P ENNSYLVANIA
S HOPPING C ENTERS
Section B of the Mid Atlantic Real Estate Journal
Adams of JCP completes $4m+ in deals Jackson Cross Partners assists in $2.5m purchase
Devenney of High Assoc. assists in trans. NAI Comm’l. Partners reps buyer in $2.5m sale MOUNTVILLE, PA —
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OLLEGEVILLE, PA – Jackson Cross Part- ners (JCP) recently com-
NAI Commercial Part- ners, Inc. , of Lancaster an- nounces the sale of 62,500+/- s/f single story office building on 11.30 +/- acres, located at 3700 Hempland Road, Mountville, West Hemp- field Township for a price of $2,500,000. Bethanie S. Mackley of NAI Com- mercial Partners, Inc. rep- resented the buyer, Salis- bury Real Holdings III, LLC and Ruth Devenney of High Associates, Ltd , represented the seller, Don- nerville Associates . An operator of private schools for children with special needs hopes to open a school in West Hempfield
LEMOYNE, PA — Art Camp- bell of Campbell Commercial Real Estate, Inc. brokered the sale of t h e m i x e d use office/re- tail building a t 1 Lem- oyne Square in Lemoyne, to Lemoyne Square As- s o c i a t e s , LLC . The 20,000 s/f building sold for $2,075,000. The property is fully leased with Partners in Women’s Kenco Hydraulics Inc.’s owner Ken Veit opted to utilize Adam’s hefty expertise in the location, ne- gotiation, and purchase of a new facility to house Kenco’s growing operation under one roof. “The new building is a short distance from our current location, meets the specifications I was looking for, and has the ability to expand with us as we grow,” said Veit. Many initial site options fell short of Veit’s requirements, so the successful purchase of the new facility at 2280 Amber Drive in Hatfield, PA was a positive move for the company’s expansion. The deal was finalized at $1.55m or $38.63 psf. n Art Campbell other stone products,” said Armin Deutsch of Cosentino.
pleted more than $4m in purchase transactions and a long-term lease deal in the greater Philadelphia area. Nick Adams , JCP broker, re- cently assisted Williams Form Engineering Corporation (WFE) in a $2.5m purchase deal on a 30,000 s/f build-to-suit project on 3 acres at the Iron Bridge Busi- ness Park in Collegeville. Adam’s search led to the Business Park, which is owned and developed by Gorski Engineering . The project is slated for completion in January 2013. In addition, Adams handled Cosentino North Americas’ site
3700 Hempland Road
Township as part of a nearly $4 million project. It will spend another $1.4 million on renovations, including creating classrooms and play areas, to convert most of the space into a school. The school’s opening, is subject to New Story obtaining state Department of Education licensing for the location. n
2280 Amber Drive
selection and lease negotiation on a 32,000 s/f showroom and distri- bution facility at 121 Greentree Rd. in Phoenexville, PA. “The Greentree facility will attract designers, contractors, and con- sumers who want to be able to see, touch, and interact with our Silestone™ natural quartz and
Campbell of Campbell Commercial Real Estate brokers $2.075m sale
NOVEMBER 9 - 22, 2012
HI-LIGHTS
ROCK Comm’l. reps buyer & seller in $415,000 whse. sale
CBWVentures, LLC bought a 16,542 s/f warehouse on 0.46 acre for $415,000 at 730 North Franklin Street in York, in York City. ROCK Commercial Real Estate represented both the buyer and the seller in this transaction. See page 2B. Cummins Power Systems LLC has recently leased 120,000 s/f of distribution space at 8051 Allentown Boulevard, Harrisburg, West Hanover Township, Dauphin County. See page 3B.
1 Lemoyne Square
Healthcare, a large Central Pennsylvania obstetrical and gynecological group occupying over half the building. The other
tenants include The Playhouse Café, Mani & Pedi Spa, Ella Health, Womb with a View and Subway. n
Grace of Landmark Comm.’l reps landlord in 120k s/f lease
ALSO INSIDE:
P EOPLE & C OMPANY N EWS ............................................. IC-B PA P ROJECT N EWS .............................................................1B PA’ S P REMIER P ROPERTIES S POTLIGHT ........................ 5-10B CREW L EHIGH V ALLEY ...................................................12B
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