2-24-12 MARE Journal

2

Guest ColumnistRobert Watson, Jr.

For offi ce and multifamily properties in NJ and PAMeridian Capital Group, LLC

negotiates $28.9 million in fi nancingORT WASHINGTON, PA – Meridian Capital Group LLC, negotiated

a $7.1 Million mortgage for a medical offi ce building locat-ed in Fort Washington, PA.

The five-year financing features a favorable rate of 4.75% And was provided by a local savings bank. This transaction was negotiated by Joshua Gorsky, a mort-gage fi nance advisor based in meridian capital’s New Jersey offi ce.

The two-story, 33,000 s/f multi-tenant, medical of-fice building is located at 467 Pennsylvania Avenue. The property was recently renovated and has been fully occupied for more than fi ve years by a stable tenant base that is attracted to its loca-tion and the recent capital improvements. The tenants in the building include highly specialized practices with fully functional operating rooms and teaching suites used to hold virtual demon-

F

Cronheim Mortgage arranges $25.5m in fi nancing for 485 multifamily units

BORDENTOWN, NJ — Da-vid Turley and Anna Westhoff of Cronheim Mortgage teamed up to arrange permanent mortgage fi nancing totaling $25,475,000 for nine multi-family properties located in New Jersey and New York City. The 5 and 10-year loans

ISSUE HIGHLIGHTS

Volume 24 Issue 4Feb. 24 - March 15, 2012

10-11

www.marejournal.com

Shopping Centers ........................ 15-30Owners, Developers & Managers . 7-14Green Buildings ........................... 31-41

Directory

Upcoming SpotlightsThe Best of 2011

Conti nuing Educati on

were placed with three banks and an insurance company. The 5-year rates averaged 3.55% while the 10-year rates were locked as low as 4.1%. All of the loans were non-recourse.

Bordentown, NJ

Balliet of KW-The James Balliet

Commercial Group inks $16.35m sale

15

REAL ESTATE JOURNALthe most comprehensive source for commercial real estate news

467 Pennsylvania Ave.

strations of state-of-the-art procedures.

In other news – Merid-ian Capital Group, LLC, announced the following transactions:

Meridian negotiated a new mortgage in the amount of $6.4m for the Lion’s Gate Apartments, a garden-style multifamily complex located in Philadelphia, PA. The loan

The properties range in size from a 105-unit midrise to a 40-unit garden apartment complex. With the excep-tion of one luxury asset, the properties are located in the

working class communities of Bordentown, NJ; Ewing, NJ; Irvington, NJ; Bound Brook, NJ and Upper Manhattan. “Investors have recognized that while middle income com-munities around the country are still struggling to recover from the Great Recession, workforce housing demand in New Jersey and New York City is strong,” said David Turley. “Lenders have noted improving multifamily fun-damentals and are increas-ing allocations for apartment loans. Many will stretch to win a particularly attractive deal.” Anna Westhoff noted that fi ve of the loans were re-fi nances with signifi cant cash out to the borrower. “While many lenders are hesitant to allow borrowers to leverage up their assets with non-recourse capital,” she said, “we have identifi ed several sources that are not sensitive to cash-out transactions.” ■

a fi ve-year term. The trans-action was negotiated by Joshua Gorsky.

Meridian negotiated $2.4m in acquisition fi nancing for the purchase of a 39-unit multifamily building on Eu-clid Avenue in Hackensack, NJ. The loan features a rate of 4.50% and a 10-year term. The transaction was negoti-ated by Steve Tessler.

A new mortgage of $1.5m was placed by Meridian on a fi ve-story, 38-unit multifam-ily building situated on Lare-ine Avenue in Bradley Beach, NJ. The loan features a rate of 4.75% and a fi ve-year term. The transaction was negoti-ated by Steve Tessler.

A new mortgage of $7m was placed by Meridian on Ches-wick Square Apartments, a 111-unit garden-style, mul-tifamily complex located in Philadelphia, PA. The loan features a rate of 4.20% and a 10-year term. The transac-tion was negotiated by Israel Schubert. ■

features a rate of 4.20% and a 10-year term. The transac-tion was negotiated by Israel Schubert.

A new mortgage of $7.1m was placed by Meridian on a medical office building on Pennsylvania Avenue in Fort Washington, PA. The property contains eight units totaling 33,000 s/f. The loan features a rate of 4.75% and

Inside Cover — February 24 - March 15, 2012— Mid Atlantic Real Estate Journal www.marejournal.com

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www.marejournal.com Mid Atlantic Real Estate Journal — February 24 - March 15, 2012 — 1

Liberty Commons98,400 Sq. Ft.

$15,800,000East Rutherford, NJ

Feasterville Plaza 110,000 Sq. Ft.

$15,000,000Feasterville, PA

Regency Woods Apts. 156 Units

$14,750,000Doylestown, PA

Merritt Station 296 Units

$15,300,000Meriden, CT

Hudson Square South150 Units

$33,000,000Hoboken, NJ

Park at Westminster 270 Units

$24,000,000Warrington, PA

Relationship Driven. Execution Focused.

Goshen Terrace Apartments384 Units

$32,000,000West Chester, PA

Hunters Glen1,124 Units

$49,000,000Delran, NJ

Toftrees Apartments 541 Units

$31,400,000State College, PA

Steward’s Crossing241 Units

$27,200,000Princeton, NJ

Woods at Narraticon150 Units

$16,950,000Deptford, NJ

West Creek Village 306 Units

$16,000,000Elkton, MD

Recent New Jersey and Mid-Atlantic Financing Transactions:

2 — February 24 - March 15, 2012 — Mid Atlantic Real Estate Journal www.marejournal.com

Mid AtlanticReal Estate Journal

very state affords some level of protection to contractors, subcontrac-

tors and suppliers who have provided labor and materials toward the improvement of real estate. Commonly known as construction or mechanics’ liens, in the United States the entitlement to a claim has its roots in the founding of Wash-ington, DC. Thomas Jefferson and James Madison encouraged the Maryland legislature to provide a mechanism by which contractors could feel confi dent venturing into the swampland to construct the buildings and improvements which now con-stitute our capital city.

While lien claims had their origin in ancient law dating back to Roman times, their modern form is clearly a crea-ture of statute. Each state’s leg-islative scheme outlines a dif-ferent set of steps which must be followed in order to perfect a lien claim. The timing of advance notices, pre-lien certi-fi cations and actions to enforce lien rights vary wildly from state-to-state, as does the case law interpreting a potential claimant’s entitlement to take advantage of this often pivotal right to demand payment not only from a contractor who is in default, but from the owner of real estate itself even if it has no contract with the party seeking to fi le a lien claim.

Pennsylvania courts have traditionally adhered to a very strict reading of its Lien Law, noting that the remedy is in derogation of common law; and due to the special nature

Mid Atlantic REAL ESTATE JOURNALPublisher ............................................................................Linda Christman

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

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

Section Publisher ................................................................Elaine Fanning

Senior Editor/Graphic Artist ................................................ Karen Vachon

Production Assistant ........................................................ Rachel Rugman

Offi ce Manager ...................................................................Joanne Gavaza

Editorial Consultant ............................................................. Ben Summers

Guest Columnist .......................................................Robert R. Watson, Jr.

Mid Atlantic REAL ESTATE JOURNAL ~ Published Semi-Monthly

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Mid AtlanticReal Estate Journal

E

By Robert R. Watson, Jr.Recent PA Decision Tips Scales Further in Favor of Mechanics’ Lien Claimants

thereof, when a party’s rights to file a lien are challenged, its entitlement will be closely scrutinized. Often owners or other parties opposing a lien claim will rely on older cases interpreting the statute, which suggest that if the strict terms of the Lien Law are not rigor-ously adhered to, a claimant’s lien may be subject to prompt dismissal. In PA, owners may no longer rely on this strict scrutiny to tip the scales in their favor, and against a lien claimant’s rights.

Last month, in Bricklay-ers of Western Pennsylva-nia Combined Funds, Inc. v. Scott’s Development Co., the Pa. Superior Court confi rmed for the first time that when defi ning the class of available lien claimants, the scope of the Lien Law’s protections must re-ceive a broad interpretation, to further the statute’s remedial purpose of protecting pre-pay-ment of labor and materials, and to promote justice.

In Bricklayers, the lien claim-ants were trustees of union employee benefit funds; and the owner asserted that the benefi t funds were not entitled

to assert a lien claim for unpaid contributions. In reaching its decision, the Superior Court found that union members’ col-lective bargaining agreements actually qualifi ed as “subcon-tracts” under the Lien Law. The Superior Court held the statute must be “liberally construed” to “effectuate the Mechanics’ Lien Law’s remedial purpose of protecting pre-payment of labor and materials.” In lan-guage which will reverberate in PA Lien Law cases for the foreseeable future, and brings interpretation of the statute into line with some neighboring states, the PA Superior Court notes,

If the Mechanics’ Lien Law is to be construed to advance its remedial purpose, the scope of the statute’s protection should receive a liberal interpretation, especially when it involves de-fi ning the class of available lien claimants.

If you are considering wheth-er you have a right to fi le or dispute a mechanics’ lien claim on a given project, it is still es-sential to bear in mind those le-gal deadlines for notifi cation to

continued on page 3A

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A Greener NJ .............................................................32

ABC Organization ..................................................... 11

Aldo Design Group ......................................................8

All-Rite Construction ................................................22

Auctioneers Directory .................................................5

Billboard Classifi eds.. ...............................................44

Birdsall Services Group ............................................38

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Capitol Aerials. ..........................................................32

CBC Bennett Williams .........................................15,20

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Cooper Roofi ng Inc. .....................................................9

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Delran Builders ......................................................... 11

Earth Engineering.. ..................................................16

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Hutchinson Mechanical Services .............................36

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Kay Realty Services ..................................................22

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Marcus & Millichap T/Z ............................................21

Max Spann Real Estate Co .........................................4

Meridian Capital Group, LLC .................................1,3

Metro Commercial.. ..................................................23

Metro Management. ..................................................16

MONTECALVO .........................................................37

Northmarq ...................................................................3

ONDRA-HUYETT Associates .....................................8

Poskanzer Skott Architects ......................................14

Provident Bank ...................................................... IFC

RD Management ..................................................26-27

REMCO Realty ..........................................................25

Retail Brokerage Directory .......................................29

ROCK Commercial.. ..................................................18

Silbert Realty & Management .................................28

Sun Farm Network ...................................................33

Taylor Long Properties .............................................20

Tranzon Auction ..........................................................5

Warner RE & Auctions ................................................5

Wohlsen Construction ............................................... 11

WP Realty ..................................................................17

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MID ATLANTIC REAL ESTATE JOURNAL

RISTOL, PA — Col-liers International’s Industrial Division an-

nounced the sale of a manu-facturing facility formerly owned by Ferag. The 128,000 s/f property, located at 190 Rittenhouse Circle in the Key-stone Industrial Park was sold to Action Manufacturing for $6.125 million.

Colliers International’s Lar-ry Bergen and Andy McGhee were the sole brokers in this transaction.

In a seperate transaction Colliers announced the lease of 45,000 s/f at the Tri-County Business Campus located at 1000 Armand Hammer Blvd., Pottstown to Service Partners

CBRE represents landlord in 45,000 s/f lease

Bergen & McGhee of Colliers Int’l. facilitate $6.125m saleB

Hunters Glen1,124 Units

$49,000,000Delran, NJ

Steward’s Crossing241 Units

$27,200,000Princeton, NJ

Woods at Narraticon150 Units

$16,950,000Deptford, NJ

West Creek Village 306 Units

$16,000,000Elkton, MD

Recent Financings Arranged By Meridian Capital Group

of the Carolinas, a MASCO subsidiary.

