Erdner Brothers, a trucking and transportation company, has signed a one-year expansion lease for an additional 197,000 square feet in the industrial building at 51 W. Park Ave. in Vineland, NJ.
Erdner Brothers previously occupied 53,000 square feet in the building, and now leases 250,000 square feet there. The industrial building totals about 270,000 square feet, with PODS currently occupying the remaining 20,000 square feet.
www.omegare.com
Tuesday, May 31, 2016
Garg Consulting Services Lease Fills Horizon Corporate Center Property In S. Jersey
by Steve Lubetkin, Globest.com
Garg Consulting Services, a multi-disciplinary engineering firm, leased 2,700 square feet at 1000 Crawford Place in Mount Laurel, NJ, bringing the building to 100 percent occupancy. The building owner is Femast Management.
“GCS was attracted to 1000 Crawford Place due to the building’s premier accommodations and its campus setting with lakeside views and abundant greenery. As an added bonus, the site’s proximity to I-295 and the New Jersey Turnpike provides easy access for GCS’ staff and visiting clients.”
Located within Horizon Corporate Center, 1000 Crawford Place is a 39,445-square-foot class A mid-rise office building. The building was fully renovated and —modernized to feature granite lobbies and an abundant window line with views of the Philadelphia skyline. Situated just off of Route 73, Horizon Corporate Center is in close proximity to Exit 4 of the New Jersey Turnpike and I-295. Several restaurants, shopping centers and hotel accommodations are located nearby.
“We are pleased to have found an ideal location for GCS to call home and to assist the building owner in achieving 100 percent leased status. This facility offers convenience to major highways for commuters, as well as a myriad of nearby amenities."
www.omegare.com
Garg Consulting Services, a multi-disciplinary engineering firm, leased 2,700 square feet at 1000 Crawford Place in Mount Laurel, NJ, bringing the building to 100 percent occupancy. The building owner is Femast Management.
“GCS was attracted to 1000 Crawford Place due to the building’s premier accommodations and its campus setting with lakeside views and abundant greenery. As an added bonus, the site’s proximity to I-295 and the New Jersey Turnpike provides easy access for GCS’ staff and visiting clients.”
Located within Horizon Corporate Center, 1000 Crawford Place is a 39,445-square-foot class A mid-rise office building. The building was fully renovated and —modernized to feature granite lobbies and an abundant window line with views of the Philadelphia skyline. Situated just off of Route 73, Horizon Corporate Center is in close proximity to Exit 4 of the New Jersey Turnpike and I-295. Several restaurants, shopping centers and hotel accommodations are located nearby.
“We are pleased to have found an ideal location for GCS to call home and to assist the building owner in achieving 100 percent leased status. This facility offers convenience to major highways for commuters, as well as a myriad of nearby amenities."
www.omegare.com
Friday, May 27, 2016
Sentry Park East Office In Blue Bell Trades fro $2.175M
by Steve Lubetkin, Globest.com
Sentry Park East, a 24,000-square-foot office property located in Blue Bell, PA was sold for $2.175 million.
“The buyer who was ultimately chosen was in a 1031 tax deferred exchange which allowed us to compress timelines, closing this transaction in 35 days,” says Grad.
“This acquisition represented the buyer’s first venture into the office segment,” says Newton. “We have a unique platform which caters to bringing capital from different product types to maximize proceeds for our seller.”
Sentry Park East, 1710 Walton Road in Blue Bell, PA, is a three-story building with five condominium units. This sale represented one of the five office buildings within the condominium association. The tenants of the office building are a mix of accounting, consulting and staffing firms with 76 percent occupancy. The property is close to the Pennsylvania Turnpike in the Blue Bell office submarket, one of the most prosperous areas in Montgomery County.
www.omegare.com
Sentry Park East, a 24,000-square-foot office property located in Blue Bell, PA was sold for $2.175 million.
“The buyer who was ultimately chosen was in a 1031 tax deferred exchange which allowed us to compress timelines, closing this transaction in 35 days,” says Grad.
