March 2012 Office by bryancole10

VIEWS: 6 PAGES: 12

									Commercial Office Newsletter
                                                                                                         Volume 1, 2012
         Greater Reading


A Publication by The Cole Group, of NAI Keystone Commercial & Industrial, LLC




                                                                                This Property is for Lease
                                                                                       See Page 5

                            FEATURED PROPERTY                                                  Content
                                                                                  Page 2     Featured Property
                                                 Two Story, 50,644 SF
                                                 Commercial Office                Page 3-5   Listings
                                                 Building                         Page 6-7   Feb CCRSI Release and
                                                 Situated on a 6.63 Acre                     Location Map
                                                 Site                             Page 8-9   Listings
                                                 4.5/1000 Parking Spaces          Page 10    Commercial Real Estate
                                                 Suite from 1,200 SF to                      Review
                                                 13,000 SF                        Page 11    Marketing Material and
                                                                                             Contact Information
                                                        See Page 2
                                                                                     For More Information Check Out:
         2001 State Hill Rd                                                                www.Bryan-Cole.com
          Wyomissing, PA                                                                              or
                                                                                    Email us at: Bcole@naikeystone.com
                                                                                                610.370.8502
           2                                                        Suburban Featured Property
                                                                                                                         Highlights
                                                                                                        Ground Floor Fitness Center available,
                                                                                                        which can be Accessed by Tenants during
                                                                                                        Business hours
                                                                                                        The Elevator, Corridors, and Stairways
                                                                                                        are Accessed directly from the Ground
                                                                                                        and Second Floor Lobbies
                                                                                                        The building is fully sprinkled
                                                                                                        Suites from 1,200 SF to 18,000 SF
                                                                                                        New Ownership and Property Manager
                                                                                                        Open Floor Plans



                  2001 State Hill Rd
                   Wyomissing, PA




                                         Why Choose NAI?
                                                                  Experience
  NAI Keystone is currently handling more than 5 million Sq. Ft. of
   Commercial and Industrial Real Estate in Berks and Schuylkill
                              County.
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
          3

                                                     Sale or Lease                                                                     Sale or Lease

                                                 3970 Perkiomen Ave                                                                10-12 Wingco Lane
                                                    Reading, PA                                                                     Muhlenberg, PA



      38,000 SF Class “A” Office Facility                                                        20,250 SF Gross Building Area
      “Green” Quality Construction                                                               3 Acres all Macadam Lot
      Design to Suit Plans                                                                       Property is set up for Office, Medical, or Small Retail
      Fronts Rte. 422 Business Section                                                           Spaces Range from 1,250 SF to 6,000 SF with a Mix of
      Facility is Loaded with Up-to-Date IT and Data                                             Quality Tenants
      Infrastructure                                                                             Located just off Rte. 61 and Rte. 222




                                                            Lease                                                                           Lease

                                                    400 Washington                                                                    Wyomissing
                                                         Street                                                                    Corporate Campus
                                                      Reading, PA                                                                  1166 Spring Street
                                                                                                                                    Wyomissing, PA

      106,500 SF Total Building Size                                                             167,750 SF Corporate Campus
      20,852 SF Available                                                                        33,000 SF Available Immediately
      1.10 Acres                                                                                 Institutional Ownership
      Flexible Floor Plans to meet a Variety of Space needs                                      1,335 SF Suite and 2,400 SF Suite Available
      Spaces Range from 500 SF to 4,909 SF on One Floor and                                      Two Additional Proposed Buildings
      7,996 SF on two other Consecutive Floors




                                                     Sale or Lease                                                                         Lease

                                                    3 Meridian Blvd                                                                    One Meridian at
                                                    Wyomissing, PA                                                                       Spring Ridge
                                                                                                                                       1 Meridian Blvd.
                                                                                                                                       Wyomissing, PA
      Single Story Office condos                                                                 368,000 SF Total Office Building
      4 Proposed Buildings Totaling 67,390 SF                                                    Class “A” Facility
      Class “A” Buildings                                                                        Cafeteria On-Site
      Great Visibility                                                                           Gym and Conferencing Centers
      Close to Shopping, Dining, and Hotels                                                      Divisible to 1,500 SF
      Spring Ridge Location                                                                      Top of the Line Data Infrastructure
      Build-to-Suit                                                                              Institutional Ownership


Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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

                                                            Lease                                                                      Sale or Lease

                                                  Maidencreek Town                                                                  16 Margaret Street
                                                       Center                                                                        Muhlenberg, PA
                                                    Blandon, PA


      24,000 Total SF Retail/Office Center                                                        6,000 SF Total Office Size
      Divisible to 1,300 SF                                                                       5.13 Acres
      Frontage on Blandon Rd.                                                                     Site is Ideal for Hotel, Auto Dealership, or Additional
      Adjacent to new Residential Developments                                                    Office Expansion
      Available as Retail, Medical or Office                                                      Retail Options are a Perfect fit
                                                                                                  Other Retail and Flex Commercial Properties also
                                                                                                  Available at this Interchange
                      3 New Tenants

                                                            Lease                                                                           Lease

                                                     Allon Building                                                                  2755 Century Blvd
                                                    520 Van Reed Rd                                                                   Wyomissing, PA
                                                    Wyomissing, PA


      Proposed 40,000 SF Office Facility                                                          3,353 Rentable SF
      3-Story Class “A” Building                                                                  78 Surface Parking Spaces
      ADA Compliant                                                                               9’ Ceiling Height
      Easy Access to Major Berks Roads                                                            2 ADA Compliant Bathrooms Accessible
      Great Visibility                                                                            Rte. 222 Bypass is within 2 Blocks
      Conveniently Located Along BARTA Routes                                                     Flexible Floor Plan
      Build-to-Suit                                                                               Class “A” Space
                                                                                                  Architectural Services Available



                                                      Sale or Lease                                                                    Sale or Lease

                                                   Spring Corporate                                                                   1311 Penn Ave
                                                        Campus                                                                        Wyomissing, PA
                                                     Iroquois Ave.
                                                   Spring Twp., PA

      Class “A” Office Corporate Campus Totaling 176,000                                          8,000 SF Total Building
      SF                                                                                          4,000 SF Per Floor
      6 Class “A” Buildings on Property                                                           .55 Acres
      Easy Access to Rte. 724                                                                     32 On-Site Parking Spaces + 6 Off-Street
      6,000 SF to 53,160 SF                                                                       12’ Ceiling Height in Warehouse - 10’ in Office
      Total Site could be Purchased                                                               Excellent Highway Access

            www.SpringCorporateCampus.com                                                                                  Leased
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
                                                                                                                                                 5


                                                            Lease                                                                        Lease

                                                  2001 State Hill Rd                                                               2909-2123 Windmill
                                                   Wyomissing, PA                                                                          Rd
                                                                                                                                   Sinking Spring, PA


     Suite from 1,200 SF to 18,000 SF                                                            Available Suites from 995 SF to 5,100 SF
     Rte. 422 Bypass is Approximately 1/2 mile to the east                                       High Profile Location
     providing high speed accessibility between Lancaster and                                    Close Proximity to Rte. 724
     Allentown                                                                                   Great Rental Rates
     Card Access System for Tenant Access to the Building
     and Common areas                                                                                        www.SpringCommons.com
     All Common Areas of the Building have handicap
     accessibility



                                                           Lease                                                                         Lease

                                                       10 Ingot Rd                                                                  220 N. Park Rd -
                                                       Blandon, PA                                                                       Office
                                                                                                                                    Wyomissing, PA


      Fully Approved 9,100 SF Site                                                               1,350 SF Second Story Office Space
      1.06 Acres                                                                                 Flexible Terms & Conditions
      All Utilities to Site                                                                      Large Surface Parking Lot
      Public Water and Sewer                                                                     Access to Park Rd in Wyomissing
      Build-to-Suit                                                                              Direct Access from VF Outlet
      Medical and Retail Potential
      Close to Residential Developments




                                                           Lease                                                                         Lease

                                                10 Zion Church Rd                                                                   2433 Morgantown
                                                Shoemakersville, PA                                                                       Rd
                                                                                                                                      Reading, PA


     13,000 Total SF Building                                                                    1,172 SF Available with two more Buildings Planned
     Up-to 2,322 SF                                                                              4.7 Acres
     Various Suite Sizes                                                                         Great Location
     2.42 Acre Site                                                                              Easy Access to I-176
     Great Visibility
     Frontage on Rte. 61



Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
        6                                              February 2012 CCRSI Release
Commercial Real Estate Prices Increase a Modest 1.1% in Fourth Quarter as Property Pricing Levels
off in December

Multifamily led all property types in pricing gains: Northeast region advanced furthest in recovery: Pricing for investment grade
outperformed general commercial reflecting investor preference for major markets and core assets.

