Jenkintown Borough Council at its meeting last week
recognized two local businesses for their efforts toward revitalization. The
recognition award is part of Jenkintown Borough Council’s continuing effort to
honor businesses that are committed to the borough, either through
revitalization efforts or through their loyalty by continuing to have their
headquarters located in Jenkintown.
The two businesses:
Midgard Properties, Inc. was recognized for its significant contributions borough. Founded in 2005 by partners Jeff Lustig and Thomas Federman, Midgard Properties, Inc. has done work in the borough since its inception and relocated its office to Jenkintown in 2008. Both founders live locally and have chosen to focus their efforts on their hometown area, citing a major emphasis on quality of life. The firm has completed several projects, beginning with the redevelopment of the former Triangle Cleaners building on Summit Avenue in 2005.
Midgard Properties, Inc. has undertaken several projects along the Old York Road corridor, including the Noble Heart Gallery; 224 Old York Road; and 122 Old York Road. Its most recent project is the redevelopment of the former Antique Guild building located next to the Hiway Theater.
GRA, Inc. was recognized for its 40 years of business operations in the Jenkintown. The firm specializes in economics and finance, specifically air transportation economics. Founded in 1972 by Aaron Gellman, GRA, Inc. originally focused on railroads and assisted with the creation of Conrail. In the 1980s, the firm shifted its focus from railroad economics to air transportation economics. GRA, Inc. began its operations in the Beaver Hill Condominiums and then relocated to 115 West Ave.