Boalsburg Tech Park Build-to-Suit. 176 Technology Drive, Boalsburg, PA 16827
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- Homer Carr
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2 Property Details New Build-to-Suit opportunities in the Boalsburg Technology Park. Partnership and investment opportunities will be considered. The existing park will accommodate various building types and uses depending on tenant/investor requirement. Possible uses include general office, medical/government office, R&D, light manufacturing, creative loft, shared-office, light-industrial and warehousing. Excellent location, visibility and accessibility adjacent to Route 322 bypass and South Atherton Street. High traffic counts for all vehicles heading east towards Harrisburg, Philadelphia and points east. Current owners can act as developer/builder/contractor for a turn-key solution. Land lease or out-parcel purchase opportunities will also be considered. Price: Negotiable Adjacent access to heavily traveled Rt322, I-99; 18 miles to I-80 5 Miles from PSU Campus; 11 Miles from University Park Airport 26 Miles to Amtrak Train Terminal; CATA Public Transportation at Site Office, Medical Office, Light Industrial, R&D, Creative Loft and other uses Build-to-Suit and investment opportunity Various building types and uses availble. Total Space Available: N/A Rental Rate: Min. Divisible: Max. Contiguous: Property Type: Negotiable 2,000 SF 18,000 SF Office Property Sub-type: Office Building Construction Status: PROPOSED Building Size: Building Class: Year Built: 2017 UP TO :20,000 SF A View the full listing here:
3 Listing spaces Buliding E Space Available: 5,500 SF Rental Rate: Negotiable Space / Lot Type: Office Building Additional Space / Lot Types: Office (land),r&d Min. Divisible: 2,000 SF Lease Type: Modified Gross Date Available: Jan 2017 Lease Term: 60 Months No. Parking Spaces: 22 Pct. Procurement Fee: 2.70% New Build-to-Suit opportunity for office, light industrial, R&D use. Investment opportunities and partnerships considered Buliding F Space Available: 11,000 SF Rental Rate: Negotiable Space / Lot Type: Office Building Additional Space / Lot Types: Office (land),r&d Min. Divisible: 2,500 SF Lease Type: Modified Gross Date Available: Jan 2017 Lease Term: 60 Months No. Parking Spaces: 44 Pct. Procurement Fee: 2.70% New Build-to-Suit opportunity for office, light industrial, R&D use. Investment opportunities and partnerships considered
4 Buliding H Space Available: 4,100 SF Rental Rate: Negotiable Space / Lot Type: Office Building Additional Space / Lot Types: Office (land),r&d Min. Divisible: 2,500 SF Max. Contiguous: 4,567 SF Lease Type: Modified Gross Date Available: Jan 2017 Lease Term: 60 Months No. Parking Spaces: 18 Pct. Procurement Fee: 2.70% New Build-to-Suit opportunity for office, light industrial, R&D use. Investment opportunities and partnerships considered Buliding G (Lot 18) Space Available: Rental Rate: Space / Lot Type: Additional Space / Lot Types: Min. Divisible: Date Available: Lease Term: No. Parking Spaces: Pct. Procurement Fee: 18,000 SF Negotiable Office Building Medical Office,Institutional/Governmental 5,000 SF Jan Months % Build-to-Suite Class A Office, Industrial, Flex or R&D Facility. Ownership opportunities are available for this or any of the buildings proposed within the park. Owners will work with prospective tenants/owners as a build-to-suit opportunity.
5 Location LOCATION FEATURES: Boalsburg Technology Park is located directly adjacent to the heavily traveled Route 322 corridor and is the first commercial office park one sees when traveling to State College from the East. Boalsburg is a bedroom community to State College, Penn State and the Centre Region. The park is easily accessible from Route 322 Business or Bypass. Travel times to some important destinations are as follows: Penn State Main Campus: 5 Miles RT 322 Business/Bypass: Adjacent University Park Airport: 11 Miles Amtrak Railway Station: 26 Miles I-99: 4 Miles; I-80: 18 Miles Lewistown, PA: 25 Miles Altoona, PA: 45 Miles Harrisburg, PA: 82 Miles
6 Proposed Building Sites
7 Building H - Office Concept Building H - Dental/Medical Office Concept Plan
8
9 Market Trends Feb 16 vs. 3 mo. Y-O-Y Feb 16 vs. 3 mo. prior prior State $ % -0.2% Y-O-Y State $ % +1.6% Metro $ % +6.9% County $ % +6.9%
10 Demographics Population 1-mi. 3-mi. 5-mi Male Population 1,537 4,439 30, Female Population 1,579 4,841 26,966 % 2015 Male Population 49.33% 47.83% 53.03% % 2015 Female Population 50.67% 52.17% 46.97% 2015 Total Population: Adult 2,522 7,552 51, Total Daytime Population 2,469 12,278 65, Total Employees 997 7,202 29, Total Population: Median Age Total Population: Adult Median Age Total population: Under 5 years , Total population: 5 to 9 years , Total population: 10 to 14 years , Total population: 15 to 19 years , Total population: 20 to 24 years , Total population: 25 to 29 years , Total population: 30 to 34 years , Total population: 35 to 39 years , Total population: 40 to 44 years , Total population: 45 to 49 years , Total population: 50 to 54 years , Total population: 55 to 59 years ,018
