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Tag: philly

Pair of central Pa. dental offices sell for $2.6 million  

Marcus & Millichap announced Monday the sale of a two-property dental office portfolio in central Pennsylvania for $2.6 million, according to Sean Beuche, regional manager and broker of record. 

Traute Ringwald, of Bles Properties LLC, purchased 5,008-square-foot Williams Valley Dental, Williamstown, for $1.4 million and 3,514-square-foot Jonestown Dental for $1.2 million. 

Craig Dunkle and Mher Vartanian, investment specialists with Marcus & Millichap’s Philadelphia office, represented the seller, Krupal Desai, of Indiju Investors LLC. Stephen Filippo, of Marcus & Millichap Capital Corp., arranged the buyer’s financing. 

“The Williamstown and Jonestown dental offices were part of a larger four-property portfolio, three of which we sold at either list price or within 3% of it,” Dunkle said in a release. “The last property is currently under contract at its list price. The portfolio sale was completed through an absolute triple-net, 15-year sale lease-back structure, which was extremely desirable to the 1031 exchange buyers that were initially interested in pursuing the assets.” 

Paula Wolf is a freelance writer. 

Harsco Corp. plans to relocate headquarters by 2023 

 

Environmental solutions provider Harsco Corp. plans to relocate its Camp Hill headquarters to Philadelphia, the second large regional company to do so this week. 

The move will see a majority of Harsco’s corporate employees relocate to Philadelphia by January 2023. It was prompted by a need for a more diverse workforce and the resources that a larger city provides, Nick Grasberger, chairman and CEO of Harsco said in a statement to the Central Penn Business Journal. 

“We are confident that this move to America’s sixth largest city will provide us with more options to the future resources needed to fuel our growth including a strong infrastructure, a much larger and diverse talent pool, and closer proximity to our customers and federal government agencies,” Grasberger said. 

Harsco was founded in 1853 and has operated in South Central Pennsylvania for more than 165 years.  

The company provides environmental solutions for industrial and specialty waste systems and technology for the rail sector. It employs 12,000 people in more than 30 countries. 

Most of Harsco’s employees in Camp Hill have been offered the chance to relocate to the new location. Employees at Harsco’s Reed Minerals business will remain in Camp Hill, as well as a few other back-office employees, said Jay Cooney, chief marketing and communications officer at Harsco. 

The company has yet to announce its plans for its Camp Hill Headquarters. 

“As the future becomes the present, we remain committed to our employee care value with the hope that the majority of our employees will join us on this next step in our journey,” said Grasberger. “We will share more information about our relocation in the coming months.” 

Harsco is the second major Camp Hill employer this week to announce its exit from Cumberland County following Rite Aid’s announcement on Tuesday that it would be closing its local headquarters in favor of a smaller, more remote-focused workforce operating out of Philadelphia. 

As part of the move, Rite Aid plans to open “regional collaboration centers” across the country that will allow its teams to work together when needed. Rite Aid hasn’t announced where these hubs will be located but has confirmed that one will be in the midstate. 

 

Rite Aid to grow corporate team, open new collaborative hub in Central Pa.

 

Rite Aid may be moving its headquarters from Camp Hill, Cumberland County to Philadelphia but thanks to its new remote-first initiative, the pharmaceutical chain plans to expand its corporate team of 700.

Rite Aid announced on Tuesday that it will be relocating its headquarters to a new Philadelphia location early next year as it moves to a new focus on remote work.

As part of the move, Rite Aid plans to open “regional collaboration centers” across the country that will allow its teams to work together when needed. Rite Aid hasn’t announced where these hubs will be located but has confirmed that one will be in the midstate.

“This is about building a reimagined workplace, where our associates have the flexibility they prefer and also have innovative, modern and new spaces that demonstrates a new Rite Aid,” said Brad Ducey, senior manager of external communications at Rite Aid.

Rite Aid doesn’t expect to see any layoffs as part of the move to Philadelphia and instead is actively hiring and looking to grow its corporate team, according to Ducey.

Rite Aid has yet to announce plans for its current properties in the region, including the company headquarters at 30 Hunter Lane, Camp Hill.