This long term lease will en-able MASCO’s popular insula-tion division, known as East Coast Insulation, to better serve its customer base along the Eastern seaboard. MAS-

CO companies include such renowned brands as Kohler, Kraftmaid and Behr Paints.

Larry Bergen of Colliers represented MASCO in this lease transaction. CBRE rep-resented the landlord, BCW Associates. ■

the owner of an intention to fi le where applicable, and then for fi ling, serving and prosecuting the lien claim in a timely fash-ion. Other important timing deadlines in the PA Lien Law still apply, and in this rocky development and construction environment potential claim-ants do find it is necessary to act on those rights sooner instead of later. The owner in

that case has fi led a petition for allowance of appeal, but it is not clear whether the state Su-preme Court will review the de-cision. For owners, contractors, subcontractors and suppliers in Pennsylvania, the Bricklayers decision, as it currently stands, establishes that when debating whether a party who has other-wise complied with the techni-cal requirements of the Lien

Law is properly entitled to state a claim in the fi rst place, the scales of justice should tip in favor of allowing the aggrieved contractor, subcontractor or supplier’s claim to proceed.

Robert R. Watson, Jr. has practiced in the field of construction law since 1999. He is an attorney with East-burn and Gray, PC in its Blue Bell, PA offi ce. ■

Recent PA decision tips scales further in favor of mechanics . . .

190 Rittenhouse Circle

Patrick J. O’Keefe, Director of Economic Research,J.H. Cohn

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nounced that its previously reported ac-quisition by C-III Capi-tal Partners LLC (C-III) h a s b e e n completed, which will greatly benefit Delaware affi liate NAI Emory Hill according to President Carmen Facciolo, Jr.

“NAI Emory Hill will retain its independent company sta-

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C-III Capital Ptrs. completes NAI Global acquisition

tus and will remain a local leader in commercial real estate in Delaware and the tri-state area with its many solid client relationships and property offerings, but can now capitalize further on NAI Global’s expanded services and resources for our clients through the merger with C-III,” Facciolo said.

NAI Global will continue to operate as a separate company under its current manage-ment. C-III will accelerate NAI Global’s growth by exploring business development oppor-tunities in strategic locations,

including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services world-wide.

C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund man-agement, CDO management, principal investment, title ser-vices and multifamily property management.

The transaction will help create a leading fully inte-grated commercial property services company that will operate in markets around the world. C-III is led by CEO Andrew Farkas, who founded and was chairman and CEO of Insignia Financial Group, Inc. Headquartered in Irving, TX, C-II has offi ces in New York City, Greenville, SC, McLean, VA, Chicago, IL, Dallas, TX and Nashville, TN. ■

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Carmen Facciolo, Jr.

LIVINGSTON, NJ — Mem-bers of the Livingston com-munity and Regal Bank re-cently participated in the nationwide fund raising ini-tiative “Cycle for Survival,” led by the Memorial Sloan-Kettering Cancer Center. As part of this indoor, team cycling event that helps fund research, students from four Livingston elementary schools used their ingenuity to raise $4,000, while Liv-ingston-based Regal Bank contributed $1,000 to the cause. ■

Regal Bankparticipates infundraiser

Back row,shown from left: Chris-tina Slater, VP, regional manager; Daniel Tower, EVP, CFO; Andria Sztojka, customer service rep; Fernanda Monteiro, head teller; Monte Ehrenkranz, VP, business development

WantedAUCTION NEWS

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DELRAN, NJ – Peggy Ire-land has been promoted to vice president, leasing at Whi-tesell Construction Co., Inc., southern New Jersey’s largest privately owned real estate de-velopment fi rm. Ireland, previ-

ously served as the com-pany’s senior leasing man-ager for ten y e a r s a n d has been ac-tive in south-ern New Jer-sey commer-

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DISON, N.J. (Feb. 13, 2012) — TriState RE-ALTORS Commercial

Alliance announced that The Commercial Real Estate School of New Jersey will host its fi rst course offering on Tuesday, Feb. 28 at the New Jersey Conven-tion and Exposition Center (NJCEC), located at 97 Sunfi eld Ave.

Cost Segregation For The Commercial Broker will be led by instructor Jerry Kootman, CPA, of Cost Recovery Solu-tions, LLC, and will provide attendees with a comprehen-sive tutorial on how to use cost segregation analysis to help

“For The Commercial Broker” to Edison, NJ on Feb. 28

The Comm’l. RE School of NJ brings “Cost Segregation”E create more value for their cli-

ent base.Enrollment for the three-

hour NJ Mandatory Continu-ing Education (MCE) elective course — a $75 value — is free for TriState members and $25 for all other members of the

commercial real estate com-munity. Registration will begin at 8:30 a.m. and will coincide with a breakfast sponsored and hosted by Summit Associates. The course will be held from 9 a.m. to 12 p.m. Space is limited to 70 attendees. ■

MONTGOMERY COUNTY, PA — NAI Mertz announced the lease transaction recently completed by Adam Lashner, vice president, between TRC Electronics Inc. and Nappen & Associates.

TRC Electronics will occupy 16,950 s/f of industrial space located at 101-B Domorah Dr., at Montgomeryville Industrial Center. This 33,900 s/f build-ing is a modern, one-story industrial facility that features 3,085 s/f of office space, 20’ clear ceiling height, 4 tailgates and 1 drive-in door. The an-nouncement of the new TRC headquarters comes on the eve of TRC’s 30th Anniversary as a leading provider of power supply solutions. This move provides a progressive work-space that better suits TRC’s demanding facility require-ments. It is TRC’s critical mis-sion to be second to none and provide the greatest service and power supply solutions to their business partners. TRC Electronics has supported over 26,000 businesses and carries over 10,000 power solu-tions from the world’s leading manufacturers of power supply technology.

“TRC Electronics is a well es-tablished company with a confi -dent outlook. Montgomeryville is an ideal fi t, located in the most business-friendly state in the Northeast. The move marks an exciting new era for the com-pany,” said company president, Stephen Lagomarsino. ■

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www.marejournal.com Mid Atlantic Real Estate Journal — February 24 - March 15, 2012— 7

OWNERS, DEVELOPERS & MANAGERS

ETHLEHEM, PA — The Kislak Company, Inc., the dominant

investment real estate sales fi rm in the tri-state region, an-nounced the $36.7 mil-lion sale of a four-prop-erty multi-family portfolio with a total of 430 units in Bethlehem, Pennsylvania.

The sale included The Mead-ows at Lehigh with 176 units, The Hills at Lehigh with 156 units, Waters Edge with 80 units, and Riverwalk Town-homes with 18 townhomes. President and co-managing director Robert Holland repre-sented both parties, longtime Kislak clients, in the transac-tion.

“Kislak had previously sold these properties six years ago,” said Holland. “At the time, the properties were in need of a complete turnaround. The seller subsequently completed many improvements includ-ing renovating over 70% of the units, and raised the oc-cupancies signifi cantly. The properties are now in excel-

B

lent condition with stable ten-ancies. The sale provided an opportunity for the purchaser to acquire strong properties in an expanding market while increasing its presence in the Lehigh Valley.”

The Lehigh Valley is the fastest growing and third most populous region in Penn-sylvania, and the Interstate 78 corridor connecting New Jersey and Pennsylvania is benefitting from population growth and several major de-velopments. It is a one-hour drive from New York City.

The properties are located in suburban neighborhoods in high-quality school districts, and the submarket has solid

employment. The new Sands Casino and Resort, Lehigh University and many other major employers are nearby.

As part of the transaction, the purchaser assumed a $28 million Freddie Mac loan han-dled by Beech Street Capital. The seller was represented by Alan Hammer, Esq. of Brach Eichler, LLC of Roseland, NJ. The purchaser was represent-ed by Robert Schachter, Esq. of Greenbaum, Rowe, Smith & Davis LLP of Woodbridge, NJ.

At the time of closing, the properties were approximately 96% occupied. The purchaser plans to complete renovations to the properties. ■

The Hills at Lehigh

Robert Holland

Holland handles sale of four properties with 430 units

Kislak completes $36.7m sale of Bethlehem, PA portfolio

Offered at four levels of fi nancial investment

Yardi signs on as an IREM Industry Partner

CHICAGO, IL — The Insti-tute of Real Estate Manage-ment (IREM) announced that Yardi Systems has become a 2012 IREM “Industry Part-ner.” The Industry Partner program helps providers of products and services to the real estate management in-dustry enhance their personal connections to IREM Mem-bers on a cost-effective basis. Recognizing that these pro-viders have much useful in-formation to share, it calls for coordinating knowledge ex-change through IREM print, electronic and face-to-face communications in ways that benefi t both the providers and the IREM membership.

Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite, Yardi Commercial Suite and Yardi Investment Suite, the Yardi Voyager system is the most comprehensive single real es-tate management platform on the market today. Yardi serves clients around the world from offi ces in Asia, Australia, Eu-rope and North America.

The IREM Industry Partner Program is offered at four levels of fi nancial investment

– chairman, president, direc-tor, and executive – and can be tailored to meet the specifi c needs of each partner. Benefi ts include sharing of industry in-formation, advertising (print and electronic), sponsorships and exhibiting at national events, use of membership lists, and access to top IREM leaders and colleagues. Indus-try Partners thus far for 2012 are Yardi Systems (chairman level); Union Bank and Ap-pFolio, Inc. (director level); and Circumspex and Real-Page (executive level)

The Institute of Real Estate Management (IREM) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affi liate of the National Asso-ciation of REALTORS, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 77 years. IREM is the only professional real estate management associa-tion serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 interna-tional chapters, and several other partnerships around the globe. ■

BLOOMFIELD, NJ — Mar-cus & Millichap Real Es-tate Investment Services an-nounced the sale of a 37-unit apartments property, accord-ing to Michael Fasano, vice president/regional manager of the fi rm’s New Jersey offi ce. The asset commanded a sales price of $2.725 million.

Christopher Rizzolo, an in-vestment specialist in Marcus

Rizzolo of Marcus & Millichap coordinates sale of 37 unit apartment building totaling $2.725m

& Millichap’s New Jersey offi ce coordinated the sale between the seller, a local management group, and the purchaser, a 1031 exchange buyer from Los Angeles.

The subject property is lo-cated at 355 Belleville Ave. It consists of thirty residential apartment units and seven ground fl oor retail stores.

“The completion of this

transaction is yet another sign that quality, stable assets in strong Northern NJ locations command attention from the investor pool” said Rizzolo. The buyer was counseled by local real estate attorney Jona-than Mehl, based in Ruther-ford. Joshua Lipsey of Marcus & Millichap Capital Corpora-tion arranged the fi nancing on behalf of the purchaser. ■

PLAINSBORO, NJ — HFF closed the sale of Ravens Crest, a 704-unit, class A multi-hous-ing community.

HFF marketed the asset on behalf of the seller, Equity Residential. The purchaser is an affi liate of Heitman LLC.

Ravens Crest is located at 3217 Ravenscrest Dr. close to Interstate 95/The NJ Tpke. and Princeton in central NJ, equidistant to Philadelphia and NYC. The property has one- and two-bedroom units and features a swimming pool

and tennis court. Occupancy is more than 95 percent.

The HFF investment sales team representing the seller was led by senior managing directors Jose Cruz and Andrew Scandalios, and directors Kevin O’Hearn and Jeffrey Julien. ■

HFF closes sale of class A Central NJ multi-housing community

The board of the Lakewood Industrial Commission (LIC) elected its 2012 officers at the annual reorganization meeting of the LIC. Robert Kirschner, owner of Robert Kirschner Real Estate, Lake-wood, was elected chairman. Other officers are Shlomo Katz, vice chair; and Justin Flancbaum, secretary. Both Katz and Flancbaum special-ize in commercial and residen-tial real estate development.

