Shillington architect to share loft life with Berks

 

NAI Keystone was the real estate broker responsible for the sale of the facility named in the article below.

 

By Reading Eagle:

Three years ago, architect David M. Kleckner undertook a $750,000 renovation project. He converted one of the former Fairy Silk Mill buildings on Catherine Street in Shillington into company offices and a loft for his family’s home.

 

 

Since that time, Kleckner has received favorable comments on the look of his New York City-style loft.

Now Kleckner, principal in Kleckner Laucks Architects, is taking on a new project to share this style of living with the rest of Berks County.

Kleckner purchased another industrial building at 31 S. Sterley St., Shillington – just two blocks from his office and loft – with the intention of converting its five floors into trendy loft condominiums.

The building, which dates to the 1920s, also was once part of the Fairy Silk Mill complex. The location also has housed a swimwear manufacturing business and most recently Lakeland Reflective Apparel.

But Kleckner has a vision to retrofit the former industrial building with living spaces.

“In my mind, this is a great old shell of a building,” Kleckner said. “I want to bring a new style of living to Berks County.”

At this stage in development, new owners will be able to work with Kleckner – or any architect – to custom-design the space.

“Someone will be able to buy a shell, almost as is,” he explained. “The owner of each loft will get one garage and one outdoor parking space. Then the ideal thing will be for the owner to work with me to custom-design the loft and the room divisions.”

Kleckner said he plans to make general electrical, sewer, water and gas improvements to the building.

“I love the idea of saving old buildings and bringing something totally new to Berks County,” Kleckner said.

He said he hopes to have all of the building’s five floors converted into loft condominiums, complete with new owners, by the end of this year.

Then, Kleckner said, his goal is to focus on other industrial buildings, preferably in Shillington, to create more unique living spaces.

However, his overall vision is even broader.

Kleckner believes the loft condominiums can be a stepping stone to transforming the community.


“I am working closely with the borough of Shillington and the Shillington Business Association to try and create a more pedestrian-friendly shopping area along West Lancaster Avenue,” Kleckner said. “I’m trying to do a full-circle thing for Shillington.”

Kleckner hopes that when business owners begin to see positive changes, they too will get on board.

“By osmosis, we are hoping that business owners and property owners along the avenue will begin to make improvements to their buildings when they see what is being done,” he said.

Kleckner believes a revamped, trendy shopping area in Shillington will be a draw for people who want to live in the lofts.

“People really like the open feel to lofts,” Kleckner said. “The size and the space has a nice contemporary feel.”

Contact David A. Kostival

 

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole | Team Leader
NAI Keystone Commercial & Industrial, LLC
direct: 610-370-8502
Bcole@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.

Office Tenant Improvement Costs are Skyrocketing

Commercial real estate tenant improvements (TIs) have always cost a lot, but you would think that with the real estate market as a whole slowly marching back from the worst overall recession since the 1970s that some discounts would be available. This has not proven to be the case at all; in fact, costs for TIs requested by new tenants has taken a significant upturn during the first two quarters of 2011. What is driving this trend?

Misconception Regarding
Labor Costs
: One matter that causes people to think TIs should be flat or decreasing in cost is the fact that the
commercial and private real estate markets went flat or, in some areas, sank into chaos. Unfortunately, the price or availability of real estate has nothing to do with the cost of workers that must be hired in order to perform
tenant-requested modifications to a commercial real property. While there are plenty of workers available, the minimum wage for even menial tasks has risen and the cost of skilled labor has remained the same or increased due to average wages in a given market. In no case has the cost of construction labor, especially skilled labor, been reduced by the economy. A fair wage remains a fair wage and when a licensed contractor is required to perform work, that contractor requires a labor payment sufficient to cover his or her own pay as well as those people who must be hired to perform the tasks involved in the upgrade. As has always been the care, the more education, licensing, insurance, bonding, and other requirements that must be met by a legally operating skilled labor contractor, the higher the costs passed on to the property owner and, in the end, to the tenant paying for TIs.

Cost of Material Increases: As the economy rebounds, it seems that inflation is sneaking its ugly nose into everything everywhere. Even though salaries may not be increasing, costs are definitely on the rise. Donald Miller, a Central Texas contractor stated, “My cost for steel studs and related materials (used in TIs) have almost doubled during the first quarter of 2011. I’m not sure what caused this jump, maybe it is inflation, but I still have to pay the higher prices when I purchase materials to do my work.” Miller, like all other contractors,
has no control over the cost of materials that must be included in job bids for TI work or any other type of work and it is only because all contractors are faced with this same increase that bids remain competitive. It isn’t just
Central Texas that is facing these increases. Kenny Thompson of Thompson Concrete Construction, a Central Florida contractor, states, “I have to purchase lumber and steel for my jobs and I’ve noticed a sharp increase in the materials for what jobs that are available for RFP in the area in the last few months.” This impacts new commercial real estate, residential, and TIs – all phases of the real estate market and makes costs inch up.

