New 40,804 SF. Warehouse for Sale or Lease – Can expand to 80,000 SF.

NAI Keystone’s Bryan Cole and Steve Willems have been retained to exclusively handle the sale or lease of 130 Redner Way in Ontelaunee Township.

The property is a 40,804 sf. Flex Warehouse with room to expand an additional 40,000 sf. The building was built-in 2003 and original planned for 80,000 sf.

The site is 9.80 acres and has a surface parking lot that can accommodate 158 cars and 12 trucks.

The building has 4 existing dock doors and the ability to add overhead doors with ease since it originally had Overhead doors prior to its renovations in 2006.

The building has a mixture of commercial/office and warehouse with ceiling heights of 9′ to 16′ in the office area and 22′ to 35′ in the warehouse. The column spacing is 46 x 54 in the warehouse. The building has a 1200 amp service with public water and sewer.

130 Redner way is conveniently located just off Rt. 61. The site is within fairly close proximity to I-78 and Rt. 222 which are both accessibility via Rt. 61 N/S.  The building is located in Ontelaunee Township which is a business friendly municipality.

For More Information visit the link below.

Brochure Thumbnail Large

Don’t forget to visit www.Bryan-Cole.com or my clients/members site atwww.NAIKeystoneMembers.com

 

Bryan Cole, SIOR | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200 Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Stonepointe Center being Represented by NAI Keystone

NAI Keystone’s Bryan Cole and Steve Willems have been retained to exclusively handle the leasing of the Stonepointe Corporate Center in Muhlenberg Township.  Full address is 2525 N. 12th Street, Reading PA 19605.

The facility is a mixed use building with both Office and Industrial Capabilities. The industrial has multiple dock positions (or ability to add), on both levels. The facility has 17’6″ clear height on 2nd level with 15′ on 1st Level. The building is ideally suited for Bulk Warehouse, Fulfillment, or manufacturers.

The office is ideally suited for Back Office operations, Data Center users, or smaller local groups looking for as little as 3,000 sf. with the ability to service customers up-to 100,000 sf.

The building is fully sprinkler-ed and has 69Kv power supplied by First Energy and a 12,000 amp service.. Due to the proximity of the offices, the space can be delivered with high or low office vs. warehouse ratios.

The building offer a large surface parking field, various points of access.

Other Highlights

- Over 200,000 sf. of Office for Lease
- Over 430,000 sf. of Industrial for Lease
- On-Site Management
- 69 Kv Power with 12,000 Amp service

 

For More Information visit www.OurStonePointeCenter.com

Stonepointe

Don’t forget to visit www.Bryan-Cole.com or my clients/members site atwww.NAIKeystoneMembers.com

 

Bryan Cole, SIOR | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Bryan Cole of NAI sells Office Building in Warrington PA

By Bryan Cole

NAI Keystone’s Bryan Cole completed the sale of a 20,000 sf. multi-tenanted office building in Warrington, Bucks County, Pennsylvania.  The property is located at 1243 Easton Road, Warrington PA, and is considered a Class A office building with quality tenants.  The building is situated along a main corridor and will have a few suites for lease along with a 2,500 sf. Pad Site.

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For more information about the sale or information on the availabilities.  Please give us a call.

Don’t forget to visit www.Bryan-Cole.com or my clients/members site atwww.NAIKeystoneMembers.com

 

Bryan Cole, SIOR | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

March E-Newsletter Email

March 2014 E-Newsletter 

March E-Newsletter

Bryan Cole, SIOR | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

NAI Ranks within Top Five in Commercial Real Estate Brands Survey

NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the top five spot in the 2014 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands.

NAI Global is the only commercial real estate network represented in the top five. NAI Keystone Commercial &   Industrial, LLC is a member of NAI Global.

“We are proud that the strength of the NAI Global network is reflected in the results of this year’s Lipsey survey,” said Bryan Cole, Sr. Associate and SIOR of NAI Keystone Commercial & Industrial.

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment.

