9-9-2011 MARE JOURNAL

Real Estate Journal Vol. 23, Issue 17

Inside:

September 9 - 22, 2011

Sections

the most comprehensive source for commercial real estate news

Cullen Associates NNJ Company of the Month

Mid Atlantic........................................................Section A New Jersey......................................................... Section B Pennsylvania.................................................... Section C

Spotlights / Features Financial Featuring Multifamily Financing............................................3-8A Green Buildings.......................................................9-16A Sales & Leases............................................................... 17A Auction Directory.........................................................19A Calendar of Events......................................................20A Business Card Directory..........................................21A Tri-State Realtors Commercial Alliance........22-23A

HVAC Booster Systems Cullen Associates has grown from a small operation in Jersey City, NJ to our present centralized engineering and warehouse facilities in Neptune, NJ, and a satellite office in Albany, NY.....................................8-10B

LMS Commercial RE Celebrates 20th Anniversary

Bill Board Classifieds............................................... 24A Northern New Jersey.............................................5-12B Central Pennsylvania...................................................5-15C

Columnist Ed Ritter.......................................................................................2A

Next Issue

September 23 - October 11, 2011 • Mid Atlantic • DELMARVA featuring Delaware • Shopping Centers featuring PA/NJ/DE ICSC Idea Exchange • Contractors, Owners & Managers featuring Building Services and Suppliers • Fall Preview 3 sections, 72 pages

Giant Super Market LMS is a full-service commercial real estate firm covering the Central Pennsylvania market. It provides a unique blend of Leasing, Sales, Property and Asset Management, Tenant Representation, Construction, Development, and Acquisition services for the Retail, Residential, Professional Office, and Medical segments..................................................................................9-12C

A Inside Cover — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Real estate financing experts are easy to find... $24,000,000 Multi-Family Rental Bethlehem, PA

$15,000,000 Office Building Summit, NJ

$22,000,000 Multi-Family Rental Morris Township, NJ

$4,550,000 $11,000,000

Industrial Building Secaucus, NJ

Office Building Iselin, NJ

When you know where to look.

The current economy has everyone looking for ways to reduce costs. Refinancing your property can make a big difference. At The Provident Bank we make loan decisions locally. Why wait for someone in another state or time zone to review your application, process it and make their lending decision? Our commercial real estate specialists are right here where you are. We can build customized lending solutions to meet your needs and timeline. Custom solutions, local decision-making, quick turnaround – call us today and experience the Provident difference.

For more information contact Patti Patriarca, SVP patricia.patriarca@providentnj.com 732.726.5516

Equal Opportunity Lender Equal Housing Lender Member FDIC

www.ProvidentNJ.com

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 1A

REAL ESTATE INVESTMENT ASSET MANAGEMENT DEVELOPMENT and REDEVELOPMENT CONSTRUCTION MANAGEMENT PROPERTY MANAGEMENT LEASING AND MARKETING

2A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Mid Atlantic

Mid Atlantic REAL ESTATE JOURNAL

Real Estate Journal

They wrote the policy.

Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman

Section Publisher ..............................................................Michael Campisi

We make sure they write the check.

Section Publisher ................................................................ Elaine Fanning Associate Publisher ...........................................................Dianna Mallozzi

Senior Editor/Graphic Artist ................................................ Karen Vachon Production Assitant .......................................................... Rachel Rugman

OfďŹ ce Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers

By Ed Ritter

Mid Atlantic REAL ESTATE JOURNAL ~ Published Bi-Monthly

Energy Audits & Retrocommissioning: Energy Savings - Fast!

M. MILLER & SON Since 1960

1211 Liberty Ave., Hillside, NJ 07205 ďż˝ Tel: 908-355-4800 adjuster@mmillerson.com ďż˝ www.mmillerson.com

KS

Only Meridian Capital Group’s powerful financing relationships can consistently achieve the unparalleled results our clients require.

Periodicals postage paid at Rockland, Massachusetts and additional mailing ofďŹ ces Postmaster send address change to:

A

Public Adjusters

Relationship Driven.

Execution Focused.

P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight)

re increased energy costs eating up your operating budget? Maybe your building needs to go on a diet. Two easy steps to identify and implement real savings in a three to six month timeframe are an energy audit and retrocommissioning.

Energy Audit An energy audit will review your current energy bills and provide an evaluation of building energy usage over the last two years. Comparing your building to similar buildings can quickly highlight savings potential. The audit includes identification of immediate and short term energy conservation measures. Immediate savings can often be found in review of your building control system.

Is equipment running excessively during unoccupied times?

Maybe your building’s ventilation rates are higher than necessary, wasting fan energy and increasing heating and cooling demands. One recent audit identifi ed incorrect utility billAd BW Boxer 6 x 5.5:Layout

Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 23 Issue 17 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY

MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com

The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

1

ing. The Owner reviewed this with the utility and received a refund of more than $700,000!

Retro-commissioning Building commissioning has been adopted by the construction industry over the last ten years as a key step in providing safe and efficient operation of building systems: heating, ventilation, air conditioning, lighting, and plumbing. There is a good chance that your building was never commissioned.

If so, deficiencies in place since original construction may increase your building operating costs every day. One example is shown in the figure at right.

Improper 4:55 operation of one 9/27/10 PM Page 1

rooftop unit’s outside air / return air damper was found during a recent retro-commissioning project. The error did not provide cold outside air to the building and forced operation of the air conditioning compressors. Engineers refer to this as “Economizer Mode� or “free� cooling. Once this problem was identified, it took one screwdriver and less than 30 seconds to reverse the damper operation and achieve proper operation. As the prior figure shows, the air conditioning cost was reduced by more than 25%.

This same audit found encontinued on page A

Meridian Capital Group, LLC

proudly advised on financing for the following transaction:

Hudson Square South 150 Unit Multifamily Property Hoboken, NJ

$33,000,000

Experience Really Matters.

Don’t leave your real estate project in the hands

ateurs

Permanent Financing

This transaction was negotiated by: Israel Schubert, Managing Director

Kaplin Stewart

Att orneys at Law

9V\[L :V\[O 0ZLSPU 51 c c ^^^ TLYPKPHUJHWP[HS JVT

Contact: Jeffrey L. Silberman 910 Harvest Drive, Blue Bell, PA 19422-0765 • 610-260-6000 • www.kaplaw.com Other Offices: • Cherry Hill, NJ 856-675-1550 • Philadelphia, PA 215-567-3120

MID ATLANTIC REAL ESTATE JOURNAL

ional information contact: Lewis 1948 eechstcap.com

FINANCIAL DIGEST FEATURING MULTIFAMILY FINANCING

MEDIATE RELEASE MARE journal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 3A

Meridian Capital Group, LLC originates transaction

Beech Street Capital provides $31.9 million in refi nancing for 21 apt. bldgs. portfolio

EECH STREET CAPITAL REACTS QUICKLY TO PROVIDE $31.9 MILLION REFINANCING FOR A PORTFOLIO OF 21 NEW YORK CITY PROPERTIES

1, 2011, BETHESDA, MD –nY EW YORK CITY,

N

— Beech Street Capital, LLC has provided eet Capital, LLC announced $31.9 million in Fannie Mae conventional loans to refinance t it has provided a portfolio of 21$31.9 apartments totaling over 1,000 units primarily located in the Bronx.Beech Fannie Mae conventional Street is a Fannie Mae DUS lender, a Freddie Mac Program efinance portfolio of 21 PlusaSeller Servicer, and an FHA Multifamily Accelerated Processing (MAP) and nts totaling over 1,000 units LEAn lender. The transaction was originated by Meridian Capital Group, LLCNew and was located in the Bronx, financed by Beech Street Capital as part of its correspondent ch Street is a Fannie relationship with Mae Meridian.

The borrower’s objective was secure an early rate lock nder, atoFreddie Mac Program in order to take advantage of low prevailing interest rates. ller Servicer, and an FHA by Beech Street responded dedicating a team of underwriters to Processing the transaction. ily Accelerated They conducted the site inBronx Portfolio spection and lease audit of all d LEAN lender. The transaction wasseven originated by Meridian Capital Group, LLC 21 properties in just two days. just days after receipt of demonstrates our capacity As a result, rate lock occurred application. “This transaction to handle large portfolios of

properties in a short period of time,” said Joel Goodman, one of the underwriters on the project. “It’s also another example of our commitment to make the borrower’s priorities our priorities.” The fixed-rate loans for 19 of the properties have a 10-year term, with the remaining two loans having a seven-year term, all payable on a 30-year amortization schedule. In addition to Joel Goodman, Kanett Curtis, Amy Sodeinde, and Tyrone Purdie underwrote the transaction for Beech Street, while Linda Clark acted as the closer.

Michael Kesselman and Matt Texler were the Meridian brokers.

Beech Street Capital provided a $14.8 million Fannie Mae loan to refinance two apartment buildings in new York City. Located in the northwest Manhattan neighborhood of Hamilton Heights, the apartments are operated under a Section 8 Housing Assistance

Payment (HAP) contract.

The transaction was originated by Joe Klein of Meridian Capital Group, LLC. “The borrower’s goals were to achieve permanent nonrecourse financing and to maximize refinancing proceeds,” said Matt Legge, senior vice president of credit at Beech Street. “We squarely met these goals while executing more quickly than our competition for this loan.”

The properties are well maintained, located close to public transportation, and have high occupancy rates. Over the last three years the operator made capital improvements to the 89-unit property equivalent to $6,000 per unit. In 2010, with a grant through the Low-Income Home Energy Assistance Act, the operator has embarked on a comprehensive weatherization program that is expected to yield annual savings of $700 per unit when it is completed in 2015. n

Firoozabadi of Marcus & Millichap The Kislak Co. completes $12 million multifamily sales reps seller in $30. million sale WOODBRIDGE, nJ — The WASHInGTOn, D.C. —Marcus & Millichap Real Estate Investment Services arranged the sale of The Rittenhouse, a 204unit, 211,579 s/f luxury apartment building in northwest Washington, D . C . T h e Ari Firoozabadi sale price of $30.75 million represents $150,735 per unit and $145 psf.

Ari Firoozabadi, a vice president investments in the firm’s Washington, D.C. office represented the seller, Peter n.G. Schwartz Management Co. Inc. The buyer is Henderson Global Investors, who was advised by local management partner, the ROSS Cos. “We received an outpouring of interest in The Rittenhouse from local, national and international investors,” said Firooz-

The Rittenhouse abadi. “However, the statutory restrictions of the Tenant Opportunity to Purchase Act, the District Opportunity to Purchase Act and rent control made growth forecasting and

exit timing challenging. These D.C. residential regulatory restrictions made it difficult for the out-of-market investors to get comfortable with the asset,” adds Firoozabadi. n

Kislak Company completed five multifamily sales in Essex County totaling $12.075 million. In separate transactions, Reynolds Terrace Apartments (shown right), a 120unit property Joni Sweetwood in Orange sold for $7.675 million; two properties with 76 units in East Orange sold for $3.1 million; and two properties with 36 units and 10 retail spaces in Irvington sold for $1.3 million.

Reynolds Terrace Apartments is a nine-story brick high-rise.

Senior VP Joni Sweetwood represented both parties in the transaction.

The East Orange sales are for $1.25 million and a 37-unit property on Webster Place for $1.85 million. VP Jonathan Greenberg represented the purchaser in each transaction.

The Irvington sales were of a 24-unit property with four retail spaces for $800,000 and a 12-unit property with six retail spaces for $500,000, both of which are on Springfield Ave. Kislak had a listing to sell the property. Sweetwood and sales associate Julie Sweetwood-Gralla represented the seller and sales associate Scott Davidovic represented the purchaser.

Kislak also had a listing to sell the property. VP Barry Waisbrod represented the seller and Sweetwood represented the purchaser. n

A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Multifamily Financing

By Bruce J. Coin, Bruce Coin Consulting, Inc.

The Current Commercial Mortgage Market

D

uring the last 60 days, a tremendous number of things occurred that are and will affect the commercial mortgage market for some time: • S & P, a major contributor to the MBS market Bruce J. Coin meltdown that impacted world economies and caused the U.S to incur mega amounts of additional debt, elected to down grade the U.S. from AAA to AA+

sending economic shockwaves around the world.

• The Federal Reserve, in an unprecedented move, announced that it will keep short term interest rates near zero through 2013.

• Residential mortgage rates fell to their lowest levels in over 50 years.

• The benchmark U.S. Treasury rate declined steadily from 3.18 percent on July 1st to 2.19 percent on August 26th. On February 8th it was 3.75 percent.

• As predicted in this column, a new rating agency, Morningstar, via its May 2010 acquisi-

tion of Realpoint, has emerged to rate MBS. • S & P, after providing preliminary rating opinions to Goldman Sachs and Citigroup on a new $ 1.5 billion pool of CMBS (GC4) abruptly withdrew its ratings in the midnight hour citing inconsistencies in its rating criteria.

• To calm the markets about the potential for another recession, Fed Chairman Bernanke indicated that the demand for autos and aircraft drove long lasting manufactured goods higher in July offsetting a decline in orders for most other

manufactured goods.

• MBS values plunged, their rate spreads increased and delinquencies of existing CMBS continued to increase.

• Post S & P’s downgrade of the U.S.’s credit, the Justice Department (in a move that in this writer’s opinion should have occurred early in 2008) is now investigating the MBS ratings issued by S & P that contributed to the recession.

• Economic conditions in Greece, Spain, France and other countries continue to deteriorate reducing their ability to buy exported goods from the U.S.

which will further slow growth of the U.S. economy.

• The Washington regulators have yet to define a QRM (Qualified Residential Mortgage) as provided for in the Dodd Frank Act. They may never define a Qualified Commercial Mortgage.

S & P’s GC4 faux pas will cost them financially and lose them an abundant amount of the new MBS ratings business that will now go to Moody, Fitch and Morningstar.

The combination of weak economic conditions, rising spreads and the S & P actions has reduced investor’s appetites for new CMBS. Accordingly, while banks that accumulated new loans over the summer will try bringing them to market in new pools, the volume predictions continued on page 6A

By Ed Ritter, Energy Audits & . . . continued from page 2A recovery wheels had not been properly controlled since the building construction was completed – 10 years ago. The Owner had paid over $30,000 extra for these energy savings devices. Due to improper control programming, the wheels ran for only a few hours each year.

Proper wheel operation in this 100,000 square foot building would have saved over $50,000 per year. Multiply that by 10 years…

How do I get started?

Getting started is easy. Collect your energy bills and use the Energy Star rating system to quickly understand how your building performs in comparison to its neighbors. The rating system will provide you a good idea where you stand. It is a 1 – 100 scale with 50 being average energy efficiency. A score of 75 or better may qualify your building as an Energy Star property – more efficient than 75 % of similar buildings. See http://www.energystar.gov/ for more details.

Energy Star is a free program administered by the US Department of Energy. When was the last time you got anything free from the Federal government?

Get started today. You can take the first step yourself and get a quick idea where you stand and how much you may be able to save.

Ed Ritter is the controls & commissioning manager at Barton Associates, Inc. n

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — A

Financial Digest

Register Now for your Exhibit booth www.mba-pa.org

A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Multifamily Financing A 21,000 s/f office/bank pad in Doylestown, PA

D

Henrich of NorthMarq Capital arranged $1.6 million mortgage for Lantern Hill

oylestow n , PA — David Henrich, senior vice president of NorthMarq Capital’s (NorthMarq) Philadelphia Regional office arranged first mortgage financing of $1.6 million Lantern Hill, a 21,000 s/f office/ bank pad.

Financing was based on a 15-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its correspondent relationship with Columbian Mutual Life Insurance Company. According to Henrich, the borrower was seeking

Lantern Hill

the longest fixed-rate mortgage available in the market. He stated, “The purpose of the loan was to refinance the borrower’s short term, floating rate minipermanent loan with a new long-term fixed-rate structure.

Small suburban office can be difficult to finance in this market, given the short-term nature of the tenant leases.

Our correspondent lender provided a flexible underwriting structure to mitigate the rollover risk that was acceptable to the borrower.”

NorthMarq, headquartered

Count On The Business Bank Of New Jersey

Columbia Offers Expert Business Banking Services ,INES OF #REDIT s 0RIME ,INE OF #REDIT FOR 0ROFESSIONALS s 4ERM ,OANS s 3"! ,OANS s 0ERMANENT -ORTGAGES #ONSTRUCTION &INANCING s "USINESS #HECKING s !TTORNEY %SCROW !CCOUNTS s $IRECT 0AYROLL $EPOSIT .IGHT $EPOSITORIES s 2ETIREMENT 0LANS s "USINESS /NLINE "ANKING s !ND -ORE

To learn more about our many Business Services AND HOW WE CAN HELP YOUR BUSINESS GROW VISIT OUR NEAREST OFlCE OR CALL 1-800-522-4167

Convenient Offices Throughout New Jersey

-AIN /FlCE 2OUTE s &AIR ,AWN .* s columbiabankonline.com Count on Columbia.

Member FDIC

in Minneapolis, offers commercial real estate services for investors, developers, corporations and tenants. The company provides mortgage banking and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of nearly $40 billion. n

The Current Com’l. Mortgage Market . . . continued from page 4A for new CMBS issues through the end of this year have been substantially reduced.

Goldman and Citi announced that they intend to bring that $1.5 billion GC4 pool back to market after Labor Day with ratings from Moodys and Morningstar. Hopefully, by the time you read this the pool will have been sold.

Multi-family lending and acquisition opportunities continue to be preferred. With 3 months remaining in its fiscal year, the FHA announced that it has endorsed $10.5 billion in multi-family loans so far, a new record.

Further support comes from the Mortgage Bankers Association who announced that: “Second Quarter 2011 commercial and multifamily loan originations rose by 107% from a year ago”.

Moody’s also reported that: “U.S Commercial real estate prices increased nearly 1 percent in June as repeat sales volume jumped to its highest, non-year end level since 2007.

Ten year fixed interest rates are now readily available at 5% or less for many property types with even lower rates available for multi-family.

I think we can also look for upward pressure on the LTV ratios lenders apply to underwriting apartments with many lenders, especially conduits and perhaps the agencies, again entertaining 80 percent ratios as opposed to their recent 70 and 75% limitations. Apartment loan DSCRs should also get squeezed down to about 1.20, but not below.

If your re-fi can meet the LTV and DSCR requirements, good, long term, low rate financing appears to be available for some time to come.

Bruce J. Coin is director of Bruce Coin Consulting, Inc. n

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — A

Financial Digest

$30,400,000 Shaw's Plaza 770 Roosevelt Trail North Windham, ME 124,331 square feet Shaw's Plaza 251 Kennedy Memorial Drive Waterville, ME 119,015 square feet Marketplace Center 1500 Bald Hill Road Warwick, RI 76,835 square feet The undersigned arranged the above financing 51 East 42nd Street New York, NY 10017 COOPER-HOROWITZ, inc. 212-986-8400 REAL ESTATE FINANCING Fax 212-983-0512 www.cooper-horowitz.com

A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Multifamily Financing Community being built by Russo Development in Northern NJ

HFF arranges construction financing for luxury multi-housing development

L

yndhurst, NJ — HFF has arranged a construction loan for Meadow Crossing, a to-bebuilt, 172-unit, luxury multihousing community.

HFF worked on behalf of the borrower, Russo Development, to secure the 24-month loan through Wells Fargo Bank, National Association. Loan proceeds will cover construction costs for Phase I of the property.

Upon completion in 2012, Meadow Crossing will have

Meadow Crossing

YOUR DEAL. OUR FINANCING. TH E NATI ON’S #1 M U LTI FAM I LY LE N D E R.

18-UNIT GARDEN APARTMENTS HAVERFORD, PA $1,300,000 7-Year Fixed Rate 24-UNIT APARTMENT BUILDING PHILADELPHIA, PA $575,000 5-Year Fixed Rate 118-UNIT 3 PROPERTY GARDEN APT. PORTFOLIO PHILADELPHIA, PA $4,284,000 7-Year Fixed Rate

Work with the Nation’s #1 Multifamily Lender. Offering low fees, great rates, and a streamlined loan process, Chase is helping apartment building owners and investors nationwide get deals done. If you need term financing on an apartment building with five or more units, we’re lending. Give us a call today.

PHILLIP GAUSE, CLIENT MANAGER 215-640-3415 phillip.gause@chase.com

GEORGE D. JOHNSON, JR., CLIENT MANAGER 215-640-3417 george.d.johnson@chase.com

Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply. Products and services provided by JPMorgan Chase Bank, N.A. #1 claim based on 2011 FDIC data. ©2011 JPMorgan Chase & Co. Member FDIC. All rights reserved.

four residential buildings with one-, two- and three-bedroom units averaging 1,030 square feet each. Community amenities will include a clubhouse with fitness center, billiards/ recreation room, dining room and outdoor pool. The development will be constructed in two phases; 172 units represented in this phase and 124 to be developed at a later date.

Meadow Crossing is located at 340 Orient Way within walking distance of the Kingsland Train Station and the Lewandowski Shopping Center in Lyndhurst, about seven miles west of Manhattan along the Route 3 corridor.

The HFF team representing Russo Development was led by senior managing director Thomas Didio and associate director Michael Lachs.

“This project will be one of the most desirable ‘Class A’ luxury apartment communities in Northern New Jersey.

Russo Development has a long history of building high-quality, commercial and residential properties and we at HFF are pleased to have assisted in securing financing,” said Didio.

Bethany Beach, DE — HFF has arranged a $16 million refinancing for the leased fee interests at the Sea Colony Resort Community.

Working on behalf of Carl M. Freeman Associates, HFF placed the 10-yr, five percent fixed-rate loan with United Bank. Proceeds were used to repay existing financing and for general corporate purposes.

Sea Colony Resort Community has nine high-rise and two low-rise condominium buildings with one-, two- and three-bedroom units situated along one half mile of beachfront, plus hundreds of lowrise condominiums west of US Route 1, all in Bethany Beach.

Resort amenities include 12 pools, fitness center, private beach access and 34 tennis courts. Hundreds of long-term ground leases underlying the condos served as collateral for the loan.

The HFF team representing Carl M. Freeman Associates was led by managing director Mark Remington.

“CMFA took advantage of an improving financing environment to recapitalize this unique and extremely stable asset,” said Remington. n

MID ATLANTIC REAL ESTATE JOURNAL

NJPAGREEN BUILDINGS 9A — September 9 - 22, 2011 — Green Buildings — Mid

Atlantic Real Estate Journal

MAREjournal.com

For Dulles Corner Gateway in Herndon, VA

Cassidy Turley leads process to achieve LEED Gold Certification

H

ERNDON, VA — Dulles Corner Gateway has achieved the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design for Existing Buildings: Operations & Maintenance (LEED for Existing Buildings: O&M) Gold certification. LEED is an internationally recognized certification system that measures how well a building or community performs across all the met-

rics that matter most: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts.

Located at 2325 Dulles Corner Blvd., Dulles Corner Gateway is owned by Deka Immobilien Investment GmbH and managed by Cassidy Turley.

“The achievement of LEED certification at Dulles Corner Gateway is an outstanding

SEPTEMBER 9 - 22, 2011

HI-LIGHTS Environmental Design Group practices sustainable design

Dulles Corner Gateway milestone that has made a Dulles Corner Gateway is valuable impact on the North- an 11-story, multi-tenant office ern Virginia office market and building proximate to Dulles further demonstrates the value International Airport, and is of achieving a LEED EB certi- the first LEED for Existing fication in multi-tenant office Buildings: O&M project in the buildings,” said Evan Tyroler, suburban submarket of HernVP of sustainability services don. Cassidy Turley handled with Cassidy Turley. the day-to-day project man-

agement required to achieve the building’s LEED certification. Highlights of the project include: • Full building retro-commissioning and implementation of select energy conservation measures reducing the buildings energy consumption by 13.8% and CO2 emissions by over 318.53 metric tons • As a result of these energy conservation initiatives the building was awarded the EPA’s prestigious ENERGY STAR, the national symbol for superior energy efficiency and environmental protection • Upgrades to indoor plumbing fixtures, process water controls and the irrigation system led to significant reductions in potable water consumption • Achieved a targeted diversion rate of 100 percent electronic equipment and durable goods from entering the main waste stream. ■

For Mountain Lakes II in New Jersey

Grosvenor, Vision Equities achieve LEED Silver Core & Shell Cert.

EDG has been practicing sustainable design since 1972 and has an extensive portfolio of completed projects that have applied the principals of good environmental design including active and passive solar, energy efficient building. See Page 12A.

ALSO INSIDE: PETER DOO, DOO CONSULTING ........................................... 10A

MAREjournal.com

MOUNTAIN LAKES, NJ — Mountain Lakes Corporate Campus II has been awarded LEED Silver Certification for Core and Shell Development by the U.S. Green Building Council. Grosvenor Investment Management (GIM) and Vision Equities, LLC recently completed a $4 million redevelopment of this 66,000 s/f class A office building.

The fully redeveloped building has a gleaming new brick, granite, and architectural stone facade that complements the Neo-federal architectural theme of the campus. The building has a continuous window band with solar reflective glass provides excellent ambient light to the office space.

The building also has stateof-the-art mechanical and life safety systems.

Mountain Lakes II achieved LEED Silver status for key features, including an energyefficient HVAC system with

Mountain Lakes II energy recovery units and a controllable energy management system. All of the building’s mechanical and electrical systems were redesigned with sustainability in mind, and include sensor-controlled lighting, waterless urinals, and sensor-controlled restroom plumbing. The project was managed by Ross Chomik, VP

of acquisitions & development at Vision Equities. The consultants on the project were Daniel Topping, principal at NK Architects and Ed Iczkowski from EFI Commissioning and Shine Engineering. Construction was performed by Corporate Construction Services, managed by VP Matthew Della Rosa. ■

10A — September 9 - 22, 2011 — Green Buildings — Mid

Atlantic Real Estate Journal

MAREjournal.com

MAREJ GREEN BUILDINGS Customized Energy Reduction Plans • MEP/FP engineering including LEED • Building Commissioning including LEED • Energy engineering / audits / energy modeling • NJ Pay For Performance Partner / Carbon Abatement Program partner • PA Act 129 vendor • Federal Energy Tax Incentive partner • Infrared Testing • ASHRAE High Performance Buildings CertiÄed • Building Information Modeling (BIM) • MBE/SBE certiÄcation Contact: Jeff Gilbeaux P: 856-988-1890 Email: info@gilbeauxassociates.com PO Box 782, Voorhees, NJ 08043

The Mid Atlantic Real Estate Journal

ACTIVE CONSTRUCTION FIRMS

ATTENTION Tell business and industry leaders about your latest accomplishment with the: Mid Atlantic REAL ESTATE JOURNAL DEVELOPMENT OF THE MONTH Mid Atlantic has 25,000 monthly readers who you will reach with this promotion.

Call Joe Christman at (800) 584-1062/781-871-5298 ext. 202 jchristman@marejournal.com and schedule your insertion date

“Remember, one call to us means many calls to you.”

“Why should I hire a LEED consultant?”

A discussion on how and why to hire a LEED consultant

W

hy should I hire a LEED consultant?

My architect is a

project managers, on the other hand, are typically focused on a single project at a time.

The LEED project they are L E E D A P. working on today may give The first way to a non-LEED project question one on their next job, leaving subneeds to anstantial gaps of time between swer when one LEED experience and the considering next. The experience of LEED whether or project managers within denot to hire a velopment and property manLEED conagement companies varies and sultant is, Peter Doo, Partner, may be similarly periodic for “WHY hire Doo Consulting LLC project managers in smaller a LEED companies while those with consultant?” Indeed, with larger portfolios may have the increase of LEED Accred- dedicated groups that operate ited Professionals in architect, very much like in-house LEED engineering, contractor and consults for the company at property management offices, large. why would one consider enAnother reason that congaging a third-party LEED sultants can provide quality consultant? Here is a comment services is that LEED is conshared with me by a partner at stantly changing. Even within an engineering company. the effective dates of a LEED “Our experience is, when the version, there can be changes, architect tries to do LEED in- as occurred with the energy house, it is not done as well as requirements for LEED prior when it is handled by a LEED to Version 2009. There are consulting company.”- Hoff- also Pilot Credits that are isman Borowski Engineers sued for use as Innovation in This is certainly not always Design credits. People unfathe case but, let’s consider miliar with these changes may why this might be true. The miss opportunities to achieve fact is that LEED consultants valuable LEED points or may are focused on facilitating the simply miss readily available LEED process and manag- clarifications about existing ing the documentation on a credits. daily basis. A LEED project How do I choose the right manager may be working on LEED consultant? many projects at a time. Given If you are convinced that a the different phases of each LEED consultant is what you project, s/he is communicat- need, how does one go about ing with peers and contacts selecting one? Buyer beware! at the Green Building Certi- With the downturn in the fication Institute (GBCI) on building design and construca regular basis. The breadth tion markets, many architects, of project experience informs engineers and developmentall projects. This exposure related professionals have had provides the consultant with to reinvent themselves. Many a good understanding of issues have chosen the green building related to the achievement of market place as a niche. LEED specific credits, as well as the and energy-related consulting expectations of content and services have exploded. The format for the documentation. good news is that this has Architecture and construction created a competitive market-

place, full of knowledgeable professionals. The challenge is that the consumer has to be much more knowledgeable and sophisticated in their selection process.

Realize that LEED consultants come in all flavors.

People have come to this work from the fields of architecture, mechanical engineering, civil engineering, construction management, and professions entirely unrelated to design and construction. What are you looking for? Is your goal to maximize energy and water savings? Do you have a difficult site situation? Do you perceive unique opportunities for your project such as a green roof or the restoration of habitat? Is continued on page 14A

Green Awareness a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

MAREjournal.com

Section Publisher Joe Christman jchristman@marejournal.com

Publisher Dianna Mallozzi dmallozzi@marejournal.com

Section Editor Karen Vachon kjoy@marejournal.com

Advertise | Archives | Events | Reprints | Subscribe The most comprehensive source of commercial real estate news serving the Mid Atlantic Region

Visit our website to view upcoming commercial real estate events

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Buildings — September 9 - 22, 2011 — 11A

GREEN BUILDINGS

The electricity you need.

The power to get ahead.

