Larken Associates Inks Two Class A Office Leases at Downtown Bethlehem Mixed-Use Building as Renovations Near Completion
Larken Associates, a regional leader in commercial and residential real estate building, development and management, announces an office lease renewal and expansion with JB Hunt Transportation for 6,340 square feet and a new lease with Home Helpers for 694 square feet at The Pinnacle @ 65, a ten-story, 102,000-square-foot mixed-use building located at 65 East Elizabeth Avenue in Bethlehem, PA.
Situated in the heart of Bethlehem, PA, The Pinnacle @ 65 is one of Bethlehem’s tallest buildings and features a mix of 38,000 square feet of Class-A professional office space spread across its four lower floors and 48 luxury apartments on the upper six floors with an amenity package located on its lowest level.
Acquired by Larken Associates in 2018, the firm began a comprehensive capital improvement plan at the building in 2021. Working in close collaboration with Spillman Farmer Architects, a Bethlehem-based architectural firm, Larken’s capital improvement project has centered on the addition of custom, two-tone metal wall panels manufactured by Allentown, PA-based ATAS International. In addition, the company has substantially increased parking and upgraded lighting and flooring in the building’s common areas and shared hallways as well as adding a new 30’X6’ marquee sign to the top of the building. The project is scheduled for completion later in 2022.
The latest leasing activity highlights the early success of Larken Associates’ vision for the property. JB Hunt Transportation originally occupied a 4,427-square-foot space in the building at the time of Larken Associates’ acquisition in 2018. With its latest renewal, the company will be expanding into a larger 6,340-square-foot space to accommodate its operations in the Lehigh Valley. Home Helpers is a home healthcare company who will be transforming its new space to accommodate general office purposes and client consultations.
“We acquired The Pinnacle @ 65 in 2018 to create Bethlehem’s premier office and residential property,” said Victor Kelly, Executive Vice President of Raider Realty, the in-house brokerage division of Larken Associates. “Our ability to not only retain tenants but to provide the support they need to grow while also attracting new tenants highlights our success in making this vision a reality. We look forward to the completion of our capital improvement plan this year and are confident this will continue to be among the region’s finest mixed-use properties.”
To learn more about luxury apartments for rent at Pinnacle @ 65, please visit https://www.larkenassociates.com/residential-rentals/the-pinnacle-at-65. For information on commercial space for lease, which currently range from 694 square feet to 4,694 square feet, please contact Victor Kelly, Executive Vice President of Raider Realty, the in-house brokerage division of Larken Associates at VKelly@Larken.net or 908-874-8686.
About Larken Associates
Larken Associates is a regional leader in commercial and residential real estate building, development and management. Leveraging over 50 years of experience, they are dedicated to bringing great spaces to live and work to life through a long-term ownership strategy and full suite of in-house capabilities. With a diverse commercial portfolio consisting of nearly three million square feet and 800 tenants across office, industrial, retail and mixed-use and approximately 2,000 owned and/or managed residential rental units across 22 unique communities, Larken Associates is deeply committed to the communities in which they work as well as the tenants and residents who call their buildings home. To learn more about Larken Associates, please visit us at https://www.larkenassociates.com/ and follow us on LinkedIn, Facebook, Twitter, and Instagram.