The rest of the 2012 board is made up of Commission-ers Gregory Stafford-Smith, owner of AG&G sprinkler system services; Neil Brooks, owner of Neil Brooks Plumb-ing, Heating and Cooling; and

Offi cers chosen at LakewoodIndustrial commission meeting

newly elected commissioners Sam Rabinowitz, real estate developer, and Edwin Schus-ter, owner of E.J. Schuster’s Offi ce Supplies and Furniture. Members of the Lakewood Industrial Commission are appointed for fi ve-year terms by the Lakewood Township Committee.

In other business, Steven Reinman was confi rmed as ex-ecutive director of the LIC and Anita Doyle was confi rmed as secretary-designee. Doyle also serves as deputy coordinator of the LDC (Lakewood Devel-opment Corporation) and ex-ecutive assistant of Lakewood Township and the Lakewood Airport. ■



EWARK, NJ — Di-versifi ed Capital has added a broad suite

of new tenant amenities being implemented at 24 Commerce St., the former Federal Trust Bank building in downtown Newark. These new ameni-ties, along with the $5 mil-lion building renovations, are part of the company’s overall investment in the historic offi ce structure, which rises 18 stories and encompasses a total of 180,000 s/f.

The landmark building will now provide enhanced conve-niences to its roster of profes-sional and corporate tenants. The refurbished Art Deco lobby will be entirely ADA-accessible, with 24/7 access, a manned guest reception and a new, state-of-the-art electronic directory. A shared conference suite will offer two multi-purpose meeting rooms, each accommodating up to 20 people, with video conferenc-ing capabilities and a pantry

equipped to handle catering. A new fi tness center will contain a well-designed gym, as well as male and female locker rooms with showers.

“As long-term members of the Newark business com-munity, we are investing in 24 Commerce Street in order to make it the city’s premier

professional address,” said Joseph Rosenbaum, president of Diversifi ed Capital. “In this challenging economy, many real estate companies are fl oundering, but our tenants can be confi dent in our sta-bility and strength, and our long-term commitment to this world-class building.”

The exterior of 24 Com-merce Street has undergone major improvements, with extensive re-facing and im-pressive new signage restor-ing the building to its earlier grandeur. Located one block from Newark Penn Station and the PATH, 24 Commerce Street is also convenient to NJPAC, the Prudential Cen-ter and Gateway Center, as well as to shops, restaurants, hotels and parking facilities. With panoramic views of the Newark skyline, the building is only 20 minutes from New York City and four miles from Newark Liberty International Airport. ■

Including $5 million in building renovations

Diversifi ed Capital adds new tenant amenitiesN

Eastern PA’s Award WinningConstruction Company

Construction Specialists: New and Renovations

■ Offi ce Building ■ Flex Buildings ■ Manufacturing & Industrial ■ Medical & Health Care Facilities ■ Resort & Hospitality

Integrity is the Cornerstone of Our Business

■ Honest & Accurate Cost Estimates ■ Construction Quality ■ Collaborative Process ■ Fairness with Owners, Designers and Trade Contractors

Call Bud Hackett at 610 366 1709 x 242www.ohainc.com

RARITAN, NJ — The state of New Jersey in conjunction with The National Council for In-terior Design Qualifi cations (NCIDQ) has awarded their pres t ig i ous Certified In-t e r i o r D e -signer (CID) certification to Caroline Shelly, director of Hunterdon Facility Planners, LLC. This acknowledgement distinguish-es Shelly’s highest degree of competence and experience to create interior offi ce and facil-

As part of the renovations, the re-furbished Art Deco lobby (pictured here) will be entirely ADA-acces-sible, with 24/7 access, a manned guest reception and a new, state-of-the-art electronic directory.

The National Council for Interior Design Qualifi cations awardsHunterdon Facility Planners’ Shelly with CID certifi cation

ity spaces. NCIDQ certifi cation was es-

tablished to provide protection to the general public by setting standards of competence in the practice of interior design. To gain certification a designer must be knowledgeable and competent in areas such as ethics, building codes, contract documentation, accessibility issues and design development to name a few.

Shelly also holds certifica-tions from the US Green Build-ing Council, Leadership in Energy and Environmental Design, WEBENC and cur-rently serves on the board for

the New Jersey MOREChapter of International Fa-

cility Managers Association.“Our CID certifi cation is a

formal acknowledgment of Hunterdon Facility Planners’ commitment to design and ex-ecute safe, healthy productive work spaces for our clients” said Shelly.

Hunterdon Facility Planners has served the northeast region for more than 25 years offering corporate clients a wide range of facility planning disciplines with expertise in managing projects from the technical and design aspects to the licensure and permits. ■

Caroline Shelly

Deadline: March 16th

Contact Joe Christman

781-871-5298 / 800-584-1062 x 202

[email protected]

Promote your company,

projects and expertise in

MAREJ’s annual

Building Exterior/ POA

SpotlightMarch 30, 2012



Residential • Commercial • Industrial

COOPER ROOFING INC.We Service New Jersey, Pennsylvania, Maryland and Delaware

Specializing In Commercial and Industrial Roofi ng

24 Hour ServiceCall 800-945-2833

www.cooperroof ing.com970 River Rd. • Croydon, PA 19021

Low, Low Prices

We Not Only Install New Roofs, We Repair Also!

30 Years of Experience

10 — February 24 - March 15, 2012 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal www.marejournal.com

Associated Builders and Contractorswww.abc.org

ABC Delaware Chapter ABC Pennsylvania Chapter

The 2012 ABC Delaware Board members were sworn-in during the January dinner meeting at the Christiana Hilton, with John Gooden of M. Davis taking the helm as chairman. During his speech, Gooden outlined his agenda for the year, and encour-aged all members to become more involved in their trade organization.

ABC National Region 5 Vice Chair Pamela Volm (left) presides over the Oath of Offi ce during the Board Induction ceremony January 12.

“It has been a tough time to be in construction for a long time. The economy is ugly, capital budgets are shrinking and the regulatory environment is brutal,” said Gooden. “It’s been hard out there for so long that some people have given up. We are not giving up. ABC needs to lead the charge in getting its members back to work. Our members need to be working, growing and building a backlog.”

During his speech, Gooden shared how is involvement in ABC came to be and what it means to be an active member of ABC Delaware.

ABC Delaware 2012 Chairman John Gooden“For a long time, I was just a body that could go to ABC

meetings when needed. My real involvement with ABC started through the vo-tech schools,” said Gooden. “M Davis has been a big supporter of our local vo-techs for many years and I got active in working with some of their programs in the mid 90’s. My involvement in the vo-tech schools led to me joining the Careers in Construction committee at ABC. I’m still active to this day with the schools and it is one of the most rewarding parts of my job. Our workforce is made up of numerous suc-cess stories from the vo-tech system.”

Gooden’s goals for 2012 include business development by targeting users so ABC members get the fi rst call about upcoming jobs; helping students and their parents realize that work in the construction industry is viable and you can have a construction career; becoming politically active during this extremely important election year; and retaining current members and recruiting new members to keep the organization strong and lively.

“Last year, we had the best attended Legislative Reception in our history and we had a record number of legislators at our awards dinner in November,” said Gooden. “We are going to build on this momentum by getting our members to be at their legislator’s events, meetings and active with their campaigns. The people who are running for offi ce need to know who we are and that we are there to support them. Our legislators will know that we are ABC and that they can count on us. Please encourage your friends and employees to get engaged in the political system as well. Time spent supporting our candidates is critical but equally important is coming with a check in hand. We all need to budget now both personally and professionally to be able to write those checks.

“I’d like to close with a quote from Albert Einstein,” said Gooden.” ‘…When a group of individuals becomes a ‘we’, a harmonious whole, they have reached as high as humans can reach’. ABC is that we and we can do anything that we put our minds to.”

UPCOMING ABC DELAWARE EVENTS

March 1 Networking Night at Cavaliers CC, Newark

March 23 Sporting Clay Shoot, Greenwood

March 29 ABC Trade Show, Clarion Hotel, New Castle

April 25 Legislative Reception, Dover

May 3 Safety & Student Awards Dinner, Newark

By Mark McMahon, Chairman, ABC Eastern Pennsylvania Chapter Chairman

ABC Eastern Pennsylvania Chapter Turns 50 in ‘12 It’s an understatement to say that a lot has changed in the last 50 years. Since

1962 the following things have become an expected part of our culture: personal computers, GPS, digital music, electronic ignitions, ATMs, fi ber optics, PV solar energy and many more acronyms than I can list.

The one thing that hasn’t changed in the last 50 years is Associated Builders and Contractors Eastern Pennsylvania Chapter’s (ABC) commitment to protecting contractors’ rights to conduct business without intimidation or retaliation because of labor affi liation. In 1962, a small group of electrical contractors was harassed for trying to bid on public work in the Philadelphia area. Harassment wasn’t acceptable then and it’s not acceptable in 2012. ABC provides contractors the support and re-sources they need to protect their businesses, their employees and their customers from obstacles such as this.

It is an honor to lead this chapter of ABC as we celebrate our golden anniversary. We are a strong, active chapter with more than 500 members and offi ces in East Norriton and Allentown as well as a state-of-the-art training center in Kulpsville. Our members are proud to have constructed churches, hospitals, offi ces, roadways, entertainment centers, retail outlets, schools and much more which have enhanced the American way of life. This current economy is challenging our nation and more specifi cally our industry. However ABC members, as has been our standard, remain committed to quality, safety, value and training.

If you believe in our mission, I invite you to one of our upcoming networking or educational events to learn more about ABC and its benefi ts. Please contact Jeff Zeh at 610-279-6666 or visit abceastpa.org for more information.

UPCOMING EVENTS

Blueprint Reading

10 WEEK CLASS BEGINNING MARCH 7

430 W. Germantown Pike

East Norriton, PA 19403

Women in Construction: Presenting with Pizzazz

8 A.M. MARCH 9

430 W. Germantown Pike

East Norriton, PA 19403

Transitioning a Journeyman to a Crew Leader

7 A.M. MARCH 16

1500 Gehman Road

Harleysville, PA 19438

Networking Event

5 P.M. MARCH 21

Barnaby’s of America

15 S. High St.

West Chester, PA

50th Anniversary Gala

5 P.M., APRIL 18

Radisson Valley Forge

1160 First Avenue

King of Prussia , PA 19406

www.marejournal.com Mid Atlantic Real Estate Journal — Owners, Developers & Managers — February 24 - March 15, 2012 — 11

ASSOCIATED BUILDERS AND CONTRACTORS

Construction Management

Dalton Hall • Bryn Mawr CollegeBryn Mawr, PA

Architect: MGA Partners

Construction Manager and General Contractor

• Commercial

• Retail

• Educational

• Historical Clients

• Institutional

7909 Flourtown Avenue

Wyndmoor, PA 19038

Phone: (215) 836-1213

Fax: (215) 233-9457

www.delranbuilders.com

General Contracting

548 Steel Way, P.O. Box 7066Lancaster, PA 17604-7066(717) 299-2500 www.wohlsen.com

First Place Merit Award of Excellence forBensalem High School - Gymnasium Addition, Bensalem, PA,

I-95 Welcome Center, Lower Chichester Township, PA and West Reading Elementary School, West Reading, PA

Bensalem High School -Gymnasium Addition, Bensalem, PA

I-95 Welcome Center, Lower Chichester Township, PA

West Reading Elementary School, West Reading, PA

They’re standing on a concept called merit construction. This meansboth merit and union craftspeople work side-by-side.

Contractors are chosen on merit, those who offerthe best skills get the jobs. Being open to newideas like multi-skills work teams, newtechnology and advanced constructiontechniques, merit contractors are able to

construct high-quality buildings that are highly cost-efficient. Meritcontractors bring highly skilled jobs with competitive wages to ourcommunity. Today, 4 out of 5 people in construction are employedby merit contractors. If you are planning a construction project, findout more about merit contractors. We don’t just construct betterbuildings. We build a stronger economy and a better quality of lifefor this community.

