2C —August 25 - September 14, 2017 —ICSC PA/NJ/DE Idea Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
ICSC PA/NJ/DE I dea C onference & D eal M aking Acquired for $720,000 from Landisville Property LLC Chiaro of ROCK Commercial Real Estate represents seller in Landisville, PA transaction L the highly competitive nature of the investment real estate marketplace.” since it was originally devel- oped for them in 1971. andisville, PA — ROCK Commercial Real Estate , one of
The property was acquired for $720,000 from Landisville Property LLC and settled on June 30, 2017. Ben Chiaro of ROCK Commercial Real Estate represented the seller in the transaction. “We were extremely pleased with the market response,” said Steve Gumenick, Man- aging partner of Landisville Property, LLC. “We were ultimately able to achieve a strong market cap rate on the deal and successfully close within a very short time frame, which is testament to
“The lack of available qual- ity investment real estate in- ventory made this opportunity an ideal option for investors locally and throughout the en- tire region,” said Mr. Chiaro. “Following 46 years of success at the site, Turkey Hill signed a new long-term lease, demon- strating their commitment to the site and giving investors confidence in the investment opportunity. We saw immedi- ate interest in the property, and brought a full-price offer to a successful closing in less than 45 days.” n McCaffery Brokerage inks pop-up lease at Grosvenor Americas’ F1rst Residences WASH I NGTON , DC — Grosvenor Americas (Grosvenor) announced that a mixed-use residential com- munity in Washington, DC’s Capitol Riverfront neighbor- hood. The Rocklands pop-up will be open at the corner of First and N Sts. 90 minutes before each Nationals home game. They will offer their full food truck menu, beer and wine, as well as tables and seating. “F1RST is a dynamic living option in the Capitol River- front neighborhood – from its design and floor plans to its rooftop with pool, dog run, outdoor TV and stadium seating to watch the game,” said Jon Carr, Grosvenor Senior Vice President of De- velopment. “This pop-up is a creative way to bring people together on the street – or enjoy with fellow residents at home.” Rocklands, opened in 1990 in Washington, D.C., now has locations in Virginia and Maryland, as well as a food truck and catering services. The leasing for the pop-up lo- cation was executed by Rory Cameron of McCaffery Brokerage, LLC . n Rory Cameron Ro c k l and s B a r b e q u e and Gr i l l - ing Co. will be opening a pop-up loca- tion in the lot adjacent t o F 1 RS T Residences,
the industry l e ade r s i n South Cen- t ra l Penn - s y l v a n i a , announc ed that Robert A . E v a r t s p u r c h a s e d a 2,600 s/f,
Ben Chiaro
freestanding convenience store located at 298 East Main St. in Landisville. The property, which is at the “main & main” intersection of Landisville, has been leased to Turkey Hill
298 East Main St.
RockRealEstate.net | 717.854.5357
Your LOCAL Commercial Real Estate PARTNER in
South Central Pennsylvania
BROKERAGE ADVISORY
ROCK is an industry leader in commercial real estate specializing in Brokerage Advisory, Management Solutions, Research & Mapping, and Strategic Consulting. Equipped with unparalleled local market knowledge, our team of professionals focuses on Thinking Ahead and Getting Results that create value, build confidence, and embrace personal relationships.
MANAGEMENT SOLUTIONS
RESEARCH & MAPPING
STRATEGIC CONSULTING
LANCASTER OFFICE 252 Harrisburg Ave., Suite 3B Lancaster, PA 17603
YORK OFFICE 221West Philadelphia St., Suite 19 York, PA 17401
Made with FlippingBook Online newsletter