2C — January 15 - 28, 2016 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania Will cover Philadelphia’s urban/suburban submarkets PrecisionRealty Group, LLC joins CORFAC International P HILADELPHIA, PA — Scott Savacool, CCIM, SIOR and2015

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president of CORFAC Inter- national announced that Precision Realty Group LLC (PRG) , has joined COR- FAC International as its new- est domestic affiliate and will cover Philadelphia’s urban and suburban submarkets and Southern New Jersey. Led by Principals Shaun Lyons , Steve Jeffries and Britt Mazzagatti , Preci- sion Realty Group/CORFAC International is recognized as one of the premier bou- tique real estate companies in Philadelphia providing broad market reach and clients with senior-level leasing and sales services to occupiers and prop- erty owners in retail, office, industrial, multifamily and land sectors. An invitation-only network of privately held and entre- preneurial commercial real estate brokerage and property management firms with 81 offices throughout the Ameri- cas, Europe and Asia, COR- FAC International invited Precision Realty Group to join after a strong endorsement from Joe Latina , a principal of Patterson-Woods Com- mercial Properties/COR- FAC International , based in Wilmington, DE. Shaun Lyons is president & CEO of the firm he co-founded in 2007 with Steve Jeffries.

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Shaun Lyons

Steve Jeffries

Britt Mazzagatti

region. "We are pleased to welcome Precision Realty Group to CORFAC International," said Scott Savacool, CCIM, SIOR, and 2015 president of COR- FAC International. "Precision Realty Group’s extensive local knowledge and contacts in the Philadelphia area strength- ens our global network and provides our members with best-in-class real estate ser- vices in an important U.S. market." "We are honored to become members of the CORFAC International network,” said Jeffries." By being part of CORFAC International, we are confident this relationship will enable us to leverage our senior-level expertise and client base into new business opportunities in the Philadel- phia area and other markets. We look forward to working with a group of like-minded professionals to better serve our clients and theirs,” Jef- fries added. n

Lyons is a former Adjunct Professor at the School of Busi- ness at Villanova University where he taught at The Daniel M. DiLella Center for Real Estate. He received his bach- elor’s degree from Villanova. Jefferies, born and raised in the Philadelphia area, is a graduate of Elon University in North Carolina. Both men are former recipients of the “Top 40 under 40” in com- mercial real estate (Lyons by the Philadelphia Chamber of Commerce and Jeffries by the Pottstown Mercury and the Tri-County Area Chamber of Commerce); the recognition honors top young producers in the Philadelphia suburbs. Britt Mazzagatti is the president of PRG’s Manage- ment Division. He holds a bachelor’s degree in business finance and accounting from Neumann College/Villanova University and has over ten years of experience man- aging office and industrial portfolio’s in the Philadelphia studio at Madison Farms in Bethlehem, which is projected to open in February of 2016. Madison Farms, a new mixed-use development, is situated at the intersection of Route 33 and Freemansburg Road and comprised of more than 140,000 s/f of retail and approximately 830 new residential units. Starbucks, Verizon Wireless, Chipotle, ShopRite, and Pet Valu cur-


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MSC Retail announces lease transaction with Pure Barre BETHLEHEM, PA — MSC Retail announced its fifth lease transaction with rently occupy space at the site. “With a plethora of ame- nities offered at Madison Farms, high demand existed for a unique fitness user,” said Andrew Shpigel of MSC Retail, who represented Pure Barre in the transaction. “I am thrilled that Pure Barre will expand its regional pres- ence in this high-profile sub- urban development.” n Roddy Inc. Sells 3024 Franks Road, Huntingdon Valley, PA Pure Barre, the largest a n d mo s t established barre con- cept inNorth A m e r i c a . Pure Barre will occupy a 1,200 s/f Andrew Shpigel

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HUNTINGDON VALLEY, PA — Roddy Inc. , the Ben- salem based industrial and commercial real estate bro- kerage firm represented An- derson Realty, Inc. in the sale of their 21,181 s/f one story building situated on 2.08 acres located at 3024 Franks Rd., Huntingdon Valley, Montgom- ery County, PA to Alro Steel Corporation.

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3024 Franks Road

400 Market Street, Suite 1250 Philadelphia, PA 19106 215.625.0099 1350 Connecticut Avenue NW, Suite 412 Washington, DC 20036 202.223.1941

Alro Steel Corporation, who formerly occupied the facility as a tenant. n

Robert Olender of Roddy Inc., who brokered the trans- action, advised the purchaser,

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