8B — January 11 - 24, 2013 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
E ASTERN PA
ALLS TOWNSHIP, PA — Roddy Inc. , the Ben- salem based industrial In Penn Warner Industrial Park Roddy Inc. sells 2 industrial buildings totaling $5.1m F
In Mericle Comm’l. building in Humboldt Genco grows for 2 nd time leasing 200,000 more s/f
and commercial real estate brokerage firm represent- ing 249 Canal Road, LP and 259 Canal Road, LP sold 2 industrial buildings in the Penn Warner Industrial Park, Falls Township, Bucks County, PA to Future Foam, Inc. for $5,100,000. Future Foamhave been a tenant in the facilities for the past 4 years. 249 Canal Road was sold for $2,450,000 and consists of 56,086 s/f on 4.094 acres. The building is heated and sprin- klered throughout, offers 20’8” – 28’ clear ceilings, 8 tailgate loading docks, 1 drive-in door, 3 car rail siding and 1,450 s/f of offices. 259 Canal Road was sold
259 Canal Road
61 Green Mountain Road
companies that are showing strong interest in our Hum- boldt properties.” In addition to GENCO, Mer- icle has also completed leases with E.S. Kluft & Company and PECO Pallet in the park since August. Jones said that with Mer- icle’s existing space in Hum- boldt Industrial Park filling quickly, the developer will fo- cus its attention on converting parcels it owns in the park into Ready to Go Sites. Through its Ready to Go Program, Mericle is preparing more than 90 sites for immediate construction on 1,700 acres in 10 business parks, including two large sites in Humboldt Industrial Park. CAN DO, Inc. president KevinO’Donnell said, “GEN- CO’s expansion is yet an- other example of how Greater Hazleton’s great interstate access, productive workforce and availability of quality in- dustrial real estate are a win- ning combination for growing industries.” ■ As the marketing manager, she is responsible for the direction, the management, and the implementation for all of GREP’s branding, marketing, advertising, and public relations initiatives. Costenbader is a native of the City of Reading. She earned her B.A. in Political Science and her master ’s degree in Public Administra- tion, both fromWest Virginia University. She is an active member of the of the Greater Reading Young Professionals (GRYP) Board of Directors and the Reading Public Li- brary Cocktails and Classics committee. ■ Economic Partnership. She also guided the organization through a website transition and re-launch in early 2012 (GreaterReading.com).
HUMBOLDT, PA — One of the nation’s largest third-party logistics (3PL) companies is expanding its operations in Humboldt Industrial Park. For the second time in less than four months, GENCO has leased more than 200,000 s/f of industrial space from Mericle Commercial Real Estate Services at 61 Green Mountain Road in Humboldt Industrial Park, East Union Township, Schuylkill County. The firm now leases the entire 408,200 s/f building. Mericle vice president Bill Jones coordinated the expan- sion with real estate brokers Brian Zurawski of Cush- man & Wakefield – Summit Realty Group, Indianapolis and Steve Cooper of Cush- man & Wakefield, Phila- delphia . “Humboldt Industrial Park continues to be a desired loca- tion for industrial companies,” said Jones. “We’ve completed leases in the park with three firms in recent months and are working with several other
for $2,650,000 and consists of 60,000 s/f on 4.001 acres. The building is heated and sprinklered throughout, of- fers 27’4”–28’ clear ceilings, 8 tailgate loading docks, 4 car rail siding and 3,000 s/f of offices. The properties are strategi- cally located within minutes com’s occupancy of 40,000 s/f sublet space. Subtenant was represented by Mike Barker of CBRE and Gene McHale represented HotWire.com and the landlord. Jim Dugan of Newmark, Knight, Smith Mack represented Invest Edge in their 4,000 s/f expansion and they now occupy 16,000 s/f at One Belmont Avenue. Gene McHale represented the land- lord in additional transactions including Murphy Quigley, Am Docs, ESP, Cambria Capital Management, J W Kelly As- sociates, Atlantic Wealth, The Ezold Law Firm, City Line Services, Maxwell Lighting and Milgram Theatres Inc.
of Exit 358 (Delaware Valley Interchange) of the Pennsyl- vania Turnpike and Exit 6A of the New Jersey Turnpike, U.S. Route 1, I-95 and Route 13. Travel time to Center City Philadelphia is approximately forty minutes and New York City is approximately ninety minutes. ■ The principals of Beacon including Gene McHale, Mike Flynn , John Greenwald and JimDiBianca , recognize their ability to put the client first by providing their combined ex- pertise on every transaction. Beacon Commercial represents over 3.6 million s/f of space in the Tri-State area with a concentration on the Bala Cyn- wyd, Plymouth Meeting, King of Prussia and Conshohocken submarkets. “Beacon’s core group of professionals each have over twenty years experi- ence in providing outstanding service to our customers,” says Gene McHale, president of Beacon Commercial. ■
Beacon Comm’l. completes leasing transactions at One Belmont Ave. totaling 83,000+ s/f during 2012
RADNOR, PA – Beacon Commercial Real Estate LLC announces it has nego-
tiated over 83,000+ s/f o f rea l es - tate leasing transactions at One Bel- mont Avenue during 2012. Beacon Com- m e r c i a l ’ s
Gene McHale
PHILADELPHIA, PA — Marcus & Millichap Real Estate Investment Services , the nation’s largest real estate investment services firm, has announced the sale of 7615 Whitaker Avenue, a ten unit apartment property located in Philadelphia, PA, according to Spencer Yablon , vice presi- dent and regional manager of the firm’s Philadelphia office. The asset commanded a sales price of $625,000. Fred Paisley and Dana Newton , investment specialists in Marcus & Millichap’s Phila- delphia office, had the exclusive listing to market the property and represented both the seller and buyer for the transaction. 7615 Whitaker Avenue is a 10 unit purpose-built apartment building located within the Gene McHale has been the landlord’s Representative at One Belmont Avenue in Bala Cynwyd, PA for over eight years. Gene completed transactions this year including HotWire.
Scott of GREP announces promotion of Costenbader to marketing manager
Marcus & Millichap complete $625,000 10-unit apt. bldg. sale
READING, PA — Great- er Reading Economic Partnership (GREP) presi-
d e n t and CEO, Jon C. Scott is pleased to announc e t h e p r o - mot i on o f Aaron C. C o s t e n - bader t o the position of marketing manager.
Aaron C. Costenbader
Costenbader joined the organization in 2010 as the Marketing Coordinator. Dur- ing her tenure with the or- ganization she has overseen the re-branding of the orga- nization, which included the organization’s name change from Berks Economic Part- nership to Greater Reading
7615 Whitaker Avenue
Rhawnhurst section of North- east Philadelphia. “Through our aggressive marketing pro- cess we achieved seven offers in just two weeks of marketing the property,” noted Newton. “For a small, stabilized apartment building within the Northeast
section of Philadelphia, the property drew quite a bit of attention,” commented Pais- ley. “To sell this property at a 7.25% cap rate suggests that there’s an increasing appetite for predictable cash flow,” he added. ■
Made with FlippingBook - Online Brochure Maker