Suburban Philly Office Asset Lands New Tenants

Iron Run Corporate Center in Allentown, Pa., has been recently renovated and features upgraded common areas, as well as a new lobby and fitness room.
Iron Run Corporate Center, Allentown, Pa.
Iron Run Corporate Center, Allentown, Pa.

Brookwood Financial Partners has signed two new leases totaling more than 35,000 square feet of office space at its 66,640-square-foot Iron Run Corporate Center in Allentown, Pa.

The first new tenant is human resources and payroll services company JetPay, which will occupy 24,269 square feet within the property at 7450 Tilghman St. Gola Corporate Real Estate’s Brian Lafond and Dave Butera represented the firm in the transaction. Resource search company RSC Solutions signed an 11,000-square-foot lease, relocating from Wyomissing, Pa. NAI Keystone’s John Buccino brokered the lease on behalf of the tenant.

Recent renovation

The asset features on-site property management, nine-foot ceiling heights and ample parking space. Recently, the building has undergone a series of upgrades, including extensive refurbishments of the common areas, the addition of new seating spots and renovated lobbies. The owner built a new café and a fitness room, aiming to attract tenants for the available 22,985 square feet.

Situated at the interchange of Interstate 78 and Route 100, within minutes from the highly transited Pennsylvania Turnpike, the asset is a short distance from downtown Allentown and 60 miles from Philadelphia. Neighborhood amenities include banks, retailers, eateries, entertainment and accommodation options.  

Colliers’ Ryan Dietrick, Kelly Berfield and John Susanin represented the landlord in the lease transactions.

This summer, Brookwood Financial Partners LLC sold three office buildings totaling 150,000 square feet. The asset are located in suburban Philadelphia and the Lehigh Valley area.

Image courtesy of Colliers International