8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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We are Looking for Professional
Articles for our upcoming issues!
For More Information check
www.Bryanecole.com or email us at
610.370.8502
STRAIGHTFROMTHE NAI BLOG
67,000Sq.Ft.
IndustrialFacility
Sale
NAIKeystone,with
theassistanceofReadingEagle,Read
ingAreaCommunityCollege,Steve
BuckofStevens&Lee,andGeoff
StoudtofKozloffStoudtfinalizeda
dealtosell/purchasethefacilitylo
catedat201S.FrontStreetindown
townReading.
In This Issue1 Straight from the NAI Blog1,4 Featured Article2 New Listings3 Industrial Listings
3 Current Requirements4 Resources4 Lease Types5 Industrial Listings Cont.6,7 Real Estate Listings Map8 Featured Property9 Sale-Leasebacks Article10 Office Listings11 Office Listings Cont.12 Land and Investments13 Bryan Cole Resume
The fourth quarter of 2009 was a slowand painful period for office space in theGreater Reading Market. Vacancy ratesincreased throughout the county as com-panies were downsizing, relocating tosmaller spaces, or closing operations.The market faced challenges in the 4thquarter with Class A building vacan-cies increasing from 7.5% to 10%,mainly due to the increased developmentand softening demand at the higher price
points, along with stiff competition fromaggressive landlords. Class A build-ings have typically been a safe sector inthe marketplace because of low inven-tory; however with new developmentscoming on line, and companies lookingfor lower rents the Class A sector isseeing less demand, greater competitionand more vacancy.
The Class B sector experienced thesame issues in the 4th quarter 2009 as didClass A due to the economic condi-
tions. Vacancy rates increased mildlyfrom 13.4% to 14% while rental ratesdipped more than 10%. Base rateswithin this sector range from $8-9 persquare foot and topping out at $12-13per square foot with gross rates comingin around $15-16 per square foot.Downtown City of Reading vacancyrates continue to increase in late 2009with rates rising 14.5% to 17.5% withmuch of the vacancy surrounding largeblocks of contiguous space.
2010 is showing some signs of hope,with new leases and deals being con-summated including the 175,000 squarefoot Acute Care Center that was built bythe Reading Hospital and Medical Cen-ter in Wyomissing, a 32,000 square footnewly executed lease with a medical
user in Wyomissing and a 10,000 squarefoot lease signed in Wyomissing. Thesedeals are from companies within theCounty, however by adding to their over-all presence they are reducing the amountof space currently on the market.
Deals are getting done because landlordsare reacting to current market conditions,which means companies are getting fa-vorable incentives, such as introductory
rates, rent abatements and additional ten-ant improvements. Also, landlords arenow offering tenant improvements andincentives to keep their existing tenants.
Continued on Page 4
Providing information and resources for the area's business and commercial real estate decision makers.
Greater Reading
Mar/Apr 2010A Publication by Bryan E. Cole of NAI Keystone Commercial & Industrial, LLC
8,000Sq.Ft.and
3,500Sq.Ft.
MedicalLease
NAIKeystone,withtheassistanceof
KinsleyConstructionandtwoseparate
brokeragefirmsleasedspacetotwo
MedicalUsersattheWyomissingCor
porateCampus. SleepApneaSolu
tionsand
Dr.
Deibert
leased
the
Space.
ThepropertyisaOfficeCampusjustoff
StateHillRoadinWyomissing.
PROPERTYOFTHE MONTH
www.BRYANECOLE.com
Greater Reading Office Market Report: 4
th
Qtr 2009 to 1
st
Qtr 2010By Bryan Cole and John Buccinno
MeridianDevelopment
WyomissingPA19610PrimeCondoopportunityinSpringRidge
Section. Suitesfrom2,500SFto70,000
SFAvailable. NewDevelopment.
