M id A tlantic Real Estate Journal — July 28 - August 10, 2017 — 3A
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M id A tlantic R eal E state J ournal Woflson of NAI Geis Realty represents Gym Jam in over 4000 s/f lease TDK Commercial Advisors announces over $4.95 million in new transactions
hiladelphia, PA — Thomas Kram- er , president of TDK C o mm e r - cial Advi- sor s (TD- KCA) , an- nounces a se- ries of newly c omp l e t e d office leases on behalf of several cli- ents in Penn- sylvania. TDKCA represented Roch P Thomas Kramer The Fallon Co. acquires 301 South McDowell Street Charlotte, NC — The Fallon Company announced its acquisition of 301 South McDowell St. in Charlotte. The 13-story, 184,144 s/f, multi-ten- ant office building will serve as The Fallon Company’s South- east regional headquarters, broadening the company’s pres- ence in the region and Char- lotte market. “Given Charlotte’s strong eco- nomic forecast, commercial and residential urban remigration, and central regional location, we plan to continue making significant investments in this market,” said Michael Fallon , chief investment officer of The Fallon Company. 301 South McDowell St. sits at the nexus of Uptown and Midtown, offering convenient access to a highly sought-after amenity base surrounding The Metropolitan, inclusive of a diverse array of restaurants, re- tailers, parks, newly construct- ed luxury apartments, and the Little Sugar Creek Greenway. The building also benefits from a wealth of economic activity stemming from its proximity to Uptown, the neighboring Meck- lenburg County Courthouse, and key hospitality assets in the Sheraton and Le Meridien. From both Uptown and I-277, 301 South McDowell St. is a highly visible, prominent as- set in Charlotte’s fast-growing urban landscape. The building is ideally located in Uptown Charlotte’s re-surging Second Ward, a thriving urban enclave poised to enhance Midtown’s connectivity to Uptown and promote a walkable “live, work, play” ecosystem. Terms of the deal, which was negotiated by Holliday Feno- glio Fowler, L.P. (HFF) , were not disclosed. n
Capital at the King of Prussia Business Center in leasing more than 11,000 s/f to the In- ternational Ministries at 1003 West 9th Ave. The non-profit organization will occupy the space before year end, for ad- ministrative offices. The lease had a value of over $2.4 mil- lion. Also at the King of Prus- sia Business Center, TDKCA represented the ownership in leasing over 4,000 s/f to Gym Jam, a state of the art learning center serving children with autism and other related spe- cial needs and their families in the Greater Philadelphia
area. TDKCA completed a third lease with CNNH, a regional organization that works with children suffer- ing from autism. Both leases have a combined value of over $600,000. Kramer remarked that “The King of Prussia Business Center continues to attract quality tenants as King of Prussia itself is becoming an even hotter market in which to relocate. Added infrastructure and amenities in the area and affordable rental rates com- bine to make King of Prussia a tremendous value for office space.” The International
Ministries was represented by Patrick Nowlan of New- mark Grubb Knight Frank ; CNNH was represented by Scott Williams of Avison and Young ; Gym Jam was represented by Paul Woflson of NAI Geis Realty . At 1 Chelsea Parkway, Boothwyn, TDKCA repre- sented SJS Realty in leasing 10,000 s/f to Amerisans, who will relocate their corporate headquarters to the site. Am- erisans executed a long term lease valued at over $700,000. TDKCA acted as sole broker in the transaction.
TDKCA represented AMC Delancey in leasing 5,800 s/f to Women In Transition, a non-profit organization based in center city Philadelphia. The group will relocate to the 4th floor in September 2017, and completed a long term lease valued at more than $1.2 million. Kramer further commented that “TDKCA continues to provide regional and national landlords with expert con- sulting services, and strate- gies, which yield strong leas- ing activity throughout our portfolio.” n
PUBLIC AUCTION
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