S hopping C enters N ew J ersey /P ennsylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
www.marej.com
Robin Zellers, SIOR, FRICS, CRE, and Nik Sgagias represent seller NAI CIR sells 271,043 s/f Penn Center office campus in Harrisburg, Pennsylvania
H
property was sold to Penn Center Harrisburg, LP, local investors who operated and
ARRISBURG, PA — Penn Center, located at 2601 N. 3rd St. in
self-managed the property as an office campus. Pennmark Harrisburg Ho l d i ng s LLC is an af- filiate of Pen - nmark Man-
Harrisburg, has been ac- quired by Pennmark Harrisburg Holdings, LLC. The prop- erty was orig- inally home
Robin Zellers
Nik Sgagias
SHARON, PA — MAG Cap- ital Partners acquired two industrial facilities in West- ern Pennsylvania in a sale- leaseback-structured transac- tion with HuFriedyGroup , a global manufacturer of dental instruments, infection preven- tion products, instrument man- agement systems and conscious sedation products. The adjacent proper- ties—534 Vine Avenue (46,106 s/f) and 142 Hickory Street (15,957 s/f) in Sharon—are situated on the Ohio-Pennsyl- vania border just north of the I-80 and I-376 interchange. The 5.06-acre site is a short drive to Akron, OH, to the west and Pittsburgh to the south. In operation for over 116 years, the company has a portfolio of 10,000+ dental products used daily in dental schools and offices, including high-quality instruments, infection prevention and ster- ilization products, and con- scious sedation consumables and equipment. “HuFriedyGroup has excep- tional dental brands built from agement. Based out of Mont- gomery County, Pennmark is a full-service real estate development and management company with retail, office, residential and flex properties throughout the East Coast. Robin Zellers, SIOR, FRICS, CRE, and Nik Sga- gias, of NAI CIR, represented the seller in the transaction. MECHANICSBURG, PA — The retail suite at 33 W.
to the Polyclinic Hospital and grew to total 271,043 s/f throughout three buildings on 6.36 acres. In 2004, the
JUNE 2024
Penn Center
HI-LIGHTS SAGE announces sale of 24-unit Bergen County apartment complex
Main Street in Mechanicsburg has been leased to Jacob Kotel- nick for his comic bookstore,
Krazy Jake’s Emporium. Orig- inally from York, the store will be opening its second location
in May 2024. Bryan Dono- van , of NAI CIR, handled the transaction. MAREJ
MAG Capital Partners acquires Western PA manufacturing facilities via sale leaseback
8B
Diane King joins NITA as dir. of operations
12B
ALSO INSIDE Northern New Jersey....5-8B Pennsylvania..............9-BC-B People on the Move....... 12B
534 Vine Avenue and 142 Hickory Street in Sharon
ber 2021.” Newmark’s JC Asensio, An- drew Sandquist and Briggs Goldberg represented the seller in the transaction. MAREJ
100-plus years of experience,” said MAG Capital Partners principal Dax T.S. Mitchell . “These domestic manufactur- ing facilities are a welcome
addition to our Western Penn- sylvania assets, which include an approximately 66-acre, 345,000 s/f portfolio of critical facilities purchased in Novem-
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