Linlo Properties expands portfolio with Camp Hill office acquisition

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Linlo Properties has expanded its Central Pennsylvania portfolio with the acquisition of the West Shore Office Center in Camp Hill.

The seven-story, 91,306-square-foot office building is located at 214 Senate Avenue. The property is situated on 4.44 acres in the heart of the Camp Hill Business District, and benefits from its location bordering Route 15 Bypass and adjacent to Penn State Holy Spirit Hospital. The West Shore Office Center has 100% occupancy, features a tenant roster that includes Morgan Stanley, Merrill Lynch, JEM Group, Hersha Hospitality, and the Army Corp. of Engineers.

Purchasing this property adds a fully leased, Class A asset to Linlo’s portfolio of properties across Central Pennsylvania, all of which Linlo owns, builds, and manages with its own in-house team. Headquartered in Camp Hill, Linlo Properties is a family-owned commercial real estate company with over 30 years of experience developing and managing Class A commercial properties across Central Pennsylvania.

“We’re excited to welcome the tenants at West Shore Office Center to the Linlo portfolio,” Linlo Properties President & CEO Lowell Gates said in a statement. “Our in-house team will be involved in this building day to day, the same way we are across the rest of our properties. We’re looking forward to investing in the building and getting to know the businesses there.”

According to a release, the acquisition followed a broad and competitive marketing process, during which ownership and CBRE ultimately selected Linlo Properties as the buyer. The decision was influenced by CBRE’s successful prior dealings with Linlo and its knowledge of the surrounding office market, per the release.

Linlo submitted its initial offer when the property was 80% occupied. The sale was temporarily put on hold while ownership secured a new tenant, bringing occupancy to its current 100%.

“Linlo recognized the added value and both parties agreed to move forward to closing with the utmost professionalism,” said CBRE Senior Vice President, Investment Properties, Steve Marzullo.

Linlo Properties plans a significant capital investment to modernize the building’s interior, mechanical systems, and exterior landscaping.

Marzullo and CBRE’s Adam Silverman, Jeremy Shyk, and David Sickler represented the seller and directly procured the buyer in this transaction. This deal marks the second consecutive sale of 214 Senate Avenue for the team, with the first occurring in 2017 as part of a larger $20.6 million, two-property sale. The team recently placed the 55,000-square-foot Class A office building at 5 Capital Drive in Harrisburg, under agreement with new capital entering the market.