Jonathan Epstein Earns Prestigious CCIM Designation

Allentown, PA, Jonathan Epstein has been awarded the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The designation was awarded during the Institute business meeting in Newport Beach, California.

The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying industry experience. Less than one percent of commercial real estate professionals in the world hold the CCIM designation. Mr. Epstein earned the designation by passing the Institute’s
Comprehensive Examination, the final element in the designation process.

The CCIM institute’s education program is the most comprehensive educational resource in commercial investment real estate. The graduate-level curriculum addresses the cornerstones of commercial investment real estate including financial analysis, market analysis, user decision analysis and investment analysis.

CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. The Chicago-based CCIM Institute is an affiliate of the National Association of Realtors® and is the governing body of the largest commercial real estate network in the world.

Berger-Epstein Associates, Inc., a real estate development company headquartered in Allentown, Pennsylvania, has been specializing in commercial and industrial development, investment, brokerage and management since 1984. For more information, call (610) 437-7070 or visit their website at www.berger-epstein.com.

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Berger-Epstein Associates, Inc. Completes
Recent Transactions Totaling 35,800+s/f

Allentown, PA, Berger-Epstein Associates, Inc. of Allentown, Pennsylvania recently completed transactions totaling over 35,800 square feet says William Berger, co-owner and Vice President of the real estate development company.

In Allentown, PA, at 3900 Hamilton Center, a mixed-use upscale Lifestyle Center, located at the intersection of Route 222 and I-78/Route 309, Berger-Epstein leased 1,200 s/f to Amazon Cafe, known for their natural fruit smoothies, healthy wraps, salads, soups and fresh-squeezed juices. Berger-Epstein brokered the deal with Melanie Stocker of Legend Properties. Amazon joins an existing upscale tenant lineup including Talbots, Talbots Petites, Chico’s, Robbins Diamonds, Swartz Kitchen & Bath Showroom, Sovereign Bank and other local tenants.

In Allentown, PA, Berger-Epstein leased 1036 North Godfrey Street, a 9,000 s/f single-tenant facility to the Eastern PA chapter of the Associated Builders and Contractors (ABC) for their educational and operations facility. ABC is recognized as one of the leading organizations representing America’s construction industry and business community.

In Bethlehem Township, PA, Berger-Epstein leased over 25,600 s/f at 2700 – 2800 Emrick Boulevard, two upscale flex/office buildings located on the Route 33 corridor between Route 22 and I-78 in the Lehigh Valley Industrial Park VI. The leasing activity there includes 4,100 s/f to NTH Consultants, LTD of Farmington Hills, Michigan: a multi-regional civil engineering firm; 4,100 s/f to Neuromonics, Inc., the US Headquarters for an Australian medical device company (Berger-Epstein brokered the deal with Shawn Donahue of Sperry Van Ness | Imperial Realty); 4,100 s/f to Agilent Technologies of Santa Clara, California for specialty electronics device calibration and testing (Berger-Epstein brokered the deal with Bill Ray of USI / Johnson Controls); 4,100 s/f to Macherey-Nagel, Inc., the US Sales and Marketing office of a German-based medical filtration and bioanalysis company; and 8,616 s/f to Family Tree Karate, a full service gym and karate studio.

Other notable transactions from 2006 include the disposition of the Perkasie Square Shopping Center in Perkasie, PA; the disposition of the K-Mart Plaza in Ephrata, PA; and a lease for Robbins Diamonds at 3900 Hamilton Center in Allentown, PA.

Berger-Epstein Associates, Inc., a real estate development company headquartered in Allentown, Pennsylvania, has been specializing in commercial and industrial development, investment, brokerage and management since 1984. For more information, call (610) 437-7070 or visit their website at www.berger-epstein.com.

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Berger-Epstein Associates, Inc. Sells Shopping Centers for $21.3M

Allentown, PA, Berger-Epstein Associates, Inc. recently completed two sale transactions selling both Perkasie Square in Perkasie and the K-Mart Plaza in Ephrata, both in Pennsylvania.

Perkasie Square is a 90,000 square foot Shopping Center in Perkasie, Pennsylvania anchored by Landis Markets, Eckerd Drug, McDonald's, Blockbuster Video, Pennsylvania Wine & Spirits, Univest National Bank and included an undeveloped 7-acre parcel adjacent to the center for future development. At the time of the sale, the center was 100% occupied.

"This was an off-market transaction," says William Berger, a Principal of Berger-Epstein Associates, Inc., "we were approached by a New York investor who was very serious about buying." Berger-Epstein Associates, Inc. developed the 15-acre shopping center in 1992 and has continually managed and leased the property.

The buyer was represented by Cohen and Company, Inc. Real Estate, a New-York Based investment sales brokerage firm. Berger-Epstein Associates, Inc. represented the sellers.

Berger-Epstein also sold the K-Mart Plaza at State Street (US 272) and Rothsville Road in Ephrata, which includes a "Big-K" K-Mart, Fulton Bank and a 1.375 acre undeveloped parcel. The buyer was Fort Roc Realty, LLC of New York and was represented by Ron Cappello of Fameco Real Estate, LP of Plymouth Meeting. Berger-Epstein Associates, Inc. represented the sellers.

Berger-Epstein Associates, Inc., a real estate development company headquartered in Allentown, Pennsylvania, has been specializing in commercial and industrial development, investment, brokerage and management since 1984. For more information, call (610) 437-7070 or visit their website: www.berger-epstein.com.

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Previous News Releases (each links to a PDF of the entire release) 2008 (April) Jonathan Epstein Earns Prestigious CCIM Designation 2006 (December) Berger-Epstein Associates, Inc. Completes Recent Transactions Totaling 35,800+ s/f 2006 (April) Berger-Epstein Associates, Inc. Sells Shopping Centers for $21.3M 2006 (April) Berger-Epstein Associates, Inc. Completes 21,000s/f Lease to Air Products Healthcare 2005 (November) Northeast Real Esate Business Journal Snapshot: Retail in the Lehigh Valley, Pennsylvania by Jeff Epstein 2005 (October) Berger-Epstein Associates, Inc. Completes Lease to Robbins Diamonds 2005 (August) Berger-Epstein Associates, Inc. Sells The Capri: 535 Hamilton Street 2005 (December) Berger-Epstein Associates, Inc. Completes Recent Transactions Totaling 130,000+ s/f