Section C of the Mid Atlantic Real Estate Journal P ENNSYLVANIA BPG Properties, BartonPartners, Bohler Engineering & Capital One attend ceremony Madison New Britain breaks ground on 232-unit multi-family community S HOPPING C ENTERS
C
son to celebrate the start of construction at an official ceremony held September 19. “Madison New Britain provides construction jobs and good housing in an area that is very accessible to Bucks County and the re- gion. Housing and jobs mar- ried together is what makes a really vibrant community,” said Congressman Michael Fitzpatrick. Once complete in spring 2013, Madison New Britain will offer 232 luxury one-and- two bedroom units designed around a state of the art club house and amenities cen- ter. Resident amenities will
Company, LLC, headquar- ters. Dietrick represented Grist Mill Development Company, LLC, in the purchase of its new headquarters, situated at 1013 Brookside Road, Al- lentown. BETHLEHEM, PA — Kelly L. Berfield , of Di- etrick Group, represented the owner in the sale of the former Vitalistic Therapeu- tic Center, situated at 902 4thAvenue, Bethlehem. The buyer, Avenue 4, LLC , will be using the 10,810 s/f build- ing as office space. n include the 4,000-5,000 s/f clubhouse with WiFi, cardio fitness center, billiards room, resort pool, cybercafé, fully equipped kitchen with grill- ing areas and a sundeck. Madison New Britain com- bines suburban living with convenient access to exciting shopping and retail opportuni- ties, adjacent to New Britain Village Square. “Madison New Britain will offer the most sought out amenities, the latest green building specifications and will fit in nicely with our other 900 units in nearby central Montgomery County,” said Dan DiLella , president and CEO of BPG Properties. n
H A L F ON T, PA — Madison Apart- ment Group, L.P.
(Madison) , the multifamily operating arm of BPG Prop- erties, Ltd. , has announced the official ground breaking of its newest multifamily community, Madison New Britain. Located in Chalf- ont, Madison New Britain is the first new community to be developed in the region in several years, offering modern apartment living in a classic suburban set- ting. Congressman Michael Fitzpatrick , Commissioner chairman of Bucks County Robert Loughery and other local dignitaries joined Madi-
Shown from left: Bill Booth, Capital One; Bucks County Commissioner Robert Loughery; Congressman Michael Fitzpatrick; Bill Warwick, BartonPartners; Bill Rearden, Bohler Engineering, Dan DiLella, BPG Properties; Art Pasquarella, BPG Properties; Bob Maloney, BPG Properties; Joe Mullen, BPG Properties; Steve Spaeder, BPG Properties. Bohler Engineering featured on IC-C
Berfield of Dietrick Group reps owner in 10,810 s/f sale Dietrick Group assists in $15.2m student-housing portfolio sale
OCTOBER 12 - 25, 2012
HI-LIGHTS
ALLENTOWN, PA — Di- etrick Group’s Ryan C. Dietrick served as the pri- mary consultant for Grist Mill Development Com- pany, LLC , in the dispo- sition of a $15.2 million portfolio of student-housing near Lehigh University on Bethlehem’s South Side. The 50-building portfolio, comprised of 108 units with a total of 394 beds, primarily serves the students of the surrounding area. The disposition included the sale of 506-512 Thom- as Street, Bethlehem, a
Campbell of Campbell Comm’l. RE brokers $2.35m sale
LIFE Lutheran Services, Inc. has purchased the former Shaull Elementary School. Campbell reps the School Dis- trict and Ray “Buz” Wolfe of Wolfe and Company Real- tors reps LIFE Lutheran. See page 2C.
506-512 Thomas Street
mixed-use apartment and office building, which served as Grist Mill Development
Lieberman Earley & Co. brokers $1.62m sale
Lieberman Earley & Company , acting as the agent for the seller, has negotiated the sale of an 8,000 s/f office condominium within the Lionville Profes-
sional Center. See page 5C.
ALSO INSIDE:
E ASTERN PA S POTLIGHT ............................................... 5-12C PA P ROJECT OF THE M ONTH ............................................8-9C CREW L EHIGH V ALLEY ...................................................14C PA P ROJECT N EWS ...........................................................15C P EOPLE & C OMPANY N EWS ...............................................16C
www.marejournal.com
Arch i tecture | Urban Des i gn | Landscape Arch i tecture | I nter i or Des i gn
Made with FlippingBook - Online Brochure Maker