7 out of 10constructionprojects arestanding onsomething

stronger thanconcrete or steel.

MERIT CONTRACTORS. BUILDING A BETTER LIFE.Ed CapodannoABC Delaware302-328-1111ecapodanno@abcdelaware.comwww.abcdelaware.com

Jeff ZehABC Eastern Pennsylvania [email protected]

Construction Industry Organization

A t t e n t i o n A B C M e m b e r s ! ! !

If you would like to submit articles or news to appearin the Mid Atlantic Real Estate Journal, please contact:

Linda Christman, Publisher800-584-1062 x 203 oremail Linda at [email protected]

12 — February 24 - March 15, 2012 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal www.marejournal.com

2012 OFFICERSNEW JERSEY CHAPTER NO.1

PRESIDENTLAWRENCE N. SAUER, CPMTAYLOR MANAGEMENT CO., AMO

VICE PRESIDENTMICHAEL FRIED, CPMBOSTON PROPERTIES

TREASURERJONATHAN HOFF, CPMPRISM PROPERTY SERVICES, LLC, AMO

SECRETARYMARK PHILLIPS, CPMPHILLIPS ASSET MANAGEMENT CO., INC.

DELAWARE VALLEY CHAPTER NO. 3

PRESIDENTMICHAEL J. CARR, CPMWELLS FARGO WEALTH MANAGEMENT

PRESIDENT-ELECTINGO S. KRAUS, CPMCITIZENS BANK

VICE PRESIDENTJERRY NEILL, CPMCB RICHARD ELLIS CO., AMO

VICE PRESIDENTANNE-MARIE NIKLAUS, CPMMADISON APARTMENT GROUP

VICE PRESIDENTJODY DIMPSEY, CPMJLD MANAGEMENT GROUP

VICE PRESIDENTSTEPHANIE BURG-BROWN, CPM BSA MANAGEMENT CORP., LLC

SECRETARY/TREASURERRICHARD SKOCZYLAS, CPMAIMCO

SOUTHERN NEW JERSEY CHAPTER NO. 101

PRESIDENTSANDRA E. CIPOLLONE, CPMINTERSTATE REALTY MANAGEMENT CO., AMO

VICE PRESIDENTPATRICIA BALDT, CPM CANDIDATEWESTGATE MANAGEMENT CO., INC.

VICE PRESIDENTMARIA AVERY, CPM CANDIDATEMANHATTAN MANAGEMENT CO.

SECRETARY/TREASURERDIANE WERSLER, CPM CANDIDATEINTERSTATE REALTY MANAGEMENT CO., AMO

WWW.IREM.ORG

Institute of Real Estate Management

CONNECT WITH IREM®

The only professional real estate management associationserving both the multi-family and commercial real estate sectors.

CERTIFIED PROPERTY MANAGER® (CPM®).Individual real estate and asset managers working with large portfoliosof all property types – residential, commercial, retail and industrial.

ACCREDITED RESIDENTIAL MANAGER® (ARM®).Managers of residential portfolios, including conventional apartments,federally assisted housing, public housing, condominiums, university housing, homeowners’ associations and manufactured home communities.

ACCREDITED COMMERCIAL MANAGER (ACoM).Commercial site managers of offi ce building, retail, industrial and other commercial properties with a minimum portfolio requirement of at least 20,000 s/f

ACCREDITED MANAGEMENT ORGANIZATION® (AMO®)Excellence among real estate management fi rms with a CPM member in the executive supervisory position.

For more information on IREM designation andaccreditation programs or to join a local chapter contact:

IREM New Jersey Chapter No. 1Serving Central & Northern New Jersey(856) 303-0190 or visit www.irem1.org.

IREM Delaware Valley Chapter No. 3Serving Pennsylvania & Delaware.

(856) 786-9260 or visit www.irem3.org

IREM Southern New Jersey Chapter No. 101Serving all Southern New Jersey

(856) 829-8939 or visit www.irem101.org

www.marejournal.com Mid Atlantic Real Estate Journal — Owners, Developers & Managers — February 24 - March 15, 2012 — 13



elran Builders is a Gen-eral Contractor/Con-struction Manager lo-

cated in Wyndmoor, PA who services the tri-state region for all construction needs.

Delran offers a full range of services from pre-project plan-ning, deign-build capabilities, value engineering, budget es-timating and much more.

Delran’s core values include safety, quality, integrity, team work and customer service. We pride ourselves on provid-ing each client with the end product they desire at or below

budget. This business strategy has proven productive as over 75% of our business comes from repeat customers. Once a client uses our services they generally continue to call on us for future work. Our management team takes a very active role in all projects so each customer gets to know who we are, what we stand for and how we can ben-efi t their needs.

Delran prides itself on be-ing able to provide any client with the service they need. We have our forty fi eld personnel, comprised of superintendents, carpenters and laborers. This workforce provides us with the fl exibility to hang a single door for someone or to build their $20 million dollar addition / new building.

Our fi eld personnel are all trained in OSHA safety and fi rst aid. Additionally, our work-force is conditioned to work in occupied spaces. We pride our-selves on being able to complete work in any area with little or no disruption to the daily op-erations of the facility in which this work is being completed. We pre-plan all scope items to ensure as little disruption as possible, and what disruption can not be avoided is carefully scheduled to accommodate the best time of completion for the owner. ■

General Contractor/Construction Manager

Delran Builders services the tri-state regionD

Delaware Maryland Pennsylvania

Delmarpa JanitorialServices, LLC

www.DelmarpaJanitorialServices.com302-943-8529

10% off the 3rd Month of Janitorial and Floor

Maintenance Contracts for a Year or more.

Arcadia University

BETHLEHEM, PA, — Larken Associates purchased four rental properties, totaling 430 apartment units from The Solomon Organization.

“The residential market has changed substantially in the last [three] years,” said Larken’s president and COO, David Gardner. ■

Larken Associates acquires apartment portfolio

LLENTOWN, PA — James Balliet, presi-dent of KW Com-

mercial-The James Bal-liet Commer-cial Group, represented t h e b u y e r Shree Mata 4365, LLC of Allentown, Pennsylva-nia in the transaction and Seth Pollack and Stephen Marzullo of CBRE repre-

SHOPPING CENTERS

YORK, PA — COLDWELL BANKER COMMERCIAL BENNETT WILLIAMS— has arranged the following sales and lease transactions:

Sales: Kingston Square shopping center (66,200 s/f; 7.24 acres) at 2504 Eastern Blvd. located York. Kings-ton Square Assoc. LLC pur-chased the shopping center from Kingston Fixed Income L.P. for $7.2 million. Chad Stine & Brad Rohrbaugh of Bennett Williams Realty, Inc. represented both the buyer and the seller in the transaction.

Free-standing Verizon Wireless NNN investment

Pollack & Marzullo of CBRE rep seller in 106,842 s/f grocery anchored center

Balliet of KW-The James Balliet Commercial Group reps buyer in $16,350,000 sale

A

Morris & Stewart arrange ten year non-recourse loan

Cronheim Mortgage Finances $4.2 m Macy’s Furniture Gallery in NJ

2504 Eastern Blvd.

Dorneyville Shopping Center

sented the seller Dorneyville Shopping Center, LLC of Morristown, New Jersey. The

contract sale p r i c e w a s $16,350,000. Dorneyville S h o p p i n g Center is a 106,842 s/f. grocery an-chored neigh-borhood cen-

ter located at 3227 Hamilton Boulevard. The property is adjacent to the famous 125

year old Dorney Park and Wildwater Kingdom amuse-ment park in South White-hall Township.

Dorneyville Shopping Cen-ter is anchored by Bottom Dollar Food with other nota-ble tenants including: Tappen Japanese Steakhouse, The Chicken Lounge Restaurant, Bounce U, Total Eye Care, Body Elite Fitness, Leading Edge Karate, Subway, Gour-met Buffet and Grill, a newly signed Pizza Hut restaurant and more. ■

www.marejournal.com Mid Atlantic Real Estate Journal — Shopping Centers — February 24 - March 15, 2012 — 15

(.6 acre; 3,200 s/f of retail space) at 5697 Shaffer Rd. located in Debois. Szene Realty LP purchased the property from WSR Hold-ings. Chad Stine and Brad Rohrbaugh of Bennett Wil-liams represented the seller in the transaction.

Leases: 1,600 s/f of retail space at Silver Spring Square at 6416 Carlisle Pike in Me-chanicsburg. 2705 Ventures, LLC d/b/a Sweet Frog leased the space for fi ve years from Silver Springs II, LP. Chad Stine and Brad Rohrbaugh of Bennett Williams repre-sented the landlord in the transaction. ■

Stine & Rohrbaugh rep buyer, seller

CBC Bennett Williams brokers $7.2m sale of SC

James Balliet Stephen Marzullo

MAPLE SHADE, NJ — Cron-heim Mortgage has arranged 10 year, non-recourse fi nancing for the subject, a 72,625 s/f re-tail store located at 493 Route 38 West, in Maple Shade. Dev Morris and Andrew Stewart arranged the ten year fixed rate fi nancing which amortizes over a 20 year schedule for the borrower, Heritage I Office Center, LLC . Maple Shade Square is lo-cated 3.7 miles east of Cherry Hill Mall and 1.4 miles west of Moorestown Mall. It is six miles east of Philadelphia. The subject is located approximate-ly one-half mile west of the intersection of Route 38 and

Macy’s Furniture Gallery

Route 73, a major retail and commercial corridor that runs north/south through southern New Jersey, and links directly

to Interstate 295 and the NJ Turnpike. The property was originally developed as a Hech-inger’s hardware store. ■

110 N. George Street, 4th floor York, PA 17401

ph: 717-843-5555 fax: 717-843-5550

www.bennettwilliams.com

SERVING CENTRAL PENNSYLVANIA FOR OVER 50 YEARS • Landlord Representation

• Tenant Representation

• Investment Sale & Acquisition

• Site Selection

• New Construction Leasing & Development

• Property & Portfolio Dispositions

• Property Management

SHOPPING CENTERS

16 — February 24 - March 15, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal www.marejournal.com

SHOPPING CENTERSGross of LMS Commercial reps seller

NAI Commercial Partners, Inc.closes $349,000 sale of retail spaceL

a section of the

Mid Atlantic Real Estate Journal

P.O. Box 26, Accord, MA 02018781-871-5298 • 800-584-1062

fax 781-871-5299MAREjournal.com

Section PublisherElaine Fanning

[email protected]

Section EditorRachel Rugman

[email protected]

Shopping CentersReal Estate Journal

Metropolitan Management Company, a division of Klein Enterprises, is pleased to be a member of the Dolben Company team, providing retail

leasing services for The Village at Odenton Station.

DELIVERING RETAIL & RESTAURANT SPACES JULY 2012 FROM 900 TO 9,000 SQUARE FEET

RESERVE A STOREFRONT TODAY!

