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NAI Keystone - Bryan Cole, April's Greater Reading Commercial Real Estate Newsletter

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NAI Keystone - Bryan Cole, April's Greater Reading Commercial Real Estate Newsletter Powered By Docstoc
					           Greater Reading                                                                                                Mar/Apr 2010




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

A Publication by Bryan E. Cole of NAI Keystone Commercial & Industrial, LLC                                               Mar/Apr 2010


 STRAIGHT FROM THE NAI BLOG                    Greater Reading Office Market Report: 4th Qtr 2009 to 1st Qtr 2010
                                               By Bryan Cole and John Buccinno

      67,000 Sq. Ft.                           The fourth quarter of 2009 was a slow          user in Wyomissing and a 10,000 square
    Industrial Facility                        and painful period for office space in the     foot lease signed in Wyomissing. These
          Sale                                 Greater Reading Market. Vacancy rates          deals are from companies within the
                                               increased throughout the county as com-        County, however by adding to their over-
 NAI Keystone, with                            panies were downsizing, relocating to          all presence they are reducing the amount
 the assistance of Reading Eagle, Read‐        smaller spaces, or closing operations.         of space currently on the market.
 ing Area Community College, Steve             The market faced challenges in the 4th
 Buck of Stevens & Lee, and Geoff              quarter with Class “A” building vacan-         Deals are getting done because landlords
 Stoudt of Kozloff Stoudt finalized a          cies increasing from 7.5% to 10%,              are reacting to current market conditions,
 deal to sell/purchase the facility lo‐        mainly due to the increased development        which means companies are getting fa-
 cated at 201 S. Front Street in down‐         and softening demand at the higher price       vorable incentives, such as introductory
 town Reading.                                 points, along with stiff competition from      rates, rent abatements and additional ten-
                                               aggressive landlords. Class “A” build-         ant improvements. Also, landlords are
                                               ings have typically been a safe sector in      now offering tenant improvements and
                         8,000 Sq. Ft. and     the marketplace because of low inven-          incentives to keep their existing tenants.
                           3,500 Sq. Ft.       tory; however with new developments
                          Medical Lease        coming on line, and companies looking          Continued on Page 4
                                               for lower rents the Class “A” sector is
                                               seeing less demand, greater competition
NAI Keystone, with the assistance of           and more vacancy.                                             In This Issue
Kinsley Construction and two separate 
                                                                                              1           Straight from the NAI Blog
brokerage firms leased space to two            The Class “B” sector experienced the           1,4         Featured Article
Medical Users at the Wyomissing Cor‐           same issues in the 4th quarter 2009 as did     2           New Listings
porate Campus.  Sleep Apnea Solu‐              Class “A” due to the economic condi-           3           Industrial Listings
tions and Dr. Deibert leased the Space.        tions. Vacancy rates increased mildly          3           Current Requirements
The property is a Office Campus just off       from 13.4% to 14% while rental rates           4           Resources
State Hill Road in Wyomissing.                 dipped more than 10%. Base rates               4           Lease Types
                                               within this sector range from $8-9 per         5           Industrial Listings Cont.
                                               square foot and topping out at $12-13          6,7         Real Estate Listings Map
 PROPERTY OF THE MONTH                         per square foot with gross rates coming        8           Featured Property
                                               in around $15-16 per square foot.              9           Sale-Leasebacks Article
                                               Downtown City of Reading vacancy               10          Office Listings
                                               rates continue to increase in late 2009        11          Office Listings Cont.
                                               with rates rising 14.5% to 17.5% with          12          Land and Investments
                                               much of the vacancy surrounding large          13          Bryan Cole Resume
                                               blocks of contiguous space.

                                               2010 is showing some signs of hope,
                                               with new leases and deals being con-             We are Looking for Professional
                                               summated including the 175,000 square
                                               foot Acute Care Center that was built by
                                                                                                Articles for our upcoming issues!
                                               the Reading Hospital and Medical Cen-
       Meridian Development                    ter in Wyomissing, a 32,000 square foot          For More Information check
       Wyomissing PA 19610                     newly executed lease with a medical
                                                                                              www.Bryanecole.com or email us at
Prime Condo opportunity in Spring Ridge 
Section.  Suites from 2,500 SF to 70,000                                                          Bcole@naikeystone.com
SF Available.  New Development.   
SALE OR LEASE                                                                                                610.370.8502
                           ‐‐ See Page 8 