No matter what kind of business you have, Hess Energy has an electricity solution that’s sure to work for you now and in the future.

From flexible pricing options to invaluable insights from our trading desk to unparalleled customer support, we make it easy to make the most informed electricity decision possible.

Let us help your business. Visit www.HessEnergy.com/Electricity or contact: Joseph Sasala Regional Sales Director jsasala@hess.com 732.750.6529 © 2011 Hess Corporation

Robert W. Welch Senior Sales Manager rwelch@hess.com 732.750.7052

Tim Connors Sales Manager tconnors@hess.com 718.304.1115

12A — September 9 - 22, 2011 — Green Buildings — Mid

Atlantic Real Estate Journal

MAREjournal.com

GREEN BUILDINGS Vegetated walls, Green Screens, & urban garden redevelopment

Environmental Design Group practices sustainable design with a signature approach

E

DG (Environmental Design Group) Architects, LLC has been practicing sustainable design since 1972 and has an extensive portfolio of completed projects that have applied the principals of good environmental design including active and passive solar, energy efficient building envelopes and use of sustainable materials.

In recent years, vegetated walls have become a signature of EDG’s approach to sustainable design. Integrating planters with railings and “Green Screens� on south facing facades help to break up the visual as well as thermal

East Village, Silver Srping, MD mass of a building. Vegetated walls change with the seasons and provide a colorful dy-

Georgia Avenue, Washington, DC

namic element to a building’s façade.

In the case of Eastern Vil-

lage, located in Silver Spring, MD, EDG’s vision was to transform the site, which

www.pfisterenergy.com

*' - **!

)/ "- /

' *' - G /$'$/4 *0)/ -*0)

$) 0- $)

*' - # -( '

ARE YOU LEADING THE WAY? LIST OF FASTEST-GROWING PRIVATE COMPANIES IN AMERICA

Pfister Energy, Inc. 80 East 5th Street Paterson, NJ 07524 Toll Free: 888.653.9984 letsgo@pfisterenergy.com

Solar Photovoltaics • Solar Thermal • Wind Turbines • Solar Lighting • Daylighting Geothermal • Rainwater Harvesting • Fuel Cell • Green Roofs • Energy Efficiency

was 95% impermeable prior to redevelopment, into an urban garden. This entailed transforming the parking lot in the center of the site to a garden and entry court yard, the incorporation of a “green screen� into the front facade with trellises supporting deciduous vines and a green “living� roof with plantings that provide rainwater runoff control and thermal protection. The “green screen� was applied over the existing facade to both transform the look of the building and to provide a solar screen in the summer months. Planters were incorporated with the railings allowing each resident to personalize their front porch.

Another recent example is 3 Tree Flats, located on Georgia Avenue in Washington, DC where the front façade features an insulated metal rain screen system and a vegetated green screen. The project achieved a Gold certification under the LEED ND pilot program. Green design features in addition to use of a vegetated green screen as an integral part of the façade include: •Being a transit oriented – 2 blocks from the Metro •Mixed use and mixed income development •Use of advanced energy modeling to create an energy efficient building envelope •Use of daylight modeling to save energy •Use of a “green roofâ€? system – both upper and courtyard roofs. â–

D V G B C ’s B u c k s hosts forum event PHILADELPHIA, PA – The Delaware Valley Green Building Council’s (DVGBC) Bucks Montgomery Branch will hosted the organization’s first DVGBC Forum. The forum was set up as an opportunity to learn about DVGBC and its new strategic initiatives including: a Green Schools Campaign, policy & advocacy work, partnering with the Greater Philadelphia Innovation Cluster (GPIC), and preparing for USGBC’s GreenBuild Conference, to be held in Philadelphia in 2013.

Attendees learned how to get involved locally, and had the opportunity to meet and network with branch leadership, members and staff. The took place at Associated Builders and Contractors in East Norriton. â–

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Buildings — September 9 - 22, 2011 — 13A

GREEN BUILDINGS

FULL SERVICE SOLAR

Trust your Solar Project to One of NJ’s Solar Founders, SUN FARM NETWORK, a Full Service Solar Project Developer!

For a Free Solar Evaluation and Site Survey Call: 908.782.4172 or Visit www.SunFarmNetwork.com Email: Info@SunFarmNetwork.com

14A — September 9 - 22, 2011 — Green Buildings — Mid

Atlantic Real Estate Journal

MAREjournal.com

GREEN BUILDINGS Headquarters Plaza in Morristown, NJ

Fisher Dev., Olnick Org.’s bldg. receives Energy Star Cert.

M

ORRISTOWN, NJ – Headquarters Plaza, the class A commercial buildings in downtown Morristown with 700,000+ s/f of office space, recently received ENERGY STAR certification from the Environmental Protection Agency (EPA) for the East Tower of its facility. The environmentally-significant designation means the East Tower meets strict energy efficiency guidelines set by the EPA and ranks among the top 25 percent of buildings in its category for energy conservation.

“We are proud to have our facility recognized as one of the most environmentally-friendly, energy efficient office buildings in the state,” said Brian Fisher, a principal at Fisher Development Associates, which developed Headquarters Plaza along with partner the Olnick Organization. “Pursuing this certification reflects our ongoing commitment to conserving resources and reducing our environmental impact.”

Headquarters Plaza is the first building in Morristown

Headquarters Plaza to receive ENERGY STAR in energy conservation of office certification, according to the buildings nationwide.

EPA. The tower is equipped ENERGY STAR certified with a sophisticated energy buildings must use 35% less management system designed energy and emit 35% less carto optimize energy efficiency bon dioxide than average buildwhile maximizing tenant com- ings in its category. Americans fort. High thermal comfort reduced their energy bills by and efficiency, indoor air qual- $18 billion in 2010 and reduced ity, lighting levels and energy greenhouse gas emissions by performance ratings helped the equivalent of those of 34 the building score a 79 on the million vehicles by participatENERGY STAR rating system. ing in the ENERGY STAR That places Headquarters program and using ENERGY Plaza in the top 21st percentile STAR certified products. ■

A discussion on how and why to hire a LEED consultant continued from page 10A the broad goal of sustainability or some elevated level of LEED your target? The answers to these questions are likely to point you to a consultant with a particular area of expertise.

Does the consultant have experience in the management of all of the documentation for LEED certification? Many people, consultants included, have yet to certify their first LEED project. Others have limited personal experience, i.e. they have worked on LEED-certified projects in their previous offices. Find out what specific experience the person assigned to your project has had. How many projects have they worked on? How many projects are certified?

What was their role?

Remember, always, that the most sustainable and most cost-effective solutions are those that are integrated throughout the project. A simple example of this is the exploitation of day lighting at the USGBC Headquarters building in Washington, DC. In this case, the carpet at the perimeter of the offices (along the window wall) was changed to a lighter color in order to more effectively reflect daylight into the building.

This simple no-cost change, reduces the amount and hours

of artificial light required.

The operational cost benefit will continue for the life of the project. Regardless of the consultant’s area of expertise, you want a consultant that can see the big picture and help you make decisions that save you money as well as protect the environment.

What services do you need?

A consultant can limit their services to document management, in which case the architect, engineer and contractor provide the documentation which the consultant reviews, assembles and submits to GBCI. The consultant can provide what I refer to as “enhanced documentation services” from providing drawing notes to compiling material data for construction credits.

This can reduce the effort on the part of the architect and contractor.

Be sure to coordinate the scope of the LEED services with your team so that you are not paying multiple team members to do the same job!

Are you doing the documentation yourself? Just want a little back-up? A LEED Consultant can provide services on an hourly basis acting as technical support to you or your team. In this case, be sure to hire someonewho knows more than you do and has the

relevant experience to be able to provide you with the answers you are unable to obtain yourself.

Why else should I hire a Consultant?

Another reason to consider using a LEED consultant is that this is an easy “carveout” – That is to say that it is work easily assigned to a third party. Whether the architect, contractor or developer, sometimes you may not have the capacity to do everything that needs to be done on a project to meet a schedule. LEED document management is a clearly identifiable scope of work. It does not require a great deal of coordination or supervision on your part. If fact, a good LEED consultant should ease the effort on the part of the project manager. Where minority or women business participation is required, a consultant can help meet these goals.

The next version of LEED (LEED 2012) is currently available for public comment.

This is the second public comment period so it is getting close to its final version. Your LEED consultant should be up to date on the changes and should be able to help you anticipate how to approach your future projects. ■ Peter Doo is partner at Doo Consulting LLC. ■

Tour & talk, Connecting people for business

EDANJ holds program on September 14th LIVINGSTON, NJ — The Economic Development Association of New Jersey (EDANJ) is offering a program to economic development professionals and municipal and business leaders in the fields of commercial real estate, finance and other diverse business community members.

Be briefed on the real facts about the current energy mix in the U.S. and internationally.

The program looks at energy costs in the U.S. compared with the rest of the world and presents PSEG’s approach to balancing future energy demands while minimizing the environmental impacts of climate change. The presentation includes information on nuclear energy and addresses topics like used fuel management, industry performance, safety and security, and new nuclear development. Also included is an update on Japan’s Fukushima Daiichi nuclear

facility and the impact on the U.S. nuclear industry.

The program in support of its mission, Connecting People for Business, will take place on Wednesday, September 14, 2011 from 10:00 AM to 2:00 PM (includes lunch).

According to Frank Lucchesi, EDANJ president, ”following the briefing at the Energy & Environmental Resource Center (EERC), attendees will take a driving tour of the perimeter of PSEG’s Salem & Hope Creek Nuclear Generating Stations. Stops include the Hope Creek cooling tower, security range, used fuel storage pad and site of a potential new nuclear plant.”

This is a rare opportunity with limited registration and pre-registration is required.

Cost for the program including lunch is $35 per person (members) and $45 per person (non-members). More information and easy online. ■

Walters Group applies technology to operate security systems & solar farm STAFFORD TOWNSHIP, NJ — Walters Group has applied machine-to-machine (M2M) technology to modernize the management of its operations.

The firm has been recognized as an M2M success story and Ed Walters, Jr. was invited

by Verizon Wireless to tout the benefits of wireless M2M connectivity services at an employee-training seminar.

M2M is a technology, which allows electronic devices to communicate with each other via IP-based networks. Those devices can include video surveillance and security solutions, remote sensors, utility meters, appliances and routers.

“The Walters Group is a realworld example of a company using wireless technology – in this instance a machine-tomachine application enabled

by Verizon Wireless’ reliable network – to dramatically improve efficiencies and minimize costs,” said Joe Chuisano, regional director of business sales for Verizon Wireless’ Philadelphia region. “We’ve only just begun to scratch the surface in terms of the capabilities that can be leveraged utilizing our technology and the Walters Group’s innovative focus on creating a wirelessly connected business environment that enables remote monitoring of their se-

curity systems and solar power operations.”

Walters Group is currently building one of the state’s largest solar projects at Stafford Park by constructing a 6.5-megawatt solar farm. The firm plans to install 27,066 solar panels to be set in 1,041 arrays, or stands, sitting atop 35 acres, part of the company’s 350-acre business park that already includes commercial, residential and office space.

When the solar park is completed in 2014, power usage data will be collected and sent to a receiving device. As a result, arrays will be managed and controlled remotely.

Another use for M2M technology lies in security. By applying M2M technology, Walters has the ability to transmit data over a high-speed link from CCTV cameras via a wireless network. “Rather than have 24-hour streaming video that can be cumbersome to watch and track, you can have it triggered so that every time something moves in front of the camera, a report is generated. It’s one machine talking to another machine and producing data that can be analyzed,” added Walters.

Consequently, security can be heightened at Walters’ retail and multi-family sites. In a model home, for example, assets are protected, and in a multi-family unit, entrances are secured. An application on a smart phone device could allow a person to wave their phone in front of a door, creating a keyless entry.” ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Buildings — September 9 - 22, 2011 — 15A

GREEN BUILDINGS Cumberland Mall anchor store to generate over 900 kWh

Danza Energy Group begins construction on solar energy array installation on roof

V

INELAND, NJ — Construction began recently on a $4 million, 962 kilowatt solar array that will span the roof of one of the nation’s last familyowned department stores, an official with Danza Energy Group said today.

“This will be a great moneysaver for Boscov’s at Cumberland Mall,” said A.J. Danza, CEO of The Danza Group.

“Boscov’s is thinking forward, and this installation is a testament to the management of the company.”

Construction on the array began in May, Danza said, by IPP Solar of New York. The

project is slated to finish in mid-July.

“In all,” Danza said, “the solar array will cover about 100,000 s/f on the roof of the Boscov’s building.” Danza said the system weighs about six pounds per square foot, and that the entire array weighs about 600,000 pounds.

But there’s a lot of energy packed into that square footage, said Paul Jeun, cofounder of IPP solar. “The average home uses about 5 kilowatts of energy per year,” he said. “This array is rated at more than 900 kilowatts

– or enough to power about 190 homes for a year.”

Robert Roman, mayor of Vineland, said that his city is leading the way with solar projects in the state. “We’re the only municipality in New Jersey that generates electricity,” the mayor said. “And Vineland is a huge supporter of solar power. We’re a gogreen city.”

Romano said the solar array has had a positive impact on Vineland. “It’s great for the city, and it’s great for Boscov’s,” he said. “And we were happy to help it get approved for the city.”■

Jarmel Kizel provides LED lighting energy solutions LIVINGSTON, NJ — Jarmel Kizel Architects and Engineers, Inc. is currently working on an energy solutions project on behalf of NJ’s Department of Property Management and Construction (DPMC) and Liberty State Park in Jersey City.

After careful review of the energy consumption at Liberty State Park, the DPMC began looking for an energy solution that was both cost effective and environmentally responsible. A solution for the approximately 1,200-acre open space park has been made to replace the existing lighting in over 150 light poles with new LED lighting. These light poles line the walkways along the New York harbor and are a source of light for the park’s visitors.

In addition, approximately 50 light poles in the picnic areas will be upgraded with newer poles that are similar to the existing poles found along the harbor.

Jarmel Kizel also will be adding lighting controls to the new poles to further increase energy savings. Jarmel Kizel’s Energy Solutions team is providing architectural, as well as structural, civil and electrical engineering design services for this project. The field survey is complete and the project has moved into the design and construction drawings phase.

The project is expected to be completed later this year. ■

The opportunity to attract large borrowers has never been better! A little known SBA guideline – Multiple 504 Green Loans – allows larger borrowers* to make multiple loans up to $5.5 million each, who would not otherwise qualify for the SBA504 loan program. And with Seedcopa facilitating the loan process, it takes just 45 days from handshake to closing.

Find out more.

1.888.348.1192

For additional contact information, scan with QR reader on your mobile device

seedcopa.com * Higher tangible net worth and income requirements: $15M & 5M, respectively)

16A — September 9 - 22, 2011 — Green Buildings — Mid

Atlantic Real Estate Journal

MAREjournal.com

GREEN BUILDINGS

:332 1=<AC:B7<5 Â&#x2022;

T]` \Se O\R SfWabW\U PcWZRW\Ua

1]ab STTWQWS\b ab`ObSUWSa T]` QS`bWTWQObW]\

31=:=5G (( 31=<=;G (( 3?C7BG

2]] 1]\acZbW\U j #! >WQQORWZZg /dS 0OZbW[]`S ;2 " 3[OWZ( ^SbS`.R]]Q]\acZbW\U \Sb ESPaWbS( eee R]]Q]\acZbW\U \Sb >V]\S( ""! "$! #&#'

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 17A

MAREJ MONTHLY SALES AND LEASE REPORT As Reported In The Mid-Atlantic REAL ESTATE JOURNAL ~ AUGUST 12 - SEPTEMBER 9, 2011 PROPERTY NAME

ADDRESS

3045 Avenue B Ashbridge Square Stroud Commons Retail Cnt. Rte. 209 375 East Elm Oesterling Dr

Bethlehem, PA Downington, PA Stroud Twp, PA

2 Oesterling Dr 20 Oesterling Dr 2600 Eisenhower Ave 2449 W. Philadelphia St. Central PA Region 3650 Hartzdale Dr 8118 Adams Dr 5570 Derry St. 20 Erford Rd. 2330 Vartan Way 854 S 16th St. 7800 Linglestown Rd. 1240 Harrisburg Pike 5110 Lancaster St. 100 Church St. 4700 Westport Dr. 4713 Carlisle Pike Three Logan Square Lycoming County 4595 West Market St. 246 N. George St. 2033 South Queen St. 1805 Loucks Rd. 3524 Delta Rd. 64 Leigh Dr. 2115 Alpha Dr. 2005 Technology Pkwy.

1805 Loucks Rd. 250 Fame Ave. 2040 East Market St. 34 North Beaver St. 1006 Hanover Ave. 1036 North Godfrey St. 741 N. Cedar Crest 941 Marcon Boulevard 2760 Brodhead Rd. 2340 Emrick Blvd.

515 Linden St. 511 S. Fawn St. 2895 Hamilton Blvd.

3620 MacArthur Rd. 670 Belleville Tpke.

112-128 East Fort Lee Rd. Bergen County Bergen Country 2 Osborne Terrace 17 Rte. 208 330 Franklin Tpke.

Mahwah 9 Polifly Ave. 18 Delar Pkwy 570 Broad St. 22 Jackson Dr. Homestead Rd. 105 Challenger Rd. New Brite Plaza 405 E. Marsh Ln. 5601 Fishers Ln. 11031 McCormick Rd. Sunset Lake Commons Compass Bank McCarter Plaza Laundromax 3509 Blvd.

Creighton Crossing Brook Run 4346 S. Laburnum Pk. 3045 York Rd. 10161 Lincoln Hwy. South Hanover SC 220 W. Plank Rd. 228 S. Blakely St. Flemington Cir. Supercenter Plaza Shippensburg SC W. Valley Market Pl. Wal-Mart SC Gran Court Village 112-118 E. Fort Lee Rd.

Reading, PA Reading, PA Valley Forge, PA York, PA Central PA Camp Hill, PA Hummelstown, PA Harrisburg, PA Lemoyne, PA Harrisburg, PA Harrisburg, PA West Hanover, PA Harrisburg, PA West Hanover, PA Millersburg, PA Lower Allen Twp., PA Hampden Twp., PA Philadelphia, PA Muncy Township, PA York, PA York, PA York, PA York, PA Airville, PA York, PA York, PA York, PA York, PA Hanover, PA York, PA York, PA Allentown, PA Allentown, PA Allentown, PA Allentown, PA Bethlehem, PA Bethlehem, PA Allentown, PA Allentown, PA Allentown, PA Whitehall, PA Kearny, NJ Bogota, NJ Fairview, NJ Fort Lee, NJ Newark, NJ Fair Lawn, NJ Mahwah, NJ Mahwah, NJ Hackensack, NJ Franklin Park, NJ Newark, NJ Cranford, New Jersey Hillsborough, NJ Ridgefield Park, NJ New Britain, CT Newport, DE Rockville, MD Hunt Valley, MD Raleigh, NC Phoenix, AZ Newark, NJ Dalton, GA Colonial Hts., VA Mechanicsville, VA Richmond, VA Richmond, VA Gettysburg, PA Bedford, PA Hanover, PA Altoona, PA Dunmore, PA Flemington, PA Lewistown, PA Shippensburg, PA Allentown, PA Newberry, Twp., PA Trenton, NJ Bogata, NJ W. New York, NJ

SELLER/ OWNER/ LESSOR

REP. OF SELLER/ LESSOR

Pendleton Associates

BUYER/ TENANT/ LESSEE

CBC Pennco RE Beacon Commercial RE Beacon, NAI Keystone & Prudential Landis Beacon Commercial RE Sailer Stone & Stucco, L.P. BioMed Realty Trust CBC Bennett Williams Commercial Realty Bobincheck & Heller Evergreen Property Trust Landmark Landmark CX Media LLC The Vartan Group Landmark Landmark Blue Beacon International The Bill Gladstone Group Avatar Income Fund I, LLC The Bill Gladstone Grp. The Bill Gladstone Grp. NAI CIR NAI CIR Robin Richard Realty Brandywine Realty Trust Latus Commercial Realty ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE High Associates ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE Colliers International Berger-Epstein Assoc NAI Summit NAI Summit NAI Summit NAI Summit NAI Summit NAI Summit NAI Summit NAI Summit Cushman & Wakefield Gebroe-Hammer Gebroe-Hammer Gebroe-Hammer CB Richard Ellis NAI James E. Hanson NAIJames E. Hanson Raia Properties NAI Gerber/Somma Baldassare & Mara, LLC Carl Berger Associates Larken Associates Newmark Knight Frank WP Realty HDC HHA JBG Cos. NKF Glencoe Props. II Blue & Obrecht J&H of Holly Springs Marcus & Millichap Marcus & Millichap Marcus & Millichap Marcus & Millichap Pershimam Four Brook Run 6A Laburnum Park Girl Scouts Everette Mgmt. Grp. South Hanover Ptrs.

Lawruck Realty Gumberg Assoc.

Flemington Retail One Oak Grove Holdings Hill Mgmt. Svcs.

Developers Diversified Newberry Point

PRICE

Marine Toys for Tots Fdn Marcus & Millichap CBC Pennco RE

Brodheadsville, PA Conshohocken, PA Reading, PA

REP. OF TENANT/ BUYER

Taylor Long Props.

Taylor Long Props.

Taylor Long Props.

CBC Bennett Williams

CBC Bennett Williams CBC Bennett Williams

NAI CIR The Kislak Co. East Fort Lee Road Corp. Gebroe-Hammer Marcus & Millichap

Marcus & Millichap Teresa Mickens TKC Land Development II Beacon Commercial RE Beacon, NAI Keystone & Prudential Landis

$52m $4.45m $1.3m $4m

Kreitz Construction Services Kreitz Construction Services Ferrandino &Son, Inc. CBC Bennett Williams

Patio Enclosures Inc.,

Five Star International LLC

Landmark NAI CIR Landmark Andrew Kohr, Thomas Posavec Landmark NAI CIR

Blue Beacon International Active Networks LLC R.M.L. Warehousing Corp Fastenal Co. Sofa Discounters Susan Woska

Regal Dance Systems

$1.335m $1.225m $250,000

The Bill Gladstone Group NAI CIR Janney Montgomery Scott LLC Prudential Hodrick Realty ROCK Commercial RE $625,000 ROCK Commercial RE $65,000 Keystone Services Systems $365,000 ROCK Commercial RE T’s Welding & Fabrication LLC Pro Conveyor, LLC ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE ROCK Commercial RE

Print Happy, LLC Oscar Murillo, MD Allie & Donham, LLC Senecal Software, LLC Leah Financial Valleywide RE Colliers International CBC Feist & Feist Realty Tyler Chomik Michael Adams Rettew Associates Michael Adams Versalift East Building Controls NAI Summit Jay Haines Jay Haines NAI Summit United Tax Solutions NAI Summit Dunkin Donuts Terreno Realty Corporation

Charles Berger

Interstate 330, LLC Anthony Cassano Vito DeGennaro Berger Organization

$215,000 $2.5m

$575,000 $490,000

SIZE

$2.68m

L S S

10A FC-C FC-C

40,000 s/f 31,000 s/f 42,484 s/f

Retail Off Flex

S S S

FC-C 2C 2C

31,682 s/f 10,800 s/f 11,185 s/f 2,008 s/f 70+ Units 11,690 s/f 9,000 s/f 2,200 s/f 1,470 s/f 1,199 s/f

Ice Rink Flex Off Off Multi-Family Flex Flex Retail Off Off Mixed Mixed Mixed Mixed Off/Ware Ware Mixed Mixed Mixed Ware Mixed Comm Off Industrial Industrial Industrial Off Off Off Off Off Comm Off/Flex/Ware Gas Station Flex Ware Flex Condo Flex Condo/Off Retail Industrial Mixed Mixed Off Mixed Mixed Off Off/Flex 2,398 s/f 18 Unit Mixed 69,000 s/f 50,000 s/f 150,000 s/f Retail Industrial Mixed-Use

S S L S S L S L L L S S S S S L L L S S S S L L L L L L L L L S L S L L L S L S L S S S S S L S S Off Mixed L Mixed Mixed Off S L L S S S S S S L L S S S L L L L L L S L S S S

2C 2C 2C 2C 3C 3C 3C 3C 3C 3C 3C 4C 4C 4C 4C 4C 4C 4C 4C 18C 18C 18C 18C 18C 18C 18C 18C 18C 18C 18C 18C 18C 18C 19C 19C 19C 19C 19C 19C 19C 19C FC-B FC-B FC-B FC-B 2B 2B 2B 2B L S 3B S L S 2A 5A 5A 5A FC-B 2B 3B 3B 3B 3B 3B 3B 4B 4B 4B 4B 4B 4B 4B 4B 13B 13B FC-C 16C 16C

4,100 s/f 8,7000 s/f 15,850 s/f 3,839 s/f 3,500 s/f 146,321 s/f 34.9 Acres 7,376 s/f 6,750 s/f 6,424 s.f 5,885 s/f 5,136 s/f 5,000 s/f 4,000 s/f 3,148 s/f 2,663 s/f 2,397 s/f 1,500 s/f 766 s/f 50,000 s/f 7,500 s/f 2,000 s/f 7,200 s/f 16,000 s/f 2,370 s/f 12,765 s/f 3,730 s/f 3,000 s/f 211,000 s/f 44 Units 19 Units 6,000 s/f 60 Unit 12,225 s/f 5,000 s/f 29,050 s/f

SDK Apartments, LLC 2,360 s/f $3.9m

GSA, Studley TriAlliance Marcus & Millichap Marcus & Millichap

Luck Lady Folly Gifts Nicole Worley Just Because Gift Shop Vanhoutte Ent. Wireless Ctr. Little Ceasers Verizon Verizon Five Guys Burgers Wireless Ctr. Bizwop Firestone Brother’s Pizza

Taylor Long Props.

CBC Bennett Williams CBC Bennett Williams CBC Bennett Williams CBC Bennett Williams CBC Bennett Williams CBC Bennett Williams CBC Bennett Williams ERB The Kislak Co. Gebroe-Hammer Marcus & Millichap

$12.815m $3.175m $3.3m $765k $305k

$275k $300k

156,956 s/f 55,960 s/f 490,998 s/f 5,742 s/f 192 Unit 4,500 s/f 12,000 s/f 6,000 s/f 3,600 s/f 1,213 s/f 1,360 s/f 810 s/f 3600 s/f 2700 s/f 1200 s/f 3,320 s/f 2,200 s/f 2,500 s/f 4,060 s/f 1600 s/f

$750k $4.85m $3.6m $915k

PG

Mixed Retail Retail

Raider Realty

Tile Market GSA RLT Ptrs.

The Rosen Grp.

S/L

6,720 s/f 386,016 s/f

$185,000 $32.6m $3.6m $1.9m $750,000 $2.025m

DESC.

2,000 s/f 63-unit 44-unit 13-unit

Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Multi-Family Multi-Family Multi-Family

2B 3B 5B 5B 13B

18A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

PEOPLE ON THE MOVE Colliers International names

Kaplin, Glazer, Korn and Broseman

Peers select Kaplin Stewart for inclusion in The Best Lawyers

Partners Hass & Haus principals & Brocato VP

B

LUE BELL, PA — Marc B. Kaplin, Ronald B. Glazer, Robert A. Korn and George W. Broseman, of Kaplin Stewart in Blue Bell, were recently selected by their peers for inclusion in The Best Lawyers in America 2011.

Kaplin in the field of Land Use & Zoning Law and Litigation – Land Use & Zoning, Glazer in the field of Real Es-

Marc Kaplin Ronald Glazer tate Law, Korn in the field of Construction Law and Brose-

Robert Korn George Broseman man in the field of Land Use & Zoning Law. ■

Plaisted joins Studley’s Washington office WASHINGTON, DC — International commercial real estate services firm Studley announced that industry veteran and top tenant broker, Ben Plaisted, has joined t h e f i r m ’s Washington, Ben Plaisted DC office.

“We are very pleased to announce that Ben Plaisted has joined Studley’s Washington DC office as corporate managing director, a senior brokerage position at our firm,” said executive vice president and Board Member David Lipson.

“Over the last several years,

Ben has risen to the top of the tenant brokerage ranks and we could not be more excited about his move to head up a new dynamic team at Studley.

This is an important step in our continuing efforts to expand our office by attracting leaders in the industry.”

Plaisted will continue to serve law firms, non-profit organizations, associations and government contractors in developing and implementing effective real estate strategies.

To date, Plaisted has completed more than 2.5 million s/f of transactions for notable clients including T-Mobile, Caplin & Drysdale, Stinson Morrison Hecker LLP, the American Sociological Associa-

tion and the Center for Global Development.

Prior to joining Studley, Plaisted served as a vice president at Grubb & Ellis, in Washington DC, where he exclusively represented local and national organizations and companies in leasing and purchasing office space. The firm honored Plaisted with the Rising Star Award in 2009.

He spent his early years at CresaPartners, also in Washington DC. Plaisted received his Bachelor of Arts degree in political science from California State University. He is a LEED Accredited Professional and a licensed real estate professional in Maryland and Washington. ■

Becker Morgan Group welcomes three new employees The Architectural / Engineering firm of Becker Morgan Group, Inc. recently welcomed new staff members to their team.

Susan C. Kotra joins the Salisbury, MD office as a Receptionist and will provide administrative support. She is a graduate of the University of Utah with a Bachelor of Arts in German.

Shirley M. Lynch joins Becker Morgan Group as an Accounts Receivable Manager in the Salisbury, MD office. Shirley brings over 21 years of experience including

Susan Kotra

Shirley Lynch

office management, administrative support, and accounts payable/receivables.

Sarah A. Linzey joins the Salisbury, MD office as a Graphic Designer. She

Sarah Linzey

graduated with a Bachelor of Fine Arts in Graphic Design from Salisbury University. L i n z e y w i l l p r o v i d e graphic support for all three offices. ■

BPG Properties, Ltd. promotes Montemarano & Lohmann WASHINGTON, DC — BPG Properties, Ltd. the private equity real estate fund managers, announced that Anna Montemarano has been named as regional portfolio manager and Mercedes Lohmann as property manager in the Washington DC Regional office of BPG Management Company, L.P., BPG’s property management operating affiliate. Both Anna and

Mercedes will be in charge of day-to-day property management of BPG’s portfolio in Virginia and Maryland, which includes more than 1.5 million s/f of office and industrial properties.

