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Mid Atlantic Real Estate Journal — Pennsylvania — January 13 - 26, 2012 — 33


Blinebury, McBride & Balerno rep landlord Cushman & Wakefield arranges 146,500 s/f lease


EW KINGSTOWN, PA — Fry Commu- nications Inc. has

signed a new full-building lease for 146,500 s/f at 36 East Main St., a one-story industrial facility owned by Seagis Property Group. The landlord was represented by Gerry Blinebury, Pat McBride, and Leah Balerno of the Philadelphia office of Cushman & Wakefield. Fry Communications, a multi-media printing, pro- duction, publishing, digital, circulation and advertising company based in Mechan- icsburg, Pa., with multiple locations in central Pennsyl- vania, will utilize the expan- sion facility for warehousing operations. The company was represented in the trans- action by CBRE Group, Inc. “The facility only became available in October of this year, but the combination of location, heavy power, a full air-conditioned warehouse and rail service created con- siderable user interest in the building and ultimately led to this lease in less than three months,” said McBride. 36 East Main St. is located near Harrisburg on Route 11 near the interchange of the Pennsylvania Turnpike and I-81, close to I-83. Situ- ated on 9.6 acres, the facility offers 24-foot clear ceiling heights and includes a 3,200 s/f office component. The warehouse is fully air-condi- tioned and rail served. “The 110 million s/f cen- tral Pennsylvania industrial market currently has a 10 percent vacancy rate. The fact that the building had fewer than three months of down time clearly demon- strates its appeal,” said Mc- Bride. “The landlord is very pleased with the outcome of this leasing effort.” Cushman & Wakefield, Inc.’s industrial brokerage platform provides global resources for tenant and landlord representation, disposition and acquisition services, transaction man- agement, and industrial con- sulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions na- tionwide – totaling 141.6 million s/f in leases and 52.9 million s/f in sales – with an aggregate value of nearly $5 billion. ■

36 East Main Street

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