10B — June 2023 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
Roddy's Olender leases 58,800 s/f in Perkasie, PA
C Rahn & Wilsbach broker retail lease totaling 11,520 s/f NAI CIR completes 35,321 s/f in recent CPA transactions
PHILADELPHIA, PA — Meyer celebrated the opening of The Philadelphia Inquirer’s new hybrid headquarters in Old City. The 36,500 s/f work- space at 100 S. Independence Mall West honors the Inquir- er’s legacy as Philadelphia’s newspaper of record. The Meyer team, led by principal and corporate prac- tice leader Debra Breslow , worked with the Inquirer for nearly a year and a half to reshape the organization’s real estate strategy and to reduce its office footprint in the wake of the pandemic. This contemporary workplace, which accommodates up to 200 people, is designed to promote collaboration in a supportive and inclusive environment, as staff continue the transition to hybrid work. The new office embraces core principles of universal design, with equitable spaces that celebrate the diversity of the Inquirer’s staff. Employees are not assigned desks or offices, ENTRAL PA — NAI CIR arranged the sale/ lease of the following transactions: The 100% leased retail center located at 300-320 Railroad St. in Danville has been sold to Singh Brothers Plaza. The 11,520 s/f center services the greater Danville community and offers a di- verse mix of tenants including PennDot Licensing Center, Pure Health by Andrea, Pick- le Law Firm and Smoke Rings Smoke Shop. Craig Rahn and Chris Wilsbach , of NAI CIR, represented the seller and Amber Corbo , of NAI CIR, represented the buyer. The 9,366 s/f downtown of- fice building, located at 604 N. 3rd St. in Harrisburg has been sold to North of Liberty LLC. The stately investment property is situated directly across from the State Capitol Complex. Long-standing ten- ant, Malady & Wooten, LLP, is one of Pennsylvania’s top lobbying firms with a presence in both Philadelphia and Pitts- burgh. Nik Sgagias , of NAI CIR, represented the seller in the transaction. NAI CIR is pleased to an- nounce the successful sale of the historic 7,886 s/f three-
500 N. Ridge Rd.
and one drive-in door. With over twenty years of experience, Seamless Gutters LLC, an entity related to All- Pro Seamless Gutters & Sup- ply, has been serving the Tri- State area for new installation or repair of gutter systems. Roddy represented N. Jonas & Company, Inc. in the leas- ing of a 19,082 s/f unit within a 78,058 s/f modern one-story building located at 855 Dunks- ferry Rd., Expressway 95 Industrial Center, Bensalem, Bucks County from Philadel- phia NLM TT, LLC who was represented by Pat Gilmore of The Flynn Company . Sean Durkin advised for more than 50 years, N. Jonas & Company has specialized exclusively in manufacturing, packaging and supplying pool and spa care products. Jonas produces pool and spa chemi- cals and sells them only to the "Professional Pool Market”. They have introduced many of the chemicals that have be- come standards in the industry such as polymer-base algae- cides. non-alum flocculants, and borate technology. N Jonas is also the industry leader in private-labeling. MAREJ
PERKASIE, PA — Roddy Inc. , arranged the lease of the following transactions: Roddy represented Poly- cab USA LLC in the leasing of 58,800 s/f at 500 N. Ridge Rd., Perkasie. from Castanea Holdings, LLC. Polycab USA LLC and their distribution partner, Wire- Point, will utilize the facility for warehouse and distribu- tion of electrical wire. Polycab USA LLC is a subsidiary of Polycab India Limited. The company imports, distributes and sells wires, cables and fast moving electrical goods (FMEG). They also manu- facture and sell electric fans, LED lighting and luminar- ies, switches and switchgear, solar products, conduits and accessories. Roddy leased 22,710 s/f located at 2220 Maplewood Avenue, Willow Grove to Seamless Gutters LLC on be- half of Wishland, LLC. The fully heated and sprin- klered space features heavy duty electrical service, 240 square feet of mezzanine level office area, ceiling heights up to 16’2” clear under bar joist, three tailgate loading docks
300-320 Railroad St. in Danville
sold to TKO Real Estate . The space will be used by a profes- sional counseling service. Joe Bedard and Ryan Murray , of NAI CIR, represented the seller in the transaction. The 2,000 s/f office suite located at 219 S. 10th St. in Lemoyne has been leased to Heavy Metal Auto Sales, LLC. The pre-owned auto dealership located in Lewisberry special- izes in 4x4 trucks, SUV’s, com- mercial trucks, vans, bucket trucks, and utility trucks, with a full notary and tag service. Sgagias and Corbo secured a new lease at 160 S. Progress Ave. in Harrisburg. Suite 3C has been leased to Beautiful Flex Esthetics. Lexus Prunty, founder of Beautiful Flex Es- thetics, will be offering vari- ous beauty treatments and services. MAREJ
story office building located at 401 N. 2nd St. in Harrisburg. The property was sold via Ten-X Auction to Harrisburg Heritage Coworking LLC. The buyer will position the building as an office property available for lease. The property is lo- cated within two blocks of the Harrisburg Capitol Complex and is easily accessible from I-83, near various restaurants, businesses, and government of- fices. Built in 1887, this historic building was awarded the 1986 Preservation Award and is part of the Historic Harrisburg As- sociation. Sgagias and Amber Corbo , of NAI CIR, handled the transaction. Stay connected with NAI CIR for upcoming leasing opportunities. The 4,549 s/f office condo located within 1000 N. Front St. in Wormleysburg has been
Meyer celebrates grand opening of The Phila. Inquirer’s new corporate offices
NexPoint expands life sciences CRE foot- print with acquisition of two properties
for innovative companies in the research, development, and manufacturing of pharmaceu- ticals, biotechnology-based food and medicines, medical devices, biomedical technologies, nutra- ceuticals, and cosmeceuticals. The real estate acquisition includes nearly 18 acres of land across the two separate proper- ties and more than 250,000 s/f of interior space where Frontida Biopharm, LLC will remain the tenant. The first property com- prises R&D, production, and warehouse facilities capable of producing three billion tablets and capsules annually. The second property features distri- bution facilities and packaging capacity for four billion tablets and capsules annually and al- lows for potential expansion on its 12-acre campus. MAREJ
PHILADELPHIA, PA — NexPoint announced the acquisition of two life sciences industrial properties located in Philadelphia, from Frontida Biopharm, LLC, a company in the Adare Pharma Solu- tions group. The properties were indirectly acquired by NexPoint Life Sciences II DST , a Delaware statutory trust seeking to raise $42 mil- lion in equity from accredited investors via a private place- ment offering. NexPoint Life Sciences II DST aims to raise capital from investors looking for exposure to the growing life sciences real estate sector. The real estate transaction builds on NexPoint’s commit- ment to grow its presence with- in the life sciences industry and to provide best-in-class facilities
The Philadelphia Inquirer’s new hybrid HQ in Old City
as in a traditional office set- ting. Rather, they are grouped into “neighborhood” spaces that support the needs of in- dividual departments, includ- ing news, marketing, human resources and executive staff. The new space also features ample natural light, with windows overlooking Indepen- dence Mall, as well as private phone booths, large and small conferencing areas, an all-gen- der restroom and a dedicated wellness room to accommodate prayer and nursing mothers.
Meyer worked closely with its project partners, building owner Keystone Property Group and engineer Bala Consulting Engineers Inc., to incorporate the historic nature of the structure, com- monly known as the Rohm & Haas building, into the fabric of the Inquirer’s new head- quarters. The Meyer team also in- cluded project manager Jes- sica Nixon , senior designer Jamye Petrini and designer Dana Sweeney . MAREJ
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