4A — February 13 - 26, 2015 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal Both properties offer redevelopment opportunities Max Spann to auction PA warehouse and hospital

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ENNSYLVANIA — A cold-storage ware- house in Kensington/ Port Richmond neighborhood Philadelphia and a former hospital in the heart of the Marcellus Shale Gas Region in Central Pennsylvania are being sold at auction in March regardless of price. Max Spann Real Estate & Auction Co. has scheduled the Philadelphia auction for March 12 at 1 p.m. on site at 60 East Tioga St. The auction of the former State Hospital for Injured Persons in Tioga County has P

60 East Tioga St. (top) and 520 Ruah St.

To participate, please call Linda Christman at 781-871-5298 x 203 or Email Lchristman@marejournal.com

been scheduled for March 19 at 1 p.m. on site at 520 Ruah St., Blossburg. “Both of these offer tre- mendous redevelopment op- portunity for investors,” said Bob Dann , the executive vice president and chief operations officer of the firm. The 24,344 s/f cold-storage warehouse, the former lo- cation of Colorado Beef, is located on .62 acres in North Philadelphia near Armingo Ave. and Tioga Stations with convenient access to I-95 and the Betsy Ross Bridge. The building has a 7,800 s/f sec- ond-floor office with kitchen, conference and storage rooms as well as a close circuit cam- era security system. The 54,500 s/f former State Hospital for Injured Persons consists of three main build- ings connected by walkways with an attached gymnasium and several out buildings. The former hospital con- tains a commercial Kitchen, newHVAC systems and water and sewer on-sit. It sits on 8.77 acres near Rte. 15 (the future 1-99 corridor), Wells- boro and Williamsport, the Home of the Little League World Series. Mineral and gas rights are included with the property. “The former hospital can be repurposed as apartments, multi-family, a nursing home, assisted living, a school or training facility,” Dann said. Both properties are being sold absolute, meaning they will be sold regardless of price. To take the next step, call 888-299-1438 for the property information package, attend the auction and bid. For more information about this and other Max Spann’s auctions, visit maxspann.com. n

SAVANNAH, GA — Cen- terPoint Properties an- nounced the completion of a built-to-suit container yard for KW International, an inter- national third party logistics provider, at CenterPoint In- termodal Center – Savannah. KW International commenced operations at the 3.14-acre built-to-suit property on Janu- ary 1. JohnNeely and Danny Chase of Colliers Interna- tional represented Center- Point and KW International, respectively, in the transaction. KWInternational’s new facil- ity is four miles from the Geor- gia Ports Authority, adjacent to Highway 307 and within minutes of I-95 and I-16. Facility features include a 900 s/f office, 105 trailer-park- ing stalls and 12 car-parking stalls. n Today’s complex real estate market is more demanding than ever. The stakes are higher and the risks are greater, but so are the potential rewards. Wolff & Samson’s Real Estate, Development and Land Use Group combines experience, creativity and business acumen to skillfully navigate clients rough the multitude of real estate and regulatory issues involved in the acquisition, financing, development, redevelopment, leasing and management of property. Our results-driven, transaction-orient d practice is equipped to take on the full spe trum of real estate legal matters.

Attorneys at Law www.wolffsamson.com

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