SALEORLEASE
SeePage8
Mar/Apr 2010
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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BuildtoSuit,811WilliamLane,ReadingPA16,000Sq.Ft.BuildtoSuitopportunityadjacentto811Wil
liamLane.Approvedplansforoffice/flexstylebuilding. SALE
ORLEASE
525LancasterAvenue,ReadingPA
110,000Sq.
Ft.
Shell
Building
ready
for
renovation.
Sits
on
3.8
acreswith524offstreetparkingspaces.Multipleusesallow
ableperzoning. SALEORLEASE
811WilliamLane,ReadingPA19603
23,500Sq.
Ft.
Office
Building
located
on
3acres
in
north
Read
ing.7,500Sq.Ft.availableonthesecondfloor,plusa16,000
Sq.Ft.BuildtoSuitOpportunity.SALEorLEASE
501CrescentAvenue,ReadingPA37,997Sq.Ft.Office/Flexusebuildingon2.34acres.6,000Sq.
Ft.ofwarehouse/flexspaceavailable.CurrenttenantsarePA
CareerLinkandPapaJohnsPizza. SALEORLEASE
Contact Us Today!
Bryan E. Cole @ 610 370 8502
2
PLACE YOUR PROPERTY HERE
NEW LISTINGS
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
210GeorgeStreet,MuhlenbergPA1960537,500squarefootmultitenantedofficebuildinginthe
ReadingsuburbofMuhlenbergTownship,BerksCounty,PA.
Divisibleto1,500SF.HighProfileLocation. SALEORLEASE
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8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
4 Featured Article cont.
Class A vacancy so far in the firstquarter of 10 has remained stabilewith current rates ranging from$15.50 - $16.75 (Triple Net) on thehigh side; however there is consider-able downward pressure on pricingwithin this segment that is just begin-
ning to be noticeable.
Class B vacancy rates remainedsteady, but pricing is all over theboard due to aggressive incentivesand introductory rates offered bylandlords. Pricing is currently in the$8.00/sf - $12.50/sf and we believethis will continue into the foreseeablefuture, especially since a large blockof space has recently come on themarket due to a major relocation.Recent absorption has come mainly
from expansion of operations bycompanies already in the market, twonotable leases were a 32,000 squarefoot medical user and a 8,500 squarefoot utility.
Downtown City of Reading, althoughhas seen some new deals consum-mated, like the Greater ReadingChamber of Commerce, Greater
CheckoutourNewPropertySpecificWebsites(MoreComingSoon)
www.SpringCorporateCampus.Bryanecole.com
www.WyoCorporateCampus.Bryanecole.com
www.PremiumBusinessCenter.com
www.1MeridianBlvd.Bryanecole.com
www.101southcentreavenue.bryanecole.com
ManyMore...
Featured Marketing Items
2010 Global Market Report - GlobalMarket Information
Commercial Real Estate Newsletter -
All information and archives can befound on www.BryaneCole.com
Berks Development Fund and BerksEconomic Partnership leasing spaceat 201 Penn Street the market re-mains flat due to these companiescoming from existing space withinthe City. Buildings that have seenvacancy for some time, including 645
Penn Street and 501 WashingtonStreet are starting to show some signsof hope due to new management andownership changes taking effect.Owners and tenants are continuing tostruggle with high parking costs andsecurity concerns, which are continu-ing to be addressed by a committedCity Administration.
The suburban market has been flat onthe sale side, due to the continuedeconomic conditions as seen in early
2009 along with difficulty obtainingfinancing. Most of the transactionsare occurring with owner/users withestablished and well capitalized busi-nesses or from deals being consum-mated due to creative financingwhere by owners are holding backsecond mortgages or financing pro-jects outright. Pricing has remainedfairly steady with reduction in value
occurring mostly in the City of Reading.
The City of Reading and economic developmentgroups have been working hard to improve andrevitalize Downtown which shows in the numberof projects underway. The new IMAX Theater andthe nearly completed addition to the Reading Eagle
Headquarters in the CBD are welcome entrants tothe market and kick off a multi-million dollar mainstreet corridor project that includes a new $67 mil-lion Doubletree hotel and garage project acrossfrom the Sovereign Entertainment and Expo Cen-ter. This will help attract a more vibrant restaurantand entertainment segment with increased ameni-ties and ultimately assist to bring tenants backdowntown while decreasing vacancy rates andincreases in the tax base.
