16C — September 14 - 27, 2018 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania

ACUNGIE, PA — Markward Group is pleased to an- 2.69 acres located at 111 Lehigh St. in Macungie Markward Group inks 44,227 s/f industrial/flex building M

nounce the recent sale of a 44,227 s/f industrial/flex build- ing on 2.69 acres located at 111 Lehigh St. in Macungie. Markward Group repre- sented both the seller Narsu and Ramani Tatikoia and the buyer Luicana’s LLC dba Lui- cana Unique Design. Luicana Unique Design is a Kitchen PHILADELPHIA, PA —Af- ter 85 years of being 100% fam- ily owned, The Binswanger Companies announced that it has sold a minority interest of the business to a group of its key employees. “The world is changing. To- day, our primary competition are public companies.” said David Binswanger , who along with his cousin, Frank (“Jeff”) G. Binswanger III had owned 100% of the enter- prise and are now managing directors. “We have always prided ourselves on the per- sonal interest that a family company has with its clients

111 Lehigh St. in Macungie

will be occupying a significant portion of the building. 

and Bathroom remodeling company out of Boyertown and

Binswanger sells minority interest of its business to key employees

and people. Extending owner- ship to those who have been a part of that allows us to spread that philosophy in a tangible way.” Binswanger has offices across the US and numerous interna- tional partnership relation- ships for its global business. Sixteen Binswanger em- ployees across the country participated in the plan. The company will now be run by a Board consisting of the two Binswangers, two employees and an independent member. Douglas Faris, Esq. , senior VP located in Binswanger’s Charlotte, NC office and Eric

Dienstbach , senior VP located in the company’s Denver, CO office will be the first two em- ployees to serve on the Board. Doug said, “I have been with Binswanger for over 35 years. This has always an exciting place to work, but now, what we do to affect the bottom line directly benefits us. And, as principals, we have direct input into the strategic plan. I think that gives us all a new appreciation for what it takes to be successful.” Russell (“Rusty”) Lewis , president and CEO of Lewis Capital, will be the first person to hold the independent seat. 


Contact Marisol Chase mchase@marejournal.com or call 781-740-2900

Geotechnical Design & AnalyƐŝƐͻnvironmental Site Assessments and

www.earthengineering.com Corporate Headquarters: 610-277-0880 ͻ Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 ͻ South Jersey: 856-768-1001

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