Dhaliwhal Property LLC of Forks Township has purchased a Hilton Street warehouse property and a four-acre lot across the street to expand the operations of Sunshine trucking, which is owned by Jay Singh.
Singh is an Indian immigrant and Sikh who has lived in the Easton area since 2008.
Joe McDermott of Hanna Frederick Commercial Real Estate represented the buyer and Amy Hawley of SVN Imperial Realty represented the sellers in the $5.45 million deal.
Singh purchased the property to expand his trucking company operations.
“Trucking is very hard work,” Singh said. “I am getting older and I am looking for new opportunities to provide for my family and support my community. This building accomplishes those goals.”
Penn Community Bank of Allentown provided the financing.
A townhouse development is slated for West Easton Borough. (Submitted) –
SVN Imperial Realty of South Whitehall Township recently handled a land sale that will become a 36-parcel townhouse development project in West Easton Borough, according to a news release.
The project, at 50 Ninth St. near the corner of Jefferon and Palmer streets, was approved for 32 townhouses and two duplexes and would be called Laurel Hills.
Steve Wilson of SVN Imperial Realty represented the seller, Peter J. Rossi in the transaction. Meanwhile, Keith Cooper from Paradigm Properties Group Inc. of Centre County represented the buyer, a small family-owned company from the State College area.
The development offers residents views of Hugh Moore Park and the Lehigh River.
Grace Church Bethlehem will build a new church at this location in Bethlehem Township. (Submitted) –
A Presbyterian church bought land in Bethlehem Township for $2.2 million for use as its new home.
Grace Church Bethlehem bought the 24.32-acre property at 4301 Hecktown Road from the Order of the Barnabite Fathers Inc., a Catholic organization, according to Northampton County property transaction records.
Cindy Miller and Tom Skeans of SVN Imperial Realty in South Whitehall Township represented the buyer in the transaction, according to a news release. David Fretz of Berkshire Hathaway HomeServices Fox & Roach of Lower Macungie Township represented the seller.
SVN Imperial Realty worked with Grace Church since August 2018 on the acquisition, said Skeans.
The team from SVN Imperial Realty created a full market assessment for the church’s architect and marketing team.
Right now, Grace Church Bethlehem is planning its vision for the property.
“We are thrilled to have found a wonderful new location for our vibrant and growing church,” said Marnie Crumpler, senior pastor of Grace Church Bethlehem. “We are grateful for the years of ministry that the Barnabite Fathers had on the property and see ourselves continuing our ministry. We look forward to being a part of the community and love that our church will be in one of the fastest growing parts of the Valley.”
The church is in its planning process, including determining its current and future needs, getting to know its neighbors, and capital fundraising, Crumpler said.
Grace Church Bethlehem currently worships at Bethlehem Catholic High School, she added.
The church has 1,800 adult members, and is looking forward to having its own campus, she said.
“We will begin construction next year,” Crumpler said.
The work would involve demolition of the Barnabite Retreat Center so Grace Church can build a new church, she added.
Site work begins on a 15-acre commercial/retail subdivision in Upper Saucon Township. (Submitted) –
A group of local investors is developing a retail center project off Route 378 and Center Valley Parkway in Upper Saucon Township.
The project includes construction of a 15-acre commercial/retail subdivision, said Tom Skeans, managing director of SVN Imperial Realty of South Whitehall Township.
Skeans is marketing the retail sites of the property.
Workers have begun highway improvements and site work for the development, which sits at the intersection of Route 378 and Center Valley Parkway, a short distance from the Promenade Shops at Saucon Valley.
The new commercial/retail development, called The Shoppes at Old Saucon, would include stand-alone retail buildings for lease. Sizes would be between 5,000 square feet and 20,000 square feet, according to a marketing brochure.
“Right now we are looking for retail users to do land leases,” Skeans said. “We’ve gotten a lot of interest in smaller spaces but we’ve got to get the anchors.”
Potential tenants could be a grocery store, coffee shop, restaurant and soft goods retailer, he added.
He expects to name some tenants by the first quarter of next year, with sites available in the third quarter of 2020.
Back in 2011, Upper Saucon Township officials approved a plan for Old Saucon, a 55 and older housing development for that site.
The township approved that development as an age-restricted community that would include 33 homes for phase one, said Thomas Beil, township manager. Construction is underway for that portion, he said.
The township has not approved the second phase, which would include the commercial/retail uses and additional residential, Beil said.
Zoning is in place to allow retail development, and additional residential uses, but the owners have not come forward to the township with a plan, Beil said.
This historic office building at 800 Main St. in Stroudsburg sold for $372,000. (Submitted) –
The new owner of a historic, vacant office property in downtown Stroudsburg plans to keep the historic features of the building and occupy it with professional office tenants.
