S hopping C enters P ennsylvania
M id A tlantic Real Estate Journal — Pennsylvania — November 19 - December 23, 2021 — 13B
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3747 Hecktown Road is situated on 28.47 acres in Easton, PA JLL's Plower, Cottone, Maguire & Lockard broker sale of warehouse/distribution building for $62.3M
ASTON, PA —An affili- ate of Endurance Real Estate Group, LLC (Endurance) announced the disposition of 3747 Hecktown Rd., a 307,290 s/f warehouse/ distribution building located in Easton for $62.3 million. The JLL Capital Markets and Industrial Brokerage team of John Plower, Ryan Cottone, ZachMaguire , and Jeff Lockard brokered the sale on behalf of the seller and procured the buyer. Built in 1986 and expanded in 2013, 3747 Hecktown Road is a 307,290 s/f, single tenant warehouse facility situated on 28.47 acres. The Property is strategically positioned off of Route 33, on the eastern edge of the Lehigh Valley, providing immediate access to Route 22, E
the aforementioned, this will great asset for the foreseeable future.” 3747 Hecktown is Endur- ance’s fourth successful dispo- sition this year. Over the last 90 days, Endurance has ac- quired and began construction on Scranton North Logistics Center (a 1 MSF speculative distribution center in Oly- phant, PA), commenced con- struction on the Middletown Logistics Center (a 251,200 s/f speculative distribution center inMiddletown, PA), purchased a 1.6 MSFmulti-tenant, multi- building property in York, PA, known as the York Busi- ness Center, and completed construction of a two-building 330,000 s/f speculative indus- trial park in Berks County, known as Berks 222. MAREJ
John Plower
Ryan Cottone
747 Hecktown Rd.
in the United States. 3747 Hecktown Road is fully oc- cupied by Phillips Pet Food & Supplies, serving as the com- pany’s corporate headquarters and primary distribution loca- tion in the Northeast United States. “Demand on this asset was very strong as buyers continue to seek well-located stabilized assets throughout Eastern Pennsylvania, particularly
in the Lehigh Valley,” said Albert J. Cor r, senior vice president from Endurance. “The Lehigh Valley remains a top industrial market in the country for both investors and tenants, alike,” Plower said. “3747 Hecktown Road is well located within the market and is a highly functional ware- house with a surplus of excess car and trailer parking, which is difficult to replace. Given
Jeff Lockard
Zach Maguire
I-78 and the region’s impres- sive highway network. 3747 Hecktown Road also benefits from access to both the Lehigh Valley Airport and the largest FedEx Ground Shipping Hub
Greater Reading Chamber Alliance’s Building Berks event honors 10 projects
projects represent: • Over $123 million in total investment • Nearly 2,000 construction jobs • Over 700 jobs were created and retained • Over 2.2million total square- footage developed, renovated, or newly constructed All nominated projects must have been completed between July 2019 and July 2021. The categories included: • Adaptive Reuse • Commercial Renovation/ Restoration • Education • Healthcare • Housing – Single + Planned Community • Industrial • Office Projects were evaluated based on design, aesthetics, and economic impact by a group of distinguished judges representing various indus- tries. • Greg A. Bogia, PE, PTOE - Bogia Engineering • Scot O. Graham, AIA, LEED AP BD+C - Muhlen - berg Greene Architects • Miguel A. Herrera, Assoc. • Miscellaneous • Restaurant/Bar
READING, PA — A a year off due to the pandemic, the Greater Reading Chamber Alliance (GRCA) hosted more than 150 people for the third Building Berks Awards &Expo at the DoubleTree by Hilton Reading. Event attendees were able to watch videos of winning proj- ects while enjoying appetizers and a signature cocktail made with ingredients from one of the evening’s winners, Reading Distilling Guild. A few of the businesses rec- ognized won for awards in multiple categories. “Our firm is honored to have received TWO 2021 Building Berks awards! The Reading Distilling Guild was awarded in the Restaurant and Bar design category, and our work with Christ Episcopal Church was awarded in the Commer- cial Renovation/Restoration category. Both projects are exciting contributions to the burgeoning revitalization oc- curring in Downtown Reading, and we are proud to have our designs play a role in shap- ing the future of our great community,” said Suzanne Cody , marketing coordina- tor at Muhlenberg Greene Architects .
AIA, SCANY. - Milan Con - sulting Group • David N. Hunter, Sr. AICP Berks County Planning Commission • Elizabeth A. Magovern - Hartman, Valeriano, Ma - govern & Lutz, P.C. • Sarah Phillips - Irish Creek 2021 Bui lding Berks Awards winners: • Adaptive Reuse: RADIUS Corporation • Commercial Renovation/Res - toration: Christ Episcopal Church • Education: Alvernia Uni- versity - Tom&Helen Flynn PLEX • Healthcare: Drexel Univer- sity College of Medicine at Tower Health • Housing – Single: Kate & Steve Murray - 600 N. Brobst Street Renovation • Housing – Planned Com - munity: The Highlands at Wyomissing - New Villas at the Highlands • Industrial: Berks 61 • Office: KNG Equity - Penn Square Plaza • Miscellaneous: Reading Public Museum - Nefrina Exhibit • Restaurant/Bar: Reading Distilling Guild MAREJ
Shown from left: GRCA President & CEO Jim Gerlach presents the Building Berks award in the Restaurant/Bar category to Muhlenberg Greene Architects' James Sarro, Reading Distilling Guild owners Kate and Chris Flowers and John Weidenhammer.
The event and awards were developed in 2018 as an op- portunity to spotlight and cel- ebrate innovation and positive economic growth and develop- ment through construction projects in Greater Reading, Pennsylvania. Applicants sub- mitting nominations for proj- ects were asked to include all parties involved — from the banking institution to the contractor to the municipality — to honor everyone involved in making projects in our com- munity come to fruition!
The nominees of the 2021 Building Berks Awards are part of a larger story we have been telling about Greater Reading for some time — our region is growing and is primed for even more development. The 2021 nominated projects are more than just the walls and square footage, they repre- sent opportunity, growth, jobs and possibilities for our region. The 25 nominated projects provided a snapshot into how the Greater Reading region con- tinues to grow. The submitted
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