The site is located at W. Robeson and Weiser Streets, adjacent to Carpenter’s East Shore property. The vast majority of the property is land. There are four existing buildings on the site with overall square footage exceeding 355,000 square feet. The two largest buildings are 174,311 sq. ft and 122,914 sq. ft. The remaining land (approximately 40 acres) provides opportunity for future growth. As Carpenter prepares to develop the property, much emphasis will be placed on improved plant flow and continued investment in current capabilities.

Today’s announcement reinforces Carpenter’s ongoing commitment to the City of Reading and Reading manufacturing operations. Current Reading-based investment projects total approximately $125 million.

Source: Carpenter Technology/Market Watch

For More Information about industrial real estate in Reading visit www.Bryan-Cole.com

Information Presented by:

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

- Bryan E. Cole
NAI Keystone Commercial and Industrial
www.Bryan-Cole.com
Bcole@naikeystone.com

NAI Keystone is a full service commercial and industrial real estate firm located in Reading PA; representing buyer, tenant, and landlord representation throughout Pennsylvania.

The lot contains a surface parking lot for approximately 100 cars and is 3 +/- acres. There are currently two suites available in the center, a 1,685 sf suite and a 6,000 sf suite.

The building(s) contain 8 total units, all of which are separately metered and contain front and rear access. Water and Sewer are public and served via Ontelaunee Township.

Please note: This property could be purchased as a single asset or part of a 3-4 property portfolio. The main portfolio consist of a 21,000 sf. Flex Building, 20,250 sf. Office/Retail Center, and a 5.13 acre lot fronting Rt. 61 which could be divided for various users.

The property is located at the interchange of Rt. 222 and Rt. 61. The site has access from huller lane which is a lighted intersection just off the main bypass.

The site is situated in Ontelaunee Township; which is 7 minutes North of Reading, 5 Minutes NE of Muhlenberg and 5 Minutes West of Wyomissing.

The area consists of a mixture of light industrial, storage units, small office, and educational learning centers.

OM – Cross Keys Office & Retail Facility.pdf

For additional information please visit 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

The site contains a 2.71 acre lot with fenced parking in the rear of Building 2. There is a 4,800 sf. suite currently for lease along with a suite that is contiguous currently occupied by the landlord allowing the total potential available space at 6,300 sf. The building(s) contain 12 total units, all of which are separately metered and contain front and rear access along with 16′ ceilings and an overhead door.. Water and Sewer are public and served via Ontelaunee Township.

Please note: This property could be purchased as a single asset or part of a 3-4 property portfolio. The main portfolio consist of a 21,000 sf. Flex Building, 20,250 sf. Office/Retail Center, and a 5.13 acre lot fronting Rt. 61 which could be divided for various users.

The property is located at the interchange of Rt. 222 and Rt. 61. The site has access from huller lane which is a lighted intersection just off the main bypass. The site is situated in Ontelaunee Township; which is 7 minutes North of Reading, 5 Minutes NE of Muhlenberg and 5 Minutes West of Wyomissing. The area consists of a mixture of light industrial, storage units, small office, and educational learning centers.

OM – Cross Keys Flex Facility.pdf

For additional information please visit 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

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 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

Many contracts provide for a rental rate on a dollar per square foot basis. The basis may be rentable, gross, or usable and there are a number of alternative space measurement standards. In these cases, the rent is multiplied by the area of the demised premises so an incorrect rental rate can lead to a discrepancy between what is actually being rented and the amount of the rent.

It is not good practice to accept the landlord’s measurements.  There may be errors in the measurement or the basis for the measurement may not be the basis of your rental contract.

In summary, it is appropriate to have the space re-measured in the field and then applied to the rental rate. Rental rates using usable space (typically the carpeted area) are the most appropriate since one only pays for what is being utilized. Note that incorrect space measurements also affect pass through items so an incorrect measurement or application of the measure can have secondary effects
as well.

Article by NAI Global

Call a Tenant Representation Broker; they can assist in the process.

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

The property was a 25,000 sf. Flex facility situated on 3 +/- acres located in the Reading industrial park.  The property which is adjacent to Sweet Streets operation and is currently occupied by Wesco a Pittsburgh based supply company.

For more information about this sale and/or the particulars please contact Bryan Cole of NAI Keystone.

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

Between 2002 and 2007, real estate investors and developers built tremendous wealth and preserved significant equity by using tax-deferred exchanges under Section 1031 of the IRS Code.  During the economic downturn, exchanges were used less frequently for preserving equity from the appreciation of real estate—mainly due to offsetting losses from other transactions or a general erosion of equity altogether.  More often, over the past few years taxpayers used exchanges as strategy for deferring potential tax liability from short sales and foreclosures.

However, taxpayers are again relying on exchanges now that some real estate assets are selling at a gain.

Exchange Trends

In August 2010, the volume of exchange transactions began to increase significantly.  This trend started with developers and investors selling singular assets and asset portfolios to large REITS and private equity funds that were looking to purchase assets with cash. Class A and B multifamily assets and single-tenant NNN assets were their typical targets.  These purchases fueled the start of new construction exchanges by many of the selling developers, especially in the single-tenant NNN industry.

The exchange trend has spread to larger, more institutional assets in the office and retail sectors.  Grocery-anchored retail centers have also been at the center of exchange activity.  The common underlying characteristic of the assets being sold in these exchanges has been the stability of the asset, often stemming from strong credit tenants.

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

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.

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

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.

NAI Keystone Commercial & Industrial’s Steve Willems & Bryan Cole completed the 220,875 SF long-term industrial lease transaction at Premium Business Center, 171 Tuckerton Rd., Reading, PA
in September 2010.

The leased facility is expected to create fifty new, full-time jobs within three years of opening.  Commenting on the investment, Thomas A. Hassfurther, Executive Vice President, said, “Our decision to expand in Southeastern Pennsylvania is a testament to the dedicated employees of the region. Our investment in additional corrugated products capacity was driven by customer demand.  Expanding our network of plants in this region reinforces our commitment to continue providing outstanding quality and superior service to our customers.”

PCA has worked in conjunction with the Governor’s Action Team, the Pennsylvania Department of Community and Economic Development, and the Berks Economic Partnership, and the leadership at Muhlenberg Township on this project and looks forward to a continued partnership with the Community and the Commonwealth.  PCA is the fifth largest producer of containerboard and corrugated packaging products in the United States with sales of $2.44 billion in 2010. PCA operates four paper mills and 68 corrugated product plants in 26 states across the country.

The PremiumBusinessCenter,owned and managed by The Endurance Group & Brasler Properties, is now fully leased.

NAI Keystone Commercial & Industrial, which maintains a prominent market share in Berks and Schuylkill Counties, Pennsylvania, specializes exclusively in commercial and industrial properties.

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

Bryan E. Cole | Senior Associate
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.