Year End 2013 – Greater Reading Office Report

Year End 2013 Full Office Report

By Bryan Cole of NAI Keystone

Year End 2013 - Cover

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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

Press Release – New Listing Assignment for Bryan Cole of NAI Keystone

Location:
Berkshire Place
2230 & 2240 Ridgewood Road
Wyomissing, PA 19610https://i2.wp.com/www.loopnet.com/Attachments/9/0/3/xy_9031B973-4D8B-42A8-B9B8-6116A2273223__.JPG

Press Release:

NAI Keystone Commercial & Industrial, LLC’s Bryan Cole has been hired by Carlino & Company to exclusively represent the  Lease of 2230 and 2240 Ridgewood Road, Located in the heart of Berks Medical Community and the Borough of Wyomissing.

The properties are located just off Berkshire Blvd and Ridgewood Roads in a professional campus setting named Berkshire Place.  The assignment consists of a single story 11,000 sf. MOB which is easy to divide with natural 5,700 and 5,300 sf. separations.  The building is currently built out as a Surgery Center and Medical Offices.  The entire 11,000 sf. is available for Lease.

The second building located at 2240 Ridgewood Road is a single story Class A office building with a 1,621 sf. suite available for Lease.  The suite is located on the end of the building which allows for plenty of natural light and easy access.  The space consists of two small offices, and open-work area with a dedicated restroom.

Both facilities are owned and managed by Carlino & Company.

Berkshire Place is an office campus located in the Boro of Wyomisisng. The facility is surrounded by professional offices and medical practices.  The main highway access points are Rt. 422 via State Hill Road or Rt. 422/12 via woodland road.

 

https://i2.wp.com/www.loopnet.com/Attachments/5/5/A/xy_55A6BE37-6326-4940-A4E4-596751D71887__.JPG

2230 Ridgewood Road Brochure

2240 Ridgewood Road Brochure

 

For Additional Information please visit www.WyomissingOfficeSpace.com.

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.

Who is Bryan Cole:

Bryan joined NAI Keystone in July of 2004, prior to joining NAI, Bryan Cole spent 4 year’s active duty in the U.S. Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan.  Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased in the excess of $250 Million Dollar’s worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been the Top Performer/Producer at NAI since 2006 with an average of $30-$35 Million in production annually.

For additional information please visit http://www.Bryan-Cole.com or email us at Bcole@naikeystone.com

End of Press Release ~

 

 

Bryan E. Cole | NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

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

About Bryan Cole and NAI Keystone

Bryan joined NAI Keystone in early 2004, but before joining NAI, Bryan Cole spent 4 year’s active duty in the United States Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan. Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased well over $250 Million Dollars worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been NAI Keystone’s Top Performer from 2006 – 2011.
NAI Keystone is a full service commercial and industrial real estate firm located in Reading, Berks County.  NAI Keystone manages and handles approximately 4 Million square feet of commercial and industrial space in Berks and Schuylkill County.  NAI is the only firm in Berks County dedicated to strictly commercial real estate.
www.Bryan-Cole.com  | 610 779 1400 (o) | 610 779 1985 (f)

Press Release – New Listing Assignment for Bryan Cole of NAI Keystone

Location:
Wyomissing Professional Center
965 Berkshire Blvd
Wyomissing, PA 19610

Press Release:

NAI Keystone Commercial & Industrial, LLC’s Bryan Cole has been hired by Carlino & Company to exclusively represent the  Lease of 965 Berkshire Blvd. Located in the heart of Berks Medical Community and the Borough of Wyomissing.

The property is located along Berkshire Blvd and Papermill Roads.  The building consists of 11,014 SF.  It is a Class A/B Single Story freestanding Office Building for Lease.  The building is divisible to 5,000 sf. with maximum contiguous space of 11,014 sf.

The facility is located across from The Home Depot/Best Buy Shopping Center, Crowne Plaza, and within the Wyomissing Professional Center Office Park.  The building formerly housed the Berks Products which acted as Back Office Support services and some C-Level space.

Due to its easy access to Rt. 422, Rt. 222, Rt. 183, & Rt. 61 the property is ideal for Medical, Back Office, or Administrative Functions.  The property also has public transit nearby.

For Additional Information please visit www.WyomissingOfficeSpace.com.

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.

Who is Bryan Cole:

Bryan joined NAI Keystone in July of 2004, prior to joining NAI, Bryan Cole spent 4 year’s active duty in the U.S. Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan.  Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased in the excess of $250 Million Dollar’s worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been the Top Performer/Producer at NAI since 2006 with an average of $30-$35 Million in production annually.

