12C — January 16 - 29, 2015 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
P ennsylvania
ORK, PA — RhinoRe- alty Group, Inc. has announced the follow- Traynham and Potter rep. parties in multiple leases Rhino Realty Group, Inc. announces transactions in PA Y
Soss & Soss of Karmar represents all parties Karmar Realty announces two sales totaling over $1.2m
Chadds Ford, PA — KarMar Realty Group, Inc. announced the sale of two Delaware County properties. The sales price of the two prop- erties totaled in excess of $1.2 million. The first property was a 3,119 s/f, single-story, free standing building on a .75 acre site located at 67 Wilmington Pike in Concord Township. The second property was raw ground located at the corner of Brandywine Dr. and Rte. 1 in Chadds Ford, PA. “The Wilmington Pike prop- erty was sold by Arora Leasing Group, LP to Orth 202,” said J ustin Soss , executive vice
president of KarMar Realty Group, Inc. “The property had been a retail site, but the new owners intend to use the build- ing as office space. “The 5.7 acre Rte. 1 site was sold by Gakis Property Hold- ings, LLC to the Henderson Group, Inc. The site is currently zoned B-Business and LI-Light Industrial. Pending appropri- ate approvals, the Henderson Group is planning to build a hotel and restaurant complex on the site,” said Soss. JustinM. Soss and Marshall Soss of KarMar Realty Group, Inc. represented all parties in the transactions. n
will open in early 2015. Trayn- ham represented the tenant. Mess ina Hi ghl ands in Shrewsbury, PA is now open. Kevin Potter of Rhino Realty Group, Inc. represented the owner/landlord of the project. The following tenants will occupy spaces in the center: AT&T represented by Gary Leon of CBRE/Fameco , Great Clips represented by Steve Clipman of ROCK , Chipotle represented by Rick Shuck of CBRE/Fameco, Five Guys represented by Chad Stine of Bennett Williams , Clear Choice represented by Kevin Potter of Rhino Realty Group, Inc. and People’s Bank represented by Bob Behler of Bennett Williams. n
during construction. Container Store recently signed a deal at the Fash- ion Center a t C h r i s - t iana Mall in Newark, DE. Bobby Traynham o f R h i n o R e a l t y Group, Inc. and Scot t Muller of CBRE represented the tenant. Vineyard Vines opened a flagship store on King St. in Charleston, SC. Traynham represented the tenant. West Elm recently complet- ed a deal at Rockvale Square Outlets in Lancaster, PA and
ing activity: West Man- chester Town Center rede- v e l o pme n t i n Y o r k , PA i s wel l unde rway . Rhino Realty Group, Inc.
Bobby Traynham Kevin Potter
is representing the owner/ landlord and recent deals include Petco, Kirklands, Bur- lington, LOFT, Charming Charlie, AT&T, Buffalo Wild Wings, DSW, GNC, Firehouse Subs, GameStop and Kay Jewelers. Walmart, Kohls and Regal Cinema remain open
Gross of LMS Commercial reps. landlord in 1,800 s/f lease
CBRE, Inc. represents owner in 11,000 s/f lease, welcomes Gorman, Shover & Schrenk
UPTOWN, PA — CBRE, Inc. and Boulevard Build- ing, Inc. are pleased to an- nounce that award-winning Pittsburgh architectural firm Lami Grubb Architects has signed a long-term lease for over 11,000 s/f of office space at the Forbes Pride Building in Uptown. The steady expansion of Lami Grubb’s business caused them to outgrow their current space in Edgewood, and seek a larger, architecturally compel- ling space in the fringe-Down- town location. The Forbes Pride Building offers the firm a full floor of loft-style of- fice space–featuring exposed brickwork, wooden beams and abundant natural light–as well as a more central loca- tion in Pittsburgh, improved public transportation access and parking. Forbes Pride is a 65,800 s/f building offering modern office space near Duquesne Univer- sity and Mercy Hospital. The property has been owned and operated by Boulevard Build- ing, Inc. for over 50 years. Peter Smerd , president of Boulevard Building, Inc., com- mented on the changes he has seen occur around the building in recent years. “The wave of recent developments around the property has been truly transformative.” Bob Grubb of Lami Grubb echoed Mr. Smerd’s senti- ments about Uptown’s po- tential, “LGA is invigorated by the prospect of partnering with our current clients and others in the transition of this
neighborhood.” Seeing the possibilities in this downtown-adjacent
Lease transactions. Gorman and Shover join as senior vice president, Schrenk as
n e i g h b o r - hood, LGA has decided to not only locate their o f f i c e s t o Uptown, but also become involved in the neigh- borhood’s success.
