P ENNSYLVANIA S POTLIGHT C ENTRAL PA
Mid Atlantic Real Estate Journal — Pennsylvania — June 8 - 21, 2012 — 5C
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ARRISBURG, PA — Llenrock Group, an independent advi- Over 100 room hotel, Courtyard by Marriott Llenrock Group secures $9.75 million in financing H
Zellers, Gainor & Sourbeer of NAI CIR handles $3,426,250 office sale
sory firm in Philadelphia, has secured a total of $9.75 mil- lion in permanent financing for a Courtyard by Marriott. The hotel features over 100 rooms and is located outside of Harrisburg, PA. Though it is customary for the lender to re- view the prior 14-24 months of loss/profit data, the lender only reviewed records for the previ- ous 12 months because of the hotel’s strong performance. Andrew Benioff, Llenrock’s Founder and Managing Part- ner, comments, “We weren’t initially focused on Central Pennsylvania, but it has shown surprising fundamen- tals and resiliency over the last few years. That in conjunc- tion with the experience and background of our borrower
Rossmoyne Business Center
Gainor and Jason Sourbeer, all of NAI CIR, handled the transaction. NTP Marble, Inc., a marble counter manufacturer, has leased 8,700 s/f of warehouse space at 768 Corporate Circle, Fairview Twp. Daniel J. Alderman of NAI CIR represented the property owner, Carmen Delerme, in the transaction. ■
LOWER ALLEN TWP., PA – NAI CIR announced the fol- lowing transactions: Linlo Properties VIII, LP, an investment group based in Cumberland County, PA, has purchased the 68,525 s/f, 3 story office building for $3,426,250 milllion at 5001 Louise Dr., Rossmoyne Business Center, Lower Allen Twp, from US Bank, N.A. Robin Zellers, Erik
Courtyard by Marriott
contributed to a successful deal.” Located near the state capi- tol and the Pennsylvania Turn- pike, the hotel also benefits from nearby market drivers such as Hershey Park and Pennsylvania Dutch Country. Llenrock Group is an in-
dependent real estate advi- sory and investment banking firm based in Philadelphia. Through its subsidiaries, Llen- rock Advisors and Llenrock Realty Partners, they provide services in investment sales, direct investment, and struc- tured finance. ■
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