Mid Atlantic Real Estate Journal — Pennsylvania — April 13 - 26, 2012 — 7B
www.marejournal.com
E ASTERN PA
Crampsie reps owner Whitehall Riverside LP in two lease renewals Crampsie of NAI Summit leases over 40,000 s/f of warehouse space
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HITEHALL, PA —John Crampsie, principal at NAI
New York, and Maryland. In the second transaction, Crampsie represented the building owner, Whitehall Riverside LP, in a lease renewal for 27,159 s/f of warehouse space. The ten- ant, International Granite and Marble Corporation (IGM), originated in Vienna, Austria over 100 years ago and now has seven U.S. loca- tions. IGM provides services to builders, architects, and consumers. NAI Summit is the Greater Lehigh Valley’s only full-ser- vice commercial/industrial real estate firm servicing Eastern Pennsylvania. ■
Summit, recently negotiated two lease transactions at Riverside Business Center (1139 Lehigh Avenue) in Whitehall, totaling over 40,000 s/f. In the first transaction, Crampsie represented the building owner, Whitehall Riverside LP, in a lease renewal for 14,480 s/f of warehouse space. The ten- ant, Boscov’s Department Store LLC, is an East Coast department store company with locations in Pennsylva- nia, Delaware, New Jersey, Young of Beacon reps 29,000 s/f lease KING OF PRUSSIA, PA – Taylor Young of Beacon Com- mercial Real Estate, LLC an- nounced that he has represent- ed TheoremClinical Research, Inc, in their negotiations of a long-term lease for their new corporate headquarters at Valley Forge Park Place, 1016 W Ninth St., King of Prussia. They will initially occupy ap- prox 29,000 s/f on the first and third floors of the 78,000 s/f office building. Theorem Clinical Research is one of the industry’s leading full-service, contract research organizations (CRO). “We were really able to help leverage our client and capital- ize off a recovering office mar- ket that is still offering many concessions for sought after companies like Theorem,” commented Young. “Presently, their existing of- fice is very compartmentalized. Their new office will promote an open office environment that will foster collaboration and at the same time provide room for much anticipated growth. Theoremwill move into their new offices on August 1, 2012. They will be moving from their current location at 630 Allen- dale Rd., King of Prussia. JimDuganandElaineBatta- glia of Grubb Ellis represented the Landlord, an affiliate of Keystone Property Group. ■ 1016 W. Ninth Street
Riverside Business Center
Allentown, PA
West Deptford, NJ
Chester, PA
Exeter, PA
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