16B — March 2025 — Best of 2024 — M id A tlantic Real Estate Journal
www.marej.com
The LARGEST OFFICE SALE of 2024 NAI CIR
JLL Capital Markets Princeton Overlook Princeton, NJ
Bennett Williams Commercial 15-17 E Gay Street West Chester, PA
1800 Linglestown Road Harrisburg, PA
Jose Cruz
Jeremy Neuer
Nik Sgagias Robin R. Zellers Bryan Donovan
Tommy Ciccarone, Jr.
Size : 52,761 SF Brokers: Nik Sgagias, Robin R. Zellers, SIOR, FRICS, CRE, Bryan Donovan The 52,761 s/f office building located at 1800 Linglestown Road in Harrisburg has been sold to the McClure Company. As one of the mid-Atlantic’s largest integrated mechanical contractors since 1953, McClure has acquired the property to support its business growth. Robin Zellers, SIOR, FRICS, CRE, Nik Sgagias, and Bryan Donovan represented the seller in the transaction.
Size: 158,180 SF Brokers: Jose Cruz and Jeremy Neuer JLL worked on behalf of the seller to arrange the sale of Princeton Overlook. The property is positioned on approximately 21 acres, is a four-story office building that was originally built in 1988. The site was originally intended to house two buildings, therefore allowing future development on the vacant land.
Size: 28,436 SF Broker: Tommy Ciccarone, Jr.
15-17 East Gay Street is a professional office building located in the Borough of West Chester in Chester County, Pennsylvania. The building is just shy of 30,000 s/f, is adjacent to a parking garage, and includes monument signage. There are multiple suites spread across the building’s two floors. Tommy Ciccarone, Jr. of Bennett Williams Commercial represented the seller in this investment sale.
The MOST UNIQUE OFFICE SALE of 2024
The Dougherty Team of Marcus & Millichap Washington Square West
JLL Capital Markets 2 Hilton Court Parsippany, NJ
NAI Summit Historic Crayola Manufacturing Building
Location: Egg Harbor Township, NJ Size: 27,345 SF / 2.43 Acres Brokers: Mark Krantz & Derrick Dougherty Washington Square West in Egg Harbor Township, NJ, stands out as one of the most significant office sales of the year. This rare first-generation sale marked the transition of a family-owned property after 35 years of ownership. Spanning 27,345 s/f on 2.43 acres, the 100% occupied office park features 25 diverse tenants, including medical practices, legal firms, and financial companies. Its well- maintained colonial-style architecture, tranquil courtyard, and strategic location near major highways made it a highly sought-after asset. This transaction highlights the enduring appeal of suburban office investments in dynamic growth markets.
Size: 123,000 SF Brokers: Marc Duval, Jose Cruz, Jordan Avanzato, Nicholas Stefans and Jason Lundy JLL worked on behalf of the seller to arrange the sale of 2 Hilton Court, a 10.41-acre site which will be redeveloped f rom an office building into a 123k s/f warehouse in Parsippany, New Jersey. Once completed, 2 Hilton will be occupied by a major distributor within the major transportation industry which will bring ~500 daily jobs and over $30 million in capital investment into the Parsippany market. The property is strategically located near the major I-80 and I-287 interchange in affluent and dense Morris County within the SED-10 zone, one of the specialized economic development districts in Parsippany.
Location: Easton, PA Size: 102,000 SF on 8.9 Acres Broker: Matt Sprung, AICP, PP
The historic Crayola manufacturing facility has been sold to a local Allentown developer planning a residential redevelopment. Matt Sprung, Associate Broker with NAI Summit, represented the seller, an out-of-state investor. Originally built in the 1890s by Binney & Smith, Crayola’s predecessor, the 94,000 s/f, 8.9-acre property along Bushkill Creek includes four office, industrial, and flex buildings. The new owner intends to transform the site into workforce housing to meet the high demand in the Lehigh Valley.
Made with FlippingBook Ebook Creator