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Pennsylvania

The-Retreat-at-Westerly-State-College
DevelopmentMultifamilyNortheastPennsylvaniaStudent Housing

Landmark, Golden Primera to Develop 546-Bed Student Housing Community Near Penn State University

by Taylor Williams

STATE COLLEGE, PA. — A joint venture between Georgia-based Landmark Properties and Golden Primera will develop a 546-bed student housing community near the Penn State University campus in State College. The 11.2-acre site is located at 418-428 Westerly Parkway, and the cottage-style property will be known as The Retreat at Westerly. The community will offer 142 units in two- and five-bedroom configurations with bed-to-bath parity. The property will also feature a 10,500-square-foot amenity area with a pool, pickleball court, sauna, cold plunge, jumbotron, fitness center, multi-sport simulator, study lounges, grilling and fire pit areas and additional green space for outdoor recreation. A construction timeline was not announced.

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The-Overlook-Camp-Hill-Pennsylvania
AcquisitionsMultifamilyNortheastPennsylvania

Berkadia Arranges Sale of 288-Unit Overlook Apartments in Camp Hill, Pennsylvania

by Taylor Williams

CAMP HILL, PA. — Berkadia has arranged the sale of The Overlook, a 288-unit apartment community located outside of Harrisburg in Camp Hill. Built in 2012, The Overlook offers one- and two-bedroom units across six buildings. Amenities include a fitness center, yoga studio, pool, business center, dog park, outdoor grilling and dining stations and a clubhouse. Zac Pierce, Matt Stefanski and Maura Spellman of Berkadia represented the undisclosed seller in the transaction. The buyer was locally based investment firm The Apartment Gallery. The Overlook was 97.5 percent occupied at the time of sale.

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DevelopmentIndustrialNortheastPennsylvania

Ecopax to Open 104,238 SF Industrial Facility in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Ecopax LLC, a locally based manufacturer of food packaging products, will open a 104,238-square-foot industrial facility in the Lehigh Valley city of Bethlehem. The property at 1355 Easton Road will complement an existing 315,643-square-foot manufacturing and warehousing facility and will feature six new loading docks and 12 additional truck parking spaces. Local company J.G. Petrucci Co. is developing the facility. An tentative construction completion date was not announced.

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DevelopmentMultifamilyNortheastPennsylvania

Hankin Group Breaks Ground on 160-Unit Multifamily Project in Downingtown, Pennsylvania

by Taylor Williams

DOWNINGTOWN, PA. — Locally based developer Hankin Group has broken ground on a 160-unit multifamily project in Downingtown, a western suburb of Philadelphia. The project is an expansion of the 70-acre River Station development and will consist of two buildings that will have 67 and 93 units. Residences will come in one- and two-bedroom formats and will range in size from 765 to 1,217 square feet. Residents will have access to amenities such as a pool, coffee bar, fitness center, sports court, golf simulator, demonstration kitchen, business center and a county-wide trail system. Completion of the first building is slated for summer 2026.

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IndustrialLeasing ActivityNortheastPennsylvania

Kerry Group to Open 48,000 SF Manufacturing Facility in Hanover, Pennsylvania

by Taylor Williams

HANOVER, PA. — Kerry Group, an Irish food-and-beverage company, will open a 48,000-square-foot manufacturing facility in the Lehigh Valley city of Hanover. Kerry has leased a building that was formerly occupied by beverage maker Martin Bauer Group with plans to use the facility for coffee roasting and extraction. Kerry expects the facility to create about 60 new jobs in addition to 16 positions that will be retained from the previous operation. The opening is set for some time next year.

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Woodmont-Valley-Lower-Macungie-Township
DevelopmentMultifamilyNortheastPennsylvania

Woodmont Properties Begins Leasing 120-Unit Multifamily Project in Lehigh Valley

by Taylor Williams

LOWER MACUNGIE, PA. — New Jersey-based Woodmont Properties has begun leasing a 120-unit multifamily project in the Lehigh Valley community of Lower Macungie. The project, which represents Phase II of a larger development known as Woodmont Valley, comprises 10 buildings and 13,000 square feet of commercial space on a 14-acre site. The majority (99) of the units are designed as two-bedroom townhome-style residences, while the remaining 21 units are flat-style apartments that come in one- and two-bedroom formats. Amenities include a pool, fitness center, clubhouse and resident lounge, outdoor grilling and dining stations, a game room, theater, bark park, walking trails and package concierge service. Construction of Phase II began last fall. Phase I totals 204 units and was completed in 2017. Colliers is leasing the commercial component.

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Broadcast-District-at-Spring-Township-Wyomissing-Pennsylvania
DevelopmentMixed-UseNortheastPennsylvania

SJC, Concordia to Develop Mixed-Use Project in Wyomissing, Pennsylvania

by Taylor Williams

WYOMISSING, PA. — A partnership between Atlanta-based SJC Ventures and Washington, D.C.-based Concordia Group will develop Broadcast District at Spring Township, a mixed-use project in Wyomissing, a suburb of Reading. The development will feature 441 residential townhomes and single-family homes by Lennar and 341 apartments by SJC, as well as a 120,000-square-foot retail center that will be anchored by a 35,000-square-foot Whole Foods Market. Other retailers that have committed to the project include MyEyeDr., Sephora, Nothing Bundt Cakes, European Wax Center, Shake Shack, First Watch and BJ’s Restaurant & Brewhouse. Construction is scheduled to begin early next year.

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Piazza-Alta-Philadelphia
DevelopmentMultifamilyNortheastPennsylvania

Affinius Capital Provides $170M Construction Loan for Philadelphia Multifamily Project

by Taylor Williams

PHILADELPHIA — Affinius Capital has provided a $170 million construction loan for a 431-unit multifamily project that will be located in Philadelphia’s Northern Liberties neighborhood. The project represents Phase II of a larger development known as Piazza Alta and will consist of two buildings that will rise eight and 16 stories. Units will come in studio, one-, two- and three-bedroom floor plans and will be furnished with stainless steel appliances and individual washers and dryers. Amenities will include a rooftop lap and lounge pool, grilling stations, fire pits, a fitness center with a yoga studio and coworking spaces. Russell Schildkraut of Ackman-Ziff arranged the loan on behalf of the borrower, locally based developer Post Brothers.

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The-Mark-State-College
DevelopmentNortheastPennsylvania

Joint Venture to Develop 515-Bed Student Housing Project Near Penn State University

by Taylor Williams

STATE COLLEGE, PA. — A joint venture between Georgia-based developer Landmark Properties and Liberty Mutual Investments will develop The Mark State College, a 515-bed student housing project for students at Penn State University. Designed by Cube3 Architects, The Mark State College will be a 12-story building that will be located on East College Avenue, adjacent to campus. Amenities will include a sky deck, rooftop pool and hot tub, fitness center and sauna, clubhouse, grilling area, sports simulator, study lounge, café, computer lab and fire pits. TSB Capital Advisors arranged construction financing for the project. A tentative development timeline was not announced.

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DevelopmentIndustrialNortheastPennsylvaniaSelf-Storage

Inland, Devon Complete Self-Storage Redevelopment in Philadelphia

by Taylor Williams

PHILADELPHIA — Inland Real Estate Investment Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a redevelopment project at 5200 Unruh Ave. in northeast Philadelphia. The project converted the former Moulton Ladder Manufacturing Co. facility, which was first built in 1900 adjacent to the Delaware River, into a self-storage facility. The five-story building features 88,000 net rentable square feet of climate-controlled space across 932 units.

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