P ennsylvania
S hopping C enters
Williams of Cushman & Wakefield represented the buyer The Bill Gladstone Group of NAI CIR represents the seller of a 83,544 s/f warehouse C www.marejournal.com M id A tlantic Real Estate Journal — Pennsylvania — Section C arlisle, PA — 6 Pine Hill Drive, LLC purchased a 83,544 s/f
HI-LIGHTS October 14 - 27, 2016 Global Auto Collision, LLC leased 3,400 s/f of warehouse space at 3525 N. 6th St. in Harrisburg from Shree Group LLC. The Bill Gladstone Group of NAI CIR handled the trans- action. I-Deal Cars LLC, an automo- warehouse located at 6 Pine Hill Dr. in Carlisle. Jeffrey Williams of Cushman & Wakefield represented the buyer. The Bill Gladstone Group of NAI CIR repre- sented the seller.
Hamilton Crossings
bile repair workshop, leased 3,300 s/f of warehouse space located at 3525 N. 6th St. in Harrisburg from Shree Group
LLC. The Bill Gladstone Group of NAI CIR handled the trans- action. Integrated Agriculture Sys-
tems LLC leased 3,300 s/f of warehouse space from Shree Group LLC. The space is lo- cated at 3525 N. 6th St. in Har-
risburg and will be used for an aquaponic greenhouse. The Bill Gladstone Group of NAI CIR handled the transaction. n
HFF closes sale of and secures financing for 2 multi-housing properties inMontgomery County
Southeastern PA
SPOTLIGHT 5-13C
Norristown, PA — Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of and secured financing for Riverstone East and West Apartments and Hunter’s Run Apartments, two multi- housing properties totaling 83 units in Norristown. HFF marketed the assets on behalf of two separate sellers to RRG Norristown Apart- ments LLC, an affiliate of Jenkintown-based RRG Man- agement LLC. Riverstone East and West Apartments was marketed on behalf of a local private investor, and Hunter’s Run Apartments was mar- keted on behalf of Concordia Properties. In addition, HFF’s debt placement team worked on behalf of the new owner to secure a seven-year, fixed-rate loan through a regional bank for the acquisition of both properties. Hunter’s Run Apartments (Hunter’s Run) is located at 1151 West Sterigere in Mont- gomery County less than five miles from the PlymouthMeet- ing Mall and King of Prussia Mall. The property provides access to all major employ-
Gacek Design Group gets resultswith experiential design
16C
ALSO INside
Riverstone East and West Apartments
Hunter’s Run Apartments
ment centers in Pennsylvania via major roadways, including I-476, 276 and 76 and Rte. 202 and the Norristown Elm St. Southeastern Pennsylvania Transit Authority (SEPTA) train station. The property has 39 one- and two-bedroom units, which are 97 percent occupied. Riverstone East and West Apartments encompasses two
adjacent buildings totaling 44 one- and two-bedroom units averaging 864 s/f each, and is one block south of Hunter’s Run. Riverstone East is lo- cated at 1015 West Beech St. and Riverstone West is located at 920 Buttonwood St. The HFF investment sales team representing the seller was led by associate director Carl Fiebig and senior man-
aging director Mark Thom- son . HFF’s debt placement team was led by managing director James Conley and associate director N eil Campbell . “The demand for value- add apartments in suburban Philadelphia remains robust,” said Fiebig. “Our team was able to procure an eclectic mix of local and regional buyers to
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