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2nd Qtr. Newsletter

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2nd Qtr. Newsletter Powered By Docstoc
					           Greater Reading


Providing information and resources for the area's business and commercial real estate decision makers.

A Publication by Bryan Cole of NAI Keystone Commercial & Industrial, LLC                                                                 2nd Qtr. 2012
                                                                                                             office-using jobs, led by technology
                                                                                                             and energy markets such as Seattle,
     Straight From The NAI Blog                   Landlords Poised to Regain Upper Hand in
                                                                                                             Boston, San Francisco and Dallas.
                                                  Recovering Office Market
                     A Robust Rebound
                                                                                                             Other positive signs abound, including
                       to Mediocrity?             Article By: Costar Group Research Development              a leveling off in the loss of
                                                                                                             manufacturing jobs and a bottoming of
                                                  Office space absorption doubled during 2011 as the         the housing market, which should be
                                                  office-using job base expanded and vacancies declined      less of a drag on the economy going
                                                  across nearly two-thirds of U.S. submarkets, CoStar        forward, and likely to be the source
                                                  Group reported this week in its Year-End 2011 Office       for new jobs as replacement demand
  Please visit www.Bryan-Cole.com for
                                                  Review & Outlook. The report presented to CoStar           for single-family and apartment
  this and many more articles.                                                                               housing fuels expected construction
                                                  clients found that positive momentum in office
                                                  fundamentals and the continued absence of new              demand.
      http://www.bryan-cole.com/
             AllPublications/                     construction is expected to result in higher rents for
                                                  building owners over the next few years.                   Meanwhile, corporate profits are off
           GlobalPublications/                                                                               the charts, from $800 billion in 2000
            pubdownload.pdf                       Office sales increased steadily through 2011 over the      to $2 trillion in 2011.
                                                  previous year as investors sought to get ahead of the
                                                  curve, with investor interest spreading beyond the         (See page 4)
                      Capital Market              safer well-leased investment-grade buildings in
                         Updates                  top-tier markets and into smaller properties and
                                                  second-tier markets such as Seattle, Atlanta and
                                                  Northern New Jersey. Total fourth-quarter 2011 office
                                                  sales are likely to match or exceed fourth-quarter
                                                  2010’s impressive $25 billion once all sales are
                                                  tallied.
                                                                                                                INSIDE THIS ISSUE
 Please visit www.Bryan-Cole.com for
 this and many more articles.                                                                                   Main Article……………..…...1 & 4
                                                  Total CRE sales, which evened out in 2011 across all
                                                  property types, is estimated at nearly $300 billion, the      Featured New Listing............. 2
                                                  highest since the peak of the real estate boom in 2007,
      http://www.bryan-cole.com/                  and well above the historical average of around $220
                                                                                                                Listings ................................... 3
  AllPublications/GlobalPublications/             billion since 2000.                                           Incentive Section ................... 4
       RECapMarketOutlook.pdf
                                                                                                                Completed Leases ................ 5
                                                  Although office tenants continue to hold the cards in
                                                  many markets, CoStar reports the outlook appears to           Look for My Material ............. 5
                                                  increasingly favor building owners in coming years as
        Property of the Month                     the cycle continues.                                          Articles................................... 6
                                                                                                                Market Snap Shot ................. 7
                                                  “To sum it up, for the office market, we’re just now
                                                  getting started. Now is a good time to be an office           Press Releases ....................... 7
                                                  investor,” said Walter Page, director of research for         Property of the Month .......... 8
                                                  Property and Portfolio Research (PPR), Costar
                                                  analytics and forecasting division. “We expect                Listings…………………………...9-12
                                                  vacancy to continue to decline through 2015, and
                                                                                                                Available Office Space………..13
                                                  when you have declining vacancy rates, you can raise
                                                  rents, returns are better, and for an investor, that’s        Retail Opportunities…………..14
         Brickel’s Racing Building                good news.”
                                                                                                                Investment Opportunities….15
  101 S. Centre Ave, Leesport, PA 19533
                                                  Economy Shows Positive Signs For CRE
                                                  CoStar Group founder and CEO Andrew Florance
The property was built in 2001 as a one-story     noted that, although overall employment growth has
retail office and warehouse-building which        been anemic, the U.S. posted a solid 1.7% gain in                 A Bryan Cole Publication
contains 24,000 square feet. The building has
approximately 5,000 SF of retail space in the                                                                  For More Information check
front with 6,500 SF of office and 12,500 SF of                                                               www.Bryan-Cole.com or email us
warehouse space. For SALE
                                                                                                               at Bcole@naikeystone.com
                                     See Page 8
                                                                                                                      610.370.8502

