www.marejournal.com Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 25 - June 7, 2012 — 13B I NDUSTRIAL R EAL E STATE & D ISTRIBUTION C ENTERS Adams leases 40,058 s/f in three lease transactions NAI Summit represents the tenant in 22,562 s/f warehouse lease in Allentown, PA A LLENTOWN, PA – Michael Adams of NAI Summi t
r e c e n t l y leased over 40,000 s/f in Allentown in three sep- arate trans- actions. I n t h e first trans- action, Ad-
Michael Adams
ams represented both the owner and tenant in leasing 7,000 s/f of warehouse space at 1840 E. Race Street. The tenant, Beck Packaging, has been serving the “indus- trial and protective packag- ing and transport security” needs of businesses in the Lehigh Valley since 1970. The building owner, HVAC Distributors, is a full-service wholesale distributor and manufacturer representa- tive of residential and light commercial HVAC equip- ment and accessories. In the second transac- tion, Adams represented both the owner and tenant in leasing 10,496 s/f of flex space at 6620 Grant Way. The tenant, Americure RX, is an institutional pharma- ceutical company, supplying medicine to senior living facilities, assisted living facilities, etc. In the third transaction, Adams recently represented the tenant in leasing 22,562 s/f of warehouse space at 2655 Moravian Avenue, Al- lentown, PA. The tenant, McCarthy Tire & Automo- tive Centers, was founded in 1926. The company serves the transportation needs of retail, commercial and in- dustrial users with locations in PA, NY, NJ, VA, NC, MD and OH. McCarthy plans to use the building for truck tire repair and service. Mike Adams is vice president of NAI Sum- mit specializing in indus- trial & office leasing and sales. NAI Summit is the Greater Lehigh Valley’s only full-service commer- cial/industrial real estate firm servicing Eastern Pennsylvania. Founded in 1982, NAI Summit has consistently maintained the highest volume of commercial transactions by utilizing an extensive network of professional affiliations. ■
2655 Moravian Avenue
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Commercial Real Estate in the Greater Lehigh Valley
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NAI Summit is the Greater Lehigh Valley’s premier full-service Commercial Real Estate firm, founded in 1982 and associated with the world’s largest commercial real estate organization.
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According to Mike Molewski, founder of Molewski Financial Partners, “NAI Summit’s knowledge of the market enabled us and the landlord to reach an agreement based on current ofÛce market conditions in the Lehigh Valley. NAI Summit’s commercial real estate expertise was essential in our renewal being Ûnalized while we were able to concentrate on our core business.”
Commercial Real Estate Services, Worldwide. Summit 3435 Winchester Rd • Suite 300 • Allentown, PA 18104 610 264 0200 • www.naisummit.com
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