3-13-15

Real Estate Journal — Pennsylvania — March 13 - 26, 2015 — 11C

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P ennsylvania

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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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