8C — December 8 - 21, 2017 — Central Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral P ennsylvania
Seven Hills Littlestown Littlestown Village Apartments Kranz of NAI CIR, cooperating with Moskovitz of NAI Global guided CPA property to market
ittlestown, PA — Littlestown Village Apartments was recent- ly purchased by Seven Hills Littlestown LLC from 110 NJL LLC. The 44 unit apartment complex, located in Adams County, was sold for $50,000 per unit. The property, taken over by a New York investment banking firm in 2015, was man- aged and repositioned for sale by NAI CIR . Capital improve- ments were under taken, oc- cupancy stabilized, and rental rates were increased for the formerly distressed asset. Nathan Kranz of NAI CIR, L
cooperating with Cliff Mos- kovitz of NAI Global’s New York City office, guided the property to market. Kranz rep- resented both the seller and the buyer in the transaction. In a separate transaction, The 2,000 s/f retail property located at 716 Erie St. in Dau- phin County was purchased by Carl Heininger from Paul and Lynn Speck. Nik Sgagias of NAI CIR represented the seller. NAI CIR, based in Lemoyne, is Central Pennsylvania’s old- est and largest exclusively com- mercial industrial real estate full service brokerage firm. NAI CIR is the Central Penn- sylvania representative of NAI Global, an international organi- zation of real estate profession- als with connections literally all across the world. Our transac- tion and management profes- sionals are among the most experienced and successful in the business, and our platform ensures that our expertise di- rectly benefits our clients. NAI Global is the single largest, most powerful global network of owner-operated commercial real estate broker- age firms. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solu- tions to their commercial real estate needs. NAI Global has more than 375 offices strategi- cally located throughout North America, Latin America, Eu- rope and Asia Pacific, with over 6,700 local market profession- als, managing over 380 million s/f of property. n receives top honors Brownstown, PA — Benchmark Construction Company, Inc. was awarded two Excellence in Construc- tion Awards on Thursday, November 16th hosted by The Associated Builders and Contractors, Eastern Chapter . Benchmark Construction won Awards of Excellence for: • Huntingdon Valley Coun- try Club – Racquets Building and Pool Pavilion Benchmark Construction was awarded an Award of Merit for the construction of: • Presbyterian Senior Liv- ing – Northwood Gardens at Kirkland Village Independent Living Apartments. n Benchmark Construction
Littlestown Village Apartments
C REATING V ALUE T HROUGH E XPERIENCE
L ANDLORD R EPRESENTATION W E REPRESENT OVER 5.3 M ILLION S QUARE F EET OF C OMMERCIAL S PACE AND L AND . O UR KNOWLEDGE OF LOCAL MARKETS , COMPETITIVE FORCES , MARKET CONDITION , & PRICE COMPARABLES COMBINED WITH OVER 25 YEARS OF EXPERIENCE MAKES US THE PERFECT CHOICE TO REPRESENT YOUR PROPERTY .
120 N. P OINTE B LVD ., S UITE 301 L ANCASTER , PA 17601 (717) 569-9373
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