During a recent meeting at the Chester Valley Golf Club, leaders in the commercial real estate industry recognized the top performers from last year, writes Brian McCullough for the Daily Local News.
And the consensus is that Chester County’s commercial real estate market shows no signs of slowing down.
“There’s a lot of both redevelopment within the boroughs and new corporate facilities. It’s been a nice mix of re-use and new,” said Adam Cathers, the new president of the Chester County Commercial Industrial Investment Council.
The 200-member council was started at the end of the 1980s and was incorporated in 1994. It brings together industry professionals such as developers, real estate agents, bankers, attorneys, and others directly involved in commercial development.
Among the many awards handed out during the event was Most Significant Land Sale. It went to Adam Knox of Geis Realty Group for the $3.5 million sale of 1295 Ward Avenue in West Chester. The Most Significant Industrial Sale award went to Eric Stretch of First Liberty Partners for the $10.8 million sale of 3172 Lower Valley Road in Parkesburg, the new home of Victory Brewing.
Read more about Chester County’s commercial real estate market in the Daily Local News here.