bryan cole: Impact of Commercial Real Estate – When a company closes shop
- 10/02/11 08:31 AM
When a company closes shop Within the past few months news sources including the Reading Eagle, Eastern PA Business Journal and various other local publications have made mention of a number of companies deciding to close their facilities in the local marketplace. This has a few obvious impacts including job loss and tax revenue loss, but a large problem that is sometimes overlooked is what do we now do with the vacant real estate. The majority of the time these facilities, especially manufacturing plants are designed and built for a specific function. On many occasions these properties will end up being … (1 comments)
bryan cole: Kenhorst Shopping Center Sold
- 10/02/11 08:27 AM
Kenhorst Shopping Center Sold Katz Properties based in New York purchased the Kenhorst Plaza Shopping Center in Shillington for $16.150 Million. The property consisted of 161,424 square feet and was comprised of 26 total spaces of which twenty were occupied. Some of the key tenants located within the center are Redner’s Warehouse Markets, Dollar Tree, and the U.S. Post Office. The property has been part of numerous sales including a transaction in 2008 when it sold for $22.397 Million and a transaction in 2001 for $18.725 Million. A 28% drop in value since 2008, although the rent rolls were not compared. … (0 comments)
bryan cole: Space Planning and the Total Cost of Occupancy
- 07/29/11 02:10 AM
The number of occupants and the space required per occupant are the key determinates to total cost of occupancy. Consider that the occupancy costs are the multiplication of the rental rate per square foot plus the operating costs per square foot times the number of people and the space that each person occupies. There are factors that add to the total space consumption including lost space from hallways, bathrooms, elevator cores, storage areas, atriums and reception areas. This is often called the building loss factor and is an efficiency measure of the building. To these losses also add the space required … (0 comments)
bryan cole: Preparing for Lease Administration
- 07/29/11 02:09 AM
NAI is constantly evaluating tools for providing lease administration services to our clients. However, determining the right solution for the client is not a casual effort. Below are some of the key factors that need to be discussed and understood as you work through the process of setting up a lease administration solution. Clearly understand the client needs and how that balances with their requests and perhaps more importantly their expectations. It’s important to understand the timing for getting the system populated, tested and running. This is a critical element, as it is a major undertaking to make any system functional with the client information. … (0 comments)
bryan cole: New Listing Release – 5320 Allentown Pike – Retail Land for Sale
- 07/12/11 02:04 AM
New Listing Release – 5320 Allentown Pike – Retail Land for Sale Click Here to Download the Full Release Location: 5320 Allentown Pike Temple, Pa 19560 Property Info: NAI Keystone Commercial & Industrial, LLC has been hired to exclusively represent the sale and/or lease of 5320 Allentown Pike in Temple PA. This site has a total of 6.41 Acres, which is ideal for a retail, medical, or hospitality use. The site enjoys easy access to Rt. 222 and has frontage on 5th Street Highway. The property is located at the interchange in front of a Wal-Mart Supercenter, NAMCO Pools, Tractor Supply, … (0 comments)
bryan cole: July 2011 Commercial Real Estate Newsletter
- 07/12/11 02:02 AM
July 2011 Commercial Real Estate Newsletter 11Jul <!-- .date --> The Team Cole June 2011 Commercial & Industrial Real Estate Newsletter See Link Below
The June 2011 Commercial Real Estate Newsletter. This Newsletter outlines listings, events, deals, and articles relative to Commercial Real Estate in Berks and Schuylkill County PA. For a full list of all our Newsletters please visit: http://www.bryan-cole.com/Newsletters.html Interactive Brochure: – Click Here
For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at … (0 comments)
The June 2011 Commercial Real Estate Newsletter. This Newsletter outlines listings, events, deals, and articles relative to Commercial Real Estate in Berks and Schuylkill County PA. Interactive Brochure: http://www.bryan-cole.com/ibro/newsletters/2011/jun/jun.html For more information please send us an email at Bcole@naikeystone.com or check us out on the web at www.Bryan-Cole.com. Bryan E. Cole | Team Leader NAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502 Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com … (0 comments)
bryan cole: Bethel Industrial Park clears milestone
- 06/04/11 07:59 AM
Groundbreaking is held at Berks Park 78. A groundbreaking ceremony marking the commencement of infrastructure construction was held Thursday at Berks Park 78 in Bethel Township. It marked a climax of sorts for the 10-year effort to create an industrial and warehousing complex in Berks County that will allow businesses to build or to lease space that will be constructed to suit their individual needs. Thomas C. McKeon, executive director of the Berks County Industrial Development Authority, said the impetus for the entity sprang from the 2001 Leak-Goforth Co. study, which was commissioned to make an assessment of the county’s industrial-site … (0 comments)
bryan cole: NAI Keystone’s Bryan Cole handles 11,000 sf Lease in Wyomissing PA.