BPG Management Company currently manages more than 10 million s/f of commercial space along the East Coast.

“Anna and Mercedes bring

over 20 years of combined property management and marketing experience to BPG Management Company,” said Douglas G. Hoffman, president of BPG Management Company, L.P. “I am thrilled to welcome both Mercedes and Anna to the firm, where their extensive industry experience will help provide the highest quality of service to our tenants.” ■

Matthew Haas

Kevin Haus

BALTIMORE, MD —Colliers International, a full-service commercial real estate firm, named partners Matthew J. Haas, SIOR, and Kevin J. Haus managing directors and principals. Haas and Haus, formerly of Manekin LLC, specialize in leasing and selling office and flex real estate throughout the Baltimore region.

“For close to a decade, the Baltimore region has recognized Matt and Kevin as being the premiere office team. Their combined knowledge will further strengthen Colliers, while the Colliers International name will provide them with valuable resources,” said Timothy R. Hearn, CEO of Colliers International in Baltimore.

Matthew J. Haas, SIOR, previously was vice president of Manekin LLC after serving as president of Haas Tailoring Company, his more-than-100years-old family business. As a commercial real estate broker, Haas has represented clients including XLHealth Corp., University of Maryland Medical System, United Way of Maryland, ViPS, Hogan Lovells LLP and Frontier MEDEX. CoStar recognized Haas as Power Broker of the Year for four years in a row, while the Baltimore Business Journal recognized him among the Top 25 Real Estate Brokers in Baltimore for seven years.

His community service activities include serving as board member for United Way of Central Maryland and board member for United Cerebral Palsy of Maryland. Haas graduated from the University of Maryland, College Park. He lives in Stevenson, MD. Kevin J. Haus previously was vice president of Manekin LLC and has more than 20 years of experience in commercial real estate. He has represented clients including Kelly & Associates Insurance Group, Zynga, United Way of Central Maryland and Meritain Health. Haus is a member of the Maryland Association of Realtors, National Association of Realtors and National Association of Industrial

Vincent Brocato

and Office Parks.

He graduated from the University of North Carolina at Chapel Hill. He lives in Lutherville, MD. Colliers International also named Vincent M. Brocato vice president. Brocato joins the full-service commercial real estate firm with more than 23 years of experience in tenant and landlord representation in Baltimore.

Timothy R. Hearn, CEO of Colliers International in Baltimore, said, “We are excited about the opportunity to have someone of Vince’s character and work ethic join our company. For over two decades, I have observed Vince’s success in the commercial real estate industry, and we look forward to providing him with a strong platform for his clients and customers.”

Prior to joining Colliers International, Brocato worked in commercial real estate in Baltimore and the BaltimoreWashington corridor. He has represented clients including Mercy Health System, Johns Hopkins University School of Public Health, The Weinberg Foundation, Alter Communications and Baltimore Healthcare Access among others.

Brocato’s significant transactions include the 100,000 s/f, $6 million sale of 200 E. Lexington Street in Baltimore, a 40,700 s/f, $4.4 million purchase of 7130 Minstrel Way in Columbia, and the purchase of a 40,300 s/f, $4.25 million former Giant Food at 1734 York Road in Lutherville, MD. In addition, he has represented class A office buildings in Baltimore City for landlords including Clark Enterprises Inc., Franklin St. Properties and LaSalle Investment Management.

Among his community service activities, Brocato serves as a board member for Catholic Charities Dragon Boat Races and an associate board member for Mosaic Community Services.

In addition, he is a commissioner for Towsontowne Lacrosse and fundraising volunteer for Gilman School. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 19A

MID ATLANTIC REAL ESTATE JOURNAL AUCTIONS

ABSOLUTE AUCTION Former HOLIDAY INN PARKWAY EAST

PROPERTY SOLD ABSOLUTE TO THE HIGHEST BIDDER!!

FRIDAY, OCTOBER 14, 2011 AT 10:00 AM 1/2 MILE FROM INTERSECTION OF ENON AND CRANES'S CORNER ROAD ON RT. 1 NORTH (CLOSE TO 1100 JEFFERSON DAVIS HIGHWAY) STAFFORD COUNTY, FREDERICKSBURG, VA 22405 ONLY $100,000 SUGGESTED OPENING BID! 58 ACRES +/- OF VALUABLE RAW LAND FRONTING I-95 & RT. 1 IN STAFFORD COUNTY! To settle the Estate of Larry V. Cook

Great Buying Opportunity!

Easy access, 9 floors, 1.9 acres, 250 parking spaces, 3 Passenger and 1 freight elevator.

To be sold absolute above $999,000

Auction Sept. 20 @ 1pm #AU003301L

• 58 +/- acres of raw land with over 1/2 mile of frontage on I-95 and over .3 mile of frontage on Rt. 1 (known as Taylor Bott Industrial Park) • Property is zoned M-1 (Light Industrial) and loaded with potential • Traffic counts on I-95: 122,000 vehicles per day Rt. 1: 17,000 vehicles per day • Tax Map 38-15

On St ly $ ar 10 tin 0, 0 g Bi 00 d! !!

• Property well is located on Rt. 1 between Exit 136 (Centreport Pkwy/ Stafford Regional Airport) and Exit 140 (Stafford Courthouse). Only 43 miles from Washington, DC and 67 miles North of Richmond, VA • Stafford Regional Airport is within 5 minutes, and is capable of accomodating corporate aircraft with 5,000 ft. runway

ATTN REALTORS: Pre-registered (by 5 pm 10/13/11) broker participation is encouraged and compensated!!

Please contact Mr. Kelly Strauss for more information Nicholls Auction Marketing Group www.nichollsauction.com (540.226.1279)

Harry Davis Real Estate www.harrydavisrealestate.com 412-521-1170

VAAF 729

Mid Atlantic REAL ESTATE JOURNAL

Auctioneers Directory

N E W J E R S E Y • P E N N S Y LVA N I A • D E L AWA R E • M A R Y L A N D • W A S H I N G T O N D . C . • V I R G I N I A •

PA-MD-VA-W.VA

NJ & PA

NJ-PA-DE-NY-MD-VA

212-213-9770 www.sheldongood.com/jerseycity.php

AUCTIONS NE, LLC

CALL NOW FOR A FREE CONSULTATION

CALL TODAY! NJ-PA-DE-MD-VA

866.4 BIDDERS HURLEY AUCTIONS www.HURLEYAUCTIONS.com

©2008 Sheldon Good & Co. Auctions NE, LLC

REAL ESTATE JOURNAL The Most Comprehensive Source For Commercial Real Estate News

Linda Christman, Publisher Ph: 800-584-1062 x 203 Fax: 781-871-5299 lchristman@marejournal.com www.marejournal.com P.O. Box 26 Accord, MA 02018

MD-DE-VA

20A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

COMMERCIAL REAL ESTATE ORGANIZATIONS’

EVENTS CALENDAR SEPTEMBER 9 – ABC EASTERN PA Event: Wilkes-Barre & Scranton Legislative Breakfast Time: 9:00 AM Location: The Mountain Laurel Resort Address/City: Rte. 940, White Haven, PA P: 610-279-7777 E: rkelsh@abceastpa.org www.abceastpa.org

SEPTEMBER 14 – ULI PHILADELPHIA Event: Pocono Northeast Council Renewable Energy Forum Time: 4:00 PM – 6:30 PM Location: Pocono Raceway Address/City: 0 Long Pond Rd., Long Pond, PA P: 800-321-5011 www.philadelphia.uli.org

SEPTEMBER 12 – IREM DELAWARE VALLEY Event: 23rd Annual Golf Outing Time: 11:30 AM Location: Rivercrest Golf Club Address/City: 100 Golf Club Dr., Phoenixville, PA Cost: $209 per player/Dinner only $60 P: 856-786-9260 E: admin@irem3.org www.irem3.org

SEPTEMBER 14-17 – CREW WASHINGTON DC Event: 2011 CREW Network Convention & Marketplace Location: Gaylord National Hotel & Convention Center Address/City: Washington, DC Cost: $725 Members $1250 Nonmembers E: crewnetworkevents@crewnetwork.org www.crewnetwork.org

SEPTEMBER 13 – ABC BALTIMORE Event: “A Very Green Network” – Green Committee Connector Time: 4:30 PM – 7:00 PM Location: Miller’s Court Address/City: 2601 N. Howard St., Baltimore, MD Cost: $25 Members $35 Nonmembers P: 410-821-0351 E: bjohnson@abcbaltimore.org www.abcbaltimore.com

SEPTEMBER 15 – BOMA PHILADELPHIA Event: Toby Dinner Time: 5:30 PM – 8:30 PM Location: The Union League Address/City: 140 S. Broad St., Philadelphia, PA Cost: $80 Members $95 Nonmembers P: 215-567-1775 E: kgahres@bomaphila.com www.bomaphila.com

SEPTEMBER 13 – IOREBA Event: 10th Annual RealShare NJ Location: Hyatt Regency Address/City: New Brunswick, NJ www.ioreba.com SEPTEMBER 13 – IREM NJ Event: Heritage Night Time: 6:00 PM Location: The Palace at Somerset Address/City: 333 Davidson Ave., Somerset, NJ Cost: $65 Members $75 Nonmembers P: 856-303-0190 E: irem1@comcast.net www.irem1.org SEPTEMBER 14 – CORENET NJ Event: Emerging Technologies Impact upon Urbanization & the Workplace Time: 8:30 AM – 10:15 AM Location: Metro Top Plaza II Address/City: 111 Wood Ave. South, Iselin, NJ P: 973-992-6773 E: execdir@corenetnj.org www.corenetnj.org SEPTEMBER 14 – CIRC DE Event: Monthly Membership Meeting Time: 11:00 AM – 1:30 PM Location: Clarion Belle Hotel Address/City: 1620 N. DuPont Hwy, Wilmington, DE Cost: $30 Members $40 Nonmembers P: 302-633-1705 E: janet@circdelaware.org www.circdelaware.org SEPTEMBER 14 – POA NJ Event: Hot Topics in Fair Housing Time: 6:30 PM Location: The Wilshire Grand Hotel Address/City: 350 Pleasant Valley Way, West Orange, NJ Cost: Members Free/$35 Nonmembers P: 732-780-1966 www.poanj.org SEPTEMBER 14 – SIOR PA Event: 9th Annual Eastern PA Industrial Property Summit Location: Hershey Country Club Address/City: Hershey, PA E: kneiderer@ipg-cir.com www.siorphila.com

CCIM

(Certified Commerical Investment Member)

www.ccim.com

www.philadelphia.uli.org

SEPTEMBER 16 – ABC BALTIMORE Event: LEED Breakfast Series: The International Green Construction Code Time: 8:00 AM – 9:30 AM Location: ABC Baltimore Address/City: 1220B E. Joppa Rd., Suite 322, Towson, MD Cost: $15 Members $25 Nonmembers P: 410-821-0351 E: bjohnson@abcbaltimore.org www.abcbaltimore.com SEPTEMBER 15 – ULI NNJ Event: The State of Today’s Real Estate Capital Markets Time: 9:00 AM – 11:30 AM Location: Rutgers University/Bloustein School Address/City: 33 Livingston Ave., New Brunswick, NJ E: marawinokur@uli.org www.nnj.uli.org SEPTEMBER 19 – NAIOP NJ Event: Jeffrey J. Siegel Golf Classic Time: 10:00 AM – 8:00 PM Location: Trump National Golf Club Address/City: Bedminster, NJ P: 703-904-7100 www.naiopnj.org SEPTEMBER 20 – SMPS CENTRAL PA Event: BIM: Separating Reality from Myth Location: Alexander Building Construction Co. Address/City: 315 Vaughn St., Harrisburg, PA Cost: Members Free/$10 Nonmembers E: president@smpscentralpa.org www.smpscentralpa.org SEPTEMBER 21-23 – AIA NJ Event: AIA Tri-State Conference Location: Bally’s Atlantic City Address/City: Atlantic City, NJ Cost: $450 P: 609-393-5690 E: info@aia-nj.org www.aia-nj.org SEPTEMBER 22 – IREM SNJ Event: Chapter Dinner Meeting & Election of Officers Location: Villari’s Lakeside Restaurant & Bar Address/City: Sicklerville, NJ P: 856-829-8939 E: admin@irem101.org www.irem101.org

DVGBC

(Delaware Valley Green Building Council)

www.dvgbc.org

POA New Jersey

(Property Owners Association of New Jersey)

www.poanj.org

ABC

(Associated Builders & Contractors)

www.abc.org

MBA

Mortgage Bankers Association of New Jersey

www. mbanj.com

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 21A

MID ATLANTIC APPRAISAL

BUSINESS CARD SERVICE DIRECTORY

COMMERCIAL REAL ESTATE

ELECTRICAL CONTRACTOR Phone: 732.360.9050 Fax: 732.360.0469 www.lunarelectric.com

Art Campbell, President art@acampbell.net Ph: (717) 737-6161 ŏ )D[: (717) 737-9640

ENVIRONMENTAL

ENGINEERING

ELECTRICAL CONTRACTOR, INC.

RON GIAMBRONE ! PO BOX 777 ! OLD BRIDGE, NJ 08857 COMMERCIAL ! RESIDENTIAL ! DATA/COM NJ LIC# 10775 EMAIL: ron@lunarelectric.com INSURED & BONDED

ENVIRONMENTAL ENGINEERING

ENVIRONMENTAL SYSTEMS P.O. Box 1181, Pt. Pleasant, N.J. 732-892-8707 EXPERTS IN ENVIRONMENTAL REMEDIATION Groundwater Investigation & Remediation Environmental Phase I & II Audits Oil Tank Testing/Removal Indoor Air Quality/Mold Testing

NJDEP Permits (Air, Water, Wetlands) Brownfields Development Professional Testimony Statewide Service Geoprobe Services ISRA/ECRA

WWW.DEPENVIROSYSTEMS.COM

INTERIOR PLANTING & DESIGN

LAUNDRY SERVICES

LEASING & MANAGEMENT

Call Fowler today to find out how we can make your laundry room more profitable.

800-334-1824 X127

George D. MacBeth President Northern New Jersey

Commercial Mortgages / Business Loans Construction Loans / Workouts / Consulting

P.O. Box 73 • Haworth, NJ 07641 201.387.7997 • 201.264.3476 • Fax 201.387.7995 gmacbeth@fdsnnj.com X www.foliagedesign.com

451GMacBethBC.indd 1

Fowler www.fowlercompanies.com The Commercial Laundry Specialists

Serving apartment communities since 1952 * Commissions - Sales - Service

8/11/08 12:24:30 PM

Make your business card work as hard as you do ETING

ARK

PR / M

e info

for mor

man t s i r h C da Call Lin /800-584-1062 5298 1 7 8 1 78

If you do not have a business card readily available, our art department will design one for you at no extra charge!

SITE ENGINEERING

www.landmarkjcm.com 302.323.9377 New Castle, DE Headquarters|302.323.9377 Dover, DE|302.734.9597 Georgetown, DE|302.854.9138 Wayne, PA|610.687.1976 Havre de Grace, MD|410.939.2144

Ted C. Williams, P.E. Principal, Business Development LandmarkJCM 100 West Commons Blvd., Suite 301 New Castle, DE 19720 tedw@landmarkjcm.com

Would like to be included on this page call: Linda Christman lchristman@marejournal.com (800) 584-1062 / (781) 871-5298 Fax (781) 871-5299 or Your Account Executive Mid Atlantic REAL ESTATE JOURNAL

22A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

1100 East Hector Street, Suite 393 Conshohocken, PA 19428

President Douglas Sayer Colliers International

Phone/Fax: 610-238-9950 / 610-238-9959 E-Mail: tristate@tristaterca.com Website: www.tristaterca.com

2011 Officers & Directors COMING SOON! NORTHERN & CENTRAL NJ

President Douglas Sayer Colliers International

President Elect Michael P. McCurdy Jones Lang LaSalle

Vice President (Pennsylvania) Paul G. Garvey Cushman & Wakefield of PA

Vice President (New Jersey) Jonathan Glick Sheldon Gross Realty, Inc.

Secretary VP (Delaware) Gregory Ellis, CCIM Patterson Woods Commercial

Treasurer Ralph A. Magnatta, CPM Brite Realty Services

Immediate Past President James A. Egan Grubb & Ellis Co.

Director Advisory Council J. Robert Clements Grubb & Ellis

Director Advisory Council John Derham Cushman & Wakefield of PA

Director David A. DePetris Legend Properties

COURSES!

presents

PA FALL 2011 & SPRING 2012 MCE DATES!

Director Louis J. Battagliese Jackson Cross Partners, LLC

FALL 2011 DATES • • • •

Director J. Scott Gabrielsen Binswanger

Director Jeffrey B. Goldstone Herbert Yentis & Company

Director Gene McHale Beacon Comm’l.

Real Estate

Director Barry P. Mertz NAI Mertz Corp

Director Todd Monahan Jones Lang LaSalle

Director Steven G. Michaelson Tornetta Realty Corp.

Director John P. Morrissey Jackson Cross Partners

Director Tony Nichols, Jr. Liberty Property Trust

Director Rocco Perate square 1 financial

Director Greg Soffian Studley

CONTINUING EDUCATION

Director JoAnn West Lieberman Earley & Co.

SPRING 2012 DATES

Tuesday, November 1 Wednesday, November 2 Monday, December 12 Tuesday, December 13

• • • • • •

Thursday, March 22 Tuesday, March 27 Tuesday, May 15 Tuesday, May 22 Tuesday, April 3 Thursday, April 5

PA COURSE LOCATIONS Fall 2011 Spring Mill Corporate Center

• • • • •

April 2012 Pennsylvania Bar Institute

March/May 2012 Dolce Valley Forge

*call for address and/or directions

COURSE TOPICS INCLUDE* Cost Segregation Supply and Demand in Recovery Tax Free Income for Life with Your 401K Account Intelligent Building Green Topics

*final course titles and date assignments TBA

CREDITS Courses will qualify for the following credits*

• • • •

CE Credits for Realtors in NJ, PA, DE CE Credits for Appraisers in PA, DE, NJ CLE Credits in PA Credits for PA Accountants *courses pending approval

For Further Information on upcoming classes and/or general questions Please call 610-238-9070 or email Eilliano@tristaterca.com

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — 23A

24A — September 9 - 22, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Mid Atlantic REAL ESTATE JOURNAL

BILLBOARD

CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS

HIGH VISIBILITY

Direct Mailing to over +25,000 Readers Billboard Advertising Pays Off!!

Name ____________________________________________________________________

NORTHEASTERN PENNA. SALE & LEASE OFFERINGS

•

•

Company _________________________________________________________________ Address __________________________________________________________________

Industrial Land – 10.7 acre site in Valmont Industrial Park for sale. Zoned for manufacturing.

Close to I-81 & I-80. Approved for 126,000 SF building.

Office – Under construction, 29,000 SF Class A office building adjacent to downtown Scranton, PA. Various suite sizes, lease or ownership opportunity.

•

Retail – Wilkes-Barre. 11.42 acres across from Wyoming Valley Mall at signalized corner.

Phone ______________________________Fax __________________________________

•

200 Acres with 54,000 manufacturing in multiple warehouse and residential buildings. Marcellus gas rights available.

Single Block (2 3/8 x 3 5/8”) - Once $95 - Twice $160 5 issues - $300 Prepay - $250

•

Food warehouse, 28,000 SF, 3.7 acres with freezer and cooler spaces.

City ________________________________State _______________Zip_______________

Double Block (5 x 3 5/8”) - Once $160 - Twice $280 5 issues - $575 Prepay - $475 Other Rates Available Please call Linda Christman for more info at 1-800-584-1062

Scranton, PA 570-207-4100 info@hinerfeldcommercial.com

INVESTMENT PROPERTIES

This space is available 800-584-1062

PHILADELPHIA, PA 10 Residential Units & 5 Retail Stores East Falls Neighborhood Great Location

Coldwell Banker Commercial Bennett Williams 110 N. George Street; 4th floor York, PA 17401

732-750-3000

Property Management Landlord Representation Tenant Representation

Upside Potential

KISLAK EXCLUSIVE

Commercial Leasing/Sales

www.bennettwilliams.com

717-843-5555

Site Selection

Call Bret Kaye, ext. 225 www.kislakrealty.com

Single Block 2 3/8 x 3 5/8”

E L B A L I AVA

Call us @ 800-584-1062

Locations Wanted Consistently Ranked #1 Franchise 45+ Year Track Record

We’re looking for sites in PA Flexible Space Requirements End Cap, In-line, Free Standing Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports Local Contacts: Eastern PA — Philadelphia PA —

Double Block 5 x 3 5/8”

610-366-8120 x 24, Cheryl Green green_c@sdepa.com 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

realestate.subway.com www.subway.com

MAREjournal.com

Mid Atlantic Real Estate Journal — September 9 - 22, 2011 — Inside Back Cover A

50,000 SQUARE FEET Immediate Possession ly New ed vat o n e R

Immediate Possession Will Will Divide Divide

COREN INDIK BUILDING

915 Pennsylvania Blvd.

Lower Southampton Industrial Park Feasterville, PA • On-Site Parking

• Tailgate Loading

Convenient to Delaware Expressway (I-95) and the Pennsylvania Turnpike For inspection or additional information contact:

SIDNEY E. GABLE ASSOCIATES, INC.

Industrial & Commercial Real Estate 411 Feheley Drive • King of Prussia, PA 19406 - 2657

610.272.6400

Back Cover A â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; Mid

960 Holmdel Road, Holmdel, NJ 9,485 sq.ft.

Atlantic Real Estate Journal

555 Route One South, Iselin, NJ 2,421 sq.ft. s SQ FT

MAREjournal.com

1 Kalisa Way, Paramus, NJ 2,852 sq.ft.

superior

510 Thornall Street, Edison, NJ

SQ FT s SQ FT s SQ FT 8,283 sq.ft.

155 Passaic Avenue, Fairfield, NJ

SQ FT s SQ FT s SQ FT

SQ FT s SQ FT

100-110 So. Jefferson Road, Whippany, NJ

SQ FT s SQ FT s SQ FT

SQ FT s SQ FT

25 A & B Vreeland Road, Florham Park, NJ

SQ FT s SQ FT s sq.ft.

SQ FT s SQ FT s sq.ft.

SQ FT s sq.ft.

oFFice space available s Flexible & creative ownership

www.bergmanrealty.com

270 Davidson Avenue, Franklin Township, NJ

sq.ft.

25 East Spring Valley Road, Paramus, NJ

SQ FT

299 Market Street, Saddle Brook, NJ

SQ FT s SQ FT s SQ FT

SQ FT s SQ FT

333 Meadowland Parkway, Secaucus, NJ

SQ FT s SQ FT s SQ FT

SQ FT s SQ FT

45 Eisenhower Drive, Paramus, NJ

SQ FT s SQ FT s SQ FT

SQ FT s sq.ft. s sq.ft.

For Leasing Information Please Contact:

John G. Osborne, Executive Director, Leasing, 732-855-8600 x 115 Kelly Ziegenfuss, Assistant Director, Leasing & Marketing, 732-855-8600 x 109

NEW JERSEY

SMHOPPING C ENTERS A R E J ID

TLANTIC

EAL

STATE OURNAL

Section B of the Mid ATLANTIC Real Estate Journal

Mertz Corp. represents buyer

Colliers International concludes sale of 238,000 s/f industrial building for $3.34m

C

H E R RY H I L L , N J — Colliers International concluded the sale of a 238,000 s/f industrial building on approximately 14 acres of land located at 11 Perina Boulevard, which was sold by Macy’s Corporate Services to Perina Associates LLC for $3.34 million. Colliers International’s Marc Isdaner represented the seller in this transaction and the buyer was represented by Mertz Corp.

Perina Associates is an entity that is controlled by Industrial Investments Inc. Industrial Investments is a regional owner and operator of approximately 4,000,000 s/f of industrial properties in Pennsylvania and Southern New Jersey. The property was sold by Macy’s Corporate Services and was operated for many years as The Accumark Distribution Center for Federated Department Stores which

SEPTEMBER 9 - 22, 2011

HI-LIGHTS Cushman & Wakefield arranges $78m sale in Jersey City Cushman & Wakefield, has arranged the sale of 2 Journal Square Plaza, 325,000 s/f class A office building, representing seller Hartz Mountain Industries. See page 5B.

Newmark Knight Frank negotiates 329,000 s/f 350 Logistics LLC, the distribution arm of kosher food product manufacturer Manischewitz Group, has signed a lease for 208,904 s/f at 350 Clark Dr. See page 5B.

ALSO INSIDE: AMC FIRE PROTECTION .....................................................2B ICREW NJ ORGANIZATION ..............................................13B NORTHERN NEW JERSEY SPOTLIGHT ............................. 5-12B NNJ COMPANY OF THE MONTH THE CULLEN ASSOCIATES .............................................. 8-10B SNJ APPRAISAL INSTITUTE ......................................... 14-15B ASK AN EXPERT DIRECTORY ..............................................17B Section B, 20 pages

MAREjournal.com

11 Perina Boulevard

distributed soft goods and general merchandise to Macy’s northeast store group.

The 238,000 s/f building was built in the mid 1970’s and later expanded in 1985. Industrial Investments plans to divide the building into a multitenant property and make significant improvements.

Once divided, the building will offer spaces with clear ceilings heights of 32’, 28’ and 22’. Each section will have its own loading and office areas. Located at Exit 34 of I-295, this site provides great access to the region’s highway systems. ■

Sholom of Team Resources represented seller

Colliers International’s Nitti arranges 145,000 s/f warehouse buy EDISON, NJ — Colliers International New Jersey has arranged the acquisition of a 145,000 s/ f industrial warehouse at 20 Kilmer Road on behalf of Hanssem America, Inc. The seller was One Step Joe Nitti Up, Inc. Hanssem America, headquartered in South Plainfieldis a manufacturer and retailer of kitchen and bathroom cabinets to the new construction and remodeling market in the United States.

“It was important for Hanssem to have a building close to their core operations and the space at 20 Kilmer Rd. fit their needs perfectly,” said Joe Nitti, an executive managing director for Colliers International New Jersey , who represented the buyer in the transaction.

The Tri-State operation of Colliers International continues to expand its industrial brokerage and investment sales team in New Jersey. This transaction is testimony to the firm’s strategic expansion and its increasing market share.

The seller in the transaction

was represented by Greg Sholom of Team Resource, Inc. In Central New Jersey news, the following four consecutive quarters of increasing availabilities during 2010, the Central New Jersey office market is beginning to strengthen, with consecutive quarters of positive absorption to begin 2011.

Small and mid-sized leases have lowered the overall availability rate for 2Q11 to 20.7 percent, its lowest level since 4Q09, compared to 21.4 percent during 1Q11 and 21.1 percent during the same quarter in 2010.

Subsequently, asking rents in Central New Jersey increased for the second consecutive quarter, averaging $22.31 per square foot gross, plus tenant electric for 2Q11, compared to $22.02 the previous quarter and $21.80 a year ago, the first year-to-year increase since 4Q08.

Submarkets performing well include the Route 78 Corridor and the Princeton submarkets.

While the overall availability rate for the Central New Jersey region has generally steadied above 20 percent since 3Q09, the Route 78 Corridor has managed to sustain a rate well below that level and, as of 2Q11,

only 14.2 percent of offi ce space remains available. Technology, healthcare and pharmaceutical companies have helped stabilize this submarket in the past 12 months.

Pharmaceutical and life science companies have also been active in the Princeton market, and after peaking at 21.3 percent during 4Q10, two consecutive quarters of positive net absorption have dropped the overall availability rate to 18.9 percent. Princeton also boasts some of the highest asking rents in Central New Jersey, along with the North EdisonWoodbridge submarket.

For 2Q11, much of the activity ranged from 5,000- 35,000 square feet, while 15 of the top 25 leases occurred in Middlesex and Somerset Counties.

The largest lease during the quarter was signed in Middlesex County by Wakefern Foods, who took 50,000 square feet at 105 Fieldcrest Avenue in Edison. Other leases greater than 35,000 square feet include Celgene in Berkeley Heights, First Solar Electric in Bridgewater and McKinsey & Company, who agreed to lease 35,000 square feet in a new building currently under construction in Summit. ■

B Inside Cover — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

Safety should not cost more!

At AMC, we pride ourselves on Quality. Now we want to pass on the savings. *One year free extinguisher inspection and tagging with a 3 year extinguisher inspection contract.

AMC specializes in large commercial management accounts!! Bring us your account and let us manage it.

Call Today: 856-608-7878 1530Glen Ave Unit One, Moorestown NJ 08057 *Contract is for three consecutive years. The free inspection is for the third year of the contract.

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 1B

“WE’VE GOT NEW JERSEY COVERED” WAY BELOW MARKET PRICES – For SALE or LEASE Starting @ $2.50 PSF and $45 PSF

300 SF Ofc, 20’ Clgs, 1 DI AVAILABLE IMMEDIATELY

GARWOOD – Available Imm 5,063 SF – 500 SF Ofc, 15’ Clgs, TB, DI 7,611 SF – 1,200 SF Ofc, 16’ Clgs 1 TB

24,000 SF - LINDEN

35,224 SF – AVENEL

1,920 SF – PISCATAWAY

2,000 SF Ofc, 15’ Clgs, 3 TB, 2 DI AVAILABLE IMMEDIATELY

51,750 SF – BERKELEY HEIGHTS

1,500-3,000 to 21,000 SF EDISON Up to 14,000 SF Ofc, 18’ Clgs, TB, DI AVAILABLE IMMEDIATELY

Up to 14,000 SF Ofc, 21’ Clgs, 4 TB, DI DIVISIBLE – Near Exit 12 AVAILABLE IMMEDIATELY

41,300 – 67,630 SF - TOTOWA

53,500 SF - MILLBURN

55,555 SF – SOUTH PLAINFIELD

3,600 SF Ofc, 8 TB, DI 6,000 SF Freezer / 8,750 SF Cooler

8,000 SF OFc, 22’ Clgs, 5 TB, DI AVAILABLE IMMEDIATELY

4,000 SF Ofc, 16’ Clgs, 10 TB AVAILABLE IMMEDIATELY

6,000 SF Ofc, 20’ Clgs, 6 TB, DI AVAILABLE IMMEDIATELY

30,000 - 72,000 SFEAST BRUNSWICK

73,000 SF - EDISON

85,600 SF - MONROE

3,000-8,000 SF Ofc, 16’ Clgs, 10 TB, DI, 3,600 SF New Ofc, New Ldg, RAIL 15,000 SF Ofc, 21’ Clgs, 9 TB, 2 DI Extra Trailer Pkg, Heavy Power AVAILABLE IMMEDIATELY Extra Land, Near Exit 9 NJ Tpke AVAILABLE IMMEDIATELY For Additional Listings or Information Check Us Out On The Web:

www.bussel.com

Bussel Realty Corp.