                                                     www.BRYANECOLE.com
           2                  ———————————— NEW LISTINGS ———————————–




     PLACE YOUR PROPERTY HERE



Contact Us Today!                                                                                 210 George Street, Muhlenberg PA 19605 
Bryan E. Cole @ 610 370 8502                                                               37,500 square foot multi tenanted office building in the 
Bcole@naikeystone.com                                                                      Reading suburb of Muhlenberg Township, Berks County, PA. 
                                                                                           Divisible to 1,500 SF. High Profile Location.  SALE OR LEASE 




            811 William Lane, Reading PA 19603                                                          525 Lancaster Avenue, Reading PA 
23,500 Sq. Ft. Office Building located on 3 acres in north Read‐                          110,000 Sq. Ft. Shell Building ready for renovation. Sits on 3.8 
ing. 7,500 Sq. Ft. available on the second floor, plus a 16,000                           acres with 524 off‐street parking spaces. Multiple uses allow‐
Sq. Ft. Build to Suit Opportunity. SALE or LEASE                                          able per zoning.  SALE OR LEASE 




               501 Crescent Avenue, Reading PA                                                   Build to Suit, 811 William Lane, Reading PA 
37,997 Sq. Ft. Office/Flex use building on 2.34 acres. 6,000 Sq.                          16,000 Sq. Ft. Build to Suit opportunity adjacent to 811 Wil‐
Ft. of warehouse/flex space available. Current tenants are PA                             liam Lane. Approved plans for office/flex style building .  SALE 
Career Link and Papa John’s Pizza.  SALE OR LEASE                                         OR 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 with-
drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
           3                  ———————————— NEW LISTINGS ———————————–




        700 Lancaster Avenue, Reading PA 19604                                                          New Medical Facility ‐ 15 Yr Lease 
13,600 Sq. Ft. Office Building. Recently completed redevelop‐                             16,000 Sq. Ft. newly constructed Medical Facility with 15 year 
ment project. 3,500 Sq. Ft. Available to use or lease.  SALE                              lease to a Credit Tenant.  High Profile Location.  SALE  




           Hamburg Industrial Sale—15 Yr Lease                                                   501 Washington Street, Reading PA 19601 
147,000 Sq. Ft. consisting of 2 Building’s situated on 12 Acres.                          108,000 Sq. Ft. Class B Office Building at the Corner of 5th & 
Credit tenant recently signed a 15 year lease. Part of Ham‐                               Washington.  The building is under new management by NAI 
burg, PA revitalization district at Rte 61/I‐78.   SALE                                   Keystone.  Suites from 1,000 sf and up.  SALE OR LEASE 