- 05/30/11 12:40 PM
Location: 2001 State Hill Road, Wyomissing, PA Press Release: NAI Keystone’s Bryan Cole represented Quest Diagnostics in an 11,000 +/- lease transaction in Wyomissing PA. NAI worked closely with Quest’s representatives to assist in reducing their rental rate by more than $5.00 per square foot along with obtaining 4 months of free rent. Quest hired Bryan to find a suitable location for the Laboratory and administrative offices for the Berks County market. After thorough analysis of the market, comparing all sites in detail, Quest settled on their location along State Hill Road. Since Bryan has an extensive knowledge of the office … (0 comments)
bryan cole: Consolidation Accelerates Ahead of Market Recovery
- 05/28/11 07:07 AM
Since the beginning of 2011, there has been a torrid level of M&A activity in the commercial real estate services industry. Recently announced deals include CBRE’s acquisition of the ING Real Estate fund management business; the sale of Newmark to financial derivatives house BGC; Colony Capital’s loan and exclusive look period with Grubb & Ellis; the recapitalization of DTZ by investment group SGP and the possible follow on merger with BNP Real Estate; and the hotly rumored takeover of King Sturge by JLL. And that is just on the services side. On the information side, Argus is selling to Altus and … (0 comments)
The May 2011 Commercial Real Estate Newsletter. This Newsletter outlines listings, events, deals, and articles relative to Commercial Real Estate in Berks and Schuylkill County PA. Interactive Brochure: http://www.bryan-cole.com/ibro/newsletters/2011/may/may2011.html For more information please send us an email at Bcole@naikeystone.com or check us out on the web at www.Bryan-Cole.com. Bryan E. Cole | Team Leader NAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502 Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com … (0 comments)
bryan cole: Apartment conversion project OK’d by city zoning board
- 05/18/11 12:23 AM
Update on a Past Press Release of NAI Keystone. - View Press Releases Here By: The Reading Eagle The conversion of the former Gilbert Associates building into 68 apartments can proceed with the blessing of the Reading Zoning Hearing Board. The board granted a special exception to developer Greg Sarangoulis for an adaptive reuse at 510 and 525 Lancaster Ave. and 30 Noble St. Also, the board granted a variance to permit more than three unrelated persons to live in one apartment. Sarangoulis testified last month that he plans to market the one-, two- and three-bedroom apartments to college students. The zoners heard … (0 comments)
bryan cole: Press Release – New Listing Assignment in Wyomissing PA – Allon Building
- 05/15/11 02:39 AM
NAI Keystone's Bryan Cole and John Buccinno were named exclusive leasing reps for a Class "A" Office Building located at 520 Van Reed Road in Wyomissing PA known as the Allon Building. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/czfs0f4a6l For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and … (0 comments)
bryan cole: Press Release – New Listing Assignment in Leesport PA
- 05/15/11 02:36 AM
NAI Keystone's Bryan Cole and John Buccinno were named exclusive sale and leasing reps for a Class "A" Flex Building located at 101 S. Centre Avenue in Leesport PA. For more information visit the file below. To view the press release see link >> https://teamcole.box.net/shared/ejq5c1h8nz For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and … (0 comments)
bryan cole: Press Release – New Listing Assignment in Wyomissing PA
- 05/15/11 02:26 AM
NAI Keystone's Bryan Cole and John Buccinno were named exclusive leasing reps for a Class "A" Office Building located at 560 Van Reed Road in Wyomissing PA known as the Van Reed Professional Center. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/5ajsalx5zp For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation … (1 comments)
bryan cole: Multi-Billion Dollar Riverfront Project Still On Drawing Board
- 05/10/11 02:44 PM
By: WFMZ in Allentown Big plans for Reading's riverfront are still flowing, but funding has all but dried up. The RiverView project was unveiled in Reading in 2008. "We're still here, four years later," said James Burdge, Giannasca Development Group's chief operating officer. RiverView is the multi-billion dollar brainchild of Giannasca, which boasts other successful commercial projects in Baltimore's Inner Harbor and in Miami. But so far, there's been no change to the landscape along the Schuylkill River in Reading. "For a while now, the commercial financing markets for real estate developments like [RiverView] has been dried up," Burdge explained. Not much … (0 comments)
bryan cole: Press Release – New Listing Assignment
- 05/09/11 10:48 PM
NAI Keystone's Bryan Cole and John Buccinno were named exclusive leasing reps for a Class "A" Office Building located at 560 Van Reed Road in Wyomissing PA. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/5ajsalx5zp For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and with the association of … (0 comments)
bryan cole: Press Release – New Lease Transaction to Riverfront Federal Credit Union
- 05/07/11 03:03 AM
NAI Keystone's Bryan Cole handles lease to Riverfront Federal Credit Union. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/oy3i3i8xrh For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and with the association of our global partners we can assist in locating product throughout the country. … (0 comments)
bryan cole: Press Release – New Lease Transaction to First National Bank
- 05/07/11 03:02 AM
NAI Keystone's Bryan Cole and John Buccinno handles lease to First National Bank in Wyomissing PA. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/r93siugk7e For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com Bryan E. Cole | Team LeaderNAI Keystone Commercial & Industrial, LLCdirect: 610-370-8502Bcole@naikeystone.com Check out my new website at www.Bryan-Cole.com NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; We handle buyer, tenant, and landlord representation throughout Pennsylvania and with the association of our global partners we can assist in locating product throughout the … (0 comments)
When a company closes shop Within the past few months news sources including the Reading Eagle, Eastern PA Business Journal and various other local publications have made mention of a number of companies deciding to close their facilities in the local marketplace. This has a few obvious impacts including job loss and tax revenue loss, but a large problem that is sometimes overlooked is what do we now do with the vacant real estate.
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