The CoStar Commercial Repeat Sale Indices (CCRSI) National Composite index ended the fourth quarter of 2011 relatively flat with
December 2011 commercial real estate pricing essentially unchanged from October 2011 levels. This trend was in-line with fourth
quarter pricing performance in each of the past two years, as heavy pre-year-end trading activities kept prices stable. The National
Composite index ended 2011 up just 0.2% from year-ago levels, but up 5.5% from its low point in March 2011, thanks to a mid-year
surge.

The Multifamily index continued to demonstrate the strongest pricing growth, advancing by 6.8% in the fourth quarter of 2011 and
increasing a total of 15.3% in 2011. The Retail index lost ground in the fourth quarter of 2011 and returned to its lowest value since
2003. The West regional index recorded the largest regional gains, aided by outsized growth in office and multifamily pricing levels,
while the Northeast regional index continued to track the largest cumulative pricing gains since the trough of the recent cycle. While
distressed trading volume remained elevated in the fourth quarter, its impact on pricing levels was mitigated by a surge in
non-distressed property trading.

This month’s CCRSI provides the market’s first look at December 2011 commercial real estate pricing. Based on 1,172 repeat sales
in December and more than 100,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat
sales activity. Also, in this release CoStar has introduced two new pricing indices: a Hospitality index and a Commercial Land index.
Along with the four major property types, the Hospitality and Land indices will be produced quarterly.

Quarterly CCRSI Top Ten Markets Results

    As of Fourth Quarter 2011, the Office Top 10 Largest Metro Index accumulated a price gain of 23.8% since the trough of the
    last cycle, significantly outperforming the 17.3% of the National Office index. Similarly, the Multifamily Top 10 Largest Metro
    Index was 21.6%. The results are consistent with observations in regional and property type indices, reflecting investor
    preference for core assets in large, densely populated markets.

    Both the Industrial and Retail Top 10 Largest Metro Indices, on the other hand, underperformed the national indices. While the
    National Industrial index posted a year to date decline of 2.9%. The Industrial Top 10 Largest Metro Index went down by 11%.
    The Retail Top 10 Largest Metro Index also proved to be drag on the National Retail Index as its quarterly and annual price
    losses were nearly double the national average.

Quarterly CCRSI Regional Results

    Among the four U.S. regions, the Northeast has advanced the furthest in its pricing recovery through December 2011. Having
    gained 12.3% from the recent market trough, the Northeast Composite Index ended the fourth quarter of 2011 only 14.3% below
    its peak of the last cycle. The Northeast region has seen an exceptionally strong rebound in multifamily and office pricing,
    reflecting an investor preference for dense coastal markets and core assets that was especially pronounced during the early
    stages of the economic recovery. Structurally high occupancies and rebounding rental rates have investors anticipating outsized
    income growth for this region, which has had a positive impact on pricing.

    Pricing in the South, Midwest, and West regions is recovering at a more moderate pace. The composite indices for each region
    finished December 2011 down between 34% and 39% from the peak of the last cycle.

    The West Composite Index, while still well off peak levels, demonstrated the fastest rate of improvement among the four
    regions in 2011. The West regional index advanced by 5.8% in 2001 versus a 4% gain in the Northeast, a 2.2% gain in the
    Midwest, and a 6.9% loss in the South. Barriers to supply in the West have improved the marketability of commercial real estate
    assets in this region as investors branch out to seek opportunities beyond the core coastal Northeastern markets.

    The multifamily segment has been the best-performing segment over the past year and is the only index to record positive gains
    in 2011 across all regions.

