26A — September 17 - October 21, 2021 — Retail Development Reimagined — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment R eimagined
LYPHANT, PA — Hinerfeld Com- mercial Real Es- O Cognetti, Keefer and Miller have been the property management team for the facility Hinerfeld Commercial Real Estate announces the sale of Rock Creek Corporate Center
tate announced the suc- cessful sale of Rock Creek Corporate Center (+/- 45,000 s/f) and The Shoppes at Rock Creek (+/- 24,600 s/f). These class A Office and class A Retail properties respec- tively combine to create a class A office/retail campus with services including of- fice leasing, foodservice, and convenience. Located in Olyphant just off the Casey Hwy. PA Rte. 6, these properties have been
John Cognetti
Elijah Miller
Colin “Griff’ Keefer
The Shoppes at Rock Creek
Rock Creek Corporate Center
owned and operated by PA Hempstead Associates LLC, of Philadelphia. The Rock Creek Corporate Center was originally built as the headquarters building of the former WEA Manu- facturing (later CINRAM group) which produced CD discs for the music indus- try. It was purchased by PA Hempstead Road Associates LLC from prior ownership and converted to a class A multi-tenant office property. The adjacent property, The Shoppes at Rock Creek, a class A retail strip center, was erected by the same owner- ship during the ensuing years. Hinerfeld Commercial Real Estate has been the long- time property management team for these properties, handling leasing, facility management, and ultimately the sale of the property to the new ownership. Sold in Q3, 2021 (August) to JBAS Realty LLC , a real es- tate investment company led by Scranton Pennsylvania’s John Basylega the facility will continue in its present form as a class A office and retail strip center. Hinerfeld Commercial Real Estate represented the seller in the transaction. John Cognetti, Colin “Griff’ Keefer, and Elijah Miller of Hinerfeld Commercial Real Estate have been the property management team for the facility for several years. About HINERFELD CRE: John Cognetti, Colin “Griff” Keefer, and Elijah Miller are veteran members of the Hinerfeld Commercial Real Estate team and brings multi-faceted experience in commercial property man- agement, sales and leasing to the role. MAREJ
Relocation Opportunities Wanted
PENNSYLVANIA COUNTIES OF INTEREST INCLUDE: Bradford, Bucks, Carbon, Columbia, Lackawanna, Lehigh, Luzerne, Lycoming, Monroe, Northampton, Pike, Schuylkill, Sullivan, Susquehanna, Tioga, Wayne, Wyoming TYPES OF LOCATIONS WANTED: End Cap, In-Line, Drive-Thru, Free Standing
PLEASE CONTACT: Abbie Muto muto_a@sdepa.com | Cheryl Green green_c@sdepa.com (610) 366-8120 • www.sdepa.com
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