S hopping C enters P ennsylvania
M id A tlantic Real Estate Journal — Pennsylvania — February 18 - March 17, 2022 — 11B
www.marej.com
A R R I S B U R G , PA — The Kislak Company, Inc. an- H Landmark Commercial's Mangam reps. purchaser, Empire Liberty Square, LLC Wolf & Holland of Kislak brokers sale of Olde Liberty Square In Harrisburg, PA for $16 Million
Holland added, “This sale is a continuation of Kislak’s dominance and long history in the sale of investment proper- ties in eastern and central Pennsylvania. In the last year alone, our sales there total more than $215,000,000.” Olde Liberty Square is an 90,000 s/f multi-tenant office complex located on 4.66 acres. The two-story complex sits on four parcels and includes 61 office spaces and 310 parking spaces. Many tenants have long term leases with future rent increases. Built in 1991 in the desir- able Colonial Park neighbor- hood, the property offers high visibility along Jonestown Rd.. Over $1.5 million was invested in property improvements in the last five years. MAREJ
nounced the recent sale of Olde Lib- erty Square, a 95,000 s/f multi-tenant of f ice com- plex located at 4807-4815 J o n e s t own Rd. in Dau- phin Coun- ty, Pennsyl- v an i a , f o r $16,000,000. K i s l a k
Matt Wolf
4807-4815 Jonestown Rd.
compressed significantly on asset classes such as multi- family that we are seeing a number of investors consider different product types that offer more attractive yields.”
purchaser, Empire Liberty Square, LLC. Olde Liberty Square is the second property that Kislak sold for the seller. Wolf said, “Cap rates have
Wolf and president Robert Holland handling the as- signment on behalf of the seller, RoomOne Corporation. Bo Mangam of Landmark Commercial represented the
marketed the property on an exclusive bas i s wi th senior vice president Matt Robert Holland
LandmarkCommercial Realty / TCNends a historic year in 2021 closing some of their largest sale transactions
CAMP HILL, PA — Land- mark Commercial Realty / TCN (Landmark) ends a historic year in 2021 closing some of their largest sale transactions for the company ever. Safe Haven Group, LLC acquired a 390,000 s/f class A distribution facility at 100 First Ave. in Gouldsboro from Exeter Property Group ; Empire Liberty Square, LLC purchased a portfolio of four of- fice properties totaling 102,522 s/f at 4807-4815 Jonestown Rd. in Lower Paxton Twp., from Room One Corporation; The Howard at Danville, LLC purchased Buttonwood Rent- als, LLC apartment complex containing 72 units located at 12 Co-op Court, Danville. Olde Liberty Square Olde Liberty Square con- sists of 61 fully leased of- fice suites across four office buildings. Tenants include: Bayada Nurses,Inc., Berke- ley Insurance Company, Don Jacobs Insurance Services, Farmers Insurance/Lamont Hess, IVExpress,Inc., Re- spitech Medical Inc., TAB Staffing, LLC, University of Phoenix, Ability Prosthetics
Olde Liberty Square
Buttonwood Apartments
& Orthotics, LLC., and many other professional office us- ers. Bo Mangam , associate broker of Landmark Com- mercial Realty, represented the buyer and facilitated the office property transaction. Buttonwood Apartments/ The Howard at Danville The 72 two-bedroom/one- bathroom apartment complex, located near Rte. 11, I-80 and the Geisinger Medical Center, was built in three phases that began in 2016 and finished in 2019. Michael Rohm, CCIM, MAI a senior associate at
Landmark represented the seller and Sean Fitzsimmons , director of sales and leasing at Landmark negotiated the transaction on behalf of the buyer. 100 First Ave. – Covington Industrial Park The 390,000 s/f class A dis- tribution facility was acquired fromExeter Property Group by a holding company for Broad Range Logistics of Atlanta, GA and will serve as their new Northeast DC for the existing customer base they service. Built to institutional best in
class standards for Maytag, the tilt up concrete, cross docked logistics property can be expanded up to 450,000 s/f and is situated amongst corpo- rate neighbors including Ama- zon, FedEx, Costco, Johnson & Johnson & NFI Industries. Barb Murdocca , C.O.O. with Landmark, said, “We began 2021 with a new own- er and executive team and we closed the year out with our highest overall transac- tion volume in our 34-year company history, which is not coincidental. The Olde
Liberty transaction earned Mangam the title of the top producing sales agent on our team, while The How- ard deal was sourced by Rohm, CCIM, MAI, who has only been with us for three months. What a way to close out the year! We are excited to see what lies ahead for the new Landmark Team as we continue to grow and add experienced and talented individuals to our team look- ing to leverage our services platform and team focused approach.” MAREJ
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