    The office segment tallied the second-best growth rate in 2011. Gains on the office regional indices ranged from 8% in the West
    to 11% in the Midwest and Northeast, although the South Office index recorded a 4% pricing loss in 2011.
                                 Featured Projects                                                      7




      Meridian Condos              Wyomissing Corporate Campus                Spring Corporate Campus
67,000 +/- SF. of Single Story     167,750 Total Square Feet                176,000 Total Square Feet
Office Condos.                     Located in Wyomissing PA 19610           Located in Spring Twp. PA 19609
Located in Spring Twp. PA          3 Buildings Existing with 2 Additional   6 Buildings Proposed with the
Total of 4 Buildings Proposed      Buildings Proposed                       Smallest calculated at 6,000 SF.
For Sale or Lease                  For Lease                                For Sale or Lease




                                      Property Locations
           8


                                                             Sale                                                                     Sale or Lease

                                                   9986 Bernville Rd                                                                  803 Euclid Ave
                                                     Bernville, PA                                                                     Temple, PA



      4,331 SF Two Story Building                                                                 17,101 SF Facility
      2.7 Acres                                                                                   Redevelopment Opportunity
      5 miles to I-78 Via Rte. 183                                                                3-Stop Elevator allows for use on all Levels
      High Profile Location                                                                       Divisible to 1,500 SF
                                                                                                  Office and Warehouse Capabilities
                                                                                                  Extremely Affordable Space




                                                           Lease                                                                           Lease

                                                   Spring Commons                                                                     4870 Penn Ave
                                                  Sinking Spring, PA                                                                Sinking Spring, PA



      Proposed site for 14,000 SF Office Building
                                                                                                 4,800 SF Existing Retail Space
      High Profile Location
                                                                                                 End Cap, can be Demised
      Situated along Rte. 724 in Spring Township
                                                                                                 Alternative Uses Include Medical/Office
      123,000 +/- Population within 5 Miles
                                                                                                 One Existing Traffic Signal and one Approved for Future
                                                                                                 Development
                  www.SpringCommons.com                                                          Ample Parking On-site
                                                                                                 15 +/- Acre Total Site



                                                            Lease                                                                           Lease

                                                      Van Reed                                                                        1107 Bern Rd
                                                 Professional Center                                                                 Wyomissing, PA
                                                  560 Van Reed Rd
                                                  Wyomissing, PA

      Class “A” Office & Medical Facility                                                         1,950 SF Retail Space
      3-Story with Glass Lobby                                                                    Direct Access to Gold’s Gym and Exterior Access to
      ADA Compliant                                                                               Parking Lot
      Various Suite Sizes                                                                         Well Established Entertainment and Retail Center
      Great Visibility                                                                            Great Location for Café, Snack Bar, Health Food Store,
      800 SF to 9,000 SF Suites                                                                   Salad Bar, Deli Counter, Etc.
                                                                                                  Close to Rte. 222 and Rte. 422



Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
                                                                                                                                              9


                                                           Lease                                                                        Lease

                                                     1041 Bern Rd                                                                   Bally Brook
                                                    Wyomissing, PA                                                                 Business Center
                                                                                                                                     Bally, PA


     4,000 SF Available                                                                          Up to 18,500 SF
     1,200 SF Finished Office                                                                    Convenient Location on Rte. 100
     2,800 SF Warehouse Space                                                                    7 acres
     One 10’x10’ Drive-In Door                                                                   Off-Street Parking
     ADA Compliant Bathroom                                                                      Outside Storage Available
     Immediate Occupancy




                                                     Sale or Lease                                                                      Lease

                                                     51 Anne Street                                                                  208 Rte. 183
                                                      St. Clair, PA                                                                Schuylkill Haven,
                                                                                                                                         PA


      5,000 SF                                                                                   1,850 SF Available
      Warehouse/Retail/Showroom                                                                  End Unit
      Climate Controlled Throughout Building                                                     Great Visibility
      Drive-in Door for Warehouse                                                                Can be Divided
      Great Visibility                                                                           Located Right off Rte. 183
      Signalized Intersection                                                                    70 On-Site Parking Spaces
      18 Parking Spaces




                                                              Is Your Lease Expiring in the Next Two Years?

