8C — November 13 - 26, 2015 — PA’s Premiere Available Properties — M id A tlantic
Real Estate Journal
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PA’ s P remiere A vailable P roperties
llentown, PA — FeinbergReal Estate Advisors, LLC and Collaboration helped expose property to additional investors Feinberg Real Estate Advisors partners with Auction.com to sell medical office building A
seller, Liberty Allen Square, LLC and the buyer, Sunstar Medical Center, LLC in the transaction. At the time of the sale of the property was 65% occupied. The property sold for $1.281 million. The partnership with Auction.com provided an opportunity to present the property to investors not typically considering prop- erties in the Lehigh Valley. The joint marketing and selling process enabled the team to present the prop- erty to unique investors and close the transaction quickly. “It was a pleasure to complete
this sale on behalf of Liberty Allen Square, LLC,” said Mc- Donnell Feinberg. “I had the pleasure of helping with my cli- ent’s acquisition of the property twelve years ago and appreciate being involved as the invest- ment property will continue to add value to the new owner.” Liberty Square Medical Center’s central location pro- vides opportunities for prac- tices associated with Lehigh Valley Health Network and St. Luke’s University Health Network. n Liberty Environ. expands site assessment and remediation Reading, PA — Lib- erty Environmental, Inc., a full-service environmental engineering and consulting firm, is pleased to announce the acquisition of Hafer Envi- ronmental Services, Inc., an environmental consulting firm located in Reading, PA. “This acquisition fuels con- tinued growth of our site assessment and remediation practice areas. We are thrilled to add the experienced staff from Hafer Environmental Services and build upon our client base in the region,” shared James Cinelli, P.E., BCEE , and president of Lib- erty. With former Hafer Envi- ronmental Services owner, Christopher Kern, P.G. , and senior environmental scientist Michael Bingaman both join- ing Liberty, the transfer will be seamless for existing Hafer clients. Both have more than 20 years of experience in site assessment, site characteriza- tion, storage tank manage- ment, and soil and groundwa- ter remediation. The acquisition of Hafer Environmental Services is the second acquisition by Liberty in the past three years. The purchase brings the total number of employees to 30. History of Hafer Environ- ment l Services, Inc. Hafer Environmental Ser- vices, Inc. was founded in 1989 by Larry Hafer as an indepen- dent company to provide envi- ronmental consulting services to support his clients at Hafer Petroleum Equipment now known as Hafer Equipment. The firm was purchased by Kern in 2008 upon Hafer’s retirement. n
KW C om - mercial part- nered wi th A u c t i o n . com to sell 501 N. 17th St., a 22,000 s/f medical of- fice building located in Al- lentown.
CindyMcDonnell Feinberg
Cindy McDonnell Fein- berg of Feinberg Real Es- tate Advisors and KWCom- mercial represented the
501 N. 17th St.
IRON RUN CORPORATE CENTER
7450 Tilghman Street Allentown, PA 18195
» Parking over 7 per thousand » Unlimited suite size divisibility » Limited number of Interior columns » High speed connectivity » On-site full-service cafeteria » Shared conference & training center » Easy access to and from major roads 7450 TILgHman ST. allentown, Pa | 70,000 sF available
Over 70,000 SF Available (Divisible to 3,500 SF) Up to 100,000 SF full building capability
• Parking over 7/1,000 • Limited number of Interior columns • New windows and entrances planned for south side of the building • High Speed connectivity • On site full service third party operated cafeteria • Unlimited suite size divisibility • Shared conference room for tenants
UndEr nEw OwnErSHIP 11 Buildings
• Single-story office building • First class property management • 9’ ceiling heights, 16’ clear • 37’ column spacing • Fully sprinklered • Roof-top AC units, electric heat • Municipal water and sewer
• 12,000 volt feed, 2,500 amp main, 480 volt electric service • Parking for over 700 cars • Located at interchange of Tilghman Street and Route 100. Easily accessible to Interstate 78/Route 22 and I-476 (Pennsylvania Turnpike)
Leasing agent: Jody King Vice President +1 610 398 3384 jody.king@cbre.com Licensed: Pa
CBRE, inC. 1275 glenlivit Drive, ste. 320 allentown, Pa 18106 +1 610 398 6900 www.cbre.com/allentown Licensed Real estate Broker
Jody King Vice President www.cbre.com/jody.king
T +1 610 398 3384 jody.king@cbre.com Licensed: PA
CBRE | 1275 Glenlivet Drive, Suite 320 | Allentown, PA 18106 | T+1 610 398 6900 | F +1 610 398 7815 | www.cbre.com/allentown Licensed Real Estate Broker © 2014 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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