Real Estate Journal — Shopping Centers — August 29 - September 11, 2014 — 25C
www.marejournal.com
M id A tlantic
S hopping C enters
2014 ABC Keystone Excellence in Construction Awards
Bellevue Holdings sells shopping center to MCB RE CBRE brokers sale of 235,508 s/f shopping center
& Excellence in Construction Safety Award (second year in a row!) 7 Awards of Excellence, Project of the Year
project of the year
Welcome medicine for the region’s retail centers... continued from page 8C have joined neighbors We- gmans Food Market, Dick’s Sporting Goods, Best Buy and more to deliver world-class healthcare and rehabilitation facilities to nearby residents in surrounding Montgomery and Berks County communities. Designed by Chianis + An- derson Architects and built by Target Building Construc- tion, the 20,000 s/f Einstein Healthcare/Moss Rehab facility features a wide range of ser- vices to treat the entire family, including integrative medicine and world-class rehabilitation facilities. According to Rich Good- man , Target Building Con- struction president, these proj- ects represent a paradigm shift for the retail and healthcare sectors alike. “Healthcare de- livery is evolving to outpatient services delivered in an envi- ronment that was previously restricted exclusively to retail stores of all kinds.” As health- care has become more consum- er-oriented, location, access, visibility and customer service are paramount. “The extensive experience of Target Building Construction in healthcare fa- cilities, combinedwith our retail building expertise, has resulted in the awarding of several new construction projects in the far suburbs of the Greater Phila- delphia area in recent weeks.” n Square Shopping Center in Bear, to MCB Real Estate . CBRE’s Kevin McClernon and George Schmitt repre- sented the seller, Bellevue Holdings , in the transaction. “CBRE was able to obtain an outstanding value on a dual anchored shopping cen- ter which was losing one of its anchors during the sale process. A truly outstanding feat considering the loss of cash stream from 40% of the occupied space,” said McCler- non, senior vice president in CBRE’s Wayne, PA office. Eden Square is a 235,508 s/f community center an- chored by Giant Food Store and Lowe’s Home Improve- ment. It is situated less than four miles from the I-95 corridor. n EAR, DE — CBRE, Inc . has brokered the sale of the Eden B
Photography: Lisa Bamford of Eurofins/Lancaster Laboratories, Don Pearse Photographers, Halkin|Mason Photography, Steve Wilson of Versa Flight
•Eurofins/Lancaster Laboratories Expansion (top left) •Georgelis Law Firm, P.C. New Office (top right) •Georgelis Law Firm, P.C. Woodwork •Manheim Pike Veterinary Hospital (bottom left) •West Chester University Student Housing (bottom center) •Westtown School Science Building Expansion (bottom right) •Kennett Area YMCA Expansion & Renovations
clients for life®
warfelcc.com
RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1 Eden Square Shopping Center
We’re looking for sites in PA End Cap, In-line, Free Standing Flexible Space Requirements Retail Opportunities Needed Consistently Ranked #1 Franchise - 45+ Y ear T rack Record
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Local Contacts:
Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com
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