S hopping C enters P ennsylvania
www.marej.com M id A tlantic Real Estate Journal — April 10 - 23, 2020 — 15A Cushman & Wakefield’s Harrisburg industrial team represents lessor in tenant leasing Kinsley Props. announces fully leased distribution center, next stage of industrial development Y ORK, PA — York-
strong for modern warehouse distribution properties. Newer and larger buildings incor- porate building features that create improved user efficien - cies, ” said Timothy Kinsley, President of Kinsley Proper- ties. “We are excited to get this facility fully leased and move into the next stage of development.” Kinsley Properties, a Mid- Atlantic leader in commercial real estate development, is planning to begin develop- ment of a second 175,000 s/f building this spring. Kinsley Construction Inc. will oversee construction of the industrial flex property, which is avail - able for light manufacturing and warehouse distribution. Cushman & Wakefield’s Harrisburg industrial team represented Kinsley Proper- ties in tenant leasing for the first building.
HI-LIGHTS APRIL 10 - 23, 2020 THE FLYNN COMPANY BROKER 5 BUILDING PORTFOLIO based Kinsley Prop- erties has finalized a lease deal for the Graham Packaging Company to fill the remaining square footage at a new distribution center off I-83 in York County. Occupying 374,254 s/f, Gra- hamPackaging joins Schindler Elevator Corporation in the building at 700 Canal Rd. in East Manchester Twp. The 780,000 s/f distribution center, completed in 2019, is part of the Orchard Business Park Phase II. “Tenant demand remains
700 Canal Rd.
Roddy Inc. completes sale of 281,000 s/f, four- building portfolio in Northeast Philadelphia
PHILADELPHIA, PA — NorthBridge Partners has acquired a 281,000 s/f, four-
BPG ANNOUNCES LIVE NATION ENTERTAINMENT VENUE 17A
b u i l d i n g portfolio on 27.29 acres, l ocat ed i n the Byberry E a s t a n d We s t Se c - tion of the Philadelphia Indus t r i a l
Frank Roddy
Park. The properties are lo- cated at 2722 CommerceWay, 2801-17 Southampton Rd., 2825-45 Southampton Rd., and 2191 Hornig Rd. The Philadelphia industrial portfolio is a highly functional assemblage of properties in the Northeast Philadelphia industrial submarket. The portfolio features many char- acteristics that are desirable for warehouses in the Phila- delphia region, including ample off-street car parking, extensive loading and conve- nient access to the I-95 cor- ridor, which provides direct connections to most of the
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Philadelphia Industrial Park portfolio was acquired for $25.5 mil- lion. At closing, the portfolio was 94% leased to twelve different tenants including United Natural Foods Inc., Goodman Distribution, the
City of Philadelphia, EIS, Inc. and Riley Sales. The team at Roddy Inc. will represent NorthBridge in the leasing of the Philadelphia industrial portfolio moving forward.
largest cities located along the east coast. Frank Roddy , president of Roddy Inc. and the sole broker in the transaction, advised that the portfolio
contact: Joe Christman jchristman@marejournal.com
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