Docstoc

NAI Keystone - Bryan Cole, May 2010 Greater Reading Commercial Real Estate Newsletter

Document Sample
NAI Keystone - Bryan Cole, May 2010 Greater Reading Commercial Real Estate Newsletter Powered By Docstoc
					                                                                                                                            November 2010
           Greater Reading



Providing information and resources for the area's business and commercial real estate decision makers.                    CHE
                                                                                                                               CK
A Publication by Bryan E. Cole of NAI Keystone Commercial & Industrial, LLC
                                                                                                                             PRO OUT O
                                                                                                                            Mar/Apr 2010
                                                                                                                           INC PERTY UR
                                                                                                                               EN
                                                                                                                           SEC TIVE
                                                     Greater Reading Office Market Report: 4th Qtr. 2009 to                   TIO
 STRAIGHT FROM THE NAI BLOG                                                                                                       N
                                                     1st Qtr. 2010
900 South 4th
Street Hamburg,                                      The fourth quarter of 2009 was a slow
Pa 19526                                             and painful period for office space in the   user in Wyomissing and a 10,000 square
                                                     Greater Reading Market. Vacancy rates        foot lease signed in Wyomissing. These
                                                     increased throughout the county as com-      deals are from companies within the
                                                     panies were downsizing, relocating to        County, however by adding to their over-
NAI Keystone Commercial & Industrial, LLC’s          smaller spaces, or closing operations.       all presence they are reducing the amount
Bryan Cole completes the sale of the former          The market faced challenges in the 4th       of space currently on the market.
Schlenker Ford Site in Hamburg Pa to Outten          quarter with Class ―A‖ building vacan-
Cars. The property was owned by Pete and
Dale Schlenker. The facility was a 2.2 acre lot
                                                     cies increasing from 7.5% to 10%, main-      Deals are getting done because landlords
located at the intersection of Rte. 61 and 4th       ly due to the increased development and      are reacting to current market conditions,
street in Hamburg Pa. The site will be utilized by   softening demand at the higher price         which means companies are getting fa-
Outten Cars for a KIA dealership.                    points, along with stiff competition from    vorable incentives, such as introductory
                                                     aggressive landlords. Class ―A‖ build-       rates, rent abatements and additional ten-
                                                     ings have typically been a safe sector in    ant improvements. Also, landlords are
                     171 Tuckerton Rd                the marketplace because of low invento-      now offering tenant improvements and
                     Reading, P 19605                ry; however with new developments            incentives to keep their existing tenants.
                                                     coming on line, and companies looking
                                                     for lower rents the Class ―A‖ sector is
                                                     seeing less demand, greater competition
NAI Keystone Commercial & Industrial, LLC’s
Bryan Cole and Steve Willems completes a
                                                     and more vacancy.                                        In This Issue
lease for 220,000 sf. of Distribution/ Production                                                 1       Straight from the NAI Blog
space to a National firm. The property is owned      The Class ―B‖ sector experienced the         1,4     Featured Article
by Endurance Real Estate and Brasler Proper-         same issues in the 4th quarter 2009 as did   2       New Listings
ties, a private investment firm in Pa. The proper-
ty will be leased for fifteen years and is valued
                                                     Class ―A‖ due to the economic condi-         3       Industrial Listings
around 10,400,000. The building will be flag ship    tions. Vacancy rates increased mildly        3       Current Requirements
for the company and will create numerous jobs.       from 13.4% to 14% while rental rates         4       Resources
                                                     dipped more than 10%. Base rates with-       4       Lease Types
                                                     in this sector range from $8-9 per square    5       Industrial Listings Cont.
                                                     foot and topping out at $12-13 per           6,7     Real Estate Listings Map
 PROPERTY OF THE MONTH                               square foot with gross rates coming in       8       Featured Property
                                                     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-
                                                     summated including the 175,000 square
                                                     foot Acute Care Center that was built by
                                                     the Reading Hospital and Medical Cen-
        Meridian Development                         ter in Wyomissing, a 32,000 square foot
        Wyomissing PA 19610                          newly executed lease with a medical
Prime Condo opportunity in Spring Ridge
Section. Suites from 2,500 SF to 60,000
SF Available. New Development.
SALE OR LEASE
                          -- See Page 8

