M id A tlantic Real Estate Journal — March 2024 — The Best of 2023 — 29D
www.marej.com
The LARGEST LAND LEASE of 2023 NAI James E. Hanson 21 Steel Rd Morrisville PA Bennett Williams Commercial PA 228 & Three Degree Road Mars, PA
Brokers: Russel Verducci & Eric Demmers Size: 35.25 acres
Brokers: Adam Hagerman, Brad Rohrbaugh, and Chad Stine Size: 2.5 Acres
LBA did a sale/leaseback on this property with Liberty Land Holdings LLC so Liberty was able to continue operations and their existing location. Industrial Outdoor Storage (IOS) continues to be a hot asset class that is scarce and in high demand and as more industrial sites are built, there are less sites the can accommodate this type of business.
The southeast corner of PA 228 and Three Degree Road was leased to Aldi, Inc. The national grocery store chain will develop the land in Adams Corner. The supermarket will be at a signalized intersection, and down the road from a Sheetz. Adam Hagerman, Brad Rohrbaugh, and Chad Stine – experienced reps for Aldi – represented the Tenant side of this transaction.
CONGRATULATIONS to ALL of our Associates for a Successful 2023 and a special shout out to the winners below
Eric Demmers, Russell J. Verducci, sior
Thomas A. Vetter, sior , Jeffrey W. DeMagistris, sior , Gary Sauerborn
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