P ennsylvania
S hopping C enters
Povlow of Weichert Realtors represents the buyer, Tohi LLC Feinberg Real Estate Advisors, LLC represents Girl Scouts of Eastern Pennsylvania A www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C llentown, PA — Feinberg Real Es- tate Advisors, LLC has sentimental value to for- mer campers, who will be pleased to see the property preserved.”
Estate Advisors represented the seller, Girl Scouts of East- ern Pennsylvania (GSEP), and Lisa Povlow of Weichert Realtors represented the buyer, Tohi LLC. The group plans to preserve the property. “It was a pleasure to work with the leadership of the Girl Scouts of Eastern PA., the GSEP Property Committee and staff on the sale of the property,” said McDonnell Feinberg, principal with Fein- berg Real Estate Advisors. “It is a beautiful property in the heart of Bucks County, a short distance from Lake Nockamixon. The property
represented Girl Scouts o f Eastern Pennsylva- nia (GSEP) in the sale o f C a m p Tohikanee, a 237-acre property in Bucks Coun- ty.
“Cindy was very diligent about involving our teams in finding the right buyers for this beloved GSEP prop- erty,” said Kim Fraites-Dow, CEO Girl Scouts of Eastern Pennsylvania. “It was impor- tant for us to find a suitable buyer for the property who would consider our wishes to preserve the camp grounds as closely to their natural state as possible. We’re very pleased with how everything turned out.” n
Cindy McDonnell Feinberg
Cindy McDonnell Fein- berg, CCIM of Feinberg Real
Mackey, Taylor, and Cowan of Marcus &Millichap broker 239,400 s/f sale in New Kensington, PA Camp Tohikanee
HI-LIGHTS March 10 - 23, 2017 SPO TLIGHT 7-12C Central PA Family-owned, 8 - property assemblage is next newhot pocket for redevelopment
NEW KENSINGTON, PA — Marcus & Millichap , one of the leading commercial real
estate invest- ment services firms with of- fices through- out the Unit- ed States and Canada, an- nounced the sale of 350 Alvin Dr., a 239,400 s/f, single-tenant t r i p l e - n e t - leased ware- house prop- erty in New Kensington, P e n n s y l - vania . The sales price is $15.487 mil- lion. “Our tar- geted mar- keting cam- p a i g n a t - t r a c t e d a s i gn i f i cant amo un t o f interest from
Donovan Mackey
2C
350 Alvin Dr.
Wolf Commercial Real
involved.” Mackey, along with Mark Taylor , senior managing director investments, and Mitchell Cowan , associate, represented the seller, Kacin Companies. Mackey procured the buyer, Broadstone Real Estate LLC. The property was built to suit as a fulfillment hub and distribution center in 2015 for the current tenant, Leedsworld Inc. It is located on 34 acres along Pennsylvania Rte. 380, immediately west of Interstate Highway 76. The building has minimal dedicated office space and 19 docks with custom levelers. The property can be expanded by an additional 260,600 s/f to 500,000 s/f.
In a second transaction, Mar- cus & Millichap announced the sale of Dollar General, a 7,200 s/f net-leased property located in Mercer, according to Michael Glass , regional manager of the firm’s Colum- bus office. The asset sold for $590,000. Nathan Coe and Dan Yoz- wiak , investment specialists in Marcus & Millichap’s Co- lumbus office, had the listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and rep- resented by Coe and Yozwiak. Brenton Baskin , Broker of Record for PA assisted in the transaction. WYNNEWOOD, PA —Mar-
cus & Millichap announced that Mark Taylor of the firm’s Wynnewood office has been named as a senior manag- ing director investments, ac- cording to Brenton Baskin, regional manager. Previously, Taylor was a senior vice presi- dent investments. Taylor specializes in insti- tutional retail and net leased property investments and is a senior director of Marcus & Millichap’s Institutional Prop- erty Advisors Retail. He has been with the firm since 2001 and has successfully brokered the sale of over $3.5 billion in investment properties across 40 states, including over 130 shopping centers and over 450 net leased properties. n
Estate hires Tony Banks
Mark Taylor
6C
Mitchell Cowan
15C
institutional investors and fueled a strong multiple-bid- offer process,” said Donovan Mackey , a senior associate in Marcus & Millichap’s Phila- delphia office. “The process and final outcome fulfilled the expectations of everyone
16C
www.marejournal.com
Made with FlippingBook - Online catalogs