10C — June 8 - 21, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
C ENTRAL PA
ANCASTER, PA—Cush- man&Wakefield’s Phila- delphia-based industrial Blinebury, Balerno, McBride & Campbell rep sellers in 2 transactions totaling 884,000 s/f Cushman & Wakefield’s Blinebury Team arranges over $24m in sales in Lancaster County L
g r o u p h a s orchestrated the sal e o f 2913 Spooky Nook Rd., a 594,000 s/f i n d u s t r i a l building in La n c a s t e r. F o r m e r l y utilized as a
Gerard J. Blinebury Jr.
distribution center for floor- ing products by Armstrong Industries, the facility will be converted into a regional, youth- oriented sports complex by the new ownership.
2913 Spooky Nook
1499 Zeager Road
The seller, which had ac- quired the property from its previous private owner through foreclosure, was represented
by the Cushman & Wakefield team of Gerard Blinebury, Leah Balerno, Pat McBride, and Adam Campbell. New owner
Sports Complex LP, an entity headed by former Auntie Anne’s Pretzels owner Sam Beiler, was represented by Tim Shreiner of
Prudential H.S.G. Real Estate. “We were able to secure the highest and best use buyer, a local investor, after negotiat- ing with several parties who had also expressed interest in redeveloping this asset,” said Blinebury. “After selling Auntie Anne’s Pretzels, the buyer was looking to reinvest back into the community. The availability of 2913 Spooky Nook Rd. provided the opportunity to do just that, and the result will be a vacant building that will be reborn as an important community as- set.” Once the repositioning is com- pleted, 2913 Spooky Nook Rd. will provide a venue for youth and family oriented athletics. The facility may also have a col- legiate athletic component, ac- cording to the new ownership. In other news, Cushman & Wakefield arranged the sale of 1499 Zeager Rd., a 290,000 s/f industrial building in Eliza- bethtown. Prior to the sale, the former single-user facility had been converted to multi-tenant use. The undisclosed seller was represented by the Harrisburg- based Cushman & Wakefield industrial team of Gerard Bline- bury, Leah Balerno, and Pat McBride, and the Philadelphia- based Capital Markets Team of John Plower and Paul Torosian. Buyer Exeter Property Group was represented in-house in the direct deal. Cushman & Wakefield’s “Blinebury Team” including Gerry Blinebury, Leah Balerno, Pat McBride, and Adam Camp- bell two recent Lancaster sales are two of the most significant industrial property sales ever recorded in Lancaster County and they are definitely the largest Lancaster County sales in over five years This team is currently marketing approxi- mately 15,000,000 s/f of existing and proposed industrial space throughout Eastern Pennsyl- vania. ■
9750 Commerce Circle Lehigh Valley, PA
• Total Building Size: 503,423 SF • Available Space: 100,000 - 503,423 SF • Year Built: 2006 • Site Area: 32.1 acres • Leaseable Area: 503,423 SF • Building Dimensions: 1,002’11” x 501’10” • Ceiling Height: 32’ clear Building Highlights
• Office Area: General Office: 2,500+/- SF Warehouse Office: 4,870+/- SF • Column Spacing: 50‘ x 50’ • Loading Format: Cross-dock • Loading Doors: 50 tailgate doors; 2 drive-in doors • Car Parking: 117 spaces
THOMAS J. MEEHAN Regional Vice President DCT Industrial 410-645-5020 tmeehan@dctindustrial.com GERARD J. BLINEBURY JR. Senior Director 215-963-4034 gerry.blinebury@cushwake.com
Owned by
LEAHB. BALERNO Associate 215-963-4024 leah.balerno@cushwake.com
Leased by
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