14C — June 9 - 22, 2017 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania

on hiring hundreds more in the next few years. New employees come to us with a strong work ethic, initiative, knowledge, skills and in many cases practi- cal manufacturing experience. Workers who understand, ap- preciate and are interested in manufacturing are increasingly hard to find in many areas of the country. A company is only as good as its employees and we are very happy that Northeast Pennsylvania offers workers so positively inclined towards manufacturing. Beyond these reasons, the re- gion offers many benefits yet to be realized. Transportation of rawmaterials by rail to our new factory in larger bulk quantities may provide cost efficiencies far beyond what trucking pro- vides. The Scranton Area offers such transportation options, and we've begun preliminary exploration of possible rail line extensions to our facility. Also, the area abounds with institutions of higher educa- tion. Through internships, graduate recruiting, or produc- tion and logistics joint projects, local 2-year and 4-year univer- sities and colleges will surely play a future role in Crystal Windows’ growth and success. Northeast Pennsylvania stands in stark contrast to New York City, which has in- numerable direct and indirect costs of doing business. Taxes, regulations, mandates, fees, tolls, and other costs that come with manufacturing in New York City challenge us daily. Things like high local sales taxes, municipal income taxes on employees, restrictive and unnecessary labor mandates, exorbitant bridge tolls and unrelenting traffic congestion are the straws that broke the camel's back and contributed to Crystal's decision to expand in the Greater Scranton area, and not in New York City. All the advantages Northeast Pennsylvania offers reflect a region with an extremely supportive business climate and one especially focused on manufacturing. These regional attributes are important to promote. Manufacturing and other industrial businesses forced out of rising cost met- ropolitan areas like NY and Philadelphia, or states like CT and NJ, are seeking new loca- tions with just such a support- ive business climate. Crystal Windows is delighted to have chosen Northeast Pennsylvania and is enthusiastic that other manufacturers make the same great choice! Steve Chen is COO of Crystal Window & Door Systems. n continued from page 13C By Steve Chen . . .

Also assisted in renewing a 16,554 s/f existing lease Cole of NAI Keystone brokers 39,513 s/f office lease in Wyomissing


which was for 16,554 s/f, total- ing 31,213 s/f. The total deal value was over $7.3 million. NAI has up to 10,000 s/f for lease directly next door at 2001 State Hill Rd. which consists of a prime first floor suite and a prime 5,580 s/f second floor suite. In a second transaction, Cole, assisted a local company in renewing its 8,300 s/f lease at 2101 State Hill Rd. The total deal was valued at over $2.7 million. In Robesonia, Cole repre- sented Penn State Health St. Joseph in leasing a new

yomissing, PA — Bryan Cole , SIOR and princi-

facility. NAI’s John Buccinno represented the landlord, Mr. Vince Giannotti. The site was home to Giannotti’s Italian Kitchen restaurant. The site is a 6,000 s/f free standing building at a lighted intersection in the heart of Robesonia at 410 E. Penn Ave. In Reading, the Shillington Farmer’s Market has enjoyed a long history as a pillar of the Shillington community. The tradition was carried on by their daughter Eileen and her husband Jim Daley through the move from the original market location to its location

today at 10 S. Summit Ave. The market now passes to the next chapter of owner- ship with the announcement of Hamid Chaudhry officially placing the market under con- tract for sale. As a local entre- preneur and business owner, Hamid has high expectations for the future of the market. “I will do my best to make the Shillington Farmer’s Market great again!”, said Chaudhry. This transaction is being brokered by Steve Wil- lems & Kyle McKechnie of NAI Keystone Commercial & Industrial. n

pal at NAI Keys tone , assisted a lo- cal company in expanding into the for- mer Rite Aid space along B e r k s h i r e B l v d . a n d

Bryan Cole

State Hill Rd. in Wyomiss- ing, which equaled 14,659 s/f. In addition to the expansion, Cole assisted in renewing the company’s existing lease


1220 N. BROAD STREET Philadelphia, PA 296 Units | COMING SOON! FOR SALE



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Corey Lonberger, Managing Partner corey@rittenhouserealty.com

KenWellar, Managing Partner ken@rittenhouserealty.com

Mark Duszak, Director mark@rittenhouserealty.com

Chris Egan, Associate chris@rittenhouserealty.com

For information visit www.RittenhouseRealty.com or call (215) 454-2852

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