14B — November 18 - December 22, 2022 — Pennsylvania — M id A tlantic Real Estate Journal
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P ennsylvania
MPN Realty rep. Keystone in 3,346 s/f lease at The Curtis
Durkin & Olender facilitate sale of 21,181 s/f building Roddy sells 3024 Franks Road, Huntingdon Valley H UNTINGDON VAL- LEY, PA — Roddy Inc., the Bensalem
CONSHOHOCKEN, PA — Keystone Development + Investment has signed a 3,346 s/f, long-term lease with Without a Cue, an interactive entertainment company, to bring the tech-enabled din- ner theater to Center City Philadelphia and The Curtis in Washington Square West. Without a Cue is a local production company special- izing in interactive entertain- ment combining theatrical elements, technology, comedy, and hospitality. The com- pany’s unique events are im- mersive and hilarious, from murder mystery dinner the- aters to private parties. Ex- pected to open to the public by November, Without a Cue will offer appetizers and branded spirits to seated guests at cocktail tables during shows. Without a Cue complements other neighborhood attrac- tions, including P.J. Clarke’s, Independence Beer Garden and soon to open Lighthouse Immersive and Impact Mu- seums, and an onsite parking garage with more than 300 valet spaces. Veronica Blum and Alex Snyder of MPN Realty represented Keystone, and MPN’s Joe Scarpone rep- resented Without a Cue. “The Curtis offers Without a Cue rare accessibility with proximity to existing tourism and entertainment options, in an iconic public space with the flexibility to use a por- tion of the West Lobby for their guests before shows and during intermissions,”
based industrial and com- mercial real estate brokerage firm represented ALRO Steel Corporation in the sale of their 21,181 s/f one story building situated on 2.08 acres located at 3024 Franks Rd., Huntingdon Valley, Montgomery County, PA to 3024 Franks Road, LLC. Sean Durkin and Rob- ert Olender facilitated the transaction. The building is fully heated, offers one drive-in door, one tailgate loading dock, ceiling heights of 19’5” sloping to 18’10” clear under bar joist, one radio-controlled bridge crane with two 3-ton hoists, one radio-controlled 2-ton bridge crane, one pendantoperated 3-ton bridge crane and ap- proximately 2,430 s/f of air- conditioned offices. In a separate transaction, Durkin leased 13,000 s/f at Seven Neshaminy Interplex in Trevose. Roddy represented Veltri, Inc. in leasing 13,000 s/f of the 63,489 s/f modern fourstory office building. A family-owned company, Veltri started out in 1973 as a regional trucking business with two trucks operating between PHILADELPHIA, PA — The Colliers industrial team of Tom Golarz, Michael Go- larz, Brad Boone , and Brian McCurdy , on behalf of owner- ship group Imperium Capi- tal , is pleased to announce a new lease at 2502 Wheatsheaf Ln., a key Philadelphia indus- trial distribution site offering immediate access to I-95 and under five miles to the New Jersey Tpke. GSR, an affiliate of US 1 Logistics has leased the 17,000 square foot truck terminal which sits on 3.98 acres. The building contains 42 dock doors and has recently undergone ex- tensive capital improvements. 2502 Wheatsheaf is located in the Port Richmond section of the City, just off the Aramingo Avenue commercial corridor. “Industrial outdoor stor- age space in the Philadelphia market continues to see sub- stantial interest and activity from Tenants and Investors.” shared Tom Golarz of the Col- liers listing team. “We received strong interest
The Curtis
says Keystone’s Rich Gottlieb, President & COO. “Without a Cue brings something new to the building and neighborhood with the potential to be a draw for years to come.” Keystone recently secured a $265.2 million mortgage and mezzanine loan facil- ity to continue converting the landmark former publishing house and meet the surging demand for more lab and office space for life sciences tenants in Greater Philadelphia. The region has firmly established itself as a leading life sciences hub, drawing record levels of venture capital investment last year and through much of this year. Keystone purchased the 12-floor, 912,245-square-foot building that once housed Curtis Publishing in 2014. The firm revitalized the property with a ground-floor streetscape and building atrium, the con- version of existing office space to residential units, and the conversion of former printing press space to wet lab space for life sciences companies like Bi- oLabs, Imvax, Vivodyne, and Aro Biotherapeutics. MAREJ
3024 Franks Rd., Huntingdon Valley
Seven Neshaminy Interplex in Trevose
Wheeling, WV and Pittsburgh, PA. Now the company is a major trucking company based in the North East and Mid Atlantic area of the US which specializes in regional trucking
in Pennsylvania, New Jersey and Delaware. Veltri advised they leased the property to serve as their general administration office and dispatch operations. MAREJ
Colliers concludes new Last Mile Ind. transaction for Imperium Capital at 2502 Wheatsheaf Lane
ROCK brokers sale of Monroe County commercial truck center for $4.6 Million
2502 Wheatsheaf Ln.
throughout the marketing pro- cess which further cements the strength of the Industrial Outdoor Storage (IOS) market in Philadelphia.” IG Logistics LLC, Imperium Capital’s industrial platform, is an owner/operator of in- dustrial properties that have a large outdoor storage or transportation component, specializing in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce. Imperium’s acquisition of both 2502 Wheatsheaf and its neighbor 2500 Wheatsheaf, and subsequent lease of each
(2500 Wheatsheaf leased to H&E Equipment Services earlier this year) represents the successful execution of a strategy focused on last mile facilities that are mission criti- cal to the supply chain. IG logistics continues to market a third last mile lo- gistics site offering abundant trailer storage capacity at 3200 S. 70th Street, a six door terminal on 4 acres of land with almost immediate ac- cess to I-95, the Philadelphia International Airport, and Philadelphia Ports. Rich Gorodesky and Adam Gorodesky of Colliers rep- resented the Tenant in the transaction. MAREJ
1328 Golden Slipper Rd.
Truck. Jason Turnbull, CCIM, SIOR and Ben Bode, CCIM , of ROCK Commercial Real Estate, represented the seller. Costas Hrousis of Veraxia Real Estate Solutions rep- resented the buyer. “The high visibility and ease of access to I-80 made this an ideal site for the buyer to rede- velop,” said Ben Bode. “We are excited to see what this new medical facility will bring to the community.” MAREJ
BARTONSVILLE, PA — ROCK Commercial Real Estate , one of the indus- try leaders in South Central Pennsylvania, announced that E. Frank Buck Jr. sold 1328 Golden Slipper Rd. in Bartonsville to Lehigh Val- ley Health Network Realty Holding Company, a Pennsyl- vania nonprofit corporation, for $4,600,000. The 29,770 s/ fcommercial truck center is situated on 8 acres and is cur- rently being leased by Hunter
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