                                                          www.BRYAN-COLE.com
           2                  ———————————— NEW LISTINGS ———————————–




     PLACE YOUR PROPERTY HERE



Contact Us Today!                                                                                         15 North 6th Street Reading, PA
Bryan E. Cole @ 610 370 8502                                                               Retail or office. 12,952 Sq. Ft. Easily divisible. Great down-
Bcole@naikeystone.com                                                                      town location. Within walking distance of parking
                                                                                           garages. SALE OR LEASE




         Deer Lake Plaza Rte. 61 Orwigsburg, PA                                                        525 Lancaster Avenue, Reading PA
Delivery of Retail and Office Sites approx. Summer 2011.                                  110,000 Sq. Ft. Shell Building ready for renovation. Sits on 3.8
Great access and visibility. 48,000 Sq. Ft. retail strip. Signal-                         acres with 524 off-street parking spaces. Multiple uses allowa-
ized intersection, 4 pad sites and an 18,000 Office Building.                             ble per zoning. SALE OR LEASE
SALE OR LEASE




               555 Van Reed Rd Wyomissing, Pa                                                    Build to Suit, 811 William Lane, Reading PA
12,400 +/- Sq. Ft. building comprised of two floors of                                     16,000 Sq. Ft. Build to Suit opportunity adjacent to 811 Wil-
6,200 +/- Sq. Ft.. Over 50 parking spaces, building great                                  liam Lane. Approved plans for office/flex style building .
flexibility for many different types of uses.
                                                                                           SALE OR LEASE
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 ———————————–


                                                                                               Not Actual Photo




               220 N. Park Rd Wyomissing, Pa                                                            New Medical Facility - 15 Yr. Lease
Retail development. 10 Acres site. Across from VF outlet,                                 16,000 Sq. Ft. newly constructed Medical Facility with 15 year
Great location in the heart of Berks wealthiest subdivision.                              lease to a Credit Tenant. High Profile Location. SALE
Progress Electric and Panda Haven on site. SALE OR LEASE




                                                                                                                Former Ted Smith Building

          2640 Westview Drive, Wyomissing PA                                                            117 Morgan Drive Spring Twp., PA
Approximately 1,900 Sq. Ft. of Prime Class “A” office space                               49,125 Sq. Ft. of facility. Easily divisible. Corner lot, busy inter-
along State Hill Road. Large on-site parking field, and great                             section with Rte. 724 exposure. 70+ cars paved parking. Will
visibility. LEASE                                                                         divide to 10,000 Sq. Ft. LEASE.




            Route 183 Plaza Schuylkill Haven, PA                                                                Shillington Bank Site
Two store fronts available. 1300 Sq. Ft each. Can be com-                                 Two pad sites available. Proposed Pharmacy and Bank Pad
bined. Flexible lease terms. Frontage on Rte. 183 with 70 park-                           locate a prime interchange in Shillington. High Traffic Counts,
ing spaces. LEASE OR SALE                                                                 Roof Tops, and access from both roads. 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 consummat-                  second mortgages or financing pro-                   By Bryan Cole and John Buccinno
 ed, like the Greater Reading Chamber                jects outright. Pricing has remained
 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.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 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.Bryan-Cole.com with
         improved Property Search and Map Search
                       Functions.




                                                           DEALS AND HIGHLIGHTS

 NAI Keystone’s Bryan Cole and John Buccinno sell the 70,000                 NAI Keystone’s Bryan Cole and Steve Willems handle the sale
 Sq. Ft. former Kane Steel facility in Minersville, PA. NAI Key-             of the Fairview Plaza office building in Kenhorst, PA. The fa-
 stone was the owner’s representative in the transaction and han-            cility was purchased by Salsbury, Ltd.
 dled both sides. The buyer is an end user from out of the county.
                                                                             NAI Keystone’s John Buccinno and Bryan Cole represent Lar-
 NAI Keystone’s John Buccinno and Bryan Cole lease 7,800 Sq.                 kin Associates, the owners of Maidencreek Town Center, in 2
 Ft of Class A office space at One Meridian Blvd at Spring                   new leases. State Farm Insurance and Affordable Dental join the
 Ridge. The tenant is a local operation of a New York company                center’s other tenants in filling the tremendously well run center.
 that is rapidly growing.

