P ennsylvania
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Includes Xtra Space Self Storage and Montgomeryville Mini Storage Investment Real Estate, LLC arranges sale of two property portfolio in Montgomeryville, PA M www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C o n t g o m - eryville, PA — Investment Real exterior lighting, camera sys- tem, fenced perimeter and automatic gate.
Both properties are located on heavily traveled Route 309 and enjoy excellent visibility, and offer an on-site rental office with business hours six days a week. They also feature WHAM door alarms on every storage unit for added security. “These properties have op- erated success/fully for many years but are now ready for cosmetic and management upgrades. The buyer realized this upside and was willing to meet the seller in the middle on the pricing so that all par- ties feel they received a fair deal,” said John Gilliland , president, who has worked with the sellers for many years assisting them in their self storage investments. n cated in Turnpike Industrial Park located in Middletown, placing the facility at 100% occupancy. The industri- al portfolio encompasses 204,889 s/f of warehouse/flex space and is currently being occupied by national tenants, United Parcel Service, Inc. (UPS), Pilot Air Freight, Per- fectVision Manufacturing, Stroehmann Bakeries and Diakon Logistics. Representing the owner, Heartland Realty, Inc., The Corporate Brokerage Service Group finalized the long-term lease transaction(s) for the remaining 168,692 s/f. n
HI-LIGHTS October 16 - 29, 2015 SPOTLIGHT 5-14C Eastern PA Estate, LLC announced the sale of a two property port- folio in Montgomeryville for $5.2 million to a private in- vestment group. The portfo- lio includes Xtra Space Self Storage and Montgomeryville Mini Storage, both of which are located about two miles apart on the heavily traveled BethlehemPike (Route 309) in Montgomery Twp., Montgom- ery County. Xtra Space Self Storage consists of four buildings
Montgomeryville Mini Storage paved driveways, exterior lighting, fenced perimeter and an electronic security gate with key-code access. Montgomeryville Mini Stor- age consists of two buildings and includes drive up, interior access and temperature con- trolled units totaling 22,400 s/f of self storage. The prop-
and includes both drive up and temperature controlled units totaling 44,775 s/f of self storage. This facility opened in 1989 and is situated on around four acres of light industrial zoned land. Xtra Space Self Storage features improvements such as ma- sonry and metal buildings,
erty also boasts 66 outdoor parking spaces. The facility opened in 1988 and is situ- ated on over two acres of light industrial zoned land, with the potential for expansion on a three acre adjacent site. Montgomeryville Mini Stor- age features improvements such as paved driveways,
Grace leases remaining spaces of the cross dock facility Landmark Commercial Realty/ TCNWorld- wide inks $4.6 million multi-family sale
Company of the Month
Susquehanna Twp., PA — Landmark Com- mercial Realty, Inc. / TCN Worldwide senior associates, Chuck Heller and Drew Bo- bincheck, CCIM, completed $4.6 million inmulti-family in- vestments. Representing own- ers in two separate transac- tions, Heller and Bobincheck completed the disposition of the Scottsdale Apartment complex, a 75-unit, garden apartment community located at 1021 S. Progress Ave. in Susquehanna Twp. and the former Ron Brown Charter School, located in Harrisburg, PA. The 39,536 s/f facility LehighCounty, PA — Feinberg Real Estate Ad- visors, LLC and KW Com- mercial announced today that it represented the Bor- ough of Emmaus in the $2.95 million purchase of 33 East Minor St., 10 East Minor St. and 151 East Minor St. in the Borough of Emmaus, Lehigh
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Chuck Heller
Drew Bobincheck
Jason Grace
buyer, WCI Partners, LP. Landmark Commercial Realty, Inc. / TCNWorldwide senior vice president, Jason Grace, CCIM, SIOR, has leased the remaining spaces of the cross dock facility lo-
Harkins Builders expanding into Pennsylvania
which encompasses an entire city block along N. 3rd St., will be transformed into high-end rental apartments. 6,000 s/f on the lower level has already been pre-leased. Greg Roth- man of RSR represented the
County, Pennsylvania. The properties include Rodale’s former corporate headquar- ters consisting of a 58,376 square foot office building on 5.09 acres, a 1,260 square foot house converted to an office on a 14,125 square foot lot and a 1.9 acre parking lot. The properties are adjacent facility in the fall of 2016. Cindy McDonnell Fein- berg, CCIM of Feinberg Real Estate Advisors, LLC and KWCommercial represented the buyer, the Borough of Emmaus. Jane Schiff of The Frederick Group rep- resented the seller, Rodale Inc. n Feinberg Real Estate Advisors, LLC and KWCommercial represents Borough of Emmaus in $2.95 million office purchase to the Emmaus Public Works Department. The Borough plans to develop the property into a municipal complex to allow better collaboration between all the departments including police, fire, admin- istration, planning and rec- reation. The Borough hopes to be operational in the new
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