The Greater Reading Area offers affordable rentswith good amenities and a well educated work
force. The residential market has remained stableeven in these most troubling times with below av-erage declines in home prices. The desirable bed-room communities along with excellent schoolsmakes the area a good location to raise familiesand run businesses.
By Bryan Cole and John Buccinno
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
DEALSAND HIGHLIGHTS
NAI Keystone, with the assistance ofKinsley Construction,and an outside broker leased space to Sleep Apnea Solutionsat The Wyomissing Corporate Campus. Sleep Apnea Solutionsleased approximately 8,000 sq. ft. of Space. NAI Keystone wasthe landlords representative in the transaction. The property is aOffice Campus just off State Hill Road in Wyomissing.
NAI Keystone, with the assistance ofKinsley Construction,and an outside broker leased space to Dr. Deibert at TheWyomissing Corporate Campus. Dr. Deibert leased approxi-mately 3,500 sq. ft. of Space. NAI Keystone was the landlordsrepresentative in the transaction. The property is a Office Cam-pus just off State Hill Road in Wyomissing.
Kinsley Construction, Metropolitan Management and NAIKeystone handle 36,000 Sq. Ft. office lease to an un-namedparty. The facility will be built within the WyomissingCorporate Campus. The site will continue to have 100,000 +Sq. Ft. for lease. Thank you to Kinsley Construction andMetropolitan, and the End User for their help in this transac-
tion.
NAI Keystones Bryan Cole has completed $14 Million Dollarsworth of new leases in the 1st quarter of 2010. Thank you to allor our clients and tenants for their help.
For More Information about Recent Deals and Highlights
please check http://bryanecole.com/comapnynews.html or
join our mailing list for updated information and news.
Check out the new www.Bryanecole.com withimproved Property Search and Map Search
Functions.
5 Real Estate Listings Map
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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6 Real Estate Listings Map
Office Property
Industrial Property
Commercial Property
Investment Property
Land & Sites
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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7 Real Estate Listings Map
Commercial City PropertyName
426PennAvenue WestReading
428PennAvenue WestReading
430PennAvenue WestReading
500PennAvenue WestReading
502PennAvenue WestReading
511ReadingAvenue WestReading
5306AllentownPike Temple TemplePlaza
BeechStreetProperty Pottstown
Land City GroundType
201FrontStreet Hamburg RetailGround
301GoldenOaksDrive WhiteHaven ResidentialApproved
Ground
2370Bernville
Road
(183)
Bernville
RetailGround
725HexHwy Hamburg ResidentialGround
I84,PikeCounty PikeCounty IndustrialGround
Rt.724 Birdsboro ResidentialApproved
Ground
UnionStreet Pottsville RetailGround
3MeridianBlvd Wyomissing OfficeGround
Investments City InvestmentType
201FrontStreet Hamburg IndustrialTenant Sal
Leaseback 15YrNNN
1NorwegianBlvd. Pottsville OfficeBuilding Fully
Leased
Rt.901 Minersville RetailStripCenter
700LancasterAvenue Reading OfficeBuilding
501CrescentAvenue Reading OfficeBuilding
OfficeBuildtoSuit NotDisclosed MedicalFacility 15Y
LeaseNNN
Office City PropertyName
1MeridianBlvd Wyomissing MeridianBuilding
3MeridianBlvd Wyomissing MeridianBuilding3
1075BerkshireBlvd Wyomissing
2001StateHillRoad Wyomissing ExecutivePark
2755CenturyBlvd Wyomissing CenturyBlvdPark
2758CenturyBlvd Wyomissing CenturyBlvdPark
1030ReedAve Wyomissing WyomissingCorporateCampus
10HearthstoneCt. Exeter
3970PerkiomenAve Exeter ExeterRidge
roquoisAve SinkingSpring HoffmanIndustriesOfficePark
101S.CentreAve Leesport FormerBrickelsFacility
400W.LancasterAve Shillington
850GoldenDr Blandon MaidenCreekPlaza
201PennStreet Reading GatewayBuilding
777CourtStreet Reading BerkshireTowers
50North4thSt. Reading WashingtonTowers
501WashingtonSt Reading BerkshireBuilding
210GeorgeStreet Muhlenberg MuhlenbergPlaza
Industrial City PropertyName
30North3rdStreet Womelsdorf FormerDoubleHBoot
Facility
171TuckertonRoad Muhlenberg FormerPowerPckg
Warehouse
1055CrossRoads Muhlenberg FormerPowerPckgPlant
1157ArnoldRoad Muhlenberg AirportIndustrialPark
201S.FrontStreet Reading FormerReadingEagle
Facility
2018N.11thStreet Reading
3001St.LawrenceAve Exeter GoodwillBuilding
330N.WyomissingAve Shillington FormerGoodwillIndustries
725Hex
Hwy
Hamburg
Former
West
Side
Wood
Pro.
