18B — October 21 - November 17, 2022 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
Bennett Williams Comm'l. completes leases in PA
Retail center in Philadelphia area sells JLL Capital Markets inks sale of Richland Marketplace
Berkshire Blvd., Wyomissing. Talk4Less Wireless Commu- nications, LLC leased space from Berkshire Square Inves- tors, LLC. Lehman, Shaffer, Khan, Rohrbaugh, and Stine represented the tenant in the transaction. 2,450 s/f retail space at 3548 Gettysburg Rd., Camp Hill. BK Cakery, LLC leased space from 44 N. Queen Street, LLC. Lehman, Shaffer, Rohrbaugh, and Stine. 1,800 s/f retail space at 780 Miles Rd., West Chester. Lor- gus Flower Shop, Inc. leased space from Brookworth Condo Unit 2, LP. Anthony Curcio of Bennett Williams Commercial represented the landlord in the transaction. 4,375 s/f retail space at 1050 East Industrial Blvd., Cumber- land, Allegany County, MD. The MidAtlantic Wolf Pack, LLC leased space from BOIII Cumberland, LLC. Lehman, Shaffer, Rohrbaugh, and Stine represented the landlord in the transaction. 1,040 s/f retail space at 2900 Whiteford Rd., York. Edward D. Jones & Co., L.P. leased space from LAW Meadow- brook, LLC. Lehman, Shaffer, Rohrbaugh, and Stine rep- resented the landlord. Gary Russell of Bennett Williams Commercial represented the tenant in the transaction. 1,078 s/f retail space at 320 Market St., Harrisburg. Mane- Class HairHealh and Hair- Style LLC leased space from Strawberry Square Associates. Lehman, Shaffer, Rohrbaugh, and Stine represented the land- lord in the transaction. 3,000 s/f industrial space at 75 Acco Dr., York. Susquehanna Apparel, LLC leased space from ACCO Properties, LP. Bob Behler of Bennett Williams Commercial represented the landlord. Lehman, Shaffer, Rohrbaugh, and Stine of represented the tenant in the transaction. 1,493 s/f office space at 2 Waterford Professional Center., York. K.Troyer leased space from Waterford Associates. Keith Kahlbaugh of Bennett Williams Commercial repre- sented the landlord and the tenant in the transaction. 6,547 s/f industrial space at 555 Centennial Ave., Hanover. Leonhardt Metal Worx leased space from H.B.H Management, Inc. Ryan Myers of Bennett Williams represented the land- lord. Keith Kahlbaugh of Bennett Williams Commercial represented the tenant in the transaction. MAREJ
YORK, PA — Bennett Wil- liams Commercial has ar- ranged the sale/lease of the following transactions: 1,800 s/f retail space at 1274 Lititz Pike, Lancast- er. Straight Mind Way, LLC leased space from Cedar Gold- en Triangle, LLC. Ashlee Lehman, Blake Shaffer, Brad Rohrbaugh, and Chad Stine of Bennett Williams Commercial represented the tenant in the transaction. 2,400 s/f retail space at 4346- 4348 N George St., Manchester. Dragon Marett, LLC leased space from Debra & Elwood McManus, Jr. Lehman, Shaf- fer, Rohrbaugh, and Stine of Bennett Williams Commercial represented the landlord in the transaction. 7,200 s/f retail space at 4900 Carlisle Pike, Mechanicsburg. Kritunga, LLC leased space from Hampden Center, Inc. Lehman, Shaffer, Rohrbaugh, Stine, and Gary Russell of Bennett Williams Commercial represented the landlord in the transaction. 7,610 s/f retail space at 241 W Roseville Rd., Lancaster. Hess Fitness Enterprises LLC leased space from GNJ Ros- eville LP. Rohrbaugh and Stine represented the landlord in the transaction. 1,500 s/f retail space at E Main St. and Pleasant Val- ley Rd., Ephrata. H&R Block Eastern Enterprises, Inc. leased space from Property Investing and Management, Inc. Cale Bruso, Adam Hagerman , Rohrbaugh, and Stine of Ben- nett Williams Commercial rep- resented the landlord in the transaction. 2,000 s/f retail space at 1234 Millersville Pike, Lancaster. Let’s Get It Pizza Co. LLC leased space from MONTGOM- ERY ACQ LLC. Abe Khan , Lehman, Rohrbaugh, and Stine of Bennett Williams Commer- cial represented the tenant in the transaction. 6,050 s/f industrial space at 15 E Uwchlan Ave., Ex- ton. IVRWARE, Inc. leased space from NPMC Owner LLC. Jane McGill and Bill Hess of Bennett Williams Commercial represented the tenant in the transaction. 19,568 s/f retail space at 1875 E 3rd St., Williamsport. Keystone NFP Williamsport, LLC leased space from Loyal Holdings DE LLC. Abe Khan , Shaffer, Rohrbaugh, and Stine of Bennett Williams Commer- cial represented the landlord in the transaction. 1,000 s/f retail space at 1135
