Tuesday, May 14, 2013

Investors Flock to REITs For Returns (Video)


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5 New Retailers Set To Open in Phase II of the Shops at Walnut Grove in Feasterville-Trevose


5 new leases with an aggregate value of over $1,000,000 were signed for Phase II of the SHOPS AT WALNUT GROVE,  located at Bustleton Pike & County Line Road in Feasterville-Trevose, Pennsylvania. Phase II is a new addition to the existing SHOPS AT WALNUT GROVE, which was completed in 2011 and is anchored by Bottom Dollar Food, Bella Nails & Spa, Kyoto Sushi & Hibachi and Dunkin Donuts, who opened for business December 2012. 

Larry’s Steaks (“Home of the Belly Filler”) will open their 3rd restaurant location in June 2013. Construction has already commenced on their new 1,260 square foot space, and will be owned and operated by Tony Elebah, who currently owns and operates Larry’s Steaks at 9th Street & Girard Avenue in the Ludlow section of Philadelphia, and at 54th Street & City Avenue in the Wynnfield section of Philadelphia.  www.larryssteaks.com  

Opps! It’s Frozen Yogurt, a new 1,975 square foot frozen yogurt store will join the Shops at Walnut Grove in June and will also be owned and operated by Tony Elebah of Larry’s Steaks.

Little Caesars executed a 5-year lease for a new 1,260 square foot pizza restaurant and is scheduled to open June 2013. This is the operator’s first Little Caesars location.

Wiggle Worms, a locally operated hair salon specializing in children’s haircuts and styling will relocate their existing salon from Byberry Road to The Shops at Walnut Grove this spring. Wiggle Worms has been owned and operated by Kira Ferguson since 2003. www.wigglewormshairstudio.com

JW Wireless, a Verizon Wireless Retailer executed a 5-year lease for a new 1,915 square foot “end-cap” store. JW Wireless currently operates 35 Verizon stores in California, Nevada and Arizona and have just recently started their expansion into the Northeast, where the Shops at Walnut Grove will be their first Verizon Wireless store.  
 
One (1) 1,315 square foot store remains available for lease. 

Monday, May 13, 2013

Office Furniture Retailer Signs Lease in King of Prussia


Ethosource, LLC a new and used furniture provider, has signed a 50,000-square-foot lease for warehouse space at 411 Yerkes Road here.
Industrial Investment Inc. of Blue Bell, PA, the owner of the property, announced the deal with the Morgantown, PA-based firm.
Ethosource will use its new King of Prussia facility for warehousing and reconditioning of office furniture, and will also establish a large showroom for on-site sales of furniture.
Joe O’Donnell of Omega Commercial Real Estate and Bryan Cole of NAI Keystone Commercial & Industrial brokered the transaction. Robert Bown, project manager and Principal of Industrial Investments, Inc., represented the property owner.
original article: http://tinyurl.com/c488ong

Thursday, May 9, 2013

The Attraction to Multi-family Real Estate (Video)


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Aviv REIT CEO Talks Business (Video)


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AMEC Signs Long Term Lease Deal in Blue Bell

AMEC, the world’s leading engineering project management and consultancy companies, signed a long-term deal to occupy 13,932 square feet of office space at the Hillcrest Building One, located at 751 Arbor Way in Blue Bell, PA. 

The two-story, 113,300-square-foot office buildingwas renovated in 2011, and was awarded LEED certification at the Gold level by the U.S. Green Building Council (USGBC) in 2012. It was built in 1991 on 54.5 acres in the Plymouth Mtg / Blue Bell submarket of Montgomery County. AMEC will take occupancy in the third quarter of 2013.

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