2 Ethel Road, Suite 202 A, Edison, NJ 08817

(732) 287-3777 / Fax (732) 287-1090 / www.bussel.com The information herein has been obtained from sources deemed to be reliable, but no guarantee of its accuracy is made by the Company. In addition, no representation is made respecting measurements, dimensions, zoning, condition of title or any matters of a legal or environmental nature. Such matters should be referred to legal counsel for determination. Subject to errors, omissions or withdrawal without notice.

2B â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; New Jersey â&#x20AC;&#x201D; Mid

SEBCO

Atlantic Real Estate Journal

Laundry Systemsâ&#x20AC;&#x153;

The Finest In Metered Laundries

1-800-SEBCO-88 (1-800-732-2688)

http: www.SEBCOLaundry.com e-mail stevebreitman@sebcolaundry.com

Relationship Driven. Execution Focused.

MAREjournal.com

NEW JERSEY AMC Fire Protection

How Fire Sprinkler Systems Operate ater represents the ideal extinguishing agent for most fires.

Fire sprinklers utilize water by direct application onto flames and heat. This action cools the combustion process and prevents ignition of adjacent combustibles.

Sprinkler systems are a series of water pipes that are supplied by a reliable water supply. At selected intervals along these pipes are independent, heat-activated valves known as sprinkler heads. It is the sprinkler head that is responsible for water distribution onto the fire. Most sprinkler systems also include an alarm to alert occupants when a fire occurs.

During the incipient fire stage, heat output us relatively low an unable to cause sprinkler operation. As the fire intensity increase, however, the sprinklerâ&#x20AC;&#x2122;s sensing elements become exposed to elevated temperatures and they begin to deform. Assuming temperatures remain high, as they would during an increasing fire, the element will fatigue after an approximate 30 second to 4 minute

W

period. This will release the sprinkler â&#x20AC;&#x2122;s seals allowing water to discharge onto the fire. In most situations, less than 2 sprinklers are needed to suppress the fire. In fast growing fore scenarios such as a flammable liquid spill, up to 12 sprinklers may be required for control.

Additional actions may occur when sprinkler activation happens. These include initiation of building and/or fire department alarms, operation of supplemental water supply systems, shutdown of selected electrical and mechanical equipment closing of fire doors and dampers, and suspension of processes.

Fire Sprinkler Head Components The sprinkler is the spray nozzle that distributed water over a defined fire hazard area. Each sprinkler operates by actuation of its own temperature linkage. The typical sprinkler consists of a frame, thermal operated linkage, cap, orifice, and deflector.

Styles of each component may vary but the basic principles of each remain the same. â&#x20AC;˘ Frame â&#x20AC;&#x201C; The frame provides the main structural

component that holds the sprinkler together. The waster supply pipe connects to the sprinkler at the base of the frame. The frame holds the continued on page 16B

New Jersey Real Estate Journal a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 â&#x20AC;˘ 800-584-1062 fax 781-871-5299

MAREjournal.com

Publisher Michael Campisi mcampisi@MAREJournal.com

Section Editor Karen Vachon editor@marejournal.com

7VY[MVSPV 9LĂ&#x201E;UHUJPUN >HYYPUN[VU 7(

( T\S[PMHTPS` WVY[MVSPV JVTWVZLK VM Ă&#x201E;]L ZP_ Z[VY` I\PSKPUNZ [V[HSPUN \UP[Z 0ZYHLS :JO\ILY[ HUK +H]PK -PZOLY ULNV[PH[LK [OL Ă&#x201E;UHUJPUN MVY [OPZ [YHUZHJ[PVU )RXQGHG LQ 0HULGLDQ &DSLWDO *URXS //& LV RQH RI WKH QDWLRQâV ODUJHVW FRPPHUFLDO UHDO HVWDWH Ă°QDQFH DQG DGYLVRU\ Ă°UPV :RUNLQJ ZLWK D EURDG DUUD\ RI FDSLWDO SURYLGHUV 0HULGLDQ DUUDQJHV Ă°QDQFLQJ IRU WUDQVDFWLRQV RI DOO VL]HV DQG SURSHUW\ W\SHV LQFOXGLQJ Â&#x2039; 4\S[PMHTPS` Â&#x2039; 6MMPJL á +RVSLWDOLW\ á 6HQLRU +RXVLQJ Â&#x2039; 4P_LK <ZL Â&#x2039; 9L[HPS á +HDOWKFDUH á 6HOI 6WRUDJH Â&#x2039; *V 6W Â&#x2039; 0UK\Z[YPHS á 6WXGHQW +RXVLQJ á &RQVWUXFWLRQ

3OHDVH FDOO XV DW RU YLVLW XV RQOLQH DW ^^^ TLYPKPHUJHWP[HS JVT WR OHDUQ PRUH DERXW 0HULGLDQâV XQLTXH DSSURDFK DQG WR GLVFXVV \RXU ðQDQFLQJ QHHGV 9V\[L :V\[O 0ZLSPU 51 c c ^^^ TLYPKPHUJHWP[HS JVT

â&#x20AC;˘ Project Management â&#x20AC;˘ Development Due Diligence & Feasibility Studies â&#x20AC;˘ Agency Permitting â&#x20AC;˘ Land Development Design â&#x20AC;˘ Construction Phase Services â&#x20AC;˘ Graphic Services PHILADELPHIA METRO OFFICE: 8614 Montgomery Avenue Wyndmoor, PA 19038 215-836-2510

PITTSBURGH OFFICE: 201 Penn Center Boulevard, Suite 400 Pittsburgh, PA 15235 412-253-6569

LANCASTER OFFICE: 1853 William Penn Way, P.O. Box 10368 Lancaster, PA 17605-0368 717-672-0614

NEW JERSEY OFFICE: 100 Overlook Center, Suite 200 Princeton, NJ 08540 609-920-0268

LANDCOREconsulting.com

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 3B

NEW JERSEY

Fairfield Corporate Park, Fairfield, New Jersey

Showing signs of improvement

Cassidy Turley reports on New Jersey office market

T

EANECK, NJ — The office market in New Jersey has shown slight improvement and there are encouraging signs for the future, but steady job growth will be the key to achieving David Simon sustainable stabilization and momentum in the sector, according to recently released Office Market Snapshots for the Northern and Central New Jersey markets from Cassidy Turley, a leading commercial real estate services provider in the U.S. The Northern New Jersey office market ended the second quarter of 2011 with a vacancy rate of 14.1%, increasing from 13.9% at the end of the first quarter. The Hudson Waterfront submarket maintains the lowest vacancy rate at 5.9% and reported approximately 280,000 s/f of positive absorption in the second quarter. The Central New Jersey office market ended the second quarter of 2011 with a vacancy rate of 16.5%, slightly declining from 16.6% in the first quarter. It has hovered between 16.5% and 16.6% for the past five quarters. Overall, renewals and/or renewal extensions are prevalent in this market and represent a high%age of leasing activity.

In Northern New Jersey, the average asking rental rate fell slightly from $25.58 psf in the first quarter to $24.95 psf in the second quarter. With limited deliveries and projects under construction, asking rates should continue to level off for the remainder of 2011, a positive sign that the market has stabilized.

The average asking rental rate in Central New Jersey declined to $23.46 psf in the second quarter of 2011, from $23.59 in the first quarter.

The most notable transaction in the quarter was the portfolio sale of 70 and 90 Hudson Street in Jersey City, NJ. Hartz Mountain Industries sold the 409,272square-foot buildings to CB Richard Ellis Investors for approximately $310 million or $375 psf.

Key lease transactions in

the second quarter include Evonik Degussa Corporation signing on for 150,500 s/f at 299 Jefferson Road in the Parsippany submarket and QTS renewing for 128,000 s/f at 95 Christopher Columbus Drive along the Hudson Waterfront.

“We are optimistic, but there are still challenges ahead related to the unemployment rate in New Jersey,” said David Simon, SIOR, managing principal, New Jersey for Cassidy Turley. “Significant improvement will not be reflected until consistent job growth is created. Despite

volatility in the economy, activity has been increasing and many tenants are willing to commit to longer lease terms, which is positive.”

In the second quarter, the New Jersey preliminary unemployment rate was recorded at 9.4%, increasing from 9.3% at the end of the first quarter. Industries with significant job gains include healthcare and social assistance, professional and business services, and finance.

However, there were significant job losses in manufacturing, trade, transportation and utilities, and construction. ■

Office Space Available for Lease 5,000 to 20,000 Square Foot Units *Excellent location with highway visibility * Located directly at Route 46 East interchange. * Minutes to Essex County Airport and NJ Bus and Rail * Attractive rental rates and terms available.

SHELDON GROSS REALTY, INC. REALTORS Ɣ Corporate Real Estate Services

80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: sgross@sheldongrossrealty.com

4B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

NEW JERSEY Low-interest loans to increase energy efficiency

NJEDA launches new program offering

Visit BL Companies at the ICSC PA/NJ/DE Idea Exchange

T

Booth #109

&5($7,9,7< ō 48$/,7< ō (;3(57,6( 800.301.3077 www.blcompanies.com Pennsylvania | Maryland | New York | Connecticut

RENTON, NJ — Building on the Christie Administration’s commitment to a greener and more affordable use, management, and development of energy in the State, the New Jersey Caren Franzini Economic Development Authority (EDA) launched the Clean Energy Solutions Energy Efficiency Revolving Loan Fund (EE RLF). New Jersey-based commercial, institutional or industrial entities that have

already received an approved Energy Reduction Plan under the New Jersey Board of Public Utilities’ (BPU) Pay for Performance program can now apply for a low-interest loan up to a maximum of 80 percent of total eligible project costs, not to exceed $2.5 million.

“This program will provide much needed gap financing to ensure that commercial and industrial buildings are able to achieve energy efficiency improvements that benefit New Jersey ratepayers, reduce operating costs for businesses, and enhance the environment,” said

CELEBRATING OUR 105TH YEAR

Investment Real Estate Brokerage.

RBER

WINTE

RY PLAC E

SYLVANIA

CUNGIE

Bu

ild

ing

Bu

Proposed Rabenold Farms Major Subdivision

#10

ild ing #1 2

Bui ldin Bui

g #9

Building #13

ldin

Bu

g #5

Bu

ild

ing

#4

ild

ing #1

1 STORMWATER MANAGEMENT AREA

SIDEWAL K SIDEWAL

CU K

RB G

CU

IN

RB IN G

ild

ing #8

LA (T-

49

NE

(T-

K

g #3

NE 8)

857

g #6

Cen mun ter ity

ldin

LA

Bui

LD

OA

NO

ldin

BE

Bui

Bu

RA

Com

ldin

OAKVIEW DRIVE (T-866B)

Bui

)

g #2

Pool

ldin g #14

Bu ildi #7

MB

#1

Bui

ldin

g #17

ing

ldin

Build

ng

Proposed Hidden Meadows Major Subdivision

Bui

Bui

g #15 DU

Bui

ldin

MP

ST

ER

g #16 Bui

GR

R WA

Y

ldin

g #18

LAN

E

NT

)

SETBAC

544

G

(T-

/ BUILDIN

AD

EASEME

RO

PPL

EY

THE

SE

RL

FEA

KRO

WE

AY

ROC

STORMWATER MANAGEMENT AREA

BUILDING

K

SETBACK

LINE

LINE

PEN NYC RES S CIRC

TIL

LE

RED

CLO

VER

CIR

CLE

GHM AN STR EET (S.R . 100 2)

170 Residential Units East Orange & Orange, New Jersey Joni Sweetwood ext 273

4 NNN Shell Gas Stations Southern New Jersey Robert Holland ext 285

36 Acres for 288 Approved Residential Units Upper Macungie Twp., PA Robert Holland ext 285

90 Residential Units Asbury Park, New Jersey Joni Sweetwood ext 273

37 Residential Units Roselle, New Jersey Robert Squires ext 287

24 Residential Units & 3 Stores Plainfield, New Jersey Barry Waisbrod ext 272

multifamily.

The Kislak Company, Inc.

retail.

office. www.kislakrealty.com 732 750 3000

EDA CEO Caren Franzini. “As a revolving loan program, the EE RLF was designed to be a sustainable funding source that will support these important projects now and well into the future.”

The supplemental financing must be used for whole-building energy efficiency improvements, and projects must meet the requirements defined under Pay for Performance. Specifically, existing buildings must have generated a peak demand over 100 kW for any of the preceding 12 months. For new construction, buildings must have at least 50,000 s/f or more of planned conditioned space. Applicants must have an energy reduction plan that defines a comprehensive package of measures capable of reducing energy consumption by 15 percent or more or achieving energy costs 15 percent below the current energy code. Existing buildings undergoing substantial renovations may also be eligible. Hospitals, public colleges and universities, 501 (c) (3) organizations and local governmental entities are exempt from the 100 kW and 50,000 s/f requirements.

“The new Revolving Loan Fund provides a critical financing source for the installation of energy efficiency measures,” said BPU president Lee Solomon. “Providing business owners and local government officials with new opportunities to reduce their energy use helps lower the cost of doing business in NJ, improving our economy and our environment.”

The EE RLF is a companion to BPU’s Pay for Performance program, which provides grant incentives to large commercial and industrial customers who build or upgrade their facilities by making comprehensive investments in energy efficiency.

There is a minimum 1.1:1 debt service coverage ratio and personal guarantees are required for any person or entity with 10 percent or more ownership in a project. Applicants will be required to provide evidence of a source of funds needed to complete a project and BPU will take a lien on equipment to be financed, business assets, and/or collateral. Businesses should also create or maintain jobs in NJ. Financing under the program cannot exceed 100 percent of total eligible project costs from all public State funding sources. ■

NEW JERSEY SPOTLIGHT SHOPPING C ENTERS NORTHERN NEW JERSEY MAREjournal.com

Mid ATLANTIC REAL Estate Journal — New Jersey — September 9 - 22, 2011 — 5B

Acquired by Gaia from Hartz Mountain Industries

Cushman & Wakefield arranges $78 million sale of Jersey City’s 2 Journal Square Plaza

J

ERSEY CITY, NJ — Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group (CMG) has arranged the sale of 2 Journal Square Plaza, a landmark nine-story, 325,000 s/f class A office building, representing seller Hartz Mountain Industries. The buyer in the $78 million transaction was Gaia Real Estate Investments in partnership with Phoenix Insurance and Menora Mivtachim Insurance, both based in Israel.

Located adjacent to the city’s Journal Square Station, 2 Journal Square was completed by Hartz in 1987 and has been fully leased ever since to Broadridge Financial Solutions (a spinoff from ADP in 2007).

“The fact that it has been leased on a long-term basis to a premier financial services company and has close proximity to Wall Street, 2 Journal Square drew a great deal of interest from potential investors,” said David Bernhaut of Cushman & Wakefield’s CMG, who

2 Journal Square Plaza teamed with Andrew Merin, currently on the market due Gary Gabriel and Jared Zim- in part to the building’s techmel to complete the transac- nology infrastructure, power tion on behalf of Hartz. “The and redundant systems.” buyer readily understood the SECAUCUS/JERSEY value of this offering as one of CITY, NJ — Working coopthe premier assets of its kind eratively with owner Hartz

Mountain Industries, Cushman and Wakefield has arranged two industrial leases with Samsung and Walong with a combined total of more than 360,000s/f, with both transactions retaining NJ-based operations. Andrew Stypa and Daniel Badenhausen of Cushman & Wakefield represented the tenants in both leases, and Hartz was represented in-house by Gus Milano and Ernest Cristoff.

“The key in both transactions was working closely with Hartz to make them happen,” said Stypa. “We continue to cultivate relationships throughout the marketplace.”

In one transaction, the Fashion & Textile Division of Samsung C&T America leased 185,000 square feet at Hartz’s 35 Henry Street in Secaucus, N.J. Situated off Route 3 and at Exit 15X of the New Jersey Turnpike, the property is within the Harmon Cove Industrial Park, near Manhattan, Newark Liberty International Airport and other key routes.

“Samsung initially wanted to move the operation to California,” says Stypa. “After we had identified several locations there, the company decided to remain and expand within New Jersey. Hartz’s building at 35 Henry Street ultimately was the ideal location for them.”

“We stayed in New Jersey for a variety of business reasons, including the fact that we didn’t want to lose sales, especially with the back-toschool season coming up,” said Ali Abid, senior manager of office administration and logistics for Samsung. “Also, we have been working with Cushman & Wakefield for a long time and trust their expertise. In this business, it’s all a matter of trust.”

Walong Marketing, Inc., an Asian food distributor based in California, had occupied Hartz’s entire 175,456 s/f 99 Caven Point Rd. in Jersey City as the company’s East Coast distribution center for 10 years, and opted to renew and stay in place for another 20 years. ■

Newmark Knight Frank negotiates 329,000 s/f of industrial leases in Morris County’s international trade zone MOUNT OLIVE, NJ — 350 Logistics LLC, the distribution arm of kosher food product manufacturer Manischewitz Group, has signed a lease for 208,904 s/f at 350 Clark Dr. With the transaction, the company expands and relocates its warehouse/distribution operations from Clifton.

Newmark Knight Frank managing director Mitchell Katz and Associate Jason Grosse arranged the signing on behalf of the ownership, 350 Clark Drive, LLC, of Mountain Lakes, Jones Lang LaSalle represented the tenant.

According to Katz, “350 Clark Drive’s location, access to highways, and existing racking and materials handling equipment is what sparked the initial interest from the tenant. The landlord and tenant

350 Clark Dr then worked diligently toward 350 Clark Drive. Performance getting a deal done. The lease Food Group, parent company of was signed in less than two leading foodservice distributors, is expanding and relocating its months.”

The latest transaction follows operations from Parsippany, the recent signing by Perfor- N.J. Katz and Grosse similarly mance Food Group of a new represented the ownership, long-term lease for 119,682 at and Performance Food Group

was represented by Cushman & Wakefield.

“Despite the ongoing economic difficulties, companies in the food and beverage industry continue to expand,” said Katz.

“Food is an obvious necessity for everyone, and companies like Manischewitz, Performance and others continue to grow to meet that demand. And with its location, its transportation infrastructure, and access to the East Coast’s major population centers, Northern New Jersey is an obvious choice for these warehousing and distribution operations.”

With the two latest transactions, the 453,000 s/f, singlestory 350 Clark Drive is now almost 90 percent leased, with the remaining availability limited to office space, and divisible to 6,442 s/f. Located at I-80

with access to Routes 206 and 46, the property offers 24-hour security and an air-conditioned office component.

350 Clark Drive, LLC is a joint venture entity controlled by the owners of North Jersey Development Group, Inc., which owns and/or manages more than 1.5 million square feet of industrial and office space in northern New Jersey.

Dan Cohen, president of North Jersey Development, states, “We at NJDG remain highly focused on the corporate strategies of our tenants and providing creative, flexible environments and attentive services.”

“Because NJDG approaches its portfolio with a long-term vision, the principals maintain many lasting tenant relationships,” adds Katz. ■

6B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

NORTHERN NEW JERSEY Berger and Klapper represented the buyer in this transaction

CBREs’ Private Capital Group completes $2.3m transaction of a medical/professional office ERNON, NJ — CB Richard Ellis Group, Inc. (CBRE) announced the recent completion of a $2.3 million transaction of the 100-percent-occupied Vernon Medical Arts Building, located at 212 Route.

CBRE’s Charles Berger, of the firm’s Private Capital Group, in collaboration with Elli Klapper, of the Outer Borough office, represented the buyer in this transaction. This deal marks the eighth successful sales transaction Charles has completed in the first half of 2011.

V

Vernon Medical Arts Building

“This was a unique opportunity for the buyer to acquire a well-located, fully-occupied medical facility in an all-cash, 1031 Exchange via a short sale,” said Berger. “The buyer plans to renovate and improve the site, extend the current leases and hold the building in the long-term for investment purposes.”

“This is further proof that there has been an increase in activity in the 1031 Exchange arena and buyers are actively seeking income-producing investment properties,” added Klapper.

Success is a done deal. $44,000,000

$24,000,000

Grocery-Anchored Shopping Center

Multifamily/Retail

PERMANENT LOAN - INSURANCE CO. FRANKLIN, MA

CONSTRUCTION LOAN REGIONAL BANK BERGEN COUNTY, NJ

$7,500,000

$20,500,000

285 Davidson Ave.

3M Warehouse

OFFICE - PERMANENT LOAN INSURANCE COMPANY SOMERSET, NJ

PERMANENT LOAN INSURANCE COMPANY DEKALB, IL

Capital Markets DEBT | EQUITY | INVESTMENT SALES

New Jersey Office ONE GATEHALL DRIVE, SUITE 101 PARSIPPANY, NJ 07054 973.538.2330

Greg Nalbandian MANAGING DIRECTOR 973.944.5728 gnalbandian@northmarq.com

Gary Cohen SENIOR VICE PRESIDENT 973.944.5724 gcohen@northmarq.com

northmarq.com

32 offices coast-to-coast

Located in Sussex County, directly across from Mountain Creek Resort, with the closest hospital situated approximately 40 miles away, the building offers the only fully-outfitted urgent care facility for the local community. The property also features rooftop air-conditioning units, gas and electric meters for each unit, as well as a new oversized hot water heater.

The site currently has a septic tank and well, but there are sewer lines in the street, which the town plans to connect in the future.

“We are excited to have been involved in a transaction that proved to be financially beneficial for all of the associated parties, and look forward to representing sellers and buyers in similar transactions in the future,” said Berger. ■

CB Richard Ellis Debt & Equity secures $50 million SADDLE BROOK, NJ — James Gunning and Donna Falzarano of CB Richard Ellis Debt & Equity Finance placed $50 million in long-term financing on behalf of a Toronto, Canadabased REIT. The funds will go toward the $77-million acquisition of a two-asset portfolio.

The triple-net leased portfolio, which offered long-term leases with scheduled rent increases, consists of U.S. Bank at Deercreek Commons located at 12800 Foster St. in Overland Park, KS, and the Nissan Parts Re-Distribution and Export Center at 445 Couchville Industrial Boulevard, in Mount Juliet, TN. Both properties are 100-percent occupied and total 902,338 s/f.

CBRE Debt & Equity Finance was able to secure non-recourse financing for a 10-year term/30-year amortization at an attractive interest rate on behalf of the borrower. The loan was placed with Bank of America, N.A. through Aegon USA Realty Advisors.

US Bank at Deercreek Commons is a five-story, 185,178 s/f, class A office building constructed in 2006. The headquarters location for US Bank National Association features full-height glass, ample parking, and highquality interior finishes.

Nissan Parts Re-Distribution and Export Center is a singlestory, 717,160 s/f distribution warehouse built in 2010. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 7B

NORTHERN NEW JERSEY McCrann, McConnell, Gambuzza and Federgreen handle transactions

Marcus & Millichap NJ broker $2.675 million in sales

N

UTLEY, NJ — Marcus & Millichap Real Estate Investment Services has announced the sale of Franklin Avenue Apartments, a 12,050 s/f mixed-use property, according to Michael Fasano, vice president/regional manager of the firm’s New Jersey office. The asset commanded a sales price of $1,600,000.

Associate director Kevin McCrann, in Marcus & Millichap’s New Jersey office, had the listing to market the property on behalf of the seller, a local investor from New Jersey. Associate director, Thomas McConnell, CCIM, also from the New Jersey office, secured the buyer, a local investor.

Built in 1926, Franklin Avenue Apartments is ideally located close to public transportation and in the heart of Nutley. It has 18 off-street parking spots and is within walking distance to shops, restaurants and community parks. “Even in these uncertain times, we were able to obtain multiple written offers from qualified buyers. Analyzing our buyer’s strengths through price and terms, ensured a quick and smooth transaction”, stated McConnell.

BOGOTA, NJ — Marcus and Millichap announced the sale of 72 East Main St. Nat Gambuzza, vice president investments and Lauren Federgreen, associate had the listing to market the property and also procured the pur-

Team Resources SBWE handles 201,000 s/f NORTH BERGEN, NJ — Team Resources SBWE announced the following transactions: Greg Sholom and David Cantor of Team Resources SBWE represented PNL Realty in their sale of 110,000 s/f at 7500 Westside Ave. Brian Scheuer of Chaus Realty represented 7500 Westside Realty LLC, the purchaser.

Joe Manganaro, of Team Resources SBWE, represented Retail Logistics in the lease of an additional 91,000 s/f at 2030 Continental Dr. in Wayne.

Retail Logistics now occupies over 500,000 s/f in this Hartz Mountain owned property.

Hartz Mountain was represented in-house. ■

chaser, a local investor.

The property traded for $1.075 million which was within 95 percent of the asking price.

“There were several offers on the property in a short period of time,” states Gambuzza.

“Of all the offers, an all cash purchaser was selected and the contract was signed within three weeks of listing the property,” added Federgreen. The seller, Bogota Main Street Associates LLC., is a repeat client of the firm and the purchaser is a new client. The purchaser

has plans to renovate the interior of the apartments and make a push for rent growth.

The property consists of eight one-bedroom units and three two-bedroom units, all with separate entrances. The Main Street location lends itself to great visibility and access to transportation at the curb, as well as nearby conveniences.

“Demand for apartments as an investment vehicle remains extremely strong throughout NJ, especially in Bergen County,” said Gambuzza. ■

Franklin Avenue Apartments

RooÄng Contractors For All Of New Jersey and Southeastern Pennsylvania 35 Years of Experience

COMMERCIAL ROOFING CertiÄed in all types of RooÄng Systems

ModiÄed Hot-Tar Mule-Hyde EPDM Hypalon Free Estimates Free Photo-Documented Reports • Details problems • Suggests solutions & proper repairs

Foam TPO Versico

Extended Warranty Programs • Quarterly Roof Inspections • Includes labor and materials • Prevents disasters from escalating

Hourly and Contract Rates Available Energy Saving RooÄng Solutions • Solar Shingles • Solar Panels • Lowers Heating & Cooling Cost • Saves Money • Saves the Environment www.cdacontracting.com | 609-731-9640

8B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

NORTHERN NEW JERSEY COMPANY OF THE MONTH In municipal, commercial and industrial applications

The Cullen Associates’ line of submersible pumps: Heavy duty wastewater & sewage service

C

ullen Associates was founded in 1954 by Hugh J. Cullen and developed by his son Richard Cullen. Our business has grown from a small operation in Jersey City, NJ to our present centralized engineering and warehouse facilities in Neptune, NJ, and our satellite office in Albany, NY. The principal owners of Cullen Associates are Christopher Cullen president who has been with the company since its inception and Jennifer Cullen who replaced her father Richard when he passed away in 2001.

The senior management team consists of Vincent S Pisano CEO – VP and Bob Copeland senior engineer, both who have been with the company over 30 years.

Special Recognition during our first 55 years, Cullen Associates has had the distinct honor and privilege of being chosen for many notable jobs including: • Replacement of pumps and controls to run the 260 elevator motors in both World Trade Center buildings after the 1993 bombing.

• Consultation for pumping and engineering issues associated with the containment of the Hudson River water away from Ground Zero after 9/11.

• Pump equipment for Ellis Island, and the first sewage treatment plant at the Statue of Liberty.

• Pump equipment for Disney World and Pump equipment for 26 Rockefeller Center sites.

Cullen Associates are distributors of standard and custom Wastewater Pumps, Submersible Pumps, Packaged Pumping & Booster Systems, Wastewater Pretreatment & Grease Removal Systems, Automatic Water Protection Systems, Chemical Feed Systems, Metering Pumps, Vacuum Pumps & Compressors, Custom Control Panels, Sewage and Sump Basins, Valves, and Float Switches from trusted names such as Weil, Canariis, Tsurumi, Stancor, GRS, Pipe Burst Pro, Pro-Series, Liberty, Lutz Jesco and Airtech.

In addition to numerous commercial and industrial customers, our list of customers in New Jersey include most major corporations, municipal schools, state and private colleges, NFL & NL Stadiums, Federal & State Government Agencies including the military and USPS, along with Port Authority of NY & NJ.

CANARIIS UL Listed Packaged Pumping Systems

HVAC Booster Systems Canariis is dedicated to manufacturing quality packaged pumping systems for domestic water, HVAC and fire pump applications. Every packaged pumping system manufactured is electrically, hydrostatically and flow tested at job conditions prior to shipment. The manufacturing and testing is designed to assure ease of installation, simplified start-up procedures, and many years of trouble free service.

Canariis packages are not a “one-size-fits-all” approach because this will not always offer the best overall solution. Every system is custom engineered to the specific project requirements and space limitations for your application. Many Owners have strong preferences for certain manufacturers of pumps, valves, hydronics, building automation controls and variable frequency drives. Canariis Corporation has the flexibility to use the equipment that the customer prefers while still providing a quality assembly.

The state of the art Canariis Corp. Test facility consists of a 24,000 gallon test tank equipped with permanently mounted flow sensors of various sizes, manual valves, automatic valves, Ystrainers, differential pressure sensors, KW sensors, pressure gauges, suction pressure simulation pumping equipment, and multiple suction connections.

Every system is tested at the Canariis Corporation factory.

These tests occur at various stages of the manufacturing process. The control panel test includes verification of wiring, component operation and programming. After assembly, the packaged pumping system shall be hydrostatically tested at a pressure depending upon system parameters. Each pump on every system shall be individually tested for performance while at full speed. HVAC variable speed systems are tested for efficiency to optimize the pump sequencing.

Once the system performance is verified, every sequence,

alarm and operation of the system is tested and verified to be functional prior to removal from the test tank. All of the Canariis NIST Traceable instrumentation is independently calibrated in accordance with NIST and Hydraulic Institute Standards.