                                               A year or two may seem far away, but if you lease commercial real estate the time to act is
                                             now. That’s because the more proactive and prepared you are, the better positioned you’ll be to
                                                            make your next set of business-critical, lease-related decisions.

                                               Waiting until your business is busting at the seams and in dire need of more space or waiting
                                                until too close to your current lease expiration date can not only be stressful, it can cost you
                                              time and money. It can also mean settling for a less-than-ideal facility and less-than-favorable
                                                                                          lease terms.

                                                It’s almost never to soon to look ahead, define a strategy, and make time work to your ad-
                                               vantage. Lean on our team of experienced commercial real estate professionals to work with
                                                                             you and chart a course of success.

                                                                         We look forward to the opportunity to be of service.

Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
          10

Commercial Real Estate Review
Berks County PA

Summary

In 2011 Berks County experienced a positive
absorption in both Industrial and Office space while
Retail continued to suffer more vacancies and
downward pressure on rental rates. Medical Office
Buildings have seen a leveling off in new
construction with only one new building announced
for construction; however, it’s a big one. The
Reading Hospital Medical Center announced that
groundbreaking should commence in 2012 for the
new 250,000 sq. ft. Surgical Center located on the
main campus in West Reading.

The general office market in the county has been flat
with the exception of the Wyomissing/Spring Twp.
area which recently experienced new levels of
activity with several large users looking for existing
space or considering build-to-suit options. The
re-signing of Traveler’s Insurance at 1150 Berkshire
Blvd was important for the area lest it put 60,000 SF
of vacant space on the market on top of the 57,000
SF of space that Sovereign vacated at 1125
Berkshire Blvd.

Some major Industrial projects were completed in
2011 that helped to alleviate a lingering surplus of warehouse and manufacturing space in the county. In
Muhlenberg Twp., Packaging Corporation of America opened a regional headquarters in 220,000 square feet
at 171 Tuckerton Rd. Also, the 325,000 square foot bottling and fulfillment plant at 1055 Crossroads was
purchased by a water bottling company and expects to be up and running within the next 3 months.

With the exception of Kohl’s which is opening a 70,000 SF store at Papermill Rd and Meridian Blvd, retail
announcements have mostly been about closings. After Borders closed last year on Woodland Rd, JoAnn
Fabric leased the space and will move its operation from the 5th St. Hwy corridor to the stronger Wyomissing
retail market.

The bright spot for development projects in the market is multifamily. With single family residential housing
continuing its slump there’s a shortage of new supply to the housing stock. As the economy stabilizes and the
county sees a return to hiring, the lack of new development has put pressure on the existing supply of
multifamily housing. As an example, after struggling to fill vacancies since its completion in early 2010, the
248-unit Wyomissing Square Apartment complex reached 98% occupancy as of the fall of 2011. New
development projects in Reading, at 525 Lancaster Ave and the former Reading Outlet Building No 1 at 801
9th Street, along with plans for over 180 units in Kutztown show signs of life for this segment of residential
construction projects.
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
                                                                                                                                                  11




                                                                      LOOK FOR OUR MARKETING MATERIAL
Contact Info:
Bryan Cole                                                                                           Newsletters
610.370.8502 (Direct)                                      Quarterly                     Monthly                       Weekly         Specific Industry
610.779.7985 (Fax)
BCole@NAIKeystone.com

   Don’t Forget to Join our
      Mailing List at:
           Bryan-Cole.com/
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                                         Why Choose NAI?
                                                                        Success
 NAI Keystone has been the leader in the Greater Reading market
     place as a full service provider since it opened its doors.
Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy
thereof, 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.
                                                      12




Bryan E. Cole

NAI Keystone Commercial & Industrial, LLC
Exeter Ridge Corporate Center
3970 Perkiomen Avenue
Suite 200
Reading, PA 19606

610.779.1400 (Phone)
610.779.1985 (Fax)
bcole@naikeystone.com
www.Bryan-cole.com

Return Service Requested




      NAI Keystone Commercial
            & Industrial
Providing information and resources for the Area’s business
        and commercial real estate decision makers.

								
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