14B — April 2023 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
UCKS COUNTY, PA — NAI Mertz , a full- service commercial Sternberg & The Licht Team negotiate deals in SEPA NAI Mertz completes 35,880 s/f in Bucks County transactions B
The Buccini/Pollin Group acquires One Tower Bridge
CONSHOHOCKEN, PA — Wilmington-based developer The Buccini/Pollin Group, Inc. (BPG) announced the purchase of One Tower Bridge, which closed on the acquisi- tion on Friday, March 31st. Located at 100 Front St. in Conshohocken, the 271,678 s/f class A office tower is situated along the Schuylkill River in the highly desirable suburban submarket of Philadelphia. Built and designed by Skid- more Ownings & Merrill in 1989 as the first major keystone project to establish the Con- shohocken class A office mar- ket, One Tower Bridge features classic, timeless architectural design, 360-degree panoramic valley and river views, and convenient tenant and visi- tor access with 799 available parking spaces onsite. Build- ing amenities include a fitness center with locker rooms and showers, an outdoor terrace, and a multi-purpose room. BPG plans to invest $9 mil- lion of capital improvements in the property which will improve the overall tenant experience throughout the 15-story landmark building. The improvements include garage and plaza renovations, common area restroom and corridor upgrades, ground level lobby enhancements, and exte- rior façade work. One Tower Bridge has been among the most stable of- fice properties in the region, having retained 65% of the tenants that leased space after initial construction 33 years ago. Anchored by Mor- gan Stanley, the property is currently 92% leased to a di- versified tenant roster, which includes some of the most Contact: Sean T. Durkin (215) 245-2600
real estate firm recent- ly completed the following transactions in Bucks County: Joe Stern- berg , senior associate, completed the lease of A 10,800 s/f warehouse at 1230 E. Circle Dr. in Oaks. on behalf of the tenant, East Coast Volleyball. The compa- ny provides volleyball equipment and organiz- es volleyball tournaments throughout the country.
1230 E. Circle Dr. interior
100 Front St.
Joe Sternberg
prestigious financial services and investment management companies in the region. BPG currently manages 7 million s/f of commercial office space, which includes invest- ments in the Conshohocken office market since acquiring Quaker Park in 2005. BPG also manages Swedesford Park in nearby Wayne. “It is with great excitement that One Tower Bridge joins the BPG portfolio of best-in-class office, residential, hotel, re- tail, sports and entertainment projects throughout the United States,” said Chris Buccini , co-president of The Buccini/Pol- lin Group. “We remain commit- ted to the office sector overall and the Conshohocken market in particular, which continues to be the location of choice for both nationally-recognized corporations and prominent locally-based tenants. We are honored to continue the legacy of the original developer, Don- ald Pulver of Oliver Tyrone Pulver Corporation, in manag- ing one of the region’s most prestigious office addresses and providing a home to some of the most prestigious tenants in the region.” MAREJ
210 Andrews Rd.
Jeff Licht
East Coast Volleyball, Event Coordinator. The Licht Team of Jeff and Jared Licht has sold 210 Andrews Rd. in Trevose. The Lichts’ represented the seller, 210 LLC, in the investment sale and 1031 replacement to the Jane K. Betz, Trustee of Jane Betz Living Trust. Jeff Licht previously represented 210 LLC in the lease of 210 Andrews to Fraser Optics. This purchase represented an investment opportunity. The sale price was not disclosed. 210 Andrews is a class A one- and two-story modern headquarter facility current- ly home to Fraser Optics, which utilizes the space for the manufacturing and design of binoculars and associated equipment. The building totals 25,080 s/f with an additional 8,040 s/f interior garage on a 1.32-acre parcel. The space
features beautiful second floor office areas totaling 8,000 s/f for senior management, staff and engineering teams. The remainder of the building features heavy power, 100% climate control, one tailgate, two drive-in doors and is 100% sprinklered via a wet system. “210 Andrews is one of the nicest buildings I have ever represented,” said Jeff Licht. “From its brick exterior to countless interior upgrades to a conditioned under building parking garage, this build- ing projects a great image for any owner and/or user. I have been very fortunate to both lease and sell it over the last 7+ years.” The sale of 210 Andrews marks the second sale of a building within this same industrial park for Jeff and Jared having also sold 515 Andrews Rd. last year. MAREJ
Jared Licht Roddy Inc. Industrial & Commercial Realtors
Glenview Corporate Center 3220 Tillman Drive, Suite 112 Bensalem, Pennsylvania 19020-2028 215.245.2600 Office
“East Coast Volleyball is realizing significant growth and as a result required more space. This is the second lease that I have represented the company in securing. I look forward to continuing our long-term relationship,” stated Sternberg. “Joe assisted us in locating this warehouse and negotiat- ing a favorable lease. He was very diligent in making sure the search and completion of the lease agreement happened in an efficient and professional manner,” said Tim Kilian, Press Release
215.245.2670 Fax www.roddyinc.com realestate@roddyinc.com
For Immediate Release
Campbell leases retail space at One Lemoyne Square, Lemoyne
Durkin of Roddy Inc. leases 12,300 s/f at Keystone Business Center III 2522 Pearl Buck Road, Bristol, Bucks County, PA
Sean Durkin of Roddy Inc. Leases 12,300 Square Feet at Keystone Business Center III 2522 Pearl Buck Road, Bristol, Bucks County, PA
HARRISBURG/ME- CHANICSBURG, PA — Frankie Byrd has leased a 1,195 s/f retail space at One Lemoyne Square, Lemoyne. She will be relocating her salon, Juss Vibes Hair & Beauty Studio, to the center. The salon is serviceable to all hair types and textures, offers hair loss prevention, healthy hair maintenance and color. One Lemoyne Square is also home to Part- ners in Women’s Healthcare, Keystone Pain & Rehabili- tation, Harrisburg Joint & Muscle and ManiPedi Spa. Jessica Gasper and Art Campbell of Campbell
Commercial Real Estate, Inc. represented both the landlord and the tenant in this lease transaction. Intelliprint Solutions has leased 36,000 s/ft of warehouse and office space at 207 Lynn- dale Court, Mechanicsburg. Intelliprint Solutions offers a full range of printing, web- based technology and mar- keting solutions for a diverse group of industries. They will be relocating their warehouse operation and administrative offices to the new Mechanics- burg space. Gasper and Campbell repre- sented the tenant in this lease transaction. MAREJ
BRISTOL, PA — Roddy Inc. , the Bensalem, PA in- dustrial and commercial real estate brokerage firm repre- sented ownership in leasing to Assa Abloy Entrance Systems US Inc. a 12,300 s/f unit within the 24,600 s/f modern one story building located at 2522 Pearl Buck Road, Bristol. Sean Durkin o f Roddy Inc. advised Assa Abloy Group is the global leader in access solutions. Assa Abloy Entrance Sys- tems provides solutions for efficient and safe flow of goods and people. Their offering includes a wide range of auto- mated pedestrian, industrial
2522 Pearl Buck Road
and residential doors, loading dock equipment, perimeter
fencing and service to more than 100 countries. MAREJ
Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm represented ownership in leasing to Assa Abloy Entrance Systems US Inc. a 12,300 square foot unit within the 24,600 square foot modern one (1) story building located at 2522 Pearl Buck Road, Bristol,
Made with FlippingBook Digital Proposal Creator