Real Estate Journal — Pennsylvania — October 10 - 23, 2014 — 9C


M id A tlantic

E astern PA

P Newton represents both parties in sale of 6300 Hasbrook Ave. in Philadelphia Marcus & Millichap arranges the sale of a 10-unit apartment building for $533,000 HILADELPHIA, PA — Marcus & Milli- chap announced the Philadelphia office. The asset sold for $533,000.

before a buyer was selected. We are seeing prices back at pre-recession levels, which is being driven by, historically low interest rates and over- whelming demand for hard assets with predictable cash flows.” With over 1,300 invest- me n t p r o f e s s i o n a l s l o - cated throughout the U.S. and Canada , Ma r cus & Millichap is a specialist in commercial real estate investment sales, financ- ing, research and advisory services. n

Dana Newton , an invest- ment specialist in Marcus & Millichap’s Philadelphia of- fice, had the listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability com- pany, was also secured and represented by Newton. “There was immediate in- terest in the offering from investors due to the quality of the building and the upside potential as rents are below market. The property was marketed for just two weeks

sale of Has- brook Apart- ments, a 10- unit apart- ment prop- erty located at 6300 Has- brook Ave. in Philadel- phia, accord-

Bryn Merrey

ing to Bryn Merrey , re- gional manager of the firm’s Feinberg Real Estate Advisors, represents tenant in HQ lease

Hasbrook Apartments

Commercial • Office • Industrial • Retail • Sales/Leasing 3971 Independence Drive Schnecksville, PA 18078 4345 Independence Dr. Schnecksville, PA 18078

2355 City Line Rd.

BETHLEHEM, PA — F einberg Real Estate Ad- visors, LLC/ KW Com-

17,500 SF of Exceptional Flex Space

19,000+ SF Building • 2.86 acres located in a small industrial park in N. Whitehall Twp. • 90+ parking spaces. • Perfect for recreational use, professional offices, building trades, etc. • Sale Price $1,099,000 • MLS # 481425 Mary Beth Dolinich Ext. 236

• 17,500 gross SF with 2,275 SF of office. • Large truck court, dock door, 2 drive-up doors, & 18’ ceiling heights

m e r c i a l announced that it rep- r e s e n t e d Peoples Se- curity Bank and Trust in the lease of their first Lehigh Val- ley location.

• Minutes North of Rte. 22, I-78 & I-476 on Rte. 309. • Sale Price $1,300,000/ $4.95/SF NNN • MLS# 472142 Ron Eichenberg Ext. 237

33 East Minor Street Emmaus, PA 18098

6635 Tilghman Street Allentown, PA 18106

Cindy McDonnell Feinberg

Cindy McDonnell Fein- berg represented Peoples Security Bank and Trust in the transaction. Chris Baj of Sperry VanNess represent- ed the Lehigh Northampton County Airport Authority in the transaction. The new branch is located at 2355 City Line Rd., Beth- lehem. “Cindy quickly analyzed our needs, searched the mar- ket for available properties, helped us identify the perfect location in the Lehigh Valley and provided invaluable as- sistance in lease negotiations for Peoples Security Bank & Trust” said Craig Best, president and CEO Peoples Security Bank & Trust. Plans are to open the lo- cation in November after renovations are completed. n

34,000 SF of Office Space An iconic mid century custom built office building in Emmaus now available for sale or lease. Continually updated through- out the years of ownership, this multi functional office build- ing has over 34,000 SF of office space that can easily be divided into smaller areas. Presently over 12,000 SF is leased long term to a charter school. Sale and lease terms offered. $3,490,000/ $15/SF NNN. Jane Schiff Ext. 206

21, 000+ SF for Sale/Lease Lease: Office space now available in Western Lehigh County’s Tilgh- man Street corridor. Maximum contiguous space +/– 16,000 SF. Per- fect for office, call center, or medical too. Call today for more details. Full service at $18./SF. MLS #476524, 476527 Sale: $2,895,000 for an incredibly visible office building over 21,000 SF. Built in 1986, it’s a perfect location for a medical facility, confer- ence/call center, offices or school. Jane Schiff Ext. 206

3500 Winchester Road, Suite 201, Allentown, PA 18106 610-398-0411 www. TFGrealtors.com

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