Lamplighter Associates of Cresco sold the building to HFICO LLC for $372,000, said Steve Wilson, associate adviser of SVN Imperial Realty in South Whitehall Township. Wilson represented the seller in the transaction. Rick Golden, a broker of USA Realty in East Stroudsburg represented the buyer.
The 4,800-square-foot office building is at 800 Main St. in downtown Stroudsburg and within a designated Qualified Opportunity Zone, which would benefit the owner, Wilson said.
The federal government enacted the opportunity zone program in 2017 under the Tax Cuts and Jobs Act to encourage investment in distressed urban areas beyond city centers. Last year, Gov. Tom Wolf named several tracts throughout the state, including Stroudsburg.
The program gives investors breaks on federal capital gains taxes in exchange for investment in funds that support small businesses and housing projects in low-income areas.
Investors can avoid federal taxable capital gains on investments in those areas if they retain ownership of a project for at least a decade.
Michael Herzig, the new owner, did not immediately return requests for comment.
Wilson said the property is a typical old Victorian residence the previous owner converted to office space, with much of the interior historical features retained.
“It’s very much in keeping with other renovated properties in the borough,” Wilson said.
Magnetic Windings, a longtime manufacturer that once employed hundreds of workers, sold its facility in Palmer Township for $3.4 million.
The former Magnetic Windings manufacturing facility in Palmer Township recently sold for $3.4 million. (Submitted) –
In preparation for its new use, the manufacturing company’s remaining employees are cleaning out the building as the new owner is planning to transform the site into a shipping supply store for consumers.
Amy Hawley, a broker with SVN Imperial Realty of South Whitehall Township, represented AMERCO Real Estate Co., the real estate division of U-Haul International, in its purchase of the property at 2711 Freemansburg Ave. near Easton. The sale includes the 87,000-square-foot industrial facility and the nearly five-acre tract of land where the facility sits.
The new owner is trying to repurpose the property as a retail supplies and moving store that would offer packing supplies for consumers, Hawley said.
The Magnetic Windings building included Records Management & Archiving, a separate business that stored records on site, but that business was sold, she added.
In addition, the building contains Easton Self-Storage, a separate business that will remain on site when U-Haul takes it over.
Essex Wire built the Freemansburg Avenue building in 1947, said Coleen J. Gordon, president of Magnetic Windings. Essex Wire leased the building to Magnetic Windings and then, in 1981, Albert Marron, owner, CEO and chairman of Magnetic Windings, bought the building from Essex Wire, she said.
Marron passed away earlier this year, which is why Magnetic Windings had to start liquidating the company, she said. The business officially closed in July.
Magnetic Windings, which manufactured power transformers, had been in business for 90 years, Gordon said.
Right now, the company only has six employees but at one time, employed as many as 400 people, she said.
The company used to make many transformers and inductors for the aerospace and defense industry. Over the years, it served such clients as Lockheed Martin, Westinghouse, BAE Systems, and Universal Audio at many different locations, she added.
“For us, it was kind of an expertise that we learned,” Gordon said. “It’s a sad way of saying goodbye to a good company. It’s a sad end to a hopeful beginning.”
With only a few employees left to finish cleaning out the site, Gordon said she plans to retire after working for the company for 46 years. Luckily, another employer, a former client, stepped in to make offers to the remaining employees.
“BAE Systems hired our employees right from here as soon as we were going to lay them off,” she said.
Based in Fort Wayne, Indiana, BAE Systems has a small facility in New Jersey, where it has employed some of the former Magnetic Windings employees.
In a statement, U-Haul spokesperson Andrea Batchelor said the company cannot provide specifics in terms of hiring at this point, since it is in the beginning stages of development.
The former Magnetic Windings building housed Easton Self-Storage so U-Haul will be continuing those operations and adding additional indoor climate-controlled self-storage units with high-tech security features at affordable price points, she said.
“There’s a need for self-storage in this area and we are eager to provide a state-of-the-art service to our neighbors,” Batchelor said. “U-Haul supports infill developments to help local communities lower its carbon footprint. The adaptive reuse of existing buildings reduces the amount of energy and resources required for new building materials and helps cities reduce their unwanted inventory of unused buildings.”
Built in the 1940s, the former Magnetic Windings building is full of history and character, she added. The company is looking forward to reusing this structure while making sure less carbon emissions are being put in the air, she added.
In addition to this sale, Hawley also represented AMERCO in its $1.3 million purchase of a 5.3-acre tract at the corner of Spring Creek and Trexlertown Roads in Lower Macungie Township.
At the time, Hawley was a broker with Markward Group in Upper Macungie Township.
AMERCO plans to build a self-storage facility at that site, she said.
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