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16C — September 25 - October 15, 2015 — Fall Preview — M id A tlantic
Real Estate Journal
I ndustrial R eal E state
By Sidney Gable, CRE, SIOR, Sidney E. Gable Associates, Inc. The 2015-2016 industrial real estate market in the Philadelphia area
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manufacturing of consumer items has decreased.However, a substantial increase has been seen in the technology field. The city has many large colleges with technology pro- grams that will attract com- panies interested in locating in our area. The Philadelphia Naval Yard has recently com- pleted a large transaction with an out of town tech firm. The smaller tech companies are also seeking facilities. For the first time ever, in January of 2015 we listed and sold a property in five days. This has never happened to
me in the 50 years of my ca- reer. The property was small (17,000 s/f) in a good loca- tion with 1.7 acres of ground. Industrial properties with ground are very difficult to obtain inside the Philadelphia boundaries. We currently are witness- ing an increase in companies looking for space. The problem is there is a shortage of space available. I spoke to several industrial R.E. brokers who confirmed this fact. The devel- opers and owners of industrial property will soon be building new facilities. Companies will
expand their geographical boundaries in their search for new facilities. Current interest rates on industrial loans are very at- tractive at this time which
encourages continued growth. As always, the tide will turn and the future will be good. Sidney Gable, CRE, SIOR is president of Sidney E. Gable Associates, Inc. n
n the past few years the Industrial R.E. market has been very weak with very
few transac- tions in the city or Phila and its sub- urbs. Most of the transac- tions have been lease extensions. I have lived
Sidney Gable represents Cozza Realty in 26,000 s/f lease in Philadelphia, PA
Sidney Gable
through 50 years of industrial R.E. activity and I know that this market will change for the better. Overall the in- dustry has changed and the
FOR SALE/LEASE 17,500 s/f Warehouse/Office Space
3527 N. 9th St. Philadelphia, PA
Total Area: 17,500 s/f (14,300 s/f First Floor + 3,200 s/f Second Floor) Description: One and Two Story Building (with several interconnecting buildings) Zoning: Industrial Ceiling Height: 20 ft. First Floor, 12 ft. Second Floor Features: Concrete Floors - Air Conditioned Showroom - Loading Facilities with 3 Drive-in Doors and Conveyor to Second Floor - New Oil Heating System - Heavy Power Electrical with New Transformer - Good Location (South of Rising Sun Ave.) For Additional Information and Inspection: Call Steven Gable/Sidney E. Gable Associates at 610-272-6400
4343 Whitaker Ave.; Philadelphia, PA
PHILADELPHIA, PA — Sidney Gable, CRE, SIOR of Sidney E. Gable Associates, Inc. , repre- senting the owner, Cozza Realty , completed the leas- ing of 26,000 s/f at 4343 Whitaker Ave., Philadel- phia to B & A Refrigera- tion Corp. The lease terms, NNN, began Sept. 1, 2015 for a period of five years, ending August 31, 2020. The total value of the lease is $360,000. The buyer was represented by Basilio Morel/ReMax. Sidney E. Gable Associ- ates, Inc. is a real estate agency specializing in in- dustrial and commercial real estate. They are lo- cated at 411 Feheley Dr. in King of Prussia, PA. n
S idney e. G able a SSociateS , i nc . I ndus t r i a l & Comme r c i a l Rea l Es t a t e
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