11 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi Total population: 60 to 64 years , Total population: 65 to 69 years , Total population: 70 to 74 years Total population: 75 to 79 years Total population: 80 to 84 years Total population: 85 years and over ,002 % 2015 Total population: Under 5 years 4.20% 4.31% 2.52% % 2015 Total population: 5 to 9 years 5.33% 5.15% 2.34% % 2015 Total population: 10 to 14 years 7.03% 6.36% 2.35% % 2015 Total population: 15 to 19 years 4.62% 4.75% 18.17% % 2015 Total population: 20 to 24 years 3.92% 3.23% 36.61% % 2015 Total population: 25 to 29 years 6.48% 5.03% 6.73% % 2015 Total population: 30 to 34 years 4.59% 4.70% 4.15% % 2015 Total population: 35 to 39 years 4.59% 4.56% 2.91% % 2015 Total population: 40 to 44 years 5.55% 5.68% 2.91% % 2015 Total population: 45 to 49 years 7.93% 7.68% 3.04% % 2015 Total population: 50 to 54 years 10.24% 8.57% 3.40% % 2015 Total population: 55 to 59 years 11.30% 9.36% 3.52% % 2015 Total population: 60 to 64 years 8.44% 7.67% 2.96% % 2015 Total population: 65 to 69 years 6.23% 6.36% 2.22% % 2015 Total population: 70 to 74 years 4.08% 4.80% 1.72%
12 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 2.63% 3.85% 1.47% % 2015 Total population: 80 to 84 years 1.70% 3.60% 1.23% % 2015 Total population: 85 years and over 1.16% 4.34% 1.75% 2015 White alone 2,928 8,687 48, Black or African American alone , American Indian and Alaska Native alone Asian alone , Native Hawaiian and OPI alone n/a Some Other Race alone Two or More Races alone , Hispanic , Not Hispanic 3,067 9,125 55,186 % 2015 White alone 93.97% 93.61% 84.73% % 2015 Black or African American alone 1.96% 1.80% 3.86% % 2015 American Indian and Alaska Native alone 0.06% 0.11% 0.15% % 2015 Asian alone 1.48% 2.38% 8.08% % 2015 Native Hawaiian and OPI alone 0.00% 0.03% 0.08% % 2015 Some Other Race alone 0.74% 0.53% 0.99% % 2015 Two or More Races alone 1.80% 1.54% 2.11% % 2015 Hispanic 1.57% 1.67% 3.87% % 2015 Not Hispanic 98.43% 98.33% 96.13%
13 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi Not Hispanic: White alone 2,783 7,514 41, Not Hispanic: Black or African American alone , Not Hispanic: American Indian and Alaska Native alone Not Hispanic: Asian alone , Not Hispanic: Native Hawaiian and OPI alone Not Hispanic: Some Other Race alone n/a Not Hispanic: Two or More Races % 2015 Not Hispanic: White alone 94.89% 94.58% 85.62% % 2015 Not Hispanic: Black or African American alone 0.89% 1.17% 3.03% % 2015 Not Hispanic: American Indian and Alaska Native alone 0.07% 0.09% 0.10% % 2015 Not Hispanic: Asian alone 2.01% 1.93% 7.25% % 2015 Not Hispanic: Native Hawaiian and OPI alone 0.10% 0.04% 0.10% % 2015 Not Hispanic: Some Other Race alone 0.00% 0.05% 0.12% % 2015 Not Hispanic: Two or More Races 1.26% 1.03% 1.23% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a
14 Demographics Population Change (Cont.) 1-mi. 3-mi. 5-mi Total Population 3,116 9,280 57, Households 1,292 3,936 18,095 Population Change ,667 Household Change % Population Change % 7.54% 6.82% % Household Change % 8.01% 3.64% Population Change ,335 8,407 Household Change ,990 % Population Change 2000 to % 16.80% 17.16% % Household Change 2000 to % 26.68% 12.36% Housing 1-mi. 3-mi. 5-mi Housing Units 1,204 3,281 16, Occupied Housing Units 1,119 3,107 16, Owner Occupied Housing Units 908 2,457 5, Renter Occupied Housing Units , Vacant Housings Units % 2015 Occupied Housing Units 92.94% 94.70% 95.95%
15 Demographics Housing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 81.14% 79.08% 37.12% % 2015 Renter occupied housing units 18.86% 20.92% 62.88% % 2000 Vacant housing units 7.06% 5.33% 4.05% Income 1-mi. 3-mi. 5-mi Household Income: Median $72,958 $72,127 $39, Household Income: Average $96,850 $94,242 $60, Per Capita Income $40,157 $40,390 $26, Household income: Less than $10, , Household income: $10,000 to $14, , Household income: $15,000 to $19, , Household income: $20,000 to $24, , Household income: $25,000 to $29, , Household income: $30,000 to $34, Household income: $35,000 to $39, Household income: $40,000 to $44, Household income: $45,000 to $49, Household income: $50,000 to $59, Household income: $60,000 to $74, , Household income: $75,000 to $99, , Household income: $100,000 to $124, , Household income: $125,000 to $149, Household income: $150,000 to $199,
