Real Estate Journal — Pennsylvania — July 14 - 27, 2017 — 7C
www.marejournal.com
M id A tlantic
P ennsylvania
est Chester, PA — Clarion Partners and JLL Located in a Keystone Innovation Zone Clarion Partners &JLL announce leasing of newly renovated class A office building in West Chester W
and a strong sense of place,” said Margaret Egan , senior vice president at Clarion Partners. “The expansive and bright lobby and café provide alternative, informal work and gathering spaces that ownership believes are unri- valed in the competitive set. The improvements provide for a high-end experience intended to improve tenant identity, productivity and comfort, and we are very excited to re-introduce this property to the market.” “JLL is thrilled to work with
Clarion Partners again as we take the lead in this first-time- ever leasing opportunity,” said JLL senior vice president Whitney Hunter . Additionally, the West Chester property is located in a Keystone Innovation Zone, part of an incentive program developed by the Pennsylvania Department of Community &Economic Development that provides tax credits to for-profit compa- nies less than eight years old with operations in targeted industries. n
announced the completion of a $3 million renovation at 1475 Dunwoody Dr., a 121,416 s/f class A office building located in West Chester. The asset is owned on behalf of a com- mingled fund managed by Clarion Partners. PNE reveals NEPA has lowest operating costs for food and plastics manufacturing Pittston, PA — Two independently produced stud- ies show that Northeastern
1475 Dunwoody Dr.
The extensive renovation scope focused on refreshing the common areas to position 1475 Dunwoody at the leading edge of the suburban Philadelphia class A office market. Updates
include: two-story lobby, rest- rooms, café, elevator finishes, and landscaping. “Clarion has renovated 1475 to provide for a class A environment charac- terized by first-class amenities
Pennsylvania is one of the best locations in the coun- try for com- panies look- ing to open new food and plastics man- u f a c t u r i n g facilities.
John Augustine
The Boyd Co., an internation- ally recognized site location firm, recently compared cities across the country to North- eastern PA. The Boyd studies show that Northeastern PA has the lowest food and plastics manufacturing costs among those surveyed. Both studies looked at com- parative annual operating costs which included site acquisi- tion and construction, taxes, utilities, and labor. Locations studied included metro areas in New England, NY and NJ, Baltimore, and several areas within PA. “These studies reaffirmwhat we have been saying for years. Companies that are looking to grow their business on the East Coast should be looking at all that our region has to offer,” said John Augustine , presi- dent/CEO of Penn’s North- east (PNE). PNE plans to distribute the report to hundreds of compa- nies in the food and plastic sectors as well as to commercial real estate brokers and na- tional site location consultants. Penn’s Northeast serves as the single point of contact to assist brokers, site selectors and companies with all of their location needs. PNE provides real estate (land & building) op- tions, workforce and employee recruitment, financial incen- tives, and additional assistance as needed. n
● 175+ Single family Lots ● 125+ Townhouse & Duplex Lots ● Trailer park ● Large parcels ● Commercial land ● Medium Mfg
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