 NAI Keystone’s John Buccinno & Bryan Cole represents Heart-                 For More Information about Recent Deals and Highlights
 land Health & Hospice in a 5,700 Sq. Ft. office lease in Wy-                please check http://Bryan-Cole.com/Pressnai.html or join
 omissing , PA at 4 Park Rd. Heartland expanded their operation              our mailing list for updated information and news.
 to manage their growing presence in the market.


                               Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy there-
                               of, 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                        —————————— Other ———————————–
                                        INCENTIVE SECTION




           30 North 3rd Street,             3001 St. Lawrence Avenue,               Reed Avenue & Spring Street,
          Womelsdorf PA 19567                   Reading PA 19606                       Wyomissing PA 19610

  120,000 Sq. Ft. Manufacturing Ware-    30,000 Sq. Ft. for Lease in Mt. Penn PA.   Office Space; 158,000 Sq. Ft. Corp
  house SALE OR LEASE                    LEASE                                      Campus - Divisible to 2,500 SF LEASE

  New Lease Rate at $1.99 PSF and Re-    New Lease Rate of $4.00 + Utilities for    Reduced to $13.85 NNN with $40.00
  duced Sales Price!!!!                                                             Tenant Improvement Allowance


                                        BRYAN COLE - NAI PRESS




The Exide Building              The Berkshire Building          The Wyomissing                    Spring Corporate
645 Penn Street                 501 Washington Street           Corporate Campus                  Campus
Reading, Pa 19601               Reading, Pa 19601               1030 Reed Ave.                    Iroquois Ave.
                                                                Wyomissing, Pa 19610              Spring Township, PA




The Meridian Bldg.             1075 Berkshire Blvd.              The Wyomissing                   316 South Front Street
1 Meridian Boulevard           Wyomissing, Pa 19610              Corporate Campus                 Hamburg, Pa 19526
Wyomissing, Pa 19610                                             1030 Reed Ave.
                                                                 Wyomissing, Pa 19610

 For more information please see: Bryan-Cole.com/pressnai.html
      —————————— Real Estate Listings ———————————–                                                                                7

           Office             City                 Property Name                Commercial               City            Property Name
1 Meridian Blvd         Wyomissing       Meridian Building                220 N. Park Rd          Wyomissing         Park Plaza
3 Meridian Blvd         Wyomissing       Meridian Building 3              850 Golden Rd           Blandon            Maidencreek Town
1075 Berkshire Blvd     Wyomissing                                        208 N. Rte. 183         Schuylkill Haven   Rte. 183 Plaza
2640 Westview Dr        Wyomissing       Kozloff Stoudt                   Rte. 61                 Orwigsburg         Villages at Deer Lake
2755 Century Blvd       Wyomissing       Century Blvd Park                511 Reading Avenue      West Reading
555 Van Reed            Wyomissing
1030 Reed Ave           Wyomissing       Wyomissing Corporate Campus


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
S. Center Ave           Leesport         School Side Plaza                301 Golden Oaks Drive   White Haven        Residential Approved
850 Golden Dr           Blandon          MaidenCreek Plaza                Shillington Bank Site                      Ground

108 S. Fifth Street     Reading          Gateway Building                 2370 Bernville Road     Bernville          Retail Ground
                                                                          (183)
15 N. 6th 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
                                                                          Miners Plaza            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          Rockland St. Warehouse
                                                                          Office Build to Suit    Middletown         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- SOLD
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                                                                                              Preliminary Site Plan
     Professionally Managed



                                          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.
        ——————–—— Retail and Resources—————————–                                                                            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
      Site Selection



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




  2880 Pottsville-Minersville Hwy Minersville, PA                               1801 Kutztown Road, Reading PA
33,000+ Sq. Ft. retail and office center. 100% occupied             7,500 +/- Sq. Ft. Retail building on main route, bus stop
investment opportunity, offered at a 10.4% CAP Rate.                across the street. Can be divided, open floor plan, many
Multiple credit tenants, very well managed. SALE                    uses . LEASE OR SALE




