Council appoints Main Line Executive Realty to manage 201 Stateline after review of two bids

Norworth Borough Council voted 7–0 on July 15 to appoint Main Line Executive Realty as property manager for the borough-owned building at 201 Stateline, following staff review of two proposals.

Staff told council that five firms expressed interest after the borough's request for proposals; two submitted formal proposals: Main Line Executive Realty (a firm that previously managed the property) and Geist Realty. Main Line proposed a flat-rate brokerage/management approach that includes a listing-agent arrangement and a commission equal to 75% of the first full month’s rent for rental services. Geist proposed a percentage-based commission (4% aggregate new lease value minimum) and additional services that staff described as more technologically sophisticated.

Council members and staff discussed cost differences and specific contract language, including construction-management fees in Geist’s proposal and the treatment of finders’ or brokerage fees if the borough secures a long-term lease or sale. Staff noted Main Line’s familiarity with the property and that the lead contact on Main Line is a local resident who previously managed the building. Council members also asked whether the broker representing a prospective tenant is associated with Geist; staff confirmed that the broker works for Geist, which could mean the leasing and management functions would be in the same company if Geist were selected.

Staff recommended Main Line as a more cost-effective option given the likely commission outcomes for large, long-term leases; council amended a motion to appoint and approved Main Line Executive Realty 7–0. Staff said they will negotiate contract specifics and return a final contract for execution. Council emphasized that the vote was to appoint the firm for negotiations and contract finalization, not a signed long-term management contract.