NGKF Capital Markets has been exclusively retained to sell Northwoods Crossing, two centrally located office buildings in Harrisburg, Pennsylvania, totaling 154,298 square feet on a combined 10.47 acres. The NGKF Capital Markets team comprising Mike Margolis, Dave Dolan and Brett Segal along with area expert, Tim Brogan, are marketing the property.
Northwoods Crossing is a rare opportunity to acquire both 1800 Linglestown Road, totaling 52,298 rentable square feet, and 4401 Deer Path Road, totaling 102,000 rentable square feet. The two properties are currently occupied and serve as the corporate headquarters of United Concordia Dental, an investment rated accredited tenant and the eighth largest employer in Harrisburg. As the Harrisburg East submarket continues to tighten, Northwoods Crossing will reap the benefits due to its prime location.
The buildings are situated in a strategically located office park on Route 39, a four-lane highway that provides access to Route 22, as well as Harrisburg’s critical I-83, I-81 highways and various other interstates. The location of the park provides unparalleled access to the surrounding submarket, as well as exceptional local retail amenities and superior access to local decision makers.
United Concordia Companies, Inc. (UCCI) is a Top 10 employer in the Harrisburg area and operates as a subsidiary of Highmark Health, one of the largest health and wellness organizations in the nation. Consolidated revenues for Highmark in 2015 were $17.7 billion and its affiliated businesses and foundations contributed approximately $380 million in charitable care. UCCI occupies 90 percent of Northwoods Crossing, which has served as itscorporate headquarters since 2012.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