1298KeystoneBlvd Pottsville FanelliWarehouse
1070CentreTurnpike Orwigsburg FormerMRDLumber
1584BuntingStreet Minersville FormerKaneSteel
811 William Lane Reading Wesco Warehouse Facility
525LancasterAvenue Reading
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Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
8 Featured Property
SpringRidgeCampus
3MeridianBlvd,Wyomissing
PA19610
Single
Story
Prime
Office
or
Medi
calBuildings inWyomissingPA.
64,400Sq.Ft.CorporateCampus.
CondoSaleOpportunities
BuildtoSuitAvailable
ProfessionallyManaged
PROPERTYOFTHE MONTH
Building 1A: 12,400 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For LeaseBuilding 1B: 16,600 Sq. Ft. - Divisible to 3,000+/- Sq. Ft. For LeaseBuilding 1C: 23,000 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For LeaseBuilding 2: 12,400 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For Lease
Property is situated along Meridian Boulevard in Spring Township. Property is within close proximity ofmajor retailers, restaurants and other amenities including Target, Weiss Market, Barnes & Nobles, Chilis,
Panera Bread to name a few. Great access to Berks county road systems within 1 mile of the ramps to Rte 222.
PreliminarySitePlan
Join the Meridian Place Class AAA Office Campus
1MeridianBlvd
Wyomissing,PA19610
40,000Sq.Ft.PremiumOffice
SpaceAvailable
Divisibleto
+/
2,000
Sq.
Ft.
OnSiteCafeteria
FitnessCenter
24/7Security
AdjacenttoBroadcasting
SquareShoppingCenter
AttractiveRates
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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What kind of Rent are you paying? Confused? Call us for help!
Gross Lease: A Lease in which, for a specified Rent, the Landlord provides all Services and Repairs and pays all expense of theleased property, such as taxes, insurance, maintenance, utilities, etc
Full Service Rent: A rental rate that includes operating expenses and real estate taxes for the first year. In most cases the tenantwill pay for any increase in operating expenses over the base year amount. Some times stated as Base Year Rent.
Net Lease: Lease in which the Tenant is responsible for payment of Rent, plus some or all Operating Expenses such as taxes, insur-ance premiums, repairs, utilities, etc On most occasions landlord remains responsible for roof and structure.
There are also net-net (double net) and net-net-net (triple net) leases, depending upon the degree to which the tenant is responsi-ble for operating costs.
Triple Net (NNN) Rent: Rent stipulated in a lease in which the tenant agrees to pay all of the landlords operating expenses and realestate taxes for the building. This is often referred to as CAM & Taxes, the CAM being Common Area Expenses. This is themost common form of lease used in the Berks Market.
Base Rent: A Set amount used as minimum rent in a lease which also utilizes a percentage or other allocation for additional rent.
