8C — January 16 - 29, 2015 — Pennsylvania — M id A tlantic
Real Estate Journal
E astern PA Leases increase presence to 615,000 s/f within the Philadelphia Industrial Park Roddy Inc. announces 57,750 s/f lease & 92,000 s/f renewal for Catalent Pharma Solutions
HILADELPHIA, PA — Roddy Inc. , the Bensalem-based in- dustrial and commercial real estate brokerage firm, recent- ly announced that Catalent Pharma Solutions, LLC have leased approx. 57,750 s/f at 10360 Drummond Rd. and renewed its lease on approx. 92,000 s/f at 3031 Red Lion Rd. in the Philadelphia In- dustrial Park, Philadelphia. The term leases togeth- er with Catalent’s existing operations located at 3001 Red Lion Rd. increases the company’s presence within P
3031 Red Lion Rd.
the Philadelphia Industrial Park to more than 615,000 s/f. Frank Roddy of Roddy Inc. represented the owner- ship, Auroras Encore LLC, in Catalent’s leasing of its Drummond Rd. facilities as
well as its Red Lion Rd. fa- cilities. The long-term leases call for an aggregate rental in excess of $4.25m Catalent Pharma Solutions offers unparalleled expertise in a range of proprietary pharmaceutical and biotech- nology packaging innovations for healthcare clients across all markets. Auroras Encore LLC, the owner of the properties and affiliate of Sant Properties, is a real estate investment/ development firm, based in Huntingdon Valley, Penn- sylvania. n Lieberman Earley & Co. leases 3,200 s/f of office space EXTON, PA — Lieber- man Earley & Company acting as the agent for the tenant, has negotiated a new lease agreement for 3,200 s/f of medical office space in Suite 200 located at 470 John Young Way in Exton. Bill Wilson , a senior sales associate with Lieberman Earley and Co., was the agent who arranged the lease agree- ment for the tenant, Empower Physical Therapy, and the owner, 470 Partners, L.P., was represented by Eric McCurdy of Brite Realty Services, Inc. According to Wilson, “470 John Young Way is located within the Oaklands Corpo- rate Center in Exton, one of the fastest growing areas in the nation. This multi-tenant, one story office building con- tains a total of 15,275 s/f and is conveniently located to the King of Prussia area, Phila- delphia and Wilmington.” n 470 John Young Way
10360 Drummond Rd.
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$13,300,000 Ashbridge Manor Senior Living SIZE: 123 UNITS CITY: DOWNINGTOWN, PA LENDER: CMBS
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$28,000,000 Presidential Arms Apartments SIZE: 460 UNITS CITY: ALLISON PARK, PA LENDER: FREDDIE MAC
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