P ennsylvania
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Real Estate Journal — Pennsylvania — Section C
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M id A tlantic
Angelone & Heald of CBRE/New England also represent the seller Nathanson of CBRE/Philadelphia closes a retail investment sale for $27 million P H I LADELPH I A , PA — CBRE, Inc. (CBRE) has brokered tion, LLC of Massachusetts, acquired the property for $27 million or $204.91 psf. Turnpike
HI-LIGHTS AUGUST 15 - 28, 2014 the sale of Turnpike Plaza located at 253 Amherst St. in Nashua, Hillsborough Coun- ty, NH. CBRE represented the seller, Allen Nashua, LLC, a New Hampshire lim- ited liability company. The transaction was led by Chris- topher Angelone , executive vice president CBRE/New England, Brad Nathanson , Executive vice president CBRE, and Nat Heald , se- nior vice president CBRE/ New England. Chop Acquisi-
Plaza i s a 131,768 s/f s h o p p i n g center an- cho r ed by Whole Foods Market. As a result of its excellent location and its proximity to several of the region’s most dense- ly populated n e i g h b o r - hoods, Turn- pike Plaza has been se- lected as the home of the first Whole Foods Mar- ket in the state of New Hampshire, scheduled to open in the summer of 2014. “Given the
Christopher Angelone
Brad Nathanson
Turnpike Plaza tion of Whole Foods attracts best of class retailers, which in turn allows an owner to realize much better rental appreciation given the ad- ditional foot traffic generated for the remaining tenancy. In the end we traded the asset to a local 1031 private trust that paid all cash.”
center’s superior positioning in the market coupled with a new 20-year lease from the top premier spe- cialty gro- cer in the country, the prop- erty had a tremendous de- mand from the Whole Foods frenzy,” said CBRE/ New England’s Angelone. Brad Nathanson adds, “The addi-
The property is co-anchored by Staples, A.C. Moore, and Bob’s Stores. It sits in a supe- rior retail location at the con- fluence of the area’s main re- tail thoroughfare, Rte 101A, and the regional highway, the Everett Turnpike (Rte 3), near the Massachusetts border. n
SPOTLIGHT
Pennsylvania Elite 5-13C
Nat Heald
NAI Summit’s Dorman & Crampsie broker 22,836 s/f office sale
Transactions totaling 105,794 s/f Deerin & Hummel of LMS Commercial rep owner in $9.35m sale of 91,319 s/f warehouse
Madison Farms, 4717 Free- mansburg Rd., Bethlehem. The 123,001 s/f Madison Farms is currently under construction with space delivery in early 2015. The landlord was repre- sented by David Nicholson and Blake Gross of LMS Com- mercial Real Estate. Hertz and uBreakiFix have respectively leased 1,472 s/f and 1,500 s/f leases at Round the Clock Center, 303 Arsenal Rd., York. The 9,500 s/f Round the Clock Center is strategi- cally located at I-83 and Rte. 30 with a combined traffic count of over 100,000 cars per day. The landlord was represented by David Nicholson and Blake Gross of LMS Commercial Real Estate. n
LANCASTER, PA – LMS Commercial Real Estate , a privately owned real estate company based in Lancaster, have recently arranged the following transactions ARCP ID Mohnton PA, LLC has recently purchased a 91,319 s/f warehouse building for a $9.35 million at Iron Mountain Warehouse, 30 Kremp Rd., Mohnton. IronMountainWare- house was previously owned by Archive Warehouse, LLC and is leased by IronMountain. The property sits on (+/-) 13.5 acres and is adjacent to Rte. 568 and Interstate 176 in Mohnton. The owner was represented by Joseph Deerin and Ted Hummel of LMS Commercial Real Estate and the buyer was
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Grace of Landmark Commercial Realty completes 8,300 s/f
surrounded by a mix of retail, warehouse, light manufactur- ing, repair shops and offices. The landlord was represented by Wilay Boensch of LMS Commercial Real Estate Elements Massage, Super- cuts and Subway have re- cently signed leases for 1,803 s/f, 1,413 s/f and 1,287 s/f at
represented by Erik Gainor of Marcus and Millichap . Signal 5 Fitness has leased 7,000 s/f lease at Derry St. Properties, 7400-8000 Derry St., Harrisburg. The 145,151 s/f Derry St. Properties is ide- ally located for easy access to Rte. 322, I-83, PA Turnpike and Rte. 283. The property is
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