10C — January 15 - 28, 2016 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania

State-level recognition for Traffic Planning and Design

A 125,000 s/f, six story building with retail/office space CBRE announces tenants at Greenway Park LP Building B

ETHLEHEM, PA — During a press confer- ence hosted by Bethle- hemMayor Robert Donchez, it was announced that St. Luke’s University Health Network and Lehigh University have committed to being the anchor tenants at Greenway Park’s new building at 3rd and New Streets in South Bethlehem. Developer Dennis Benner unveiled plans for the 125,000 s/f, six story building, which will include retail space on the first floor and office space on the second through sixth floors. The $20 million project is the first of many new devel- opment projects planned in Southside Bethlehem. CBRE ’s Jody King represents the landlord, Dennis Benner of Greenway Park, LP. Mayor Donchez said, “this commitment by Atty. Benner, Lehigh University, and St Luke’s University Health Net- work is important because it will serve as a catalyst for ad- ditional development in South Bethlehem. It will also serve as a gateway into the city from Route 378 and provide much needed foot traffic for the busi- nesses in South Bethlehem.” St. Luke’s University Health Network will have a mixed-use floor of clinical, teaching and administrative space. “Thi s bui l d ing pro j ec t strengthens St. Luke’s Uni- versity Health Network’s long standing commitment to our neighbors and the Bethlehem Southside, and it also con-

Development rendering

learn, work and play,” said Alicia Karner, Bethlehem’s Director of Community and Economic Development. The groundbreaking for the new building will begin in the spring of 2016 and construc- tion should be completed in the spring of the following year. Additionally, a brand new parking garage is being built adjacent to the site. “This building represents the culmination of hard work by many people and is rep- resentative of a true public private partnership. We are particularly pleased that we have the good fortune to de- velop in concert with our alma mater for our alma mater. We are equally pleased that this development continues a business relationship with our good friends at St. Luke’s. This begins a new day in South Bethlehemand is an invitation to all those who want to join in the creation of a college town,” said Attorney Dennis Benner. “It is particularly gratifying for my brother and I to be part of an effort to redevelop the area around our Alma Mater,” added Attorney Garrett Benner. n Eastern Pennsylvania has named John Hickey COO. Hickey, who joined Lee & As- sociates Eastern PA this year on a consultative basis, is responsible for all aspects of the company’s day-to-day op- erations, which includes bud- geting, forecasting, financial reporting and performance tracking, human resource management, vendor relation- ships and the relationship with Lee & Associates family of companies, with bottom- line financial accountability. Before joining Lee & Associ- ates, Hickey served 10 years as the president and signifi- cant equity owner of a large auto dealership. Previously, he was vice president and general counsel of a health insurance company. n

tinues a long tradition of St. Luke’s and Lehigh University working together as part of our ongoing relationship,” said Richard Anderson, president & CEO of St. Luke’s Univer- sity Health Network. "Lehigh University is proud to play a significant role in this gateway initiative for South- side Bethlehem,” said Dr. John Simon, Lehigh University president. “We are happy to join St. Luke’s as an anchor tenant in this building, and our presence will enable Le- high to further demonstrate a strong commitment to serving as a positive community part- ner. We extend our gratitude to the Mayor for his support of our participation in this project.” “I am excited that this long vacant lot will see develop- ment in the new year. This building will not only anchor a key gateway to the South- side, but it will bring new em- ployees, new businesses and new tax revenue to the City of Bethlehem. This continues to further the city’s goals of maintaining a community in which residents can live, Knowles, SIOR, CCIM , Lee & Associates of Eastern Penn- sylvania. Knowles, one of the founding partners of Lee & Associates of Eastern Pennsylvania, will be the principal in residence at the new office. This second office will al- low Lee & Associates Eastern Pennsylvania to continue its growth in the market and will allow the firm to provide com- prehensive market coverage within the Philadelphia sub- urban areas. The new office will offer a full range of real estate services with specific expertise in the Philadelphia and Lehigh Valley markets, along with Southern New Jersey and Delaware. In addition to the office expansion, Lee & Associates

panded to seven PA locations, with one additional office in NJ, and provides transporta- tion engineering services to a diverse selection of clients throughout the Mid-Atlantic region. Each year, judges use a combination of an employer and employee survey to deter- mine a company’s score and final ranking on the list. TPD was ranked among 100 total employers providing services across the board including pharmaceutical, accounting, marketing consulting, finan- cial services and much more. n County. 150 South Charlotte Street Property, LP purchased the property from J. Michael Connelly and George H. For- rey. Tom Troccoli of Ben- nett Williams represented the buyer. 3,467 s/f retail building sold at 2044 Springwood Rd., York Township, York County. 2044 Springwood, LLC purchased the property fromAlison Chan Liang & Ta Cheng Liang. Chad Stine, Brad Rohrbaugh and Brian Parrish of Ben- nett Williams represented the seller. 6,840 s/f retail building sold at 10 Witmer Rd., East Lam- peter Township, Lancaster County. Trang H. Le and Nicole P. Phan purchased the property from Jeffrey D. & Di- ane G. Ciardi. Tom Troccoli of Bennett Williams represented both the buyer and the seller. 6,000 s/f office building sold at 500-510 Greenbriar Rd., Manchester Township, York County. 500-510 Greenbriar Road, LP purchased the prop- erty from AG Equity Services, Inc. Chris Seitz of Bennett Williams represented the buyer and Chad Stine and Brad Rohrbaugh of Bennett Williams represented the seller. n

PENNSYLVANIA — Traf- fic Planning and Design, Inc. (TPD) was named the #21 Best Place to Work for in PA (small/medium employers group, under 250 employees) in their 10th year on the list at an annual event hosted by Team Pennsylvania, the De- partment of Community and Economic Development, and the Central Penn Business Journal! The firm jumped up eight spots this year, com- pared to their 2014 ranking at #29. Since its establishment in 1989 in Oaks, PA, TPD has ex- YORK, PA — Bennett Wil- liams Commercial —one of the largest third-party, com- mercial real estate firms in Central Pennsylvania—has arranged the sale of the fol- lowing transactions: 9,100 s/f retail building sold at 2020 State Route 54, Clinton Township, Lycom- ing County. SRI Gopal Prop- erties, LLC purchased the property from MDC Devel- opment, LP. Chad Stine , Brad Rohrbaugh and Adam Hagerman of Bennett Wil- liams represented the seller. 2,418 s/f office building sold at 2080 Springwood Rd., York Township, York County. Sul- livan Enterprises purchased the property from Stephen & Pamela Laucks. Chad Stine, Brad Rohrbaugh and Abe Khan of Bennett Williams represented both the buyer and the seller. 18,000 s/f industrial build- ing sold at 205 Hazel St., Lancaster City, Lancaster County. Lapex, LLC pur- chased the property from L. James Weaver. Jeff Herr of Bennett Williams represented the seller. 2,256 s/f multifamily build- ing sold at 150 S. Charlotte St., Manheim City, Lancaster

Bennett Williams Commercial brokers 48,081 s/f in sales

Lee & Associates of E. Pennsylvania opens suburban Philadelphia office

FT. WASHINGTON, PA —The Eastern Pennsylvania office of Lee & Associates ,

one of the largest bro- ker - owned commercial real estate firms in the nation, has o p e n e d a S u b u r b a n Philadelphia

John Hickey

office, located at 540 Penn- sylvania Ave., Suite 102, Ft. Washington. “We are excited to expand our footprint in Pennsylva- nia and this new office will provide us the platform to continue to recruit talented brokers to help build our com- prehensive practice through- out the region,” said Brian

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