S hopping C enters P ennsylvania F eaturing C entral & W estern PA www.marej.com M id A tlantic Real Estate Journal — Pennsylvania — August 19 - September 15, 2022 — 11B Cushman & Wakefield’s Young, Meyers, Traul and Brogan represent landlord Keystone Development + Investment achieves 203,520 s/f of leasing at The Washington
ONSHOHOCKEN, PA — Keystone Development + In- vestment and Cushman & Wakefield jointly announced that Keystone Develop- ment + Investment has signed three new leases with Lighthouse Immersive and Impact Museums, the GSA, and Ace American Insurance Company at The Washing- ton – a signature building in Philadelphia’s historic Inde- pendence Mall that is one of the most prestigious corporate addresses in the city. This leasing activity takes The Washington’s occupancy level to over 90%. Lighthouse Immersive and Impact Museums, the com- pany that brought the popular Immersive Van Gogh exhibits to cities across the country, will occupy 31,718 s/f on the ground floor when it opens in spring 2023. With its soar- ing 26-foot-tall ceilings, open blocks of space, accessibility to transit, and history, The Washington provides Impact Museums with a unique space to bring a fully-immersive experience to Philadelphia. C
GSA, the United States General Services Adminis- tration, has signed a lease for 31,217 s/fon the second floor. Ace American Insurance Company, a global provider of insurance products, renewed its 140,585 s/f lease in the building because of its flexible lease term and ability to have a cost-effective, sizable office space solution. “This activity not only brings exciting new tenants to the building, but also strongly positions Keystone Development + Investment for the next evolution of the property as a world- class workplace,” added Jack Meyers, executive director at Cushman & Wakefield. Keystone acquired nearly three million s/f on Indepen- dence Mall—The Washington, The Curtis, and 100 Indepen- dence—with a bold vision to transform the nation’s most historic corridor into a vibrant destination. Today, it’s home to luxury residences, biospace, creative office, and lively res- taurants and retail. In 2016, Keystone purchased The Washington, designated
with landmark status by the National Register of Historic Places, and it has come to represent the company’s ex- pertise in adaptive reuse. As a welcome addition to “Museum Row,” the building is located at a prominent address at the corner of 6th and Walnut Streets. The 880,000 s/f, criti- cally acclaimed architectural gem offers a wide range of de- sign and floor options for retail and office use, state-of-the-art HVAC and security systems to enhance tenant comfort and safety, and a computer- ized lighting control system that is one of many advanced energy-saving features. In ad- dition, Keystone has reached an 18-month agreement with ENGIE Resources LLC mak- ing The Washington 100% powered by renewable energy. This is Keystone’s first step in transitioning its entire portfo- lio to renewable energy. Cushman & Wakefield’s Brian Young, Jack Mey- ers, Howard Traul, and Dan Brogan represented the landlord, Keystone Develop- ment + Investment, in the transactions. MAREJ ins. Spanning 58,890 s/f, 629 Lowther Road includes five dock doors and two drive-ins with one 16,000 s/f space currently available for lease. 621 Lowther Rd. is the smallest of the three buildings at 16,800 square feet with one dock door and five drive-ins. “Markets like Harrisburg are increasingly being seen as key pieces in filling what has been insatiable demand for industrial space in the eastern United States,” said Victor Kelly , executive vice president of Raider Realty . “We are excited to announce the acquisition of Fairview Industrial Park as it will al- low us to tap into an emerg- ing industrial market and continue to grow our portfo- lio of high-quality industrial assets across New Jersey and Pennsylvania.” MAREJ
The Washington
The experience will honor the features of the building and bring a sense of emotion and excitement to its visitors, along with a best-in-class food and beverage program driven by local vendors. “With Independence Beer Garden at 100 Independence, PJ Clarke’s at The Curtis,
and now Impact Museums at The Washington, Keystone is transforming Independence Mall into a true destination for not just historic, tourist attractions but now a neigh- borhood with dining and im- mersive experiences for every- one to enjoy,” said Keystone’s CEO, Bill Glazer .
Larken Associates acquires 137,404 s/f industrial complex LEWISBERRY, PA — Larken Associates , a re- gional leader in real estate building, development and management, announces the acquisition of Fairview Industrial Park, a three- building, 137,404 s/f in- dustrial complex located at 621-641 Lowther Rd. in Lew- isberry. Gerry Blinebury and Brendan McGeary of Cushman & Wakefield represented the seller and Larken Associates was rep- resented by Raider Realty, its in-house brokerage divi- sion, in the transaction.
Fairview Industrial Park is located off Interstate 83 in the Harrisburg Trade Area. In addition to easy access to Interstate 83, the building also boasts superior connec- tivity to Interstates 76, 78 and 81 and several regional transportation routes placing
Fairview Industrial Park
18’ clear ceilings and private tenant entrances. 631-641 Lowther Rd. is the largest of the buildings standing at 61,714 square feet with eight dock doors and three drive-
40 percent of the US popula- tion and 60 percent of the Canadian population within a one-day truck drive. The complex is currently nearly 100 percent occupied
by a wide variety of tenants including LeafGuard, Best Dressed Associates, Preci- sion Pulley, Eastern Surfaces and Paul Davis Restoration. All three buildings also boast
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