O wners , D evelopers & M anagers
M id A tlantic Real Estate Journal — Section C
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TSW Alloy Wheels Company to Set Up Shop in the Lehigh Valley J.G. Petrucci recently closed on the sale of 105,840 s/f in Easton, PA, to TSW Alloy Wheels
HI-LIGHTS Nov. 13 - Dec. 10, 2020 ing development and design/ build construction firms, re- cently announced the turnkey sale of 4650 Braden Blvd. East, Easton, to industry leader TSW AlloyWheels (TSW). One of the oldest aftermarket wheel com - panies in the world, TSW, first opened a distribution center in Southern California before expanding its presence in the United States market to eight distribution centers. Their newest acquisition will feature E ASTON, PA — J.G. Pe- trucci Company Inc. , one of the region's lead-
site's location puts more than 40% of the Nation's population within a single day's drive and will allow TSW to meet current market demands by providing customers with their product within 24-48 hours. "The team at Petrucci was great to work with and de- livered a highly functional state-of-the-art building. They accommodated all of our needs and helped us to hit the ground running on day one,” explains Terence Scheckter, CEO of TSW Alloy Wheels. “The loca- tion in the Lehigh Valley will give us the ability to deliver to a massive amount of customers within 24 hours. " Situated on 9.6 acres, TSW's new distribution warehouse facility features 36' clear height, a capacity of up to 26 dock doors, two drive-in doors, motion sensor LED lighting,
than 30% of a resident’s income. The groundbreaking marks an important milestone in the project that began in late 2015 when nonprofit senior housing operator, Fellowship Square Foundation, issued an RFP to partner with Fellowship to redevelop the Lake Anne Fel- lowship House, an aging senior housing community built in the 1970s. Community Preservation and Development Corporation, ECD’s predecessor, responded with a novel solution: instead of relocating the residents tem- porarily until the permanent homes were finished, they would construct a new building on an underutilized portion of the site, offering residents a onetime relocation and the developer the ability to create homes with im- proved accessibility, energy effi- ciency and numerous amenities. The architect for LakeAnne House is Grimm+Parker Architects . The civil engi- neering firm is Charles P. Johnson and Associates , the owner’s representative is Orr Partners and the gen - eral contractor is Bozzuto Construction . MAREJ ESFR Fire Sprinkler System, and 4,000 AMP electric. The site's location in Easton, pro- vides excellent access to Rte. 33 and is minutes from New Jersey. "Our top priority is to cre- ate quality facilities for our clients that will stand the test of time," said executive vice president Joe Correia . "We are thrilled to support the growth of TSW Alloy Wheels. 4650 Braden Blvd. East is ideally located in the Lehigh Valley, making this acquisition a tremendous opportunity for TSW." The distribution facility for TSW will be divided into two suites, with TSW occupying approximately 60,000 s/f of the building. Paul Weiss of PFWeiss Re- alty was the broker involved in the transaction. MAREJ
4650 Braden Blvd. East
a newly constructed 105,840 s/f state-of-the-art distribution warehouse center located in the Lehigh Valley. A key player in the interna- tional automotive alloy wheels
market, TSW recognized 4650 Braden Blvd. East's superb ac- cess to the Northeast's major metropolitan regions, allowing them to expand further into the Northeast market. The
ECD and Fellowship celebrate groundbreaking of $86 Million Lake Anne House in Reston, VA
SPOTLIGHT
3-15C Professional Services Contributing Columnists:
RESTON, VA — Enter- prise Community Develop- ment (ECD) and Fellowship Square Foundation (Fel- lowship) celebrated the official groundbreaking of Lake Anne House, a new mid-rise build- ing serving low-income senior residents located at 11444 North Shore Dr. in Reston. Chairman of the Fairfax County Board of Supervisors Jeffrey C. McKay, Hunter Mill District Supervi- sor Walter L. Alcorn, Virginia Housing CEO Susan Dewey (virtually), Fairfax County Re- development and Housing Au- thority Commissioner for the Hunter Mill District Richard Kennedy and Capital One’s Community Finance senior di- rector Ed Delany (virtually) will join representatives from ECD and Fellowship Square to put shovels in the ground marking the beginning of construction on the $86 million project. “Here in Northern Virginia we have nowhere near the level of housing for low-income seniors that we need, and this trend is growing worse with the aging of baby-boomers and expand- ing redevelopment projects that
Brendan McGrath, PE, CCP, LEED AP, AKF
4C
Shown from left: Dick Kennedy, Fairfax County Redevelopment and HousingAuthority; Ed Delany, Community Finance, Capital One; Brain McLaughlin, Enterprise Community Development;WalterAlcorn, Hunter Mill District; Thomas Fleetwood, Fairfax County Department of Housing and Community Development; Jeffrey McKay. Back row: Eddie Bryne, Fellowship Square Foundation; Matt Engle, Enterprise Community Development; Suzanne Welch, Enterprise Community Development; Christy Zeitz, Fellowship Square Foundation
drive prices up. In fact, older adults are now at greater risk of homelessness than at any time in recent history. Lake Anne Fellowship House has provided housing to hundreds of low-income seniors over the past 50 years,” said Christy Zeitz , CEO of Fellowship Square. “Many of our residents live on
Social Security or Supplemental Security Income alone, and the average annual income across our communities is $12,000/ year. The new, modernized Fel- lowship Square residences will be more space efficient, energy efficient, and will provide en- hanced amenities – while still assuring that rent is never more
Ken Apen, LEW Corp.
5C
ALSO INSIDE People on the Move ............16C www.marej.com
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