FOR INFORMATION CONTACT:

Patricia Palumbo Director of Leasing & Marketing

(410) 902-0290 EMAIL:[email protected]

Metropolitan Management Company 11299 Owings Mills Boulevard, Suite 200

Owings Mills, Maryland 21117 www.BaltimoreShoppingCenters.com

Steve Clipman

Geotechnical Engineers & Geologists

EARTH

Corporate Headquarters: 610.277.0880

www.earthengineering.com

Environmental Site Assessments and Remediation

Construction Inspection & Testing

Subsurface Investigations

Stormwater Infiltration Testing

Retaining Wall Design

Laboratory Soils Testing

Clean Fill Testing

South Jersey: 856.768.1001 Central PA: 717.697.5701

Lehigh Valley: 610.967.4540

ENGINEERINGINCORPORATED

Carbonate Site Assessments

ANCASTER, PA — NAI Commercial Part-ners, Inc. of Lancaster

announces the sale of 13 ,000 s / f of commer-cial retai l space on .54 +/- acres lo-cated at 10 Eisenhower Boulevard (pictured right) in Lancaster, for a price of $349,000. Steve Clipman of NAI Commer-cial Partners Inc. and Blake

Gross of LMS Commercial Real Estate represented the seller Bernstein Family Irre-vocable Trust and the buyer PEC Group, LLC. ■

BALTIMORE, MD — Se-gall Group represented Val-stone Partners in complet-ing two new retail leases at the Queen Anne Belvedere mixed use development at 1200-1224 North Charles Street. Cricket Wireless, a leading cellular service pro-vider, leased 900 square feet. Cakewalk Gallery leased 2,100 square feet for an art gallery. Both will be great new additions to the project and to the Mount Vernon Neighborhood. An additional 1,350 square foot space re-mains available for lease. ■

Segall Group leases 3,000 s/f at Queen Anne Belvedere in Baltimore, Maryland

Queen Anne Belvedere

FeatureYour

Project~ Developments ~~ Construction ~~ Renovations ~

in theMid Atlantic

Real Estate Journal

10B — April 23 - May 13, 2010 — Project of the Month — Mid Atlantic Real Estate Journal

MAREjournal.comMAREjournal.com

Mid Atlantic Real Estate Journal — Project of the Month — April 23 - May

Offering enhanced hospitality services for the visitors of Philadelphia

ARC Properties Inc. announces the planning

of Franklin Place in Center City Philadelphia

D irectly across from the National Constitution Center and the Liberty

Bell at the base of the Ben Franklin Bridge in Philadel-phia’s Old City neighborhood stands Franklin Place. The Project is an adaptive re-use and redevelopment of 401 Race St. the former Pincus Broth-ers Maxwell Building. This mixed-use Project includes a 150 room hotel, 50,000 s/f of retail and restaurant space, 65 residential homes and a 200-space parking facility. Franklin Place has been care-fully designed with surround-ing structures in mind while simultaneously serving as a landmark entryway into the City of Philadelphia. Franklin Place comple-

ments nearby landmarks that Philadelphia is famous for such as the historic sites of Independence Mall, the National Constitution Center, and the neighborhood of Old City. The mixed-use Project will strengthen tourism in the area by offering enhanced hospitality services to visitors of Philadelphia, including hotel rooms, restaurants, en-tertainment venues, and much needed parking. Franklin Place’s premium location and fi ve-star amenities also serve Philadelphia’s many business travelers.The Franklin Place rede-

velopment centers on the well-known Pincus Brothers

Maxwell Building and the adjacent land comprising the entire north block of 400 Race St. The higher levels of Frank-lin Place offer breathtaking views – ranging from the Lib-erty Bell to the Philadelphia City Skyline to the Delaware River. The Project is anchored by a 150 all-suite Hotel built on top of the existing 3-story steel structure on the 5th Street side. The existing building will house 36,000 s/f of retail on the fi rst fl oor. The second and third fl oors include a combination of

parking spaces and approxi-mately 60,000 s/f of offi ce or live/work space. The existing building is

comprised of two main com-ponents. The 5th street side is constructed of concrete, and sits adjacent to the steel build-ing on 4th Street. The existing 3-story steel building once contained an additional 9-story candy factory before its con-version to the 3-story Pincus Brothers Maxwell Building. The redevelopment plan calls for the Hotel to be built on top

of the steel building on the 5th

street side where the candy tower once stood. The Hotel has the structural capacity for vertical development, which will be further separated by a transition level. The inclusion of a carefully

designed transition fl oor yields several design and develop-ment options. The transition fl oor’s design does not require column lines of the new vertical component to align with those of the existing facility. This feature allows for additional rooftop views overlooking the City as well as staggered or cantilevered structural design alternatives. The steel building will house ground fl oor retail with parking and residential homes on the 2nd and 3rd fl oors

SHOPPING CENTERS PROJECT OF THE MONTH

and additional parking and storage on the basement level. The Project will embody the spirit of sustainable design using modern methods for

its design, construction, and operation.A new residential tower

featuring approximately 55 one-and two-bedroom homes will be built on the 4th Street side in Phase II of the Proj-ect. The residential tower will share several of the key amenities with the rest of the Project including, several roof top gardens around an in ground pool, green roofs, fi re pits, running/walking tracks and a roof top restaurant and catering facility overlooking the dynamic views of the City of Philadelphia.ARC Properties, Inc. was

formed 25 years ago by Robert J. Ambrosi and Marc Perel and has been responsible for the acquisition and development of more than 200 properties with an aggregate value in excess of $2 billion. ■

PROJECT AND LEASING MANAGER

DESIGN ARCHITECT

GENERAL CONTRACTOR

ARCHITECTS OF RECORD

SITE AND CIVIL ENGINEER

PROJECT TEAMOwner/Developer: ........................................................ARC Properties

General Contractor: ................................................... Dale Corporation

Site & Civil Engineer: ...........................................Bohler Engineering

Structural Engineer: ....................................... O’Donnell & Naccarato

Design Architect: .......................................................... DAS Architects

Architect of Record: ............................................... JKR Partners, LLC

Project Manager: ....................................................... FC Development

Leasing Manager: ..................................................... FC Development

Leasing Consultant .......................................................... Andi Pesacov

Civil EngineeringLandscape ArchitectureProject ManagementEnvironmental Consulting

SurveyingB o h l e r E n g i n e e r i n g . c o m

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TURNING VISION INTO VALUEACQUISITION RENOVATION DEVELOPMENT

ALABAMAMidway Plaza - Opelika 206,000

CONNECTICUTMeriden Parkade - Meriden 226,000

MAINEAirport Mall - Bangor 232,500Capitol Shopping Center - Augusta 200,000JFK Plaza - Waterville 174,000Shaw's Plaza - North Windham 124,000Shaw's Plaza - Waterville 119,000Wells Plaza - Wells 133,000

MASSACHUSETTS Cushing Plaza - Cohasset 71,000 Danvers Crossing - Danvers 176,000Foxborough Plaza - Foxborough 121,000

Hannaford Bros. - Waltham 46,000Middleborough Crossing - 132,000Middleborough

Shaw's Plaza - Easton 103,000Shaw's Plaza - Hanover 57,000Shaw's Plaza - Plymouth 178,000Springfield Plaza - Springfield 512,000

NEW HAMPSHIRE Hood Commons - Derry 210,000Hooksett Village Shops - Hooksett 257,000

NEW YORKColonie Plaza - Albany 168,000Columbia Plaza - Rensselaer 136,000Irondequoit Plaza - Rochester 216,000Lake Shore Plaza - 95,000Lake Ronkonkoma

Malone Plaza - Malone 178,000Saranac Lake Plaza - Saranac Lake 68,000St. Lawrence Plaza - Massena 166,000Troy Plaza - Troy 130,000Walden Village - Cheektowaga 209,500

OHIO Boardman Plaza - Youngstown 625,000Fairlawn Town Centre - Fairlawn 447,000Knox Village Square - 207,500 Mount Vernon

PENNSYLVANIABerkshire Square - Wyomissing 323,000

Carlisle Crossing - Carlisle, PA 368,000 Columbia Mall - Bloomsburg 352,000Dauphin Plaza - Harrisburg 216,000Devon Village - Devon 90,000East End Centre - Wilkes-Barre 306,000Festival at Exton - Exton 152,000Franklin Center - Chambersburg 175,000Mayfair Shopping Center - 115,500Philadelphia

Plaza 15 - Lewisburg 117,000Shamokin Plaza - Shamokin 98,500Valmont Plaza - Hazleton 200,000West Side Mall - Edwardsville 423,000

RHODE ISLANDDiamond Hill Plaza - Woonsocket 387,000Marketplace Center - Warwick 194,000

VIRGINIAChesterfield Marketplace - Richmond 428,500

SF

New Acquisition!

AcquisitionsJoseph R. Staugaard, III, [email protected]

LeasingCharter Realty & Development Corp.203-227-2922chartweb.com

Corporate Headquarters940 Haverford RoadBryn Mawr, PA 19010610-552-6000wprealty.com


SHOPPING CENTERS

We’re looking for sites in PA

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Locations Wanted Consistently Ranked #1 Franchise -

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The Power of TeamOwner RepresentationSite SelectionInvestment AnalysisMarket Research

ERB represents the landlord, Spring Ridge LP

Rose Urban of Equity Retail Brokers leases 6,800 s/f restaurant

YOMISSING, PA — Just leased by Rose Urban of Eq-

uity Retail Brokers, Seafood Shanty, LLC leased a 6,800 s/f building on a pad site at Broadcasting Square, locat-ed at 2713 North Meridian Boulevard in Wyomissing, Berks County, PA. The site was formerly occupied by Mason’s Restaurant. Equity Retail Brokers represented the landlord, Spring Ridge LP, in this transaction. The restaurant opened on Febru-ary 7.

Originally based in Bucks County, Seafood Shanty had outposts all along the East Coast and was famous for

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their New England clam chowder, bouillabaisse, and a

Seafood Shanty logo

GAINESVILLE, VA — Calkain Companies, has procured the sale of a two tenant building occupied by 7-11 and a local veterinary practice in Gainesville, VA.

Jeff Bogart of Calkain Companies represented the seller in the transaction. “We have seen an increase in buyer interest for invest-ment assets over the past nine months, both from out-of-state and in-state inves-tors, because of accessible credit and low inventories,” Bogart stated. “Since Janu-ary 2010, credit income prop-erties have become increas-ingly harder to fi nd in the DC-MSA, thus, compressing cap rates as much as 175 basis points over the last two years. This particular asset was a two tenant NN lease building located in the Heritage Hunt Retail devel-opment in Gainesville, VA” Bogart added.

The buyer was a local in-vestor and the seller was Buchanan Partners. ■

Calkain procures buyer for 7-11

WASHINGTON, DC — Doug-las Development is pleased to welcome Sixth Engine, a firehouse inspired American bistro, as the newest addition to Washington, DC’s Mount Vernon Square neighborhood. The restaurant opened its doors Friday in the Douglas Develop-ment-owned historic Engine 6 fi rehouse at 438 Massachusetts Ave, NW. Sixth Engine leased the 3,600 s/f property from Douglas Development in March 2011. ■

Douglas Dev. leases a 3,600 s/f bistro

seriously delicious Key Lime pie. ■

www.marejournal.com Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24, 2012 - March 15, 2012 — 19

SHOPPING CENTERS SPOTLIGHT

TOP RETAIL DEALS “2011”

CBC Bennett Williams ......................................................................................................................................................................................20

Katz Properties ..................................................................................................................................................................................................24

Kay Realty ...........................................................................................................................................................................................................22

KW Commercial - The James Balliet Commercial Group ........................................................................................................................ 22,25

Marcus & Millichap - Taylor Zang .................................................................................................................................................................21

Metro Commercial .............................................................................................................................................................................................23

Remco Realty ......................................................................................................................................................................................................25

RD Management ................................................................................................................................................................................................ 26-27

Silbert Realty & Management ........................................................................................................................................................................ 28

Taylor Long Properties ....................................................................................................................................................................................20

Top Retail Deals of “2011” Headlines ............................................................................................................................................................22-23

WP Realty, Inc. Metro Commercial Real Estate, Inc.

BRIEF OVERVIEW OF 2011: With improved tenant

fundamentals, and increases in both capital accessibility &

leasing volume, the U.S. Commercial Real Estate market

saw signs of improvement in 2011, with sales totaling $291B,

a 32% increase from 2010. Many investors fi nished 2011

seeking quality assets in traditionally strong MSAs. We are

a prime example of this, with our $86.5mm acquisition of the New England

Shaw’s Supermarket portfolio. This 8 property portfolio offered an enticing

mix of strong market fundamentals and value-add components.

