12C — July 13 - 26, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal
www.marejournal.com
E ASTERN PA
Adams reps both in 25,752 s/f lease renewal Haines of NAI Summit completes $120,000 sale
Mickens of CBC Pennco facilitates 1,100 s/f retail lease Coldwell Banker Commercial Pennco arranges $187,600 sale
E
AST STROUDSBURG, PA — Sp i r o s Bi l i - anis, broker/owner of
Coldwell Banker Commercial Pennco Real Estate based in Stroudsburg, has recently ar- ranged the $187,600 Sale of Lot # 6 Foxmoor Drive, East Stroudsburg. The 3,000 +/- s/f office/retail property is an architecturally unique professional office com- plex with ample on-site paved parking in Marshalls Creek across from Pocono Square Mall at traffic light. Great location and setup for Medical, Insur- ance and professional offices. Former drive through can be enclosed adding additional finished square footage to the building. Spiros Bilianis represented the seller, Summer Glen Part- ners LLP in the sales transac- tion. The buyer, James & Kath- ryn Barchiesi were represented by Weichert Acclaim. STROUDSBURG, PA — Te- PHILADELPHIA, PA—Repre- senting ADR North American L.P., the owner of 121 South Broad Street, PernaFrederick Commercial Real Estate has negotiated two office lease agreements for approximately 13,240 s/f of space having a combined aggregate rental exceeding $1.1 million. In the first agreement, Joe Viturello, a senior associate at PernaFrederick, represented the building owner and Ste- phen Perna, a principal of the real estate firm, represented the law firm of Pasquarella, Kunnel & Pomo and Paul Kahn, P.C., in its relocation from 230 South Broad Street to approximately 6,610 s/f on the 18th floor of 121 South Broad. In the second transaction, Vi- turello represented the build- ing owner in the extension of a lease for 6,610 s/f occupied by Mitchell &Ness Nostalgia Co., the sports licensing division of Adidas Group, LLC, known for its authentic throwback jerseys and jackets, as well as other nostalgic athletic ap- parel. Thomas Weitzel, a broker with Jones Lang LaSalle, cooper- ated with PernaFrederick and represented Mitchell & Ness Nostalgia in negotiating the renewal for the entire 4th floor of the 21-story building. ■
Route 309
Lot # 6 Foxmoor Drive
resa Mickens, CCIM of Coldwell Banker Commercial Pennco Real Estate based in Stroudsburg, has recently arranged the 1,100 s/f Lease for $1100 per month for 5 years located at Stroud Com- mons Plaza, Suite 12, 7400 Rte. 611, Stroudsburg. The retail space consisting of 1,100 s/f will be occupied by
Professional Hearing Solutions, LLC. Teresa Mickens, CCIM facilitated this transaction on both sides. Professional Hearing Solu- tions, LLC will be joining Mei- neke Muffler, Youngs Medical Supply, TCYB, Crystal Vision, and Retina Care to name a few. ■
PernaFrederick Comm’l. Real Estate brokers two office leases totalling 13,220 s/f
7036 Snowdrift Road
SCHNECKSVILLE, PA — Jay Haines of NAI Summit recently represented both
Allentown, PA. The tenant is Praxair Distribution, Inc., the distribution arm of Praxair. For more information, visit www.praxair.com. The build- ing owner is Denholtz Associ- ates. Denholtz, a commercial and industrial development company, is based in New Jersey. In the second transaction, Adams represented the build- ing owner, Denholtz Associ- ates, in a lease for 9,600 s/f of warehouse space at 969 Postal Road in Allentown, PA. The tenant is Level 3 Communica- tions, Inc., an international communications company. In the third transaction, Adams represented both the tenant and building owner in a lease for 2,000 s/f of of- fice space at 1301 W. Gordon Street in Allentown, PA. The tenant, Our Little Einsteins, is a daycare facility. The own- er is Boas Surgical Center. In the fourth transaction, Adams represented both the tenant and building owner in a lease for 14,242 s/f of ware- house space at 3000 Emrick Blvd., in Bethlehem, PA. The tenant is the Pennsylvania Li- quor Control Board. The LCB intends to use the building for distribution to commercial customers. ■
t h e b u y e r and seller in a land sale of approximate- ly a half acre along Route 309 in Sch- necksv i l l e . The sale price of the trans- act ion was $120,000.00. The buyer, Ashley Mo- t o r s , I n c . , recently re- located from Hellertown, PA t o the new site in
Jay Haines
Michael Adams
Schnecksville for continued use as a used car lot. Ashley Motors has been in business for 35 years. ALLENTOWN, PA — Mi- chael Adams of NAI Summit recently leased over 50,000 s/f in four separate transac- tions throughout the Lehigh Valley. In the first transaction, Adams represented both the tenant and building owner in a 5-year lease renewal of 25,752 s/f of warehouse space at 7036 Snowdrift Road in
121 South Broad Street
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