For additional information please visit http://www.Bryan-Cole.com or email us at Bcole@naikeystone.com

End of Press Release ~

Bryan E. Cole | NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

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

About Bryan Cole and NAI Keystone

Bryan joined NAI Keystone in early 2004, but before joining NAI, Bryan Cole spent 4 year’s active duty in the United States Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan. Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased well over $250 Million Dollars worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been NAI Keystone’s Top Performer from 2006 – 2011.
NAI Keystone is a full service commercial and industrial real estate firm located in Reading, Berks County.  NAI Keystone manages and handles approximately 4 Million square feet of commercial and industrial space in Berks and Schuylkill County.  NAI is the only firm in Berks County dedicated to strictly commercial real estate.
www.Bryan-Cole.com  | 610 779 1400 (o) | 610 779 1985 (f)

NAI Keystone’s Bryan Cole handles sale of 7,648 sf. MOB

NAI Keystone’s Bryan Cole handles the sale of a 7,648 sf. MOB in Wyomissing PA.  The property was owned and operated by Diagnostics Health Corporation who hired NAI to sell the asset.  The facility was set up for an imaging operation.

The property located at 1025 Berkshire Blvd, Suite 500 is located in the Berkshire Commons condo association in Wyomissing PA.  The site is a free-standing building with easy access to major berks corridors and located in the  heart of the Berks Medical community.

NAI Keystone was sole broker in the transaction; NAI keystone is also assisting Diagnostics Health Corp in the sale of two fully occupied MOB’s in Beaumont Texas, and Jackson Texas.  The leases totaled 24,000 sf. in two free-standing buildings which are also being leased as imaging centers. 

For more information abou these NNN deals please call Bryan Cole at 610 370 8502.

For more information about this lease please contact Bryan Cole of NAI Keystone Commercial & Industrial, LLC

Source: www.Bryanecole.wordpress.com and www.Bryan-cole.com

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

Bryan E. Cole | NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

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

About Bryan Cole and NAI Keystone

Bryan joined NAI Keystone in early 2004, but before joining NAI, Bryan Cole spent 4 year’s active duty in the United States Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan. Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased well over $230 Million Dollars worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been NAI Keystone’s Top Performer from 2006 – 2011.
 
 
NAI Keystone is a full service commercial and industrial real estate firm located in Reading, Berks County.  NAI Keystone manages and handles approximately 4 Million square feet of commercial and industrial space in Berks and Schuylkill County.  NAI is the only firm in Berks County dedicated to strictly commercial real estate.  www.Bryan-Cole.com.
 
610 779 1400 (o) | 610 779 1985 (f)
 
 

NAI handles Sub-Lease at 1105 Berkshire Blvd.

Location:

The Travelers Building, 1105 Berkshire Blvd., Wyomissing PA 19610

Deal Information

NAI Keystone Commercial & Industrial, LLC was hired by Mette, Evans & Woodside to sub-lease their space at 1105 Berkshire Blvd., in Wyomissing PA.  The space consisted of 4,756 square feet of office space.

NAI’s Bryan Cole and John Buccinno worked diligently to assist in locating a company to take over the existing lease or provide an opportunity to allow for Mette Evans & Woodside to negotiate and early buy-out with the existing landlord.

Annie Mac a financial firm was brought to the market by another brokerage company and worked with NAI and the building owner to negotiate a lease and buyout., NAI did extensive marketing and canvassing to assist in locating various users who showed initial interest in the site.

Brokers:

The team responsible for the assignment was Bryan Cole 610 370 8502 and John Buccinno 610-370-8508.

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 offices in 55 countries and an annual transaction volume of $45 Billion.

For additional information please visit http://www.Bryan-Cole.com or email us at Bcole@naikeystone.com

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

Bryan E. Cole

NAI Keystone Commercial & Industrial, LLC

direct: 610-370-8502

Bcole@naikeystone.com

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

About Bryan Cole and NAI Keystone

Bryan joined NAI Keystone in early 2004, but before joining NAI, Bryan Cole spent 4 year’s active duty in the United States Marine Corp, including a 6 month deployment in Afghanistan, a 4 month deployment in Kuwait/Iraq, and a 7 month deployment in Japan. Prior to joining the military Bryan was involved in the construction of commercial and multi-unit properties in the Philadelphia suburbs. Bryan has experience working with a diverse group of individuals in numerous countries throughout the world. During Bryan’s time at NAI, he has sold and leased well over $150 Million Dollars worth of Commercial Real Estate. Because of this, Bryan earned NAI gold club status his first year in the business. Bryan is currently working on earning both his CCIM designation and SIOR designation. Bryan has been NAI Keystone’s Top Performer from 2006 – 2010.
NAI Keystone is a full service commercial and industrial real estate firm located in Reading, Berks County.  NAI Keystone manages and handles approximately 4 Million square feet of commercial and industrial space in Berks and Schuylkill County.  NAI is the only firm in Berks County dedicated to strictly commercial real estate.  www.Bryan-Cole.com.

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

Press Release – New Listing Assignment in Wyomissing PA – Allon Building

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 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.