2C — July 15 - 28, 2016 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
P ennsylvania
OODBR I DGE , NJ — The Kislak Company, Inc. President Robert Holland executes sales of 394 units The Kislak Co. completes $33 million in multifamily sales W
230,000+ SF INDUSTRIAL BUILDING FOR SALE 600 Brighton Street, Bethlehem, Lehigh County, PA
announc ed the r e c ent sale of four multifamily properties in eastern PA for a total of $32.85 mil- lion. The sep- arate trans- actions include the:
230,000+ SF industrial building with 16,000 SF 2-story office area, 6,130 SF showroom and 13,000 SF warehouse Set on 14+ acres minutes from Rts 378, 22, 33, & I-78 T5 lighting, 2000 AMP, 480 Volt 3 Phase 49 dock doors; 8 drive-in doors; 15 rail doors (private rail site) 20'-24' ceiling height; 220+ parking spaces
Robert Holland
For more information, please contact: Mike Adams 610 871 1701 | madams@naisummit.com
John Crampsie, SIOR 610 871 1683 | jcrampsie@naisummit.com
• $12.6 million sale of Lau- rel Wood Townhomes and Apartments, a 125-unit prop- erty in Clarks Summit, Lacka- wanna County; • $7.1 million sale of High- land Gardens, a 78-unit prop- erty in Allentown, Lehigh County; • $6.85 million sale of Wyo- missing Park Apartments, a 102-unit property in Reading, Berks County; and • $6.3 million sale of Al- pine Heights at Hershey, an 89-unit property in Hummel- stown, Dauphin County. Kislak marketed all of the properties and president Rob-
Laurel Wood Townhomes
85 units and the seller built an additional 40 new units. Highland Gardens is com- prised of 56 vintage apart- ments and 22 modern con- temporary units in a park-like setting. The property was built in 1937 (vintage units) and 1989 (contemporary units) and is located in the rapidly grow- ing Lehigh Valley. Wyomissing Park Apart- ments is a 102-unit apartment complex located in a quiet, residential setting of suburban Berks County. n
ert Holland represented all parties in the transactions. “The central and eastern Pennsylvania market for mul- tifamily properties remains very strong,” said Holland. “The population is increasing, occupancy rates remain high and rents are growing.” Laurel Wood Townhomes and Apartments was built in the 1960s and is located in suburban Scranton. This was the second time Kislak sold the property. The original prop- erty includes 16 buildings with
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