sales associ- ate. Gorman and Shover have worked together for the past sev- en years at Marcus & Millichap . “ T o g a i n
Keystone Arms Center
Matthew Gorman
Michael Shover
Carlisle, PA — Blake Gross of LMS Commercial Real Estate , a privately owned real estate company based in Lancaster, has re- cently arranged the 1,800 s/f lease to The Olive Oil at Keystone Arms Center, 1075 Harrisburg Pike, Carlisle, PA. The 27,441 s/f Keystone Arms Center is a new retail and residential development CAMP HILL, PA — Green & Gold Enterprises, the re- gional franchise owner for Sculpture Hospitality, has leased space at 3607 Rosemont Ave., Camp Hill. Sculpture provides all-encompassing solutions for bars and res- taurants. Art Campbell and Jessica Gasper of Campbell Commercial Real Estate, Inc. represented both parties in the transaction. InsuranceNewsNet has leased space at 3500 Market St., Camp Hill and will be relocating their corporate of- fice to the building in the first quarter of 2015. Insurance-
located along U.S. Rte. 11 in Carlisle. The center is in close proximity to both the Pennsylvania Turnpike and I-81. The Olive Oil will be joining tenants like Dollar General, Subway, Napoli Pizza, Lifetime Brands, and Meadows Frozen Custard at Keystone Arms Center. The landlord was represented by Gross. n NewsNet.com is the leading media company serving in- surance and financial profes- sionals and the insurance in- dustry. Campbell and Gasper represented the tenant and Roy Brenner of Landmark Commercial Realty, Inc. represented the landlord in the transaction. GMH Mortgage Services, LLC has leased space at 3913 Market St., Camp Hill. Campbell and Gasper rep- resented the tenant and Brenner of Landmark Com- mercial Realty, Inc. repre- sented the landlord in the transaction. n
this level of experience and net lease expertise is a significant benefit to CBRE,” said Bob Walters , executive managing director of CBRE’s Greater Pennsylvania Region. “Matt and Michael have worked to- gether for the past eight years, and bringing them on board continues the material growth of our regional retail capabili- ties, both on the brokerage and capital markets side.” MatthewGorman joinedMar- cus & Millichap in 2005 and most recently served as vice president investments, director, National Retail Group . Mi- chael Shover joined in 2008, and most recently served as associ- ate vice president, investments. Over the past eight years the team has participated in more than 385 transactions, valu- ing over $1.37 billion. Gorman graduated from Drexel Univer- sity with a B.A. in business, and Shover graduated from Bucknell University with a B.A. in business, as well. Stephen Schrenk joined the team in 2013 after graduating fromVillanova University with a B.A. in Busi- ness Administration, Finance/ Real Esate. n
Andrew Miller , first vice president with CBRE, knows what Uptown can offer, and believes that this location is a perfect fit for Lami Grubb. “This new lease and the net positive absorption it entails is consistent with what we are seeing elsewhere in the market right now. A lot of office space is being filled up by Pittsburgh’s progressive companies who want a stimu- lating work environment, with parking and public transit, in a vibrant neighborhood to support their ability to attract talented employees. Uptown is on a short list of neighbor- hoods that can deliver the whole package,” Miller said. CBRE, Inc. represented Boulevard Building, Inc. Mas- saro Properties represented Lami Grubb. Philadelphia, PA — CBRE, Inc. announced that the team of Matthew Gorman , Michael Shover , and Ste- phen Schrenk has joined the Greater Philadelphia Region’s Investment Properties|Retail division, with a focus on Net
Campbell Commercial Real estate announces three transactions
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