$3,400,000 In Transactions Completed By TDKCA
Philadelphia, PA, July 6, 2016– Thomas D. Kramer, President of TDK Commercial Advisors (“TDKCA”) announces that the firm has completed a number of transactions totaling over $3,400,000 on behalf of a national client base as well as several new key listings.
At 718 Arch Street, The Cast Iron Building, TDKCA represented the owner of the building AMC Delancey Group in leasing over 4,000 SF to two new tenants. In the first transaction WFGD leased nearly 2,000 SF for their new headquarters. WFGD is regional marketing and branding company and will occupy the space as of September 2016. In the second transaction TDKCA represented the Landlord in leasing 2,000 SF to Frontier BPM, a software company moving in to the city from Blue Bell, PA. Jim Savard of James E. Savard Real Estate Consulting represented the tenant in the long term transaction.
At the Gateway Business Center, Island and Batram Avenues, TDKCA represented Core Realty in two new leases. XTL, Inc. a regional logistic company leased 1,500 SF for a long term lease at 3751 Island Avenue. The tenant was represented by Colliers International. In the second transaction, CMC Engineering (“CMC”) leased 1,000 SF and will occupy the space August 1. TDKCA was the sole broker in the CMC transaction.
The landlord of 198 Allendale Road was represented by TDKCA in the completion of a lease with Cunningham Piano Company for nearly 6,000 SF. The retail location will be used to sell various types of pianos. The long term lease is valued at over $2,000,000.00. Thomas Kramer commented that “This transaction kicks off the revitalization of this well located asset, in the heart of King Of Prussia. Building renovations are well into the planning stage, and we are excited to welcome Cunningham Piano as our anchor retail tenant. Berhkshire Hathaway Home Services represented the tenant.
TDKCA also represented two long term clients with the acquisition of new office space. Console Law Offices was represented by TDKCA in cooperation with Sky Line Real Estate in a long term lease for 3,000 SF. Console will be relocating to 210 Marter Avenue in Moorestown, NJ. Financial terms of the lease were not released. In coordination with JLL, TDKCA also represented Mintzer Sarowtiz Zeris Ledva & Meyers in the acquisition of over 3,500 SF in Towson, MD. The firm will be relocating from the center of Towson to 810 Gleneagles Court, Towson, MD. Financial terms of the transactions were not released.
TDKCA is also pleased to announce that they have been named the exclusive sales and leasing agent for a number of properties. The firm is leasing and marketing 1 Winding Drive, the Monroe Executive Campus, in Philadelphia PA. The 71,000 SF property is well located just outside of Bala Cynwyd and minutes to the Schuylkill Expressway, PA Turnpike, and 676. Center City Philadelphia is only 10 minutes away.The property is undergoing a major renovation and is steadily leasing space. It is part of the Presidential City apartment complex which is undergoing a multi-million dollar renovation. TDKCA was also named the exclusive marketing agent for 1 Chelsea Parkway in Boothwyn PA. The flex property is owned by SJS Realty and has spaces from 3,000 SF to 14,000 SF. TDKCA has been appointed the exclusive marketing and leasing agent also for the new Protecs Innovation Centers. These properties consist of two locations. 5100 Campus Drive in Plymouth Meeting and 3700 Horizon Drive in King Of Prussia, PA. Both properties offer spaces from 1,500 SF and have office, lab, and R&D space. These are unique buildings in that they allow lab and office users to collaborate with each other, or lease standalone spaces. Thomas Kramer commented that “We are thrilled that the firm continues to gain steady market share, validating our unique leasing and marketing program that has allowed all of our properties to steadily increase occupancy rates”.
ABOUT TDK COMMERCIAL ADVISORS: TDK Commercial Advisors a full service commercial real estate firm whose mission is to be partners with our clients and to provide the energy, enthusiasm, market knowledge and technology required to create solutions for long term real estate
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If you would like more information about this topic, please contact Thomas Kramer at 215.292.5575 or email Tom@TDKCA.com.