2C — September 14 - 27, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
P ENNSYLVANIA
DPN
ANSDALE, PA — New- mark Knight Frank Smith Mack (NKFSM) Bell & Shupak successfully represent tenant NKFSM completes 50,000 s/f headquarters lease for Metso L
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successfully represented Metso Automation USA Inc. (Metso) in the relocation of one of their divisional operations to 2750 Morris Road, Lansdale. Metso is a global supplier of tech- nology and services for the process industries, including mining, construction, pulp and paper, power, oil and gas with engineering, production, sales and other operations in over 300 locations in more than 50 countries. NKFSM brokers Justin Bell and Neil Shupak were hired in February 2012 to exclusively represent Metso and analyze their options in the North Penn industrial market. Pre-transac- tion services provided to Metso
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2750 Morris Road, Lansdale, PA
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included a thorough needs analysis, site selection study and market tours, preliminary budgets, RFP and LOI nego- tiations, and financial analysis. Post-transaction services which will be provided by NKFSM’s Jerry McGarry, will include project management, architec- tural and engineering planning, construction bidding, furniture
procurement and move coor- dination to ensure a smooth transition to the new facility, which is scheduled to open in January 2013. 2750 Morris Road is a 650,000 s/f, 87 acre former Visteon Corp. electronics facility that closed in 2009. The property is owned by BPG Properties Ltd. and will meet Metso’s hybrid needs. ■ ists in Marcus & Millichap’s Philadelphia office had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability com- pany, was also secured and represented by Wellar and Lonberger. ■
Marcus & Millichap announces the sale of the 8-unit Cypress Terrace apartment building
PHILADELPHIA, PA—Mar- cus & Millichap Real Estate Investment Services has an- nounced the sale of Cypress Terrace Apartments, an eight unit apartment property lo- cated in Philadelphia, accord- ing to Spencer Yablon, vice president and regional man-
ager of the firm’s Philadelphia office. The asset commanded a sales price of $1,350,000 or $168,750 per unit equating to a 5.8% capitalization rate based on actual operating numbers. Ken Wellar and Corey Lon- berger, investment special-
Building I Complete - Ready For Occupancy
51-Acre Industrial Park For Lease or Build-to-Suit
Building 1 - 4275 Fritch Drive 228,000 SF (divisible) • ConstrucƟon completed July 2012 • Pre-cast construcƟon; 32’ clear • 53 loading doors; 2 drive-ins • On-site trailer parking • Building 2 - 4270 Fritch Drive 303,600 SF (divisible) • Pre-cast construcƟon; 32’ clear • 50 loading doors; 2 drive-ins • Abundant on-site trailer parking • Rail served •
Lehigh Valley Tradeport is strategically located in Bethlehem, PA with immediate access to I-78, I-476, Route 33 and the NY/ NJ metro markets via Highway Route 22.
Owned & Developed By:
Contact :
Sean Bleiler ( 610) 398-3409 sean.bleiler@cbre.com www.cbre.com/sean.bleiler
Bill Wolf ( 610) 398-7175 bill.wolf@cbre.com www.cbre.com/bill.wolf
Griffin Land
www.grifland.com
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