6A — June 22 - July 12, 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com M ID A TLANTIC R EAL E STATE J OURNAL VP Walsh coordinates lease with CBRE’s Bleiler Mericle adds Herndon Products and LOGZONE
GENERAL CONSTRUCTION
Commercial • Industrial • Residential
HROOP, PA — A team made up of Herndon Products and LOG- ZONE will create 16 new jobs in Throop Borough. The companies will serve the Tobyhanna Army Depot in 20,000 s/f of industrial space leased from Mericle Commer- cial Real Estate Services at 19 Bert Collins Dr. in Keystone Industrial Park. Herndon Products recent- ly received a prime contract award from the Defense Lo- gistics Agency, Land and Mari- time operations to manage the Industrial Product-Support Vendor (IPV) Program at the Depot. Herndon Products was select- ed as the best value solution, resulting from a 14-month eval- uation in an unrestricted com- petitive procurement among major defense contractors. The contract was appropriated as part of the Fiscal 2012 Defense Working Capital Funds, with a funding limit of $56 million. The contract, inclusive of all options, extends into 2017. “On behalf of the Herndon Products team, we look forward to being part of the Scranton business community in sup- T
HVAC • NETWORK • SOLAR PANEL INSTALLATION • SECURITY • CAMERA • SWIMMING POOL GROUNDING • FIREALARM INSPECTION & INSTALLATION Contact: VINAY SHAH P: 201-488-6088 F: 201-488-6087 Email: shahelec@aol.com 123 Hudson St, Rear Bldg, Hackensack, NJ 07601 Fully Bonded & Insured License #11574 YOU are invited to PARTICIPATE IN in THE MID ATLANTIC REAL ESTATE JOURNAL !!!
19 Bert Collins Drive in Keystone Industrial Park
port of Tobyhanna,” said Scott Herndon, president and CEO of Herndon Products. “It has been an easy transition so far with Mericle truly leaning forward into this new relationship to help us support our mission for the depot. Their group was extremely accommodating of our needs and moved swiftly and professionally.” The Tobyhanna contract will increase Herndon Products’ managed warehouse footprint by 50% in Pennsylvania, bring- ing the investment in an east- ern distribution network to 65,000 s/f and just fewer than 40 employees. Mericle vice president Dan Walsh coordinated the lease transaction with real estate broker Sean Bleiler of CBRE’s Allentown office. Walsh said Mericle was able to meet Hern-
don Products’ short timetable for occupying and modifying modern industrial space with quick access to the Depot. “Fortunately, because we are a vertically integrated com- pany, we were able to use our own in-house construction re- sources to immediately identify the right space and then make the necessary modifications to meet Herndon’s expedited time frame for occupancy,” said Walsh. “We are excited to welcome the Herndon Products – LOG- ZONE team to Northeastern Pennsylvania,” stated Austin Burke, president, The Greater Scranton Chamber of Com- merce. “Tobyhanna Army De- pot, one of our region’s largest technology employers, is joined by another outstanding firm creating jobs locally.” ■
BROKERAGE DIRECTORY JULY 27 deadline July 18 TH TH ISSUE
COMMERCIAL REAL ESTATE LAW AUGUST 31 ST ISSUE deadline August 22 ND
Success is a done deal.
FALL PREVIEW SEPTEMBER 28 TH ISSUE deadline September 19 TH
If you would like to submit articles or news to appear in the Mid Atlantic Real Estate Journal, please contact:
$13,600,000 Fairmount Place II OFFICE - 123,400 SF | TOWSON, MD LENDER: LIFE COMPANY
$4,900,000 Martin Plaza 4 RETAIL PAD SITES | BALTIMORE, MD LENDER: LIFE COMPANY
Linda Christman 800-584-1062 x 203 or email Linda at: lchristman@marejournal.com
Capital Markets
northmarq.com
33 offices coast-to-coast
ADVERTISE TODAY! CALL 800-584-1062 www.marejournal.com
BALTIMORE OFFICE 410.296.6565
JOE BURKE | NANCY FERRELL | BILL LIBERCCI
Made with FlippingBook flipbook maker