Here’s what $10 million could’ve bought you this year: Biggest real estate transactions in Dauphin County
Today we’re taking a look at all of Dauphin County’s real estate transactions that were reported to have totaled at least $ 5 million according to county records. This included medical facilities, residential complexes, office complexes, a school and two properties.
There have been 10 real estate transactions in Dauphin County that hit the $ 10 million mark and above in 2019, compared to just four this year.
Of these four real estate transactions, one was over $ 30 million and two were over $ 20 million.
The largest transactions took place in only six parishes in Dauphin County: Swatara Township, Derry Township and Lower Paxton Township, Susquehanna Township, Harrisburg and Londonderry Township.
Seven of the transactions took place prior to the COVID-19 pandemic, and none in particular in April, May and June when the state shutdown halted property sales.
Here are the top 12 real estate transactions in Dauphin County in the first half of 2020, according to Dauphin County’s real estate records:
12. Lancaster Mennonite School Hershey / St Joan of Arc School – $ 5,000,000
On January 24, the Lancaster Mennonite School on the Hershey campus sold its school building at 1521 Sand Hill Road in Derry Township for $ 5,000,000 to the Saint Joan of Arc Foundation, Diocese of Harrisburg. St. Jeanne d’Arc School on Areba Avenue in Derry Township is planning to move to the 110,000-square-foot building located on a 36-acre campus on Sand Hill Road.
Lancaster Mennonite, which had five locations, decided last year to close its Hershey campus due to declining enrollments. After the completion of the third floor in the new school building, two science laboratories and a maker room will be created, in which the students will have the opportunity to work with robotics.
After finishing school, classes from preschool to first grade are on the first floor, second to fifth grades are on the second floor, and middle school is on the third floor. The new building also has a huge gym, eight soccer fields, and basketball and volleyball courts. The school plans to build a new 500-seat sanctuary on the third floor of the building that will be used by students. The parish also plans to use the chapel for a second church of the Catholic Church of St. Jeanne d’Arc.
11. 2090 N. Union Road – $ 5,050,000
The property at 2090 N. Union Road in Swatara Township, which has been classified as quarry / mineral land by the county, was sold on February 24th. Mann Realty Associates sold it to Byler Holdings for $ 5,050,000. The property was bought at a public auction.
10. 1135 E. Chocolate Ave. – $ 5,375,000
On January 10, Indiju investors in Derry Township, represented by Barry Moss and Krupal Desai, sold the office building at 1135 E. Chocolate Ave in Derry Township to Milton 1135 East Chocolate Avenue LLC, which is affiliated with Leeton Real Estate Inc. in Tarrytown, New York for $ 5,375,000.
9. UPMC Pinnacle Chambers Hill Basic Service – US $ 5,394,000
On January 22, 2020, Chambers Hill PH LLC of Wormleysburg, represented by Dennis Schmidt, sold the property at 5400 Chambers Hill Road, Swatara Township, for US $ 5,394,000 to UPHBGPA02 LLC, a company with an address in Rhode Island.
8,915 E. Harrisburg Pike – $ 6,081,410
On December 1, Tuck A Way II LLC / George Desmond sold the farmland and buildings at 915 E. Harrisburg Pike, Londonderry Township for $ 6,081,410 to Core5 Industrial Partners of Atlanta. Core5 is marketing the property for two large warehouses, which are expected to be available in the fourth quarter of 2021.
7. Apartments on Middletown Road, Derry Township – $ 6,700,000
On August 3, Long View Ventures in North Londonderry, Lebanon County, purchased the Middletown Road apartments from Derry Township-based TJD Family LLC / Thomas Dedonatis in Derry for $ 6,700,000.
6. PinnacleHealth Facility – $ 7,812,000.
On January 22, Sir Thomas PH LP of Wormleysburg, represented by Dennis Schmidt, sold the medical office building at 805 Sir Thomas Court, Lower Paxton Township, for $ 7,812,000 to ARHC UPHBGPA01 LLC1, a Rhode Island company. The building houses the PinnacleHealth Familycare Union Deposit, the Pinnacle Health Internal Medicine Union Deposit, and the PinnacleHealth Medical Group, the Union Deposit.
5. Aldi / FedEx building – $ 8,100,000
The property, which houses an Aldi grocery store and FedEx Office Print & Ship Center at 4702 Jonestown Road in Lower Paxton Township, was sold for $ 8.1 million on September 9th. Kahn Joint Venture LLP acquired the property, according to CBRE, a commercial real estate company that was involved in negotiating the real estate transaction. Williams Development Partners is a sister company of AP Williams in Susquehanna Township.
The 22,716 square meter property was built in 1987 and completely renovated in 2018. Aldi still has more than 14 years of lease, while FedEx recently signed a new 10-year lease, according to CBRE. The property was previously an NB Liebman furniture store. The FedEx store was moving from a nearby room at 4800 Jonestown Road. Aldi opened on August 30, 2018 on the site of the former furniture store.
4. Olde Liberty Square – $ 14,600,000
On March 6th, OLS Partners, a subsidiary of L&D Properties Ltd. in Lower Paxton Township, the Olde Liberty Square office complex at 4807, 4811, 4813, 4815 Jonestown Road in Lower Paxton Township to Room One Corporation in Derry Township for USD 14,600,000.
3. Olcam Building – $ 20,500.00
On July 24, Olcam Corporation / Peggy Grove sold the office complex at 1171 S. Cameron St. in Harrisburg for US $ 20,500,000 to Harrisburg PA III SGF LLC / Hugh Nisbet of Boyd Watterson Asset Management of Chicago, Illinois. The building is currently inhabited by three Pennsylvania state agencies: Bureau of Disability, Bureau of Workman’s Compensation and State Workers’ Insurance Fund, according to CBRE, who represented the seller on the transaction.
Olcam Corporation had invested more than $ 700,000 in capital improvements over the past five years, including a new boiler, heat pump, and cosmetic updates. The 31-year-old property sits on 3.72 acres with 314 parking spaces and an additional 82 parking spaces at 1000 S. Cameron St., CBRE said. The parking lot was included in the offer.
2. Chesapeake Estates Grantville – $ 21,040,000
On November 4, Michigan-based RHP Properties purchased the mobile home park at L2 Fox Run Road in East Hanover Township for $ 21,040,000. According to the RHP, there are 347 homesteads in the park.
1. Spring Creek Rehabilitation and Care Center – $ 37,575,000
On February 12, 1205, S 28th Street LLC, a Brooklyn, New York company represented by David Katz, sold the Spring Creek Rehabilitation and Nursing Center at 1205 S. 28th St. in the Swatara Ward to 1205 South 28th Street LLC, a Cherry Hill, New Jersey, company, represented by Steven Rosenzweig, for $ 37,575,000.
– Business buzz
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