9 Sale-Leasebacks
1800KutztownRoad,ReadingPA196047,300+Sq.Ft.singlestorybuildingwithloadingdock.Wide
columnspacingmakesthisagreatuseforeitherIndustrialor
Retailusers.LEASEorSale
5306AllentownPike,ReadingPA196052,300+Sq.Ft.primeretailspacelocatedinfrontofSams
Club.Over19,000vehiclesperday.Additionalstoragefacili
ties/warehousespaceavailableonsite.LEASE
Retail Properties
RESOURCES
1031TaxDeferredExchanges
BusinessandMarketData
PortfolioOptimization
InvestmentAnalysis
PropertyManagement Commercial,MultiFamily,Industrial
TEAMNAIKeystone:
NAIKeystoneCommercial&Industrial,LLCprovidesbusinesseswiththehighestqualityservicesandthebestrealestate
solutionsformaximizingprofitabilityandperformancelevels. Asaresultofourcommitmenttoexcellence,wehavewon
therespect
of
local,
national
and
international
clients
since
our
inception.
Our
clients
range
from
Fortune
1000
corporations,
majorbanksandinsurancecompaniestoinvestors,privateinstitutions,smallbusinessesandlocalorganizations.
ServicesRendered:
Tenant/BuyerRepresentation
Sales/Leasing/Subleasing
MajorProjectMarketing
NationalandInternationalCorporateServices
BuildToSuitProjects
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8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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1075BerkshireBlvd,WyomissingPA196102,120Sq.Ft.primeWyomissingofficespacewithmedicaltype
fitout
and
large
on
site
parking
field.
Property
is
ideal
for
manytypesofusersandhasbelowmarketrents. LEASE
11 OFFICE LISTINGS cont. -
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
108South5thStreet,ReadingPA19601
8,000
Sq.
Ft.
Office
Building
adjacent
to
the
Reading
Public
Library.Excellentofficeorretailopportunitieswith26off
streetparkingspaces. LEASE
2640WestviewDrive,WyomissingPA19610Approximately1,900Sq.Ft.ofPrimeClassAofficespace
alongStateHillRoad. Largeonsiteparkingfield,andgreat
visibility.LEASE
ParkRoad,BlandonPAPrimeRetailOfficeSpaceinBlandonTwp. Thesiteisknownas
MaidenCreekTowneCenterandhasupto24,000Sq.Ft.avail
able,Divisibleto1,300Sq.Ft.LEASE
3602KutztownRoad,ReadingPA196055,000SFofPrimedowntownOfficespacewithoffstreetpark
ingadjacenttoMuhlenberg SchoolDistrict. Canbeconfig
uredtotenantsneeds. LEASE
10HearthstoneCourt,ExeterPA1960613,000Sq.Ft.OfficeBuildingon1.2acresitewithgreataccess
toRte422.Excellentleaseopportunitieswith6monthsfree
rentfor3yeartermsormore. LEASE
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201S.FrontStreet,ReadingPA1960160,000+Sq.Ft.situatedon5+AcresandlocatedjustoffPenn
StreetinReading. EasyaccesstoRoute422andhashighceil
ingsandIscraneserved. SALEORLEASE
30North3rdStreet,WomelsdorfPA
120,000Sq.
Ft.
Manufacturing
Warehouse
Building
for
only
1,600,000. Propertyissituatedona5acrelotandhaseasy
accesstoRoute422. SALEORLEASE
1157ArnoldRoad,ReadingPA19605Upto82,500Sq.Ft.availableinthis219,000Sq.Ft.ClassA
DistributionCenter. Sitehashighdock/sq.ft.ratioandis
availablefrom10,000Sq.Ft.andup. LEASE
1157ArnoldRoad,ReadingPA19605
Upto
82,500
Sq.
Ft.
available
in
this
219,000
Sq.
Ft.
