ROCK facilitates two major transactions in South Central PA
YORK, PA — ROCK Commercial Real Estate, a prominent leader in South Central Pennsylvania, recently facilitated two significant transactions in the region.
In the first transaction, Goose Island Properties, LLC, successfully sold a fully air-conditioned, 41,288 s/f industrial facility located at 3495 Industrial Dr. in York to The Giambalvo Family Limited Partnership for $3,300,000. This versatile property, previously used for the manufacturing of robotic packaging machinery, presents ample opportunities for upgrades and expansion.
John Giambalvo of The Giambalvo Family Limited Partnership expressed his enthusiasm, stating, "The size and existing structure allow for an upgrade and expansion of our new collision center. The location is prime, just seconds from Route 30 and minutes from the other Jack Giambalvo dealerships."
Representing the buyer were ROCK Commercial Real Estate advisors, David Bode, CCIM, SIOR, and Nate Resh, while Jason Turnbull, CCIM, and Damian Reed, also of ROCK Commercial, represented the seller. Nate Resh emphasized the advantages of existing improvements on the property, noting that they can streamline the acquisition process for buyers and contractors by avoiding lengthy land development timelines.
In a separate transaction, ROCK Commercial announced that Cockeysville, MD-based Hunt Valley EuroCar expanded its presence by acquiring a second location at 1349-1355 South George St. in York. The newly acquired property, known as York EuroCar, is a 5,200 s/f commercial building purchased for $643,000. York EuroCar specializes in providing high-end European automobile car service, maintenance, and repair using highly skilled factory-trained technicians and the latest automotive diagnostic equipment.
Brendan O'Rourke, president of York EuroCar, commented on the expansion, saying, "We saw an opportunity to offer customized service for European cars in the growing York market."
Kevin Hodge, CCIM, brokerage advisor at ROCK Commercial Real Estate, represented York EuroCar in this strategic acquisition. Hodge emphasized the importance of finding a building adaptable for automotive repair and located in proximity to their target customer demographic.
These transactions underscore ROCK Commercial Real Estate's commitment to facilitating successful real estate deals and supporting businesses in South Central PA.