       1235 Penn Avenue, Wyomissing PA 19610                                                          School Side Plaza, Leesport PA 19533 
2 Suites available at this excellent location in Wyomissing PA.                           Excellent office space available in this multi‐tenanted building, 
2,325 Sq. Ft. and 3,503 Sq. Ft. office spaces ready for immedi‐                           well‐suited for small businesses or individual users. Spaces 
ate occupancy. Off‐street Parking available. LEASE                                        range from 150 SF to 5,500 SF.  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 with-
drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
           4                  —————————— Featured Article cont. ———————————–
 Class “A” vacancy so far in the first               Berks Development Fund and Berks                     occurring mostly in the City of Reading.
 quarter of ’10 has remained stabile                 Economic Partnership leasing space
 with current rates ranging from                     at 201 Penn Street the market re-                    The City of Reading and economic development
 $15.50 - $16.75 (Triple Net) on the                 mains flat due to these companies                    groups have been working hard to improve and
 high side; however there is consider-               coming from existing space within                    revitalize Downtown which shows in the number
 able downward pressure on pricing                   the City. Buildings that have seen                   of projects underway. The new IMAX Theater and
 within this segment that is just begin-             vacancy for some time, including 645                 the nearly completed addition to the Reading Eagle
 ning to be noticeable.                              Penn Street and 501 Washington                       Headquarters in the CBD are welcome entrants to
                                                     Street are starting to show some signs               the market and kick off a multi-million dollar main
 Class “B” vacancy rates remained                    of hope due to new management and                    street corridor project that includes a new $67 mil-
 steady, but pricing is all over the                 ownership changes taking effect.                     lion Doubletree hotel and garage project across
 board due to aggressive incentives                  Owners and tenants are continuing to                 from the Sovereign Entertainment and Expo Cen-
 and introductory rates offered by                   struggle with high parking costs and                 ter. This will help attract a more vibrant restaurant
 landlords. Pricing is currently in the              security concerns, which are continu-                and entertainment segment with increased ameni-
 $8.00/sf - $12.50/sf and we believe                 ing to be addressed by a committed                   ties and ultimately assist to bring tenants back
 this will continue into the foreseeable             City Administration.                                 downtown while decreasing vacancy rates and
 future, especially since a large block                                                                   increases in the tax base.
 of space has recently come on the                   The suburban market has been flat on
 market due to a major relocation.                   the sale side, due to the continued                  The Greater Reading Area offers affordable rents
 Recent absorption has come mainly                   economic conditions as seen in early                 with good amenities and a well educated work
 from expansion of operations by                     2009 along with difficulty obtaining                 force. The residential market has remained stable
 companies already in the market, two                financing. Most of the transactions                  even in these most troubling times with below av-
 notable leases were a 32,000 square                 are occurring with owner/users with                  erage declines in home prices. The desirable bed-
 foot medical user and a 8,500 square                established and well capitalized busi-               room communities along with excellent schools
 foot utility.                                       nesses or from deals being consum-                   makes the area a good location to raise families
                                                     mated due to creative financing                      and run businesses.
 Downtown City of Reading, although                  where by owners are holding back
 has seen some new deals consum-                     second mortgages or financing pro-                   By Bryan Cole and John Buccinno
 mated, like the Greater Reading                     jects outright. Pricing has remained
 Chamber of Commerce, Greater                        fairly steady with reduction in value

                   Check out our New Property Specific Websites                                                              Featured Marketing Items
                           (More Coming Soon) 
                                     
                                     
 www.SpringCorporateCampus.Bryanecole.com 
 www.WyoCorporateCampus.Bryanecole.com 
 www.PremiumBusinessCenter.com 
 www.1MeridianBlvd.Bryanecole.com 
 www.101southcentreavenue.bryanecole.com 
 Many More... 




                                                                                                                       2010 Global Market Report - Global
                                                                                                                              Market Information

                                                                                                                       Commercial Real Estate Newsletter -

                                                                                                                        All information and archives can be
                                                                                                                         found on www.BryaneCole.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 with-
drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
 —————————— Real Estate Listings Map ———————————                                                                                                        5


Check out the new www.Bryanecole.com with
         improved Property Search and Map Search
                       Functions.




                                                            DEALS AND HIGHLIGHTS

 NAI Keystone, with the assistance of Kinsley Construction,                     Kinsley Construction, Metropolitan Management and NAI
 and an outside broker leased space to Sleep Apnea Solutions                    Keystone handle 36,000 Sq. Ft. office lease to an un-named
 at The Wyomissing Corporate Campus. Sleep Apnea Solutions                      party. The facility will be built within the Wyomissing
 leased approximately 8,000 sq. ft. of Space. NAI Keystone was                  Corporate Campus. The site will continue to have 100,000 +
 the landlords representative in the transaction. The property is a             Sq. Ft. for lease. Thank you to Kinsley Construction and
 Office Campus just off State Hill Road in Wyomissing.                          Metropolitan, and the End User for their help in this transac-
                                                                                tion.
 NAI Keystone, with the assistance of Kinsley Construction,
 and an outside broker leased space to Dr. Deibert at The                       NAI Keystone’s Bryan Cole has completed $14 Million Dollars
 Wyomissing Corporate Campus. Dr. Deibert leased approxi-                       worth of new leases in the 1st quarter of 2010. Thank you to all
 mately 3,500 sq. ft. of Space. NAI Keystone was the landlords                  or our clients and tenants for their help.
 representative in the transaction. The property is a Office Cam-
 pus just off State Hill Road in Wyomissing.                                    For More Information about Recent Deals and Highlights
                                                                                please check http://bryanecole.com/comapnynews.html or
                                                                                join our mailing list for updated information and news.

