4A — August 26 - September 15, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal At 1380 S. Pennsylvania Ave. in Morrisville NAI Mertz team inks sale of 16,700 s/f flex building
M ORRISVILLE, PA — NAI Mertz an- nounced the sale of a 16,700 s/f office and industrial building sale at 1380 S. Penn- sylvania Ave. in Morrisville. Representing both the seller, Michael Fardella, and the buy- er, MJLS Holdings, LLC, was the NAI Mertz team of Zena Charokopos , vice president- office division, Jeffrey Licht, SIOR , senior vice president and Adam Lashner, SIOR , vice president. The buyer of the property is an electrical contractor that was looking to expand from its
previous facility. “This transac- tion created the perfect scenar- io for the buyer—providing the additional space it required for its growing business in an ideal location to serve their clients,” stated Charokopos. Located in Falls Twp., 1380 S. Pennsylvania Ave. is a two- story fully air-conditioned building with four office suites ranging from 2,300 to 2,625 s/f, including kitchen areas and a conference room. The 6,948 s/f industrial area is divided into two spaces—one unit includes two office areas and the second unit features a 1,100 s/f mez-
zanine area. The building also features a video surveillance system and a 130-KW back-up generator. Strategically located in Bucks County, the building is in close proximity to U.S. Route 1 and I-95 offering easy access to New Jersey. “We are pleased to have rep- resented both parties in meet- ing their business goals,” added Lashner. “Morrisville is a great location offering convenience to major highways, as well as a myriad of housing, retail and entertainment options.” n Feinberg Real Estate Advisors represents Peoples Security Bank & Trust ALLENTOWN, PA — Fein- berg Real Estate Advisors, LLC represented Peoples Se- curity Bank and Trust on the purchase of 2151 Emrick Blvd., a 25,000 s/f office building located in Bethlehem Twp. Peoples plans to develop the property as a regional center for retail and business banking and plans to occupy the first floor of the prop- erty by the end of 2016. CindyMcDonnell Feinberg of Feinberg Real Estate Advisors represented the buyer, Peoples Security Bank and Trust and Ron Eichenberg with The Frederick Group represented the seller, Shaleen, LLC. The property sold for $3.55 million. “We’re excited to be in a grow- ing area of the Lehigh Valley,” said Neal Koplin, Lehigh Valley Region president for Peoples Security Bank and Trust. “The area around Rte. 33 has seen sig- nificant growth in commercial, retail and residential develop- ments, and provides great access for our planned banking center for businesses and consumers.” “It was a pleasure to find a great location for a regional banking center for Peoples Security Bank and Trust.” said Feinberg. “We searched the Lehigh Valley market and found a perfect comple- ment to Peoples Security Bank and Trust location on Airport Road.” “Cindy’s professionalism and knowledge has been great- ly appreciated by the Peoples’ executive and facilities team,” said Koplin. “She’s been our commercial real estate broker from the beginning and we look forward to working with her on future projects.” n
1380 S. Pennsylvania Ave.
Captains of Industrial. NAI Mertz has been an industry leader in industrial and commercial real estate on both sides of the Delaware River and beyond for over 35 years. Contact our team of specialists today to find out how we can help you achieve your strategic commercial real estate goals.
naimertz.com Mount Laurel, NJ +1 856 234 9600 Philadelphia, PA +1 215 221 1100 Southampton, PA +1 215 396 2900 Wilkes-Barre, PA +1 570 820 7700
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