M id A tlantic Real Estate Journal — Pennsylvania — July 24 - August 13, 2020 — 17B
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P ennsylvania
ALA CYNWYD, PA — Keystone , a real estate developer, man- McHale, McHale and Boylan of Beacon Commercial Real Estate represents owner Keystone signs NeurAbilities Healthcare to long-term lease at office complex in Bala Cynwyd B
out Philadelphia.” 225 City Ave. is visible along Bala Cynwyd’s City Avenue corridor, and was renovated in 2008 to create retail space to capitalize on the building’s prime location. Today, it is home to several established, long-term tenants including Katz’s Deli and a health food store open to both building em- ployees and the general public. Its location provides access to Interstate 76/Schuylkill Expressway, the SEPTA R6 regional rail line (Manayunk/ Norristown) and SEPTA bus routes that service the City Avenue corridor. MAREJ
community this summer. Our expansion into the Philadelphia area will provide diagnosis and treatment opportunities for the overwhelming number families copingwith neurological and be- havioral challenges,” Kathleen Stengel, CEO of NeurAbilities, said. “This includes immediate appointments for ABA therapy, psychological evaluations, and counseling sessions for children with autism and other neuro- developmental and behavioral disabilities. Additionally, the convenience of our City Avenue location will allow families easy access with public transporta- tion frommany points through-
a g e r a n d investor of m i x e d - u s e p r o p e r t i e s announced that it has s i g n e d NeurAb i l i - ties to a long- t e rm l e a s e ag r e emen t at 225 City Ave. in Bala Cynwyd. The health-
Gene McHale
225 City Ave.
care compa- ny’s decision to move its o p e r a t i o n to the 76,444 s/f property i n c l u d e d its move- in ready office space, a pri- vate entrance for employ- ees, and its l ocat i on in the heart of the City Avenue commercial corridor. Nick Sannelli and Anthony LiVecchi of JLL represent- ed NeurAbilities, and Gene McHale, Colin McHale and Chris Boylan of Beacon Commercial Real Estate represented Keystone. “We are delighted to have an innovative tenant l ike NeurAbilities at 225 City Ave., and are looking forward to seeing the accomplishments the company will make at our property,” Rich Gottlieb , president and COO of Key- stone, said. “We’re proud to have them join our already long and diverse roster of tenants that are changing people’s lives and making the world a better place.” NeurAbilities Healthcare is the premier provider of com- prehensive and coordinated neurological and behavioral services in New Jersey and Pennsylvania, and is dedicated to putting patients first and providing expert, personalized clinical care, all within one organization. Their mission is to transform the lives of neu- rodiverse individuals through precision medicine, behavior sciences, and therapeutic treat- ments with compassion, dignity and respect. “NeurAbilities is thrilled to be joining the Bala Cynwyd Colin McHale Chris Boylan
Multi-Family. Mixed-Use. Development.
MULTI-FAMILY PORTFOLIO 492 TOTAL UNITS IN 6 APARTMENT COMMUNITIES
LOCATED ALONG CITY LINE AVENUE CORRIDOR IN PHILADELPHIA CURRENT RENTS ARE 10% TO 15% UNDER MARKET LONG-TERM OWNER HAS KEPT PROPERTIES IN IMMACULATE CONDITION NUMEROUS CAPITAL IMPROVEMENTS COMPLETED THROUGHOUT PORTFOLIO
UNIVERCITYCITY PORTFOLIO 185 APARTMENT UNITS IN 3 APARTMENT COMPLEXES
BELOW-MARKET RENTS 58% STUDIO, 39% ONE-BEDROOM & 3% TWO-BEDROOM UNITS MOST LIVABLE, WALKABLE AND BIKEABLE AREA OF PHILADELPHIA 54% OF RESIDENTS OVER 25 HAVE BACHELOR'S OR ADVANCED DEGREE UPENN, DREXEL, USCIENCES, PENN MEDICINE & CHOP NEARBY
SOUTHKENSINGTON FACTORY LOFT PORTFOLIO 117 UNITS + OPPORTUNITY TO INCREASE TO 396 UNITS BY-RIGHT LOCATED IN AN OPPORTUNITY ZONE
10-YEAR TAX ABATEMENT ON IMPROVEMENTS RM-1 & IRMX ZONING
UNITS AVERAGE 1,310 SF BELOW-MARKET RENTS TRENDY, HIP NEIGHBORHOOD BORDERED BY THE ESTABLISHED ART AND CULINARY NEIGHBORHOODS OF NORTHERN LIBERTIES & FISHTOWN
ONE OF PHILADELPHIA’S MOST EXCITING AND RESURGENT MARKET HIGH QUALITY AND PREMIUM FINISHES 88% OF UNITS ARE TWO OR THREE BEDROOMS 82% OF UNITS CONTAIN MORE THAN ONE BATHROOM GARAGE PARKING, COURTYARD, AND SECURITY CAMERAS REAL ESTATE TAX ABATEMENT: APPROXIMATELY 4 YEARS LEFT BROAD STREET SUBWAY ONE BLOCK AWAY 10-MINUTE WALK TO CENTER CITY PHILADELPHIA
LUXURY FRANCISVILLE APARTMENT BUILDING 17 LUXURY APARTMENTS + 14 PARKING SPACES
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