www.marejournal.com S hopping C enters F eaturing ICSC PA/NJ/DE C onference & D eal M aking R ecap Miller and Creed represent both the property’s owner, The Klein Group, and the tenant CBRE inks 65,068 s/f lease for Funzilla Adventure Park at Fairless Hills Shopping Center M id A tlantic Real Estate Journal — Shopping Centers — September 28 - October 11, 2018 — Section B
AIRLESS HILLS, PA — CBRE has arranged a 65,068 s/f lease for Funzilla, an indoor entertain- ment center at the Fairless Hills Shopping Center located on Rte.1 and Arleans Ave. in Fairless Hills. CBRE’s Jay Miller and Jim Creed represented both the property’s owner, The Klein Group , and the tenant during negotiations. “We are thrilled to welcome Funzilla to the Fairless Hills Shopping Center,” said Jacob Klein , president, The Klein F
SEPT. 28 - OCT. 11, 2018
SPOTLIGHT HI-LIGHTS
Fairless Hills Shopping Center
Group. “This family-friendly entertainment concept will attract people of all ages and bring more than 75 jobs to
the Bucks County local com- munity.” Funzilla will occupy the former Pathmark site and is
slated to open for business this winter. The property is located in close proximity to Interstate 95 and Rtes. 1
and 13. Other tenants at the shopping center include Retro Fitness and Big Lots!, among others.
Binswanger's Pennington negotiates sale of 51,000 s/f retail/flex building in Phila.
PA/NJ/DE Conference & Deal Making
PHILADELPHIA, PA — Binswanger announced the sale of three properties in
Philadelphia: a 51,000 s/f r e t a i l / f l e x building on 1 . 93 a c r e s l o c a t e d a t 2 4 4 0 Ea s t Venango St.; a 35,000 s/f wa r ehou s e
Lahn of Waters Retail Group reps. landlord in 2,550 s/f lease
Chris Pennington
facility on 2.91 acres located 2460-50 Wheatsheaf Ln. and a .89 acre development site located at 2639/2651 Wheat- sheaf Ln. 2440 East Venango St. is constructed of masonry walls, has ceiling heights to 15' clear and features seven docks and parking for 125 vehicles. HLS New Investment LLC pur- chased the property from Ara- mingo Group for $22.45 mil- lion and has hired Binswanger to lease the facility.
20B
2440 East Venango St.
ALSO INSIDE
2640-50 Wheatsheaf Ln. features 36' ceiling heights, 3-phase power, three 10-ton cranes, two 12' x 12' drive-in doors, one 18' x 12' drive-in door and is zoned I-2 (Gen- eral Industrial). The prop- erty was sold by Copart of Connecticut, Inc. to Phat Mot
for $2.2 million. 2339/2651 Wheatsheaf Ln. is a land parcel zoned I-2 (Gen- eral Industrial). George Mano- sis or Assignee purchased the site from Wheatsheaf Lane, LLC for $500,000. The properties are located just off of Aramingo Ave., pro-
viding fast access to Interstate 95, Center City Philadelphia and the Betsy Ross and Ben Franklin Bridges into New Jersey. The transactions were han- dled by Chris Pennington , partner in Binswanger’s Phila- delphia office.
Richard Birdoff, RD Management................ 2B Metro Commercial........... 3B Conference Photos........ 6-9B Business Cards........... 10-17B www.marejournal.com
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