“This acquisition represented the buyer’s first venture into the office segment,” says Newton. “We have a unique platform which caters to bringing capital from different product types to maximize proceeds for our seller.”
Sentry Park East, 1710 Walton Road in Blue Bell, PA, is a three-story building with five condominium units. This sale represented one of the five office buildings within the condominium association. The tenants of the office building are a mix of accounting, consulting and staffing firms with 76 percent occupancy. The property is close to the Pennsylvania Turnpike in the Blue Bell office submarket, one of the most prosperous areas in Montgomery County.
www.omegare.com
Thursday, May 26, 2016
SugarHouse Casino Rolls Dice On $164 Million Expansion
by Steve Lubetkin, Globest.com
SugarHouse Casino has officially opened a bold $164-million expansion at the Delaware River gaming facility.
A ribbon-cutting earlier this month showcased the casino’s new attractions, including the SugarHouse Marketplace (featuring Philadelphia brands Saxbys Coffee, Tacconelli’s Pizzeria, Geno’s Steaks and a brand-new local concept, Revolution Grill), Hugo’s Frog Bar & Chop House, the multipurpose Event Center and the first-ever Poker Night in America Poker Room.
“We are excited to wrap up our much anticipated expansion and welcome guests to the bigger, better SugarHouse,” says general manager Wendy Hamilton. “From world-class entertainment and dining to expanded gaming, SugarHouse is one of Philly’s premiere destinations for a night on the town or to hold a group event.”
SugarHouse began construction on the $164 million expansion in 2014. The expansion, designed by Cope Linder Architects of Philadelphia, increases SugarHouse’s 108,000-square-foot facility to approximately 260,000 square feet, not including the new seven-story parking garage of roughly 600,000 square feet. The larger gaming areas offer 44 additional table games, 289 new slots and a 28-table poker room. The expansion also brings in new non-gaming amenities, including additional restaurants and The Event Center.
About 500 new, full-time jobs have been added at SugarHouse as a result of the expansion, bringing the current total to approximately 1,700.
The Event Center incorporates a 30,000 square-foot multipurpose space on the second floor of the casino, for corporate events, wedding receptions, black-tie galas, and major performances. It features floor-to-ceiling windows and panoramic views of the riverfront and the Ben Franklin Bridge. Minutes from Center City, the SugarHouse Casino Event Center can accommodate small and large groups of more than 1,000 guests for standing room only, or up to 800 people for banquet seating, and is accessible for all ages.
The upsized casino includes a 6,000 square-foot dedicated poker space, named the Poker Night in America Poker Room. The state-of-the-art Poker Room features 28 tables and 252 seats. It’s the first of its kind, becoming a home base for the popular CBS Sports TV program.
The newly expanded gaming space brings in 44 additional table games and 289 new slots, a 20 percent increase from SugarHouse’s previous gaming offerings. The new High Limit Lounge offers a private atmosphere, while still being a part of the casino action. Guests will enjoy high limit gaming, concierge service, private parking and more.
The complimentary parking garage offers 1,500 new spaces for guests to park, with direct elevator access to the casino floor. Through a partnership with the City of Philadelphia’s Public Art Program, an urban light sculpture was installed on the façade of the garage facing Delaware Avenue. Designed by East Falls, Pennsylvania-based artist Lyn Godley, the beautiful, colorful display spans 290 feet wide and 60 feet high. The artwork is composed of a series of light boxes and façade lighting that change colors during the day and throughout the night to reflect similar patterns in the flow of the Delaware River.
www.omegare.com
SugarHouse Casino has officially opened a bold $164-million expansion at the Delaware River gaming facility.
A ribbon-cutting earlier this month showcased the casino’s new attractions, including the SugarHouse Marketplace (featuring Philadelphia brands Saxbys Coffee, Tacconelli’s Pizzeria, Geno’s Steaks and a brand-new local concept, Revolution Grill), Hugo’s Frog Bar & Chop House, the multipurpose Event Center and the first-ever Poker Night in America Poker Room.