                                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   —————————— Real Estate Listings Map ———————————
                                         Office Property


                                         Industrial Property


                                         Commercial Property


                                         Investment Property


                                         Land & Sites
      —————————— Real Estate Listings Map ———————————                                                                              7

          Office               City                  Property Name                 Commercial                City          Property Name 
1 Meridian Blvd          Wyomissing        Meridian Building                 426 Penn Avenue          West Reading      
3 Meridian Blvd          Wyomissing        Meridian Building 3               428 Penn Avenue          West Reading      
1075 Berkshire Blvd      Wyomissing                                          430 Penn Avenue          West Reading      
2001 State Hill Road     Wyomissing        Executive Park                    500 Penn Avenue          West Reading      
2755 Century Blvd        Wyomissing        Century Blvd Park                 502 Penn Avenue          West Reading      
2758 Century Blvd        Wyomissing        Century Blvd Park                 511 Reading Avenue       West Reading      
1030 Reed Ave            Wyomissing        Wyomissing Corporate Campus       5306 Allentown Pike      Temple           Temple Plaza 
10 Hearthstone Ct.       Exeter                                              Beech Street Property    Pottstown         
3970 Perkiomen Ave       Exeter            Exeter Ridge                                                                 
Iroquois Ave             Sinking Spring    Hoffman Industries Office Park                   Land             City           Ground Type 
101 S. Centre Ave        Leesport          Former Brickel’s Facility         201 Front Street         Hamburg          Retail Ground 
400 W. Lancaster Ave     Shillington                                         301 Golden Oaks Drive    White Haven      Residential Approved 
850 Golden Dr            Blandon           MaidenCreek Plaza                                                           Ground 

201 Penn Street          Reading           Gateway Building                  2370 Bernville Road      Bernville        Retail Ground 
                                                                             (183) 
777 Court Street         Reading           Berkshire Towers 
                                                                             725 Hex Hwy              Hamburg          Residential Ground 
50 North 4th St.         Reading           Washington Towers 
                                                                             I‐84, Pike County        Pike County      Industrial Ground 
501 Washington St        Reading           Berkshire Building 
                                                                             Rt. 724                  Birdsboro        Residential Approved 
210 George Street        Muhlenberg        Muhlenberg Plaza 
                                                                                                                       Ground 
525 Lancaster Avenue     Reading                                             Union Street             Pottsville       Retail Ground 
                                                                             3 Meridian Blvd          Wyomissing       Office Ground 
        Industrial             City                  Property Name                                                      
30 North 3rd Street      Womelsdorf        Former Double H Boot                    Investments               City          Investment Type 
                                           Facility 
                                                                             201 Front Street         Hamburg          Industrial Tenant ‐ Sale 
171 Tuckerton Road       Muhlenberg        Former Power Pckg                                                           Leaseback ‐ 15 Yr NNN  
                                           Warehouse 
                                                                             1 Norwegian Blvd.        Pottsville       Office Building ‐ Fully 
1055 Cross Roads         Muhlenberg        Former Power Pckg Plant                                                     Leased 
1157 Arnold Road         Muhlenberg        Airport Industrial Park           Rt. 901                  Minersville      Retail Strip Center 
201 S. Front Street      Reading           Former Reading Eagle  
                                                                             700 Lancaster Avenue     Reading          Office Building 
                                           Facility 
                                                                             501 Crescent Avenue      Reading          Office Building 
2018 N. 11th Street      Reading            
                                                                             Office Build to Suit     Not Disclosed    Medical Facility ‐ 15 Yr 
3001 St. Lawrence Ave    Exeter            Goodwill Building 
                                                                                                                       Lease NNN 
330 N. Wyomissing Ave    Shillington       Former Goodwill Industries 
725 Hex Hwy              Hamburg           Former West Side Wood Pro. 
1298 Keystone Blvd       Pottsville        Fanelli Warehouse  
1070 Centre Turnpike     Orwigsburg        Former MRD Lumber 
1584 Bunting Street      Minersville       Former Kane Steel 
811 William Lane         Reading           Wesco Warehouse Facility
           8                      —————————— Featured Property ———————————–
PROPERTY OF THE MONTH




       Spring Ridge Campus 
    3 Meridian Blvd, Wyomissing 
             PA 19610 
                   
•       Single Story Prime Office or Medi‐
        cal Buildings  in Wyomissing PA.  
•       64,400 Sq. Ft. Corporate Campus. 
•       Condo Sale Opportunities 
•       Build to Suit Available 
•       Professionally Managed 
                                                                                                                            Preliminary Site Plan 

