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:
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
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 2017 60 Months 80 2.70% 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.
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
Proposed Building Sites
Building H - Office Concept Building H - Dental/Medical Office Concept Plan
Market Trends Feb 16 vs. 3 mo. Y-O-Y Feb 16 vs. 3 mo. prior prior State $99 +1.4% -0.2% Y-O-Y State $16.95 +1.1% +1.6% Metro $18.19 +3.8% +6.9% County $18.19 +3.8% +6.9%
Demographics Population 1-mi. 3-mi. 5-mi. 2015 Male Population 1,537 4,439 30,441 2015 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 51,856 2015 Total Daytime Population 2,469 12,278 65,629 2015 Total Employees 997 7,202 29,622 2015 Total Population: Median Age 47 49 23 2015 Total Population: Adult Median Age 53 55 26 2015 Total population: Under 5 years 131 400 1,447 2015 Total population: 5 to 9 years 166 478 1,345 2015 Total population: 10 to 14 years 219 590 1,347 2015 Total population: 15 to 19 years 144 441 10,431 2015 Total population: 20 to 24 years 122 300 21,018 2015 Total population: 25 to 29 years 202 467 3,862 2015 Total population: 30 to 34 years 143 436 2,380 2015 Total population: 35 to 39 years 143 423 1,671 2015 Total population: 40 to 44 years 173 527 1,672 2015 Total population: 45 to 49 years 247 713 1,744 2015 Total population: 50 to 54 years 319 795 1,954 2015 Total population: 55 to 59 years 352 869 2,018
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total population: 60 to 64 years 263 712 1,699 2015 Total population: 65 to 69 years 194 590 1,276 2015 Total population: 70 to 74 years 127 445 989 2015 Total population: 75 to 79 years 82 357 845 2015 Total population: 80 to 84 years 53 334 707 2015 Total population: 85 years and over 36 403 1,002 % 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%
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 48,639 2015 Black or African American alone 61 167 2,218 2015 American Indian and Alaska Native alone 2 10 84 2015 Asian alone 46 221 4,640 2015 Native Hawaiian and OPI alone n/a 3 46 2015 Some Other Race alone 23 49 569 2015 Two or More Races alone 56 143 1,211 2015 Hispanic 49 155 2,221 2015 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%
Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Not Hispanic: White alone 2,783 7,514 41,953 2015 Not Hispanic: Black or African American alone 26 93 1,487 2015 Not Hispanic: American Indian and Alaska Native alone 2 7 48 2015 Not Hispanic: Asian alone 59 153 3,554 2015 Not Hispanic: Native Hawaiian and OPI alone 3 3 50 2015 Not Hispanic: Some Other Race alone n/a 4 61 2015 Not Hispanic: Two or More Races 37 82 602 % 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
Demographics Population Change (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total Population 3,116 9,280 57,407 2015 Households 1,292 3,936 18,095 Population Change 2010-2015 60 651 3,667 Household Change 2010-2015 20 292 636 % Population Change 2010-2015 1.96% 7.54% 6.82% % Household Change 2010-2015 1.57% 8.01% 3.64% Population Change 2000-2015 183 1,335 8,407 Household Change 2000-2015 173 829 1,990 % Population Change 2000 to 2015 6.24% 16.80% 17.16% % Household Change 2000 to 2015 15.46% 26.68% 12.36% Housing 1-mi. 3-mi. 5-mi. 2015 Housing Units 1,204 3,281 16,783 2015 Occupied Housing Units 1,119 3,107 16,104 2015 Owner Occupied Housing Units 908 2,457 5,977 2015 Renter Occupied Housing Units 211 650 10,127 2015 Vacant Housings Units 85 175 680 % 2015 Occupied Housing Units 92.94% 94.70% 95.95%
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. 2015 Household Income: Median $72,958 $72,127 $39,723 2015 Household Income: Average $96,850 $94,242 $60,746 2015 Per Capita Income $40,157 $40,390 $26,244 2015 Household income: Less than $10,000 31 78 3,351 2015 Household income: $10,000 to $14,999 45 158 1,113 2015 Household income: $15,000 to $19,999 42 156 1,076 2015 Household income: $20,000 to $24,999 55 212 1,208 2015 Household income: $25,000 to $29,999 82 232 1,059 2015 Household income: $30,000 to $34,999 28 92 634 2015 Household income: $35,000 to $39,999 29 89 642 2015 Household income: $40,000 to $44,999 49 131 738 2015 Household income: $45,000 to $49,999 66 236 742 2015 Household income: $50,000 to $59,999 92 263 964 2015 Household income: $60,000 to $74,999 147 397 1,569 2015 Household income: $75,000 to $99,999 181 583 1,587 2015 Household income: $100,000 to $124,999 138 415 1,300 2015 Household income: $125,000 to $149,999 118 328 750 2015 Household income: $150,000 to $199,999 90 289 810