16 Demographics Income (Cont.) 1-mi. 3-mi. 5-mi Household income: $200,000 or more % 2015 Household income: Less than $10, % 1.98% 18.52% % 2015 Household income: $10,000 to $14, % 4.01% 6.15% % 2015 Household income: $15,000 to $19, % 3.96% 5.95% % 2015 Household income: $20,000 to $24, % 5.39% 6.68% % 2015 Household income: $25,000 to $29, % 5.89% 5.85% % 2015 Household income: $30,000 to $34, % 2.34% 3.50% % 2015 Household income: $35,000 to $39, % 2.26% 3.55% % 2015 Household income: $40,000 to $44, % 3.33% 4.08% % 2015 Household income: $45,000 to $49, % 6.00% 4.10% % 2015 Household income: $50,000 to $59, % 6.68% 5.33% % 2015 Household income: $60,000 to $74, % 10.09% 8.67% % 2015 Household income: $75,000 to $99, % 14.81% 8.77% % 2015 Household income: $100,000 to $124, % 10.54% 7.18% % 2015 Household income: $125,000 to $149, % 8.33% 4.14% % 2015 Household income: $150,000 to $199, % 7.34% 4.48% % 2015 Household income: $200,000 or more 7.66% 7.04% 3.05% Retail Sales Volume 1-mi. 3-mi. 5-mi Childrens/Infants clothing stores $360,115 $1,070,313 $4,531, Jewelry stores $144,782 $431,035 $1,750, Mens clothing stores $448,642 $1,338,648 $5,497, Shoe stores $448,349 $1,334,319 $5,422,997
17 Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Womens clothing stores $779,930 $2,340,941 $9,158, Automobile dealers $6,261,006 $18,644,129 $69,831, Automotive parts and accessories stores $1,199,629 $3,588,593 $13,781, Other motor vehicle dealers $167,783 $499,868 $2,042, Tire dealers $534,342 $1,598,600 $6,146, Hardware stores $26,913 $79,931 $276, Home centers $273,014 $808,540 $2,714, Nursery and garden centers $335,812 $1,004,360 $3,293, Outdoor power equipment stores $141,965 $425,412 $1,441, Paint andwallpaper stores $29,867 $89,072 $331, Appliance, television, and other electronics stores $844,508 $2,516,979 $9,392, Camera andphotographic supplies stores $66,623 $197,814 $739, Computer andsoftware stores $2,178,004 $6,539,899 $26,436, Beer, wine, and liquor stores $389,349 $1,167,739 $4,694, Convenience stores $1,649,360 $4,934,383 $20,921, Restaurant Expenditures $1,632,332 $4,876,266 $18,775, Supermarkets and other grocery (except convenience) stores $6,114,307 $18,369,590 $74,410, Furniture stores $590,526 $1,756,105 $6,724, Home furnishings stores $2,059,489 $6,163,375 $23,018, General merchandise stores $10,813,916 $32,363,681 $120,521, Gasoline stations with convenience stores $5,250,048 $15,689,431 $63,571,172
18 Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Other gasoline stations $3,789,296 $11,321,287 $45,085, Department stores (excl leased depts) $10,669,134 $31,932,646 $118,770, General merchandise stores $10,813,916 $32,363,681 $120,521, Other health and personal care stores $422,111 $1,268,469 $4,761, Pharmacies and drug stores $1,662,594 $5,007,755 $18,884, Pet and pet supplies stores $446,641 $1,335,659 $5,102, Book, periodical, and music stores $72,779 $218,160 $800, Hobby, toy, and game stores $190,018 $567,697 $2,229, Musical instrument and supplies stores $20,902 $61,805 $237, Sewing, needlework, and piece goods stores $37,881 $113,187 $414, Sporting goods stores $194,553 $578,940 $2,176,591
19 Broker Profile Tommy Songer Registered Professional Civil Engineer specializing in commercial real estate services. I have a deep list of experience in real estate with specialties in commercial real estate services, leasing, and investing. I also have experience in residential building, building construction technology, construction management, and property management. My immediate goals are to grow my companies commercial real estate business by providing a level of expertise not offered in the central PA area. My background as a building owner, developer and investor, along with an interest in building innovation and sustainable technologies should allow me to provide a high level of service to my clients. Current Occupation: Commercial Agent t3songer@gsarealty.com (814) Ext: 109 License: RS Work Experience: I've been in the real estate industry since 1997 working in all aspects of commercial real estate including investment, land development, construction and management. Different career experiences have included engineering, home building management for a large nationwide builder as well as helping to manage a family real estate portfolio before setting out with my partner to start our own real estate company. Education: B.S. Environmental Engineering Technology - Pennsylvania State University Organizations/Associations: CCIM, National Association of REALTORS, LoopNet, Inc. BHGRE Commercial - GSA Realty 341 Science Park Road State College, PA Honors/Awards: Website: Interests: CCIM, P.E., NAR Green Building Technology, Sustainable Building/Operations, Finance, general technology, playing the banjo, music, all things Penn State
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