Investor demand drives NAI CIR’s latest Pennsylvania transactions

70-unit Clarion apartment community sale headlines five deals across Central/Western PA

PENNSYLVANIA — NAI CIR recently completed five transactions across Central and Western Pennsylvania involving multifamily, office, medical office, flex/industrial and commercial redevelopment properties.

In Clarion, the 70-unit apartment community at 990 E. Main St. was sold to Val De Vie Apartments LLC. The local investor added the property to its growing portfolio and will continue operating the community under new ownership.

Situated along East Main St. adjacent to PennWest Clarion University, the property provides access to downtown Clarion, regional roadways, employment, education, shopping and dining. Andrés Godoy represented the buyer.

In Harrisburg, a three-building multifamily portfolio at 902 N. 3rd St., 515 N. 2nd St. and 203 State St. was sold to TKO Rental Properties LLC for $1.6 million.

The portfolio includes 44 residential units with in-place rental income and convenient access to downtown Harrisburg and major transportation routes, including I-83 and I-81. Nik Sgagias and Amber Corbo represented the seller.

NAI CIR also arranged the sale of the 6,360 s/f, single-tenant net-leased medical office building at 235 Division St. in Harrisburg to local investor Mark A. White.

The property is leased to AEG Vision, a national healthcare company that supports local optometry practices. The long-term tenant will remain in occupancy under the new ownership. Alex Giannakopoulos represented the seller.

Also in Harrisburg, the 11,080 s/f flex/industrial property at 7701 Derry St. was sold to River Keys Realty Partners for $1.1 million. The buyer will occupy one of the suites for its business operations.

The property provides convenient access to Rte. 322 and I-83. Chris Wilsbach represented the seller.

In Enola, the two-building office complex at 123–125 N. Enola Dr. was sold to ADP Realty & Property Management LLC. The Lower Allen Township-based investment firm acquired the 42,360 s/f property as an investment.

The complex is located minutes from Routes 11/15 and I-81. Daniel J. Alderman and David Alderman represented the seller.

NAI CIR, with offices in Lemoyne and Carlisle, is Central PA’s oldest and largest exclusively commercial and industrial real estate full-service brokerage firm. Founded in 1970, the firm is consistently recognized as a leading commercial and industrial sales and leasing firm, honored as a Philadelphia Region CoStar Power Broker for 25 years.

NAI CIR is the Central PA representative of NAI Global, an international organization of real estate professionals with connections across the world.