C entral P ennsylvania
Real Estate Journal — Central Pennsylvania — August 9 - 22, 2019 — 7C
www.marej.com
M id A tlantic
355 N. 21st St. in Camp Hill sells for $3.9 million Dunkle and O'Shea of Marcus &Millichap brokers 73,289 s/f office building in Harrisburg for $4.65M
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buyer, Thank You Hashem, was secured and represented by Dunkle as well. “This market is very attrac- tive for buyers with limit- ed available inventory,” said Dunkle. “The property was on the market for less than 45 days, during which time we generated more than five offers and seven tours.” The office building is located at 355 N. 21st Street and Route 15 / Camp Hill Bypass in Camp Hill. The building was con- structed in the 1970's, with the most current major reno- vation completed in 2007. The 16 current office suites range from 500 s/f to 6,500 s/f and have recently been renovated through new tenant fit-outs. There are approximately 110 exterior parking spaces, and 25 covered interior parking spaces spread across the 1.4 acres the property lies on. initiative. Lee & Associates of Eastern Pennsylvania is com- mitted to providing market- leading research and support while remaining grounded in exceptional client service. For the latest news from Lee & Associates of Eastern Pennsyl- vania, follow us on Facebook, LinkedIn and Twitter or visit us on the web at http://www. lee-associates.com/pennsyl- vania Celebrating more than 40 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illi- nois, Indiana, Kansas, Mary- land, Michigan, Missouri, Ne- vada, New Jersey, New York, North Carolina, Ohio, Pennsyl- vania, South Carolina, Texas, Toronto, Ontario, Vancouver BC and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized com- mercial real estate services on a local, regional and national level.
ARRISBURG, PA — Marcus & Millichap announced the sale
100 N. Cameron St., a 73,289 s/f office property located in Harrisburg. The asset sold for $4.65 million. Craig Dunkle , senior associ- ate, and Mark O'Shea , associ- ate, in Marcus & Millichap’s Philadelphia office, had the listing to market the property on behalf of the seller, Brickbox Enterprises LTD. The buyer, Halzlucha, LLC, was secured and represented by Dunkle as well. “Brickbox Enterprises LTD had owned the property since 2006 and wanted to sell to further their investments into other assets through individual 1031 exchanges,” said Dunkle. “Both parties are involved in a 1031 exchange.” The four-story, brick & ma- sonry office building is located
100 N. Cameron St
on the corner of Cameron & Walnut St. in Harrisburg. The property was constructed with 8 to 12-inch-thick concrete blocks and is well known as one of the first fireproof buildings in
the city of Harrisburg. In a separate transaction, Marcus &Millichap announced the sale of a 26,541 s/f office property located in Camp Hill, Pa. The asset sold for $3.9 mil-
lion, equating to $147 psf. Dunkle marketed the proper- ty on behalf of the seller, 355 N. 21st Camp Hill Associates, who had owned the property since 2003. The New York based
Lee & Associates welcomes two industry veterans to Central PA
their leadership and profession- alism as we continue to grow and expand the company in the
of our successful execution on targeted growth plans along multiple service-line offerings.” With over 50 years of real es- tate banking and finance expe- rience, Nalbandian specializes in multiple key business lines including sales and leasing of commercial and industrial properties, project development in the retail sector, planning consultancy, acquisition of mu- nicipal and zoning approvals, and financing of commercial properties. In his new role, he will focus not only on leasing and sales, but as a leader and mentor to the company’s team of up-and-coming agents, as well as its established platform of senior associates. In addition to NAI CIR, Nalbandian also served as the founder, chairman, presi- dent and CEO of Metro Bank, a three-billion-dollar asset bank with 34 offices across the region. He earned his B.A. from Penn State University, and is a licensed real estate broker in the Commonwealth of Pennsylvania. He also sits on the boards of several or- ganizations and is a member of multiple real estate and
finance organizations. Swidler brings 25 years of commercial, retail and industri- al sales and leasing real estate experience to Lee & Associates from NAI CIR, where he suc- cessfully negotiated transac- tions on behalf of numerous Fortune 500 companies and pri- vate investors. He has brokered various transactions for retail stores, restaurants, car dealer- ships and laundromats. Swidler earned a degree in Real Estate and Finance from the John L. Grove College of Business, Shippensburg University of Pennsylvania, and is a licensed real estate agent in the Com- monwealth of Pennsylvania. He also is a member of several real estate organizations. Lee & Associates of Eastern Pennsylvania began opera- tions in May 2015 under the leadership of principals Brian Knowles, CCIM, SIOR , and John Van Buskirk, SIOR. Long recognized individually as na- tional leaders in the industrial real estate business, they have chosen to take their over 45 years of combined real estate experience in a new direction – as broker-owners of this new
MECHANICSBURG, PA — Lee & Associates , a national full-service commercial real
Pennsylvania marketplace and beyond,” he continued. N a l b a n - d i a n a n d Swidler both come to Lee & Associates f r o m N A I
estate bro- kerage firm, recently an- nounced the addition of two i ndus - try veterans to its team o f p r o f e s - s i ona l s o f -
Gary Nalbandian Brad Swidler
CIR, a brokerage firm founded by Nalbandian in 1970. While at NAI CIR, Nalbandian was a mentor to John Van Buskirk, SIOR , the co-founder of Lee & Associates of eastern Pennsyl- vania. "Gary and Brad bring experi- ence and client relationships that will augment our thriv- ing industrial practice, and that are foundational in our establishment and expansion of retail office, investment sales, and consulting services throughout the region," stated David Grove , managing di- rector. With responsibility for recruiting new talent, in addi- tion to operations and business development, Grove added, “these key hires are reflective
ficed in Central Pennsylvania. Gary Nalbandian and Brad Swidler will both serve as principals at the firm. Nal- bandian will focus his efforts on retail brokerage sales and leasing, while Swidler will be responsible for commercial retail and industrial sales and leasing, as well as investment sales. “It is with great pleasure that we welcome Gary and Brad to our team at Lee & Associates,” said Joel Kreider, SIOR, princi- pal and broker of record. “Both bring extreme talent, unparal- leled localized market knowl- edge, and a combined total of more than 75 years of com- mercial real estate experience to our firm. We look forward to
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