Updated Oct 14, 2026
Gannett Fleming TranSystems Leases 100000 Square Feet At Sterling Place Corporate Center In Mechanicsburg
300 Sterling Parkway
Building Size
100,000 SF
Asset Type
Office
Closing
Mar 27, 2025
About this deal
AI
The property asset involved in this transaction is located at 100 & 300 Sterling Parkway in Mechanicsburg, PA, comprising 100,000 square feet of office space. The lease for this asset was finalized on March 27, 2025.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 100 & 300 Sterling Parkway
- Market: Mechanicsburg, PA
- Landlord: Sterling Place Associates & Waterday Properties
- Tenant: Gannett Fleming TranSystems
- Landlord's Representative: Jeremy Shyk - CBRE
- Tenant's Representative: Mark Gola - Gola Corporate Real Estate
This transaction marks the relocation of Gannett Fleming TranSystems' headquarters from Camp Hill to the Sterling Place Corporate Center. Jeremy Shyk, representing the landlords, and Mark Gola, representing the tenant, played key roles in the negotiation of this lease agreement.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93