525 Lancaster Avenue
Reading, PA

525 Lancaster Avenue (Rt. 222) is a four-story office building consisting of 110,000 square feet of rentable space situated on 3.85 acres of ground in Reading, Berks County, Pennsylvania. The building was built in 1927 and expanded in 1985. 525 Lancaster Avenue is constructed of masonry block, brick, structural steel framing and glass and is zoned for highway commercial, office, and educational uses. The property contains 524 parking spaces, is serviced by public utilities and is currently vacant.

Tripoint Properties acquired 525 Lancaster Avenue in September 2006 with the intention of significantly redeveloping the property and modernizing the interior and exterior of the building along with the mechanical, electric, plumbing, and roofing systems, in order to reposition the property into a class “A” office building. The property, at the time of acquisition, was vacant but had recently been occupied by Sovereign Bank and used for their call center and back office operations. Redevelopment work at the property will include the addition of a dramatic glass and brick facade with many windows as well as a new passenger elevators, toilet rooms, and office interiors. Site improvements will include the addition of sidewalks, landscape islands, and landscaping. Demolition of the Annex of the building is just about complete and Tripoint Properties will begin the $5,250,000 redevelopment of 525 Lancaster Avenue during the fourth quarter of 2008. Tripoint expects the work to be substantially complete by the end of the second quarter of 2009.

525 Lancaster Avenue is conveniently located in Reading, PA along busy Route
222 (Lancaster Avenue), just west of Rt 422 and the Schuylkill River, near Alvernia College and the border of Shillington, PA. More than 15,000 cars, on average, pass the property each day. Routes 222, 422, 724, and 176 are within close proximity to the property providing quick and easy access to downtown Reading, Wyomissing, Pottstown, and the Pennsylvania Turnpike. The property is within easy walking distance to a number of amenities and the BARTA bus Route 11 stops at the corner of the property.

Leasing Information