Real Estate Journal — April 27 - May 10, 2018 — 25A
www.marejournal.com
M id A tlantic
M id A tlantic R eal E state J ournal
Hitchings of SSH completes long term lease on behalf of Surin and Griffin TDK Commercial Advisors announces over $2.7 million in new Philadelphia transactions
P hiladelphia, PA — Thomas Kramer , president of TDK Com- mercial Advisors (TDKCA) , announced a series of newly completed office leases on be- half of several clients in Penn- sylvania. TDKCA represented the law firm of Francis and Mailman, Moove In Self Storage expands into Middletown, NY
P.C. in their relocation to 1600 Market St. The firm had been located in 100 South Broad
represented the firm for over 15 years. For this transaction, we looked at over 20 CBD proper- ties and narrowed a short list to four properties. After care- fully evaluating the financials, and design advantages of each property, we chose 1600Market St. I am really excited for the firm as their new space will fully represent their brand, and meet all of their physical space, technology, and growth needs”. Financial terms of the transac- tion have not been released. TDK Commercial Advisors also represented the owner of the Cast Iron Building, 718 Arch St. in Philadelphia, in
completing several new leases. Surin and Griffin leased 2,500 s/f and will occupy a portion of the newly renovated seventh floor. The firmwas represented by Brian Hitchings of SSH and completed a long term lease. The United Negro Col- lege Fund leased 1,500 s/f and will occupy the property in May of 2018, relocating from 211 North 13th St. Patrick Grenko of JLL represented the tenant. Kramer noted that “The Cast Iron Building is now 94% leased, we are proud to have represented the Landlord in achieving this high occu- pancy level”. n
St., Philadel- phia for over 15 years and will be mak- ing the move to West Mar- ket St. in Oc- tober of 2018. Francis and Mailman will
Thomas Kramer
be occupying 7,500 s/f, in what will be state-of-the-art law firm facilities. Nelson Architects is the lead project designer and project manager. Kramer remarked that “TDKCA has
1600 Market St.
State Route 17M
Middletown, NY — Locally owned and operated Moove In Self Storage has expanded their portfolio into the Middletown market. They have acquired Lock & Leave Self Storage, located on State Route 17M just north of Route 302 with excellent visibility. This acquisition will add an additional 28,300 s/f of storage to the Moove In Self Storage portfolio, which now stands at 23 locations throughout PA, MD, NJ and NY, and is man- aged by Investment Real Estate Management, LLC . Several property improvements are planned such as new sig- nage and renovations to the rental office as well as paving and replacing doors, among The facility was built in 1988 and consists of five single story buildings with more than 240 drive-up access storage units. Existing amenities include an on-site rental office, exterior lighting, perimeter fencing and a gate with electronic keypad entrance. When asked about the ac- quisition, Dana Sinsheimer , District Manager for Invest- ment Real EstateManagement, LLC, said, “This property fits well into the Moove In Self Storage portfolio, with our two New Jersey stores just a short drive away. We are excited to get some capital improvements completed at this location and give it the Moove In facelift.” She continues. “It’s great to be part of such a successful, grow- ing company. I look forward to serving this new market and providing the best storage solu- tions for our new customers in New York.”
Commercial • Multifamily • Retail • Industrial 267–314–8635 www.rhappraisals.com PA-NJ-DE
Made with FlippingBook Learn more on our blog