                                                             www.BRYAN-COLE.com
          2                                                                  Featured New Listing
                                                                                                                         Highlights

                                                                                                    Building is Estimated at 40,011 SF Total
                                                                                                    2.11 Acre Lot Containing One Flex Building
                                                                                                    2 Story Facility, which has a 20,000 SF
                                                                                                    Footprint
                                                                                                    Built in 2008
                                                                                                    Property is in very Good Condition
                                                                                                    Large Macadam Lot offers Easy Turn Around
                                                                                                    Freight Elevator Access
                                                                                                    At Grade Access to Both Levels
                                                                                                    Property is Located within .23 Miles of Rte.
                                                                                                    183, and Enjoys Easy Access to Rte. 222, Rte.
                           1025 James Drive                                                         61 and I-78
                                                                                                    Located in a Commercial Area with Various
                          Leesport, PA 19533                                                        Types of Users: Retail, Light Industrial, Etc.
                             Sale or Lease                                                          Close to Major Road Systems, with Easy
                                                                                                    Access to Retail Establishments
                     Class “A” Flex Building                                                                            Bank Owned




                                                            Lease                                                                           Lease

                                                     Allon Building                                                                        Van Reed
                                                    520 Van Reed Rd                                                                   Professional Center
                                                    Wyomissing, PA                                                                     560 Van Reed Rd
                                                                                                                                        Wyomissing, PA


      Proposed 40,000 Sq. Ft.                   Great Visibility                              Class “A” Office &                  Great Visibility
      3-Story Class “A” facility                Conveniently Located                          Medical facility                    800 sf. to 9,000 sf.
      ADA Compliant                             Along BARTA Routes                            3-Story w/ Glass Lobby              Suites
      Easy Access to major                      Build-to-Suit                                 ADA Compliant
      Berks roads                                                                             Various Suite Sizes




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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
   3


                                      Sale or Lease                                                                                Lease

                                    3 Meridian Blvd.                                                                       One Meridian at
                                    Wyomissing, PA                                                                           Spring Ridge
                                                                                                                           1 Meridian Blvd.
                                                                                                                           Wyomissing, PA

Single Story Office             Great Visibility                            368,000 sf. Class “A”                      Divisible to 1,500 sf.
Condos                          Close to Shopping,                          Office Facility                            Top-of-the-line Data
4 Proposed Buildings            Dining, and Hotels                          Cafeteria                                  Infrastructure
Totaling 67,390 sf.             Spring Ridge Location                       Gym and Conferencing                       Institutional
Class “A” Buildings             Build-to-Suit                               Centers                                    Ownership




                                           Lease                                                                                   Lease

                                     Maidencreek                                                                            Wyomissing
                                     Towne Center                                                                        Corporate Campus
                                      Blandon, PA                                                                        1166 Spring Street
                                                                                                                          Wyomissing, PA

24,000 Total Sq. Ft.            Adjacent to New Res.                        167,750 sf. Corporate                      1,335 sf. Suite and
Retail/Office Center            Developments                                Campus                                     2,400 sf. Suite
Divisible to 1,300 SF           Available as Retail,                        33,000 sf. Availability                    Available
Frontage on Blandon             Medical or Office                           Immediately                                Two Additional
Rd.                                                                         Institutional Ownership                    Proposed Buildings




                                      Sale or Lease                                                                          Sale or Lease

                                    Spring Corporate                                                                     3970 Perkiomen Av
                                         Campus                                                                             Reading, PA
                                      Iroquois Ave.
                                     Spring Twp., PA


Class “A” Office                6,000 sf. to 53,160 sf.                     38,000 sq. ft. Class “A”                   Fronts Rt. 422
Corporate Campus                Total Site Could be                         Office Facility                            Business Section
Totaling 176,000 SF             Purchased                                   “Green” Quality                            Facility is Loaded with
6 Total Class “A”                                                           Construction                               Up-to-Date IT and
Buildings                                                                   Design to Suit Plans                       Data Infrastructure
Easy Access to Rt. 724




