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Section C of the Mid Atlantic Real Estate Journal
Johnson Controls purchases industrial zoned land in the Stonebridge Business Park ROCK Commercial Real Estate represents the Stewart Cos. in a 57 acre sale for $5.704 million
Y
ORK, PA — Johnson Controls purchased in- dustrial zoned land in
requires. This project also com- prised a stellar team capable of coordinating such a complex deal. Beyond the normal coor- dination of buyers and sellers, projects of this magnitude in- volve additional layers such as state and local governments, economic development agen- cies, utility providers, and site development costs.” ROCK provided a drive-time analysis to describe the eco- nomic impact of the relocation from the current Grantley Rd. facility to the proposed site at Stonebridge Business Park. The analysis visually showed how critical location selection is to the company’s operations, especially to retain its skilled workforce. This marks the second time
ROCK Commercial Real Estate has worked with the Stewart Companies in landing a ma- jor project for York County. The last transaction and posi- tive economic impact on York County was due to the selection of industrial land by Church & Dwight for their flagship 1.1 million s/f manufacturing and distribution facility which was a relocation for the company from NJ. Gary Stewart, Jr. , president of Stewart Proper- ties said, “The combination of our experience in land devel- opment, our sister company Stewart & Tate Construc- tion , and ROCK in commercial real estate provides us with the capability of seamless delivery of projects for both smaller and major corporations.” ■
the Stonebridge Business Park in southern York County for their new engineering and test- ing complex that will employ 450 people. ROCK Commer- cial Real Estate represented the Stewart Companies in the sale of the 57 acre tract for $5,704,000. According to Kevin Hodge , brokerage advisor with ROCK Commercial Real Estate, “The Stonebridge Business Park provided all of the amenities a company like Johnson Controls
Colliers International facilitates $700k sale
AUGUST 16 - 29, 2013
HI-LIGHTS
NAI Commercial Partners ink industrial flex space lease
SPOTLIGHT
Pennsylvania Elite 5-12C
Posavec of Landmark Comm’l. negotiates 15,881 s/f lease
LANCASTER, PA — NAI Commercial Partners an- nounces the lease of a 7,500 s/f industrial flex space lo- cated in the Running Pump Business Center in Lan- caster at 499 Running Pump
Rd. (shown above) Daniel Berger, CCIM, SIOR of NAI Commercial Partners, repre- sented the landlord, Running Pump Business Center LP and tenant, Smart Partners, LLC. ■
601-23 W. Union St.
ALLENTOWN, PA — Col- liers International facili- tated the sale of the former Allentown Racquetball & Health Club at 601-23 W. Union St. The 28,600 s/f fa- cility was sold for $700,000 to a group of local investors who anticipate spending ap- proximately $4 million on renovations. Tentative plans are in the works to lease the building to a performing and fine arts charter school, pending ap- proval from the Allentown School Board. Derek Zerfass of Colliers’ Allentown office represented the seller in this transac- tion. The property is centrally lo- cated between I-78 and Route 22 along the Route 145 cor-
ridor – just two blocks from downtown Allentown. ■
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Metro Commercial negotiates new leases for Rally House
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