January 2023

12B — January 2023 — Pennsylvania — M id A tlantic Real Estate Journal


P ennsylvania

NAI CIR announces recent transactions

McHale represented both the buyer and the sellers Beacon CRE announces sale of 4044 – 4050 Main Street

BRISTOL, PA — Roddy Inc. recently announced that it represented Gentell in leas- ing the 53,696 s/f modern one- story building located at 180 Rittenhouse Circle, Keystone Industrial Park, Bristol. Gentell is one of the largest vertically integrated wound care companies in the world that provides efficient, afford- “Thomas Park was attract- ed to Marple Commons for its locational advantages, a proven and densely populated medical node with an attrac- tively diverse medical rent roll. Thomas Park expects to continue to attract high caliber BROOMALL, PA — CBRE announced the sale of Marple Commons, a three-building medical office park totaling 57,760 s/f at 2000, 2002 and 2004 Sproul Rd. in Broomall. Maryland-based Thomas Park Investments acquired the buildings for $11.6 million. The CBRE Capital Markets Team of Stephen Marzullo and Adam Silverman , along with Stephen Kriz of CBRE’s Advisory & Transaction Ser- vices, spearheaded the mar- keting of the park and rep- resented the seller, Hudson Companies of Hermitage. In the past 18 months, the Marzullo and Silverman team has exclusively represented and closed five medical office and life sciences investment property sales totaling $42.5 million on behalf of private capital clients. LLC is pleased to announce successfully completing the following sale transaction. Citylight Church, a part of the Christian and Mission- ary Alliance will make the recently purchased property located at 4044 – 4050 Main St., Philadelphia their future headquarters. The building is 26,000 s/f with three ad- ditional parcels, which were included in this transaction. Colin McHale represented both the buyer, Citylight Church, and the sellers, Gary and Susan Gevurtz. MAREJ P HILADELPHIA, PA — Beacon Com - mercial Real Estate

2501 Sycamore St.

4044 – 4050 Main St.

CBRE arranges $11.6 Million sale of three medical office buildings totaling 57,760 s/f

3920 Chambers Hill Rd.

Marple Commons

medical tenancy to the asset given the assets convenient location, abundant parking, and future building enhance- ments planned for the months and years ahead,” said Mr. Marzullo. At the time of sale, Marple Commons was 98% leased to a diversified mix of 21 tenants including Premier Orthopae- dics, Children’s Hospital of Philadelphia (CHOP), Main Line Healthcare, Kidney Care Specialists and Labcorp. Thomas Park Investments purchased Marple Commons able, patient-specific wound treatments to patients in nurs- ing homes, hospices, hospitals and other settings. Roddy Inc. represented Ford Road As- sociates in the renewal of a unit located within Keystone Business Center I, 2014 Ford Rd., Bristol, Bucks County, PA. Sean Durkin of Roddy Inc. handled the transaction on

behalf of Ford Road Associates. TVC Management Corp. d/b/a The Vapor Chef has re- newed their lease of 4,240 s/f. Headquartered in Bensalem Twp., Roddy Inc. is a mar- keter, manager and developer of industrial and commercial real estate throughout Eastern Pennsylvania and Southern New Jersey. MAREJ through Thomas Park Growth Fund I, an investment vehicle that has aggregated over $3 million of NOI over the last eight months by purchasing PA and NJ medical office assets. With a ripe pipeline the portfolio is positioned to continue its growth into 2023. “It was a pleasure working with CBRE and the Hudson Companies on this transac- tion. We intend to carry their good work on the asset for- ward,” said Alex Kopicki , CIO, principal at Thomas Park Investments. MAREJ

2011 N Third St.

on the corner lot of Chambers Hill Rd. and S. 40th St. in a highly dense residential, retail and commercial office area. Amber Corbo , of NAI CIR, handled the transaction com- pleted on December 20th, 2022. The 4,900 s/f, eight-unit free- standing multifamily building located at 2011 N Third St. in Harrisburg has been sold to MC Real Estate Holdings. Minutes from downtown Harrisburg, the three-story historic masonry is in northern Midtown. James Ross , of NAI CIR, represented the seller and Chris Good, of Keller Williams Elite , repre- sented the buyer. MAREJ

HARRISBURG, PA – NAI CIR announced the following transactions: The 11,600 s/f industrial space located within the 60,000 s/f property at 2501 Syca- more St., Harrisburg has been leased. The office/warehouse space will be used by a re- gional construction firm. The neighboring area is comprised of major distribution centers. Daniel Alderman , of NAI CIR, represented the landlord in the transaction. The 3.29 acre site located at 3920 Chambers Hill Rd. in Harrisburg has been sold for $900,000. This tract is located

Durkin of Roddy, Inc. inks 53,696 s/f lease

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