THIRD PARTY CERTIFICATIONS: UL QCZJ - The entire pumping system is labeled under UL QCZJ Packaged Pumping Systems.UL 508A Control panels manufactured in the Canariis Corporation panel shop are listed under UL 508A. A selection of Canariis Corporation booster systems are certified to NSF 61 standards

by IAPMO The Test Facility includes permanently mounted flow sensors, pressure monitors, and power monitoring instrumentation independently certified to NIST standards.

Canariis Corporation structural steel welders are certified to AWS D1.1.

Canariis Corporation piping welders are certified to ASME Section IX. PARTIAL INSTALATION LIST IN NJ: Hackensack Hospital, Rahway Hospital, Robert Wood Johnson Hospital, Anheuser Busch, Merck & Co., CIBA Giegy, Continental Airlines, Rowan College, Drew University, Rutgers University, St. Peter’s College, Jersey City State College.

WEIL PUMP US Made Heavyduty Wastewater Pumps

Weil Pump WEIL PUMP manufacturers top quality submersible and vertical sewage, sump and grinder pumps, controls, wet well covers, and pump system accessories for the commercial, industrial, and municipal markets.

The trade often calls WEIL PUMP the HEAVYWEIGHT. A

Weil pump model consistently OUTWEIGHS and OUTLASTS similar pumps. This difference is by design to make the best.

The result is a distortion-free part with high rigidity, consistent machined dimensions, and a longer service life.

Weil submersible motors are air-filled. The only submersible motor with worldwide engineering acceptance is an air-filled motor. The manufacturing cost is higher. The end result is better.

In 1909, the Weil brothers apprenticed themselves in the pump business. During the first 18 years, they built an admirable reputation for reliability and service to the construction industry.

With increasing demand in the industry, Nathan, Ralph and George Weil established their own business in 1927.

Extensive research and development programs were adopted which resulted in Weil Pump Co. becoming a leader in the manufacturing of modern pumping equipment. A good example of this research and development work was the development of the first submersible sewage ejector in 1951. WEIL has also been very successful in the development of pumps for the U.S. Navy.

In the mid-1960’s WEIL developed the first UL approved submersible explosion proof pump for Class 1, Division 1, Groups C&D. Today, WEIL has added new products such as grinder, slicer, and effluent pumps and has improved the design of many products. Weil Pump control panels have been updated to meet IEC and NEMA standards and most models are UL approved.

WEIL is dedicated to building sewage and sump pumps which offer the best value in the industry today. WEIL pumps have the lowest life cycle cost of any pump available.

WEIL’s insistence on high quality and rugged designs ensure the least maintenance over the life of the pump. Every time a pump is removed for maintenance, significant costs quickly add up to exceed the original purchase price. The pump requiring the fewest number of removals is the best value – and no one beats WEIL for dependable in-pit operating time.

All castings are poured in the U.S. All parts are machined and assembled in WEIL’s own manufacturing facility in the U.S.

WEIL PUMPS CONSISTANTLY OUTWEIGH & OUTLAST THE COMPETITION.

STANCOR PUMPS Pump Systems & Oil Spill Protection

Stancor Oil Minder STANCOR PUMPS is a leading designer and manufacturer of electric submersible pumps and controls. Stancor is qualified to provide both standard and customized systems to meet virtually any specification.

Packaged systems complete with heavy duty tanks, covers, and internal plumbing are available. The engineering staff will help you design the right control and pump for special applications. Stancor pumps are available from 1/2 HP to 45 HP, so they always have the right equipment for any job.

The STANCOR OIL-MINDER PUMP SYSTEM is the overwhelming choice among design engineers and compliance authorities throughout the U.S. and abroad. The System provides continuous, automatic operation without need for a separate oil-water separator.

Local and remote audio and visual warning systems are provided separately for (a) hydraulic oil spill alert (b) high liquid condition, and (c) high amperage. Local alarms and a remote monitoring circuit are provided as standard features.

An optional remote alarm is also available. The system is designed for easy, fool-proof installation. All pump and control cables are factory wired into a wall mountable junction box. Between the junction box and the main Oil-Minder control panel are multi-pin quick control connectors. This single cable, 8-pin system allows the electrical cable between the junction box and control panel to be run through conduit and interconnected up to 200 feet long, using a single “push and turn” motion. There is no need for field wiring and all connections are secure and water-tight.

While the Oil-Minder SE-50 is continued on page 10B

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 9B

NORTHERN NEW JERSEY COMPANY OF THE MONTH

ASPE

ASSE t ASHRAE t NY and NJ State Society of Professional Engineers t NJ Engineers Club t Society of Fire Protection Engineers Plumbing Heating Cooling Contractors Assoc. t NY and NJ State Water Environment Assoc. t Northeastern Subcontractor Assoc.

New Jersey Water Association t American Rainwater Catchment Association t North Jersey Water Association t Submersible Wastewater Pump Association t

10B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

NORTHERN NEW JERSEY COMPANY OF THE MONTH Canariis, Weil Pump, Stancor Pumps & Pipeburst Pro

The Cullen Associates’ line of submersible pumps: Heavy duty wastewater & sewage service

C

ontinued from page 8B the most popular model, Stancor can provide custom systems for virtually any application up to 45 H.P., including duplex controls.

The Elevator System is a submersible pump and control package which allows water to be automatically pumped from elevator pits in accordance with ASME A17.1 without danger of ejecting potentially harmful oily substances into sewers, rivers and waterways. The patented oilminder system has a proven record of protecting valuable equipment and the environment

choice where the main control is located in the same area as the pump pit, or where the main control will be located remotely and conventional “hard wiring” is used between a junction box and the main control.

PIPEBURST PRO Pipeburst Pro PB501 while being extremely cost effective.

The Simplex Oil-Minder System is available in two primary configurations, The Multi-Option Oil-Minder System and the Junior Oil-Minder System.

The Junior System is a good

Keeping Businesses Safe From Flood Damage Few events are more damaging to a business or office building than a flood caused by a failed plumbing or faulty appliances. Being prepared for leaks not only can help keep valuable business assets safe, it also can help minimize flood

damage, and reduce the time and cost of recovery.

Revolutionary PipeBurst Pro is a new professional grade system that provides rapid flood protection. The system protects homes and commercial properties, including assisted living facilities, hotels, retail stores, office buildings, apartments and manufacturing facilities with the most complete clean water domestic flood protection and prevention solution available in the market today. This system, made in the United States, provides rapid domestic flood protection 24 hours a day,

seven days a week. The system combines a unique design using high-tech sensors and proprietary control components which offer flexibility, proven dependability and lasting value.

PipeBurst Pro responds early to prevent costly water damage losses such as hidden mold, ruined flooring, loss of business files and other valuables that cannot be replaced. Quick delivery and easy installation means the system can be protecting office and business owners with peace of mind.

The components that make Pipeburst Pro the smart choice for stopping leaks and water damage to your office or business include: * Notifer Series, those looking to protect apartments and other institutions from water damage will benefit from PipeBurst Pro’s Notifier Series, which includes VIP plus FloTrax, and any number of FloodBugs as needed.

This system alerts managers and staff to the exact location of leaks instantly, allowing rapid response to address the problem. * FloTrax, a control panel, keypad alarm, temperature sensor and two-way communication device all in one, providing complete communication, monitoring and control for the entire PipeBurst Pro system. * FloodBug with SideKick wireless electronic water sensors.

When the FloodBug detects a leak, it will sound an alarm and send a signal to shut off the water supply to the affected area.

When the FloodBug detects a leak, it will sound an alarm and send a signal to shut off the water supply to the affected area. * TickerValve, a full-flow motorized component that cycles back and forth in a 90 degree rotation arc. The valve features a ¾ second close time to stop leaks fast, and a SloFlo “ticking” action to open the valve in several slower steps. Now available in 1-, 1-1/2- and 2-inch valve sizes.

The Quick Close/SloFlo Open is another exclusive feature of PipeBurst Pro. * VIP (Value Interface Panel) with Sidekick is the primary processing control unit for the PipeBurst Pro system. The VIP goes beyond simple water alarms by successfully and proactively controlling potential damage from leaks inside your business. VIP shuts off the water supply, sounds an alarm and lights up an LED display to alert occupants. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 11B

NORTHERN NEW JERSEY Colliers International represented leasee

Hyundai WIA expands US operations into Russo office pk.

C

A R L S TA D T, N J — Hyundai WIA Machine has recently moved into an 87,983 s/f office and distribution facility at 450 Commerce Blvd., owned by Russo Development.

In this build-to-suit lease, Nick Kim of Colliers International represented Hyundai WIA Machine, and Tom Reilly of Jones Lang LaSalle along with Michael Pembroke, senior VP of leasing and marketing for Russo Development, represented the ownership.

“This expansion was in line with Hyundai WIA Machine’s projected growth and market share in North America, said Hyundai WIA’s US pPresident, K. Park. ■

450 Commerce Boulevard

Jones Lang LaSalle represents tenant in 224,935 s/f industrial deal in North Bergen NORTH BERGEN, NJ — Jones Lang LaSalle announced today that National Retail Transportation has agreed to lease a 224,935-square-foot, cross-dock distribution facility at 2400 83rd Street in North Bergen, N.J. A leading third-party logis-

tics (3PL) provider of global logistics services for retailers, importers and manufacturers, National Retail Transportation signed a five-year lease with two five-year options. The company provides a comprehensive list of services such as Consolidation, Transloading,

DC Bypass, Contract Carriage, Truckload, LTL, Store Delivery, Pier & Air Dray, Warehousing & Fulfillment, and Brokerage.

Jones Lang LaSalle vice president Dean Brody represented National Retail Transportation in the transaction. ■

De Ruggiero Realtors leases 3000 s/f office space Bob De Ruggiero, president of Robert De Ruggiero, Inc. leased the second floor office space located on Washington Street, above Hudson City Bank. The 3,000 s/f space at 1018-1020 Washington

St. The landlord, Auzzo & Co. and the tenants, Dan McLoughlin & Annie DiStefano, signed a five-year lease.

Bob De Ruggiero and sales associate Andrew Botticelli

handled the transaction.

De Ruggiero said, “Office and retail space for lease are very much in demand right now, and we have the inventory to accommodate all sizes and requirements.” ■

NAI Hanson wins assignment for medical/ office space LODI, NJ — NAI James E. Hanson secured a leasing assignment for 2,500 s/f of medical/office space at 4 Hunter St. NAI Hanson associate vice president Darren Lizzack, MSRE and sales associate Cheryl Bozzelli are handling the assignment for the owner, Sapna Investments.

“This space benefits from having a centralized location in the heart of Lodi, as well as being inside the Bank of America building with a great window line,” said Lizzack. “The new ownership has completed a build-out that leaves this space in move-in condition.”

WAYNE — NAI James E. Hanson represented North Jersey Spine Group in a five-year, 10,243 s/f lease renewal within Building B at Oak Hill Park,

located at 1680 Route 23.

NAI Hanson sales associate Paul Lockner represented the tenant in this transaction, while Brian Godau vice president of CB Richard Ellis, represented the landlord, Oak Hill Associates.

“It’s the perfect space for a medical practice given its location right along a wellknown major roadway,” said Lockner.

HACKENSACK — NAI James E. Hanson has secured two lease expansions at Randolph Business Center.

NAI Hanson senior vice president John Schilp and vice president Barry Cohorsky represented all parties in the transactions. The owner is RIC Associates, LLC. Norwalt Design signed a 10,495 s/f, five-year expansion

at the site. The company is a resource for automation machinery for numerous industries including plastic injection molders and packagers of food, pharmaceutical, personal care, and household products.

In the second transaction, Surface Source International, a specialty laminate and plastic film supplier, signed a deal for 8,404 square feet of space.

The Randolph Business Center has space availabilities ranging from 7,440 to 9,592 square feet with a maximum contiguous space of 15,102 square feet.

“These are brand new, premier industrial/flex spots with good parking and a prime location,” said Schilp. “To sweeten the deal, the landlord is offering competitive rates and possible financing.” ■

NNJ has its first LEED certified hotel

Hartz Mountain pursues positive enviro. impact W E E H AW K E N , N J — Northern New Jersey has its first LEED certified hotel, the Sheraton Lincoln Harbor Hotel, which was among several Hartz Mountain properties and sustain- Emanuel Stern ability programs that generated recognition and certification from institutions including the United States Green Building Council (USGBC), Environmental Protection Agency and the Building Owners and Managers Association of New Jersey (BOMA).

Sheraton Lincoln Harbor Hotel is a 346-room hotel on the Hudson River waterfront overlooking Manhattan. Originally constructed in 1991, the property was expanded in 1999 and was renovated over the last two years. The renovation included the use of environmentally sound building materials such as low VOC (volatile organic compound) paints and carpeting. Operationally, the hotel also altered its operating practices in an environmentally-friendly way primarily in its housekeeping and laundry departments.

“Green practices are difficult in hotels because they require collaboration with guests who we want to make as comfortable as possible and over whom we have little control,”

said Emanuel Stern, president and COO of Hartz Mountain Industries. “But hotels can be positively wasteful and that makes it all the more important to insist on programming that holds everyone accountable – so we are very gratified to be recognized by the USGBC for our work.”

Hartz Mountain won BOMA New Jersey Chapter’s First Annual Building Energy Reduction Awards program for its advancement of a solar energy program that will have a capacity of 15 MW of power by the conclusion of 2011. Hartz received a second BOMA honor in recognition of energy reduction at five of its commercial properties including, 200 and 400 Plaza Drive in Secaucus, 707 Broad Street in Newark, 15 Exchange Place and 90 Hudson Street in Jersey City.

The energy savings at these locations resulted in an overall consumption reduction of 13% and an annual savings of $262,243.

Hartz’s sustainability program was launched in 2009 to reduce the company’s environmental footprint and included the installation of energy efficient lighting, water conservation measures, and high efficient boilers to optimize buildings’ mechanical features. Also included was a mandate that all the company’s new ground-up construction and major renovations pass a LEED scorecard analysis. ■

Mack-Cali to develop office building for Wyndham Worldwide’s Corporate HQ EDISON, NJ — MackCali Realty Corporation will develop a 203,000 s/f class A office building for Wyndham Worldwide Corporation, enabling the hospitality company to consolidate its Parsippany, NJ-based workforce within a single campus.

The new building will be constructed adjacent to the 250,000 s/f Wyndham Worldwide corporate headquarters at 22 Sylvan Way in the Mack-Cali Business Campus. Upon completion, the two buildings will provide a single, cohesive location for the thousands of associates based in Parsippany, and bring the total square feet leased in the Campus to 453,000, an increase of 14 percent.

The existing class A office building at 22 Sylvan was

completed in 2009 by MackCali during phase one of the campus project for Wyndham Worldwide. As part of phase two, the Company has preleased the new building for 15 years and three months, with both phases now having a co-terminus lease.

Mack-Cali president and chief executive officer Mitchell Hersh, commented, “When we acquired the Campus in 1998, we were attracted to its existing premier buildings and exceptional tenants. The property also offered additional attractive development sites to accommodate the growth needs of first-class companies in this barrier constrained market. We’re pleased that we are able to extend our strong relationship with Wyndham Worldwide in the Campus.” ■

12B â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; New Jersey â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

MAREjournal.com

PRESENTS

300 LIGHTING WAY SECAUCUS, NJ AVAILABLE FOR LEASE 5,000 - 140,000 SF

Join NBA Entertainment, Ernst & Young, Childrenâ&#x20AC;&#x2122;s Place and many Fortune 100 Companies at

Harmon Meadow s -IXED USE STATE OF THE ART CAMPUS SETTING MINUTES FROM -ANHATTAN FEATURING HOTELS

convention center, 15+ restaurants, over MILLION 3& OF OFl CE SPACE AND MILLION 3& OF RETAIL SPACE

s &REE PEAK HOUR SHUTTLE TO AND FROM Secaucus Junction â&#x20AC;&#x201C; direct service to .9# ALL .* 4RANSIT AND !MTRAK LINES s 2EGULARLY SCHEDULED BUS SERVICE TO midtown Manhattan

s !VAILABLE #LASS ! /Fl CE 3PACE

&OR INFORMATION ON OUR PROPERTIES

please contact our leasing department: %RNIE #HRISTOPH ernie.christoph@hartzmountain.com #HARLIE 2EESE charlie.reese@hartzmountain.com Hartz Mountain Industries, Inc. Leasing Dept.

0LAZA $RIVE 3ECAUCUS .EW *ERSEY s 0HONE s &AX 0ROVIDING THE "EST /Fl CE 3OLUTIONS s WWW HARTZMOUNTAIN COM

MAREjournal.com

Mid Atlantic Real Estate Journal â&#x20AC;&#x201D; New Jersey â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; 13B

Industrial Commercial Real Estate Women, Inc. www.icrewnj.org 8:00 AM at the Newark Club

ICREW NJ Breakfast Meeting Planned for Sept. 21, 2011

I

CREW NJ (Industrial/ Commercial Real Estate Women of New Jersey), a Chapter of CREW Network, will hold a monthly breakfast meeting on Wednesday, September 21, 2011 at The Newark Club, One Newark Center, 22nd Floor, 1085 Raymond Boulevard, Newark, NJ 07102, 8:00 AM Networking and Registration, 8:30 AM Program.

The breakfast will feature special guest speaker Collete English Dixon, Vice President of Transactions for Prudential Real Estate Investors (PREI), a business unit of Prudential Financial. Sharing her expertise through a program entitled â&#x20AC;&#x153;Economic Forecast: Navigating Uncertain Timesâ&#x20AC;?, Ms. Dixon will provide insight into todayâ&#x20AC;&#x2122;s real estate and capital markets from her unique vantage point as co-leader of PREIâ&#x20AC;&#x2122;s national investment dispositions program. Ms. Dixonâ&#x20AC;&#x2122;s team is responsible for managing the sale of investment properties on behalf of its clients and completed the sale of more than $3B in portfolio assets in the year 2010. Ms. Dixon is committed to various charitable causes as well as the

advancement of women in real estate, exemplified by her current tenure as President of CREW Network.

this discounted rate. (Cancellations will be given a full refund, only if received prior to September 18th, 2011.)

Every month ICREW NJ members and guests have the opportunity to â&#x20AC;&#x153;give backâ&#x20AC;? through a philanthropic effort.

Please join us in support of â&#x20AC;&#x153;CREW Foundationâ&#x20AC;?. CREW Network established the Foundation to make a difference by 1) helping women and girls who want to experience the same achievements members have enjoyed in the real estate industry, 2) advancing the success of women in commercial real estate through educational programs and 3) by providing scholarships for women pursuing a degree in real estate. Your financial support can have an impact and fulfill the dreams of women in commercial real estate.

ICREW NJ is about educating its members, developing business opportunities and building relationships through networking with others in the real estate industry.

All guests are welcome and encouraged to attend. Qualified professionals are invited to join ICREW NJ!

SEATING IS LIMITED, reserve nowâ&#x20AC;Ś$50.00 per person for ICREW NJ members and guests at this special meeting where new and prospective members are encouraged to attend. Company tables of 10 are availableâ&#x20AC;Ś$350 for ICREW NJ Member Company and $550 for Non-Member Company. Take advantage of

ICREW NJ is the New Jersey organization for women involved in all aspects of commercial and industrial real estate. Members represent fields as diversified as accountants, architects, appraisers, asset/property managers, attorneys, consultants, developers, lenders, leasing and sales brokers, mortgage bankers/brokers, marketing specialists, market and investment analysts, corporate real estate representatives and title/escrow officers. For more information on programming, sponsorship or membership, please contact ICREW NJ at (609) 585-6871, via email icrewnj@crewnetwork.org or visit their website at www. icrewnj.org â&#x2013;

,1'8675,$/ &200(5&,$/ 5($/ (67$7( :20(1 ,1& 6JG .GCFKPI 1TICPK\CVKQP QH 9QOGP 4GCN 'UVCVG 2TQHGUUKQPCNU KP 0, 5KPEG

+%4'9 0, /'#05 $75+0'55 +%4'9 0, /'#05 4'#. '56#6' ':2'46+5' +%4'9 0, 72%1/+0) '8'065

,&5(: 1- %2$5' 2) ',5(&7256 3UHVLGHQW 6KHLOD 1DOO .66 $UFKLWHFWV

3UHVLGHQW (OHFW &5(: 1HWZRUN 'HOHJDWH &KHU\O +DUGW &% 5LFKDUG (OOLV

7UHDVXUHU 6HĂ&#x20AC; 6LOYHUVWHLQ :LONLQ *XWWHQSODQ

5HFRUGLQJ 6HFUHWDU\ 3DWULFLD )DXONQHU 1$, *OREDO

'LUHFWRU RI 0HPEHUVKLS 1DQF\ :LWW 6ZHHWZDWHU &RQVWUXFWLRQ

'LUHFWRU RI 3URJUDPPLQJ 0RQLFD &HUHV *LRUGDQR +DOOHUDQ &LHVOD

'LUHFWRU RI 3KLODQWKURS\ 6XVDQ .DUS )DUHU )HUVNR

,&5(: 1-

'LUHFWRU RI 6SRQVRUVKLS 3DW 5LHGHO &% 5LFKDUG (OOLV

0DU\ /\QQ .HDUQV 'DQNHU 6HOOHZ 'RXJODV

'LUHFWRU RI 6SHFLDO 3URMHFWV *ROI 5RELQ *URVVPDQ (GJH 7HFKQRORJLHV

'LUHFWRU RI 6SHFLDO 3URMHFWV :HEVLWH 35 5HEHFFD 0DFKLQJD :LWKXP6PLWK %URZQ $GYLVRU &5(: 1HWZRUN 'HOHJDWH 6LOYDQD )LQL]LR &DURXVHO ,QGXVWULHV

$GYLVRU $QQHWWH 0XUUD\ :LONLQ *XWWHQSODQ

$GYLVRU %\ODZV -HQQLIHU 3DOHVWUL 1RUPDQG\ 5HDO (VWDWH 3DUWQHUV

24152'%6+8' 0'9 /'/$'4 $4'#-(#56 'EQPQOKE (QTGECUV 0CXKICVKPI 7PEGTVCKP 6KOGU 2TGUGPVGF D[ %QNNGVG 'PINKUJ &KZQP 82 QH 6TCPUCEVKQPU 2TWFGPVKCN (KPCPEKCN 2TWFGPVKCN 4GCN 'UVCVG +PXGUVQTU

5GRVGODGT Ĺ&#x2013; 6JG 0GYCTM %NWD ^ 4C[OQPF $NXF 0GYCTM 0, 4GIKUVTCVKQP CPF PGVYQTMKPI CO Ĺ&#x2013; 2TQITCO CO

%JGEM YYY +%4'90, QTI HQT OQTG FGVCKNU

:KLWHKRUVH 0HUFHUYLOOH 5G %OGJ % 6WH Â&#x2021; 7UHQWRQ 1- 3KRQH Â&#x2021; )D[ Â&#x2021; LFUHZQM#FUHZQHWZRUN RUJ Â&#x2021; ZZZ LFUHZQM RUJ

$ 0(0%(5 25*$1,=$7,21 2) 7+( &200(5&,$/ 5($/ (67$7( :20(1 1(7:25. :( :(/&20( 1(: 0(0%(56 $1' ,148,5,(6

President Shelia Spriggs Nall KSS Architects snall@kssarchitects.com President Elect & CREW Network Delegate Cheryl Hardt CB Richard Ellis, Inc. cheryl.hardt@cbre.com Treasurer Sefi Silverstein, CPA Wilkin & Guttenplan ssilverstein@wgcpas.com Recording Secretary Patricia Faulkner NAI Global pfaulkner@naiglobal.com Director of Programming Monica Ceres Giordano Halleran & Ciesla, PA mceres@ghclaw.com Director of Philanthropy Susan C. Karp Farer Fersko, P.A. skarp@farerlaw.com Director of Sponsorship Patricia Riedel CB Richard Ellis, Inc. patricia.riedel@cbre.com Director of Sponsorship Mary Lynn Kearns Dancker, Sellew & Douglas mkearns@dancker.com Director of Special Projects: Golf Robin Grossman Edge Technologies rgros30687@aol.com Director of Special Projects: Website/PR Rebecca Machinga WithumSmith+Brown PC rmachinga@withum.com Advisor & CREW Network Delegate Silvana Finizio Carousel Industries sfinizio@carouselindustries.com Advisor Annette Murray Wilkin & Guttenplan amurray@wgcpas.com Advisor & Bylaws Jennifer Palestri Normandy Real Estate Partners jpalestri@normandyrealty.com

14B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952

Southern NJ Chapter Appraisal Institute 2011 Chapter Officers President A. Craig Black, SRA blackc@toddandblack.com Vice President Jerome McHale, MAI jmchale@jmchaleassoc.com Treasurer Kristin Mansfield kristin.mansfield@yesbank.com Secretary Jacob Ramage, MAI jake.ramage@cushwake.com Director (through ’13) Jerrold McCarron jerrymccarron@aol.com Director (through ’13) Michael S. Sapio, MAI northstarappraisal@msn.com Director (through ’12) Ed Kay edkayinc@comcast.net Director (through ’12) Joseph V. Heenan, SRA jheenan613@comcast.net Director (through ’11) Edward T. Molinari, SRA ed@molinari.us Director (through ’11) Andrea Senatore als9463@comcast.net Past President John P. Corbett, MAI John.corbett@cushwake.com

Don’t miss what you need to take and what you need to know!

MANY different, new, interesting seminars coming to South Jersey!

D

o you realize that on September 1st, you will need to change the way you “think” when developing and reporting a residential appraisal assignment?

Every appraisal report used in a transaction that involves Fannie Mae or Freddie Mac must comply with the Uniform Appraisal Dataset (UAD)! The Appraisal Institute has created a one-day, 7-hour seminar to address these important changes: “Fannie Mae & Freddie Mac’s Uniform Appraisal Dataset.”

The UAD entails learning new definitions for condition and quality, updating and remodeling and many other “standardized” responses to provide your client with a UAD-compliant appraisal report! Not to mention understanding the USPAP and liability ramifications of the standardization. Don’t be fooled, there is much to learn about the new UAD; so come and attend this one-day seminar to successfully transition to the new way of thinking.

The Southern New Jersey Chapter of the Appraisal Institute will hold this class on Wednesday, July 13th at the Adelphia Restaurant and Conference Center in Deptford.

Register on-line at www.appraisalinstitute.org/education/ southernNewJersey or contact Lisamayweiss@hotmail.com to reserve a spot.

Members of the Appraisal Institute at a recent seminar held in Atlantic City, sponsored by the Southern New Jersey chapter.

In other SNJAI Chapter news: Congratulations to Tim Golden! He will be representing the Southern New Jersey Chapter at the 2011 Leadership Advisory and Development Council, to be held July 26-28 at the Hyatt Regency Washington in Washington, D.C. The annual event features roundtable discussions on hot topics and an advocacy visit to Capitol Hill.

The Appraisal Institute is a global membership association of professional real estate appraisers, with more than 24,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property

economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws.

Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. The Southern New Jersey Chapter has over 150 members and offers a wide variety of educational, professional and social events and opportunities throughout the year. For more information on the SNJAI, contact Chapter Executive Director Lisa Weiss at 856-415-0281 or lisamayweiss@hotmail.com ■

Attention SOUTHERN NJ CHAPTER APPRAISAL INSTITUTE Members!!!

If you would like to submit articles or transactions to appear in the Mid Atlantic Real Estate Journal, please contact:

Linda Christman, Publisher 800-584-1062 x 203 or email Linda at lchristman@marejournal.com

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 15B

Southern New Jersey Chapter Of the Appraisal Institute www.ai-snj.org As the leading organization for professional real estate appraisers, the Appraisal Institute represents more than 25,000 members and 91 chapters worldwide. The Southern New Jersey Chapter has over 160 members. They perform a variety of services ranging from single family valuation to feasibility studies for regional malls & hotel-casinos.

Whether it’s assistance on a home purchase or providing expert testimony for litigation, our members are uniquely quali¿ed to meet these needs. For more information regarding the Southern NJ Chapter of the Appraisal Institute visit: www.ai-snj.org, or call Executive Director Lisa Weiss at 856-415-0281.