                                          Building 1A: 12,400 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For Lease
                                          Building 1B: 16,600 Sq. Ft. - Divisible to 3,000+/- Sq. Ft. For Lease
                                          Building 1C: 23,000 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For Lease
                                           Building 2: 12,400 Sq. Ft. - Divisible to 3,000+/-Sq. Ft. For Lease

  Property is situated along Meridian Boulevard in Spring Township. Property is within close proximity of
  major retailers, restaurants and other amenities including Target, Weiss Market, Barnes & Nobles, Chili’s,
Panera Bread to name a few. Great access to Berks county road systems within 1 mile of the ramps to Rte 222.

                                        Join the Meridian Place Class AAA Office Campus
           1 Meridian Blvd 
         Wyomissing, PA 19610 
     
    •    40,000 Sq. Ft. Premium Office 
         Space Available 
    •    Divisible to +/‐ 2,000 Sq. Ft. 
    •    On‐Site Cafeteria 
    •    Fitness Center 
    •    24/7 Security 
    •    Adjacent to Broadcasting 
         Square Shopping Center 
    •    Attractive Rates 


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.
            ——————–—— Sale-Leasebacks—————————–                                                                               9

                                                                 RESOURCES

   TEAM NAI Keystone: 
    
   NAI Keystone Commercial & Industrial, LLC provides businesses with the highest quality services and the best real estate 
   solutions for maximizing profitability and performance levels.  As a result of our commitment to excellence, we have won 
   the respect of local, national and international clients since our inception. Our clients range from Fortune 1000 corporations, 
   major banks and insurance companies to investors, private institutions, small businesses and local organizations. 
    
   Services Rendered: 
    
   • Tenant/Buyer Representation                            • 1031 Tax Deferred Exchanges 
   • Sales/Leasing/Subleasing                               • Business and Market Data 
   • Major Project Marketing                                • Portfolio Optimization 
   • National and International Corporate Services  • Investment Analysis 
   • Build‐To‐Suit Projects                                 • Property Management ‐ Commercial, Multi Family, Industrial 


                             What kind of Rent are you paying? Confused? Call us for help!

Gross Lease: A Lease in which, for a specified Rent, the Landlord provides all Services and Repairs and pays all expense of the
leased property, such as taxes, insurance, maintenance, utilities, etc…

Full Service Rent: A rental rate that includes operating expenses and real estate taxes for the first year. In most cases the tenant
will pay for any increase in operating expenses over the base year amount. Some times stated as Base Year Rent.

Net Lease: Lease in which the Tenant is responsible for payment of Rent, plus some or all Operating Expenses such as taxes, insur-
ance premiums, repairs, utilities, etc… On most occasions landlord remains responsible for roof and structure.

There are also “net-net” (double net) and “net-net-net” (triple net) leases, depending upon the degree to which the tenant is responsi-
ble for operating costs.

Triple Net (NNN) Rent: Rent stipulated in a lease in which the tenant agrees to pay all of the landlords operating expenses and real
estate taxes for the building. This is often referred to as “CAM & Taxes”, the CAM being “Common Area Expenses”. This is the
most common form of lease used in the Berks Market.

Base Rent: A Set amount used as minimum rent in a lease which also utilizes a percentage or other allocation for additional rent.

                                        —————————— Retail Properties ———————————–




       5306 Allentown Pike, Reading PA 19605                                 1800 Kutztown Road, Reading PA 19604 
2,300 + Sq. Ft. prime retail space located in front of Sam’s          7,300 + Sq. Ft. single story building with loading dock.  Wide 
Club. Over 19,000 vehicles per day. Additional storage facili‐        column spacing makes this a great use for either Industrial or 
ties/warehouse space available on‐site. LEASE                         Retail users. LEASE or Sale 
          10                    —————————— OFFICE LISTINGS ———————————–




                                                                                                                                                             
                                                                                                                                    Hillvale & Iroquois Ave,  
                                                                                                                                              Sinking Spring  
                                                                                                                          Class A Office complex with all approv‐
          1 Meridian Blvd, Wyomissing PA 19610                                                                            als in place.  Site will range from a 
Class A Office Building located just off Route 422 and Route                                                              6,000 SF building to a 53,160 multi 
222 in Wyomissing.  High Profile location, with cafeteria on‐                                                             story office building.   
site, conferencing facility, and gym.  45,000 SF available which                                                                                      SALE OR LEASE 
is divisible to 2,500 SF.  LEASE 




