Sperry Properties LLC acquired Federated Center at 160 Water Street in October 2020. This property is in the Muhlenberg section of Reading and is specified as an Industrial Flex Building on 2.93 acres.

The total 23,100 sq.ft. building was constructed in 1980 with masonry walls, concrete floors, and a rubber roof system.

There are approximately 70 assigned parking spaces surrounding the building.

(Note the overlay of the interior layout of the building). This commercial space is currently divided into seven individual and combined commercial flex-space units, all accessible via the main entrance of the building.

The entrance to the property from Water Street crosses over the Laurel Run stream to open to a parcel of land that aligns with a railroad system on one side and trees on the other three sides. This property can also be accessed directly from Route 61.

New lights have been added to the exterior perimeter of the building, which also contains a video-camera security system.

Units range from 1,755 square feet to 9,173 square feet. Each leased unit comes with designated parking spots, and some have dock access.

Most units are oil-heat but some are mini-heat and cooled. Office units are individually climate controlled.

Two units include private restroom facilities. Those without do have access to public restrooms located in the main hallway.

All units can be accessed via the main entryway at the front of the building and through the outside office and warehouse unit doors.

Current businesses at this location are:

BUILDING SPECIFICATIONS

  • YEAR BUILT: 1980
  • CONSTRUCTION: Steel & Masonry
  • ROOFING: Rubber
  • CEILING HEIGHT: 13′ – 14′
  • FLOORING: Concrete

UTILITIES INFORMATION

  • LIGHTING: Flourescent & LED throughout
  • HEATING: Mixed oil and forced hot air – Modern heat pump, high-efficient mini-splits
  • COOLING: Partial, depending on unit
  • WATER & SEWER: On-site
  • ELECTRIC: Varying, depending on unit. Some with individual meters, some with 3-phase
  • SIGNAGE: Possible at entrace to property and on exterior of building (at Tentant’s cost)
  • PARKING: 70 spaces – main lot some common, some dedicated
  • DRIVE-IN DOORS: 7 throughout the property of various sizes
  • DOCK DOORS: 3 total