nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: What To Look For When Purchasing Used Office Furniture
- 06/02/11 05:18 AM
Buying used office furniture is a smart way to decorate a small office at your home or even a large office at a big company. Although the yellow pages and the internet are filled with hundreds of ads of companies that sell refurnished used office furniture, selection must be made wisely, unless you want your office to fall apart in a couple of months! So, what should you look for when you decide to purchase used office furniture? Just like new office furniture from prestigious brands is a good investment, reconditioned office furniture from leading brands can last for long years … (4 comments)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: 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)
nai keystone: Press Release – New Lease Transaction to Life Choice Hospice
- 05/07/11 03:01 AM
NAI Keystone's Bryan Cole and John Buccinno handles lease to Life Choice Hospice in Shoemakersville PA. For Press Release see link below. To view the press release see link >> https://teamcole.box.net/shared/32xoxlnnzf 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)
nai keystone: Pennsylvania 2011 Market Report
- 04/24/11 09:15 AM
The PA Commercial Real Estate Market Report is ready. Please see the link below; the report was compiled by various NAI offices. For more information please send us an email at Bcole@naikeystone.com or check us out on the web at www.Bryan-Cole.com. Interactive Brochure: http://www.bryan-cole.com/ibro/marketinfo/pa/pareport2011.html 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)
nai keystone: Top Ten Requirements for Medical Office Space
- 04/17/11 08:58 AM
Here is a partial reprint of an article that appeared on the Orlando Medical News website. Although most of the information remains the same from the original article, i made a few changes to outline my specific market. For the original article please go to the bottom of this post. Thank you. AffordabilityThe number one factor affecting doctors' decisions when deciding on medical office space is affordability. Recently, a large surgical practice in Orlando signed a long term lease for 30,000 square feet in a new mixed use development project in South Orlando at $17 per-square-foot. This new leased space will … (2 comments)
nai keystone: NAI Keystone's Bryan Cole and Steve Willems lease a 220,000 sf Distribution Center in Reading PA
- 10/20/10 03:58 PM
Date: 2010NAI Keystone's Bryan Cole and Steve Willems handle 220,000 sf Lease at 171 Tuckerton Road, Muhlenberg PA. Click Here for Press Release Who is NAI Keystone? NAI Keystone is a full service commercial and industrial real estate firm. NAI Keystone maintains a prominent market share in Berks and Schuylkill Counties. NAI offers various services including but not limited to; Landlord representation, tenant representation, consulting services, site development, site selection, and property management. NAI Keystone is part of NAI Global, which is a managed network of commercial real estate brokers and companies which spans throughout the world. NAI Global has 325 … (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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