Real Estate Journal — Pennsylvania — March 13 - 26, 2015 — 11C
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7,456 s/f at 404 S. Church St. in Robesonia NAI Keystone’s Cole inks sale in Humbolt Industrial Park R obesonia PA — Bryan Cole, SIOR senior associate of
ANOTHER SUCCESSFUL TRANSACTION $21,000,000 University Plaza SIZE: 240,000 SF CITY: WILMINGTON, DE LENDER: CMBS
NAI Key - stone Com- mercial & Industrial, LLC c om- pl eted the sale of 404 S . Chur ch St. in Robe- sonia.
35 Offices Coast-to-Coast
The is 7,456 s/f property was sold to the Conrad Weiser School District. NAI represented the seller in the transaction. n Bryan Cole Olender of Roddy sells 1436 Wells Dr. Bensalem, PA — Roddy Inc. represented 1436 Wells Drive Associates, LLC in the purchase of Units 1, 2 and 3 at 1436Wells Dr., Blanche Rd. Industrial Park, Bensalem, Bucks County, from Alexan- dria Ventures III, LLC for $2.525 million. The 42,000 s/f building con- sists of three industrial con- dominium units and approxi- mately 1,798 s/f of offices. Robert Olender of Roddy Inc. , who brokered the trans- action advised the facility will be occupied by Universal As- set Recovery, LLC an entity related to the purchaser. Uni- versal Asset Recovery, LLC is a wholesale supplier of used office equipment. n SSH Real Estate promotesMuller to COO and Partner PHILADELPHIA, PA — SSH Real Estate has promoted Gregory Muller, Esq. to chief operating officer and partner. Since joining the company in December 2003, Muller has grown into a lead- ership role with direct, daily involvement in the brokerage, management and investment divisions of SSH. An attorney, Muller over- sees all legal aspects of SSH’s three divisions, while also playing an integral role in financing, underwriting, due diligence, and asset manage- ment for SSH’s investment division. In addition, he is responsible for investor rela- tions and SSH’s daily legal work, including drafting and negotiating leases, and is the liaison with outside counsel. n
New Jersey | Philadelphia | Baltimore | Richmond | Washington DC
404 S. Church St.
Downtown office/retail for lease Located adjacent to Santander Arena & new Doubletree Hotel
3,500 SF to 43,000 SF available On-site office provides maintenance Just off State Hill Road, near Rt. 422
Downtown office building for lease Low full-service rates Full value
Open floor plans with plug and play capabilities Mix of office and industrial
Prime downtown location DSL and cabling allow for up-to- date data lines and phone systems
Class “A” Office Up to 19,000 SF contiguous, 47,000 total for lease
Professional tenant mix New ownership and management Frontage on State Hill Road
Single story, direct access Large surface parking field Easy access to Routes 422 and 222
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