M id A tlantic Real Estate Journal — March 18 - April 21, 2022 — The Best of 2021 — 25D
www.marej.com
The LARGEST RETAIL ACQUISITION of 2021
Landmark Commercial Realty 2222 Paxton Street Harrisburg, PA
First National Realty Partners The Village at Pittsburgh Mills Tarentum, PA
Size: 149,628 SF Broker: The seller was represented by Ryan Sciullo of CBRE.
Roy Brenner
Anchored by an 18,448 square foot Aldi Supermarket, The Village at Pittsburgh Mills shop- ping center is 93% occupied by a strong lineup of national retailers and restaurants, including Ross, Michaels, and PetSmart, as well as many other internet-resistant, daily needs tenants. The purchase of the property, which is located 16.8 miles east of downtown Pittsburgh, was FNRP’s second acquisition in the Metro area, allowing the vertically integrated real estate investment firm to expand its footprint in this highly-desirable market and add to its rapidly growing portfolio of premier assets throughout the United States.
Size: 44,443 SF Broker: Roy Brenner, Vice President – Corporate Services
44,443 SF flex retail space sold to a pre-owned car dealership. Roy Brenner, VP – Corporate Services represented the seller, while Chuck Heller, Executive Vice President represented the buyer.
The LARGEST HOSPITALITY PROJECT of 2021
Campbell Commercial Real Estate, Inc. Springwood Hospitality Camp Hill, PA
Prism Capital Partners ON3 Clifton, NJ
Size: 266 rooms The City of Clifton granted final site plan approval for a dual-brand Marriott AC/Element Hotel with rooftop bar at ON3, paving the way for the introduction of a hospitality com- ponent at the 116-acre flagship redevelopment. The 266-room Marriott AC/Element Hotel will feature both limited-service and extended-stay options. The seven-story structure will occupy a parcel visible from Route 3. By securing the Marriott flag and providing long- missing amenities for this area, Prism continues to establish ON3 as a magnet for industry- leading brands. ON3 houses approximately 1.45 million SF of existing office, educational and lab/R&D product fully occupied by blue-chip organizations.
Size: 124 Guestrooms The Lower Allen Township Redevelopment Authority selected Springwood Hospitality to develop the lodging component of the redevelopment of a defunct retail center. This 124 guestroom SpringHill Suites by Marriott hotel on 2.14 acres is slated to open August 2022, alongside a new Trader Joe’s and other retailers that will completely revitalize this highly visible township block. Springwood has won more development awards from Hilton and Marriott than any other Pennsylvania-based company.
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