12C — September 14 - 27, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
C ENTRAL PA
ENTRAL PA—ROCK Commercial Real Es- tate brokered 41,128 HR Pharmaceuticals leased 2,311 s/f of office space ROCK brokers 41,128 s/f & 11.85 acres of sold comm’l. RE C
MacLaren, Talone & Townsend rep seller Marcus & Millichap brokers multifamily sale
has been developed as a 188 space parking lot at 200 North State Street inYork, PA inYork City. ROCK Commercial Real Estate represented both the buyer and the seller in this transaction. Leases · Memorial Enterprises, Inc. leased 3,365 s/f of medical office space at Cornerstone Plaza at 200 Bailey Drive in Stewart- stown, PA in Stewartstown Borough. ROCK Commercial Real Estate, LLC represented the tenant in this transaction. ·Mosad Inc. leased 2,450 s/f and New Age Wireless leased 609 s/f of retail space at 3809- 3815 Paxton Street in Har- risburg, PA in Swatara Town- ship. ROCK Commercial Real Estate, LLC represented both the landlord and the tenant in these transactions. ·HR Pharmaceuticals, Inc. leased 2,311 s/f of office space at Susquehanna Commerce Cen- ter at 221 West Philadelphia Street Suite 17 in York, PA in York City. ROCK Commercial Real Estate, LLC represented both the landlord and the ten- ant in this transaction. ■
s/f and 11.85 acres of sold com- mercial real estate and 8,735 s/f of leased space in Dauphin and York Counties. Sales · Heritage Business Park, LP bought the 10 acres of indus- trial land at 225 Shady Lane in York, PA in Manchester Township. ROCK Commercial Real Estate represented both the buyer and the seller in this transaction. · TCS Property Manage- ment, LP bought the 29,000 s/f class “A” professional of- fice building at 8170 Adams Drive in Hummelstown, PA in Hummelstown Borough. Benjamin Chiaro, CCIM and David Bode, CCIM, SIOR of ROCK Commercial Real Es- tate represented the buyer and Daniel Alderman of NAI CIR represented the seller in this transaction. · M & G Realty Inc bought the 7,952 s/f hotel at 798 Seaks Run Road on 9.10 acres in Glen Rock, PA in Springfield Town- ship. ROCK Commercial Real BLOOMSBURG, PA — Al- exander Building Construc- tion Co. recently completed a three-story addition to the Buckhorn Office Building for Geisinger Health System in Bloomsburg which provided an additional 37,025 s/f of administrative office space. Construction began inAugust of 2011 and was completed in 10 months. A part of the Butz Fam- ily of Companies, Alexander worked collaboratively with Geisinger Health System and the architect/engineer, Borton-Lawson, to ensure minimal disruption to busi- ness operations that were ongoing in the existing build- ing throughout construction. Coordination and extensive pre-planning was critical on all aspects of the project. Al- exander also constructed the original 94,000 s/f building in 2009 which was designed for this expansion. “High praise and credit must be given to our project team and to our client and design partners,” says Rick Seitz, president of Alexander Building Construction Co. “The project team’s commit-
Crossings at Mill Creek
Susquehanna Commerce Center
LANCASTER, PA — Marcus & Millichap Real Estate Invest- ment Services has brokered the sale of Crossings at Mill Creek, a 338-unit, 327,604 s/f, garden- style apartment complex in Lan- caster. The sales price of $22.65 million represents $67,012 per unit and $69 psf. Donald “Ridge” MacLaren, first vice president investments, Clarke Talone, senior associate, and Andrew Townsend, senior associate, all based in Marcus & Millichap’s Philadelphia office, represented the seller. MacLaren, Talone and Townsend also se- cured the buyer, a local limited partnership. “Crossings at Mill Creek sits in a strong Lancaster rental market and was offered free and clear of debt,” said MacLaren. “The seller had done a nice job repositioning the property over the past several years and that allowed the asset to compete more effectively in the marketplace.”
“Our marketing efforts yielded a significant amount of interest and several qualified buyers,” concludes Talone. “Ultimately, the selected buyer performed and the transaction closed in a smooth manner.” The property is located at 2000 Swarr Run Road in Lancaster near Pennsylvania routes 283 and 741 and U.S. Route 30. Park City Center, one of the largest enclosed shopping centers in South Central Pennsylvania, and Lancaster General Health, a regional healthcare system, are also nearby. Crossings at Mill Creek’s unit mix features 70 percent two- and three-bedroom apartments. The units have full kitchens that include dishwashers and sepa- rate dining areas. More than 80 percent of the units have washers and dryers. Community ameni- ties include two swimming pools, two playgrounds and laundry facilities. ■ of 2006, Phil entered theABC apprenticeship program and graduated in April of 2010 as a journeyman carpenter. Subsequently Phil was asked to join Benchmark’s Safety Committee as a Safety Of- ficer. Phil assumed the role of interim Safety Director in March and immediately em- braced his role. He received overwhelming support from the field and was officially named to the position. ■
Estate represented both the buyer and the seller in this transaction. · Kavanna House bought the 4,176 s/f medical office build- ing at 1516 East Market Street in York, PA in Spring Garden Township. ROCK Commercial Real Estate represented the buyer and Prudential Home Sale Services represented the seller in this transaction. ·GF Capital bought the 1.85 acres of industrial land that
Alexander Building Construction completes 37,025 s/f addition for Geisinger Health System
Ireland of Benchmark Const. promoted
BROWNSTOWN, PA — Phil Ireland has been pro- moted to Safety Director for
Buckhorn Office Building
Benchmark Co n s t r u c - t i on Com- pany, Inc., effective im- mediately. Phil’s ca-
ment to maintaining Geis- inger’s access to the existing building and a collaborative approach to the project’s goals were a crucial component of the successful completion of this project. Our team also led the Building Informa- tion Modeling (BIM) process during design and construc- tion resulting in an as-built model of the building and its materials and equipment that Geisinger can now use to maintain the building and each component’s life cycle.” Along with increased office space, features of this project include: · a three-story atrium con- necting the existing building with the addition
· an expansive roof skylight allowing significant natural light into the atrium and pe- rimeter offices · Utility upgrades included an underground rainwater collection system to collect and utilize rainwater and also serve as an emergency water supply back-up for the HVAC system / cooling tower. The existing parking lot was expanded and a new parking lot was added to provide ad- ditional spaces for the added occupancy of the addition. A walking trail surrounding the entire facility was also added for employee wellness. The project was completed safely without any recordable ac- cidents or injuries. ■
r e e r w i t h Benchmark started inDe- cember of 2005. In September Phil Ireland
HARRISBURG, PA—K&W Engineers and Consultants has successfully completed the Pennsylvania Department of General Services’ process for self-certification as a Small Design Business under the Commonwealth’s Small Busi- ness Procurement Initiative. Combined with K&W’s status as a federally-registered Small Business Concern, K&W is now positioned to hold small business set-aside contracts and to provide subcontracting services that help prime-con- tractors and owners achieve small business participation goals on state and federal projects. ■ K&W announces small business designation
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