14B — May 20 - June 16, 2022 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
EST CHES - TER, PA — Rich Weitzman , a senior W 120,000 s/f dealership sits on 10 acres in West Chester Colliers Weitzman concludes sale of Mercedes-Benz property
CRE professional brings 27 yrs. of experience Lee & Associates of EPA hires Christine
the Asset Services platform in Central Pennsylvania and Northern Maryland. Christine brings more than 27 years of diversified commercial real estate experience to this new position, having worked for a variety of prominent institu- tional and third-party manage- ment firms over that time. In his most recent role Christine was responsible for a 13 million s/f commercial portfolio, with as- sets located throughout Central Pennsylvania. “Mark has extensive expe- rience managing commercial real estate portfolios for insti- tutional owners and regional investors, and his compre- hensive knowledge of asset management protocols makes him a valuable addition to our team,” said Bruce Gordon , principal of Lee & Associates. “His vast industry knowledge, strong regional relationships, and entrepreneurial mindset are consistent with our corpo- rate mission and approach. We have tremendous confidence in his abilities and see him as an ideal fit for our team.” “I’m thrilled to join Lee & Associates and continue to expand an already broad and diverse portfolio of managed assets,” said Christine. “I look forward to adding my exper- tise to the existing platform, providing best-in-class service to clients, expanding existing relationships and fostering new opportunities.” MAREJ PernaFrederick arranges 15,478 s/f office space lease PHILADELPHIA, PA — The Utility Emergency Servic- es Fund expanded their office space at 1608 Walnut St. The expansion and renewal of this 15,478 s/f office space is situ- ated amongst the 5th, 6th and 7th floor of the 19-story build- ing. This expansion allowed them to double their square footage leased in the building. PernaFrederick represented the landlord while Tactix Real Estate Advisors handled the negotiations for the tenant. The Anti-Violence Partner- ship of Philadelphia plans to relocate to West Philadelphia in July of this year to bet- ter serve the community and neighborhood. This relocation will take up 6,600 s/f of the 36,720 s/f offered at 4946-50 Parkside Ave. The company will occupy the entire 5th floor of this 6-story structure. MAREJ
MECHANICSBURG, PA — Lee & Associates of Eastern Pennsylva -
nia , a fully- integrated commercial real estate brokerage and manage- ment firm, today an- nounced the strategic hir-
vice president with Col - liers , recent- ly arranged the sale of the Mercedes- Benz of West Chester prop- erty in West Chester.
Mark Christine
Rich Weitzman
ing of Mark Christine as se- nior portfolio manager for the group’s asset services team. Christine will be based out of the firm’s Mechanicsburg of- fice, and will focus on growing
The modern auto dealership facility of 120,000 s/f sits on 10 acres along Rte. 202. The pur- chaser was Piazza Auto Group. The seller was Capital Auto-
Mercedes-Benz
motive of McLean, Virginia, a private real estate investment
trust represented by CBRE in the transaction. MAREJ
SOLD
SOLD
SOLD
267 UNITS / 715 BEDS STUDENT HOUSING UNIVERSITY OF SYRACUSE - SYRACUSE, NY
1,200 UNITS SELF STORAGE GRAYS FERRY - PHILADELPHIA, PA
81 UNITS QOZ DEVELOPMENT SITE CHINATOWN - PHILADELPHIA, PA
SOLD
SOLD
SOLD
281 UNITS / 309 BEDS MARKET RATE UNIVERSITY CITY - PHILADELPHIA, PA
297 APARTMENTS / 107 TOWNHOMES 27,000 SF COMMERCIAL MARKET RATE NORTHERN LIBERTIES - PHILADELPHIA, PA
31 APARTMENTS MARKET RATE OLD KENSINGTON - PHILADELPHIA, PA
SOLD
SOLD
SOLD
300 UNITS / 780 BEDS STUDENT HOUSING STATESBORO, GA
401 BEDS / 300 APARTMENTS STUDENT HOUSING USF - TAMPA, FL
21 APARTMENTS MARKET RATE BETHLEHEM, PA
$400M+/- Closed So Far in 2022.
Investment Sales Team
Home Office 107 S. 2nd Street, 4th Floor Philadelphia, PA 19106 ph. 215.454.2852 info@rittenhouserealty.com
Ken Wellar, Managing Partner Corey Lonberger, Managing Partner Mark Duszak, Director Jeffrey Goldstein - NY BOR 9110168 Rodney Henson - FL BOR BK3514545
Luke DeLuca, Vice President Alan Krawitz, Senior Associate Douglas Sitt, Student Housing Specialist Jennifer Stein - GA BOR H66414
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