                         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
                         withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
          4                                                             Featured Article Continued
Coupled with low-interest rates, companies are in a                                                                 Investors Explore Secondary, Suburban
position to invest aggressively in new facilities and       “We have seven quarters of positive growth, and at      Markets for Deals
equipment. From a CRE perspective, Corporate                that same point 10 years ago, we were still seeing      The return of portfolio sales outside the largest
America is well positioned to invest in their               negative absorption,” Spivey said.                      markets in 2011 shows that investors, who
businesses, plant facilities and equipment,” Florence                                                               largely retreated to the safety of well-leased
added.                                                                                                              properties in safe core markets like Washington
                                                            Concessions Starting to Disappear
                                                            With improving occupancy and little new supply,         and New York over the last couple of years, are
Challenges remain, including relatively weak                                                                        ready to assume risk in certain transactions, with
                                                            concessions like free rent and tenant improvements
consumer confidence, continued high                         are burning off in some markets and overall, the        the help of a slowly returning flow of debt
unemployment, a record federal budget deficit and                                                                   financing.
                                                            long downward slide in average office rents has
economic upheaval in Europe. Occupancy recovery
                                                            likely bottomed.
varies widely between metros, with “have” markets
such as supply constrained New York City showing                                                                    Distressed sales volume as a percentage of total
7.4% vacancy and housing bust “have-nots” like              CoStar sees significant upside in office rents, which   office sale transactions fell during 2011. As
Phoenix lingering at a stubbornly high 20.7%                are currently 11% below their long-term trend, Page     distress has abated, prices have begun to rise over
                                                            said. With office construction at an all-time low,      the last couple of quarters, spreading from
However, CRE values have recovered to roughly               rents will rise and are expected to reach their         investment-grade properties to smaller general
2000-year levels, and vacancies declined across the         long-term average between 2015 and 2017.                commercial sales, according to the CoStar
country last year. In a strong indicator of an                                                                      Commercial Repeat Sale Index (CCRSI).
impending office rebound, vacancy rates declined in
                                                            The analysts singled out “premier” suburban areas
63% of the 2,400 office submarkets tracked by                                                                       Pricing has risen in most markets and is
                                                            located near the urban core in markets such as
CoStar. That’s the strongest number since 2004-05,                                                                  approaching replacement cost for some buildings,
                                                            Bethesda, MD, and West Los Angeles are seeing
which roughly marked the beginning of the last CRE                                                                  Spivey noted. Higher occupancy buildings are
                                                            net absorption recover much more quickly on a
up cycle. In the fourth quarter, CoStar recorded 18                                                                 fetching a higher price premium currently than in
                                                            rolling annual average compared with CBDs or
million feet of net absorption, which drives                                                                        2007, possibly opening a window for investors on
                                                            outer suburban areas. Likewise, a survey of
occupancy rates and other leasing fundamentals, and                                                                 opportunities in select vacancy challenged
                                                            four- and five-star buildings in CoStar new Building
a total of 49 million square feet for the year,                                                                     properties .
                                                            Rating System, the equivalent of the top Class A
doubling 2010’s absorption.
                                                            properties, shows that the best buildings are
                                                            absorbing most of the space. One- and two-star          Source Costar Group
Despite rising concerns about the darkening
                                                            buildings, typically Class C, were hammered during
economic picture that started last spring and
                                                            the recession and are recovering more slowly.
continued through the year, absorption rose sharply
in the second half of 2011, said Page, noting that
companies are leasing space “and smaller tenants,           While national vacancy and availability rates are
the lifeblood of the office sector, are back.”              both trending down, there are vast differences
                                                            within metros and within the CBD and suburban
                                                            properties in those markets. In Miami, for example,
Jay Spivey, CoStar senior director of research and
                                                            the CBD vacancy rate is about 22%, while suburban
analytics, said that the office recovery, while not
                                                            and premier suburban rates are lower. By contrast,
feeling very strong so far for many landlords and
                                                            Atlanta's Buckhead premier office suburb, where
investors, is actually much stronger than the
                                                            much new construction came on line as the
recovery in the office market following the collapse
                                                            recession hit, has the highest vacancy at over 20%,
of Internet companies and real estate downturn 10
                                                            more than 6 percentage point higher than the
years.
                                                            Atlanta CBD.

                                                                   Incentive Section




          30 North 3rd Street,                                    3001 St. Lawrence Avenue,                                          1030 Reed Ave
         Womelsdorf, PA 19567                                          Reading, PA 19606                                        Wyomissing, PA 19610
     120,000 Sq. Ft.                                            60,000 Sq. Ft. Warehouse                                     5 Building 167,750 Sq. Ft.
     5.04 Acres                                                 Divisible to 30,000 Sq. Ft.                                  Campus
     Manufacturing/Warehouse                                    24’ Ceiling Height                                           Suites from 1,335- 43,000 Sq. Ft.
     SALE or LEASE                                              LEASE                                                        Single Story
                                                                                                                             LEASE
               $1.99 PSF Lease                                           $4.50 Gross Lease                                         $13.85 NNN Lease

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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                                                        5


For More Information Check out :
     www.Bryan-Cole.com

Now With Interactive Market Reports and
             Newsletters!




