Brasler Properties specializes in rehabilitating large single-tenant industrial facilities into state-of-the-art multi-tenant industrial space. As a third generation family owned small service-intensive organization managing long-term assets, Brasler's mission is for tenant's needs to be met immediately, efficiently and economically.
The Brasler approach is to transform large vacant or nearly vacant industrial facilities, market them and ultimately lease them to multiple tenants at attractive below-market rentals. The company delivers a superior level of fit out and lasting capital improvements that adds value to each facility it owns and manages.
For equity participants, the company creates long-term investment opportunities in the privately held industrial property market. Brasler is engaged in an advisory role to other large industrial property owners in property management and redevelopment project delivery. The firm also provides brokerage services, in addition to investor and development activity as a principal.
2009 wrap up,
- At the Premium Business Center in Reading, PA, 120,000sf manufacturing tenant Fibermark extended their existing lease for a significant term commitment to 2017.
- At the Rt 61 Distribution Center, Valley Supply and Irish Creek Excavating both renewed their leases. Both companies are in complimentary construction related industries providing great synergistic opportunities.
- Brasler represented Sysco Food Services of Philadelphia in the acquisition of a 1.8 acre site on the Philadelphia Port for $3.4 million.
- East Penn Manufacturing / Deka Battery renewed their 115,000sf lease at the RT 61 Distribution Center in Reading, PA..
- For pre-2009 deals, please see "Ownership & Transactions"
In 1999, Brasler identified Central Pennsylvania as an under-appreciated area of consistent growth and industrial investment potential and initiated several Industrial rehab projects. Past activities included the acquisition, lease up and disposition of a 200,000 square foot Richardson Drive facility in Lancaster and the former Caterpillar 1,500,000+ square foot 'Butterfly Project' transformation into the York Business Center.(see YBC Success Story to understand this world class redevelopment better)
As part of its ongoing commitment to the community, Brasler, since 1982 continues to provide The Arthur Ashe Youth Tennis Education (AAYTE) organization pro bono work. Throughout the past decade Brasler oversaw the site selection and construction of the new $12 Million, 80,000 Square Foot AAYTE Center, as well as the disposition of the former 32,000 Square Foot site in the Manayunk section of Philadelphia. Currently, 8,500 children participate in AAYTE's tennis and scholastic programs.
"Bob Brasler, Artis Ore and the AAYTC kids at the completion of the new tennis center" - September, 2006
