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/ MailingLists.html Emails Brochures & Market Reports E-Brochures E-News Flyers Office Report www.Bryan-Cole.com 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) email@example.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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