2011 Designated Members of the Southern NJ Chapter of the Appraisal Institute J. Paul Bainbridge, MAI

Cape May Ct. House

(609) 465-9978

Allen L. LittleÀeld, SRA

Hammonton

(609) 704-9609

Steven W. Bartelt, MAI, SRA

Turnersville

(856) 582-5892

Gary P. Lombardi, SRA

Manahawkin

(609) 709-3902

A. Craig Black, SRA

Cherry Hill

(856) 662-7676

Bonnie L. Longo, MAI, SRA

Sewell

(856) 582-4611

Allen G. Black, MAI, SRA

Cherry Hill

(856) 662-7676

Eileen Lynn, MAI

Philadelphia

(215) 842-0649

Edward J. Bligh, MAI, SRA

Marlton

(609) 983-3218

Jerome J. McHale, MAI

Mt. Laurel

(856) 722-0205

Harry Carroll, Jr., MAI, SRA

Cherry Hill

(856) 795-4042

F. Pat McIlhinney, MAI, SRA

Cherry Hill

(856) 795-4042

Lana Chiappetta, MAI

Medford

(609) 714-7402

Edward T. Molinari, SRA

Woodbury

(856) 853-7622

Patrick K. Conover, MAI

Galloway

(609) 652-6553

Robert Parmley, SRA

Forked River

(609) 292-2573

John P. Corbett, MAI

Philadelphia

(215) 963-4061

Patricia A. Quigley, SRA

Philadelphia

(215) 247-4425

David A. Curley, SRA

Mt. Laurel

(856) 795-0875

Jacob Ramage, MAI

Philadelphia

(215) 888-3560

Eugene P. Davey, SRA

Philadelphia

(215) 523-9104

Thomas C. Reynolds, SRPA

Wilmington, DE

(302) 575-0955

Thomas C. Davis, SRA

Delran

(856) 764-6500

Lee L. Romm, MAI, SRA

Marlton

(856) 983-5500

John E. Doyle, MAI

Philadelphia

(215) 231-9900

Michael Sapio, Jr., MAI, SRA

Blackwood

(856)7 83-6835

Scott A. Eiffes, MAI

Moorestown

(856) 234-9252

Michael Sapio, MAI

Bellmawr

(856) 933-1272

E. Guy Elzey, III, SRA

HaddonÀeld

(856) 429-8800

R. M. Sapio, MAI, SRA

Voorhees

(856) 429-2789

Emmons G. Elzey, Jr, SRA

HaddonÀeld

(856) 429-8800

William J. Sapio, MAI

Linwood

(609) 927-5728

Phillip Fortuna, SRA

Philadelphia

(215) 925-1212

Dennis A. Scardilli, Esq, MAI

Absecon

(609) 568-0432

Mary F. Fox, MAI

Cape May

(609) 884-1995

Jack Sheehan, MAI

Wenonah

(856) 468-0068

David J. Frett, SRA

West Berlin

(856) 753-3030

Timothy Sheehan, MAI, SRA

Cherry Hill

(856) 662-0027

James C Frisby, SRA

Ocean City

(609) 814-9333

Richard Sheldon, MAI, SRA

Haddon Heights

(856) 546-4900

John M. Gapszewicz, MAI

Philadelphia

(215) 841-5258

Thomas J. Sliwowski, SRA

Pitman

(856) 218-2800

Ronald A. Hagel, MAI, SRA

Vineland

(856) 691-7055

Pasqual A Sorge, MAI

Mt. Laurel

(856) 234-2893

Mark J. Hanson, MAI, SRA

Ocean City

(609) 398-3189

John T. Stone, MAI

Cape May Court House (609) 861-9030

Donna Harris, SRA

Shiloh

(856) 453-8889

Robert Thomapson, MAI, SRA

Ocean City

(610) 331-9031

Joseph V. Heenan, SRA

Ocean City

(609) 391-8862

Robert J. Tighue, MAI

Cherry Hill

(609) 792-0684

Henry Herskowitz, MAI, SRA

Cherry Hill

(856) 795-8700

Joseph E.Tighue MAI, SRA

Brigantine

(609) 266-7334

Michael D. Jones, MAI

Cape May Court House (609) 463-4622

Merilynn P. Verderame, SRA

HaddonÀeld

(856) 234-8400

William J. Kennedy, MAI

Medford

(856) 396-7652

Benjamin R. Vukicevich, SRA

Stratford

(856) 784-7036

M. Bruce Leff, SRA

Newark, DE

(856) 287-3690

John H. Walton, Jr, MAI, SRA

Medford

(856) 795-8700

Norman LeGore, MAI, SRA

Vineland

(856) 692-7889

John Weber, Jr,, MAI, SRA

Hamilton Square

(609) 586-3500

Frank S. Librizzi, MAI, SRA

Haddon Heights

(856) 854-2478

Gerald Francis White, SRA

Pennsauken

(856) 663-5134

16B — September 9 - 22, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

NEW JERSEY AMC Fire Protection

How Fire Sprinkler Systems Operate

C

ontinued from page 2B thermal linkage and cap in place, and support the deflector during discharge. Frame styles include standard and low profile, flush, and concealed mount.

Some frames are designed for extended spray coverage, beyond the range of normal sprinklers. Standard finishes include brass, chrome, black, and white. Custom finishes are available for aesthetically sensitive spaces. Special coatings are available for areas subject to high corrosive effect. Selection of a specific frame style is dependent on the size and type of area to be covered, anticipated hazard, visual impact features, and atmospheric conditions.

• Thermal linkage – The thermal linkage is the component which controls water release. Under normal conditions the linkage holds the cap in place and prevents water flow, however, as the link is exposed to hear it weakens and releases the cap. Common linkage styles include soldered metal levers, frangible glass bulbs, and solder pellets. Each link style is equally dependable.

Upon reaching the desired operating temperature, an approximate 30 second to 4 minute time lag will follow.

This lag is the time required for linkage fatigue and is largely controlled by the link materials and mass. Standard responding sprinklers operate closer to the 3 to 4 minute mark while quick response (QR) sprinkler operate in significantly shorter periods. Selection of a sprinkler response characteristic is dependent upon the existing risk, acceptable loss level and desired response action.

• Cap – The cap provides the watertight seal that is located over the sprinkler orifice. This component is held in place by the thermal linkage. Operation of the linkage causes the cap to fall from position and permit water flow. Caps are constructed solely of metal or a metal with a Teflon disk.

• Orifice – The mechanical opening at the base of the sprinkler frame is the orifice.

It is from this opening that extinguishing water flows.

Most orifice openings are ½ inch diameter with smaller bores available for residential

applications and larger openings for higher hazards.

• Deflector – The deflector is mounted on the frame opposite the orifice. The purpose of this component is to break up the water stream discharging from the orifice into a more efficient extinguishing pattern.

Deflector styles determine how the sprinkler is mounted by the angle of their lines.

Common sprinkler mounting styles are upright (mounted above the pipe), pendent (mounted below the pipe, i.e. under ceilings), and sidewall sprinklers that discharge water in a lateral position from a wall. The sprinkler must be mounted as designed to ensure proper action. Selection of a particular style is often dependent upon physical building constraints.

Fire Sprinkler System Water Source All sprinkler systems require a reliable water source.

In urban areas, a piped public service is the most common supply, while rural areas generally utilize private tanks, reservoirs, lakes, or rivers. Where a high degree of reliability is desired, or a single source is undependable, multiple supplies may be utilized.

Basic Fire Sprinkler Water Source Criteria Include: • The source must be available at all times – Fires can happen at any time and therefore, the water supply must be in a constant state of readiness. Supplies must be evaluated for resistance to pipe failure, pressure loss, droughts, and other issues that may impact availability.

• The system must supply adequate sprinkler supply and pressure – A sprinkler system will create a hydraulic demand, in terms of slow and pressure, on the water supply.

The supply must be capable of meeting this demand. Otherwise, supplemental components such as a fire pump or standby tank must be added to the system.

• The supply must provide water for the anticipated fire duration – Depending on the fire hazard, suppression may take several minutes to over an hour. The selected source must be capable of providing sprinklers with water until suppression has been

achieved.

• The system must provide water for fire department hoses operating in tandem with the sprinkler system.

Most fire department procedures involve the use of fire attack hoses to supplement sprinklers. The water supply must be capable of handling this additional demand without adverse impact on sprinkler performance.

Selection of Fire Sprinkler Pipe Materials Sprinkler water is transported to fire via a system of fixed pipes and fittings. Piping material options include various steel alloys, copper, and fire resistant plastics.

Steel is the traditional material with copper and plastics utilized in many sensitive applications.

Primary Considerations for Selection for Pipe Materials Include: • Ease in installation – The easier the material is installed, the less disruption is imposed on the institution’s operations and mission. The ability to install a system with the least amount of disturbance is an important consideration, especially in sprinkler retrofit applications where building use will continue during construction.

• Cost of material versus cost of protected area – Piping typically represents the greatest single cost item in a sprinkler system. Often there is a temptation to reduce cist by utilizing less expensive piping materials that may be perfectly acceptable in certain instances, i.e. office or commercial environs. However, in museum applications where the value of contents may be far beyond sprinkler costs, appropriateness of the piping should be the deciding factor.

• Contractor familiarity with materials – A mistake to be avoided is on in which the contractor and pipe materials have been selected, only to find out that the contractor is inexperienced with the pipe.

This can lead to installation difficulties, added expense, and increased failure potential. A contractor must demonstrate familiarity with the desired material before selection.

• Prefabrication requirements or other installation constraints – In some instanc-

es requirements may be imposed to limit the amount of work time in the space. This will often require extensive prefabrication work outside of the work area. Some materials are easily adapted to prefabrication.

• Material cleanliness – Some pipe materials are cleaner to install than others.

Various materials are also resistant to accumulation in the system water. Cleanliness of installation and discharge should be a consideration.

• Labor requirements – Some pipe materials are heavier or more cumbersome to work with than others. Consequently additional workers are needed to install pipes that can add to installation costs. If the number of construction workers allowed into the building is a factor, lighter materials may be beneficial.

Major Fire Sprinkler System Components The basic components of a fire sprinkler system are the sprinklers, system piping, and a dependable water source. Most systems also require alarm and system control valves.

Other Major Sprinkler System Components Include: • Control valves – A sprinkler system must be capable of shut down after the fire has been controlled, and for periodic maintenance and modification. Control valves provide this function. In the simplest system a single shutoff valve may be located at the point where the water supply enters the building. In larger buildings the sprinkler system may consist of multiple zones with a control valve for each. Control valves should be located in readily identified location to assist responding emergency personnel.

• Alarms – Alarms alert building components and emergency forces when a sprinkler water flow occurs.

The simplest alarms are water driven gongs supplied by the sprinkler system. Electrical flow and pressure switches, connected to a building fire alarm system, are more common in large buildings.

Alarms are also provided to alert building management when a sprinkler valve is closed.

• Drain and test connec-

tions – Most sprinkler systems have provisions to drain pipes during system maintenance. Drains should be properly installed to remove all water from the sprinkler system, and prevent water from leakage onto protected spaces, when piping service is necessary. It is advisable to install drains at a remote location from the supply, thereby permitting effective system flushing to remove debris. Test connections are usually provided to simulate the flow of a sprinkler flow, thereby verifying the working condition of alarms. Test connections should be operated every 6 months.

• Specialty valves – Drypipe and preaction sprinkler systems require complex, special control valves that are designed to hold water from the system piping until needed. These control valves also include air pressure maintenance equipment and emergency operation/release systems.

• Fire hose connections – Fire fighters will often supplement sprinkler systems with hoses. Firefighting tasks are enhanced by installing hose connections to sprinkler system piping.

The additional water demand imposed by these hoses must be factored into the overall sprinkler design in order to prevent adverse system performance.

• Backflow preventer – The normal backflow requirement for an automatic fire sprinkler system is a double check valve assembly. When chemical additives are a part of the sprinkler system, such as anti-freeze, the backflow protection is typically by a reduced pressure principle backf0low preventer. A backflow preventer prevents the backflow of polluted water into the potable water supply.

• Manifold – Manifolds are used to run direct water lines to each plumbing fixture.

The manifold system saves installers time by eliminating the number of connections required in the system. Pressure fluctuations are also reduced.

AMC Fire Protection provides you with 1-stopshopping for all your fire and security protection needs. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — September 9 - 22, 2011 — 17B

“ASK AN EXPERT” DIRECTORY INQUIRING MINDS WANT TO KNOW HOW TO FIND OUR Scott C. Butler Neil A. Stein Andrew B. Cohn

Suite 310 LibertyView 457 Haddonfield Road Cherry Hill, NJ 08002 856-675-1550

910 Harvest Drive Blue Bell, PA 19422 610.260.6000 www.kaplaw.com

Lehigh Valley 1031, LLC … a Qualified Intermediary serving the greater Lehigh Valley

Website

LehighValley1031.com

Address

904 Lehigh Street Easton, PA18042

Phone

610-250-9712

Fax

610-559-9604

Hours

Monday–Friday 9:00am–5:00pm EST

Email

info@lehighvalley1031.com

Steven B. Molder President

MANKO | GOLD | KATCHER | FOX LLP AN ENVIRONMENTAL AND ENERGY LAW PRACTICE 401 City Avenue, Suite 500, Bala Cynwyd, PA 19004 TEL: 484-430-5700 535 Route 38, Suite 145A, Cherry Hill, NJ 08002 TEL: 856-317-1299

www.mgkflaw.com

Michael P. Hedden, MAI, CRE, FRICS Managing Director Real Estate Advisory Group American Appraisal 650 College Road East Suite 1500 Princeton, NJ 08540 p: 609.452.2330 x 262 / mobile 609.651.2529 direct 609.514.8262 / f: 609.452.0734 www.american-appraisal.com • • • • • • • •

Accounting & Auditing Tax Planning & Compliance Cost Segregation Studies Property Management Services Section 1031 Like Kind Exchanges Valuations & Appraisals Succession & Estate Planning Business Advising & Consulting

To learn more, call Brian Kloza, Partner-in-Charge, Real Estate Services at 973-994-9400 or visit us online at www.wiss.com.

H2M

www.h2m.com

engineers | architects | scientists | planners 119 Cherry Hill Road, Suite 200 Parsippany, New Jersey 07054 862.207.5900 fax 973.334.0507

575 Broad Hollow Road Melville, New York 11747 631.756.8000 fax 631.694.4122

Is there a missing piece in your proposal?

Ask the expert at…

www.kipcon.com / marketing@kipcon.com / (800)828-4118

If you have a specific question that you would like to ask our experts in the fields of Development, Design, Construction, Appraisal, Planning, Finance or Law, you may visit our website at www.marejournal.com. Click Ask An Expert, and submit your question or to view each of our experts' bios, please click on their photos.

For more information contact Linda Christman, Publisher at 1-800-584-1062, x 203

B Back Cover — September 9 - 22, 2011— New Jersey — Mid

Atlantic Real Estate Journal

Available Spring 2012 104 Bayard Street, New Brunswick Commercial Office Building FOR LEASE Basing the design around a slender, downtown urban site, this new 18,000 SF six-story building will have retail at ground level and five levels of office space above.

The exterior facade features large windows that provide an abundance of natural daylight on two sides of the building. A composition of ribbed and smooth-faced metal panels clad the remaining walls.

The building will have a green roof, the first planned for downtown New Brunswick.

LEED® Silver Certification is being pursued.

FOR LEASING Please Call Sean Murray Tekton Development Corp.

97 Bayard Street New Brunswick, NJ 08901 T: (732) 247-9700 Ext 104 F: (732) 247-9750 www.tektondevelopment.com

MAREjournal.com

Pennsylvania

Shopping C enters R E J eal

state ournal

Section C of the Mid Atlantic Real Estate Journal

Adams negotiates lease renewal in Allentown

B

Dorman of Nai Summit sells office space totalling $950,000 in Bethlehem, PA

ethlehem, PA — Matthew Dorman of NAI Summit represented both the owner, Schoenersville Road Realty, and the buyer, Minnett Properties, LP, in the sale of 17,453 s/f of office space at 31 South Commerce Way in the Lehigh Valley Industrial Park, IV. The location was formerly a Triangle Tech location. The sale price of the transaction was $950,000.

The building is slated to be renovated and converted

31 South Commerce Way into a multi-tenant building sional use. including medical and profesALLENTOWN — Michael Adams of NAI Summit repre-

September 9 - 22, 2011

HI-LIGHTS LMS Commercial celebrates 20 years LMS Commerical Real Estate celebrates 20 years in Central Pennsylvania Company of the Month.

See page 9-12C.

NAI Mertz completes 17,500 s/f lease Lashner & Licht of NAI Mertz announced the lease completed of 17,500 s/f industrial space.

See page 3C.

ALSO INSIDE: Central PA Spotlight. .............................................. 5-15C Central PA Company of the Month......................... 9-12C Crew Lehigh Valley.............................................. 18-19C Section C, 24 pages

MAREjournal.com

7010 Snowdrift Rd. sented Heartland Pharmacy 14,466 s/f of office space at of Pennsylvania in negotiat- 7010 Snowdrift Rd. (Iron Run ing a 2-year lease renewal for Corporate Center). n

25,200 s/f class A on a 6.15 acre site at 1175 East Mountain Blvd.

Mericle constructing new spec office building in Plains Township Plains Township, pA — Mericle Commercial Real Estate Services has begun constructing a 25,200 s/f class A speculative office building at the main entrance of the Corporate Center at East Mountain in Luzerne County.

The building is being constructed on a 6.15 acre site at 1175 East Mountain Boulevard. Mericle has designed the building to be single-story with a brick exterior, large windows, a large parking area, The new facility will be the sixth constructed on speculation by Mericle in the Corporate Center at East Mountain and the third since the com-

Fa i r f i e l d I n n a n d S u i t e s Ba l t i m o re , MD

Corporate Center at East Mountain pany announced a multi-year to attract medical professiondevelopment plan in 2008 to als and financial and business construct 11 office buildings services firms. in the park. The buildings will The company’s VP of marrange in size from 15,000 s/f to keting Jim Cummings said 100,000 s/f and most will be the new building can be subconstructed on speculation. divided to as small as 3,000 Mericle expects the building s/f. n

L i b e r t y P r o p e r t y Tr u s t - H u n t e r s G r e e n Hage rs to w n, MD

C Inside Cover — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — September 9 - 22, 2011 — 1C

2C — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PENNSYLVANIA Geis Realty represents Schnader Harrison

Fidelity Commercial brokers 22,606 s/f sublease in Phila.

P

HILADELPHIA, PA — Smart Devine, LP and its wholly owned subsidiary Nihill & Riedley, P.C., has entered into a sublease agreement with Schnader Harrison for the entire 32nd floor at 1600 Market St. The sublease is for seven years, six months and consists of approximately 22,606 s/f. Nihill & Riedley currently occupies approximately 17,000 s/f at the Public Ledger building.

The move to 1600 Market St. will take place in September 2011.

Nihill & Riedley specializes in forensic accounting. Smart Devine, LP plans to expand the size and scope of the company moving forward. Nihill & Riedley, P.C. is the first acquisition of Smart Devine, LP.

1600 Market Street Smart Devine, LP was formed in 2010 by James Smart and Richard Devine, the former CEO and CFO respectively of

Hawley Realty’s Laubach brokers 5,855 s/f

Smart Business Advisory and Consulting, LLC. That company was founded in 1988 with 7 accountants and grew to more than 600 employees and 14 locations worldwide and ultimately sold to Great Hill Partners, LLC in a deal valued at $118,000 in 2007. The company had been ranked as the 22nd largest accounting firm in the country with revenues in excess of $107,000.

Smart Devine, LP was represented in the sublease transaction by Fidelity Commercial, which represents clients throughout the Philadelphia Region, United States and Canada.

Schnader Harrison was represented by Geis Realty. ■

Pennsylvania Real Estate Journal a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

MAREjournal.com

Section Publisher Elaine Fanning

efanning@MAREJournal.com

2901 Emrick Blvd.

BETHLEHEM, PA — Jarrett Laubach, associate broker with Hawley Realty Inc. represented the property owner, Bethlehem Building Investments LLC, in their recent lease transaction for

5,855 s/f of space in this class A professional office and medical building at 2901 Emrick Blvd. to Orthopedic Associates of Allentown Ltd. This 20,000 s/f professional building is now 70% leased. ■

PENNCO REAL ESTATE

Section Editor

Karen Vachon editor@marejournal.com

44,000 +/- s/f office building Asking $6,500,000 Coldwwell Banker Commercial Pennco has been engaged as an exclusive agent to market a 44,000 +/- s/f office building located just off Route 78/Lehigh St. on South 12th St. in Allentown, PA. This building consists of four floors with recent renovation, some office furnishings provided On Site parking and easy access to I-78.

Property being offered at $6,500,000.00.

{

PAVING THE WAY FOR DEVELOPMENT IN NORTHEASTERN PA 570-476-7711 | www.CBCPennco.com

1250 N. 9th Street, Stroudsburg, PA 18360

}

CONTACT TERRI MICKENS, CCIM Cell: 570-242-3962

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — September 9 - 22, 2011 — 3C

PENNSYLVANIA At 85 Steamboat Dr. in Warminster

Proven Track Record.

Locally. Globally.

NAI Mertz’s Lashner & Licht complete 17,500 s/f lease

W

ARMINSTER, PA — NAI Mertz announced the lease transaction completed between 2380 Maryland Road Associates, LP and their new tenant, Cheetah Transportation/Hawk Vision Moving & Storage occupying 17,500 s/f of industrial space at 85 Steamboat Dr. Adam Lashner and Jeff Licht represented the landlord.

The property is a 18,655 s/f modern, one-story, industrial building situated on 2.254 acres, including a large, fenced yard. The new tenant will

Leasing & Sales

We can help to get your commercial real estate deal across the Ûnish line

Asset Management

Retail & Medical Investment Sales Project Management

85 Steamboat Drive occupy the building in its en- s/f modern, one-story, industirety minus the second floor trial building situated on 2.254 office area. acres, including a large, fenced The property is a 18,655 yard. ■

Property Management

Office & Industrial

• $34.5 million deals closed in Lehigh Valley, PA in 2010

• $45 billion deals closed world wide in 2010

Summit

3435 Winchester Rd Suite 300 Allentown, PA 18104 610 264 0200 www.naisummit.com

Commercial Real Estate Services, Worldwide.

Orthologix chooses Korman’s Neshaminy Interplex

Neshaminy Interplex TREVOSE, PA — Korman Commercial Properties announced the signing of Orthologix to its Neshaminy Interplex property.

The first of its kind Orthotic and Prosthetic Center will occupy 5,773 s/f in the multi purpose single story Interplex Court building. The building is perfect for healthcare related companies. The Orthologix space includes patient care suites, a large patient education center, a gait laboratory and a technology center.

“We are thrilled with the addition of Orthologix to the Interplex family”, said Jerry Segal, senior vice president of Korman Commercial Properties, who developed and manages the Interplex.

The Neshaminy Interplex is located at the intersection of US Route 1 and Old Lincoln Hwy. ■

High Associates’ Wentz inks 2,000 s/f EPHRATA, PA — Complete in Box, LLC has leased 2,000 s/f of retail space in the Trout Run Business Center located at 368 North Reading Rd. Jim Wentz, CCIM, of High Associates Ltd.’s Lancaster Corporate Office, represented both the landlord, John Haller, and the tenant. ■

Our Real Estate Team Specializes In... t t t t t

Apartment Complexes Condominiums Industrial Buildings Office Buildings Shopping Centers

ROBERT D. ODELL, CIC Chairman rodell@odellstudner.com 484-586-3907 (direct) 866.282.9742 (toll free) www.odellstudner.com

Visit us at PA/NJ/DE ICSC Show at Booth # 1020

4C â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; Pennsylvania â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

! /425$3-4!1+5!/$$)240 5 /2 3243205+/!104/25 .3105 )4+-42"51$324043* %,5 1$35 32)3

! ! %&,,,5 5 %&,,,5( 5 4"'5 1 5 1.3'/)*35 (#.42 +3.*&514.5./0104/2 %5 $4"5 /1'310&5-/! *5 5-.4 3 425-//.*

!

Co-tenants: Shurfine Market, Rite Aid, McDonalds, & Starbucks 51!.35#1-5 5 &,,,5( 5 ( .12- 43 5('/##42"5 3203. Great architectural flare !

51#0 5)240*5425 5 )4+-42"* 25'31.05/ 5 300 * )."&5 304!)+/)*+ 5$14201423-5 %,5(/)0'5 .12 +425(0.330 5 5 '4+1-3+#'415(0 &5(03 5 /. &5 322* + 1241 % % % 55555 & &'# ' "#"' %'"

MAREjournal.com

PENNSYLVANIA School Lane House Apartments in Philadelphia

Marcus & Millichapâ&#x20AC;&#x2122;s Thomson and Pierce broker loan sale

P

HILADELPHIA, PA â&#x20AC;&#x201D; Marcus & Millichap Real Estate Investment Services has brokered the sale of the School Lane House Apartmentsâ&#x20AC;&#x2122; whole mortgage loan. Mark Thomson, an associate VP, Mark Thomson and Zachary Pierce, a multifamily housing investment specialist, represented the seller and procured the buyer, a joint Zachary Pierce

School Lane House Apartments venture between Resource Real Estate and a Northeastbased private hedge fund. â&#x20AC;&#x153;We were hired to find an all-cash buyer in 35 days,â&#x20AC;? said Thomson. â&#x20AC;&#x153;We streamlined the marketing process

to ensure that all of the due diligence was completed up front. We conducted 27 property tours, generated 16 offers and closed on time at the price that the bank was looking for as a result of the competitive process,â&#x20AC;? adds Thomson. â&#x2013;

Epstein of Berger-Epstein Associates completes 2,000 s/f lease ALLENTOWN, PA, BergerEpstein Associates, Inc. has completed a lease transaction with United States Congressman Charles W. Dent for over 2,000 s/f at The Offices at 3900 Hamilton Center.

Jonathan Epstein, CCIM of Berger-Epstein Associates, Inc. represented the tenant and landlord. â&#x2013;

3900 Hamilton Center

Steve Farrell, Owner/Broker Office: 570.587.7000 ext 1102 Cell: 570.840.8590

DPN 'PS 4JUF 4FMFDUJPO JO /PSUIFBTU 1"

Best available parcel in NEPA! 30 Acres. Clean Phase I, located between Scranton / W-B Airport, resorts, shopping.

Asking $6,500,000.

Serious inquires only.

Moosic, PA Lake Aleeda Bear Creek, PA $2,000,000

108 Narrows Road Larksville, PA $265,000

449+ acres

8IFO ZPV UIJOL /PSUIFBTU UIJOL 1FOO T /PSUIFBTU

JOGP!QFOOTOPSUIFBTU DPN

Private, 68 acre lake with 8 acre island. Approved for: 11 one acre lakefront lots, 20 half acre off shore building lots, 40 additional lots on property (current subdivision in Bear Creek is min of 2 acres).

Property being sold as whole.

Currently no gas lease on property. Located between Scranton and Wilkes-Barre metropolitan markets. Serious inquiries only, please.

4000 sf steel building, auto-related services, 5 drive-in doors. Well maintained property, suitable for a variety of uses. High traffic, high visability.

PENNSYLVANIA SPOTLIGHT CENTRAL PA MAREjournal.com

Mid Atlantic Real Estate Journal — Central Pennsylvania Spotlight — September 9 - 22, 2011 — 5C

Michael Baxter Jr. of Michael Baxter & Associates represents landlord in 2,800 s/f lease

Sourbeer and Gainor of NAI CIR handle $4.4 million office/medical transaction

S

OUTH MIDDLETON TWP., PA — Schoolhouse Partners, LP has purchased two office/medical buildings totaling 38,810 s/f at 2 & 3 Jennifer Court. Jason Sourbeer and Erik Gainor, both of NAI CIR, handled the $4.4 million transaction between Schoolhouse and the seller, Premier Group Management, LLC. Volvo Construction Equipment North America, LLC has leased 28,800 s/f of office space at 35 Springhouse Rd., Shippensburg. Jack Shepley of NAI CIR represented the property owner, Hoffman Mills, Inc., and Ronald Clever of Smart Choice Realty represented Volvo.

Lin Hibachi will open a restaurant in 7,000 s/f of space it

has leased at 496 Eisenhower Dr., Hanover. Nik Sgagias and Nate Kranz, both of NAI CIR, represented the lessor, Scotto Malvone LLC, and Sourbeer and Gainor represented Lin Hibachi.

Links2Care has leased 4,044 s/f of office space at 2135 B Noll Dr., East Hempfield Twp. Sourbeer represented Links-

2 & 3 Jennifer Court 2Care and Tracy Horst of PPM and Todd Decker of Realty Real Estate, Inc. represented Management Associates repthe landlord, Yellow Brick In- resented the landlord, 1007 vestments, LLC. Mumma Rd, LLC. Butler Law Firm will reLoving Care Agency, Inc. has locate its office into 3,325 s/f leased 2,800 s/f of office space of space it has leased at 1007 at 7 Bridges Rd. and Music Mumma Rd., Wormleysburg. Center Dr., Smithfield Twp. M. Richard Kleiman and Craig Sourbeer represented Loving Rahn, both of NAI CIR, rep- Care and Michael Baxter Jr. resented Butler Law Firm, of Michael Baxter & Associates

represented the landlord, Kenbar Investment Group.

Randall L. Chamberlin has purchased 8.28 acres of industrial land at 300 Fayette St., Shippensburg. Shepley of NAI CIR represented the seller, Hoffman Mills, Inc., and Roxanne Hosfelt of George L. Ebener & Associates represented Chamberlin. ■

ECONOMIC DEVELOPMENT

130 subdividable acres with full utility services, rail access and strategic location.

90 subdividable acres with full utility services, and strategic location.

50 acres remaining in parcels with full utility services in a nearly sold out business park.

Charles Blankenship, President • (717) 274-3180 • www.lvedc.org • Brokers Protected

6C â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; Central Pennsylvania â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

MAREjournal.com

CENTRAL PA Cass of High Associates represents buyer in $450,000 sale of a freestanding flex building

NAI Commercial Partnersâ&#x20AC;&#x2122; Berger executes $1.3m sale of 30,000 s/f of commercial space

E

AST PETERSBURG , PA â&#x20AC;&#x201D; NAI Commercial Partners announces the following transactions: $1.3 million sale of 30,000 s/f of commercial space on 3.248 +/acres located Daniel Berger at 1107 Enterprise Rd. Daniel Berger, CCIM, SIOR of NAI Commercial Partners represented both the buyer, Allen Imports, and the seller,

1107 Enterprise Rd.

Fourth Generation Associates Ltd. $1.025 million sale of 25,160 s/f of industrial space on 2.61 +/- acres located at 208 Bucky Dr. in Lititz.

Berger represented the buyer, Richlynd, LP and Scott Bradbury of US Commercial Realty represented the seller, The Schultz Group, LP. $775,000 sale of 31,864 s/f of commercial space comprised of office, shop and warehouse space on 10 +/- acres located at 1941 Horseshoe Pike in Annville. Both John Thiry, of NAI Commercial Partner-

Central PAâ&#x20AC;&#x2122;s

Premier Business Address Âł Industrial & Flex Space Available Âł Class-A & Class-B OfďŹ ce Space Available 1K-25K SF Âł 100+ Acres Available for Build-to-Suit Opportunities

Lancaster, Pennsylvania A High Real Estate Group LLC Master-Planned Business Campus Managed By

www.GreenďŹ eldCorporateCenter.com/PropertySearch s E-mail: highrealestate@high.net

sand Gary Hoover of Prudential Homesale Services Group represented the seller, G. Earl Shertzer.

Lease of 8,180 s/f of office space at Urban Place located at 480 New Holland Ave. in Lancaster. Thomas McDermott, CCIM, SIOR of NAI Commercial Partners, Inc. represented the landlord, Urban Place LP and Ruth Devenney, CCIM of High Associates, Ltd. represented the tenant, Preferred Health Care. $725,000 sale of a freestanding industrial building of 37,000 s/f on 2.92 +/- acres located at 103 â&#x20AC;&#x201C; 109 South Manor St. in Mountville.

