Lemoyne, PA (August 6, 2018) – Landmark Commercial Realty Inc. today announced that the property formerly occupied by Hewlett Packard at 225 Grandview Ave., Camp Hill, has been sold to Select Capital Commercial Properties Inc., a Lower Allen Township-based real estate investment company. Jason Grace, CCIM, SIOR, and SVP of Landmark Commercial Realty, negotiated the sale.
Select Capital Commercial Properties plans to redevelop the 215,000 square foot property into new Class A office space. The property is located near the new Geisinger Holy Spirit campus, about a half mile from the Camp Hill Bypass.
“This property could have easily been demolished to become a land disposition exercise,” Grace said. “But we had a qualified buyer with the needed foresight at the right time.”
The redevelopment project has already attracted interest from numerous prospective tenants.
“We expect five or six high-end office tenants will occupy the building at full-lease up,” Grace said. “We have already entertained several partial building proposals and have signed an anchor tenant for the project.”
Renovations have commenced and Landmark Commercial Realty Inc. will be marketing the project with the ability to sign leases with tenants as soon as early 2019.
“We anticipate the redeveloped property will be available for occupancy as early as the 3rd quarter of 2019,” Grace said.
Select Capital and Landmark have been working together for nearly two decades on projects throughout Central Pennsylvania. Select Capital has redeveloped and renovated several iconic office properties in the region. The company has also developed a Class A suburban office park at Executive Park West in Mechanicsburg that encompasses nearly 300,000 square feet. A park expansion of 200,000 square feet is currently in the engineering and design phase.
About Landmark Commercial Realty Inc.
Landmark Commercial Realty Inc., established in 1988, is a full-service commercial/industrial brokerage firm headquartered in Harrisburg, Pa. that focuses on the South Central Pennsylvania region. Landmark is a member of TCN Worldwide which serves more than 200 markets globally through more than 1,500 brokers and salespeople.
About TCN Worldwide
TCN Worldwide, a consortium of leading independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. Representing more than 200 markets collectively worldwide, TCN Worldwide member firms are leaders in their respective marketplace and serve as the foundation for our organization’s success. TCN Worldwide ranks as one of the largest service providers in the industry, consisting of more than 5,000 commercial real estate professionals in 160+ offices across 24 countries, and collectively representing more than $58.6 billion in annual transaction volume.