Mid Atlantic Real Estate Journal — Brokerage Directory — July 31 - August 13, 2015 — 5C
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B rokerage D irectory
ere we are working, some of us, through the dog days of sum- By John Crampsie, NAI Summit The Dog days of summer: There are leases to be signed and agreements to be negotiated H of publicity concerning office deals in the Lehigh Valley has revolved around the NIZ in downtown Allentown. believes the old saying about the summer months.
Veterans would tell me to take the summer off since nothing happens anyway. I could never get myself to buy in that approach other than taking a little more time off every summer. My daughter is renting a house in the Hamptons for the summer makes those words of wisdom in the past resound even louder. I am hearing more moans from agents about finishing deals this time of year. Leases are out for signature, agreements of sale are sitting in the attor- ney’s offices. I guess somebody
downtown from office users, keeping your reporter’s pen on this pulse is not very difficult. Morgan Stanley is the most recent and publicized defector. They combined two local loca- tions to a downtown office. We handle leasing at one of the buildings they left and have a prospect for the other. So maybe doing business in the summer will take on a new meaning although I would never tell my daughter not to rent that summer house. John Cramps i e i s a founding principal of NAI Summit. n
On the absolute sunny side, is the fact that there are leases to be signed and agreements to be negotiated. Here at NAI Summit, I have been more content to dress for a day at the office in the 90+ degree weather. We have seen more activity in the office market than in any past summer. An 8,000/ft office deal here, an 18,000/ft deal there and the sale of a number of of- fice condos. I would mention these represent suburban deals since the main artery
mer in the c o m m e r - cial real es- tate world. I remember early on in my career, w h e n e v e r tha t was , some wily
I have said on many occa- sions, downtown is for some, but not all. It humors me now when I receive calls from re- porters asking me about the impact the NIZ is having on the office market. The levity stems from the fact that I have never seen so much public- ity for an office deal as when someone moves downtown from the suburbs. So there it is for everyone to see. Since there has not been a stampede
John Crampsie Colliers facilitates sale of commercial Property in Lehigh County for $1.8m
Available Office Space
7744 Adrienne Dr.
BREINIGSVILLE, LE- HIGH COUNTY, PA —O.R.E Rentals purchased a third loca- tion in the area to serve their clients on the west end of the Lehigh Valley. The 20,660 s/f building at 7744 Adrienne Dr., Breinigsvill was purchased for $1,812,550. Derek Zerfass , senior vice president of Colliers Interna- tional Allentown represented O.R.E. Rentals. Their other lo- cations are in Quakertown and Easton, PA. The seller: Krause Family Partnership, LLP was represented by Jay Haines of NAI Summit . In a separate transaction, Colliers International has leased one of the last large blocks of contiguous class A space in the Fort Washington submarket to a single user. The 75,000 s/f trophy office building at 335 Commerce Dr. will become the new corporate headquarters for TruMark Fi- nancial Credit Union. They will also add a branch location with a drive-thru on-site. TruMark Financial Credit Union selected the site because of its strategic location and great visibility. The property also offers excellent access to major roadways including the Pennsylvania Turnpike and Route 309, in a desirable of- fice market in the heart of the Philadelphia suburbs. Greg Soffian and Matthew Sall of Savills Studley rep- resented TruMark Financial Credit Union. The Colliers team of John Susanin, Kyle Hilbert , and Sandy Richard- son represented the owner, Somerset Properties. n
FOR LEASE! Suites available ranging from 3,000 sf up to 26,000 sf in a totally renovated Class A office bldg in office park location, ample parking, less than 1 mile from Rt 22 with easy access to Rt 309 & PA Turnpike 476 1550 Pond Road, Allentown
5250FreemansburgAve,Bethlehem 2040 Avenue C, Bethlehem
FOR LEASE! 15,000-32,000 sf suites in a single story Class A office/flex bldg; Ample parking and flexible floor plans; Centrally located in the Lehigh Valley; Easy access to Routes 22, I-78, 33, 512 and 145 ! f i av ilable in Class A office/fl x bldg, ample arking and flexibl floor plans, centrally located in the i ll , e
FOR LEASE! BRAND NEW OFFICE SPACE! 2,000-6,000 sf medical/professional office space located in brand new office building, excellent demographics, sits on busy Free- mansburg Ave, easy access to Rts 33, 22 & I-78
FOR LEASE! Entire 7th flr available, 3,976 sf in 10 story Class B office bldg in the heart of downtown, neighbors to the new hockey arena, Lehigh County Government Center & various amenities nearby, $8.50/sf + electric 638 Hamilton Street, Allentown
FOR LEASE! Suites from 1,000 sf & up in a recently renovated 29,088 sf office building with ample parking & great visibility, easy access to Routes 412, 378, 22, 512 & I-78, $16.25/sf includes electric & janitorial 520 E Broad St, Bethlehem
FOR LEASE! FULLY BUILT OUT MEDICAL SUITES! Sizes ranging from 1,979-3,140 sf, ample parking, handicap accessibility, adjacent to Luther Crest Retirement Village, easy access to I-78/309 & PA Turnpike 476 798 Hausman Road, Allentown
FOR LEASE! 3,500 up to 7,000 sf subdividable space available in a two story, multiple tenant Class A office building, ample parking, three lane drive thru, excellent visibility, directly on busy Rt 512 with over 24,000 VPD 4510BathPike (Rt 512), Bethlehem
FOR SALE OR LEASE! 2,910 sf two story medical office building with waiting room, reception area, kitchen and multiple private rooms, excellent demographics, right off Freemansburg Ave, minutes to Route 33 3844 Linden St, Bethlehem
FOR LEASE! AGGRESSIVE RATES! High visibility from Route 512 with easy access to Routes 512, 22, 33 and 378, close to LV International Airport, area amenities include restaurants, retail and more 95 Highland Avenue, Bethlehem
CONTACT NAI SUMMIT | 610.264.0200 | 3435 WINCHESTER RD., SUITE 300, ALLENTOWN, PA 18104 | WWW.NAISUMMIT.COM RETAIL • OFFICE • MEDICAL • INDUSTRIAL • MIXED USE • LAND • INVESTMENT
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