CENTRAL PA — NAI CIR completed the following transactions in Central PA:
The investment property consisting of six retail/office units and seven apartments located in 301-311 Bridge St. and 217 3rd St., have been sold to Badger Club, LLC. With the revitalization of neighboring properties in the heart of New Cumberland under way, this investment offers great potential. Daniel Alderman, of NAI CIR, represented the property owner in this transaction.
314 S. Progress Ave. in Harrisburg has been sold to Myhy Dieu Ho and Minh Quang Nguyen. The 1,850 s/f free-standing building sits on 0.37 acres and features 14 parking spaces. Alderman represented the seller, Own It Real Estate & Rentals, LLC, and David Alderman, of NAI CIR, represented the buyer.
103 W Main St. in the heart of Annville has been sold to Pho Bar & Grille, LLC. The 10,000 s/f space will be converted into a pho restaurant. Nik Sgagias, of NAI CIR, represented the seller, and Faraz Cheema, of Coldwell Banker Realty, represented the buyer.
The 6,688 s/f office building on 1.2 acres located at 3901 N. Front St. in Harrisburg has been sold to Freeburn Law. Nik Sgagias, of NAI CIR, represented the seller, Mid Penn Bank, and Chris Wilsbach, of NAI CIR, represented the buyer in the transaction.
The 6,000 s/f retail space located at 2771 Paxton St. in Harrisburg has been leased to 101 Distributers, LLC. Amber Corbo, of NAI CIR, represented the landlord, Mike Murphy Rentals, and Frank Messina, of JC Bar, represented the tenant.
The 9,700 s/f retail investment located at 5-15 S. Belmont St. in York has been sold to local investor, MOLT, LLC. The retail property consists of five suites for a multi-tenant redevelopment opportunity.
Corbo represented the seller and Sgagias represented the buyer in the transaction.
The 17.45 AC event venue, located on Laurel Rock Ln. in Mifflintown has been sold to Laurel Rock, LLC. Ryan Murray and Nik Sgagias, of NAI CIR, represented the seller and Mike Smith, of Jack Gaughen Network Services Hower and Associates, represented the buyer.
In other NAI CIR news, Broker of Record and president of NAI CIR, Robin Zellers, SIOR, FRICS, CRE, has been named Central Penn Business Journal’s Power 30 in Construction & Real Estate for the second year in row. This list recognizes the leaders who play a role in shaping the construction and real estate world in our communities. With more than 32 years of industry experience, Zellers differentiates himself among his peers as an SIOR, a Fellow of the Royal Institute of Chartered Surveyors (RICS) and a Counselor of Real Estate (CRE).
The Society of Industrial and Office Realtors (SIOR) designation represents excellence in the performance of real estate services and is universally recognized as the prerequisite in the selection of a commercial real estate broker, agent, or consultant.
The Royal Institute of Chartered Surveyors (RICS) is a professional organization that promotes and enforces the highest international standards in the valuation, management, and development of land, real estate, construction, and infrastructure. RICS Fellows are identified for professional achievements with an international measure of excellence.