Mid Atlantic Real Estate Journal — February 24 - March 15, 2012 — 3
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M ID A TLANTIC R EAL E STATE J OURNAL CBRE represents landlord in 45,000 s/f lease Bergen & McGhee of Colliers Int’l. facilitate $6.125m sale B RISTOL, PA — Col- liers International’s Industrial Division an-
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nounced the sale of a manu- facturing facility formerly owned by Ferag. The 128,000 s/f property, located at 190 Rittenhouse Circle in the Key- stone Industrial Park was sold to Action Manufacturing for $6.125 million. Colliers International’s Lar- ry Bergen and Andy McGhee were the sole brokers in this transaction. In a seperate transaction Colliers announced the lease of 45,000 s/f at the Tri-County Business Campus located at 1000 Armand Hammer Blvd., Pottstown to Service Partners the owner of an intention to file where applicable, and then for filing, serving and prosecuting the lien claim in a timely fash- ion. Other important timing deadlines in the PA Lien Law still apply, and in this rocky development and construction environment potential claim- ants do find it is necessary to act on those rights sooner instead of later. The owner in
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190 Rittenhouse Circle
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of the Carolinas, a MASCO subsidiary. This long term lease will en- able MASCO’s popular insula- tion division, known as East Coast Insulation, to better serve its customer base along the Eastern seaboard. MAS- that case has filed a petition for allowance of appeal, but it is not clear whether the state Su- preme Court will review the de- cision. For owners, contractors, subcontractors and suppliers in Pennsylvania, the Bricklayers decision, as it currently stands, establishes that when debating whether a party who has other- wise complied with the techni- cal requirements of the Lien
CO companies include such renowned brands as Kohler, Kraftmaid and Behr Paints. Larry Bergen of Colliers represented MASCO in this lease transaction. CBRE rep- resented the landlord, BCW Associates. ■ Law is properly entitled to state a claim in the first place, the scales of justice should tip in favor of allowing the aggrieved contractor, subcontractor or supplier’s claim to proceed. Robert R. Watson, Jr. has practiced in the field of construction law since 1999. He is an attorney with East- burn and Gray, PC in its Blue Bell, PA office. ■
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