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Larken Associates Underway on 107-Unit Multifamily Project in York, Pennsylvania

YORK, PA. — Larken Associates is underway on construction of The Enclave at Copper Chase, a 107-unit multifamily project in York, a city located approximately 25 miles south of Harrisburg. Located at 3145 Honey Run Drive, the project is an addition to Larken’s existing 132-unit The Reserve at Copper Chase community. The Enclave will include one-, two- and three-bedroom floor plans, a clubhouse and fitness center. The project also includes renovations to the pool and lounge, as well as …

Brennan Investment Group Acquires 380,274 SF Industrial Portfolio in Lehigh Valley

CHICAGO — Brennan Investment Group, a Chicago-based developer, has acquired a three-building industrial portfolio totaling 380,274 square feet in Pennsylvania. The portfolio is located in the Lehigh Valley submarket, which is situated north of Philadelphia and west of New York City and includes the cities of Allentown, Bethlehem and Easton. The properties offer convenient access to Interstates 78 and 81, as well as the Lehigh Valley International Airport. The seller and sales price were …

Colliers Negotiates Sale of 41,179 SF Retail Property in Montgomeryville, Pennsylvania

MONTGOMERYVILLE, PA. — Colliers International has negotiated the $4 million sale of a 41,179-square-foot retail property in Montgomeryville, a northern suburb of Philadelphia. Located at 980 Bethlehem Pike, the building was previously occupied by craft supplies retailer A.C. Moore but was vacant at the time of sale. The property is located near the Route 202 shopping center, which includes a Target, Giant supermarket and Bed Bath & Beyond. Carl Neilson, Todd Sussman and Jon Kieserman …

Equus Capital Partners to Develop 300-Unit Multifamily Project Near Philadelphia

FORT WASHINGTON, PENN. — Equus Capital Partners will develop a 300-unit multifamily project in Fort Washington, a northern suburb of Philadelphia. The developer has acquired a 60,000-square-foot office building located at 1125 Virginia Drive for $5.9 million and plans to demolish it to construct the apartment building in its place. The first phase of construction will include 200 residential units in a five-story building that will incorporate amenities such as a pool and a fitness center, as …

Roddy Inc. Negotiates Sale of 31,042 SF Industrial Building in Bensalem, Pennsylvania

BENSALEM, PENN. — Roddy Inc., a brokerage firm serving Pennsylvania and New Jersey, has negotiated the $2.3 million sale of a 31,042-square-foot industrial building in Bensalem, a southwestern suburb of Trenton. The property is located at 774 American Drive within Wes-Port Industrial Park. The buyer, Dhyanvi LLC, sells a range of general merchandise including over-the-counter pharmaceuticals, health and beauty products, cosmetics, toiletries and household accessories. Robert Olender of Roddy …

Velocity Ventures Acquires 51,181 SF Industrial Building in Bensalem, Pennsylvania

BENSALEM, PA. — Velocity Ventures, a Philadelphia-based firm, has acquired a 51,181-square-foot industrial building in Bensalem, a southwestern suburb of Trenton. The sales price was $2.4 million. Located at 1296 Adams Road, the property features a roughly 18-foot clear height and offers quick access to Interstates 276 and 95. The building was approximately 80 percent leased at the time of sale. Jason Ostach and Chris Pennington of Binswanger Commercial Real Estate Services represented …

Marcus & Millichap Brokers Sale of 5,967 SF Net-Leased Retail Asset in Wilkes-Barre, Pennsylvania

WILKES-BARRE, PA. — Marcus & Millichap has brokered the $3.7 million sale of a 5,967-square-foot retail asset in Wilkes-Barre, approximately 65 miles north of Allentown. Located at 989 Schechter Drive, the freestanding property is net-leased to Chick-Fil-A. Derrick Dougherty and Mark Krantz of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was undisclosed.

Larken Associates Acquires 224-Unit Apartment Community in York, Pennsylvania

YORK, PA. — Larken Associates, a New Jersey-based developer, has acquired The View at Mackenzi, a 224-unit apartment community in York, located approximately 25 miles south of Harrisburg. Located at 2035 Patriot St., the property features two-bedroom units and amenities such as a fitness center, walking trails and a dog park. Rents range from $1,042 per month to $1,195. The seller and sales price were

Pennsylvania Governor Announces May 8 Construction Restart

HARRISBURG, PA. — Some construction projects, including public and private residential and non-residential construction, in Pennsylvania will be allowed to restart on May 8, according to Pennsylvania Gov. Tom Wolf. The state shut down all nonessential businesses on March 21, including most construction projects not related to healthcare or critical infrastructure. Restrictions on new construction also extended to housing developments that had not been issued a final occupancy permit. In a …

Colliers Brokers Sale of 33,000 SF Office Building in Bethlehem, Pennsylvania

BETHLEHEM, PA. — Colliers International has brokered the $3 million sale of a 33,000-square-foot office building located at 257 Brodhead Road in Bethlehem, an eastern suburb of Allentown. The seller, First Commonwealth Federal Credit Union (FCFCU), previously used the building as its corporate headquarters and will move to a new space within the Trexler Business Center development currently under construction in Trexlertown, Pennsylvania. An undisclosed new tenant has already been procured. …

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