                                        Recently Completed leases
Gateway at Grings Hill Medical Office Building - Sold 21,000 SF
1055 Crossroads Blvd - Leased 324,132 SF of Industrial Space
210 Rte. 183 - Sold 10,400 SF
1107 Bern Road - Leased 6,000 SF to American Martial Arts Studio
Quest Diagnostics - Leased 3,000 SF in Langhorne, 4,000 SF in Horsham, 2,000 SF in Philadelphia, and
2,000 SF in New Jersey
Reading Hospital at North Park Rd - Leased 13,760 SF suite 9C. Has a long term lease in the Reading
Hospital Building
Lehigh Clinical Research at North Reading near Albright - Leased Office suite at 1800 12th Street,
Richmond Corporate Center
Executive Park - Sold 50,644 SF Multi-tenanted Office Building in Wyomissing.

                       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
                       withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
         6                                                                 Featured Articles

Top Ten Requirements for Medical Office Space
Here is a partial reprint of an article that appeared on the Orlando Medical News Website. Although most of the information remains the same
from the original article, I made a few changes to outline my specific market.

     Affordability
           The number one factor affecting doctor’s decisions when deciding on medical office space is affordability. Recently, a large surgical
practice in Orlando signed a long term lease for 30,000 SF in a new mixed use development project in South Orlando at $17 per-square-foot. This
new leased space will also include an outpatient surgery center on the premises. Before signing this lease, this same practice was offered the
same amount of medical space closer to a major Orlando hospital for $25 PSF. Why pay $25 PSF when you can go down the street and pay $17?

      Accessibility
           Doctors are looking for access to major road arteries and highways so their patients can find them easily. If a doctor’s office is tucked
away somewhere off the beaten track or in the middle of a rural area their patients may have a more difficult time finding them and have to go
through a maze of side streets or unfamiliar areas to find their office. After existing the highway, doctors expect their patients to make less than
two turns to find their office. After all, as a patient they may not be feeling all that good in the first place. Why make their plight any more difficult
if they cant find their doctor?

    Mixed Use Development/Modern Architecture
         Often, physicians are now looking for mixed use development featuring more modern architecture. They want buildings that are
appealing and inviting. Three new medical office building projects are The Wyomissing Corporate Campus in Wyomissing, Meridian Place in Spring
Ridge and Exeter Ridge in Exeter Pa. These are examples of prime pieces of real estate that could appeal to medical users.

      Parking Ratio and Parking
           Most professional office buildings have a parking ratio of two to three parking spaces per thousand square feet. With patients coming
and going throughout the day, doctors need to have at least four to five parking spaces per thousand to avoid overcrowding. Since parking can be
tight in the downtown corridor, doctors often shy away from downtown medical space. Reserved parking is also a nice plus for key employees
and physicians. Covered handicapped pick-up and drop-off areas are a real asset, especially if there are associated outpatient treatment facilities.

      Shell Space Vs. Used Space
           Although shell space may cost more in the beginning, It will end up saving the doctor a lot of money in the long run. With new shell
office spaces you can do space planning/design work to fit your own needs and patient flow. This way you wont waste SF. Used office space with
existing layouts often cant be adapted without expensive demolitions and remodeling. While this can be accomplished, there still remains the
potential for poorly laid out space that doesn't fit the needs required.

    Proximity to Other Physicians
         In a medical office building, doctors are often looking for proximity to other physicians who could communicate with them. For
example, a family medicine physician will frequently refer patients to other medical specialties such as cardiology or orthopedics.

     Ancillary Services
          After interviewing several doctors, the new buzz word is “Ancillary Services.” Traditionally, hospitals were the main benefactor of many
of these services. Ancillary services include MRI’s, sleep labs, physical therapists, outpatient surgery centers, and imaging centers. Doctors are
more recently looking for extra medical office space were they can install ancillary services and other diagnostic treatment areas.