SHORT STATEMENT ON 2012 OUTLOOK: In the Northeast and

Mid-Atlantic regions, we anticipate that investors will continue to fl ock to

high-quality assets, further fueling cap rate compression for core assets.

While values for these core assets may be trending upward, we go into 2012

with a cautious optimism, fully aware that several global economic issues,

including the Sovereign debt crisis in Europe and worldwide unemploy-

ment, will continue to affect the speed of recovery in the US. ■

BRIEF OVERVIEW OF 2011: We saw retailers beginning

to return to executing their expansion plans, after the previ-

ous years were mostly spent by them focused on straighten-

ing out internal issues. In our representation of 65+ national

and regional retailers, we witnessed a more vibrant expansion,

especially into established, mature trade areas. Through our National Ac-

counts division, we also saw other markets begin to thaw. There continued

to be very scarce new-construction projects, as most transactions were

completed in existing or heavily re-imagined properties.

SHORT STATEMENT ON 2012 OUTLOOK: So far, the year is off

to a strong start, catapulting off what we began in 2011 and even prior.

More and more vacancies are being absorbed by expanding retailers, and

developers are even beginning to consider new construction again, if market

rents can support it. ■

Bryan Weingarten

Steve Gartner

WP REALTY, INC

940 Haverford Road, Bryn Mawr, PA 19010

TOTAL SALES OR ACQUISITIONS: $119.5mm

TOTAL SQUARE FOOTAGE LEASED OR SOLD:

1,020,173 s/f

METRO COMMERCIAL REAL ESTATE, INC.

161 Washington Street, Suite 375, Conshohocken, PA 19428

TOTAL SALES OR ACQUISITIONS: 304


4,394,654 s/f

Featuring:

TOP RETAIL DEALS “2011”20 — February 24 - March 15, 2012 — Top Retail Deals 2011 — Mid Atlantic Real Estate Journal www.marejournal.com

Silver Spring Square Newberry PointeOld Trail RoadNewberrytown, PA 17319

1,500-6,500 SF FOR LEASE

Mechanicsburg, PA 17050

1,600-3,200 SF FOR LEASE

Carlisle Pike & Lambs Gap Road

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TAYLOR LONG PROPERTIESCBC BENNETT WILLIAMS

CBC Bennett Williams Taylor Long Properties

BRIEF OVERVIEW OF 2011: While 2011 was still a

slower market than past years, due to the economy, we started

to see change towards the end of the year that indicates an

upward turn around in 2012. Phones were ringing and deals

were being signed, a welcomed change from the harsh eco-

nomic climate of the past few years. We saw expanded franchise growth

and an increased interest from investors to invest in new business oppor-

tunities. We also saw a growing interest on the part of shopping center

owners to buy and sell properties and to expand their real estate holdings

portfolio. Overall, 2011 showed promising signs for 2012.

SHORT STATEMENT ON 2012 OUTLOOK: If the activity at the end

of 2011 is any indication, the commercial real estate market will likely

rebound and 2012 will see prosperous growth. ■

BRIEF OVERVIEW OF 2011: 2011 was an extremely

successful year for Taylor Long Properties, with a 40% in-

crease in leased and sold square footage, which represents

31% more transactions than 2010. Our success, based on

our expertise and professionalism, has allowed us to sign

21 new listing agreements since the beginning of 2011, which represents

more than 3 million square feet of gross leasable area. Our team is highly

focused on our clients’ needs and objectives, which explains the confi dence

that Landlords and Tenants place in us Properties.

SHORT STATEMENT ON 2012 OUTLOOK: We think that 2012 will be

another record-breaking year for Taylor Long Properties. Sales and leasing

activity continue to grow steadily with both Landlords and Tenants having

optimistic attitudes about the retail business. ■

Brad Rohrbaugh

Chad Stine Ellen Long

CBC BENNETT WILLIAMS REALTY INC.

110 North George St., York PA 17401

TOTAL SALES OR ACQUISITIONS: $137,500,000


1,635,536 s/f

TAYLOR LONG PROPERTIES4701 Cox Road, Suite 108, Glen Allen, VA 23060TOTAL SALES OR ACQUISITIONS:$32,652,492 — 55 (53 leases & 2 sales)TOTAL SQUARE FOOTAGE LEASED OR SOLD:264,085 s/f

TOP RETAIL DEALS “2011”www.marejournal.com Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24 - March 15, 2012 — 21

MARCUS & MILLICHAP

Marcus & Millichap

Overview of 2011: 2011 was a year that saw accelerated velocity in both single tenant net lease sales and in shopping center sales. Demand for single tenant properties reached prerecession levels as supply was constrained by a decreasing expansion by many retailers, led by the two top drug store chains, Walgreens and CVS/pharmacy. Demand was not only driven by the 1031 exchange market, but by investors fl eeing non-real estate fi xed debt instruments like bonds for the higher returns of the real estate world.

Cap rates fell over the course of the year by 50-75 basis points due not only to demand, but the plentiful availability of debt at historically low interest rates. In addition, equity that had been on the sidelines during the recession came into the market looking for deals and returns rather continue to sit in accounts earning one to two percent. By the end of the year, cap rates on investment grade drug stores like CVS and Walgreens had dropped to a range of 6.25 to 6.75 percent. Investment grade bank pad properties with rent bumps during the base lease term in some cases were below 6.00 percent, as were corporate fast food properties. Convenience stores, when available, also commanded very good cap rates.

2012 Outlook: This trend has continued into the early stages of 2012 as demand heated up about two weeks into the new year after a brief holiday lull. It is an excellent time for owners of single tenant net lease properties to sell if that is a strategy that is timely for them. Of course, fi nancing, being plentiful and cheap, is an alternative as non-recourse debt is again available for good properties with credit, after being very diffi cult to obtain over the last three years.

Of course, market size and geography are still important to investors. The Northeast Corridor from Washington, D.C. to Boston is again the preferred territory for many investors, especially institutional ones. Cap rates there tend to be in the lower end of the range quoted above. Sunbelt locations favored earlier in the decade no longer command the level of interest they once did. That said, the Raleigh-Durham, Charleston, SC, and South Florida areas are still attractive to many investors. As always, California also commands among the lowest cap rates in the country.

With the Federal Reserve keeping rates down and continued low returns in other investment vehicles, the Taylor-Zang-Munley Group at Marcus & Millichap predicts 2012 will be another strong year in the single tenant net lease market. As we are in the market daily, we know where cap rates are on an almost weekly basis.

The multi-tenant shopping center market has also seen an increase in velocity, for some of the same reasons as single tenant, but for other factors. Demand has increased. We have worked through the decrease in demand for retail space and the loss of retailers such as Circuit City, Linens N Things, and Borders. Vacancy rates in the Northeast have begun to decrease and rents are stabilizing. Grocery anchored centers are most in demand as institutional investors seek the safety of “necessity retail.” This somewhat herd like mentality is allowing some private high net worth equity groups to fi nd deals that institutions skip over, such as well located non-anchored retail strips, centers in secondary and tertiary markets at higher cap rates, and even power centers that are the trophy asset within a smaller market.

In addition to these factors is the fact that more lender owned or controlled products are coming to market as pretend and extend properties are no longer being extended, and some have leased up to a degree since lender takeover of them, making them more viable in the market. In addition, we are seeing more centers come on the market from private owners who are selling with debt in place to assume on properties where 10 year debt was placed from 2003 to 2005, coming due in the next few years. These transactions typically take longer due to the assumption component. With new construction still virtually nonexistent, and demand strong, more deals with a debt in place will come on the market in 2012 and buyers will simply have to deal with the debt if they want to buy.

The Taylor-Zang-Munley Group at Marcus & Millichap sees 2012 as a year of increasing velocity in the multi-tenant sector. However, cap rates will be more stable and compress less than in the single tenant market due to debt assumption issues, market size and geography, and the quality of the anchor tenants. Only trophy like grocery anchored centers in major markets will see a decrease in cap rates. ■

Mark Taylor Dean Zang

Taylor-Zang-Munley Group of Marcus & Millichap[Mark Taylor, Dean Zang, Christopher Munley, Derrick Dougherty and Peter Snell]101 E. Elm Street, Suite 600 • Coshohocken, PA 19428TOTAL SALES: $270,763,613 — 58 TransactionsTOTAL SQUARE FOOTAGE LEASED, SOLD OR ACQUIRED: 2,000,000 s/f +/- Christopher Munley Derrick Dougherty Peter Snell

22 — February 24 - March 15, 2012 — Top Retail Deals 2011 — Mid Atlantic Real Estate Journal www.marejournal.com

TOP RETAIL DEALS “2011”Featured 2011 Top Retail HeadlinesJanuary 28, 2011Marcus & Millichap sells $31.5 million, 445,907 s/f SC. Brad Nathanson of the NRPhiladelphia and Kerber of NIOPG in Detroit negotiated the transactionMarcus & Millichap Taylor & Zang arrange three sales totaling $9.4 million, in additionMunley assists in$2.727+M sale of Bank of America brand offi ce to ARC Properties Marcus & Millichap’s Philadelphia offi ce sells two buildings totaling $3 million. MatthewGorman, Tom Gorman and Michael Shover represented the sellers WP Realty acquires 115,411 s/f Mayfair Shopping Center in Philadelphia

February 25, 2011Cushman & Wakefi eld’s Metropolitan Area Capital Markets Group arrange $48M saleThe Goldstein Group brokers $2.775M sale of Entenmann’s Facility in Edison, NJ Taylor Long Properties signs 50,029 s/f lease in VAEquity Retail Brokers, Heckmann represents Pathmark/A&P in 32,000 s/f lease

March 25, 2011 Cronheim Mortgage’s Stewart & Westhoff arrange $9 million acquisition fi nancing Marcus & Millichap Dougherty, Taylor & Zang rep seller in $2.83M SC sale R.J. Brunelli & Company completes 69,400 s/f in series of leases, with the largest of thedeals represented by Bill Lenaz for 40,000 s/F Whole Foods Market lease. DanielleBrunelli-Albrecht reps 18,200 s/f and Ron Deluca reps 11,200 s/f

April 22, 2011Cronheim arranges $18.9M fi nancing for retail center at Mansfi eld CommonsMarcus & Millichap Horvath, Tremblay & Lambardi sell $10.25M Stop & ShopNathanson of Marcus & Millichap sells 14,485 s/f building totaling $6.835 million. KW Commercial-The James Balliet Comm’l Group brokers $2.36M Shopping CenterWelco Realty signs 30,000 s/f retail lease in Paramus, NJ

May 27, 2011Thurston of Marcus & Millichap sells retail building in Paramus, NJ for $7.95 Million Marcus & Millichap’s Nathanson sells $2.44M buildingWP Realty announces Shaw’s portfolio acquisition totaling 659,143 s/fEquity Retail Brokers 1.5 Acres lease & 24,000 s/f lease

June 24, 2011Colliers brokers $9 million retail sale. William Aiello & George Lulos reps both parties Marcus & Millichap’s Taylor, Zang & Snell broker $4.6m sale of Ayden Crossing Welco Realty reps Prestige Properties & Dev. in 28,000 s/f store opening in Bay Plaza

Steve Gartner Mark Taylor Christopher Munley Dean Zang Peter Snell

Conrad Heckmann William Aiello George Lulos James Balliet Andrew Stewart

From the design phase to job close out, All-Rite delivers the highest quality workmanship in professional

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KW Commercial | 40 S. Cedar Crest Blvd.| Allentown, PA 18104

610-435-4711 www.lehighvalleycommercial.com

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Erik Gainor

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Ida McMurray, CCIM

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Central PA’s Leading Commercial Industrial Real Estate Firm*

Our Agents:

