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Mid Atlantic Real Estate Journal — Pennsylvania — January 13 26, 2012 — 38
E ASTERN PA
Fein of Colliers International represented the seller CBRE completes sale of 165,000 s/f industrial facility at 100 Cascade Drive in Wayne
W
AYNE, PA—CBRE, Inc. (CBRE) success- fully sold a 165,000
distribution facility located in the heart of the Lehigh Valley market.” Lee Fein of
from the properties’ underper- formance or current financial challenges. Portfolio properties are generally improved, reposi- tioned, and professionally man- aged for future sale. The MIM–Hayden Real Es- tate Fund is uniquely positioned to uncover, recognize and seize the Philadelphia region’s most advantageous opportunities due to the Fund’s size coupled with the unparalleled breadth of experience of the Miller and Hayden organizations’ princi- pals. CBRE, Inc., a Fortune 500 and S&P 500 company head- quartered in Los Angeles. ■
s/f industrial f a c i l i t y a t 100 Cascade Dr i v e , A l - lentown, PA. CBRE rep- resented the buyer, MIM- H a y d e n M a n a g e - ment Company, LP.
Colliers In- ternational represented the Seller. The financial details of the transaction remain un- disclosed.
Joesph McDermott
Vincent Ranalli
The MIM–Hayden Real Es- tate Fund seeks and identifies exceptional opportunities for ac- quisition of office, industrial and flex properties at particularly favorable pricing that results
The buyer engaged the CBRE industrial brokerage team of Vice President Vincent Ranalli and Senior Vice President Jo- seph McDermott to represent them in the negotiations. MIM- Hayden intends to offer the property for lease to one or more tenants. 100 Cascade Drive resides on 15.7 acres and benefits from an excellent location off of Rt. 22 and in close proximity to the Lehigh Valley International Airport. The building has in- dustrial-grade utilities, is fully sprinklered and has abundant parking. According to Ranalli, “100 Cascade Drive is a highly- functional manufacturing and Laubach of Hawley inks 5,290 s/f lease
100 Cascade Drive
Success is a done deal.
$1,600,000 Tilton Times Plaza RETAIL - 50,000 SF PERMANENT LOAN EGG HARBOR TOWNSHIP, NJ
$6,832,000 Lionville Shopping Center
$1,600,000
Broad & Wood Center
Lantern Hill
BETHLEHEM, PA — Jar- rett Laubach of Hawley Re- alty Inc. inks a lease for
OFFICE/BANK PAD - 21,000 SF FIXED RATE LOAN DOYLESTOWN, PA
RETAIL - 29,074 SF PERMANENT LOAN EXTON, PA
the Br oad & W o o d Ce n t e r i n Bethlehem. Laubach re- cently leased a 5,290 s/f mezzanine unit to Stu- dio Fitness
Capital Markets DEBT | EQUITY | INVESTMENT SALES
Jarrett Laubach
LLC. The aggregate value of this lease transaction is: $116,158. The this fitness facility expects to be open for business late in the first quarter of 2012. This tenant will join Corporate Environ- ments, St. Luke’s and the Lehigh Valley Charter High School for the Performing Arts in this 200,000 s/f adapt- and-reuse professional build- ing. ■
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