    Geographic Location
          In the past, doctors needed to be close to the hospital to round on large numbers of inpatients and perform mostly inpatient surgeries.
Now procedures are more frequently performed on an outpatient basis, and doctors can relocate their offices farther away from the hospital at
usually lower lease rates. Many practices now have incorporated outpatient surgery facilities located at or nearby their office location.

     Exclusivity
           Willingness of the landlord to restrict leasing to other physicians of similar specialty in the same building is often requested. While many
physicians view this as an important concession, it probably is not that important in the long run. After all, there is really nothing a physician
group can do if a competitor wants to relocate across the street. This is probably more important in rural or less populated areas where a new
hospital is being established.

      Signage
           Building monument or signage to distinguish your medical group or practice is an important feature. Local zoning laws often restrict the
size and location of business signage in any given area, but often the developer can offer “top of building” signs for major anchor tenants.

(This information was obtained by an outside source)
                                       Market Information                                                       7



        Suburban Market Snapshot                                      Downtown Market Snapshot
20.0%                                                         20.0%



15.0%                                                         15.0%


10.0%                                                         10.0%



5.0%                                                           5.0%



 0.0                                                           0.0
        2002 2003 2004 2005 2006 2007 2008 2009 2010                  2002 2003 2004 2005 2006 2007 2008 2009 2010

                                    Class A Buildings: Red   Class B Buildings: Blue


                                                  Press Releases




        560 Van Reed Rd               220 N Park Rd
       Wyomissing, Pa 19610        Wyomissing, Pa 19610




        1025 Berkshire Blvd          2668 Leiscz's Bridge                          The Wyomissing Corporate Campus
       Wyomissing, PA 19610          Leesport, PA 19533                         1030 Reed Ave. Wyomissing, Pa 19610




                                   http://Bryan-Cole.com/Pressnai.html
          8                                                                Property of the Month
                                                                                              Highlights
                                                                                                  Sale Price: $2,000,000.00
                                                                                                  Lease Price: $7.50/SF NNN Blended
                                                                                                  24,000 SF Available
                                                                                                       ~ 5,000 SF Showroom
                                                                                                       ~ 6,500 SF Office/Call Center
                                                                                                       ~ 12,500 SF Warehouse
                                                                                                       ~ 6,500 SF Additional Above Office Mezzanine
                                                                                                       Space (Not Included in Numbers)


                                                                                              Site Highlights
                                                                                                   2.29 Acre Site
                                                                                                   3 Phase Electric
                                                                                                   65 +/- On-Site Parking Spaces
                                                                                                   Easy Access to Rte. 61 and Rte. 222
                                                                                                   High Profile Location
                         Brickel’s Racing Building                                                 Great Retail/Showroom Facilities in front with
                                                                                                   Modern Offices and Easy Access Warehouse Space
                            101 S. Centre Ave                                                      Attached. Ideal Flex Space Arrangement.
                           Leesport, PA 19533


                                                                                              Project Overview
                                                                                                         The property was built in 2001 as a one-story
                                                                                              retail office and warehouse-building which contains
                                                                                              24,000 square feet. The building has approximately
                                                                                              5,000 SF of retail space in the front with 6,500 SF of of-
                                                                                              fice and 12,500 SF of warehouse space. There is a mez-
                                                                                              zanine area above office containing 6,500 SF of addition-
                                                                                              al space accessed from two sets of stairs utilized as a
                                                                                              mechanic and storage platform.




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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                                                            9


                                              Lease                                                                                  Lease

                                      400 Washington                                                                        10 Zion Church Rd.
                                          Street                                                                             Shoemakersville,
                                        Reading, PA                                                                                 PA



106,500 SF Total                  Spaces Range from                            13,000 Total sf. Building                 Great Visibility
Building Size                     500 SF to 4,909 SF on                        Up-to 2,322 sf.                           Frontage on Rt. 61
20,852 SF Available               one Floor and 7,996                          Various Suite Sizes
1.10 Acres                        on two other                                 2.42 Acre Site
Flexible Floor Plans to           Consecutive Floors
meet a Variety of Space
needs


                                              Lease                                                                                  Lease

                                      220 N. Park Rd.                                                                        555 Raymond St.
                                      Wyomissing, PA                                                                           Reading, PA




1,350 sf. Second Story            Access to Park Road in                       2,300 sf. Suite For Lease                 Easy access to 5th
Office Space                      Wyomissing                                   Large on-site surface                     Street Highway
Flexible Terms &                  Directly Across from                         parking lot consisting of                 Fully ADA compliant
Conditions                        VF Outlets                                   approximately 44                          with passenger
Large Surface Parking                                                          parking spaces                            elevator
Lot




