Real Estate Journal — February 27 - March 12, 2015 — 19A


M id A tlantic

M id A tlantic R eal E state J ournal

NGKF represents PSU in a 11,000 s/f HQ lease in PA

Property to be sold at or above $350,000 CBRE Auction announces 49 acre online auction

of the property which is under- going LEEDPlatinum certifica- tion. The Penn State Center will be among the first entities to occupy the EIC with additional higher education institutions scheduled to join PSU. NGKF’s Tom MacDonald , senior managing director, rep- resented PSU in the search for its new location. “Adjacent to the soon-to-be- redeveloped, 28-acre former Civic Arena site, the Energy Innovation Center’s mission is to promote energy-sector research and innovation while creating direct bridges to job creation, entrepreneurship and urban economic revital- ization,” said NGKF’s Mac- Donald. n

PITTSBURGH, PA — New- mark Grubb Knight Frank (NGKF) represented Pennsyl- vania State University (PSU) in the new location of the Penn State Center and Exchange to the historic Hill District neighborhood of Pittsburgh. PSU has signed an 11,000 s/f lease at the Energy Innovation Center (EIC), located at 1435 Bedford Ave. The 185,000 s/f EIC was con- structed in 1930 and formerly served as the Connelly Trade School. The Penn State Center and Exchange, whichwill house community outreach initiatives, engaged scholarship and ap- plied research for PSU. With a projected April 2015 occupancy, PSU will assume the first floor

ROYDON, PA — CBRE Auction Ser- vices announced that a land site in Croydon, PA totaling approximately 49 acres will be sold at online auction. The property is locat- ed in Bucks County at 2301 Bristol Pike, Croydon. The online auction will be held on Wednesday, March 18, 2015. The property will be sold at or above $350,000, according to Douglas Johnson , manag- ing director of CBRE Auction Services. “This is a unique invest- ment opportunity with conve- nient access to the Philadel- phia, Trenton and Burlington markets and workforce.” said Johnson. “This excellent development or investment opportunity is positioned in an area home to residential, multi-housing, industrial, restaurants and recreational activities.” Neshaminy State Park, a 339-acre park with boat- ing access to the Delaware River is located just two miles south of the property. The area directly surrounding the property to the north and west is residential in nature, C TPD ranked on Top Engineering Firm list

February 25th and March 4th by appointment only. CBRE representatives will be available to answer ques- tions about the auction pro- cess, procedures, as well as the property. Detailed property information will also be available for review including the purchase and sale agreement. For this, and other information about the auction, including the terms and conditions of the auction and a brochure, prospective bidders should visit www. cbre.com/auctionservices, or call CBRE Auction Services at 800-815- 1038. n

comprising mostly of older modest and lower income single family homes. “The estate has decided the best way to liquidate this as- set is through the auction pro- cess and have demonstrated their commitment to the sale with the low minimum bid they have established,” said Patrick Connell , manag- ing director, CBRE Auction Services. The online auction will be held on March 18, 2015. An initial earnest money deposit of $25,000 is required in or- der to participate. Property inspections will be held on


10 New Jersey Statewide Opportunities 16,000± SF Retail Building with High Exposure on Route 73 • 2817 & 2819 Route 73S, Maple Shade, NJ 3,906± SF Former Medical Office with 2nd Floor Apartment • 2138 Bus. Route 1 (Brunswick Pike), Lawrenceville, NJ • Minimum Bid $100,000 2-Story 3,750± SF Former Firehouse with 3 Overhead Drive-In Doors • 10 Rennie Street, Hamilton, NJ • Minimum Bid $90,000 15 One Acre Improved Lots Finish this Development! • Neil Court & Kristine Court, Alloway Twp, NJ • Minimum Bid $90,000 Builder Spec Home in Cobbs Mill Estates • 18 Kristine Court, Alloway Twp, NJ • Minimum Bid $100,000

Former Gym/School Building on .57± Acres • 202 Naples Avenue, Egg Harbor Twp, NJ

PHILADELPHIA, PA — We’re steadily making the climb! Traffic Planning and Design, Inc. (TPD) is pleased to announce we have been ranked the #20 firm on the 2015 Philadelphia Business Journal ’s Top 25 Engineering Firms list based on 2014 fiscal year gross bill- ings. TPD first made PBJ’s list in 2000 and is proud to have been consistently ranked over the years, jumping up three spots from last year. Since 1989, TPD has provided top notch transportation en- gineering services for public and private sector clients across the Greater Philadel- phia area and beyond. n

• By Order of Egg Harbor Township Board of Education 2.43± Acre Pad Site Adjacent to Ocean County Mall • 648 Bay Avenue, Toms River, NJ • Minimum Bid $100,000

By Order of Passaic County • Single Family Home 151 & 153 New St. Paterson • 3,175± Sq Ft Office Bldg 296 Church St. Wayne Retail Building with High Exposure at the Confluence of Routes 70, 88 & Princeton Ave • 1 Princeton Ave, Brick, NJ

888.299.1438 / maxspann.com

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