            Spring Street, Wyomissing PA 19610                                                         201 Penn Street, Reading PA 19601 
Prime Office Space in Wyomissing PA.  158,000 Sq. Ft. Corpo‐                              95,000 Sq. Ft. Class A Office Facility in Downtown Reading.  
rate Campus with 11,000 Sq. Ft. available immediately; build                              Prime location with suites from 3,500 Sq. Ft. available.  Intro‐
to suit opportunities, to 50,000 + SF.   LEASE                                            ductory Rate of $7.50 Per SF.   SALE OR LEASE 




      3970 Perkiomen Avenue, Reading PA 19606                                                       3 Meridian Blvd, Wyomissing PA 19610 
Newly constructed Class A office building in Exeter Township.                             Single Story Condos to be built at Spring Ridge.  Prime office 
Prime location with ready to design floor plates.  Green Con‐                             and Medical space available with over 5 parking spaces per 
struction and Loaded with Newest Technology. SALE OR LEASE                                1,000 sq. ft.   SALE OR 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 with-
drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
  ————————–—– OFFICE LISTINGS cont. ———————-——–                                                                                                        11




       10 Hearthstone Court, Exeter PA 19606                                              3602 Kutztown Road, Reading PA 19605 
13,000 Sq. Ft. Office Building on 1.2 acre site with great access                5,000 SF of Prime downtown Office space with off street park‐
to Rte 422. Excellent lease opportunities with 6 months free                     ing adjacent to Muhlenberg  School District.  Can be config‐
rent for 3 year terms or more.   LEASE                                           ured to tenants needs.   LEASE 




       108 South 5th Street, Reading PA 19601                                          1075 Berkshire Blvd, Wyomissing PA 19610 
                                                                                2,120 Sq. Ft. prime Wyomissing office space with medical type 
8,000 Sq. Ft. Office Building adjacent to the Reading Public 
                                                                                fit‐out and large on‐site parking field.  Property is ideal for 
Library. Excellent office or retail opportunities with 26 off‐
                                                                                many types of users and has below market rents.  LEASE 
street parking spaces.   LEASE 




                  Park Road, Blandon PA                                               2640 Westview Drive, Wyomissing PA 19610 
Prime Retail Office Space in Blandon Twp.  The site is known as                 Approximately 1,900 Sq. Ft. of Prime Class “A” office space 
MaidenCreek Towne Center and has up to 24,000 Sq. Ft. avail‐                    along State Hill Road.  Large on‐site parking field, and great 
able, Divisible to 1,300 Sq. Ft. LEASE                                          visibility. 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 with-
                                drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
 ——————–—— INDUSTRIAL LISTINGS cont. —————————–                                                                                                         12




                                                                                             201 S. Front Street, Reading PA 19601 
         1157 Arnold Road, Reading PA 19605                                       60,000 + Sq. Ft. situated on 5+ Acres and located just off Penn 
  Up to 82,500 Sq. Ft. available in this 219,000 Sq. Ft. Class A                  Street in Reading.  Easy access to Route 422 and has high ceil‐
   Distribution Center.  Site has high dock/sq. ft. ratio and is                  ings and Is crane served.  SALE OR LEASE 
          available from 10,000 Sq. Ft. and up.   LEASE 




         1157 Arnold Road, Reading PA 19605                                                   30 North 3rd Street, Womelsdorf PA  
  Up to 82,500 Sq. Ft. available in this 219,000 Sq. Ft. Class A                  120,000 Sq. Ft. Manufacturing Warehouse Building for only 
   Distribution Center.  Site has high dock/sq. ft. ratio and is                  1,600,000.  Property is situated on a 5 acre lot and has easy 
       available from 10,000 Sq. Ft. and up.   SUB‐LEASE                          access to Route 422.   SALE OR LEASE 




         1070 Centre Turnpike, Orwigsburg PA                                              1450 Main St., Shoemakersville PA 19555 
20,000 Sq. Ft. Warehouse/Retail Site along Rt. 61 in Orwigs‐                      13,000 Sq Ft  newly renovated warehouse with high efficiency 
burg.  The site has high visibility and is very well maintained.                  bay lighting, insulated walls, ceiling  and new heater. 28’ ‐ 30’ 
High ceilings and large fenced lot.  SALE OR LEASE                                ceiling heights, 2 docks, 1 drive in. 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 with-
                                 drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
 ———————————— INDUSTRIAL LISTINGS ————————                                                                                                             13




