February 2016
FLEX INDUSTRIAL AVAILABILITIES Oil Volatility and the Economy
Philadelphia International Airport: Arrival Pavilion Photo by Nick Adams
Interest Rates and the Effect on Commercial Real Estate Rising interest rates pose the biggest concern to commercial real estate enthusiasts in 2016. Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could derail growth and compel the Fed to slow the pace of future interest rate hikes. In her semiannual report to Congress, she noted the widening fallout from concerns over China's weaker currency and economic outlook, which is rattling financial markets around the world. While the Fed expects to raise interest rates gradually, they are not on any preset course, she said. The Fed would likely move slower if the economy were to disappoint.
The boon that US consumers are enjoying thanks to lower prices at the gas pump may come at the cost of the broader economy. The supply glut and downward price pressure could potentially worsen as Iran ramps up production and the US exhausts storage capacity. These trends have ruffled global financial markets while raising questions of how deeply energy sector woes will affect other segments of the reasonably strong US economy. Within the energy sector, declining activity in the oil fields will potentially reduce demand in the coming months for warehouse space used for the storage and distribution of drilling equipment and supplies. Yet some experts are confident that retailers and e-commerce tenants are capable of picking up the slack in logistics demand and the need for larger blocks of warehouse space.
Nick Adams 610-265-7700 ext 130 nadams@jacksoncross.com
Recent Transactions by Nick Adams ■ ■ ■ ■ ■ ■ ■ ■
SOLD SOLD SOLD SOLD LEASED LEASED LEASED LEASED
805 W 5th Street, Lansdale: 63,000 SF Clemens Uniform 601 Montgomery Ave, Pennsburg: 55,2000 SF Bless Precision Blvd of the Generals, West Norriton: 61,500 SF Bio Arra 171 Ruth Rd, Harleysville: 6,500 SF BEC Machine 805 W 5th Street, Lansdale: 8,000 SF Sure-Pak 805 W 5th Street, Lansdale: 2,000 SF Huff & Lakjer 18 S 5th Street, Quakertown: 18,000 SF Sellersville Auction 506 Stump Rd, Montgomeryville: 4,500 SF Keystone Fellowship
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE SOLD
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171 Ruth Road, Harleysville, PA Flex Industrial Condo
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FOR SALE
6,500 SF condo - clean production grade facility 5,000 SF production/warehouse and 1,500 SF office on the 2nd floor Fully sprinklered 1,000 Amp 3 Phase power Zoned Industrial in Lower Salford Township, Montgomery County 3 miles to the Lansdale Interchange of I-476 Ceiling height 18'-20'. 12' by 12' drive in / loading door
357 Industrial Highway, Pottstown, PA
Flex Industrial Facility
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23,500 SF standalone building Production and office space 1.5 Acres Zoned Flex Office All public utilities 25 parking spaces Minutes to Route 422
Property Flyer
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FOR SALE SOLD
458 Pike Road, Huntingdon Valley, PA
Lower Southampton Twp. Flex / Office Facility Investor or Owner
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42,830 SF Base Office / Production space 21,690 SF Mezzanine Office / Storage space 13,000 SF Base Office / Production space Block/steel construction, rubber membrane roof Fully wired CAT 5 / cable / Server room Sprinklered Public water and sewer 2 acre lot / 100 + parking Three (3) loading docks
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE
Quakertown, PA Off Exit 44 of I-476
2 Sites Left Planned Industrial Development Sites At the Quakertown Interchange ■ ■
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Lot #1 - 33 Acres Lot #4 - 9.5 Acres
BTS from 100,000 to 250,000 SF Zoned PI - Planned Industrial Public water & sewer PPL Electric Lot #2 - Under agreement Lot #3 - Sold
Property Flyer #1 Property Flyer #4
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FOR SALE
E. Pumping Station Road, Bucks County PA
Build to Suit Sale or Lease In Quakertown
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20,000 SF to 150,000 SF Build to Suit Custom Design Build Sprinklered facility Specialty uses: Food, Beverage, Pharmaceutical, Assembly, Manufacturing, Distribution
Property Flyer
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FOR SALE
Mont Clare
Phoenixville
Providence Business Park at Egypt Rd.
Flex Office / Industrial Great access to Route 422
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Available 8 to 55 Acres Zoned M-1: Office and Limited Industrial 60,000 SF to 150,000 SF Build to Suit Sale / Lease All Public Utilities Minutes to Routes 422, 202 ,76 and 276
Property Flyer
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE
205 Schoolhouse Road, Souderton, PA
Industrial Land +/- 23 acres Many amenities close by: restaurants, retail, banking and hotels
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Three land parcels: 6, 7 & 10 acre sites Zoned Limited Industrial in Franconia Twp. Within 5 miles of the Lansdale Interchange of the PA Turnpike - Exit 31 - 476 Northeast Ext. Minutes to Route 63, 113 and 309
Property Flyer
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FOR SALE
210 Industrial Park Road, Elysburg, PA
Warehouse Distribution Facility
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264,000 SF Warehouse / Distribution facility
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7,680 SF of office space
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Convenient access to: Interstate 80 - 81 - 78
Property Flyer
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FOR SALE
103 S Main Street, Quakertown PA
Quakertown Landmark
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Mont Clare
■ Phoenixville
Property Flyer
Classic three story brick building 24,000 SF / +/- 8,000 SF each floor Zoned MR - Medium Density Residential* Great street visibility with many amenities close by: restaurants, banks, St. Luke’s Hospital and Quakertown Asking $650,000 *The property has a non-conforming zoning use of light industrial. Permitted uses include light manufacturing and residential.
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR LEASE
777 Schwab Road, Hatfield, PA Flex Air Conditioned Space
Property Flyer
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FOR LEASE
16,500 SF fully air conditioned space 3 phase power / 600 amps 3 tailgate loading docks 20’ clear height PPL Electric / PECO Gas North Penn Water / Hatfield Sewer 6 miles to the Lansdale Interchange of the NE Extension $9.00 SF / NNN
18 S Fifth Street, Quakertown, PA
LEASED Best Made Center Office / Medical / Tech
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FOR LEASE
+/- 18,000 SF of Office / Medical / Tech Space Suite #200 - 10,421 SF & Suite #300 - 7,610 SF Ground level private entrance to each suite New “Build-Out” to your specifications Parking 100+ spaces / 3 per 1,000 SF Zoned TC - Town Center Walk 1 block to downtown Quakertown: Restaurants, banks, and retail shops
506 Stump Road, Montgomeryville, PA
LEASED Premier Location
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+/- 4,000 SF office available Private office and conference room Direct access to Route 309 & minutes from the PA Turnpike Ample parking Situated in premier location: Montgomeryville Industrial Park
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
Locations
FOR SALE 1. 171 Ruth Road, Harleysville, PA (sold) 2. 357 Industrial Highway, Pottstown, PA* 3. 458 Pike Road Huntingdon, Valley PA (sold) 4. Quakertown, PA Off Exit 44 of I-476* Property Flyer #1 / Property Flyer #4 5. E. Pumping Station Road, Bucks County PA* 6. Providence Business Park at Egypt Road* 7. 205 Schoolhouse Road, Souderton, PA* 8. 210 Industrial Park Rd., Elysburg, PA* 9. 103 S. Main Street, Quakertown, PA* FOR LEASE 1. 777 Schwab Road, Hatfield, PA* 2. 18 S Fifth Street, Quakertown, PA (leased) 3. 506 Stump Road, Montgomeryville, PA (leased)
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.