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Lower Bucks County industrial market remains hot with recent acquisition Cushman & Wakefield secures listing as result of Carson Companies eight-building acquisition B www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C RISTOL, PA — Com- mercial real estate ser- vices firm Cushman &
critical mass in a key market.” The new ownership subse- quently retained Cushman & Wakefield as exclusive leasing agent for the portfolio. Avail- able suites range in size from 5,000 s/f to 112,000 s/f. Jonas Skovdal is leading the assign- ment. “Lower Bucks County is a mature market and one of the strongest industrial submarkets in Southeastern Pennsylvania,” Skovdal said. “Keystone Industrial Park sits at the crossRd.s of the New Jersey and Pennsyl- vania Turnpikes, I-95 and Route 1, offering easy access to the Philadelphia and New York metropolitan population centers. As such, it is seeing a significant increase in de- mand from e-commerce users looking to solve their last-mile needs. Within this context, the Carson Companies port- folio is well positioned to benefit.” n
HI-LIGHTS December 9 - 22, 2016 “This portfolio sits in the heart of the most well-estab- lished industrial concentration in the Suburban Philadelphia marketplace,” said Cushman & Wakefield Pennsylvania industrial specialist Gerry Wakefield has orchestrated the transaction of an eight- building industrial portfolio in Bristol, Bucks County. Carson Companies acquired the assets, totaling 475,910 s/f and located within Keystone Industrial Park.
2578 Pearl Buck Rd.
creased occupancy,” Blinebury noted. “Over the past decade they have been institutionally owned and managed, resulting in well-maintained spaces for both existing tenants and the vacant suites. The irreplaceable location and strong regional demand for well-located infill industrial space presented an attractive opportunity for Carson Companies to establish
Blinebury , who brokered the transaction with Jeff Wil- liams and Robert Yoshimu- ra . “Its widely marketed offer- ing drew significant interest from a variety of investor pro- files – including local, national and international investors.” The properties include 2530 and 2578 Pearl Buck Rd.; 2524 and 2554 Ford Rd.; 160, 171 and 219 Rittenhouse Circle;
and 130 Wharton Rd. Rang- ing from 31,000 to 112,000 s/f, they collectively were approxi- mately 40 percent occupied at the time of the sale. Tenants included FedEx, Philadelphia Media Network, Vivint Solar and Autopart International, among others. “Together, the buildings offer both cash-flow stability and value-add upside through in-
SPO TLIGHT 5-9C Central PA
Capital Commercial RE Group’s Yangello arranges sale of Crozer Health Pavilion, Brinton Lake, medical building
Feinberg Real Estate Advisors represents BOAS Surgical in lease
GlenMills, PA — Capi- tal Commercial Real Estate Group (CCREG) announced
the sale of the fully leased, 1 6 , 5 8 7 s / f medical of- f i c e bu i l d - ing, Crozer Health Pavil- ion, Brinton Lake located in GlenMills.
3C Keystruct creates new casual dining area for Out Door Country Club
Christopher Yangello
Christopher Yangello , broker/president of CCREG represented the seller during the transition. “The sale of this medical building once again shows the desire for Investors to Capitalize in a growing expanding medical industry in the urban marketplaces,” according to Yangello. The Crozer Health Pavilion, Brinton Lake Medical Office Building sold for $4.85 million. The Crozer Health Pavilion, Medical Building is 29 miles from Center City, Philadel- phia, minutes from I-95, Rtes. 1, 202, 322 & Rte. 476. n
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Crozer Health Pavilion
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