P ennsylvania

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Real Estate Journal — Pennsylvania — Section C


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



Soloff Realty brokers sale of 40,045 s/f former supermarket


HFF arranges $8m financing for Village Knoll Apartments in suburban Harrisburg


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Environmental Aspects of Site Development and Brownfield Redevelopment Site Remediation Under Federal and State Cleanup Programs

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