6C — January 17 - 30, 2014 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
e astern Pa Frank Cullen of Binswanger represents seller
Beacon Commercial Real Estate completes $4.373 million sale of 120,000 s/f industrial building
K
inG OF PRussia, Pa — Beacon Com- mercial Real Estate,
F r a n k C u l l e n , o f Binswanger , represented the seller. n
John Greenwald, of Beacon, represented the buyer in this transaction.
LLC announced the sale of a 120,000 s/f industrial building, located at 381 Brooks Rd. Steven Kempf Building Ma- terials Co. acquired the build- ing from Estate of Anthony A. Martino for $4.373 million. The property, which was built in 1962, sits on 9.2 acres of land in the heart of King of Prussia. With nine exterior loading docks and two drive- ins of 14’, the building is in a great location near I-76 and the PA Turnpike.
dietrick Group brings architectural firm to Emmaus
EMMaus, Pa — Ryan dietrick , of dietrick Group , represented the landlord, and Kelly Berfield , of Dietrick Group, represented the tenant in leasing +/-5,735 s/f of office space in Emmaus’ former First Niagara Bank Building, situ- ated at 22 S. Second St. The new tenant, The Architectural Studio, Ltd. will occupy the
third floor. They join first-floor tenant Xperia Solutions, LLC, an apparel, footwear and acces- sories software company. n 381 Brooks Rd. The scranton Plan receives PPL Blue Ribbon Grant
381 Brooks Rd.
We’ve got the capital connections to deliver the right results.
R E C E N T N O R T H M A R Q T R A N S A C T I O N S
sCRanTOn, Pa — The scranton Plan was awarded a $6,000 PPL Blue Ribbon Grant in support of their Summer Festival event. The goal of the festival is to in- troduce corporate executives and real estate professionals from neighboring states to the quality of life and business opportunities available in the greater Scranton area. Through Blue Ribbon Mar- keting Partnerships, PPL provides financial support to local and regional economic development organizations. The Blue Ribbon Marketing Partnership program is lim- ited to marketing initiatives by non-profit economic de- velopment groups. To partici- pate, the non-profit economic development groups must be recommended by their PPL Regional Community Rela- tions director. n Luyster, assistant VP, The Scran- ton Plan; and Molly Lorenzen, economic development specialist, The Scranton Plan. Shown from left: Robert Durkin, president, The Greater Scranton Chamber of Commerce; Richard Beasley, NE regional affairs director, PPL Services; Amy
$9,000,000 Audubon Court Apartments SIZE: 174 UNITS CITY: AUDUBON, PA LENDER: FREDDIE MAC
$9,000,000 Alexandria Manor
$3,012,000 Dunmore Shopping Center SIZE: 101,080 SF CITY: DUNMORE, PA LENDER: CREDIT UNION
SIZE: 93 UNITS
CITY: NAZARETH, PA
LENDER: BANK
Real Estate Capital
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Joseph Sweeney 215.496.3067 PHILADELPHIA REGIONAL OFFICE | 33 OFFICES COAST-TO-COAST Edward Brown 610.975.4450 Philip Deeter 610.975.4451 Michael Aylmer 215.496.3007
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