Feinberg Real Estate Advisors congratulates Lehigh Valley Academy on its purchase of the former FLSmidth headquarters. We were thrilled to be involved in the process.

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February17, 2022

FORIMMEDIATE RELEASE

For More Information:

Cindy McDonnell Feinberg,CCIM
Feinberg RealEstate Advisors, LLC

cfeinberg@feinbergrea.com

610-709-6233

 

                       

Feinberg Real Estate Advisors, LLC

Represents Lehigh Valley Academy RegionalCharter School

in its Purchase of the Former FLSmidthProperty

 

Allentown,PA - Feinberg Real Estate Advisors, LLC represented the Lehigh Valley AcademyRegional Charter School (LVA) in its purchase of 2040 Avenue C, a three-story,210,000 square foot property in the City of Bethlehem, Lehigh County,Pennsylvania.  The property, which was built in 1976 for the Fuller Coheadquarters and expanded in 1996 when Fuller Co become part of the FLSmidthgroup of companies, will be redeveloped for the Lehigh Valley Academy, an IBWorld School, and will be ready for occupancy for the opening of the 2023-2024school year.

 

CindyMcDonnell Feinberg, CCIM of Feinberg Real Estate Advisors, LLC represented LVAin the acquisition of the property.  The sellers, FLSMIDTH, INC and FULLERCOMPANY were represented by JLL.   The property was purchased for$15,500,000.

 

“Thesize and location of the property made it a perfect choice for LVA’s new Kthrough 12 campus,” said LVA Chief Executive Officer Susan Mauser. “Thelocation is less than one mile from our current location and remains veryconvenient for our students, their families and our staff.”

 

“Whenthe property became available our architect, ALLOY5 Architecture, did a testfit to determine if our three schools, K-5, 6-8 and 9-12, would fit into thetwo three-story buildings,” added Mauser. “We determined that they would fitperfectly so we spent the past nine months preparing the designs, confirmingschool configurations and obtaining board approval for our new location.”


Commentingon working with Cindy Feinberg, Mauser said, “LVA thoroughly enjoyed workingwith Cindy on this project. She is very experienced, knowledgeable, detailoriented, responsive and was always willing to tackle the difficultdiscussions. We really appreciated her quick follow-up and willingness tomake herself available for meetings, walkthroughs and phone calls. Cindyanswered the questions we didn’t even know to ask. Her hard work,professionalism and tenacity helped us navigate this daunting process.”


"Thesize of the property and the complexity of the buildings made for a veryinteresting project,”said Cindy McDonnell Feinberg. “I’m thankful for theopportunity to work with LVA, their architects, attorney, engineers andmanagement teams on the review and acquisition of the property.  I look forwardto watching the transformation of the former FLSmidth headquarters into the newLVA campus,” Feinberg said.

  

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About 2040Avenue C, Bethlehem, PA

In 1976, theFuller Co built its 150,000 square foot headquarters on Avenue C, moving thebusiness from Catasauqua to the City of Bethlehem.  In 1990 the Fuller Cobecame part of the FLSmidth group of companies. In 1996 the 60,000 square footAnnex Building was constructed to accommodate expanding employee population inthe Lehigh Valley. 

 

 

About LehighValley Academy Regional Charter School

 

AboutFeinberg Real Estate Advisors, LLC

Feinberg Real Estate Advisors, LLC is the LehighValley’s leading independent commercial real estate brokerage firm. Our focusedareas of expertise include commercial and industrial brokerage, investmentproperties, commercial development and consulting and real estate projectmanagement. Our hands-on approach to client management and our personalinvestments in commercial real estate provides us with a unique perspective onthe industry.

 

Cindy McDonnell Feinberg, CCIM

Feinberg Real Estate Advisors, LLC