P ennsylvania
S hopping C enters
Real Estate Journal — Pennsylvania — Section C
www.marejournal.com
M id A tlantic
Rodio, Gallagher and Werner lead the JLL team on the 118,000 s/f transaction JLL closes $5.725 million sale of 118,000 s/f office building for Balashine Properties B LUE BELL, PA — On behalf of Balashine Properties , JLL an- enhance existing amenities and provide new features and conveniences.” Meeting submarket,” said Gallagher. Occupancy Rate: 35%
Building Amenities: New- ly-renovated common areas, full-service cafeteria, Wi-Fi Internet access, and training and conference areas Balashine Properties is a local commercial real estate investment firm focusing on class A and B office space in the Greater Philadelphia area that is engaged in acquiring properties in the 40-70% oc- cupancy range and roughly 100,000+ s/f in size. n
HI-LIGHTS JUNE 13 - 26, 2014 nounced the firm has closed the $5,725 sale of 930 Har- vest, a 118,000 s/f class A office building in Blue Bell. “The acquisition of this property is proof of our belief in the potential and vital- ity of the Philadelphia office market,” said Garett Shin- er , president of Balashine Properties. “As we begin to develop a regional portfolio, it is our goal to invest in the tenant experience, to
Executive vice president Doug Rodio , vice presi- dent Patrick Gallagher and senior associate Chris Werner led the JLL team on this transaction. Werner and Whit Hunter will serve as the primary-leasing agents for the property. “The opportunity at 930 Harvest is to reposition a cor- porate owned asset to attract new tenants in a highly ac- tive Blue Bell and Plymouth
930 Harvest
Diana Silva, attorney at Manko, Gold, Katcher & Fox negotiates agreement W&W Realty Co. awarded $2.7 million grant from the Philadelphia Water Department
significant savings on our monthly stormwater bill.” Howard Neukrug , Com- missioner of PWD says, “Proj- ects like the Dependable Dis- tribution facility showcase a successful public-private partnership that achieves an overall improvement of storm- water management in the City of Philadelphia.” W&W Realty and Depend- able Distribution have also partnered with local infra- structure design-build com- pany, ISS Management, LLC , for the project. ISS provides stormwater auditing and feasibility analyses that are aimed at improving a prop- erty’s overall stormwater man-
agement, while also achieving compliance with PWD’s green stormwater design criteria. ISS president, Peter Burns , shared this, “Partnering with PWD to implement Philadel- phia’s green stormwater ini- tiative gives us the chance to do something good for the city while showcasing our design and build talent.“ Diana Silva , an attorney at the environmental, energy, land use and litigation firm of Manko, Gold, Katcher & Fox, LLP , represented W&W Realty and Dependable Distribution for the project, including negotiating the re- lated agreements with ISS and PWD. n
for properties that contain a large amount of impervious surfaces and which are gener- ally charged higher monthly rates under PWD’s recently-en- acted stormwater management fee structure. Once installed at a non-residential property, the property owner can receive a credit on its monthly PWD stormwater fees. Harvey Weiner , president of W&W Realty and Depend- able Distribution said that, “PWD’s grant program has provided an answer to our stormwater management problem – grant funding to design and install a new PWD- approved stormwater system that will also provide me
PHILADELPHIA, PA — The Philadelphia Water Department has awarded a $2.7m grant to W&W Realty Co., LLC , for the installation of innovative green stormwater infrastructure at its Depend- able Distribution Services, Inc. warehouse facility located at 59th St. and Upland Way in the City of Philadelphia. The grant comes through PWD’s Stormwater Management In- centives Program, or SMIP, which provides financial assis- tance to qualified non-residen- tial property owners to install green stormwater infrastruc- ture on their property as part of PWD’s Green City, Clean Waters Plan. The Dependable Distribution warehouse facility is a 35-acre site, making it one of the largest green stormwater management projects imple- mented in Philadelphia to date. Once complete, the new green stormwater infrastruc- ture will manage more than 800,000 gallons of stormwater directly on site, significantly reducing the property’s bur- den on the City’s storm sewer system. PWD’s SMIP grant pro- gram provides funding to non- residential property owners to build green infrastructure to manage stormwater runoff from their property, an issue that is particularly important
Central Pennsylvania
SPOTLIGHT
3-9C
Soloff Realty brokers sale of 40,045 s/f former supermarket
2C
HFF arranges $8m financing for Village Knoll Apartments in suburban Harrisburg
F
or more than twenty-five years, Manko, Gold, Katcher & Fox has provided environmental, energy and land use law and litigation services.
Environmental Aspects of Site Development and Brownfield Redevelopment Site Remediation Under Federal and State Cleanup Programs
Real Estate Litigation and Land Use Hearings
3C
Environmental Permitting and Licensing
ALSO INSIDE Project news...................... 11C CREW LV.............................. 12C www.marejournal.com
Environmental and Regulatory Audits
Photo © Tony Tremblay | istockphoto.com
Indoor Air Quality/Vapor Intrusion Consulting and Litigation
401 City Avenue, Suite 901 Bala Cynwyd, PA 19004 www.mankogold.com
Superfund and Cost Recovery Litigation
Made with FlippingBook - professional solution for displaying marketing and sales documents online