Reverse Impacts of Poor Economy: Two years ago when the economy in the U.S. took a huge hit, many manufacturers of materials used in TI construction work had to lay off employees and reduce their inventory to
bare-bones levels. Some companies had to close their doors completely, leaving holes in the manufacturing of some areas and resulting in shipping costs to move materials from regions still producing or having on-hand inventory. This means that premium prices are required by the construction supply companies because of reduced inventory on hand or higher shipping costs being rolled into the price of materials.

So while the “reasonable” person would expect TI cost to be lower, reality is quite the opposite.

Backlink:

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole | Team Leader
NAI Keystone Commercial & Industrial, LLC
direct: 610-370-8502
Bcole@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.

 

Information via Officefinder

June 2011 Commercial Real Estate Newsletter

The Team Cole June 2011 Commercial & Industrial Real Estate Newsletter

May Newsletter

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, LLC
direct: 610-370-8502

Bcole@naikeystone.com

Check out my new website at www.Bryan-Cole.com

Bethel Industrial Park clears milestone

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 needs.

“That said that Berks was at a disadvantage because it didn’t have shovel-ready sites,” McKeon said. “So we feel we have fulfilled the mission we were given way back then.”

BCIDA purchased the property in September 2004 for $6.3 million

The development, just off Interstate 78 along Route 501 in Bethel, has entailed about $43.5 million in federal, state and local funding, McKeon said.

He estimated that it will provide a minimum of 1,000 jobs.

The park also will necessitate the reconstruction of the I-78/Route 501 interchange, which in itself represents an investment of $23.4 million in highway funds, he said.

Infrastructure construction will include improvements to 501 and the building of access roads throughout the 323-acre site, as well as the construction of an entrance.

The next phase will include construction of a water tank, pump house and connections from wells for the park’s fire-suppression system. A sewage pump station will also be built and traffic lights installed.

Metropolitan Edison Co. will provide power to the site. McKeon said the company is purchasing rights of way for that part of the project.

McKeon said there has been interest expressed in the location from developers and end users, including some Fortune 100 companies.

“We are seeing some companies consolidating warehouses, and imports are up, and that drives demand for warehouse space,” he said. “We’re starting to see the effects of that. Our advantage is that we’re not like a build-to-suit developer, where the developer says, ‘I own the land and I am going to build the building for you.’ We’re very flexible.”

With its optimal location near a major interstate highway, McKeon said the park should be attractive to any number of potential tenants.

“This is a very big deal,” McKeon said of the park, noting the jobs that it is expected will be created and the tax dollars it will generate for Bethel, Berks and the Tulpehocken School District. “That’s what you need for the future. And it’s really for the benefit of the entire county.”

via The Reading Eagle

 

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole | Team Leader
NAI Keystone Commercial & Industrial, LLC
direct: 610-370-8502
Bcole@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.

What To Look For When Purchasing Used Office Furniture

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 without the need for replacement. Some large companies refurnish their offices every few years. The used office furniture and cubicles from these companies are usually sold to specialized companies where the furniture is refurbished before reoffered for sale again. Companies such as Ethosource offer used office furniture from top notch brands like Hernan Miller at a fraction of the original price. Mostly, this type of office furniture is as good as new as most companies at least partially refurbish their furniture before selling it.

One of the problems that might face you, if you choose to purchase used office furniture, is that you won’t easily find the perfect furniture pieces to match your office space. However, some specialized companies can modify the furniture to suit your work space. Look for companies that offer excellent customer services. Some companies will send you a sales representative who would decide which modifications should be done to the used office cubicles you wish to purchase.

Not only you would be saving money, but also protecting the environment when deciding to go for used and reconditioned office furniture. Some of the used office furniture is known as environmentally friendly office furniture, or green office furniture. It is better to look for office furniture that is manufactured from recycled and recyclable materials such as wood, metal and recycled plastic. Materials like recycled plastic prevents the damage that can affect the environment from the use of ordinary plastic. Apart from used office furniture, green office furniture can be manufactured from wood recycled from railway trucks, old factories, bridges, buildings…etc.

Deciding to purchase used office furniture doesn’t mean that you are going to get some low quality furniture that would collapse a few weeks after being assembled. Always look for durable furniture whenever your budget can permit. Some materials are both durable and environmentally friendly such as cork and bamboo.

Look for used office furniture that offers flexibility and technical feasibility e.g. most used office cubicles from Ethosource are easily assembled and come with baseline electric power input.

The recent economic recession has shrunk the budget of many businesses especially small ones. Not only can you save a lot of money when purchasing used office furniture, but also you can help protect the environment.

This post is courtesy of EthoSource and Mark Miller, COO Ethosource

 

For More Information about Local News, Market Intel, or Commercial Real Estate Opportunities; visit www.Bryan-Cole.com

Bryan E. Cole | Team Leader
NAI Keystone Commercial & Industrial, LLC
direct: 610-370-8502
Bcole@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.