                 Park Road, Blandon PA                                            201 Front Street Hamburg, PA
Prime Retail Office Space in Blandon Twp. The site is                20 acre retail development. Road is currently being
known as Maiden Creek Towne Center and has up to                     constructed off and onto Rte. 61. Close to Cabela’s.
24,000 Sq. Ft. available, Divisible to 1,300 Sq. Ft. LEASE           Very close to I-78. SALE or LEASE
          10                    —————————— OFFICE LISTINGS ———————————–



  2 New Signed Leases


                                                                                                                                    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                                                   210 George Street, Muhlenberg PA 19605
Prime Office Space in Wyomissing PA. 158,000 Sq. Ft. Corpo-                                37,500 sq. ft. multi tenanted office building in the Reading
rate Campus with 11,000 Sq. Ft. available immediately; build                               suburb of Muhlenberg Township, Berks County, PA. Divisi-
to suit opportunities, to 50,000 + SF. LEASE                                               ble to 1,500 SF. High Profile Location. SALE OR LEASE




               Condo Opportunity

      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




         811 William Lane, Reading PA 19603                                                  501 Crescent Avenue, Reading PA
23,500 Sq. Ft. Office Building located on 3 acres in north Read-               37,997 Sq. Ft. Office/Flex use building on 2.34 acres. 6,000 Sq.
ing. 7,500 Sq. Ft. available on the second floor, plus a 16,000                Ft. of warehouse/flex space available. Current tenants are PA
Sq. Ft. Build to Suit Opportunity. SALE or LEASE                               Career Link and Papa John’s Pizza. SALE OR LEASE




       108 South 5th Street, Reading PA 19601                                          501 Washington Street, Reading PA 19601
8,000 Sq. Ft. Office Building adjacent to the Reading Public                   108,000 Sq. Ft. Class B Office Building at the Corner of 5th &
Library. Excellent office or retail opportunities with 26 off-                 Washington. The building is under new management by NAI
street parking spaces. LEASE                                                   Keystone. Suites from 1,000 sf. and up. SALE OR LEASE




          700 Lancaster Avenue, Reading PA                                                 School Side Plaza, Leesport PA 19533
13,600 Sq. Ft. Office Building. Recently completed redevelop-                  Excellent office space available in this multi-tenanted building,
ment project. 3,500 Sq. Ft. Available to use or lease. SALE                    well-suited for small businesses or individual users. Spaces
                                                                               range from 150 SF to 5,500 SF. LEASE OR SALE

                                Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy there-
                                of, 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.
     ——————–—— INDUSTRIAL LISTINGS —————————–                                                                                                       12




        Hamburg Industrial Sale—15 Yr. Lease                                                  1456 Rte. 61, Pottsville PA 17972
147,000 Sq. Ft. consisting of 2 Building’s situated on 12 Acres.                10,00 Sq. Ft. Cross Docked Warehouse/Flex Building located
Credit tenant recently signed a 15 year lease. Part of Ham-                     along Rt. 61; 18’6” clear ceiling heights situated on 4.8 acres.
burg, PA revitalization district at Rte. 61/I-78. SALE                          Easy access to I-81 and I-78. 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 there-
                                of, 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.
 ———————————— INDUSTRIAL LISTINGS cont. ——————                                                                                                     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                                            Old Route 222 at Exit 16 on I-78 Bethel, Pa
37,500 Sq. Ft, Prime Warehouse space located in High Ridge                    Proposed 180,000 Sq. Ft. build to suit. High visibility, great lo-
Business Park. Just of I-81 the site is ideal for any type of                 cation along I-78. Prime industrial land. SALE OR LEASE
warehouse user. 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 there-
                               of, 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.
  ——————–—–—————INDUSTRIAL LISTINGS cont. —————                                                                                                     14




        725 Hex Highway, Hamburg PA 19526                                                    2018 North 11th Street Reading, Pa
15,000 Sq. Ft. of Building’s situated on 7.8 Acres. This site is                 20,000 Sq. Ft. Easy access to highway. 2 well docks. 1 tailgate
prime for commercial or redevelopment into Residential. Easy                     dock. Rail spur possible. 20+ parking. Nearby employee
access to I-78/Rt. 61 and Cabala's. SALE OR LEASE                                amenities. LEASE