NAI Keystone is a part of the premier commercial real estate brokerage network in Pennsylvania providing expert services to both local and global clientele. Based in Reading, NAI’s services include acquisitions and dispositions, leasing, tenant representation, lease administration and audit, investment services, due diligence, and related consulting and advisory services. Pennsylvania commercial brokers specialize in industrial, office, retail, investment and multifamily properties.  Information can be found at www.Bryan-Cole.com

NAI_Keystone- Bryan-Cole

NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global-member firms are leaders in their local markets and are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, NAI Global-member firms span 55 countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually. Supported by the central resources of the NAI Global organization, member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

Bryan Cole, SIOR | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Wyomissing Office Properties for Lease

List of Properties for Lease / Sale in Wyomissing Pennsylvania.

By Bryan Cole of NAI Keystone

Wyomissing Office Property Cover

You can click the photo above to take you to the Wyomissing Office Mailing, or click here.

If you are looking to lease office space in Wyomissing or Spring Township, be sure to check out www.WyomissingOfficeSpace.com.  If you are looking for office space in any other market, please give us a call or visit www.Bryan-Cole.com.

Thank you,

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Year End 2013 – Greater Reading Office Report

Year End 2013 Full Office Report

By Bryan Cole of NAI Keystone

Year End 2013 - Cover

Please join my Client/Member site to access all market reports.

You can click the photo above to take you to the current report, or click here.

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Greater Reading Office Market Overview – 4th Qtr. 2013

Greater Reading Office Market Overview
4th Quarter 2013 Report
By Bryan Cole

Suburban Office Market Overview

The Greater Reading Suburban Office Market ended the 4th quarter of 2013 with a vacancy rate for Class A Office buildings at 12.71 percent. This is a large decrease in vacancy rates from 3rd quarter of 2013 and a larger decrease in vacancy from same period in 2012. The average rental rates increased to $17.50 – $22.50 per square foot Modified Gross, which is also an increase in the rates from the same period in 2012.

Deals of primary focus within Class A building sector were the 53,000 sf. lease at 1 Meridian Blvd, in Wyomissing, which was a relocation from another area of Berks County, and the reduction of around 50,000 sf. of space previously slated for office buildings being converted to a hotel. The lease outlined, along with other market factors, helped to reduce vacancy rates and increase overall absorption.

The Class B Suburban Office Market ended the 4th quarter of 2013 with a vacancy rate of 16.12 percent. This is a large decrease in vacancy rates from 3rd quarter of 2013, and it is a decrease from the same period in 2012. The average rental rates increased $14.50 – $18.50 per square foot Modified Gross from the 3rd quarter of 2013 to 4th quarter of 2013 and that is an increase from the same period in 2012, when average rental rates were $11.00 – $16.50 per square foot.

Deals of primary focus within the Class B building sector were two new leases, including the 26,016 sf. lease at 1125 Berkshire Blvd. in Wyomissing, and the 15,000 sf. lease at 6 Commerce Drive in Wyomissing. The activity level for second generation Class B space has slowed in the 4th quarter, however, this is typical toward the holiday months.

And the Class C Suburban Office Market ended the 4th quarter of 2013 with a vacancy rate of 13.07 percent, which contained no change from the 3rd quarter of 2013.

Our outlook for the office market sector going into the 1st quarter of 2014 is continued optimism as activity levels continue to remain strong.

Downtown Reading Office Market Overview

The Greater Reading Downtown Office Market ended the 4th quarter of 2013 with a vacancy rate for Class A Office buildings at 5.45 percent. This was welcome news as it was a very large positive change in vacancy rates from 3rd quarter of 2013; it was also a large decrease from the same period in 2012. The average rental rates slightly decreased from the 3rd to the 4th quarter of 2013 at $11.00 per square foot Modified Gross to $14.50 per square foot Modified Gross.

The reason for the large drop in vacancy rates was due to the sale of 401 Penn Street to I-Lead Charter School. Although the public’s understanding is they will be leasing some of the space out, nothing has been clearly defined. Due to the sale, the large block of available space has been removed from the market, causing vacancy rates to significantly drop.
The Class B Downtown Office Market ended the 4th quarter of 2013 with a vacancy rate of 25.59 percent. This was an increase in vacancy rates from 3rd quarter of 2013, and it was a large increase from the same period in 2012. The average rental rates remained unchanged at $7.50 per square foot Modified Gross in the 4th quarter 2013 to $11.00 per square foot Modified Gross, this is however a slight decrease to the rates from the same period 2012.

