26A — February 12 - 25, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Bennett Williams inks 43,903 s/f/144 AC of sales and leases
92 units in Bristol, PA trade for the first time Kislak inks $6.55m sale of Croyden Station Apartments B
cakes Harrisburg Venture, LLC. Stine and Rohrbaugh represented the tenant and Gary Russell of Bennett Wil- liams represented the landlord. 1,320 s/f retail space at Hartzdale Plaza, 3300 Hartz- dale Dr., Lower Allen Town- ship, Cumberland County. iCell Repair leased the prop- erty from KosKap Partners. Justin Willits of Bennett Wil- liams represented the tenant while Stine and Rohrbaugh of represented the landlord. 1,229 s/f retail space at Do- negal Square, 2256 Huber Dr., Rapho Township, Lan- caster County. Tuan Tran dba Creative Nails leased the property fromMt Joy Partners, LP. Stine, Rohrbaugh and A be Khan of Bennett Williams rep- resented both parties. 950 s/f retail space at 191 Ridgeview Rd. S., Mt Joy Township, Lancaster County. Udder Bliss Creamery leased the property from Sweigart Partnership. Neiderer repre- sented the tenant and Stine, Rohrbaugh and Khan repre- sented the landlord. 1,100 s/f retail space at Vil- lage Green Shopping Center, 2300 E. Market St., Springetts- bury Township, York County. Chartwell Staffing Services, Inc. leased the property from 2300 East Market Street, LP. Stine, Rohrbaugh and Khan represented the tenant and Stine and Rohrbaugh repre- sented the landlord. 14,456 s/f industrial build- ing sold at 1150 Greenwood Rd., West Manchester Town- ship, York County. CAS York Associates, LP purchased the property from J. Thomas and Jana J. Zech. Denny Neiman of Bennett Williams repre- sented the buyer and Behler represented the seller.
YORK, PA — Bennett Wil- liams Cmmercial has ar- ranged the sale/lease of the following transaction: 1,200 s/f retail space at Fox- shire Plaza, 1921 Fruitville Pike, Manheim Township, Lancaster County. We File Inc. dba Liberty Tax Service leased the property from Foxshire, LLP. TomTroccoli of Bennett Williams represented both the tenant and the landlord. 11,000 s/f industrial space at 828 E. Earl Rd., Earl Town- ship, Lancaster County. Craig Serra dba Total Racing Com- ponents subleased the property from York Building Products Co, Inc. Jeff Herr of Bennett Williams represented both the tenant and the landlord. 6,100 s/f industrial space at 303 Willow St., East Earl Township, Lancaster County. Metropolitan Fire Protection, Inc. leased the property from Richard Grimes. Jeff Herr rep- resented both parties. 3,000 s/f industrial space at 75 Acco Dr., York Township, York County, PA. mk Solu- tions, Inc. leased the property from Acco Properties, LP. Bob Behler of Bennett Williams represented the landlord. 2,000 s/f retail space at Gate- way Hanover Shopping Cen- ter, 1301 Carlisle St., Penn Township, York County. Triple D Restaurant dba Dickey’s Barbeque leased the property from Conewago North Ridge Partners, LP. Karen Nei- derer , Chad Stine and Brad Rohrbaugh of Bennett Wil- liams represented the tenant. 5,240 s/f retail space at Vil- lage Green Shopping Center, 2300 E. Market St., Sprin- gettsbury Township, York County. Smiles Art pc leased the property from 2300 East Market Street, LP. Stine and Rohrbaugh represented the landlord. 1,798 s/f retail space at 4000 Union Deposit Rd., Lower Paxton Township, Dauphin County. Spring Communica- tion Holdings, Inc. dba AT&T leased the property from Hot- N E W Y O R K , N Y — Faithful+Gould announced MaryJo Cestone has joined the firm as manager of its Workplace Solutions team. MaryJo will lead a team of workplace strategists and as- set management consultants who help clients assess their real estate needs and develop plans for more efficient, col- laborative workplaces. She will develop workplace strategies and solutions.