                                  REDEVELOPMENT OPPORTUNITIES




        430 Franklin Street, West Reading PA
Former West Reading Fire House, this unique building has
                                                                                      330 Wyomissing Blvd, Shillington PA 19607
                                                                               28,000 + Sq. Ft. Two Story Warehouse/Office Building located
potential for variety of uses, with both office and storage ca-
                                                                               in Shillington PA. Prime residential conversion opportunity.
pabilities. Currently 3,000 sf. to lease and total of 6,000 S.
                                                                               Situated on a 1.76 acre fenced lot. SALE OR LEASE
SALE OR LEASE




          425 Lancaster Avenue, Reading PA                                              216 Independence Street Orwigsburg, PA
Located at Singled corner of Grace Street and Lancaster Ave-                     Well maintained building. 30,000 +Sq. Ft. Great conversation
nue, this site is ideal for a redevelopment. Potential of an                     possibilities. Good parking available. easy access to down-
additional .83 acres could be assembled. SALE OR LEASE                           town Orwigsburg and rte. 61. SALE

                                Information concerning these offerings comes from sources deemed reliable, but no warranty is made as to the accuracy there-
                                of, 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.
 —————————— LAND & INVESTMENTS ——————————                                                                                                              15

                                                                LAND OPPORTUNITIES




                                    Fully Approved Residential Land Opportunities - Two Sites;
                                    One in Berks County and One in Monroe County. Sale
                                    We are selling the entire development - Not Individual Lots
                                    Berks County - Just off Route 724 - 77 Townhouse Lots
                                    Carbon County - Very Close Proximity to Pocono Resorts

                                CALL FOR ADDITIONAL DETAILS AND OFFERING PACKAGES


                         INVESTMENT OPPORTUNITIES

                                                                                                                Sample Photo
                                                                       l
                                                                    ua e
                                                                  ct r
                                                               t A ictu
                                                             No P
 2880 Pottsville-Minersville Hwy,                       Investment Opportunity                                        AutoZone Net Lease Deal
         Minersville, Pa                        Well located. Long term net lease. New con-              NNN facility. Long term lease rate. National/
Completely renovated with new electric          struction. 2 + acre lot. 15 Yr. Absolute Net             credit tenant. Potential upside. High profile
service throughout for separately               Lease                                                    location. Established location in Berks County.
metered spaces. Approximately 1 miles out-      SALE                                                     SALE
side of the city limits. SALE


                                                WE HAVE BUYERS AND TENANTS LOOKING FOR

                                                We Represent Tenants and Buyers as well…

 We are looking for the following:

    Wyomissing/West Reading 1-2 acre Retail Sites
    10,000-20,000 Sq. Ft. Whole sale / distribution center
    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...
                                           Doing more for our clients…..
                                   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.Bryan-cole.com                                                www.Bryan-cole.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 Bry-    ness in commercial/residential lending and real estate devel-
an was involved in the construction of commercial and multi-     opment in 1992. The business grew to a 45 person operation
unit properties in the Philadelphia suburbs. Bryan has experi-   with 3 locations and $15 million a year in gross revenues. In
ence working with a diverse group of individuals in numerous     2005 John sold his business and began the process of re-
countries throughout the world. During Bryan’s time with         educating himself in the world of Commercial Real Estate.
NAI Keystone, he has sold and leased in the excess of $120       After finding that the best team in Berks County resides at
Million Dollars worth of Commercial Real Estate. Because of      NAI Keystone Commercial & Industrial, LLC John was eager
this, Bryan earned NAI gold club status his first year in the    and proud to join the operation in 2007 to further develop his
business which is presented to approximately 75 - 100 brokers    consulting and management skills in the field of commercial
within the NAI Global network, which is comprised of over        real estate. John is currently working on his CCIM designa-
8,000 Brokers. Bryan is currently working on earning both        tion and with all of the course work completed it wont be long
his CCIM designation and SIOR designation. Bryan is cur-         before he meets all of the requirements to be a Certified Com-
rently NAI Keystone's Top Performer for 2006, 2007, 2008,        mercial Investment Manager. John is a licensed broker in
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 - May 2010 Newsletter Publication - A Publication by Bryan Cole and 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.