                                        Sale or Lease                                                                          Sale or Lease

                                    16 Margaret Street                                                                        44-48 Wingco
                                     Muhlenberg, PA                                                                               Lane.
                                                                                                                             Muhlenberg, PA



Total Building Size:              Retail Options are a                         21,000 SF of Flex/                        All Units have rear 14’
6,000 SF Office Building          Perfect Fit                                  Warehouse in Two                          Over Head Doors
5.13 Acres                        Other Retail and Flex                        Buildings                                 All Units have 16’
Site is Ideal for Hotel,          Commercial Proper-                           2.71 Acres                                Ceilings in Shop Area
Auto Dealership, or               ties also Available at                       Spaces Range from
Additional Office                 this Interchange                             1,200 SF to 5,000 SF
Expansion



                           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
                           withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
         10

                                                      Lease Pending                                                               Sale or Lease

                                                       2668 Leiscz’s                                                             803 Euclid Ave.
                                                        Bridge Rd                                                                  Temple, PA
                                                       Leesport, PA



      5,000 SF Available                        One 12’x14’ Overhead                         17,101 sf. Facility             Divisible to 1,500 sf.
      9.765 Acres Total Site                    Door                                         Redevelopment                   Office and Warehouse
      Easy Access to Major                      Public Water and                             Opportunity                     Capabilities
      Roadways and very                         Sewer                                        3-Stop Freight Elevator         Extremely Affordable
      close to Rte. 222 Bypass                  High Quality                                 allows for use on all           Space
      104 Parking Spaces                        Construction                                 levels




                                                       Sale or Lease                                                                   Lease

                                                   101 S. Centre Ave.                                                           1400 Laurel Blvd.
                                                     Leesport, PA                                                                 Pottsville, PA




      24,000 Total Sq. Ft.                      2.29 Acre Lot with                           70,000 sf. Total Building       Facility is equipped
      Mixed Use Facility                        over 65 surface                              55,000 sf. Available            with a 5 Ton Crane
      Class “A” Property with                   parking spaces                               Immediately                     Large Warehouse with
      Frontage on Rt. 61                        6,000 sf. expansion                          10 + Total Acre Site            Minimal Office
      Access from Rt. 61                        potential in Mezzanine                       Three 8 x 10 Docks




                                                       Sale or Lease                                                              Sale or Lease

                                                        1456 Rt. 61                                                              30 N. 3rd St.
                                                       Pottsville, PA                                                           Womelsdorf, PA




      12,500 sf. Cross Docked                   4.5 Acre Lot allows for                      120,000 sf.                     5 acre lot consisting of
      Warehouse/Flex Facility                   additional                                   Manufacturing Facility          mostly a macadam lot
      18’ + Ceilings with                       development.                                 Various size ranges for         Easy access to Rt. 422
      various means of access                                                                warehouse and                   Between the Lebanon
      Located Along Rt. 61                                                                   production space                and Berks County line.




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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                                                         11


                                            Lease                                                                                  Lease

                                       141 S. 7th St.                                                                     201 S. Front Street
                                       Reading, PA                                                                           Reading, PA




34,400 sf. Total For            3 Large Overhead                             41,938 SF                                 Great Exposure to Rte.
Lease                           Doors and 1 Dock                             Manufacturing Building                    422
Warehouse and Office            Very Well Kept and                           Rail Spur On-Site                         Two 10-Ton Cranes
capabilities                    On-Site Ownership                            5.7 Acre Gated Site                       Ceilings to 42’ 7”
Secure Parking Area                                                          Fenced & Gated Lot




                                            Lease                                                                            Sale or Lease

                                     220 N. Park Rd.                                                                       Rt. 22 & I-78
                                     Wyomissing, PA                                                                       Exit. 16, Bethel, PA




40,000 sf. Prime                28,000 sf. is Crane                          180,000 sf. Build to Suit                 Next to Proposed 1
Warehouse/                      Served with Easy                             Located along                             Million Square Foot
Manufacturing Space             Access thru Docks and                        Interstate I-78 and                       Distribution Center
for Lease                       Drive-Ins                                    within easy access to                     which was sold
Large overhead crane                                                         the Midway Exit.                          separately to Prologis
system                                                                       Great Visibility




                                             Sale                                                                                  Lease

                                     218 Pine Street                                                                      184 Tuckerton Rd.
                                      Hamburg, PA                                                                            Reading, PA