RISTOL, PA — The Kislak Company, Inc. announced the recent sale Croyden Station Apartments, a 92-unit apart- ment complex in Bristol, Pennsylvania, for $6.55 mil- lion. The sale marked the first time the property had been on the market since it was built in 1968. Kislak marketed the prop- erty on an exclusive basis. Sales associate Justin Lupo and vice president Barry Waisbrod represented both parties in the transaction. “Justin and Barry did an incredible job bringing this property to market in a com- petitive environment and quickly procuring a purchas- er.” said Robert Holland , president. “I commend them on their well-earned success.” “The sale of Croydon Sta- tion Apartments provided an opportunity to acquire a highly desirable asset in Bucks County,” said Lupo. “The transaction reflects the continued strong demand among investors for apart- ments, even as interest rates began to rise. Given the
Croyden Station Apartments
strength of the market, we obtained an aggressive price for the property, which was approximately 95% occupied at closing.” “The purchaser was eager to acquire such a strong prop- erty from a long term owner,” said Waisbrod. All units at Croyden Station offer spacious floor plans, eat- in kitchens, and very large walk-in closets. Prior to the sale, the owner had upgraded select units with new kitchens and bathrooms. New hot wa- ter heaters were also installed throughout the property. The property is located along Bristol Pike (U.S. 13) directly across from the Croy- building in Upper Moreland Township. The property will developed as a new multi- family project of 246 units, with recreational amenities and public improvements. The approvals were ob- tained on behalf of The Buc- cini Pollin Group , a private- ly-held, full-service real estate acquisition, development and management company with offices in Washington, DC, Wilmington, DE, Philadel- phia, PA, and Baltimore, MD. Formed in 1993, Buccini/ Pollin develops and acquires hotel, office, residential, re- tail, and parking properties
don Station SEPTA Line. The station is served by the Tren- ton Line, which provides ac- cess to and fromPhiladelphia; Trenton, NJ; and NJ Transit to New York City. The prop- erty also offers easy access to the Delaware Expressway and Pennsylvania Turnpike. Justin Lupo joined Kislak in 2014 and was the recipient of the company’s 2015 Rookie of the Year award. Barry Waisbrod joined Kis- lak in 2001, is consistently among the company’s lead- ing salespeople and was the recipient of the company’s 2013 and 2015 Sima Kislak Jelin Salesperson of the Year award. n throughout the United States. Stein has over thirty years of experience representing developers and builders in Pennsylvania and New Jer- sey. In addition to being an Adjunct Professor of Law at the Temple University Beasley School of Law, his peers have recognized him as a Pennsylvania “Super Law- yer” and as a “Best Lawyer in America.” Stein also serves on the Legal Action Committee of the National Association of Homebuilders and is Chair of the Political Action Commit- tee of the Bucks-Montgomery Homebuilders Association. n
Neil Stein, Esq. obtains zoning change and land development approvals for adaptive reuse of vacant industrial property
WILLOW GROVE, PA —Working closely with the elected and appointed officials
of Upper Mo- reland Town- s h i p , a n d with Brian C o n l o n , P.E. of Lan- gan Engi - neering and Seth Shap- iro, AIA of
144 acres land sold at 6731 Lineboro Rd., Manheim Town- ship, York County. John & Annie Esh purchased the prop- erty from William and Debra McGrew. Brian Parrish of Bennett Williams represented the seller. n MaryJo Cestone joins Faithful+Gould
Neil Stein
Barton & Partners , Neil Andrew Stein , Esquire ob- tained a change of zoning and land development approval to permit adaptive reuse of a 100,000 s/f vacant industrial
Capital Commercial Real Estate Group arranges $1.525 sale UPPERUWCHLANTOWN- SHIP, PA — Capital Com- mercial Real Estate Group arranged the sale of 45 Senn Dr.., a 14,800 s/f flex building located on 2.7 acres in Eagle In- dustrial Park in Upper Uwchlan Township, for $1.525 million. Marco DiPrinzio of Capital Commercial represented the seller Eagle Innovation Group, LP. The property was built in 2000 and is equipped with solar panels and geothermal HVAC. n
MaryJo has over 20 years of experience in facilities plan- ning and design, with a focus on workplace strategies and the office environment. Previ- ously, she was director of work- place experience for Johnson & Johnson. Her background also includes ownership of a private interior design firm and experience as manager of facilities planning and design at Pfizer, Pharmacia and Honeywell International. n
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