 625,000 s/f of industrial space. The entire site is comprised of 53 acres which includes 14 acres of land primed for addi- tional development. Strongly positioned in the South Pitts- burgh Industrial Submarket, South Hills Industrial Park is one of the largest multi-
tenanted industrial assets in Allegheny County serving a wide range of industrial users. With 18 tenants of various sizes in place, the property was 74% leased at the time of the sale. The new property own- ers, an affiliate of Phoenix Investors , plan to market John Jackson Evan Cicirello
1200 Lebanon Rd.
the vacant space for lease and improve the site for better
functionality in hopes of at- tracting new tenants.
Hanna Fredrick Commercial Real Estate is a full-service commercial real estate company with offices in Allentown, NJ, DE, MD, VA, DC, and OH. We specialize in: • Office Leasing and Sales • Retail Leasing and Sales • Industrial Leasing and Sales • Multifamily, Office, Industrial, Hospitality, Institutional • Property Management • Market Research • Acquisitions & Dispositions • Consulting • Appraisals • Commercial / Residential Whether you need to buy, sell, or lease a commercial property, our experienced real estate professionals are here for you. The Howard Hanna CRE team members are committed to their clients – they remain accountable, reliable and accessible at all times. These professionals maintain individual certifications and memberships in distinguished industry organizations throughout their market area.
For additional information please contact Robert Nemeth Sr. at 570-578-4358 www.howardhanna.com 3500 Winchester Rd., Suite 201, Allentown, PA 18104 610-398-0411
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