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Nik Sgagias

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Robin Zellers, SIOR, COO

www.marejournal.com Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24 - March 15, 2012 — 23

July 29, 2011O’Neill Properties Group announced that Bass Pro Shops signed 200,000 s/f leaseCronheim Mortgage’s Westoff, Morris & Stewart arrange $19.3M fi nancing

August 26, 2011 Molloy & Nathanson of Marcus & Millichap brokers $12.8 sale of Sunset LakeCommonsMMCC’s Conley, arranges $7 million in refi nancing for Philadelphia SCMarcus & Millichap NJ offi ce completes $4.065m in sales of 2 retail centersCBC/Bennett Williams arranges $575,000 in sales Taylor Long Properties handles $305,000 Sale

September 23, 2011 Katz Properties acquires control of Shopping Center in Shillington, PA for $16.15mGrant Street Associates’ Geiger and Sell broker $1.225 million sale Metro Commercial inks 98,450 s/f in PA and NJ CBC/Bennett Williams brokers 35,528 s/f of leases in PA

October 22, 2011 High Real Estate Group’s $40-million Mill Creek Square opens in Lancaster PA Metro Comm’l Hope and Dougherty broker 33,000 s/f Ashley Furniture leaseThe Hampshire Companies ink 20,000 s/f lease at Church Square SC in MD

November 25, 2011Phillips Edison-ARC Shopping Center REIT Inc. acquires SC for $16.6MMarcus & Millichap arrange $15.9m sale of BJ’S Wholesale Club. Gorman, Gorman, Shover, Taylor & Zang orchestrate deal Triangle Equities Dev. Corp recapitalizes $5.5M loan. Goldman negotiates dealLegend Properties Inc. brokers 43,328 s/f deal. Aristone & Campbell rep landlord

December 23, 2011Zerfass of Colliers International secures buyer in $565,000 sale of 9,100 s/f buildingSVN-Miller Comm’l RE brokers $280,000 pad site. Gillis & Miller rep both parties Conston of Equity Retail Brokers 333,400 s/f sale of two former dept. store leasesFameco leases 5,005 s/f at The Streets of Chester. Heller of Welco Realty reps Platypus

Featured 2011 Top Retail HeadlinesTOP RETAIL DEALS “2011”

Jerry Welkis Robert Geiger Mike Sell Joesph Dougherty Randy Hope

Matt Gorman Michael Shover Derek Zerfass Brad Gillis Stuart Conston

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PHILADELPHIA METRO OFFICE:8614 Montgomery Avenue

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• Property Management

TOP RETAIL DEALS “2011”24 — February 24 - March 15, 2012 — Top Retail Deals 2011 — Mid Atlantic Real Estate Journal www.marejournal.com

TOP RETAIL DEALS “2011”www.marejournal.com Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24 - March 15, 2012 — 25

REMCO REALTY

Remco Realty

BRIEF OVERVIEW OF 2011: 2011 We are pleased to

announce that 2011 was a banner year for us. In addition to

Remco obtaining its Pennsylvania Brokers license in 2011, it

was a year that provided us with the most listings obtained,

the highest volume of completed transactions, along with the

highest dollar volume of gross commissions received since

our April 2008 inception. A sample of those completed trans-

actions include the leasing of 3,700 s/f to Enterprise Car Rental in Lodi,

the leasing of 4,000 s/f to Sherwin Williams in East Hanover, the leasing

of 6,300 s/f to Strauss Auto in Toms River, and the leasing of 6,500 s/f to

Napa Auto Parts in Bridgewater.

SHORT STATEMENT ON 2012 OUTLOOK: With both consumer and

investor confi dence on the rise, we enter 2012 on a very positive note. In

mid-December, Remco was awarded the marketing assignment to sell or

lease a 7,000 s/f free-standing building in Middlesex, formerly occupied

by Block Buster video, and within 30 days, Remco also secured the “all

cash” buyer. Although this is an election year, we remain very optimistic

regarding the overall economy, and the continued demand for retail real

estate, and as such, we just doubled the size of our offi ces. Remco is in an

expansion mode, and we are actively seeking full time sales associates who

are licensed in New Jersey and Pennsylvania. ■

REMCO REALTY525 Milltown Road, Suite 101North Brunswick, New Jersey 08092

Peter Gallicchio

KW COMMERCIAL

KW Commercial- The James Balliet Commercial Group

BRIEF OVERVIEW OF 2011: The Lehigh Valley retail/

offi ce real estate markets held up well versus the national

averages. Leasing activity was strong and the sale of prop-

erty picked up signifi cantly from 2010 totals. Rental rates

will increase incrementally while vacancy rates decrease and consumer

confi dence and product demand continues to increase.

SHORT STATEMENT ON 2012 OUTLOOK: New construction and

proposed developments will begin to increase in late 2012 into 2013. With

that said we also expect current property owners will begin focusing on

renovation and improvements of existing shopping centers and spaces to

compete against the newer projects. ■

James Balliet

KW Commercial- The James Balliet Commercial Group40 S. Cedar Crest Blvd. Allentown, PA 18104TOTAL SALES OR ACQUISITIONS: 64

SHINE THE SPOTLIGHT ON YOUR COMPANY

For details on how to submit your Expert Bylined Article Contact Elaine Fanning to reserve your space

800.584.1062. x212 or [email protected]

5th Annual Retail Experts

March 30, 2012

Interested in joining the many Retail Experts who are already participating?

Cheesequake Commons is a 35,000sf CVS anchored neighborhood strip center. We currently have 2 vacancies ranging from 1,500 sf to 2,500 sf. Ciro Pizza Café recently leased a 4,755sf end cap, and will open in April 2011. The strip center is located ¼ mile from the Matawan Train Station, exit #120 of the Garden State Pkwy. Seeking Chicken, Burgers, optical, dental, medical, travel, electronics and gift categories.

REMCO REALTY GROUP, LLC525 Milltown Road, Suite 101

North Brunswick, NJ 08902(732) 253-0888 x 11

www.RemcoRealty.net

Contact: Peter Gallicchio • [email protected]

For Lease: OLD BRIDGE, NJ Sale / Lease: HAZLET, NJFree standing 15,000sf retail building on 2.57 acres, up to 100 car parking, with large Two Panel Pylon sign. The building is clear span and column free. Serving: Hazlet, Keyport, Aberdeen and Holmdel. Ideal uses: Home Improvement, Fitness, Appliances, Day Care, Electronics, Party & Rentals, Golf, Liquor Store, Pools & Patio, Marine, Produce Market, Pet Supplies


18+ million square feet

Management LLCRD Thomas G. MirandiEmail: [email protected]: 212-459-9133

212-265-6600 Ext. 239

ARIZONAMesaKohl’s

McKellips Road & Recker Road95,279 SF GLA

Part of Falcon View Plaza w/ Fry’s

PhoenixFreestanding Barnes & Noble

1035 N. Metro Pkwy. West & 28th Dr.Adjacent to Metro Center Mall

19,360 SF on 1.48 Acres

TollesonFreestanding Kmart

West McDowell Road & North 86th Drive86,479 SF GLA

FLORIDAGainsville

Mixed Use – Grocery Store & Student HousingNW 13th St & University Avenue

1.74 AcresOver 27,500 SF Ground Floor Retail in

Proposed 171,000 SF 6-Story Residential Bldg

Fern ParkLowe’s Shopping Center

6735 Hwy. 17-92 & Fernwood Blvd. near Hwy. 436129,085 SF GLA

Proposed Retail Strip: 9,000 SF

ILLINOISDowners Grove

Marshall’s at The Grove75th St. & Lemont Rd.

400,000 SF GLAAnchor Space Available 43,264 SF

NilesGolf Glen Mart (Outparcel)

Golf Rd. & Dee Rd.Up to 12,000 SF Outlot, B-T-S

INDIANAEvansville

Evansville Shopping CenterMorgan Ave. & Boeke Rd.Rural King, Dollar General

153,000 SF GLA

IndianapolisPendleton Plaza

Pendleton Pike & Shadeland Ave.Kmart

134,797 SF GLA

South BendSouth Bend Shopping Center

US Hwy. 20 & US Hwy. 31112,900 SF GLA

Anchor Space Available

MICHIGANGrand BlancVacant Land

Holly Rd. & I-7522 Acres For Sale

MuskegonMuskegon Shopping Center

Henry St. & Norton Ave.187,000 SF GLA


Port HuronPort Huron Shopping Center

Howard St. & 24th St.Big Lots, Save-A-Lot, Family Dollar

118,000 SF GLAAnchor Space & Outlot Available

RedfordRedford Plaza

Plymouth Rd. & Inkster Rd.CVS/114,865 SF GLA


SaginawSaginaw Square

Tittabawasse Rd. & Bay Rd.Target, JoAnn Etc., Staples

94,891 SF GLAAnchor Space Available

SanduskyKmart Shopping Center

M-19 & Gates Rd.176,248 SF GLA


SouthgateFort St. & Burns Ave.

60,800 SF GLAFreestanding / Redevelopment Opportunity

MINNESOTASt. Paul

Midway Shopping CenterUniversity Ave. & Snelling Ave.

Rainbow Foods, Office Max, Walgreens280,353 SF GLA

Anchor Space Available 40,262 SF

NEVADALas VegasKmart Plaza

E. Sahara Ave. & McLeod Dr.127,754 SF GLA

10,945 SF Outbldg. Available

NEW JERSEYMarlton (Evesham)

Tri-Towne Plaza Route 70 & Plymouth Dr.

Superfresh/176,519 SF GLAAnchor Space Available/Redevelopment Opportunity


www.marejournal.com Mid Atlantic Real Estate Journal — Top Retail Deals 2011 — February 24 - March 15, 2012 — 27

200+ retail projects

Management LLCRD Thomas G. MirandiEmail: [email protected]: 212-459-9133

212-265-6600 Ext. 239

NEW YORKNanuet

Home Depot PlazaRoute 59 & Hutton Ave.Home Depot, Staples

250,000 SF GLA/Pad Available

OrangetownOrangeburg Commons

Route 303 & Palisades ParkwayFuture Retail Development

Anchor Space, In-Line Space & Pads AvailableAdjacent to Lowe’s

Staten IslandLowe’s West Shore Center

Veterans Rd. West (I-440) & Arthur Kill Rd.Pad Building Available

7,000 SF New Retail Bldg. Available166,600 SF GLA

Stony PointStony Ridge Plaza

Route 9W & Park Rd.US Post Office, Curves For Women

21,212 SF GLA

Williamsburg (Brooklyn)North Side Piers Retail

20 North 5th St. & Kent Ave.Tower I: 181 Condos, 113 Apts. & 17,167 SF RetailTower II: 250 Condos & 5,178 SF Specialty Rest.

OHIOAshtabula

Home Depot PlazaRoute 20 (N. Ridge Rd.) & Orchard Rd.

130,000 SF GLA18,440 SF Expansion & Pad

FindlayHobby Lobby Plaza

Tiffin Ave. & Croy Dr.Hobby Lobby


Oregon (Toledo)Vacant Land – 4.645 Acres

Dustin Rd. & Isaac Street Dr.1 block south of Navarre Ave. (Rte. 2) & Kmart

116,805 SF GLA

OREGONSalem

Kmart Shopping CenterMission Street S. E.

