S hopping C enters P ennsylvania
M id A tlantic Real Estate Journal — Pennsylvania — 13B
www.marej.com
Global flooring manufacturer will move into three transformed buildings in 2021 High Real Estate Group welcomes Armstrong Flooring Inc. Headquarters to Greenfield
ANCASTER, PA — Armstrong Flooring, Inc. will relocate its corpo- rate headquarters to Green- field in 2021. The 160-year-old global leader in the design and manufacture of innova- tive flooring solutions signed a long-term lease with High Real Estate Group LLC for three existing buildings located in Greenfield to house its head- quarters center and technical center. This comes at a time when Greenfield is enhancing its brand with new messaging, new investment, and new vital- ity at its 600-acre campus. Two adjacent buildings, lo- cated at 1740 and 1760 Hemp- stead Rd. and totaling 58,000 s/f, will provide flexible office space for 200 corporate office employees at Armstrong Floor- ing’s headquarters center and will feature a 5,000 s/f design showroom. Additionally, the company will lease an existing 33,000 s/f building, located at 1827 Freedom Rd., Ste. 101, for its technical center, housing L
reality in a very short period of time. By establishing its new headquarters here, Armstrong Flooring is demonstrating its commitment to Lancaster County and to sustainable business practices by reimag- ing and repurposing existing buildings to support a modern workplace environment." “This is a great partnership between two stalwart compa- nies in Lancaster, both with rich and deep histories here,” said Lisa Riggs, president, Economic Development Com- pany of Lancaster County. “Armstrong Flooring’s move signals both an exciting di- rection for the company by its new leadership and is a huge vote of confidence in Lancaster County, at a time when all of us are looking for positive economic news.” Construction will begin in August with anticipated com- pletion in the second quarter of 2021. High Associates Ltd. will oversee the development process and manage the facili- transaction by a single tenant in each. Surrounding land uses consist mainly of commercial, industrial and residential de- velopments. Amenities within a five-mile radius include eat- eries, shopping centers, music, arts, theatre and sports attrac- tions. In 2016, Al lentown was named by the Urban Land In- stitute as one of only six com- munities in the United States as a national success story due to its downtown redevelopment and transformation which has generated nearly $1 billion in new development projects as of April 2019. The properties have easy access to major thoroughfares inclusive of Interstate 78, Rte. 309, US 22 and the PA Tpke. at the Lehigh Valley Interchange. Nearby airports include Lehigh Valley International Airport eight miles southwest), Tren- ton-Mercer Airport (roughly 57 miles southeast) and Phila-
ties; Greenfield Architects LLC is the lead architect; Spiezle Architecture Group of Hamilton Twp., NJ is provid- ing interior design; and, High Construction Company is the general contractor. Bill Boben , senior vice president of High Associates Ltd., repre- sented the property owner and Scott Miller of CBRE repre- sented Armstrong Flooring in the transaction. As part of Armstrong Floor- ing’s commitment to sustain- ability, the buildings will be renovated applying sustainable building practices that focus on human health and wellness, including using a selection of Armstrong Flooring’s beauti- ful, durable, and environmen- tally friendly resilient flooring products. In addition to this great eco- nomic partnership, Greenfield is making major investments that will appeal to current and next generation corporate tenants, schools, residents and businesses. MAREJ Weilheimer joined Kislak in 1996 and is consistently among the firm’s leading salespeople. He specializes in the sale of apartment buildings, REO assets and other investment properties in New Jersey, New York, and Pennsylvania. He has won numerous sales pro- duction awards including the firm’s 2010 and 2015 Produc- tion awards. Briones joined Kislak in 2014 and specializes in the sale of multifamily and other invest- ment properties in Hudson County, New Jersey. Mr. Brio- nes received the firm’s 2016 Rising Star award. About The Kislak Co., Inc. The Kislak Company, Inc., which is headquartered in Woodbridge, NJ, is a leading commercial real estate broker- age firm consistently recog- nized for its investment sales success. MAREJ
1740 and 1760 Hempstead Rd. rendering
approximately 60 employees from company’s new product development, innovation and engineering teams. "As we continue to trans- form our business and write the next chapter in the his- tory of Armstrong Flooring, we’re proud that our roots will remain firmly planted in Lancaster County, especially in such an ideal location as Greenfield," said Michel Ver- mette, Armstrong Flooring president and CEO. "Reinvigo- rating these spaces embodies Armstrong Flooring’s resil- iency throughout generations and our ability to constantly reinvent ourselves by embrac-
ing new sources of inspiration and pursuing what’s next. This move also represents an important investment in our employees and our future, and one that will lead to collabora- tion and innovation far beyond the walls of these buildings." "Both Armstrong Flooring and the High companies have been an integral part of Lan- caster’s heritage, so we are very excited to welcome them to Greenfield," said Mark Fitzgerald , president and chief operating officer, High Real Estate Group LLC and High Associates Ltd. "Our teams have worked very well together to bring this vision to
Weilheimer & Briones of Kislak arrange sale of two fully-occupied industrial buildings in Allentown delphia Int'l. Airport (approxi- mately 72 miles south).
ALLENTOWN, PA — The Kislak Company, Inc. an- nounced the recent sale of two
i n d u s t r i a l properties at 2591 Mitch- ell Ave. and 2330 26th St. SW in Allen- town, Lehigh County for an undisclosed price. K i s l a k marketed the properties on behalf of the s e l l e r , JD Allentown I and II , with seni or v i ce p r e s i d e n t Mat t We i l -
Matt Weilheimer
2591 Mitchell Ave. and 2330 26th St. SW
company. Weilheimer com- mented upon the sale: “The purchaser was focused on in- dustrial investment and driven to purchase these properties because of yield.” Built in 1971, the one-story Mitchell Ave. building, situated on 3.28 acres of land, contains 31,946 s/f of space and features 14-16’ ceiling heights, two load- ing docks, one drive-in door, and a covered canopy at the rear of the building.
Situated on 2.02 acres of land, the 26th St. SW single- story building was constructed in 1966 and contains 32,132 s/f of space which includes 16 ½’ and 18 ½’ ceiling height clear- ances in warehouse areas, four loading docks and one drive-in door. Located in PA’s third most populous city after Philadel- phia and Pittsburgh, the Al- lentown properties were fully occupied at the time of the
Davis Briones
heimer handling the assign- ment. Vice president Davis Briones represented the pur- chaser, Mitchell Partners Group LLC . Both parties are new clients of the brokerage
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