Real Estate Journal — Pennsylvania — August 11 - 24, 2017 — 7C


M id A tlAntic

P ennsylvania

Eastern PCm, llC has been hired to represent Cm Regent during the tenant build-out Campbell Commercial Real Estate, Inc. finali]es 27,00 sf office lease in Mechanicsburg

Estate, Inc. ann o un c e d the finaliza- tion of a lease for 27,800 s/f at 300 Ster- l i ng Pa r k - w a y , M e - chanicsburg. CM Regent I n s u r a n c e Company, a wholly owned subsidiary of Church Mu- tual Insur- ance head- quartered in Merrill, WI, M

will be occupying space on the st Áoor of the 0,000 s/f building owned by Sterling Place Associates, LLC. The of- fice will serve as C0 5egent·s regional operation center. Art Campbell and Jes- sica gasper of Campbell Commercial Real Estate, Inc. represented CM Regent In- surance Company during the negotiations. Eastern PCm, llC has been hired to represent CMRe- gent during the tenant build- out. Occupancy is anticipated in October 2017. n

EChANICsBuRg, PA — Campbell Commercial Real

Art Campbell

300 Sterling Parkway


Jessica Gasper “game-Changer” loan Program for manufacturers and Industrial Firms The state of PA has an- nounced a limited-time inter- est rate incentive to encour- age eligible manufacturers and industrial firms to maNe investments and grow jobs in the Commonwealth through the Pennsylvania Industrial Development Authority (PIDA) program . A 2% interest rate will be fixed for the full term of the loan for any PIDA borrower whose loan application is re- ceived on or before Dec. 31, 2017, according to the PA Dept. of Community and Economic Development . The lehigh Valley Eco- nomic Development Corpo- ration (lVEDC) administers 3,'A and other financing pro- grams. JohnKinglsey , LVEDC 93 of financing, said this is the lowest fixed rate the program has seen inmore than two years. “This is a game-changer for the program,” Kingsley said. ´7wo percent fixedrate financ- ing for real estate and machin- ery equipment for a term of up to 15 years is remarkable. You can’t get this anywhere else.” The new 2% interest rate will last until Jan. 1, 2018 or until certain lending thresholds are met, after which interest rates will be set using a traditional spread above the 10-year trea- sury, according to the state. For more information, con- tact the LVEDC Finance De- partment, or fill out a )inancial Inquiry form on the LVEDC website. n

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