Ogontz Plaza, Philadelphia, PA

PHILADELPHIA—A range of smaller transactions have taken place recently in the Philadelphia and Eastern Pennsylvania markets. Here's a roundup:

SALES

PHILADELPHIA, PA—Haines Eastburn Stenton Corp. has sold Ogontz Plaza, at the intersection of 72nd and Ogontz Avenue in Philadelphia, PA, to City View Commercial for $2.9 million. Legend Properties represented Haines Eastburn Stenton in the sale of the 33,000 square foot shopping center in the West Oak Lane neighborhood.

PHILADELPHIA, PA—Greysteel, a Washington, DC-based real estate investment services firm, has arranged the sale of a CVS Pharmacy in the Holmesburg section of Philadelphia, PA. Henry Schuldinger of Greysteel's Mid-Atlantic retail investment sales team served as exclusive advisor and agent to the purchaser. The property, originally constructed in 1999, is occupied by CVS under a double net lease. Before the end of the primary term of the original lease, CVS entered into a lease extension creating a lease term that continues to 2036 with additional options.

LEASING

PHILADELPHIA, PA—Community Integrated Services, the largest Philadelphia-based employment search agency for people with disabilities, expanded its lease for office space at 441 North 5th Street in Philadelphia, PA. Dan Gummel of PernaFrederick negotiated the multi-year agreement that will extend an existing lease and increase of size of CIS offices to approximately 8,700 square feet on the first floor of the four-story building. CIS has been situated in 6,337 square feet of the building since 2006 under an initial lease also negotiated by Gummel. Gummel arranged the expansion and renewal with Miller Building Partners, owner of the 80,000 square foot structure, and will extend CIS' tenancy at 441 North 5th Street to the later years of this decade. Financial terms were not disclosed.

ERIE, PA—Locally based furniture operator Fred's Furniture has leased 6,720 square feet at Liberty Center I in Erie, becoming the latest retailer to join the tenant lineup. Jordan Korris of North Plainfield, NJ-based Levin Management, which leases and manages the 227,000-square-foot shopping center, negotiated the lease. Susan Dey of Marsha Marsh Real Estate Services represented the tenant.

SUSQUEHANNA, PA—Maxim Healthcare Services, Inc. leased new office space at 800 Corporate Circle, Susquehanna Twp. The Bill Gladstone Group, of NAI CIR, and Peter McGill, of DTZ, represented Maxim Healthcare Services. Roy Brenner of Landmark Commercial Realty represented the property owner.

LOWER PAXTON TOWNSHIP, PA—Comprehensive Cleaning Solutions has leased warehouse space at 6130 Jonestown Road, Lower Paxton Twp. Ida McMurray, CCIM, SIOR of NAI CIR represented the property owner. David White of Coldwell Banker represented the tenant .

EXCLUSIVE AGENCY

PHILADELPHIA, PA—Metropolis Investment Holdings has retained CBRE to provide leasing solutions to the Shops at Liberty Place, a 150,000 square- foot, two level retail project. CBRE's team includes Steven Gartner, Larry Steinberg, Christina Zipf and Mallory Scaccetti. The Liberty Place complex consists of two office towers containing more than two million square feet of first class office space, the 289-room Westin Philadelphia Hotel, luxury condominium residences and four levels of underground parking. The Shops at Liberty Place features more than 60 retailers, including an expansive food court and retail favorites such as J. Crew, Bloomingdales the Outlet Store, Express, LOFT, Jos. A. Banks, Victoria's Secret and more.

Ogontz Plaza, Philadelphia, PA

PHILADELPHIA—A range of smaller transactions have taken place recently in the Philadelphia and Eastern Pennsylvania markets. Here's a roundup:

SALES

PHILADELPHIA, PA—Haines Eastburn Stenton Corp. has sold Ogontz Plaza, at the intersection of 72nd and Ogontz Avenue in Philadelphia, PA, to City View Commercial for $2.9 million. Legend Properties represented Haines Eastburn Stenton in the sale of the 33,000 square foot shopping center in the West Oak Lane neighborhood.

PHILADELPHIA, PA—Greysteel, a Washington, DC-based real estate investment services firm, has arranged the sale of a CVS Pharmacy in the Holmesburg section of Philadelphia, PA. Henry Schuldinger of Greysteel's Mid-Atlantic retail investment sales team served as exclusive advisor and agent to the purchaser. The property, originally constructed in 1999, is occupied by CVS under a double net lease. Before the end of the primary term of the original lease, CVS entered into a lease extension creating a lease term that continues to 2036 with additional options.

LEASING

PHILADELPHIA, PA—Community Integrated Services, the largest Philadelphia-based employment search agency for people with disabilities, expanded its lease for office space at 441 North 5th Street in Philadelphia, PA. Dan Gummel of PernaFrederick negotiated the multi-year agreement that will extend an existing lease and increase of size of CIS offices to approximately 8,700 square feet on the first floor of the four-story building. CIS has been situated in 6,337 square feet of the building since 2006 under an initial lease also negotiated by Gummel. Gummel arranged the expansion and renewal with Miller Building Partners, owner of the 80,000 square foot structure, and will extend CIS' tenancy at 441 North 5th Street to the later years of this decade. Financial terms were not disclosed.

ERIE, PA—Locally based furniture operator Fred's Furniture has leased 6,720 square feet at Liberty Center I in Erie, becoming the latest retailer to join the tenant lineup. Jordan Korris of North Plainfield, NJ-based Levin Management, which leases and manages the 227,000-square-foot shopping center, negotiated the lease. Susan Dey of Marsha Marsh Real Estate Services represented the tenant.

SUSQUEHANNA, PA—Maxim Healthcare Services, Inc. leased new office space at 800 Corporate Circle, Susquehanna Twp. The Bill Gladstone Group, of NAI CIR, and Peter McGill, of DTZ, represented Maxim Healthcare Services. Roy Brenner of Landmark Commercial Realty represented the property owner.

LOWER PAXTON TOWNSHIP, PA—Comprehensive Cleaning Solutions has leased warehouse space at 6130 Jonestown Road, Lower Paxton Twp. Ida McMurray, CCIM, SIOR of NAI CIR represented the property owner. David White of Coldwell Banker represented the tenant .

EXCLUSIVE AGENCY

PHILADELPHIA, PA—Metropolis Investment Holdings has retained CBRE to provide leasing solutions to the Shops at Liberty Place, a 150,000 square- foot, two level retail project. CBRE's team includes Steven Gartner, Larry Steinberg, Christina Zipf and Mallory Scaccetti. The Liberty Place complex consists of two office towers containing more than two million square feet of first class office space, the 289-room Westin Philadelphia Hotel, luxury condominium residences and four levels of underground parking. The Shops at Liberty Place features more than 60 retailers, including an expansive food court and retail favorites such as J. Crew, Bloomingdales the Outlet Store, Express, LOFT, Jos. A. Banks, Victoria's Secret and more.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].