63,035 SF +/-                   Heavy Power/480 Volt                         384,000 total sf. with                    Distribution/
42,000 SF +/- on 1st            Perfect for fabricators,                     around 200,000 sf. for                    Manufacturing space
Floor                           assembly, testing,                           Lease                                     within the various
3,000 Lb. Elevator and          bench work or other                          Easy divisible and Unit 1                 units.
Conveyor to Second              floor based operations                       contains high bay
Floor                                                                        ceilings with easy access




                         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
                         withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                                                           12


                                                      Sale or Lease                                                                   Lease

                                                     2018 N. 11th St.                                                           220 N. Park Rd.
                                                       Reading, PA                                                              Wyomissing, PA




      20,000 sf. Single Story                   Large Surface Parking                        8,520 sq. ft. Suite             Large On-Site Parking
      Warehouse Building                        Lot for Truck and Car                        Divisible to 1,900 sq. ft.      Lot
      2 Large Interior Well                     Parking                                      High Visibility                 Large Retail/Flex
      Docks with a Single                       Easy Access to Rt. 12                        Directly across from VF         Campus
      Tailgate Dock                             bypass                                       Outlets
      Potential Rail Siding




                                                            Lease                                                                 Sale or Lease

                                                     4870 Penn Ave                                                             10-12 Wingco Lane
                                                   Sinking Spring, PA                                                           Muhlenberg, PA




      4,800 SF Existing Retail                  One Existing Traffic                         20,250 SF Gross                 Spaces Range from
      (Former Blockbuster)                      Signal and One                               Building Area                   1,250 SF to 6,000 SF
      End Cap, can be                           Approved for Future                          3 Acre all macadam lot          with a Mix of Quality
      Demised                                   Development                                  Property is set up for          Tenants
      Alternative Uses                          Ample Parking On-site                        office, medical, or small       Located just off Rt. 61
      Include Medical/Office                    15 +/- Acre Total Site                       retail                          & Rt. 222 with
                                                                                                                             visibility



                                                      Sale or Lease                                                               Sale or Lease

                                                    1311 Penn Ave                                                                Redner’s Way
                                                    Wyomissing, PA                                                               Leesport, PA




      8,000 SF Total Building                   12’ Ceiling Height in                        Fully Approved Retail           4.5/1000 Parking
      4,000 SF Per Floor                        Warehouse - 10’ in                           Site                            Spaces
      .55 Acres                                 Office                                       5.02 Acres                      Site is Located Next to
      32 On-Site Parking                        Excellent Highway                            Frontage on Rte. 61,            Redner’s Warehouse
      Spaces + 6 Off-Street                     Access                                       Great Highway                   Market
                                                                                             Exposure




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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                          13


                                Sale or Lease                                    Sale or Lease

                               201 S. Front St.                                 4870 Penn Ave
                                Hamburg, PA                                   Sinking Spring, PA




20 Acre Retail/Office      Great Visibility       30,000 Square Foot        Site is divisible to
Development                Close proximity to     proposed retail center    10,000 Sq. Ft.
Newly Built Road           Cabela’s and New       3.5 Acre lot              Redner’s Anchored
Connected to Rt. 61        Lowes/Wal-Mart         Signalized Intersection   Shopping Center
Frontage on Rt. 61         shopping center        High Trafficked Loca-




                                    Lease                                             Sale

                               10 Ingot Drive                                   243 Grimley St.
                                Blandon, PA                                      Kutztown, PA




Fully Approved 9,100 sf.   Build-to-Suit          Fully Approved 20 Unit    Easy Access to
Site                       Medical & Retail       Apartment Complex         Downtown Kutztown
1.06 Total Acres           Potential              Within Close Proximity
All Utilities to Site      Close to Residential   to Kutztown University
Public Water & Sewer       Developments




                                     Sale                                        Sale or Lease

                            5320 Allentown Pk.                                4090 Perkiomen Av
                               Temple, PA                                        Reading, PA




6.41 Acres                 Strategically Placed   Fully Approved Retail     Build-to-Suit
All Utilities On-Site      Between a Wal-Mart     Site                      Straddles Two Traffic
Ground Lease Available     Super Center and       Pad Ready Site with all   Signals
Right off North 5th        Sam’s Club             infrastructure in place
Street Highway                                    3.16 Acre Lot
                                                               Retail Opportunities                                                                 14