Class
A
DistributionCenter. Sitehashighdock/sq.ft.ratioandis
availablefrom10,000Sq.Ft.andup. SUBLEASE
12 INDUSTRIAL LISTINGS cont.
1450MainSt.,ShoemakersvillePA1955513,000SqFt newlyrenovatedwarehousewithhighefficiency
baylighting,insulatedwalls,ceiling andnewheater.28 30
ceilingheights,2docks,1drivein.LEASE
1070CentreTurnpike,OrwigsburgPA20,000Sq.Ft.Warehouse/RetailSitealongRt.61inOrwigs
burg. Thesitehashighvisibilityandisverywellmaintained.
Highceilingsandlargefencedlot. SALEORLEASE
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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330WyomissingBlvd,ShillingtonPA19607
28,000+Sq.
Ft.
Two
Story
Warehouse/Office
Building
located
inShillingtonPA. Primeresidentialconversionopportunity.
Situatedona1.76acrefencedlot. SALEORLEASE
3001St.LawrenceAvenue,ReadingPA1960630,000Sq.Ft.forLeaseinMt.PennPA. OwnedbyaNational
Corporation; highbayceilingsandselfaccess. Greatlocation
alongSt.LawrenceAvenue. LEASE
171TuckertonRoad,ReadingPA19605208,500Sq.Ft.ofPrimeDistributionSpace;CrossDockLayout
witheasyaccesstoRoute422/61. Belowmarketrentswith
visibilityfromRoute222.LEASE
1055CrossRoads,ReadingPA19605324,162Sq.Ft.DistributionandManufacturingFacility. High
Ceilings;FoodGrade,51DockPositions,ExtensiveElectrical,
1.7MillionGPDWater&700KGPDSewer. SALEORLEASE
1298KeystoneBlvd,PottsvillePA
37,500Sq.
Ft,
Prime
Warehouse
space
located
in
High
Ridge
BusinessPark. JustofI81thesiteisidealforanytypeof
warehouseuser. LEASE
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
13 INDUSTRIAL LISTINGS
184TuckertonRoad,ReadingPA19605245,000Sq.Ft.ofPrimeDistributionSpace;CrossDockLayout
witheasyaccesstoRoute422/61. Belowmarketrentswith
visibilityfromRoute222.LEASE
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14 INDUSTRIAL LISTINGS cont.
1456Rt61,PottsvillePA1797210,00Sq.Ft.CrossDockedWarehouse/FlexBuildinglocated
alongRt.61;186clearceilingheightssituatedon4.8acres.
EasyaccesstoI81andI78. LEASE
209229LancasterAvenue,ReadingPA
GreatRetail
location,
with
high
traffic
counts
and
roof
tops.
Siteiscurrentlyinshellcondition.SALEORLEASE
725HexHighway,HamburgPA1952615,000Sq.Ft.ofBuildingssituatedon7.8Acres. Thissiteis
primeforcommercialorredevelopmentintoResidential.Easy
accesstoI78/Rt.61andCabelas. SALEORLEASE
430FranklinStreet,WestReadingPA
Former
West
Reading
Fire
House,
this
unique
building
has
po
tentialforvarietyofuses,withbothofficeandstoragecapa
bilities. Currently3,000sftoleaseandtotalof6,000S.
SALEORLEASE
341BeechStreet,PottsvillePAPrimeReDevelopment/conversionopportunityneartheMain
retailareaofPottstown. Approvedplansinplacealongwith
grantmoneyanddevelopmentloansavailable.. SALE
425LancasterAvenue,ReadingPALocatedatSingledcornerofGraceStreetandLancasterAve
nue,thissiteisidealforaredevelopment. Potentialofanad
ditional.83acrescouldbeassembled.SALEORLEASE
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
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Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracythereof, and they are submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or with-drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
15 LAND & INVESTMENTS
WE HAVE BUYERSAND TENANTS LOOKING FOR
We Represent Tenants and Buyers as well
We are looking for the following:
10,000 - 15,000 Sq. Ft. Flex Space by Reading Airport
60,000 Sq. Ft. Warehouse/Distribution Space
Any and All Investment Opportunities
Medical Space for Sale or Lease
Land for Industrial Big Box Development - 50+ Acres
Medical Sale Leaseback Opportunities
Retail Land - Including Lighted Corners and Large Tracts.
