C — June 14 - 27, 2013 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
P ennsylvania
Over 42,000 s/f signed in two leases CBRE represents Allegheny Center Associates in leases Children’s
Representing buyer in 5,448 s/f in York sale ROCK Comm’l. Real Estate orchestrates 15,371 s/f in S&Ls Pittsburgh, PA — Al-
Museum of Pittsburgh, re- sulting in the beautiful new Buhl Community Park. The 1.2 million square foot Allegheny Center office complex offers up to 400,000 s/f of office space located above one of the larg- est indoor parking facilities in the city. Allegheny Center is also one of the Port Authority’s main stops within the City of Pittsburgh. Jeremy Kronman , execu- tive vice president of CBRE who represented Allegheny Center Associates in the leases, commented, “This property has everything office tenants ask us for daily: affordable covered parking, great highway and public transportation access, the best and most comprehen- sive data/telco and electrical infrastructure in southwestern PA, fabulous views, modern floor plates and lots of efficient space. When the renovations are complete this property will be even more competitive.” Andrew Miller of CBRE added, “NSABP and Expedient were smart to sign long-term leases at this project now, given the upcoming improvements and value that will be associ- ated with the renovations when complete.” n
legheny Center Associates has signed two new long-term leases totaling over 42,000 s/f. Additionally, Allegheny Center Associates is nearing comple- tion of the structural renova- tion phase to the Allegheny Center Plaza. NSABP Foundation, Inc., has leased over 31,000 s/f in Two Allegheny Center to house its national headquarters. NSABP will be relocating to TwoAllegh- eny Center in late 2013. Continental Broadband, LLC (Expedient) has also signed a lease for over 11,000 s/f for its consolidated regional head- quarters at OneAllegheny Cen- ter. Continental Broadband’s lease represents a long-term expansion and extension of their commitment to the prop- erty that also houses their main data center in the region. The ownership of Allegheny Center began a major renova- tion of the Allegheny Center Plaza in 2011. With the struc- tural phase of the renovations nearing completion, work on the aesthetic phase of the proj- ect is expected to commence at year end. A total renovation of the adjacent Allegheny Public Square was completed last year under the stewardship of the
ENTRAL PA — ROCK Commercial Real Es- tate sold 14,255 s/f of Micron Inspection & Calibra- tion Service bought a 5,448 s/f free standing building at 2870 Haymeadow Dr. in York, which will be used as office space. ROCK Commercial Real Estate, LLC represented the buyer in this transaction. C Philadelphia, PA — Newmark Grubb Knight Frank (NGKF) announced that it represented University Place Associates, LLC in its lease with U.S. Facilities, Inc. for 15,000 s/f at 2.0 University Place. The national facilities management and infrastruc- ture support organization will relocate its corporate headquar- ters to the newly constructed LEED Platinum office building this fall. Located at 30 N. 41st St. in one of Philadelphia’s Keystone Opportunity Zones, the five- story, 96,916 s/f property is scheduled for completion by Sept. 1, 2013. Senior managing directors Jack Soloff, Jr. , and Craig Scheuerle , and director Matthew Guerrieri are the property’s leasing representa- tives. commercial real estae and 1,116 s/f of leased space inAdams and York Counties. SETTLEMENTS
VonStein Construction Ser- vices, LLC bought a 4,712 s/f warehouse at 101 High St. in York Springs. ROCK Commer- cial Real Estate, LLC repre- sented both the seller and the buyer in this transaction. JPM&Associates LLCbought a 4,095 s/f professional office at 55 South Richland Ave. in York. ROCK Commercial Real Estate, LLC represented both the seller and the buyer in this transaction. LEASES U. S. Facilities, Inc. chief ex- ecutive officer JimDombrowski said, “We are thrilled to move into the first office building in Center City or University City to achieve LEED Platinum pre- certification. Selecting a head- quarters location with state-of- the-art sustainability features throughout is a statement to the Philadelphia community and our industry nationwide about our values. Additionally, we will be working with the developer, University Place Associates, to achieve a LEED Platinum designation for our offices.” The property’s sustainable features include storm water management through an exten- sive modular green roof system composed of soil media and drought-tolerant vegetation; wind and solar-generated en-
Shiloh Homecare Corporation leased 702 s/f of office space at 140 East Market St. in York. ROCK Commercial Real Es- tate, LLC represented both the landlord and the tenant in this transaction. Robert Curry Jr. and Jill Cur- ry leased 414 s/f of office space at Hillside Medical Center at 250 Fame Ave.in Hanover in Penn Township. ROCK Commercial Real Estate, LLC represented both the landlord and the ten- ant in this transaction. n ergy in common areas; efficient heating and cooling systems that reduce both internal air pollution and tenants’ energy costs by approximately 50 percent when compared to a same-size, non-green building; a rooftop garden that improves air quality, conserves energy and reduces storm-water run- off; strategically placed shading devices to reduce solar gain during the summer months while allowing heat gain during the winter; and secure bicycle parking. 2.0 University Place is one block from the El at 40th and Market streets, which con- nects commuters to the 30th Street station in less than five minutes. Approximately 20,000 s/f re- mains available for lease in the building’s fifth and top floor. n
Newmark Grubb Knight Frank leases 15,000 s/f at LEED Platinum 2.0 University Place
Colliers International | Pittsburgh represents Provident Funding as tenant
Kelly Berfield and Ryan Dietrick of Dietrick Group negotiates 8,584 s/f in two lease transactions in PA
875 Greentree Rd.
PITTSBURGH, PA — Col- liers International | Pitts- burgh is proud to announce Provident Funding will be consolidating its Noblestown Rd. and Eleven Parkway Cen- ter offices in Greentree to a new 15,516 s/f office space in Greentree, located at Seven Parkway Center, 875 Green- tree Rd. in the Parkway West Corridor, to accommodate their growing organization. Patrick Sentner , found- ing principal, and Edward Lawrence, vice president of office brokerage at Colliers International | Pittsburgh, were engaged as the tenant representatives to Provident
Funding, securing the 15,516 s/f office lease. Frank Gustine, Jr. , Man- aging principal of FWG Real Estate represented the land- lord in this transaction. “The relocation to a larger space at Seven Parkway Cen- ter reflects Provident Fund- ing’s growing presence, not only in the Western Pennsyl- vania market, but throughout other parts of the country,” said Sentner. “The new loca- tion will serve to support seven separate divisions of Provident Funding and pro- vide for potential expansion needs in both the short and long term.” n
623-628 Linden Street
5100 W. Tilghman St.
Bethlehem, PA —Kelly L. Berfield, of Dietrick Group, represented the tenant in leas- ing +/-7,456 s/f of office space in at 623-628 Linden Street, Bethlehem. The new tenant, Applied Motion Technologies,
space in Allentown’s Com- merce Corporate Center, situ- ated at 5100 W. Tilghman St. The new tenant, PeopleShare is a staffing agency with offices in Pennsylvania, New Jersey and Delaware. n
Inc. is a source for high-quality fluid-power training through- out North America. Ryan Dietrick, of Dietrick Group, represented both the landlord and the tenant in leasing +/-1,128 s/f of office
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