Bethlehem, P.A. – Zimmel Associates, a renowned real estate brokerage firm, recently orchestrated a substantial lease transaction in Bethlehem, Pennsylvania.
The leased property, located at 2500 Emrick Boulevard, highlights Zimmel Associates’ commitment to securing advantageous solutions for their clients. Zimmel Associates has a longstanding relationship with J.G. Petrucci Co, Inc., considering them among the top owners in the region. This 120,000 square foot Class A industrial facility, constructed in 2017, features modern amenities and a strategic location, conveniently located near the Route 78 exit. The property’s proximity to commuter rail and transit networks enhances accessibility, offering a streamlined advantage for both the workforce and distribution channels.
This lease, coordinated by David Zimmel of Zimmel Associates, marked the relocation for their long standing client, Romeo and Layla, to this prime Bethlehem location. After a decade in Edison, Romeo and Layla faced the conclusion of their lease amid soaring rents.
Seeking alternatives, Zimmel Associates, having initially managed the Edison property lease, suggested Bethlehem as an ideal solution, especially because of the close proximity to a nearby building Romeo and Layla currently own. Zimmel had recently facilitated that sale which consisted of a 250,000 square foot building, where they occupied 75,000 square feet in Bethlehem. This new lease aligns seamlessly with their expansion objectives, positioning them for growth and success in their new location. Zimmel’s guidance resulted in Romeo and Layla securing a strategic long-term seven-year lease for a 70,000 square foot section of the Emrick Boulevard property.
Zimmel Associates was instrumental in bringing their long-term tenant, Romeo and Layla, to connect with Petrucci, a move that the Petrucci company greatly valued. The leased space within the Petrucci-owned property offers Romeo and Layla an optimal business environment, boasting 32-foot ceiling heights, 3,500 square feet of office space, and five tailboard loading docks, optimizing their operational capabilities.
“We’re thrilled to have facilitated this significant lease agreement, steering our client toward a prosperous future in a strategically advantageous location,” remarked David Zimmel, President at Zimmel Associates. “This move not only signifies a cost-effective solution for our client but also underscores our commitment to delivering tailored real estate solutions.”
ABOUT ZIMMEL ASSOCIATES
Zimmel Associates is a full service corporate real estate brokerage firm that provides knowledge-driven real estate leasing, sales, consulting and property management services. Clients include owners, tenants, investors and developers.
The firm is well known throughout New Jersey where they represent more than 5 million square feet of exclusive space. Zimmel Associates’ geographic scope also includes New York and Pennsylvania.
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