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Brooklyn-based Real Estate Firm Acquires Iconic Reading Eagle Building

Brooklyn-based Real Estate Firm Acquires Iconic Reading Eagle Building

Reading, PA  – NAI Keystone announced that it has successfully completed the sale of the iconic Reading Eagle Building located at 345 Penn Street. Steve Willems, Managing Principal of NAI Keystone, shared that the sale was completed on Friday, October 23, 2020 and the new owner has taken possession of the property. The sale price was not disclosed.

NAI Keystone marketed the building, previously owned by Twenty Lake Holdings of Stamford, CT and found an ideal match with a New York based real estate investment firm.

The new owners have already hired a development firm, iPM USA, to oversee the transformation of the building into a downtown destination featuring a mix of retail and commercial spaces.

Steve Willems and Kyle McKechnie of NAI Keystone said, “We were thrilled to be selected to help with such an important building and very pleased with the result we were able to achieve. Our position in this region as the premier commercial and industrial brokerage allows us to attract great interest to buildings like the Eagle.”

The new owners and iPM USA are currently working with Alvernia University, small business owners and other vendors to re-develop the Eagle building and make it the center for business, dining and entertainment for downtown Reading and beyond. With a business and art incubator on the top floor, a fitness center, a farmer’s market, Urban Air and rock climbing are just a few types of activities that The Eagle will provide.

About NAI Keystone
NAI Keystone is part of a global commercial/industrial real estate network. We provide sales and leasing solutions for those looking to buy or sell or lease. We also help property owners lease existing sites and assist businesses in their search for the perfect space to lease. As the largest firm in the region, we have deep market knowledge and have developed the most robust process for delivering success. Learn more at or give us a call at 610.779.1400.