Berger represented the seller, Cruciger, LP and McDermott represented the Buyer, Woratyla. $700,000 sale of 17,500 s/f of industrial space on 3.98 +/acres located at 1151 S. Duke St. in Lancaster. McDermott represented both the buyer, South Duke Holdings, LLC. and the seller, SBO REO LLC. $600,000 sale of 11,037 s/f of industrial space on 5.00 +/- acres located at 3865 Old Harrisburg Pike in Mount Joy. Michael Sheaffer of NAI Commercial Partners represented the buyer, CLB Property, Ltd. and McDermott represented the seller, Guest, Inc. $450,000 sale of a freestanding flex building of 13,800 s/f on 1.39 +/- acres located at 221 Pitney Rd. in Lancaster. Dan Berger of NAI Commercial Partners represented the seller, Central Penn Property Services, Inc. and Crossway Church of Lancaster. Denise Cass of High Associates, Ltd. represented the buyer, 221 Pitney Rd. Associates, L.P. $145,000 sale of two freestanding commercial buildings on 0.25 +/- acres located at 1642 Lincoln Highway East, Lancaster. Berger represented the buyer, Francesco Gambino and Paul Chase of Coldwell Banker represented the seller, Susquehanna Bank.

Lease of 8,100 s/f of commercial space on 1.80 +/acres located at 1031 Dillerville Rd. in Lancaster. McDermott represented both the tenant, The Brickman Group, and the landlord, Esther Goropoulos. â&#x2013;

MAREjournal.com

Mid Atlantic Real Estate Journal — Central Pennsylvania — September 9 - 22, 2011 — 7C

CENTRAL PA

Contact Any One Of Our Attending Agents To Make An Appointment: Agent

Ext.

Email Address

Chad Stine

253

cstine@bennettwilliams.com

Bobby Traynham

245

btraynham@bennettwilliams.com

Gary Russell

259

grussell@bennettwilliams.com

Bradley Rohrbaugh

251

brohrbaugh@bennettwilliams.com

Jeremiah Hamilton

232

jhamilton@bennettwilliams.com

Kevin Potter

256

kpotter@bennettwilliams.com

Adam Hagerman

235

ahagerman@bennettwilliams.com

SILVER SPRING SQUARE

NEWBERRY POINTE

ROUZERVILLE COMMONS

MECHANICSBURG, PA 17050

NEWBERRYTOWN, PA 17319

WAYNESBORO, PA 17268

1,600 – 3,200 SF

1,440 – 16,440 SF

1,300 – 3,000 SF

SOUTH YORK PLAZA

NITTANY COMMONS

WAYNE PLAZA

STATE COLLEGE, PA 16801

CHAMBERSBURG, PA 17201

1,640 – 5,850 SF

1,620 – 3,705 SF

1,600 – 6,000 SF

HANOVER CROSSINGS

SILVER MOON SC

CAPE HORN SQUARE

HANOVER, PA 17331

LEWISBURG, PA 17837

RED LION, PA 17356

10,000 – 40,000 SF

1,285 – 6,000 SF

1,350 – 9,332 SF

SUPER CENTER PLAZA

DOVER MARKETPLACE

LEWISTOWN, PA 17044

SHIPPENSBURG SC

DOVER, PA 17315

1,200 – 4,400 SF

SHIPPENSBURG, PA 17364

1,200 – 2,400 SF

1,600 – 21,589 SF

YORK, PA 17403

110 N. George Street – 4th floor York, PA 17401

717-843-5555 www.bennettwilliams.com

Scan QR Codes With Your Smartphone!

8C — September 9 - 22, 2011 — Central Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

CENTRAL PA Transactions totaling 38,546 s/f

ROCK Commercial concludes sale of 5,362 s/f building for $750K

Y

ORK COUNTY, PA – ROCK Commercial Real Estate has sold and leased a total of 38,546 s/f with the following transactions listed.

Muscle Cars & More leased 12,416 s/f of industrial space at 491 Maryland Ave. in York.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction.

Sarva Bioremed, LLC leased 9,000 s/f industrial space at 310 Emig Rd. in Emigsville.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction.

651 King St. E

Assembly of Pentecostal Church of Jesus Christ, Inc. bought a 5,362 s/f house of worship on 0.16 acres at 651 East King St. in York City.

ROCK Commercial Real Estate, LLC represented both the buyer and the seller in this $750 thousand dollar transaction.

Stanley Hoke bought a 4,685 s/f industrial shop on 1.17 acres at 277 Wilson Court in Yoe, in Yoe Borough. ROCK Commercial Real Estate, LLC represented the seller in this transaction.

AA Young Machining, LLC leased 2,799 s/f of industrial space at 401 East Locust St.

in Dallastown. ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction.

Liquid Hero Brewery, LLC leased 2,784 s/f retail space at 50 East North St. in York.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction.

GIOExpress Inc. leased 1,500 s/f of industrial space at 1850 Lemon St. in York.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction. ■

Luciani of FCE named finalist

Our Core Service Areas: • Site Traffic Development • Traffic Engineering • Transportation Planning York Town Center

• Highway / Roadway Design • Traffic Signal Design • Parking Studies • Expert Consultation

Shoppes at Tecport

Our Retail / Commercial Sectors : • Retail Centers / Big Box • Commercial Office • Fuel / Convenience Gateway Gettysburg

• Food / Grocery • Pharmacy • Restaurants • Banking

Buckhorn Plaza

• Hotels

www.consulttrg.com

204 N. George Street, Suite 110 · York, PA 17401-1108 T:(717) 846-4660 · F:(717) 846-4858 Consulting Engineers & Planners

YORK, PA — First Capital Engineering, Inc. (FCE) CEO, Ann K. Luciani has been named one of six finalists in the 2011 Central Penn Business Journal’s Executive of the Year category.

The criteria for the award is that the nominee must have led his/her company to a position of strength in the marketplace either by way of growth through creativity, innovation, managerial ability and leadership skills or turnaround.

Since the inception of FCE with her husband John in 1995, Ann has led the company by mentoring all employees, thinking creatively, utilizing a team-oriented management style and leading by example.

Her diligence and work ethic is recognized in the construction and engineering field.

“I am so grateful to be selected as a finalist for this award.

I contribute my success to my family, friends, colleagues and wonderful employees, and am thankful to them for all they have done throughout the years,” said Ann. “Our employees and our commitment to our customers are what make First Capital Engineering a unique company.”

As FCE’s CEO, Ann encourages all of her employees to participate in community service throughout the Central PA region. She has found that her employees feel more engaged because they realize that not only does their technical input affect the outcome of the client’s job, but the entire Central PA community that they live in.

The Business of the Year Awards Ceremony will be held in November at the Hilton Harrisburg. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Central Pennsylvania — September 9 - 22, 2011 — C

LMS Commercial Celebrating 20 Years

0C â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; Central Pennsylvania â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

TRAFFIC PLANNING AND

DESIGN,

Pottstown, PA

Camden, NJ

Pittsburgh, PA

Lehigh Valley, PA

Harrisburg, PA

MAREjournal.com

Mid Atlantic Real Estate Journal â&#x20AC;&#x201D; Central Pennsylvania â&#x20AC;&#x201D; September 9 - 22, 2011 â&#x20AC;&#x201D; 11C

Central Pennsylvania Company of the Month

INC.

Roadway Design Design / Build Services Transportation Planning Bridge Design & Inspection Traffic Signal System Design Construction Management & Inspection

MAREjournal.com

Celebrating 20th Anniversary

LMS Commercial Real Estate continues to expand its managed portfolio by over 650,000 s/f

J

ust three short years ago, Lehman Brothers filed for bankruptcy protection and froze capital markets to an unprecedented extent. This watershed event, sandwiched between months of economic uncertainty, forced every real estate company to reexamine its strategy for the future.

In response, many real estate firms elected to cut pipeline development and slowly disband active development affairs.

The fallout from this strategy became immediately apparent with â&#x20AC;&#x153;Quiet Offeringsâ&#x20AC;? of many prominent properties hitting the street as key tenants defaulted or equity needed to be liquefied.

In spite of the uncertain economic climate since the Lehman bankruptcy, Property Management Alternatives, doing business as LMS Commercial Real Estate continues to expand its portfolio of managed and leased properties, adding over 650,000 s/f in the past three years. LMS is a full-service commercial real estate firm covering the Central Pennsylvania market.

It provides a unique blend of Leasing, Sales, Property and Asset Management, Tenant Representation, Construction, Development, and Acquisition services for the Retail, Residential, Professional Office, and Medical segments.

Sustaining a business model which encompasses all of these specialties is a difficult challenge. Where many organizations respond to growth by adding vertically integrated business units to drive sales, LMS has amassed a team of industry leading professionals to drive results. â&#x20AC;&#x153;The problem with pure vertical integration is cycles. Real estate is a cyclical industry. After the cycle peaks, those â&#x20AC;&#x2DC;Strategic Busi-

Leasing Management Sales Development Construction

ness Unitsâ&#x20AC;&#x2122; become individual units each fighting to sustain itself independent of the others. The result is not vertical, rather, itâ&#x20AC;&#x2122;s horizontal. We operate as a sophisticated team of professionals with expertise in every facet of commercial real estate. After the cycle peaks, we are still in the right position and ready to solve our clientsâ&#x20AC;&#x2122; problems,â&#x20AC;? says owner Joe R. Deerin. His partner and sister Donna Deerin Ward simplified

this by adding â&#x20AC;&#x153;We create, maximize, and sustain value for our clients and we do it through experience.â&#x20AC;? Both Joe and Donna work closely with their father, Joe W. Deerin, who founded LMS in 1991.

It is difficult to argue with the LMS approach. Since 2008 they have developed or redeveloped three grocery anchored shopping centers, three medical office buildings, and a CVS, Giant-to-Go, &

Susquehanna Bank anchored community center with 35,000 s/f of inline space, Queensgate Towne Center, South Hanover Shopping Center, Main Street Center, The Shoppes at Landis Valley, and Noll Drive Professional Offices are all projects which were guided to success by the LMS business model.

What is even more impressive is the fact that LMS maintains a healthy pipeline of new projects throughout the region including

multiple â&#x20AC;&#x153;High-Profileâ&#x20AC;? locations in Lancaster, Cumberland, and Lebanon counties.

Another metric of LMSâ&#x20AC;&#x2122;s success is its numerous long-term professional relationships. One such example of this relationship LMS has with Giant Foods, â&#x20AC;&#x153;With LMS as a partner, you can have the confidence that your project is in good hands,â&#x20AC;? according to Bill Shrader, vice president of Real Estate for Ahold USA, parent of Giant Food Stores, LLC. Relationships like this develop over time and are built on trust, when asked what do you attribute these tenured relationships to, Donna Deerin Ward responds, â&#x20AC;&#x153;We tell the truth and keep our promises.â&#x20AC;? The value of solid relationships in real estate is immeasurable, particularly as it relates to areas of management, in fact, one could argue that before there was a financial crisis, there existed a management crisis. In academia this issue is recited as the Agency Problem because quite often the disconnect between an agent and the principal results in agent decisions which fail to respect the best interest of the owner over personal interests.

In difficult economic times we are left to depend on the company we keep, the values and business approach of LMS truly exhibits sustainability, especially in difficult times. n

s r a Creating Value e y 0 2 r o Through Experience f Acquisition

Available Retail Space in Central PA New Development

Inline Space

Pad Sites South Hanover Shopping Center

Pad Sites Inline Spaces Community Centers Central PA Call Donna for Details

Hanover, PA

Queensgate Towne Centre York, PA

The Shoppeâ&#x20AC;&#x2122;s on Manheim Pike Lancaster, PA

Giant and Weis anchored centers with availability throughout Harrisburg, Lancaster,York and Reading.

Leola Commons Leola, PA

Village Commons East Petersburg, PA

Campus Plaza Lancaster, PA

t /PSUI 1PJOUF #PVMFWBSE t 4VJUF t -BODBTUFS 1"

Mid Atlantic Real Estate Journal would like to congratulate LMS Commercial Real Estate on your

â&#x20AC;&#x153;20th Anniversaryâ&#x20AC;?

If you would like to feature your company, anniversary or project call Elaine Fanning: (800) 584-1062/781-871-5298 Ext. 212 or email: efanning@marejournal.com

12C — September 9 - 22, 2011 — Central Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

LMS Commercial Celebrating 20 Years EARTH ENGINEERING INCORPORATED

Breaking New Ground

Geotechnical Engineers & Geologists Subsurface Investigations Construction Inspection & Testing Retaining Wall Design Environmental Site Assessments and Remediation Clean Fill Testing Carbonate Site Assessments Stormwater Infiltration Testing Laboratory Soils Testing Central PA: 717.697.5701

Corporate Headquarters: 610.277.0880 Lehigh Valley: 610.967.4540

The professional team of B.R. Kreider & Son will work for you during your next building or expansion project: • Excavation • Paving • Site Management • Site Utilities Earn a LEED Innovation Credit by using B.R. Kreider & Son, Inc.

Over 70 years of experience in commercial and industrial site management will put your new project on a solid foundation.

Before you break new ground, visit

www.brkreider.com

South Jersey: 856.768.1001

63 Kreider Lane Manheim, PA 17545 (717) 898-7651

www.brkreider.com

www.earthengineering.com

IMAGINE Communities designed to provide clean water, fresh air and open spaces . . . we imagine places like that every day.

,!.$3#!0% !2#()4%#452% #)6), %.').%%2).'

0,!..).' 3526%9).'

1076 Centerville Road

Lancaster, PA 17601

(717) 898-3402

www.dmai.com

MAREjournal.com

Mid Atlantic Real Estate Journal — Central Pennsylvania — September 9 - 22, 2011 — 13C

CENTRAL PA CONSTRUCTION

CONSULTING ENGINEER

Preserving the Past.

Building for the Future. © ůĂŶ ,Žůŵ

• Project Management • Development Due Diligence & Feasibility Studies • Agency Permitting • Land Development Design © EĂƚŚĂŶ Ždž WŚŽƚŽŐƌĂƉŚLJ

• Construction Phase Services

Celebrating 100 Years of Commitment to EXCELLENCE.

© ĂǀŝĚ ͘ ZŽƐĞ

© ZŽďĞƌƚ WŽůĞƩ

© dŽŵ ĞƌŶĂƌĚ

100 YEARS

1911-2011

&ƌŽŵ ƚŽƉ ůĞŌ͗ >ĂŶĐĂƐƚĞƌ dƌĂŝŶ ^ƚĂƟŽŶ ĐŽŶƐƚƌƵĐƟŽŶ ;ϭϵϮϵͿ͕ >ĂŶĐĂƐƚĞƌ ĞŶƚƌĂů DĂƌŬĞƚ ZĞŶŽǀĂƟŽŶƐ ;ϮϬϭϭͿ͕ DĐ'ĞƫŐĂŶ ZĞƐŝĚĞŶĐĞ ;ϮϬϭϬͿ͕ &ƵůƚŽŶ KƉĞƌĂ ,ŽƵƐĞ ZĞƐƚŽƌĂƟŽŶ ;ϭϵϵϱͿ͕ ůŝƉƉĞƌ DĂŐĂnjŝŶĞ ^ƚĂĚŝƵŵ ;ϮϬϬϱͿ͕ :W DĐ ĂƐŬĞLJ ,ŝŐŚ ^ĐŚŽŽů ;ϭϵϯϴͿ͕ >ĂŶĐĂƐƚĞƌ WŽůŝĐĞ ^ƚĂƟŽŶ ;ϮϬϬϯͿ͘

warfelcc.com

ARCHITECTURE/ENGINEERING/ENVIRONMENTAL

• Graphic Services PHILADELPHIA METRO OFFICE: 8614 Montgomery Avenue Wyndmoor, PA 19038 215-836-2510

PITTSBURGH OFFICE: 201 Penn Center Boulevard, Suite 400 Pittsburgh, PA 15235 412-253-6569

LANCASTER OFFICE: 1853 William Penn Way, P.O. Box 10368 Lancaster, PA 17605-0368 717-672-0614

NEW JERSEY OFFICE: 100 Overlook Center, Suite 200 Princeton, NJ 08540 609-920-0268

LANDCOREconsulting.com

APPRAISAL SERVICES

Ness Associates

Commercial Real Estate Appraisal & Review Services Visit BL Companies at the ICSC PA/NJ/DE Idea Exchange

In today’s uncertain economy, accurate and well supported appraisals are necessary for the protection of your real estate interests. We provide the professional expertise you need to make sound decisions regarding the acquisition, financing, development or sale of real estate.

Booth #109

COMMUNICATION...Professional service begins with excellent communication. We keep our clients informed through the entire process.

QUALITY...We combine thorough research with in-depth analysis and modern valuation methods, resulting in objective market supported conclusions.

TIMING...Assignments are completed in a timely manner to meet the demands of today’s fast paced real estate environment.

&5($7,9,7< ō 48$/,7< ō (;3(57,6( 800.301.3077 www.blcompanies.com Pennsylvania | Maryland | New York | Connecticut

INTEGRITY...Uncompromised independence is the hallmark of Ness Associates. Our services are completed in accordance with Uniform Standards of Professional Appraisal Practice and the Code of Ethics of the Appraisal Institute.

PAUL S. NESS, MAI PA State Certified General Appraiser GA00047L 27 Years of Appraisal Experience

Lancaster: 717-390-7001 York: 717-764-7001 www.nessassociates.net

14C — September 9 - 22, 2011 — Central Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PEOPLE ON THE MOVE As a project manager and landscape architect

A partner at The Flynn Company

K&W Engs. and Consultants hires Bonnerwith & Wise

ULI Philadelphia names Ricci to chair

H

ARRISBURG, PA — K&W Engineers and Consultants recently hired Jeffrey G. Bonnerwith, PE, PLS, AICP as a project manager in their Harrisburg, DauJeffrey phin CounBonnerwith t y, o f f i c e .

Jeffrey is a local resident of York County, however his expe-

rience spans statewide in PA, as well as in MD and NY. Bonnerwith has a BS in Geomechanical Engineering from the University of Rochester, a Masters of Business Administration f r o m Yo r k College of PA, Daniel and is currentWise ly working to complete a Masters of Public

Administration from Penn State University. He has more than 25 years experience working in consulting engineering.

K&W also hired Daniel Wise, a registered landscape architect, to support the land development service area.

His expertise includes site planning, environmental permitting and stormwater management design. Wise has a Bachelor of Science degree in Landscape Architecture from the Pennsylvania State University. ■

Thorp Reed & Armstrong expands Phila office adding Stephanie Sprenkle PHILADELPHIA, PA — Thorp Reed & Armstrong, LLP (Thorp Reed) continues to expand the firm’s presence in the Philadelphia region with the addition of Stephanie J. Sprenkle.

On August Stephanie J. 1, 2011, SpSprenkle renkle began practicing as senior counsel in the firm’s Commercial, Real Estate & Public Finance Practice Group Sprenkle joins Thorp Reed’s Philadelphia office from Mitts Milavec, LLC, where she focused her practice on corporate and business law, and real estate. Her addition further expands Thorp Reed’s Commercial, Real Estate and Public Finance capabilities in the Philadelphia marketplace.

The firm’s Philadelphia office has added five new attorneys since the start of 2011.

“Stephanie brings impressive real estate and corporate experience to the firm, particularly in the areas of real estate financing and real estate acquisition and development,”

said David Nasatir, partner in Thorp Reed’s Philadelphia office. “Her addition complements the firm’s existing strengths in commercial and real estate finance transactions, and corporate and business law, and we are confident that she will be a productive and valuable member of the team.”

“We are pleased to welcome Stephanie as the newest member of our growing Philadelphia office,” said Joseph M. Donley, Partner-in-Charge of Thorp Reed’s Philadelphia office. “Her experience makes her an immediate contributor as she joins a thriving practice area bolstered by the recent additions of partner David Nasatir and associate Karen Sanchez. Our clients in the region will benefit greatly as we continue to strengthen our commercial, real estate and public finance practice.”

Since its establishment in 1998, Thorp Reed’s Philadelphia office has grown to include attorneys practicing in diverse areas of law, including: litigation, finance, insurance and reinsurance, real estate, intellectual property, transportation, labor and employ-

ment, and international law.

Thorp Reed recently extended its regional presence with the opening of a new office location in Wilmington, Delaware.

Sprenkle focuses her practice in the areas of corporate and business law and real estate. She has a wide range of experience in the areas of real estate financing, representing both financial institutions and borrowers, retail and office leases for landlords and tenants, and real estate acquisition and development.

She is an active member of the American Bar Association and the Commercial Real Estate Women (CREW) Network of Philadelphia. She has participated in several panel discussions for various ABA retail leasing subcommittees, the Philadelphia Bar Association, and the National Constitution Center Audio Conferences. Sprenkle is also a relief manager and volunteer at the Philadelphia Ronald McDonald House.

Sprenkle received her LL.M. in Taxation and J.D. from Temple University School of Law, and earned her B.A. from Pennsylvania State University. ■

Binswanger names vice president in King of Prussia office KING OF PRUSSIA, PA — Binswanger announced that Christopher J. Magarity has joined the firm as VP in the King of Prussia office. He will be responsible for commercial real estate services in Suburban Philadelphia, specifically in the Chester and Delaware County markets, working closely with Scott Williams, VP. A forceful and long-time player in King of Prussia, Binswanger has

worked with numerous prestigious corporate clients in the region including include VWR, Kimberly Clark, Sunoco, Amgen, Comcast Corporation, Pfizer, Virtua Health, Catholic Health East, Fox Chase Cancer Center, Saint Joseph’s University, LaSalle University and Villanova University, among others.

Prior to joining Binswanger, Magarity was an Associ-

ate with KOR Commercial Real Estate in Ambler where he assisted key decision makers in the Delaware Valley market with tenant representation services. He has also served as general manager at Magarity Automotive Group in Flourtown, overseeing the sales, service, marketing, finance and insurance divisions and handling all lead generation and business development. ■

PHILADELPHIA, PA — David M. Ricci has been named chair of the Urban Land Institute (ULI) Philadelphia District Council, a non-profit organization dedicated to providing responsible David M. Ricci leadership in land use. ULI Philadelphia has more than 800 members throughout Eastern and Central Pennsylvania, southern New Jersey and the State of Delaware. Ricci, formerly first assistant chair of ULI Philadelphia, succeeds Christophe P. Terlizzi of First Niagara Financial Group who served as the board’s chair for the past two-and-a-half years. Terlizzi will continue to serve ULI as Chairman of ULI’s Governance Committee.

“ULI is an internationally recognized leader in education and research for responsible land use and I am proud to further this mission as chair of ULI Philadelphia District Council,” said Ricci. “One of my goals is to differentiate and promote ULI Philadelphia within the land use community.

I’ll continue to grow the organization, aided by some new, exciting partnerships, engaging programming, and ongoing

community outreach initiatives such as our Technical Assistance Programs (TAP).”

As a partner at The Flynn Company, David Ricci brings more than 22 years of land development, construction and brokerage experience to ULI Philadelphia. As the firm’s senior representative in the New Jersey region, Ricci’s responsibilities include oversight of acquisition and development opportunities, leasing and sales representation of institutional clients within major business parks, and the representation of tenants and build-to-suit clients. Ricci is one of the top producers at The Flynn Company and is consistently ranked as one of the most active brokers in the southern New Jersey industrial market.

In addition to his role as Chair of ULI Philadelphia, Ricci serves as a member of the Small Scale Development Council of ULI and is a past member of the Board of Directors of the TriState REALTORS Commercial Alliance. An active member of his local community, he serves on the Board of Trustees and the Board of Overseers for the ALS Association of Pennsylvania and is a past member of the Board of Governors for the Racquet Club of Philadelphia, where he continues to be an active member. ■

Cancer Ctr. closer to completion after $2 million presentation

Shown from left: State Representatives Mario Scavello and Rosemary Brown, Monroe County Commissioner Suzanne McCool, Pocono Medical Center CEO Kathy Kuck, Pocono Medical Center Board Member Chuck Hannig, PMEDC Executive Director Chuck Leonard and State Senator John Yudichak.

EAST STROUDSBURG, PA — Completion of the stateof-the-art Dale and Frances Hughes Cancer Center at Pocono Medical Center are one step closer after the Pocono Mountains Economic Development Corporation (PMEDC) presented Pocono Health System with a check for $2 million to support the

project.

The funds were initially allocated in 2010 via the Local Share Account (LSA) of gaming monies generated by the Mount Airy Casino Resort. The Monroe County Industrial Development Authority (MCIDA), a sister organization of PMEDC, administers local share account projects in Monroe County. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Central Pennsylvania — September 9 - 22, 2011 — 15C

CENTRAL PA Vice president Grace of Landmark handles the negotiation

Landmark Commercial Realty, Inc. completes the sale of 100,000 s/f warehouse facility

M

IDDLETOWN, PA — 3201 Fulling Mill Road L.P. has recently acquired a 100,000 s/f +/- warehouse/distribution facility located at 3201 Fulling Mill Road, Middletown. The property is leased long term to an international food company on a NNN lease. Jason Grace, CCIM, SIOR and vice president of Landmark Commercial Realty, Inc./ONCOR International negotiated the transaction between the buyer and seller, SCC Real Estate Partnership.

Pilot Air Freight, Inc. has recently leased 50,000 s/f at the former IAC Campus located at 50 Spring Rd., Carlisle. Jason Grace, CCIM, SIOR and vice president of Landmark Commercial Realty, Inc./ONCOR International negotiated the transaction between the tenant and landlord, Carlisle Productions.

7235 Penn Drive L.P. has recently acquired a 12,500 s/f warehouse facility located at 7235 Penn Dr., Allentown. The property is leased long term to an international food company on a NNN lease. Jason Grace, CCIM, SIOR and vice president of Landmark Commercial Realty, Inc./ONCOR International negotiated the transaction between the buyer and seller, SCC Real Estate Partnership of Harrisburg.

230 Spring Garden Partners LP has entered into a lease and purchase option for the 6,100 s/f commercial building located at 230 S. Spring Garden St., Carlisle. Richard Moore of Landmark Commercial Realty, Inc./ONCOR International handled the transaction for the landlord and Jack Shepley of NAI CIR handled the transaction for the Tenant.

Keystone Auto Krafter LLC has leased 2,390 s/f of garage and office space at 102 Market St., New Cumberland.

Andrew Kohr of Landmark Commercial Realty, Inc./ONCOR International handled the negotiations between the tenant and the landlord, Darwin and Doris Kell.

Maximus Bruno Inc. dba Bruno’s Pizza has leased 1,876 s/f. of commercial space at 5519 Carlisle Pike, Mechanicsburg.

Andrew Kohr of Landmark Commercial Realty, Inc./ONCOR International represented both the tenant and landlord, Harry Christie, in this long term lease.

CPMA has leased 1,800 s/f of space at 213 4th St, New Cumberland, for a school that specializes in traditional Okinowan

3201 Fulling Mill Road Kenpo Karate. Andrew Kohr of Landmark Commercial Realty, Inc./ONCOR International represented both the tenant and landlord, Chuck Renshaw, in

the leasing transaction.

Zachary Downey has leased 1,600 s/f of commercial space at 7 S. Frederick St., Mechanicsburg, to house his IT busi-

ness. James W. Brady, SIOR of Landmark Commercial Realty, Inc./ONCOR International represented both the tenant and landlord in the leasing transaction.

The Church of Pentecost USA has leased 1,540 s/f. of commercial space located at 845 Sir Thomas Court, Harrisburg.

Thomas T. Posavec, SIOR and Roy H. Brenner of Landmark Commercial Realty, Inc./ONCOR International represented the landlord, 845 Sir Thomas Court LLC in the transaction.

The Law Offices of Roy Galloway has leased 1,145 s/f of office space located at 717 Market St., Lemoyne. Andrew Kohr of Landmark Commercial Realty, Inc./ONCOR International represented the tenant and Thomas T. Posavec, SIOR, also

of Landmark represented the landlord, Powell Real Estate Properties LLC. Electric Eye Tattoo will be opening a tattoo parlor at 1028 Market St., Harrisburg. Seymour Barget and Igor Druker of Landmark Commercial Realty, Inc./ONCOR International represented the Landlord, Mr. and Mrs. John Karagiannis and Andrew Kohr and Marques Pinkas also of landmark represented the tenant in the leasing transaction.

Sno Jax Inc. has purchased two commercial properties located at 671 Willow Street and 680 State St., Lemoyne.

Roy H. Brenner of Landmark Commercial Realty, Inc./ONCOR International negotiated the sale on behalf of the buyer, Sno Jax Inc. and the seller, William R. Grace. ■

16C — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PENNSYLVANIA BROKERAGE DIRECTORY Beacon Commercial Real Estate, LLC 4 Radnor Corporate Center 100 Matsonford Road • Suite 220 Radnor, PA 19087 P: 610-828-0100 F: 610-828-3873 Gene McHale • John Greenwald, Jr. Michael Flynn • James J. DiBianc Taylor Young • Chuck Shields Jere Shertzer • Colin McHale Tom Feeley • Dave Ruffini Charles Betancourt

Binswanger Management Corp.

