M id A tlantic Real Estate Journal — Best of 2023 — March 2024 — 25C
www.marej.com
The MOST UNIQUE OFFICE SALE of 2023 NAI CIR 4200 Crums Mill Road Harrisburg, PA Cushman & Wakefield Harborside 6 Jersey City, NJ Bennett Williams Commercial 2200 S George Street York, PA
Brokers: Cushman & Wakefield’s Andy Merin, David Bernhaut, Frank DiTommaso and Max Helfman with CBRE’s Jeff Dunne, Travis Langer and William Shanahan Size: 200,000 s/f Harborside 6 is a seven-story parking deck with 200,000 s/f of commercial space on top. While the property contains flexible zoning and had already secured a 20-year lease for Jersey City’s first Whole Foods on the ground floor going into the parking deck of the building, the number of large users in the market for 200,000 s/f of commercial space was incredibly limited. Despite numerous challenges, the teams arranged the sale of the property to American Equity Partners.
Ryan Murray
Joe Bedard
Brokers: Bob Behler Size: 19,795 s/f
Brokers: Ryan Murray and Joe Bedard Size: 34,000 s/f
2200 South George Street is a professional office building located within York County, between York Hospital & Apple Medical Center. The building is almost 20,000 s/f and sits on just under two acres. 2200 S George Street had six suites currently under lease, leaving opportunity for owner occupancy with this sale. Bob Behler of Bennett Williams Commercial was the Listing Agent in this transaction.
The 34,000 s/f office building located near the I-81 and I-83 Interchange at 4200 Crums Mill Road in Harrisburg has been sold to a regional owner/ operator who plans to move an adult daycare into the first floor of the multi-tenant building. The class A, two-story office was extensively renovated in 2017 and 2019. Ryan Murray and Joe Bedard represented the seller in this transaction
The LARGEST RETAIL SALE of 2023
Marcus & Millichap The View at Marlton Marlton, NJ
Bennett Williams Commercial Lincoln Square Lancaster, PA
James Balliet Property Group- Keller Williams Allentown Richland Plaza, Quakertown, PA
Broker: Brad Nathanson Size: 91,069 s/f
Brokers: Blake Shaffer, Brad Rohrbaugh, and Chad Stine Size: 63,692 s/f An investment sale at 2495 Lincoln Highway East in Lancaster, Pennsylvania, which sees 1.4 million vis- its per year. The premier retail shopping center totals 63,692 s/f and includes national co-tenants such as Dollar Tree, Adidas, Waffle House, and T-Mobile, just to name a few. Bennett Williams’ agents, Blake Shaffer, Brad Rohrbaugh, and Chad Stine, represented both the Buying and Selling side of this transaction.
Size: 225,000 s/f Tenants at the center, which is situated on 20 acres, include Wells Fargo, Ollie’s Bargain Outlet and Pearle Vision Center. James Balliet, president of James Balliet Property Group represented the seller, APS Associates, in the transaction. The buyer is currently redeveloping the property.
The View at Marlton is a newly developed 91,000 s/f service-oriented shopping center positioned along Rte. 73. The property was 98% occupied and anchored by a 45,000 s/f LA Fitness and occupied by internet proof beauty, restaurant, automotive, education and financial tenants. 78% of the gross income of the center is com - prised of national tenants that benefit from the exposure to one of the strongest submarkets in Philadelphia MSA. Further, the attractive aesthetics of the facade of the center included stacked Eldorado stone, multiple wooden pergolas for outdoor restaurant seating, outdoor music and raised decorative architectural roof tops, providing for a first-class shopping experience, and making this property a dominant service-oriented center serving South Jersey.
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