Mid Atlantic Real Estate Journal — Pennsylvania — February 10 - 23, 2012 — 45A
www.marejournal.com
E ASTERN PA
FOUR COMMERCIAL/INVESTMENT PROPERTIES 1717 Stefko Boulevard, Bethlehem PA
NAI Mertz announces 28,000 s/f industrial lease NAI Mertz’ Licht & Lashner lease 34,000 s/f in Eastern, PA
M
O N T G O M E R Y COUNTY, PA—NAI Mertz, Realtor, an-
nounced 2 lease transactions completed in Montgomery County, PA. In the larger of the two, Graduate Plastics, Inc. has expanded their com- pany fromFlorida and Illinois to now occupy 28,000 s/f of industrial space located at 1000 North Cannon Avenue in Lansdale, PA. This trans- action between the tenant and Freedom Properties (aka Stoltz Management of Dela- WEST CHESTER, PA – Slamm Creative, an innova- tion and technology company, led by brothersAntony and Leo Daiuto, has committed to lease space at Lincoln Independence Park inWest Chester. The new space is 2,700 s/f and will serve the company’s office, R&D, and warehouse needs. In addition and with the as- sistance of Mary Fuchs of the Chester County Economic De- velopment Council, Slammhas BETHLEHEM, PA — Diet- rick Group, LLC leases 1,000 s/f of office space to Lehigh Val- leyMagazine at 65 E. Elizabeth Avenue in Bethlehem. Dietrick Group’s Kelly L. Berfield represented the land- lord, Diversified Capital in the transaction while Lucy H. Len- non, also with Dietrick Group, represented the tenant, Lehigh Valley Magazine. 65 E. Elizabeth is located at the northeast corner of E. Elizabeth and Center Streets in Bethlehem, a prime location for medical and professional office users. Approximately 27,000 s/f remains in the building; vari- ous suite sizes are available. ■
·9,372 s/f retail/showroom building ·At a signalized intersection among established retailers ·Off street parking spaces accessed by two means of ingress/egress ·Located on the growing Stefko Blvd., corridor ·21,000+ average daily traffic count and serves a public bus route ·Sale Price: $1,549,000 3320 Hamilton Boulevard, Allentown PA
Absolute Home Mortgage
ware, Inc.) was completed by Adam Lashner, VP at NAI Mertz. Absolute Home Mortgage will occupy 6,361 s/f of office space located at 2600 Philm- qualified for state tax credits and other incentives through the Keystone Innovation Zone (KIZ) program. The KIZ pro- gramwas established to attract and support life-science, bio- technology, and information technology businesses. Chuck Swope, CCIM of Swope Lees Commercial Real Estate facilitated the transac- tion between Slamm and the property owner, Lincoln Park Partners, L.P. The new flex
ont Avenue in Huntingdon Valley. The transaction be- tween tenant and landlord, Toll Management Company, was completed by Jeffrey Li- cht, SIOR, Sr. VP at Mertz. ■ space will allow Slamm to expand its services and add skilled jobs. Lincoln Independence Park, developed by local business- men Bob Casciato and Senya Isayeff, is a new 181,000 s/f flex industrial park inWest Goshen Township. Units are available for sale or lease in 2,700 s/f in- crements and feature separate utilities, assigned parking, and drive-in or loading dock access, among other features. ■
Swope of Swope Lees facilitates 2,7000 s/f lease
·Two suites available ·1,500 s/f & 3,132 s/f ·On site parking ·Public utilities ·Easy access to I-78, 22 & 309 ·Competitive Lease Rate and Sale Terms Considered 2040 W. Hamilton Street, Allentown PA
Dietrick Grp. leases 1,000 s/f space to Lehigh Valley Magazine
·6,552 s/f ·Single story office/showroom ·High end office upgrades ·Public utilities ·Easy access to I-78, 22 & 309 ·Sale or Lease Terms Offered 4144 W Tilghman Street, Allentown PA
65 E. Elizabeth Avenue
Building relationships one story at a time. NAI Summit Property Management.
Here’s Dr. Fogarty’s story: “My Partners kept complaining that they and their patients weren’t comfortable. The building was too cold in the winter and everyone was freezing. In addition to unhappy occupants, our energy costs were significantly increasing. We turned to our building’s property management team at NAI Summit for help. Because of their many years in the business and strong relationships with the area’s top vendors, NAI Summit recommended working with a local HVAC company to perform a total system assessment and energy audit. Results of the audit suggested some system modifications and upgrades with a price tag of $104,000.00 and a projected payback of 3.9 years. After NAI Summit provided us with all the tools to make an educated decision, we agreed to move ahead with the project. In the first year, our utility bills were reduced by $50,591.00; making payback possible in only 2 year’s time, and my partners were satisfied, comfortable and grateful.” – Dr. Kevin Fogarty, Managing Partner, Bethlehem Medical Arts, LP
·1,750 s/f unit available ·Display windows, double door ·Individual tenant entrance ·Sprinklered, ADA compliant ·Within 1/2 mile of Rt. 309 ·Lease Terms Offered
Visit www.naisummit.com to see where we can help you today.
CommercialRealEstateServices,Worldwide. Summit
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610 264 0200 • Lehigh Valley PA
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