                                                                 Lease                                                                          Lease
                                 Frontage of Rt. 61                                                                   5 Total Pad Sites with 50,000
                                 Directly across from New                                                             sf. of Retail Box Space and
                                 Medical Office Building (MOB)                                                        Inline along with an additional
Rt. 61 S. Claude A.                                                                     Villages at Deer              18,000 sf. Office
                                 Fully Equipped with Storage
     Lord Blvd.                  Tanks & Compressor                                           Lake                      Fully Approved Retail
  Pottsville, PA                                                                         Deer Lake, PA                  Shopping Center

                                                                 Lease                                                                      Sale or Lease
                                  1,950 +/- SF Retail Space with                                                             Former Mady's Car Wash
                                  Direct Access to Gold’s Gym and                                                            Site has been completely
                                  Exterior Access to Parking Lot                                                             leveled and is now Pad Ready
Former Baja Beach                 Well Established Entertainment &                   411 Claude A. Lord                       Owner would consider Sale,
  1107 Bern Rd.                   Retail Center                                             Blvd                             Ground Lease or a Build to
 Wyomissing, PA                                                                        Pottsville, PA                        suit


                                                           Investment Opportunities

                                                                  Sale                                                                          Sale

                                   147,000 SF                                                                           117,000 SF Industrial Building with
                                   Consists of two buildings situated                                                   8,000 SF Office
                                   on 12 acres                                                                          10 Yr. Absolute Net Lease
Hamburg Industrial                 Part of Hamburg revitalization dis-                    Industrial                    Built in 2006
   15 Yr. Lease                    trict at Rte. 61/I-78                                  Leaseback                     12.5 Acres
                                                                                                                        First Yr. NOI, $680,000




                                                           Sale or Lease                                                                    Sale or Lease
                                   21,000 SF of Flex/Warehouse in                                                       20,250 SF Gross Building Area
                                   Two Buildings                                                                        Spaces Range from 1,250 SF to
                                   Spaces Range from 1,200 SF to                                                        6,000 SF with a Mix of Quality
    Cross Keys                     5,000 SF                                             Cross Keys                      Tenants
44-48 Wingco Lane                  This Space has a Consistent                      10-12 Wingco Lane                   Property is set up for office,
                                   History of Good Occupancy with                                                       medical, or small retail
                                   the Convenience of other Office,                                                     The Center has Approved Plans
                                   Retail, and Self-Storage Facilities                                                  for an Additional Pad of
                                   available                                                                            Approximately 4,000 SF




                                           www.Bryan-Cole.com


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
withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                                                                   15


                                              NAI Keystone Service Information
Brokerage Services                                New Projects                                               Investment
     Tenant Representation                             Development & Redevelopment                                 Property Sales
     Site Selection
     Lease Negotiation                                      Sample Photo
                                                       Tenant Improvements
                                                       Consulting Services
                                                                                                                   Land Sales
                                                                                                                   Sale-Leasebacks
     Landlord Representation                                                                                       Investment Grade Opportunities
          - Office
          - Industrial
          -Retail
     Seller Representation
     Buyer Representation



                             We Have Buyers & Tenants Looking for the following
The Following:

    Wyomissing/West Reading 1-2 Acre Retail Sites
    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
                                             And We Will Do All We Can To Help...



                          Bryan Cole of NAI Keystone Commercial & Industrial, LLC
Bryan E. Cole
Office and Industrial Specialist

Bcole@naikeystone.com
Phone 610.370.8502
Fax    610 779 1985

Bryan joined NAI Keystone in July of 2004, but before joining NAI Keystone, Bryan Cole spent 4 year’s active duty in the U.S.
Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment
in Japan.

Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia
suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During
Bryan’s time with NAI Keystone, he has sold and leased in the excess of $230 Million Dollars worth of Commercial Real Estate.

Because of this, Bryan earned NAI gold club status his first year in the business which is presented to approximately 75 - 100
brokers within the NAI Global network, which is comprised of over 8,000 Brokers. Bryan is currently working on earning both his
CCIM designation and SIOR designation. Bryan is currently NAI Keystone's Top Performer for 2006-2010.




                                   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
                                   withdrawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
                                                                                                        16

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

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                                                                               Return Service Requested

                                                                                           www.NAIKeystone.com
                                                                                           www.Bryan-Cole.com

                                                                                     Reading, PA 19606
                                                                                     Suite 200
                                                                                     3970 Perkiomen Ave
                                                                                     Exeter Ridge Corporate Center

                                                                                       Industrial, LLC
                                                                                       NAI Keystone Commercial &
                                                                                                     Bryan Cole

				
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