If you are looking for space give us a call, we will do all we can to help...
INVESTMENT OPPORTUNITIES
147,000 Sq. Ft. IndustrialFacility
15 Yr NNN LeaseCredit Tenant
Hamburg PA
16,000 Sq. Ft. MedicalFacility
15 Yr NNN LeaseCredit Tenant
New Construction
13,000 Sq. Ft. Retail/Office Facility
2 TenantsLocated along Lancaster
Ave
39,000 Sq. Ft. Office/FlexFacility
Largely Occupied by OneTenant -- Includes
Papa Johns Retail Site
CALL FOR ADDITIONAL DETAILS AND OFFERING PACKAGES
LAND OPPORTUNITIES
Prime Retail Ground inHamburg PA. New Curbcuts proposed right ontoRoute 61 from the site.
Sale or Lease.
Fully Approved Residential Land Opportunities - Two Sites;One in Berks County and One in Monroe County. SaleWe are selling the entire development - Not Individual Lots
Berks County - Just off Route 724 - 77 Townhouse Lots
Carbon County - Very Close Proximity to Pocono Resorts
Prime Retail Ground onRoute 61 in Pottsville PA.
Frontage on Route 61.Sale or Lease
CALL FOR ADDITIONAL DETAILS AND OFFERING PACKAGES
8/9/2019 NAI Keystone - Bryan Cole, March's Greater Reading Commercial Real Estate Newsletter
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16Bryan E. Cole of NAI Keystone Commercial & Industrial, LLC
John BuccinnoOffice Specialist
[email protected] 610.370.8508Fax 610 779 1985
www.Bryanecole.com
John started his professional career after graduating from Uni-versity of Michigan working with the consulting firm Booz,Allen & Hamilton in the early 1990's. After learning a littleabout business in the outside world John opened his own busi-ness in commercial/residential lending and real estate devel-opment in 1992. The business grew to a 45 person operationwith 3 locations and $15 million a year in gross revenues. In2005 John sold his business and began the process of re-educating himself in the world of Commercial Real Estate.After finding that the best team in Berks County resides atNAI Keystone Commercial & Industrial, LLC John was eagerand proud to join the operation in 2007 to further develop hisconsulting and management skills in the field of commercial
real estate. John is currently working on his CCIM designa-tion and with all of the course work completed it wont be longbefore he meets all of the requirements to be a Certified Com-mercial Investment Manager. John is a licensed broker inPennsylvania and Michigan.
NAIKeystoneCommercial&Industrial,LLC
ExeterRidgeCorporateCenter
3970PerkiomenAvenue
Suite200
Reading,PA19606
610.779.1400(Phone)
610.779.1985(Fax)
www.Bryanecole.com
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BryanE.Cole
Bryan E. ColeOffice and Industrial Specialist
[email protected] 610.370.8502Fax 610 779 1985
www.Bryanecole.com
Bryan joined NAI Keystone in July of 2004, but before join-ing NAI Keystone, Bryan Cole spent 4 years active duty inthe U.S. Marine Corp, including a 6 month deployment inAfghanistan, a 4 month deployment in Kuwait/Iraq, and a 7month deployment in Japan. Prior to joining the militaryBryan was involved in the construction of commercial andmulti-unit properties in the Philadelphia suburbs. Bryan hasexperience working with a diverse group of individuals innumerous countries throughout the world. During Bryanstime with NAI Keystone, he has sold and leased in the excessof $80 Million Dollars worth of Commercial Real Es-tate. Because of this, Bryan earned NAI gold club status hisfirst year in the business which is presented to approximately
75 - 100 brokers within the NAI Global network, which iscomprised of over 8,000 Brokers. Bryan is currently workingon earning both his CCIM designation and SIOR designation.Bryan is currently NAI Keystone's Top Performer for 2006,2007, 2008, and 2009.
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