Overall Vacancy Rates for Class C buildings jumped from 4th quarter to more than 23.35 percent. This was due to Class C tenants moving to higher tier properties and various buildings that were previously tracked as Class B buildings being changed to Class C buildings because of re-evaluating the assets and conditions.

www.Bryan-Cole.com

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Reading’s Boscov breaks ground today on $56M four-star hotel

By Jennifer Glose of LVB.com

Well-known Reading retailer Albert Boscov broke ground this morning on what will be a $56 million four-star hotel in the city’s downtown – a vision that has been seven years in the making.

Taking up the entire 700 block of Penn Street, the nine-floor, 208-room Double Tree by Hilton will sit directly across from Santander Arena. Hotel features will include a convention center, pool, ballrooms and a restaurant, along with a 928-space parking lot. The complex is expected to be completed by summer 2015.

“We have been working for seven years to make this happen,” said Boscov, the well-known owner of Boscov’s retail store chain. “We didn’t want just a regular hotel; we wanted a four-star hotel.”

The hotel project, Boscov said, is the result of efforts by his nonprofit Our City Reading Inc. and a group of 10 people in the community who supported the project.

“We are excited to see this movement on the long anticipated hotel,” said Charles Broad, executive director of the city’s Downtown Improvement District Authority. “First of all, it will provide benefit to people coming into the arena, and we hope that it will attract other restaurants and coffee shops.”

Boscov’ connection to Reading is eminent. His deep roots in the city are in part from his late father’s legacy, Solomon Boscov, who more than a century ago opened the first Boscov’s retail department store at Ninth and Pike streets in the downtown. Albert Boscov was instrumental in growing his father’s business into a multistore retail chain of more than 40 stores throughout the East Coast.

“He has been a visionary for Reading,” Broad said. “He has a vision for what should be here and makes it happen and never stops trying.”

In 2001, Boscov started Our City Reading as a nonprofit to renovate old homes in the city and make them affordable for first-time homebuyers in the city and to develop the city to bring quality jobs. To date, Our City Reading has renovated 550 homes.

Our City Reading also helped to develop the 200 block of the downtown near Washington Street with a GoggleWorks luxury apartment building, Imax Theater, Panevino Rustic Italian Cuisine and the Goggleworks Center for the Arts.

“I am proud of the fact that we have had the support of the community,” Boscov said.

“Reading never had a four-star hotel, and I believe this is one of the most important projects in Reading to date and a great step forward – and we are far from done.”

Article By Jennifer Glose and the original can be found by clicking here

End of Original Article ~

“The project will be a great addition to Downtown Reading and add another amenity that is much-needed.  I look forward to seeing it finished and have high hopes that the hotel will bring new business to downtown Reading while helping retain the existing” ~Bryan Cole, NAI Keystone Commercial & Industrial, LLC

NAI Keystone’s Bryan Cole and Steve Willems are marketing two office buildings which are very close to the new Hotel.   One of the buildings is directly next door.

645 Penn Street, Reading PA

201 Penn Street, Reading “The Gateway Building”

 

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Berks firm to build $4M university project

Article By Brian Pedersen

IMAGE COURTESY OF IMMACULATA UNIVERSITYIMAGE COURTESY OF IMMACULATA UNIVERSITY

Kinsley Construction Inc., which has an office in Wyomissing, earned a contract to build the first part of the West Campus Housing Project at Immaculata University in Immaculata, said Jack Hoy, business development manager for Kinsley.

Immaculata University hired Kinsley to begin building the $4 million project, which includes new four- and five-bedroom suite-style housing units. Each building contains beds for about 60 students, Hoy said.

The first part includes two three-story buildings, with each building covering about 10,000 square feet, Hoy said.

Construction will begin in January.

The company is scheduled to complete the first part of the project in July in time for the fall semester. Crabtree Rohrbaugh & Associates of Mechanicsburg is the architect.

Immaculata University is a Catholic, comprehensive, coeducational institution of higher education sponsored by the Sisters, Servants of the Immaculate Heart of Mary.

Kinsley Construction is headquartered in York.

 

By Brian Pedersen with original article here

 

Bryan Cole of NAI Keystone represents two projects of Kinsley’s in Greater Reading; that information can be found below.

Wyomissing Corporate Campus and Ridgewood Professional Center

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

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