       171 Tuckerton Road, Reading PA 19605 
208,500 Sq. Ft. of Prime Distribution Space; Cross Dock Layout                       3001 St. Lawrence Avenue, Reading PA 19606 
with easy access to Route 422/61.  Below market rents with                      30,000 Sq. Ft. for Lease in Mt. Penn PA.  Owned by a National 
visibility from Route 222. LEASE                                                Corporation;  high bay ceilings and self access.  Great location 
                                                                                along St. Lawrence Avenue.  LEASE 




           1298 Keystone Blvd, Pottsville PA                                           330 Wyomissing Blvd, Shillington PA 19607 
37,500 Sq. Ft, Prime Warehouse space located in High Ridge                      28,000 + Sq. Ft. Two Story Warehouse/Office Building located 
Business Park.  Just of I‐81 the site is ideal for any type of                  in Shillington PA.  Prime residential conversion opportunity.  
warehouse user.  LEASE                                                          Situated on a 1.76 acre fenced lot.  SALE OR LEASE 




         1055 Cross Roads, Reading PA 19605                                                184 Tuckerton Road, Reading PA 19605 
324,162 Sq. Ft. Distribution and Manufacturing Facility.  High                   245,000 Sq. Ft. of Prime Distribution Space; Cross Dock Layout 
Ceilings; Food Grade, 51 Dock Positions, Extensive Electrical,                   with easy access to Route 422/61.  Below market rents with 
1.7 Million GPD Water & 700 K GPD Sewer.  SALE OR LEASE                          visibility from Route 222. 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 with-
                                drawal without notice. All sizes approximate. NAI Keystone, 3970 Perkiomen Avenue, Suite 200, Reading PA 19606.
 ——————–—— INDUSTRIAL LISTINGS cont. —————————–                                                                                                        14




        725 Hex Highway, Hamburg PA 19526                                                        1456 Rt 61, Pottsville PA 17972 
15,000 Sq. Ft. of Building’s situated on 7.8 Acres.  This site is                10,00 Sq. Ft. Cross Docked Warehouse/Flex Building located 
prime for commercial or redevelopment into Residential. Easy                     along Rt. 61; 18’6” clear ceiling heights situated on 4.8 acres.  
access to I‐78/Rt. 61 and Cabela’s.  SALE OR LEASE                               Easy access to I‐81 and I‐78.  LEASE 




         430 Franklin Street, West Reading PA                                              209‐229 Lancaster Avenue, Reading PA 
Former West Reading Fire House, this unique building has po‐
                                                                                 Great Retail location, with high traffic counts and roof tops.  
 tential for variety of uses, with both office and storage capa‐
                                                                                 Site is currently in shell condition. SALE OR LEASE 
bilities.  Currently 3,000 sf to lease and total of 6,000 S.        
                          SALE OR LEASE 




          425 Lancaster Avenue, Reading PA                                                        341 Beech Street, Pottsville PA 
Located at Singled corner of Grace Street and Lancaster Ave‐                     Prime Re‐Development/conversion opportunity near the Main 
nue, this site is ideal for a redevelopment.  Potential of an ad‐                retail area of Pottstown.   Approved plans in place along with 
ditional .83 acres could be assembled. SALE OR LEASE                             grant money and development loans available..  SALE 

                                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.
—————————— LAND & INVESTMENTS ——————————                                                                                                            15

                                                            LAND OPPORTUNITIES




 Prime Retail Ground in           Fully Approved Residential Land Opportunities - Two Sites;                                  Prime Retail Ground on
Hamburg PA. New Curb              One in Berks County and One in Monroe County. Sale                                         Route 61 in Pottsville PA.
cuts proposed right onto          We are selling the entire development - Not Individual Lots                                  Frontage on Route 61.
 Route 61 from the site.          Berks County - Just off Route 724 - 77 Townhouse Lots                                           Sale or Lease
     Sale or Lease.               Carbon County - Very Close Proximity to Pocono Resorts




