2-10-12

30A — February 10 - 23, 2012 — Pennsylvania — Mid Atlantic Real Estate Journal

www.marejournal.com

E ASTERN PA

LLENTOWN, PA — NAI Summit recently represented both par- Crampsie represents owner in 58,460 s/f office lease NAI SUMMIT closes $1.2 million deal in Allentown A

ties in the sale of 3975 Town- ship Line Road, Allentown (pictured right). The sale price of the transaction was $1,200,000; the building includes 15,912 s/f of office space. The buyer, Access Services, Inc., is a non-profit organiza- tion which provides support services to individuals with special needs. The seller, LafayetteAmbassador Bank, is a community bank serving Lehigh and Northampton counties. In addition in other recent transaction news, NAI Sum- mit has recently completed the following lease transac- tions: John Crampsie, principal at NAI Summit, recently rep- resented the building owner in the lease of 58,460 s/f of office space at 1550 Pond Road (Winchester Plaza), Allentown. The transaction is a lease renewal for the current tenant, Aetna. Aetna is a national leader in health- related benefits, including health, dental, pharmacy, group life, and disability insurance. Michael Adams of NAI Summit recently represented the owner, HAF, Inc., in two

a section of the Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299 MARE journal.com Pennsylvania Real Estate Journal

transactions totaling over 6,000 s/f. The first transac- tion was the leasing of 2,373 s/f of warehouse space at 2438 Emrick Blvd, Bethle- hem. The second transaction was the leasing of 4,500 s/f of office space at 2524 Brodhead Road, Bethlehem. Michael Adams of NAI Summit has also recently rep- resented both the owner and the tenant in leasing 16,800 s/f of warehouse space at 969 Postal Road, Allentown. The tenant, Fiber Focus, is a com- munications subcontractor. The owner, Denholtz Associ- ates, is a commercial real es- tate developer and property management company based in New Jersey. Matthew Dorman of NAI Summit recently represented the owner in subleasing 17,000 s/f of office space at 3450 High Point Blvd (Le- high Valley Corporate Cen- ter), Bethlehem. ■

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Section Publisher Elaine Fanning efanning@MAREJournal.com

Section Editor Rachel Rugman editor@marejournal.com

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CONSTRUCTION UNDERWAY!

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