S hopping C enters
Real Estate Journal — Pennsylvania — Section C
M id A tlantic
The lease has a total value of over $61 million John Buccinno & Bryan Cole of NAI Keystone complete 146,324 s/f lease at former VF Outlet W yomissing, PA — NAI Keystone’s John Buccinno
and Bryan Cole have exe- cuted the lease of a 146,324 s/f office space lease on 15 acres at the former VF Outlet in Wyomissing. The lease which has a total value of over $61 million was finalized the end of last year. There is 19 acres of land remaining for build-to-suit of- fice or flex space opportunities from 10,000 s/f up to 100,000 s/f. NAI Keystone provides lo-
Lower Moreland Twp., PA — Roddy Inc. , the Bensalembased industrial and commercial real estate brokerage firm represented Rhoads Industries, Inc. in the sale of their 84,132 s/f building plus 8,403 s/f satellite building situated on 7.0 acres located at 2375-79 Philmont Ave., Huntingdon Valley. The property was sold to Premier A-2 Huntingdon Val- ley PA LLC, who plans to develop the property as an ExtraSpace Storage location. ExtraSpace Storage is the second largest operator of self-storage facilities in the U.S. and owns or operates John Buccinno and Bryan Cole cal and global brokerage ser- vices for the acquisition, site selection, sale and leasing of commercial property. We specialize in office buildings, warehouses, distribution cen- ters, manufacturing plants, land, investment property and retail.
Former VF Outlet in Wyomissing
Olender of Roddy sells 84,132 s/f building in Huntingdon Valley, Lower Moreland Twp.
HI-LIGHTS May 11 - 24, 2018
7-13C SPO TLIGHT Central PA
2375-79 Philmont Ave., Huntingdon Valley
over 1,400 stores in 38 states. The property is an excellent fit for Premier due to its high ceiling heights and excellent visibility, as well as the low supply of existing self-storage units in the area. In a separate transaction,
Roddy Inc. represented Glass Enterprises, Inc. in leasing 18,700 s/f within the 30,000 s/f modern one story flex build- ing located at 2850 Veterans Hwy., Bristol. Glass Enterprises, Inc. is a high quality glass fabricator of
insulated and tempered glass, precision edgework and many other glazing products as well as being a full service flat glass distributor. The compa- ny will occupy the space for a state-of-the-art architectural glass laminating facility.
Oxford, Green Development, and PHFA break ground on new senior living apartment complex
Mt. Lebanon, PA — Ox- ford Development Compa- ny, GreenDevelopment, and
land Ave., Mt. Lebanon, at the intersection of McNeilly Rd. and Midland Ave. Opening is anticipated for February 2019. The units are reserved for se- nior citizens age 62 and older. A market study of the area found a shortage of affordable, age restricted housing options. “The project allows current residents of Mt. Lebanon, Brookline, and other South Hills communities to downsize to smaller, more affordable housing while staying in their community near family and
friends,” said Steve Guy , president and CEO, Oxford Development Company. The project utilizes an $11 million Low Income Housing Tax Credit through the Penn- sylvania Housing Finance Agency (PHFA). Apartments are income restricted for indi- viduals or couples making less than 60% of the area median income. Dorchester of Mt. Lebanon will include a first floor com- munity room, lounge area and outdoor deck overlooking the
site. The second floor has a common wellness area and common area on the third floor is open for passive creation such as crafts and games. A garden area with raised garden-beds provides areas for the residents to grow food and flowers. The residence will also host a supportive services program focusing on healthy lifestyle maintenance for seniors. Dorchester of Mt. Lebanon is designed to Passive House certification standards.
the Allegh- eny County H o u s i n g Author i ty broke ground on Dorches- t e r o f Mt . L e b a n o n , a 6 0 - u n i t a p a r tme n t
Upcoming Spotlights INDUSTRIAL/DISTRIBUTION CENTERS Pennsylvania’s Projects & Building Services contact: Miriam Buttrick firstname.lastname@example.org
community in the Mt. Leba- non neighborhood of Allegheny County. Located at 2903 Mid-
Made with FlippingBook Annual report