Real Estate Journal — Pennsylvania — May 15 - 28, 2015 — 9A
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anheim, PA — NAI Commercial Partners, Inc. an- Pointer of Advanced Realty Services reps. buyer NAI Commercial Partners’ Thiry completes $1.065msale M
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nounces the sale of a 14,252 s/f industrial building located at 2705Mount Joy Rd. inMan- heim for $1.065 million. Jo hn Thiry, CCIM of NAI Commer- cial Partners, Inc. represented the seller, A&M Hardware, Inc. and Jim Pointer of Ad- vancedRealty Services and Consultants represented the buyer, Vigor Properties, LLC. NAI Commercial Partners, Inc. announced the sale of a 13,000 s/f industrial building located at 1077-1079 Commer- cial Ave. in East Petersburg for $750,000. Thiry represent- ed the seller, A&MHardware, Inc. and Thomas McDer- NGKF releases 1st quarter report Philadelphia, Pa . — Newmark Grubb Knight Frank (NGKF) has released its first quarter 2015 office reports for the greater Phila- delphia region. In downtown Philadelphia, occupancy grew, partly on the heels of outside tenants opting to relocate into the central business district. The most prominent of those leases signed was American Bible Society’s commitment to nearly 100,000 s/f at 401 Market St. This represents a move from an entirely different market as American Bible Society had been headquartered in NYC for nearly two centuries. Eisner- Amper and Hill International are also moving facilities into Philadelphia, making the move from the surrounding PA and NJ suburban locations. “Tenants are attracted to downtown locations for a num- ber of reasons,” noted Wayne Fisher, executive managing director. “Companies are po- sitioning themselves to take advantage of millennial labor pools that are increasingly growing in urban locations. Tenants also want to be closer to clients, vendors and trans- portation infrastructure which, more often than not, downtown Philadelphia provides.” In the suburban Philadelphia portion of the market, demand for class A office product con- tinues. Since the end of the last recession in mid-2009, class A occupancy grew by more than 1.6 million s/f while class B and C demand shrunk by more than 1.2 million s/f . n
2705 Mount Joy Rd.
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mott, CCIM of NAI Commer- cial Partners, Inc. represented the buyer, Sporty, LLC. NAI Commercial Partners, Inc. announced the sale of an 1,800 s/f office building located at 601 Estelle Dr. in
Lancaster for $225,000. Thiry represented the sellers, James, Craig and Matthew Heinly and Gregory Kile of NAI Commercial Partners, Inc. represented the buyer, Charles Investments, LLC. n
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