“We are excited to wrap up our much anticipated expansion and welcome guests to the bigger, better SugarHouse,” says general manager Wendy Hamilton. “From world-class entertainment and dining to expanded gaming, SugarHouse is one of Philly’s premiere destinations for a night on the town or to hold a group event.”
SugarHouse began construction on the $164 million expansion in 2014. The expansion, designed by Cope Linder Architects of Philadelphia, increases SugarHouse’s 108,000-square-foot facility to approximately 260,000 square feet, not including the new seven-story parking garage of roughly 600,000 square feet. The larger gaming areas offer 44 additional table games, 289 new slots and a 28-table poker room. The expansion also brings in new non-gaming amenities, including additional restaurants and The Event Center.
About 500 new, full-time jobs have been added at SugarHouse as a result of the expansion, bringing the current total to approximately 1,700.
The Event Center incorporates a 30,000 square-foot multipurpose space on the second floor of the casino, for corporate events, wedding receptions, black-tie galas, and major performances. It features floor-to-ceiling windows and panoramic views of the riverfront and the Ben Franklin Bridge. Minutes from Center City, the SugarHouse Casino Event Center can accommodate small and large groups of more than 1,000 guests for standing room only, or up to 800 people for banquet seating, and is accessible for all ages.
The upsized casino includes a 6,000 square-foot dedicated poker space, named the Poker Night in America Poker Room. The state-of-the-art Poker Room features 28 tables and 252 seats. It’s the first of its kind, becoming a home base for the popular CBS Sports TV program.
The newly expanded gaming space brings in 44 additional table games and 289 new slots, a 20 percent increase from SugarHouse’s previous gaming offerings. The new High Limit Lounge offers a private atmosphere, while still being a part of the casino action. Guests will enjoy high limit gaming, concierge service, private parking and more.
The complimentary parking garage offers 1,500 new spaces for guests to park, with direct elevator access to the casino floor. Through a partnership with the City of Philadelphia’s Public Art Program, an urban light sculpture was installed on the façade of the garage facing Delaware Avenue. Designed by East Falls, Pennsylvania-based artist Lyn Godley, the beautiful, colorful display spans 290 feet wide and 60 feet high. The artwork is composed of a series of light boxes and façade lighting that change colors during the day and throughout the night to reflect similar patterns in the flow of the Delaware River.
www.omegare.com
Wednesday, May 25, 2016
NBC Philadelphia Merchants Renews 166,000-SF Lease
NBC Philadelphia Merchants has renewed its lease for 166,430 square feet in the industrial building at 2801 Red Lion Rd. in Philadelphia, PA.
The building totals 180,271 square feet and was built in 1966. It is currently owned by First Industrial Realty Trust, Inc.
The tenant's lease encompasses the building’s industrial space. The remaining space is classified as office and is currently vacant and available for lease. There are no other tenants in the building.
www.omegare.com
The building totals 180,271 square feet and was built in 1966. It is currently owned by First Industrial Realty Trust, Inc.
The tenant's lease encompasses the building’s industrial space. The remaining space is classified as office and is currently vacant and available for lease. There are no other tenants in the building.
www.omegare.com
Jemstone Group Acquires The Shoppes at Cross Keys
The Jemstone Group LLC purchased The Shoppes at Cross Keys located at 611 Berlin Cross Keys Rd0 in Sicklerville, NJ for $23 million, or about $131 per square foot.
The 176,118-square-foot shopping center was built in 2009 with additions completed as recently as 2015. Located in Camden County, the center houses several national tenants including Hobby Lobby, Pet Valu, Starbucks and T-Mobile.
UPS Leases 341,000 SF at First 33 Commerce Center
UPS has inked a lease to occupy the entire 341,400-square-foot industrial building at 3895 Eastgate Blvd. in Easton, PA.
The single-story warehouse delivered in December 2015, Bldg. A within the First 33 Commerce Center in Northampton County. Building amenities include 64 loading docks, two drive-in bays and 32-foot ceilings.
www.omegare.com
The single-story warehouse delivered in December 2015, Bldg. A within the First 33 Commerce Center in Northampton County. Building amenities include 64 loading docks, two drive-in bays and 32-foot ceilings.
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