S hopping C enters P ennsylvania F eaturing S outheastern PA
M id A tlantic Real Estate Journal — Pennsylvania — October 21 - November 17, 2022 — 13B
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Metz, Koons and Abbate represent seller of 52,300 s/f industrial building Bussel Realty Corp Represents Sale of 10082 Sandmeyer Lane in Philadelphia, PA
P HILADELPHIA, PA — Bussel Realty Corp. (BRC) , a leading industrial/retail real estate services firm in New Jersey, today announced it sold 10082 Sandmeyer Ln. in Philadel- phia,, a 52,300 s/f industrial building, for $7.05 million. Jordan Metz , senior vice president, Eric Koons , vice president, and Benito Ab- bate , sales associate, of BRC, represented the seller, AHR PA Real Estate LLC, and the buyer, HS Property Penn LLC, in the transaction. “It is a pleasure to work with the same clients over the span of decades or more.
Eric Koons
Jordan Metz
Benito Abbate
Our seller acquired this asset less than two years ago with the intention of occupying the space for its expanding bakery business. Plans to occupy the space changed, and our team was hired to resell the prop- erty,” noted Metz. “We were able to secure almost a dozen offers and leverage the intense competition to secure a deal
with very few contract contin- gencies at more than double the original purchase price. It was a pleasure to represent both buyer and seller in this seamless transaction.” Totaling 52,300 s/f, 10082 Sandmeyer Ln. is a modern manufacturing facility located near I-95, and the Port of Philadelphia with access to
10082 Sandmeyer Ln.
the Philadelphia, Southern New Jersey and Del-Mar-Va markets. The property features
3,900 s/f offices, high ceilings, drive-in loading, and surface parking. MAREJ
HI-LIGHTS
Shepley & Albright of NAI CIR in cooperation with NAI Robert Lynn handle sublease +48,000 s/f
SPOTLIGHT SOUTHEASTERN PENNSYLVANIA 14-15B New Assessments for Philadelphia CRE
$1.65M to Edwin L Heim Com- pany. The sale was comprised of four industrial buildings to-
CENTRAL, PA — NAI CIR completed the following trans- actions in Central PA: 48,360 s/f
taling 27,521 s/f and seated on 18 par- cels. Daniel Alderman , of NAI CIR, represented the buyer in this transac- tion.
of warehouse space locat- ed at 1700 Harrisburg Pike, Carl- isle has been subleased to Hanover Terminal,
Aaron Albright
Jack Shepley
1700 Harrisburg Pike
The 18,985 s/f building lo- cated at 3301 Hoffman St. in Harrisburg has been sold to Skulsky Properties, LLC as an investment property. Both tenants - Focal Point and Levin Promotional will remain at this location. Amber Corbo and Nik Sgagias , of NAI CIR, handled the transaction. The 15,500 s/f commer- cial property, located at 440 Claude A. Lord Blvd. in Potts- ville, has been sold to Firetree Ltd. Firetree is an addiction recovery service offering resi- dential treatment, halfway houses, re-entry and outpa- tient programs. This property will add to their several loca- tions throughout the Central Pennsylvania region. James
Inc. The space will be used for overflow storage in the area. Hanover Logistics, the parent company of Hanover Terminal, is an asset-based logistics services company providing superior supply chain management solutions in a variety of Third-Party Logistics. Their specialties include traditional warehous- ing, eCommerce warehousing, distribution, fulfillment, and transportation services. The transaction was handled by Aaron Albright and Jack Shepley of NAI CIR in coop- eration with Mark Miller of NAI Robert Lynn. The industrial properties located at 1001 S. 14th St. in Harrisburg has been sold for
to Fernandez Realty LLC. This investment property is com- prised of a retail store front on the first floor and three apart- ments above. Nick Martin , of NAI CIR, represented the buyer in this transaction. Rte. 15 Beverage Express located at 9 Tristan Dr. in Dillsburg has been sold to RDL Property, LLC. The sale in- cluded the Malt or Brewed Bev- erage License, real estate, and other assets of the business. As Dillsburg’s local beverage store, the new owners plan to oper- ate business as usual. Craig Rahn , of NAI CIR represented the seller and Nik Sgagias, of NAI CIR, represented the buyer in the sale. MAREJ
D. Ross , of NAI CIR, and Eric Seitzinger , of BHHS Home- sale Realty , represented the buyer, and John Buccinno, of NAI Keystone represented the seller. The 2,629 s/f garden level suite within 1035 Mumma Rd. in Wormleysburg has been leased to The Law Firm of Peters & Wasilefski. Since 1978, the firm has represented various clients throughout Pennsylvania. They have relo- cated from their former office on N. Front Street in Harris- burg. Alderman handled the transaction. The 4,216 s/f mixed-use building located at 308 N. 2nd St. in Harrisburg has been sold
Carlo L. Batts
15B
KW Commercial completes sale of 709-711 Harry Street
17B
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