Keller Williams Realty Opens Parkesburg Office

In my last post I asked about the commercial development happening at the bank building at 224 Main Street.

Per the press release below, its now official. Keller Williams Realty will open Parkesburg's first real estate office at an Open House this Saturday (11/20) from 3 to 4 PM.

First a letter from Brad Sinrod of Great Oak Capital, the property's developer followed by a press release announcing the agreement with Keller Williams:

Letter From Developer Brad Sinrod:

We have signed a lease with Keller Williams Realty Midway, who will be taking the ground floor of 224-228 Main Street.  Vince Taliercio is the broker of record and will be managing the office. 

We purchased the building in November 2009 when it was in shambles.  The roof was leaking, all of the units were vacant and the police were frequently called to the property to deal with squatters and loiterers.

We have spent a year fixing the building from top to bottom.  We patched the roof, replaced windows, updated fixtures, painted and carpeted throughout.  We now have 9 families renting the apartments, and will soon have KW on the ground floor.  With the exception of some space that is currently unused, the building is complete.

The borough council and borough staff have been very helpful to us, and we have felt very welcome in the community.  It’s been a great process.

Our company specializes in purchasing, repairing and managing multi-family and mixed use properties.  In addition to 224 Main Street, we own one other multi-family property in Parkesburg.  We are under agreement to buy a third building and are actively looking for more. 

We are active in the community.  Brad was appointed by the borough to the Western Chester County Emergency Services Consolidation Committee which is looking at ways for the Parkesburg, Atglen and Pomeroy fire companies to work together.    Brad and Pete are also active participants in PABA and the Main Street Revitalization Committee.

We are having an open house at the property this Saturday, from 3:00 to 4:00 and people can take a look at the finished space that we’ve created. 

Press Release

FOR IMMEDIATE RELEASE
Contact:
Brad Sinrod
(610) 659-8551
brad@greatoakcapital.com

Parkesburg, PA sees surge in businesses opening on Main Street

Keller Williams among companies opening offices

Parkesburg, Chester County, PA – November 20, 2010 – One year ago while the real estate market was in a downward spiral, real estate developers Brad Sinrod and Pete Staz of Great Oak Capital Properties purchased one of the landmark historic properties on Main Street in Parkesburg. Formerly a trophy property and an important part of the local economy, 224-228 Main Street was vacant and facing foreclosure. Sinrod and Staz, along a handful of local contractors, spent nearly a year renovating the property and bringing it back to its earlier glory. The nine renovated residential units located in the property have been fully rented for several months.

Great Oak Capital Properties restoration work was rewarded this month when Keller Williams Realty Midway, who serves western Chester County and Lancaster County, announced that they were opening their regional office in building. Keller Williams joins several other new businesses revitalizing Main Street in Parkesburg including a salon, bakery and computer repair shop.

Parkesburg was a “boom town” during the railroad era. Keller Williams Midway moves into a building that was formerly the Parkesburg Bank (founded in 1869). The bank went bust in the 1920’s and the building went on to be used for doctor’s offices, a pharmacy, jewelry store, Masonic Lodge and even a pool hall. Great Oak Capital worked closely with the borough of Parkesburg to restore and update the building to attract a leading company like Keller Williams.

Great Oak Capital Properties is attracted to smaller “Main Street” locations and has restored a number of buildings in Chester County. They have owned several properties in Parkesburg over the years. When they had an opportunity to purchase the Bank Building on Main Street, they had a vision of bringing new life to the town by restoring this key property. According to partner Brad Sinrod, “we were excited to turn this property around. We saw the potential to help Parkesburg’s historic commercial district come back by renovating one of the most visible properties on Main Street.”

Sinrod and Staz aren’t alone in seeing potential on Main Street. In addition to Keller Williams Midway and long-time restaurateurs Rocco and Anna’s, new businesses such as Salon Boninu, computer repair shop RMON Tech and others are opening up shops on Main Street. The Octorara Regional Planning Commission is currently forming a Main Street Revitalization Committee to help encourage and coordinate the growth on Main Street.