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