6C — October 12 - 25, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
E ASTERN PA
Haines of NAI Summit reps seller in sale of drive thru restaurant Adams of NAI Summit sells 13,000 s/f building for $1.065 million
A
the commercial building industry. BETHLEHEM, PA —Mi-
LLENTOWN, PA — Michael Adams of NAI Summit re-
chael Adams of NAI Sum- mit recently represented the bui ld- ing owner in renewing the lease for UniTek at 22 Comme r c e
cently rep- r e s e n t e d the buyer, Yor i e Ti l e & Terrazzo Inc., and the seller, D & D Property Ma n a g e - me n t , i n
Michael Adams
John Crampsie
Schantz Rd.
Way, Bethlehem. This 14,400 s/f space is located in the Le- high Valley Industrial Park IV and provides easy access to Routes 512, 22, 33, I-78 and PA Turnpike 476. ■ BETHLEHEM, PA —
the transaction of a 13,000 s/f building on Schantz Rd. in Allentown. The value of the transact ion was $1,065,000. The buyer plans to manu- facture terrazzo and tile for
BENSALEM, PA — Rod- dy Inc. , the Bensalem in- dustrial and commercial real estate brokerage firm representedMichener I, LLC in the leasing of 10,000 s/f within their 49,150 s/f mod- ern one story flex building located at 2556 State Road, Bensalem to Michael Hale- bian & Co., Inc. Robert Olender of Roddy Inc. advised Michael Halebi- an & Co., Inc. a third genera- tion flooring specialties dis- tributor who sells exclusively to dealers, builders and com- mercial flooring contractors. The company will occupy the space for warehousing and the distribution of floor coverings. ■ Olender of Roddy Inc. leases 10,000 s/f ALLENTOWN, PA — Jay Haines of NAI Summit recently represented the seller in the transaction of 1134 Hanover Avenue in Al- lentown. The owner, Ernst Luce Investments, out of LosAngeles, CA, has been in possession of this drive thru restaurant, formally known as “The Stand,” since 1985. Zudi Katza, owner of Ray’s PizzainAllentown,purchased this site with the inten- tions to open another dining establishment. ■ quartered in Jeannette, PA and designs, manufactures, and services rotating equip- ment such as compressors and turbines. 2556 State Road
1134 Hanover Avenue
of a 2,635 s/f suite at 1525 Valley Center Parkway in Bethlehem. Elliott is head-
John Crampsie , principal of NAI Summit, represented Elliott Group in the leasing
Taylor | Zang | Munley | Dougherty of
Philadelphia, PA 215-531-7000
Washington, D.C.
www.TaylorZangMunley.com
202-536-3700
CVS Pharmacy Phoenixville, PA $10,370,347
McDonald’s Limerick, PA $1,777,777
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