February 08, 2010
NAI SUMMIT ARRANGES PENNSYLVANIA INDUSTRIAL PURCHASE
COPLAY, PA. — NAI Summit has arranged the acquisition of a 10,500-square-foot flex industrial building located in Coplay for $650,000. The building, which is located at 3241 Levans Road, will be used by the buyer, Loikits Industrial Services, as the second location for its HVAC and refrigeration repair operations. Its first location is in Whitehall, Pa. Jay Haines of NAI Summit represented the buyer. The seller was undisclosed.
BIERBRIER NEARS COMPLETION FOR MASS. SHOPPING CENTER ADDITION
ARLINGTON, MASS. — Bierbrier Development is nearing completion for a 9,000-square-foot, freestanding addition to the Arlington Village Shops retail center in Arlington. Upon completion, the addition will bring the total amount of space within the center to 25,000 square feet. The project is applying for LEED certification. Petco and Hair Cuttery have already signed leases for a total of 6,375 square feet within the new addition. The Meat House also signed a lease for 3,300 square feet within the original shopping center. Adam Cirel of Atlantic Realty Properties, Jonathan Lapat of Strategic Retail Advisors and Casey Piche of Bierbrier Development negotiated the leases.
EQUITY COMPLETES PENNSYLVANIA LAND SALE FOR NEW BANK BRANCH
SPRINGFIELD, PA. — Conshohocken, Pa.-based Equity Retail Brokers has completed the sale of an approximately 2-acre development site located at 537 Baltimore Pike in Springfield. The buyer, Beneficial Mutual Savings Bank, plans to demolish the building presently occupying the site and construct a 4,500-square-foot bank branch with three drive-thru lanes. The branch will open this summer. Lee Cooper and Ed Ginn of Equity Retail Brokers represented the buyer. The seller was Illinois-based Insite Springfield LLC.