Demographics Income (Cont.) 1-mi. 3-mi. 5-mi. 2015 Household income: $200,000 or more 99 277 552 % 2015 Household income: Less than $10,000 2.40% 1.98% 18.52% % 2015 Household income: $10,000 to $14,999 3.48% 4.01% 6.15% % 2015 Household income: $15,000 to $19,999 3.25% 3.96% 5.95% % 2015 Household income: $20,000 to $24,999 4.26% 5.39% 6.68% % 2015 Household income: $25,000 to $29,999 6.35% 5.89% 5.85% % 2015 Household income: $30,000 to $34,999 2.17% 2.34% 3.50% % 2015 Household income: $35,000 to $39,999 2.24% 2.26% 3.55% % 2015 Household income: $40,000 to $44,999 3.79% 3.33% 4.08% % 2015 Household income: $45,000 to $49,999 5.11% 6.00% 4.10% % 2015 Household income: $50,000 to $59,999 7.12% 6.68% 5.33% % 2015 Household income: $60,000 to $74,999 11.38% 10.09% 8.67% % 2015 Household income: $75,000 to $99,999 14.01% 14.81% 8.77% % 2015 Household income: $100,000 to $124,999 10.68% 10.54% 7.18% % 2015 Household income: $125,000 to $149,999 9.13% 8.33% 4.14% % 2015 Household income: $150,000 to $199,999 6.97% 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. 2015 Childrens/Infants clothing stores $360,115 $1,070,313 $4,531,301 2015 Jewelry stores $144,782 $431,035 $1,750,941 2015 Mens clothing stores $448,642 $1,338,648 $5,497,251 2015 Shoe stores $448,349 $1,334,319 $5,422,997
Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Womens clothing stores $779,930 $2,340,941 $9,158,704 2015 Automobile dealers $6,261,006 $18,644,129 $69,831,701 2015 Automotive parts and accessories stores $1,199,629 $3,588,593 $13,781,694 2015 Other motor vehicle dealers $167,783 $499,868 $2,042,197 2015 Tire dealers $534,342 $1,598,600 $6,146,548 2015 Hardware stores $26,913 $79,931 $276,130 2015 Home centers $273,014 $808,540 $2,714,708 2015 Nursery and garden centers $335,812 $1,004,360 $3,293,726 2015 Outdoor power equipment stores $141,965 $425,412 $1,441,654 2015 Paint andwallpaper stores $29,867 $89,072 $331,105 2015 Appliance, television, and other electronics stores $844,508 $2,516,979 $9,392,308 2015 Camera andphotographic supplies stores $66,623 $197,814 $739,564 2015 Computer andsoftware stores $2,178,004 $6,539,899 $26,436,970 2015 Beer, wine, and liquor stores $389,349 $1,167,739 $4,694,536 2015 Convenience stores $1,649,360 $4,934,383 $20,921,567 2015 Restaurant Expenditures $1,632,332 $4,876,266 $18,775,330 2015 Supermarkets and other grocery (except convenience) stores $6,114,307 $18,369,590 $74,410,974 2015 Furniture stores $590,526 $1,756,105 $6,724,073 2015 Home furnishings stores $2,059,489 $6,163,375 $23,018,684 2015 General merchandise stores $10,813,916 $32,363,681 $120,521,727 2015 Gasoline stations with convenience stores $5,250,048 $15,689,431 $63,571,172
Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Other gasoline stations $3,789,296 $11,321,287 $45,085,729 2015 Department stores (excl leased depts) $10,669,134 $31,932,646 $118,770,786 2015 General merchandise stores $10,813,916 $32,363,681 $120,521,727 2015 Other health and personal care stores $422,111 $1,268,469 $4,761,322 2015 Pharmacies and drug stores $1,662,594 $5,007,755 $18,884,077 2015 Pet and pet supplies stores $446,641 $1,335,659 $5,102,271 2015 Book, periodical, and music stores $72,779 $218,160 $800,134 2015 Hobby, toy, and game stores $190,018 $567,697 $2,229,553 2015 Musical instrument and supplies stores $20,902 $61,805 $237,290 2015 Sewing, needlework, and piece goods stores $37,881 $113,187 $414,725 2015 Sporting goods stores $194,553 $578,940 $2,176,591
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) 237-5384 Ext: 109 License: RS308568 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 16803 Honors/Awards: Website: Interests: CCIM, P.E., NAR Green http://www.gsarealty.com Building Technology, Sustainable Building/Operations, Finance, general technology, playing the banjo, music, all things Penn State