Two Logan Square • Philadelphia, PA 19103 P: 800-845-6222 F: 215-448-6238 info@binswanger.com www.binswanger.com David R. Binswanger Frank G. Binswanger III • Frank Cullen Chris Pennington • Nick Cisler Joe Muldoon • Chris Lange Scott Gabrielsen • Paul French Scott Williams • Pat Brady • Nick Sannelli Michael Treacy • Marc Policarpo • Bob Corr Andrew Grabis • Doug Faris Derek Anderson • Shaun Kirchin

Dietrick Group, LLC 5100 W. Tilghman Street • Suite 320 Allentown, PA 18104 P: 610-391-8888 F: 610-391-8830 www.dietrickgroup.com Linda L. Dietrick, CCIM • Kelly L. Berfield Ryan C. Dietrick• Brooke S. Dietrick Erin M. Schneider • Kent P. Brustlin Katelyn Drosnock • Alfred G. Vasta, Jr. Brenda Aubert • Lucy H. Lennon

Equity Retail Brokers 101 West Elm Street • Suite 370 Conshohocken, PA 19428 P: 610-645-7700 F: 610-645-5454 info@equityretailbrokers.com Stuart Conston • Lee Cooper Bart Delfiner • Ed Ginn • Kathy Haines Conrad Heckmann • Ken McEvoy Rob Samtmann • Rose Urban • Brian Wherty • Rich Zeller • Chris Lee Greg Jones • Eric Kuhn

Brasler Properties 4122 Apalogen Road • Philadelphia, PA 19129 P: 215-848-4458 F: 215-843-9728 Bob Brasler • Chris Brasler bob@brasler.com • chris@brasler.com

Coldwell Banker Commercial Bennett Williams Inc. 110 N. George Street • 4th Floor York, PA 17401 P: 717-843-5555 F: 717-843-5550 info@bennettwilliams.com Robert Behler Jr. • Bobby Traynham Dennis Neiman • Chad Stine • Chris Seitz Bradley Rohrbaugh • David Schad

Coldwell Banker Commercial Pennco Real Estate 1250 North 9th St. • Stroudsburg, PA 18360 P: 570-476-7711 F: 570-476-6130 email: retail@cbcpennco.com www.cbcpennco.com Spiros Bilianis, CCIM • James Fondi Teresa Mickens, CCIM • Susan Mikels Northeast Pennsylvania Experts

Fameco - Philadelphia, PA 1425 Walnut Street • Suite 200 Philadelphia, PA 19102 P: 215.557.0050 F: 215.557-0053 www.famecoretail.com Jackie Balin • Paige Barrow Michael Gray • Eva Redette Fameco - Plymouth Meeting, PA 633 West Germantown Pike • Suite 200 Plymouth Meeting, PA 19462 P: 610-834-8000 F: 610-834-1793 www.famecoretail.com Cathy Agnew • Brian Bruzek • Jeff Cohen Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Dana Hawkins Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Gary Leone • Marc Mandel • Matt Mandel Jay Miller • Steve O’Malley • David Orkin Dale Peterson • Rick Schuch Julie Tanpitukpongse Dave Vitali • Rick Weinberg Marissa Visconsi • Fred Younkin

Frederick Group, The 3500 Winchester Road • Suite 201 Allentown, PA 18104 P: 610-398-0411 F: 610-398-7294 info@tfgrealtors.com www.tfgrealtors.com Ron Eichenberg • Jane Schiff Dave Bodnar • Bob Buy • Steve Cihylik Mary Beth Dolinich • Mike Gensey Gus Kartsotis • Leslie Morrone • Don Saylor

Grubb & Ellis Company Six PPG Place • Suite 600 Pittsburgh, PA 15222 P: 412-281-0100 F: 412-281-8814 www.grubb-ellis.com Patrick A. Cersosimo Michael A. D’Amico Michael D. Downey David A. Glickman James P. Kelly George H. Kingsley III • Joel Kreider Thomas B. McChesney Gerard M. McLaughlin • Louis V. Oliva Kevin L. Orie • Bartley J. Rahuba Jeffrey A. Schultz • Brandon J. Snyder Jason T. Stewart • T. Bradley Totten

Hawley Realty, Inc. 944 Marcon Blvd. • Suite 120 Allentown, PA 18109 P: 610-398-4000 www.hawleyrealty.com Amy L. Hawley, SIOR • Paul F. Weiss Jarrett T. Laubach • Patricia A. Satkovich Richard F. Hammond • Judy A. Williams Douglas B. Weiss • Christine Weiss-Hirko

High Associates, Ltd. 1853 William Penn Way Lancaster, PA 17601 P: 717-293-4477 www.highassociates.com Linford L. Good, SIOR, CCIM Ruth M. Devenney, CCIM James. W. Wentz, CCIM William R. A. Boben, CCIM, SIOR Jeff Kurtz High Associates, Ltd. 5000 Ritter Road • Suite 201 Mechanicsburg, PA 17055 P: 717-697-2422 www.highassociates.com Linford L. Good, SIOR, CCIM Derry Young • Virginia Barr Annette Cassel Means Judy E. Pierce •Denise Cass

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — September 9 - 22, 2011 — 17C

PENNSYLVANIA BROKERAGE DIRECTORY Hinerfeld Commercial Real Estate 600 Lackawanna Ave. Ste 100.

Scranton, PA 18503 P: 570-207-4100 F: 570-342-6815 info@hinerfeldcommercial.com www.hinerfeldcommercial.com John T. Cognetti, SOIR CCIM Mike Detter, SIOR • Steve Carroll Rick Levy • Marilee Barone Ellen Raineri • Pat Sammon

Jackson Cross Partners, LLC ONCOR International 1010 West Ninth Avenue • Suite 10 King of Prussia, PA 19406 P: 610-265-7700 F: 610-265-7370 www.jacksoncross.com Louis J. Battagliese, Jr., SIOR Pete Davisson, SIOR, CCIM John P. Morrissey • Nick Adams Ann Bailey, CCIM • Neil B. DeRiemer Cindy Fleming • Harry W. McKenna Keith A. O’Brien • Kyle O’Brien Phillip Rothenberg, SIOR • Jim Young

Jones Lang LaSalle 525 William Penn Place • Suite 925 Pittsburgh, PA 15259 P: 412-208-1403 C: 412-997-2179 rick.obrien@am.jll.com Rick O’Brien, CPA, SIOR Senior Vice President

Latus Commercial Realty 1100 Bent Creek Boulevard Mechanicsburg, PA 17050 P: 717-795-6102 F: 717-795-6105 www.latusrealty.com Laura Martin • Susan Woska

Joe R. Deerin, CSM • Donna Deerin Ward 120 North Pointe Blvd. • Suite 301 Lancaster, PA 17601 P: 717-569-9373 T: 800-864-2633 www.LMS-PMA.com Dave Nicholson • Blaze Cambruzzi, Michael Boden, SCSM • Chad Ward Blake Gross • Joe Spagnola, CCIM Ted Hummel, CCIM, e-pro, • Wilay Boensch

NAI CIR P.O. Box 8910 • Camp Hill, PA 17001 P: 717-761-5070 F: 717-975-9835 www.naicir.com Daniel J. Alderman Joseph A. Bedard, SIOR Erik J. Gainor • Peter A. Gemora William M. Gladstone, CCIM, SIOR M. Richard Kleiman • Nathan Kranz Harold G. Leibenson • Asma Malik Fahd Malik • Ida M. McMurray, CCIM Craig J. Rahn • James D. Ross Mark Santanna •Nik Sgagias Jack L. Shepley, SIOR Justin M. Shoemaker • Jason Sourbeer Bradley S. Swidler • Robin R. Zellers, COO, SIOR

NAI Keystone Commercial & Industrial, LLC 3970 Perkiomen Avenue • Suite 200 Reading, PA 19606 P: 610-779-1400 F: 610-779-1985 marketing@naikeystone.com www.naikeystone.com John Buccinno • Bryan Cole John Herman • Don Kidd • Stephen King Kyle McKechnie • Steve Willems

NAI Summit 3435 Winchester Rd. • Ste. 300 Allentown, PA 18104 P: 610-264-0200 F: 610-871-1700 summit@naisummitmrc.com www.naisummitmrc.com Mike Adams • Tyler Chomik John L. Crampsie, SIOR • Matt Dorman Jennifer Gold • Jay Haines Jody King, CCIM • Bob Nemeth

Maxine Sloane • Frank Smith, CCIM, CPM

PennCap Properties 559 Main Street • Third Floor Bethlehem, PA 18018 P: 610-332-1100 F: 610-332-1111 info@penncapproperties.com www.penncapproperties.com Contact Leasing @ 610-332-1100

PRC Commercial 3700 South Water Street • Suite 105 Pittsburgh, PA 15203 P: 412-261-6500 F: 412-261-0834 www.prudentialrealty.com David F. Hanley • David L. DiCola Gary McCormick • Albert N. Pacella Rita C. Formhals • Kenneth Daugherty Richard G. Englert • John F. Biseda

Prestige Group Inc. 321 S. Valley Forge Rd. • Devon, PA 19333 P: 610-902-3900 F: 610-902-3999 rnatow@prestigegroup.com Richard Natow • Shelby Simmons Ronald Krieger • Victor Kaplan Arthur Deussing • Ben Altman Michael Weiner • Jon Mirsky

Rock Commercial Real Estate LLC 221 W. Philadelphia Street • Suite 19 • York, PA 17401 P: 717-854-5357 F: 717-854-5367 www.rockrealestate.net Ryan Meyers, CCIM • Larry O’Brien, CCIM Benjamin Chiaro, CCIM Cami Spiridonoff, CPM David Bode, CCIM, SIOR Dave Keech, CCIM, SIOR Jason Turnbull, CCIM, SIOR Kevin Hodge, CCIM • Michael Katz, CCIM Russ Bardolf, CCIM, SIOR Ted Turnbull, CCIM, SIOR

S S H Real Estate 123 South Broad Street Philadelphia, PA 19109 P: 215-893-3000 F: 215-893-1466 www.sshrealestate.com Jeffrey Seligsohn • Peter Soens Doug Newbert • John Susanin

U.S. Realty Capital/Philadelphia Private Capital, LLC Eight Tower Bridge • 161 Washington Street • Suite 1525 Conshohocken, PA 19103 P: 215-893-9924 F: 215-893-9830 tgreenwood@usrealtycapital.com www.usrealtycapital.com/phila Thomas S. Greenwood, III Gerry Nanos • Bruce C. Robertson, Jr.

Veraxia Commercial Real Estate Solutions 2299 Brodhead Road • Suite V Bethlehem, PA 18020 P: 610-997-0100 F: 610-997-0101 admin@veraxiaCRES.com www.veraxiaCRES.com Costas J. Hrousis, CCIM Shawn M. Donahue, MBA

18C — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

Commercial Real Estate Women Lehigh Valley Chapter www.crewlehighvalley.org

2011 LEHIGH VALLEY BOARD OF DIRECTORS

Long, Hart, Kobal, Rudzinski, Kisela, Petrucci, Schiff & Fuller

PRESIDENT TRACY YADUSH, RPA NAI SUMMIT

CREW LV PA Salutes Women of Achievement members

PAST PRESIDENT FRANCEE FULLER BARRY ISETT & ASSOCIATES PRESIDENT ELECT ANN MARIE OSIKA LAFAYETTE AMBASSADOR BANK SECRETARY CATHERINE (KATE) DURSO FITZPATRICK LENTZ & BUBBA, P.C. TREASURER CYNTHIA MERRITT BUCKNO LISICKY & ASSOCIATES CORRESPONDING SECRETARY PAM MORRIS LIBERTY PROPERTY TRUST DIRECTORS-AT-LARGE TINA KISELA, SCSM, SCMD THE PROMENADE SHOPS AT SAUCON VALLEY LYNN CONTI LIBERTY PROPERTY TRUST

2011 COMMITTEE CHAIRS SPONSORSHIP COMMITTEE KATE HART KNBT, A DIVISION OF NATIONAL PENN BANK PROGRAMS COMMITTEE JANE SCHIFF THE FREDERICK GROUP MEMBERSHIP COMMITTEE MICHELE GLOWER, PH.D THE ADVISORY GROUP COMMUNITY SERVICE COMMITTEE JODY KING, CCIM NAI SUMMIT PUBLICITY COMMITTEE FRANCEE FULLER BARRY ISETT & ASSOCIATES

C

REW Lehigh Valley PA (CREW LV PA) is an organization that attracts members who excel in their fields, display leadership in many venues, and win accolades across the community. Within the past year, eight of our members have won honors for excellence. We salute our Women of Achievement!

Jane Long, Esq. — Partner, Fitzpatrick Lentz & Bubba, P.C. Jane was the Pennsylvania honoree at “Crossing Borders,” an annual spring celebration held at the Palace in Somerset, NJ to recognize women of superior achievement. The PA Department of Community and Economic Development named Jane to the 2009 Best 50 Women in Business list; she is also the 2009 Lehigh Valley Suits recipient in the legal profession. Jane is a former board secretary of CREW LV and currently serves on the boards of Lehigh Valley Economic Development Corporation and The BOMA Fund.

Kate Hart — Asst. V.P., Relationship Manager, KNBT a division of National Penn Bank The Eastern Pennsylvania Business Journal (EPB J) named Kate in its “20 Under 40” issue, devoted to the outstanding achievements of young professionals. A past president of CREW LV PA, Kate is the first vice president of the East Penn Chamber of Commerce, a regional unit of the Greater Lehigh Valley Chamber of Commerce (GLVCC). The inaugural winner of the GLVCC Young Athena Award which recognizes emerging leaders, Kate sits on the Board of Governors of the chamber and serves on the finance committee of the Lehigh Valley Conference of Churches.

Stephanie Kobal — Associate, Tallman, Hudders & Sorrentino Stephanie, a member of the real estate, land development and municipal law practice groups of her firm, was select-

Jane Long

Kate Hart

Stephanie Kobal

Marie Rudzinski

Tina Kisela

Rosalin Petrucci

Jane Schiff

France Fuller

ed by EPBJ for its “20 Under 40” issue. In addition to her service on CREW’s program committee, Stephanie is the president of the Ballet Guild of the Lehigh Valley and is active on the fundraising and marketing committees of Summerbridge Academy, a non-profit program to provide educational opportunities to deserving youth. A graduate of the 2011 class of Leadership Lehigh Valley, she also serves on the board of the Parkland Aquatic Club.

Marie Rudzinski — McConnell Associate, Fitzpatrick Lentz & Bubba, P.C. Specializing in commercial transactions including commercial real estate, financing, leasing, business acquisitions and taxation, Marie was honored in the “20 Under 40” issue of EPBJ as an outstanding young achiever.

Serving on CREW’s membership committee, Marie also sits on the board of directors of the Allentown Foundation for Schools and the ArtsQuest Performing Arts Board and recently participated in a panel discussion sponsored by the GLVCC on minimizing risk in an uncertain economy.

Tina Kisela — SCSM, SCMD General Manager, Promenade Shops of Saucon Valley Tina Kisela, a director at large on the CREW LV board, was named the commercial real estate honoree of Lehigh Valley Suits 2011. The program recognizes top profes-

sionals in their fields who demonstrate a higher standard of quality of service in its sector, innovation and “horsepower”. The event supports Equilibrium, a non-profit which provides therapeutic riding programs for children with special needs. Tina has also received gold and silver Maxi Awards from the International Council of Shopping Centers. Tina serves on the Muhlenberg College Board of Associates and is active in the GLVCC. Rosalin Petrucci — Marketing Director & Director of Educational Initiatives, J.G. Petrucci Company A charter member of CREW LV and a former chair of the community service committee, Rosalin is the GLVCC 2011 Athena honoree, recognized for professional excellence, community service, and ability to nurture leadership potential. Rosalin is the sparkplug behind “Crossing Borders” which annually honors NJ and PA women for accomplishments in commercial real estate and economic development while raising funds to support the work of New Choices/New Options of PA and the NJ Displaced Homemakers Network. She is the immediate past president of the NJ Economic Development Association, is a mentor and judge for Lehigh University’s IRE@L Practicum and serves on the advisory council Brownfields Environmental Solutions for Trenton.

Jane Schiff — Associate Broker, The Frederick Group, LLC Jane was honored with the Executive Spotlight Award accorded by EPBJ in recognition of professional excellence and community service. A founding board member and past president of CREW LV, she currently serves as program chair. Jane has taught real estate courses at the Goodman Center for Real Estate Studies at Lehigh University, Lehigh Carbon Community College and Northampton Community College. She has served on the boards of PA Association of Realtors, Lehigh valley Association of Realtors, Allentown/Lehigh County Board of Realtors and the Allentown Art Museum Society of the Arts.

France Fuller — Marketing Manager, Barry Isett & Associates, Inc. Francee was selected by EPBJ to receive its Executive Spotlight Award. A founding board member, past president, and current publicity chair of CREW LV, she is a past president of the East Penn Chamber of Commerce and formerly served on the GLVCC Board of Governors.

A school director in the East Penn School District since 2001, she is also a member and past president of the Joint Operating Committee of Lehigh Career and Technical Institute. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — September 9 - 22, 2011 — 19C

Commercial Real Estate Women Lehigh Valley Chapter Service Directory

ENGINEERS & SURVEYORS

COMMERCIAL REAL ESTATE

BARRY ISETT & ASSOCIATES, INC. Consulting Engineers & Surveyors www.barryisett.com

Helping Clients Reach Real Estate Development Goals Since 1977 Environmental Assessments Condition Assessments Surveys • Site Design • Permitting Traffic Studies • Highway Design Landscape Design • Structural Design Mechanical, Electrical, Plumbing Design

Full-Service Engineers PA • NJ • MD Contact Francee Fuller Marketing Manager ffuller@barryisett.com

1601 UNION BLVD. ALLENTOWN, PA

3-story brick and concrete panel office building of 88,747 SF and a 10,400 SF single story freestanding building available. 3-story building has 15,000 SF available on the third floor and offers 3 phase electric, 120/208 volt, gas forced air heat, loading platform and 2 drive in doors. Single story building is currently leased by day care center. Easy access to Route 22 via Airport Rd.

LEASE AND SALE TERMS OFFERED.

610-398-0904

95% OCCUPIED

ATTORNEYS AT LAW

881 THIRD ST., WHITEHALL, PA

Three story 17,820 SF building on 0.88 acre site, concrete block and stucco, gas hot water/heat, each suite has separate thermostats, on site parking, strong occupancy history and professional tenant mix.

Within ¼ mile of Rte. 22 Fullerton Ave. Exit.

ASKING SALE PRICE: $1,669,000.00 ZONED ADAPTIVE REUSE DISTRICT A

200 CANAL ST., EASTON, PA

9,625 +/- SF two story brick concrete block steel frame building on ½+ acre site, drive in doors, gas heat, single story garage 1,500 SF, some on site parking, concrete floors. Within 1 miles of I-78/Easton Exit.

SALE TERMS OFFERED.

20C — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PENNSYLVANIA Of McCandless Crossing, announces Dougherty

Class A Industrial & multi-building

AdVenture Dev. is beginning class A office components

Binswanger negotiates 2 sales transactions

P

ITTSBURGH, PA — AdVenture Development is beginning the class “A” office components of McCandless Crossing. Consistent with the overall concept for McCandless Crossing, the corporate office sites will integrate design from the other phases of the development.

The showcase office building, One McCandless Place, will be a 109,862 s/f class A development with four levels of office space and a lower level featuring covered parking.

The initial building concepts and renderings have been produced by DRS Architects working in a collaborative effort with the development, leasing, and construction team.

Designed to comply with the green building criteria, One McCandless Place will feature

One McCandless Place large, efficient floor plates of 28,155 s/f, high-quality masonry and glass construction materials, and state-of-the-art mechanical systems. Extensive landscaping and green space will be integrated into the site. Although set back from McKnight Rd., the building will have tremendous visibility and abundant parking capacity,

including the special design feature of covered parking.

Enabling the success of McCandless Crossing is the master plan envisioned by AdVenture Development president, Kevin Dougherty, who has positioned the project to offer a best in-class class working, living, and service amenity environment. ■

WCIDC BOD approve purchase agreements JEANNETTE, PA — The Westmoreland County Industrial Development Corporation’s (WCIDC) Board of Directors Tom Balya, Ted Kopas, and Charles Anderson approved an option agreement with Mike O’Rourke on behalf of Eastern Door Controls, Inc. for the purchase of 1.00 acre

in the Jeannette Industrial Park.

WCIDC Board of Directors approved an option agreement with William Pecora on behalf of Excel Glass, Inc. for the purchase of parcel 5 containing approximately 1.25 acres in the Jeannette Industrial Park Pecora, president of Excel

Glass, Inc. is a current tenant in the Jeannette Industrial Park. The company plans to construct yet another 10,000 to 12,000 s/f facility to warehouse raw material so that additional fabrication space can be made available in their current manufacturing facility. ■

PHILADELPHIA, PA — On behalf of Mercy Health System, Binswanger announced the sale of a multi-building hospital/medical complex on 3.479 acres located at 1930 South Broad St. in Philadelphia.

The buyer, Howell Acquisition, plans to use the property as a mixed-use facility. Financial terms were not disclosed.

Originally built in 1920 with restoration and new construction occurring in 1968 and 1984, the current facility houses over 404,847 s/f of gross floor area. The complex consists of four interconnected building sections forming the medical center with an adjoining five-level parking garage and a one-story powerhouse building.

Strategically located on Broad Street, which serves as the main artery connecting South Philadelphia, Center City, and North Philadelphia, the property provides easy access to anywhere within the city limits via I-76, I-676, I-95, or Broad Street.

“We are so proud to have represented Mercy Health System throughout this important disposition and to know that this significant property will continue to play an important role in the Philadelphia medi-

cal and commercial market.” said Clive G. Mendelow, ViceChairman of Binswanger: Also On behalf of Domtar Paper Company, Binswanger is pleased to announce the sale of a 110,180 s/f class A industrial facility on ten acres. The property is located at 1050 Wheeler Way, Langhorne, in the Bucks County Business Park.

The buyer, Eastern Warehouse Distributors, Inc. plans to use the facility for the distribution of motor vehicle supplies and new parts.

Key features of the facility include clear ceilings heights to 22’; steel columns spaced 40’ x 50’ in the warehouse and 40’ x 40’ in the production area; all utilities; high-efficiency T5 lighting with optical sensors; six tailgate loading docks with levelers; two drive-in doors; CSX rail-served with interior loading; and 7,500 sq. ft. of airconditioned office space.

The property is ideally located in the Bucks County Business Park off of Route 1 offering immediate access to I-95, the Pennsylvania Turnpike (I-276), the New Jersey Turnpike, as well as bridges to New Jersey.

The transaction was handled

by Frank Cullen and Chris Pennington from Binswanger’s Philadelphia, PA office and Frank Roddy from Roddy, Inc. ■

Roddy represents AutoParts Warehouse in $3.8m acquisition LANGHORNE, PA — Roddy Inc. represented AutoParts Warehouse in the acquisition of 1050 Wheeler Way. Frank Roddy, president of Roddy Inc. who handled the transaction on behalf of AutoParts Warehouse advised that Domtar Paper Company, LLC sold the 110,000 s/f building located on 10.0 acres for $3.8 million and was represented

by Frank Cullen, president of

Binswanger.

AutoParts Warehouse sells exclusively to professional installers. Its customer base includes independent garages, new and used car dealerships, fleet accounts and large national chains (Sears, Meineke, Firestone, PepBoys, Midas, Tires Plus, etc.) which typically make purchasing decisions on a store-by-store basis for non-stock items. AutoParts

Warehouse has been able to grow its market share through aggressive pricing, marketing, service and inventory.

Stephen Thorne, president of AutoParts Warehouse, advised that the company will retain ownership of its current location at 355 S. Flowers Mill Rd., which facility consists of 48,232 s/f on 11.92 acres and the company’s executive offices will remain at the location. ■

Green Building Council to present award to Ten Penn owners PHILADELPHIA, PA — Ten Penn Center Associates, L.P., and the City of Philadelphia are announced that Ten Penn Center, located at 1801 Market St., has been awarded LEED (Leadership in Energy and Environmental Design) certification at the Gold level by the U.S. Green Building Council (USGBC). LEED is the USGBC’s leading rating system for designing and constructing the world’s greenest, most energy efficient and high-performing buildings. The milestone marks the first LEED Gold certification for an existing building in Philadelphia, and the third office building in the state of

Pennsylvania.

“Ten Penn Center has proudly taken the lead in demonstrating how existing buildings can join the movement to make Philadelphia ‘America’s Greenest City’ by 2015,” said Dan Busch of Greenville Partners, a partner in the building’s ownership with Sterling American Property Inc. “And by introducing green practices in the workplace, where our 1,700 tenants are spending the better part of their day, it’s our hope that they not only enjoy an enhanced work environment but also carry over some of those green principles to their home life.”

“Ten Penn Center’s LEED

Gold certification demonstrates tremendous green building leadership,” said Rick Fedrizzi, President, CEO and Founding Chair, U.S. Green Building Council.

Built in 1981 and acquired by Ten Penn Center Associates, L.P., in the fall of 2006, Ten Penn Center is a 721,408 gross s/f, class A commercial office building at the corner of 18th and Market streets in Center City. In 2010, having earned its Energy Star Label, Ten Penn Center brought in LEEDing Edge Consultants to refine its operations and maintenance systems to achieve LEED certification for energy, lighting, water and material use. ■

CBRE arrange lease of Non profit school WAYNE, PA — CB Richard Ellis, Inc.’s (CBRE) Greater Philadelphia Suburban office represented the tenant, Academy In Manayunk (AIM), in a 15-year, 63,512 s/f lease at River Park 2 in Conshohocken, PA. CBRE’s brokerage team, comprised of Senior Associate Mike Barker and senior vice president Dan Dagit, successfully relocated AIM from Manayunk to 1200 River Rd. in Conshohocken. AIM is the fastest growing school for children with learning differences in the region and their new space at River Park 2 reflects that growing need.

AIM serves children from grades 1 through 12 with language-based learning disabilities such as dyslexia, dysgraphia and dyscalculia.

Not only do they provide assistance and education to students, but also to teachers through their carefully crafted teacher training and outreach programs. This research to practice approach has trained over 1000 teachers since AIM was founded.

The CBRE brokerage team was able to find AIM a unique space that would allow for a field, gymnasium/performing arts center and expansion of classrooms. The location was also extremely convenient for the school because of the close proximity to its original site in Manayunk, the Conshohocken Boat House where AIM’s crew team is based, and public transportation by way of the Manayunk/Norristown SEPTA regional rail line.

AIM will be able to utilize the property in several different ways. A professional development wing has been created to accommodate three state of the art teacher training classrooms, which will allow them to continue Wilson Reading, LETRS, and other training workshops.

Having a space that fulfills their need for growth has provided the school with assurance that they can continue to be an enduring resource for children, families and educators throughout the region. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — September 9 - 22, 2011 — Inside Back Cover C

ts

ac tr on C le al lab on ai as Av

C om C p on lim su e lta nt tio ary n

Se Snow & Ice Solutions

The Mark Of Excellence In Zero Tolerance Snow And Ice Management TM Commercial • Industrial • Retail • Liquid Anti-Icing • Snow Plowing • Snow Removal • De-Icing • Fast Reliable Service • Radio Dispatched Fleet • Fully Insured

Visit

us at

Phill y ICS Boot h #31

0

24/7 Call Center Service

877• DE•ICE•IT (877•334•2348)

www.cenovainc.com

Member Of

The Mark of Excellence in Property Maintenance

C

C Back Cover — September 9 - 22, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

FOR SMARTPHONES

Visit our Web site to see hundreds of buildings and sites in northeastern PA from 1,000 SF 1,000,000 SF. R A I L AVA I L A B L E

CenterPoint Commerce & Trade Park West 250 Enterprise Way, Pittston Twp.

Humboldt Industrial Park 1104 North Park Drive, Hazle Twp.

Mid-Valley Industrial Park 1200 E. Lackawanna Ave, Olyphant, PA

Humboldt Industrial Park 61 Green Mountain Rd., East Union Twp.

• 51.15 acre build-to-suit site

• 410,000 SF to 615,000 SF

• 408,200 SF to 648,200 SF

• 365,114 SF (expandable)

• Can fit up to 507,600 SF

• 31’10” to 36’2” ceilings

• 30’9” to 36’6” ceilings

• 40’2” ceilings

• Graded, NPDES permit

• 46 loading doors, 1 drive-in

• 32 loading doors

• 20 loading doors, 1 drive-in

• 10-year tax abatement

• Large parking areas

• Room for 500+ trailers

• ESFR fire protection system

CenterPoint Commerce & Trade Park East 400-450 CenterPoint Blvd., Jenkins Twp.

Cross Valley West Professional Building 180 Welles Street, Forty Fort Borough

CenterPoint Commerce & Trade Park West 345 Enterprise Way, Pittston Twp.

Hanover Industrial Estates 320-330 Stewart Road, Hanover Twp.

• 99,200 SF to 198,400 SF

• 41,554 SF to 121,446 SF

• 6,427 SF to 108,939 SF

• 108,000 SF to 162,000 SF

• 33’ to 36’7” ceilings

• 16’ and 26’ ceilings

• 30’ to 33’ ceilings

• 30’ to 32’11” ceilings

• 26 loading doors, 1 drive-in

• 25 loading doors

• 14 loading doors, 1 drive-in

• 29 loading doors, 1 drive-in

• Foreign Trade Zone

• Very affordable lease rates

• Large parking areas

• 5 minutes from I-81

Pennsylvania Business Center 350 N. Pennsylvania Ave., Wilkes-Barre

Hanover Industrial Estates 1110 Hanover Street, Sugar Notch Boro.

Humboldt Industrial Park 63 Green Mountain Road, Hazle Twp.

CenterPoint Commerce & Trade Park East Parcel 1, Keystone Ave, Jenkins Twp.

• 21,092 SF to 179,908 SF

• 10,046 SF to 104,870 SF

• 82,691 SF

• 58,000 SF Class A office

• 12’ to 26’ ceilings

• 30’ to 33’6” ceilings

• 30’8” to 36’5” ceilings

• Graded, 7.98 acre site

• Loading doors & drive-ins

• 17 loading doors, 1 drive-in

• 9 loading doors

• Permitted & approved

• Very affordable rents

• Abundant on-site parking

• (2) 463 SF whse offices

• Great highway visibility!

Hanover Industrial Estates 400 Stewart Road, Hanover Twp.

CenterPoint Commerce & Trade Park East

CenterPoint Commerce & Trade Park East

275-285 CenterPoint Blvd., Jenkins Twp.

240-258 Armstrong Road, Jenkins Twp.

CenterPoint Commerce & Trade Park East 145-173 CenterPoint Blvd., Jenkins Twp.

• 53,040 SF office/flex bldg.

• 37,329 SF

• 16,844 SF

• 8,023 SF

• 41,790 SF on 1st floor

• 33’4” to 36’8” ceilings

• 29’10” to 34’2” ceilings

• 30’6” to 33’6” clear ceiling

• 11,250 SF on mezzanine

• 6 loading doors

• 3 loading doors

• 1 loading door

• Excellent call center space

• Abundant on-site parking

• Quick access to I-81

• Great highway visibility!

Call Today! 570.823.1100 Developing Pennsylvania's I-81 Corridor for 25 Years.

Bob Besecker  Jim Hilsher Bill Jones  Dan Walsh