8C — January 12 - 25, 2018 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
P ennsylvania
Maas Companies New sale date for 163 acres of development land being sold via Sheriff Foreclosure Auction! B
This property is located next to other active commercial developments, including the new/under construction $14 million PHN Health Center and adjacent to an operating auto dealership. With over $3.5 million of site improve- ments to-date, the property also offers monies in an Infra- structure Escrow Account for required development costs, as well as a $391,000 ARLE Grant, and a $586,000 ARC Grant to assist in the remain- ing infrastructure. “This sheriff auction offers a great opportunity for a new
owner; lenders agree that this is the best way to bring this land to the marketplace,” Ty- ler Maas , director of sales and marketing for Maas Compa- nies , said. “The due diligence package is complete; the prop- erty and funding are waiting for a new owner.” Bidders are encouraged to view the property at their convenience or a staff mem- ber will be on-site during the below noted times: Tuesday, January 16 from 10 a.m. to 2 p.m. Details of the sale are avail- able on the Maas Companies website. n Bennett Williams completes transactions in Central PA BETHLEHEM TWP., PA — Bennett Williams Com- mercial has arranged the sale/lease of the following transactions: 1,500 s/f retail space at Madison Farms, 4743 Free- mansburg Ave., Bethlehem Twp., Northampton County, PA. Prestige Technologies, LLC leased the property from KRE Bethlehem Retail, LP. Jeremiah Hamilton of Bennett Williams Com- mercial represented the ten- ant and Blake Gross and Dave Nicholson of Bennett Williams Commercial rep- resented the landlord in the transaction. 5,810 s/f retail space at Ken- horst Plaza, 1895 New Hol- land Rd., Kenhorst Borough Liquor Control Board leased the property from 1895 New Holland Road, LLC. Mark Jacobs , Brad Rohrbaugh , and Chad Stine of Bennett Williams Commercial repre- sented both the tenant and the landlord in the transac- tion. 1,000 s/f office space at 419 Davisville Rd., Upper Moreland Twp. Fred Dobisch leased the property from 418 Davisville Rd., LLC. Bill Hess and Theo Notaras of Bennett Williams Commer- cial represented the landlord in the transaction. 1,080 s/f office space at 621 Swedesford Rd., East White- land Twp. VenusGeo Solu- tions, LLC leased the property fromWilliam Thompson. Bill Hess of Bennett Williams Commercial represented the landlord in the transaction. n
URNHAM, PA — Indi- viduals, developers and investors will have the opportunity to purchase tracts of commercial, industrial and residential development land in Burnham via Sheriff Fore- closure Auction. The auction is Wednesday, January 17 at 10:15 am. The auction will be held off-site at the Mifflin County Courthouse at 20 N. Wayne Street, Lewistown. The 163.13± acres site is rec- ognized as the Derry Heights Development and is located off Burnham/Yeagertown In- terchange of Rte. 322 West.
Land in aerial in Burnham
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