Section C of the Mid Atlantic Real Estate Journal

Mickens of CBC Pennco reps seller in 28,900 s/f sale of storage portfolio Beacon Commercial negotiates $4.7m sale of office building & $1.1m sale in Blue Bell, PA


ONSHOHCKEN, PA – Beacon Commer- cial Real Estate LLC

of 526 Township Line Road in Blue Bell. This beautifully con- structed, two-story brick build- ing with 5,259 s/f was built in 2004 by Philameno & Salamone Builders of Plymouth Meeting. The property sold to an undis- closed buyer for $1.1 million who was represented by Ted Gar- rity of Cresa Partners . Gene McHale and Colin McHale had the exclusive listing to represent the seller in this transaction. Beacon sold the Mt. Pocono Mini Storage portfolio in Mt. Pocono. The portfolio consisted of two facilities located in Mt. Pocono and Mountainhome and

is comprised of eight buildings totaling 28,900 s/f on 2.5 acres. Chuck Shields , vice presi- dent of Beacon negotiated the agreement of sale for DS & BH Holdings, LLC , the buyers, and Mickens of Coldwell Banker Pennco Stroudsburg repre- sented the sellers. Chuck is a broker affiliate with Argus Self Storage Sales Network . Gene McHale, president of Beacon, said, “The market is picking up and there are deals out there. We felt the buyers and sellers in these transactions bought and sold great quality properties at fair market prices.” n

sold two office buildings and a self-storage facility during 4th Quarter 2012. The largest sale was 375 E. Elm Street in Con- shohocken. The two-story, 33,000 s/f office building sold to 375 Elm Street, LP for $4.7 million. GeneMcHale , Mike Flynn and Colin McHale represented the seller. With tenants including A. D. Marble &Company, HDR, Inc. and Southwark LLC, the buyer, George Guerra, Sr. was excited to become the new owner. Beacon also completed the sale

375 E. Elm Street

NAI Keystone’s Cole & Willems secure $750,000 sale of 1025 James Drive

275k s/f facility purchased by OCS Logistics A. Hawley of Hawley Realty secures $4.1m sale

MARCH 15 - 28, 2013

READING, PA — NAI Key- stone’s Bryan Cole and Steve Willems handled the sale of 1025

HI-LIGHTS Mericle leases 212,964 s/f of industrial space to Pro-Con

ALLENTOWN, PA — Haw- ley Realty Inc. confirms that OCS Logistics, one of

James Drive in Reading. The property was owned by PBE Compa- nies, LLC a subsidiary of S o v e r e i gn Bank s o l d the property to a local in- vestor. The facil- ity was built in 2008 and consisted of 3 6 , 0 0 0 s / f , wh i c h w a s made up of

the area ’s largest third party logis- tics provid- ers, has pur- chased the former Paris Accessories plant in Al- l e n t o w n .

1025 James Drive

acres, and was formally the cor- porate headquarters and manu- facturing plant for Bright Signs. Bryan Cole and Steve Willems were sole brokers in the transac- tion and were hired by the bank to sell the property which traded hands for $750,000. The assignment was referred to NAI Keystone Commercial & In- dustrial, LLC by the Bill Glad- stone Group of NAI CIR . Bill and his team were instrumental in getting a deal consummated which also proved the power of the NAI Global network . n

added to widen the potential customer base. OCS anticipates an initial employment of more than 50 employees at the facility to service their distribution con- tracts; increased job growth is expected as building modi- fications are completed. Amy Hawley, SIOR , prin- ciple of Hawley Realty, as- sisted both parties in this transaction. n Former Paris Accessories Plant

Bryan Cole

Amy Hawley

NAI Summit’s Adams leases over 180,000 s/f of ind. space 2C

The 275,000 s/f facility situ- ated on approximately 15+ acres, located along I-78 near the Lehigh Street Exit, for $4,100,000 in late 2012. With the addition of this facility, OCS Logistics will operate nearly 1.1 million s/f of temperature controlled space in four distribution fa- cilities serving both regional and national distribution customers. With Sustainability in mind and a focus on environmental core values, OCS Logistics selected, over new construc- tion, to renovate and revital- ize this Allentown facility. Major facility modifications will be made to the building, including raising the roof height from 16 to nearly 30 feet to increase usable cubic capacity for storage and distribution efficiencies; a completely “green” transfor- mation of the building. Re- frigeration systems are being

Steve Willems

31,500 s/f of warehouse/produc- tion and 4,500 s/f of office. The facility was situated on 2.11


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