Terms of the lease are undisclosed. Brokers familiar with the West Parkcomplex and other industrial/distribution facilities throughout the LehighValley told GlobeSt.com that conditions favor tenants. While the averageasking rate is about $4.25 per sf, taking rates are in the range of $3.75 to$3.65 per sf, they report.
Kloss specializes in selling concession equipment and supplies for Kloss FunFood, including sundae toppings, popcorn and cotton candy machines, andsno-kone syrup to such clients as Philadelphia's First Union Center andVeterans Stadium, the Philadelphia Zoo, Camden (NJ) Aquarium, Trenton (NJ)Arena, and First Union Arena in Wilkes-Barre, PA.
Bob Gates and Bill Wolf of the Philadelphia office of Insignia/ESGrepresented Keystone in the negotiations. Paul Weiss of locally based HawleyRealty represented Kloss.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