                             CALL FOR ADDITIONAL DETAILS AND OFFERING PACKAGES


                                                        INVESTMENT OPPORTUNITIES




147,000 Sq. Ft. Industrial           16,000 Sq. Ft. Medical                       13,000 Sq. Ft. Retail/                     39,000 Sq. Ft. Office/Flex
        Facility                            Facility                                 Office Facility                                  Facility
   15 Yr NNN Lease                     15 Yr NNN Lease                                 2 Tenants                             Largely Occupied by One
     Credit Tenant                       Credit Tenant                           Located along Lancaster                         Tenant -- Includes
     Hamburg PA                        New Construction                                    Ave                                 Papa Johns Retail Site


                             CALL FOR ADDITIONAL DETAILS AND OFFERING PACKAGES


                                             WE HAVE BUYERS AND TENANTS LOOKING FOR

                                            We Represent Tenants and Buyers as well…

We are looking for the following:

•   10,000 - 15,000 Sq. Ft. Flex Space by Reading Airport
•   60,000 Sq. Ft. Warehouse/Distribution Space
•   Any and All Investment Opportunities
•   Medical Space for Sale or Lease
•   Land for Industrial Big Box Development - 50+ Acres
•   Medical Sale Leaseback Opportunities
•   Retail Land - Including Lighted Corners and Large Tracts.

                    If you are looking for space give us a call, we will do all we can to help...


                             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.
Bryan E. Cole of NAI Keystone Commercial & Industrial, LLC                                                            16

                    Bryan E. Cole                                                    John Buccinno
                    Office and Industrial Specialist                                 Office Specialist

                    Bcole@naikeystone.com                                            Jbuccinno@naikeystone.com
                    Phone 610.370.8502                                               Phone 610.370.8508
                    Fax    610 779 1985                                              Fax     610 779 1985
                            www.Bryanecole.com                                                www.Bryanecole.com

Bryan joined NAI Keystone in July of 2004, but before join-      John started his professional career after graduating from Uni-
ing NAI Keystone, Bryan Cole spent 4 year’s active duty in       versity of Michigan working with the consulting firm Booz,
the U.S. Marine Corp, including a 6 month deployment in          Allen & Hamilton in the early 1990's. After learning a little
Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7        about business in the outside world John opened his own busi-
month deployment in Japan. Prior to joining the military         ness in commercial/residential lending and real estate devel-
Bryan was involved in the construction of commercial and         opment in 1992. The business grew to a 45 person operation
multi-unit properties in the Philadelphia suburbs. Bryan has     with 3 locations and $15 million a year in gross revenues. In
experience working with a diverse group of individuals in        2005 John sold his business and began the process of re-
numerous countries throughout the world. During Bryan’s          educating himself in the world of Commercial Real Estate.
time with NAI Keystone, he has sold and leased in the excess     After finding that the best team in Berks County resides at
of $80 Million Dollars worth of Commercial Real Es-              NAI Keystone Commercial & Industrial, LLC John was eager
tate. Because of this, Bryan earned NAI gold club status his     and proud to join the operation in 2007 to further develop his
first year in the business which is presented to approximately   consulting and management skills in the field of commercial
75 - 100 brokers within the NAI Global network, which is         real estate. John is currently working on his CCIM designa-
comprised of over 8,000 Brokers. Bryan is currently working      tion and with all of the course work completed it wont be long
on earning both his CCIM designation and SIOR designation.       before he meets all of the requirements to be a Certified Com-
Bryan is currently NAI Keystone's Top Performer for 2006,        mercial Investment Manager. John is a licensed broker in
2007, 2008, and 2009.                                            Pennsylvania and Michigan.




                                                                                                    Return Service Requested

                                                                                                         www.Bryanecole.com
                                                                                                         bcole@naikeystone.com
                                                                                                         610.779.1985 (Fax)
                                                                                                         610.779.1400 (Phone)

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

				
DOCUMENT INFO
Description: NAI Keystone's Bryan Cole - April Newsletter Publication - A Publication by Bryan Cole or NAI Keystone Commercial & Industrial, LLC, Information about the Berks and Schuylkill County market, and properties for sale or lease.
Bryan Cole Bryan Cole Sales Broker www.Bryanecole.com
About Bryan joined NAI Keystone in July of 2004, but before joining NAI, 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 at NAI, he has sold and leased in the excess of $130 Million Dollars worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has recently been named Top Performer for 2006 - 2009.