8C — February 13 - 26, 2015 — Pennsylvania — M id A tlantic
Real Estate Journal
P ennsylvania Sperry Van Ness/Imperial Realty reps. both parties Jaindl Land Co. acquires properties totaling 124,408 s/f O refield, Pa — Jaindl Land Com- pany acquired two properties in a transaction with Lehigh Hanson.
2014 MBA Building Excellence Awards . . .
Lehigh Hanson will lease back 55 percent of 7660 Impe- rial Way, a 124,408 s/f build- ing in the Iron Run Corporate Center located at Rte. 100 and I-78 in Upper Macungie Twp., Lehigh County. The lease will extend for 10 years. The build- ing, on 10.13 acres, will be upgraded and repositioned as a class A multi-tenant office building. The second property in the Jaindl acquisition was 1900 Sullivan Trail in Forks Twp., north of Easton. Formerly the headquarters of General BETHLEHEM, PA – Joint venture partners Trammell Crow Company and Clarion Partners announce Primark has signed a lease at 2485 Com- merce Center Blvd., a class A speculative industrial building in Pennsylvania’s Lehigh Valley industrial market. “We are thrilled to welcome Primark to the project as this global retailer looks to expand its brand in the United States,” said Andrew Mele , senior vice president with Trammell Crow Company ’s Northeast Metro Business Unit. “The proj- ect offers a great location and best-in-class design to provide Primark with the distribution facility it needs to serve its planned store rollout.” 2485 Commerce Center Blvd. is located on a 40-acre site within Lehigh Valley Industrial Park VII, a master-planned Delaware County, PA — An affiliate of Endur- ance Real Estate Group, LLC (Endurance ) an - nounced the acquisition of 780 and 800 Primos Dr., a two building flex/warehouse portfolio totaling 102,243 s/f in Folcroft Borough, Delaware County. Endurance acquired the portfolio for $4.6 million. “This acquisition represented a rare opportunity to acquire very functional flex/industrial buildings at a basis signifi- cantly below replacement cost in a highly sought-after, infill industrial market with little product historically available
7660 Imperial Way rendering County.
Crushed Stone, the 22,000 s/f structure requires total renovation or removal. The property is comprised of more than five acres of commercial land in one of the fastest grow- ing corridors in Northampton
The purchase price for the two properties was $8.4 mil- lion. Tom and Debby Skeans of Sperry Van Ness/Imperial Realty r epresented both buyer and seller in the transaction. n
Carnegie Mellon University Margaret Morrison Restoration & Reflection Garden
Contractor: Burchick Con- struction Company Architect: RSH Architects Owner: Sewickley United Methodist Church
CATEGORY: Renovation Construction Under $10m Project: Carnegie Mellon Uni- versity Margaret Morrison Res- toration & Reflection Garden Contractor: Jendoco Con- struction Corporation Architect: Perfido Weiskopf Wagstaff + Goettel Archi- tects Owner: Carnegie Mellon Uni- versity Project: Mario Lemieux Center for Blood Cancers Contractor: Landau Building Co. Architect: Radelet McCarthy Polletta Owner: UPMC & Hillman Can- cer Center continued from page 6C
Trammell Crow Co. & Clarion Ptrs. finalizes Lehigh Valley industrial project
2485 Commerce Center Blvd.
Cardinal Wuerl North Catholic High School
business park that was formerly home to Bethlehem Steel. “The (Lehigh) Valley has seen consistently strong demand for modern, bulk distribution prod- uct coupled with very limited availability on the ground. We are excited to have been able to capitalize on this trend and
we are especially pleased with welcoming Primark to our port- folio.” said Joe Zingaro , asset manager with Clarion Partners. CBRE ’s Joe McDermott represented the tenant while Jake Terkanian and Vincent Ranalli represented ownership in the transaction. n
CATEGORY: Excellence In Craftsmanship – Associate Member Project: Cardinal Wuerl North Catholic High School Contractor: RAMAcoustical Corporation Architect: Astorino Archi- tecture Owner: Roman Catholic Diocese of Pittsburgh Project: Mylan Inc. Corporate Headquarters Contractor: Giffin Interior & Fixture, Inc. Since 1886, MBA contrac- tors have set the standard in Western PA for construction excellence by investing in a skilled workforce, implement- ing award-winning safety programs and offering the best in management expertise. For more information on the MBA, please call 412-922-3912 or visit www.mbawpa.org. n Architect: Gensler Owner: Mylan Inc.
Endurance acquires ind. portfolio for $4.6m
Mellon Square Fountain Rehabilitation
CATEGORY: Excellence In Craftsmanship – General Contractor Project: Mellon Square Foun- tain Rehabilitation Contractor: PJ Dick Incor- porated Architect: Atlantic Engineer- ing Services Owner: Pittsburgh Parks Conservancy Project: Sewickley United Methodist Church
780 and 800 Primos Dr
for investor buyers. The leas- ing velocity for both the vacant suite at 780 Primos Ave. and the fully-available 800 Primos Ave. building has remained strong from the time we first learned of this opportunity up
through present and we feel confident that we will be able to stabilize 800 Primos Ave. and lease up the existing vacancy at 780 Primos in the near-term,” said David Erlbaum , acquisi- tions associate at Endurance. n
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