Q
UAKERTOWN, PA — JLL Capital Mar- kets has closed the
sale of Richland Market Place, a 266,565 s/f, retail center in Quakertown. JLL represented the seller, KPR . First National Realty Partners acquired the asset. The 89.1-percent-occupied Richland Marketplace is an- chored by Aldi, PetSmart and BestBuy and junior-anchored by Planet Fitness and Staples. Shadow anchors include BJ’s Wholesale and Target, drawing additional traffic to the center. Richland Marketplace is situated on Rte. 309, a major north/south thoroughfare that offers access to many of Philadelphia’s affluent sub- urbs. The average household income within a 10-mile ra- dius of the property exceeds $107,000. The JLL Retail Capital Mar- kets Investment Sales and Advisory team that represented the seller was led by senior managing directors Chris- topher Munley and James
Richland Market Place
past few years,” said Munley. “These assets have experienced tremendous leasing momentum along with attractive rental growth, which is reflective in the demand seen from the capi- tal markets.” “Retail assets in the Greater Philadelphia market continue to draw strong interest from in- vestors due to excellent market fundamentals and favorable risk adjusted returns,” said Graf. “In 2022 we will sell over 40 shopping centers in Pennsyl- vania and New Jersey.” MAREJ
Galbally , senior director Colin Behr and director James Graf . “This was a collaborative ef- fort by both sides, working as a team to get this across the fin- ish line during a volatile time in the capital markets,” said Behr. "We appreciate the hard work both buyer and seller put into this in order to complete the transaction.” “Philadelphia suburban re- tail markets, and in particular grocery-anchored assets within these markets, have performed exceptionally well over the
Rob Mullen - State Farm Insurance to open second location at Levin-managed center
WEST CHESTER, PA — Rob Mullen - State Farm Insurance has leased 1,600 s/f at Bradford Plaza in West Chester, announced Levin Management Corporation (LMC) , the property’s leasing and managing agent. The loca- tion marks the second area of- fice for Mullen, an experienced insurance provider. Located at 700 Downing- town Pike, Bradford Plaza is the dominant retail center in its market, according to real- time traffic data from consult- ing company Placer.ai. The 161,000-square-foot Giant Supermarket-anchored prop- erty draws 2 million visits per year. “Bradford Plaza is a well- shopped center with some great in-place tenants,” said Mullen, a second-generation State Farm insurance agent who has operated in Bear, DE, for 10 years. “The property also is centrally located to my client base, making it a perfect fit. I am looking forward to be- ing part of the West Chester community, and serving new and existing customers from this new office.” LMC Leasing representative
Bradford Plaza
Fred Younkin negotiated the long-term lease. “Bradford Plaza’s exceptional location, demographics, anchor grocer, and diverse retail and service tenants, make it a very at- tractive place to do business,” Younkin said. “Rob Mullen – State Farm Insurance is a welcome addition to the mix.” According to Mullen, his agency is focused on provid- ing exceptional service for policyholders. State Farm and its affiliates are the largest providers of auto and home in- surance in the United States. Its more than 19,400 agents and approximately 53,400 em-
ployees serve over 87 million policies and accounts – which includes auto, fire, life, health, commercial policies and finan- cial services accounts. Bradford Plaza is also home to Walgreens, Dollar Tree, Petco, AT&T, Monkey Fish Toys, Village Optical, Oran- getheory Fitness, and PA Wine and Spirits, along with other local restaurants and service providers. There is a growing population of 108,000 people within a five-mile radius of the center, which is proximate to West Chester University and more than one dozen public schools.
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