8C — December 14 - 27, 2018 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania

Pennington handles 9,724 s/f industrial lease on behalf of the landlord at 901-925 North Delaware Ave. Binswanger brokers sale and negotiates two- year, 50,000 s/f warehouse lease in Philadelphia P

HILADELPHIA, PA — On behalf of De- sign Holdings, III, LLC, Binswanger announced a two-year, 50,000 s/f warehouse lease to Associates Warehous- ing Inc. The property is located at 2135 East Westmoreland St. in Philadelphia. The building features three tailgate loading docks, ceiling heights to 15' clear, natural gas-fired ceiling-mounted hot air blowers and is situated min- utes from I-95 and the Betsy Ross Bridge, providing access to Center City Philadelphia, and all major highways in the

2135 East Westmoreland St.

region. The transaction was handled by Chris Pennington , partner in Binswanger’s Philadelphia, Pennsylvania office. On behalf of Sauers In- vestment Properties, LLC, Binswanger announced the sale of a six acre property located at 273 West County Line Rd. in Warminster. The property was purchased by Patagon Storage, LLC for $1.725 million. The new owner plans to develop the property into a state-of-the-art self-stor- age facility. The property is served by all utilities and is zoned Industrial Office District. The transaction was handled by Pennington and Jason Ostach , vice president, both working out of Binswanger’s Philadelphia office. On behalf of Poplar Realty Investments, LP, Binswanger a n n o u n c e d a t e n - y e a r , 9,724 s/f industrial lease to 90DEL125LLC. The expansion brings the space leased by the company to a total of 45,600 s/f at 901-925 North Delaware Ave. in Philadelphia. The transaction for the land- lord was handled by Penning- ton.  901-925 North Delaware Ave. Hanna Frederick Commercial handles $1.9 million commercial sale LEHIGH VALLEY, PA — Joe McDermott represented the listing office Hanna Fred- erick Commerical in the sale of 2346 Jacksonville Rd. for the price of $1.9 million. The sale/leaseback enables the non-profit seller to leverage the sale proceeds for its pro- gram, retaining jobs in the Le- high Valley, and creates a great investment for the buyer. 


400 Rte 315 Pittston, PA 18460 Building SF: Offering Price: Price PSF: NOI: Ownership Type:

Pittston Commons Offering Memorandum

400 Rte 315 Pittston PA 18460

For more information contact: Douglas Kelly, CCIM Broker/Owner 610-332-7320 dkelly@emeraldrealtygroup.com

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