116,866 SF GLA

PENNSYLVANIAAllentown

Home Depot PlazaLehigh St. & Route 78

220,000 SF GLA9.82 Acres Available

CarlisleHanover Street (Route 34) & I-81

Home Depot, Chili’s140,715 SF GLA

10,584 SF Future Expansion/Pad

TrexlertownTrexlertown Marketplace

Hamilton Blvd. (Route 222) & Mill Creek Rd.Walgreens, Panera Bread, Verizon

36,068 SF GLA

TENNESSEEHermitage (Nashville)

Freestanding Bldg. adjacent toJackson’s Courtyard Shopping Center

3445 Lebanon Pike 24,040 sf GLA

36,000 sf GLA Possible Redevelopment

TexasFt. Worth

Westcliff Shopping CenterAlbertson’s Market, Dollar General

Alton Rd. & Biddison St.133,332 sf GLA

VIRGINIARichmond

Food Lion PlazaRoute 1 (Jefferson Davis Hwy.) &

Chippenham Pkwy.Outlots Available

WEST VIRGINIASt. Albans

St. Albans CenterRoute 60 & MacCorkle Ave. SW

Kmart, Super Kroger, Peebles, CVS230,000 SF GLA

PUERTO RICOArecibo

Arecibo Towne CenterRoutes 2 & 22

Future DevelopmentAnchor Position & Outlots Available

PonceReina del Sur; Outlots atPonce Towne Center II

Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52Wal-Mart SuperCenter, Home Depot

New Development & Pads525,000 ± SF GLA

NEW JERSEYMt. Olive

Pad Sites AvailableAdjacent to Foreign Trade Zone

Across from Wal-Mart, Sam’s, TJ Maxx

Old BridgeA & P Shopping Center

Route 9 & Ferry Rd.64,920 SF GLA

Up to 4,000 SF Outlot

VinelandVineland Marketplace

Delsea Dr. (Route 47) & College Dr.New Development

273,657 ± SF GLA / Outlots Available

WilliamstownWilliamstown Shopping Center

Black Horse Pike (Route 42) & Main St.CVS, Fashion Bug, Dollar General

85,000 SF GLAAnchor Space Available

NEW YORKDeer Park

Kohl’s PlazaCommack Rd. & Grand Blvd.Kohl’s, Super Stop & Shop

182,875 SF GLAProposed Pad 3,800 SF

Glenville/Scotia (Albany)Freestanding Building

Saratoga Rd. (Route 50) & Glenridge Rd.128,485 SF GLA


HoltsvilleIsland 16 Cinemas Shopping CenterNicholls Rd. & Long Island Expwy.

National Amusements Theater, Chili’s117,342 SF GLA

Pad Bldg. Available with Drive-thru

Latham/Colonie (Albany)Kmart Shopping CenterRoute 7 & Swatling Rd.

118,863 SF GLAUp to 10,000 SF Outlot Available

Monroe/WoodburyHarriman Commons

Routes 17 / 6 & Route 32Wal-Mart, Home Depot, BJ’s,

Target, Home Goods, Best Buy687,716SF GLA

Anchor Space & Outlots AvailableFuture Phase III Office Bldg.




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Azarian Realty Co.The Azarian Building • 6 Prospect St.Suite 1B • Midland Park, NJ 07432 F: 201-444-9888 F: [email protected] M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

Coldwell Banker CommercialBennett Williams Inc.110 N. George Street • 4th Floor York, PA 17401P: 717-843-5555 F: [email protected] Behler Jr. • Bobby Traynham Dennis Neiman • Chad StineChris Seitz • Bradley Rohrbaugh • David Schad

Colliers International – Philadelphia, PA (HQ)399 Market St. Ste. 350Philadelphia, PA 19106P: 215-925-4600 F: 215-925-1040www.colliers.com/philadelphiaMichael Barmash • Despina BelsemesDavid Dunkelman • Michael KahanTodd Sussman

Colliers International – Allentown, PA7535 Windsor Dr., Ste. 208Allentown, PA 18195P: 610-770-3600 F: 610-770-3100Derek Zerfass • Scott Horner

Colliers International – Harrisburg, PA300 N. Second St., Ste. 1203Harrisburg, PA 17101P: 717-730-3752 F: 717-238-3299William Aiello • George Lulos

Colliers International – Mount Laurel, NJ1317 Route 73, Ste. 109Mt. Laurel, NJ 08054P: 856-234-9300 F: 856-222-1115David Dunkelman

Colliers International – Wilmington, DE300 Delaware Ave., Ste. 1018Wilmington, DE 19801P: 302-425-4000 F: 302-425-4700Mark Undorf

Fameco - Woodbridge, NJWoodbridge Towers • 555 U. S. Hwy 1Iselin, NJ 08830P: 732-526-9000 F: 732-526-9101www.famecoretail.comTyler Bennett • Carlo CaparruvaMike Horne • Scott Jennerich • Dan SpectorSteven Winters • Anthony Palmiotto • Kim Kretowicz

Fameco - Philadelphia, PA 1425 Walnut Street, Suite 200Philadelphia, PA 19102P: 215.557.0050 F: 215.557-0053www.famecoretail.comJackie Balin • Paige BarrowMichael Gray • Eva Redette • Larry Steinberg

Fameco - Plymouth Meeting, PA633 West Germantown Pike • Suite 200Plymouth Meeting, PA 19462P: 610-834-8000 F: 610-834-1793www.famecoretail.comCathy Agnew • Brian Bruzek • Jeff CohenJim Creed • Scott Dennis • Brandon FamousJohn Fasciano • Dana Hawkins Jerry Johnson • Jon KiesermanAdam Kohler • John Krause • Jon KushnerGary Leone • Marc Mandel • Matt MandelJay Miller • Steve O’Malley • David OrkinDale Peterson • Rick SchuchJulie Tanpitukpongse • Dave VitaliRick Weinberg • Fred YounkinColin Behr • Daniel Sonnentag

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NJPAGREEN BUILDINGSwww.marejournal.com Mid Atlantic Real Estate Journal — February 24 - March 15, 2012 — 31

ERNARDS TOWN-SHIP, NJ — Mack-Cali Realty Corporation an-

nounced that Liberty Corner Corporate Center, 106 Al-len Road in Bernards Twp.has been awarded LEED-EB:OM 2009 Silver certifi cation from the U.S. Green Building Council (USGBC). 106 Allen Rd. is the second multi-ten-anted building in New Jersey to achieve this prestigious award.

The LEED-EB:OM 2009 (“Leadership in Energy & En-vironmental Design – Existing Buildings: Operation & Main-tenance”) certifi cation recog-nizes maximized operational effi ciency with minimized envi-ronmental impact. It addresses cleaning and maintenance is-sues – including chemical use

Gerard Hazel of Sustainable Systems LLC provides consulting services on project

Mack-Cali announces Liberty Corner Corporate Center achieves LEED Silver Certifi cation

– recycling programs, exterior maintenance programs, and system upgrades. It is the only LEED rating system under which projects can demon-strate actual energy effi ciency and sustainable operations performance metrics.

Highlights of the building’s sustainability achievements include:

• An ENERGY STAR rat-ing of 95, which places the building in the top 5 percent of similar buildings in terms of energy effi ciency

• Use of highly efficient plumbing fi xtures providing water savings of 23 percent

• Improvements to the building’s irrigation system provide a 66 percent reduction in water use for irrigation, as well as the installation of a

• A Green Cleaning Program has been implemented as part of a comprehensive build-ing-wide Indoor Air Quality Program

Gerard Hazel of Sustainable Systems LLC provided consult-ing services on the project.

Mitchell E. Hersh, Mack-Cali president and chief executive officer, commented, “We are very proud to have achieved this important designation at 106 Allen Road, which en-hances the institutional quality of this class A building. Today, businesses and government agencies are more environmen-tally conscious and are looking specifi cally for offi ce properties that are energy effi cient and more sustainable, with a goal of reducing their overall carbon footprint.” ■

106 Allen Road in Bernards Township, NJ

B

dedicated meter to monitor ongoing performance

• Recycling efforts resulting in a 55 percent diversion rate of recyclables from landfi ll of ongoing consumable waste and a 100 percent diversion rate of

durable goods from entering the waste stream

• As part of the building’s Sustainable Purchasing Plan, mercury content of lighting has been substantially re-duced

HAMILTON, NJ — Hartz Mountain Industries has begun producing power at its Hartz Solar Hamilton facil-ity, an 8.5 Megawatt (MW) ground-based solar array in Hamilton, NJ.

Completed in December of 2011, the fi rst ground based solar array by the developer is comprised of over 30,000 solar modules, making it one of the largest solar power sys-tems delivering power in New Jersey and solidifying Hartz Mountain’s position as a lead-ing solar power producer in the state.

“The impetus for Hartz to develop the ground array was the economic and envi-ronmental benefi ts that stem from the investment in solar energy, including jobs, re-duced air pollution, and long term energy security ” said Emanuel Stern, president and COO of Hartz Mountain Industries, Inc. “I applaud the Christie Administration and the New Jersey Legislature for continuing to make New Jersey a national leader in solar energy.”

The ground array is located in Hamilton Township near the intersection of the New

Jersey Turnpike and I-195. The plot of land is sixty-fi ve acres of land previous zoned for residential development, thirty-four of which is used for solar. This ground array, combined with an existing roof-top solar portfolio atop 13 buildings, brings Hartz’s total installed solar generat-ing capacity to 17 MW.

Hartz Mountain contracted with Madison, WI based RMT, Inc. to design and construct the array. RMT is a nationally recognized leader in the en-gineering and construction of renewable energy facilities.

The ground array project was fi nanced by TD Bank.

The Hartz Solar Hamilton facility comes on line fol-lowing its standard-setting

memorandum of understand-ing (MOU) with Environmen-tal Protection Agency (EPA) to reduce its carbon foot-print. The ground solar array should allow Hartz Mountain to nearly double the green-house gas emissions savings it has already achieved. Ac-cording to EPA, in 2011, Hartz reduced greenhouse gases by 12,574 MTCO2e (metric ton carbon dioxide equivalent). In layman’s terms, that’s a reduction equivalent to tak-ing 2,466 vehicles off the road per year or the carbon dioxide reduction equivalent to more than 1.4 million gallons of gas. ■

Hartz Mountain continues green objectives by opening solar array

PRINCETON, NJ — The ELM Group, Inc. (ELM), has undergone a manage-ment buyout of the founding principal and owner, Joseph Fallon. The remaining prin-cipals will continue leading the fi rm, where Mark Fisher and Peter Brussock, Ph.D. have assumed the role of managing partners.

This action is the latest step in the long term transi-tion plan the fi rm has had in place for the past 10 years. Fisher said “It is important for us as a fi rm to continue to provide growth opportunities for our key people, and this is part of the ongoing process to provide such opportuni-ties”. Dr. Brussock added “and we now look forward to the challenges to continually improve our services for our expanding client base”.

ELM is an award winning environmental engineering and consulting firm that specializes in environmental due diligence, site investiga-tions and remediation, along

The ELM Group undergoes management buyout

with Brownfi elds redevelop-ment, and project manage-ment services for complex

environmental issues as-sociated with hazardous substance discharges. The fi rm also provides land use management and planning, ecological assessments and restoration services, as well as permitting and compli-ance/monitoring services for ongoing industrial and com-mercial operations.

ELM currently employs a staff of 55 people and is headquartered in Princeton with offi ces in New York City, Boonton NJ, Holicong PA and Bethlehem, PA. ■

“The impetus for Hartz to develop the ground array was

the economic and environmental benefi ts that stem from

the investment in solar energy, including jobs, reduced air

pollution, and long term energy security ” said Emanuel

Stern

Fisher said “It is impor-

tant for us as a firm to

continue to provide growth

opportunities for our key

people, and this is part of

the ongoing process to pro-

vide such opportunities”.

32 — February 24 - March 15, 2012 — Green Buildings — Mid Atlantic Real Estate Journal www.marejournal.com

MAREJ GREEN BUILDINGS

• 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 Certi ed• Building Information Modeling (BIM)• MBE/SBE certi cation

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Contact: Jeff GilbeauxP: 856-988-1890Email: [email protected] Box 782, Voorhees, NJ 08043

he commercial and resi-dential building sector consumes 49 percent

of all energy produced in the United States, and as a result, many build-ing owners in states like New Jersey and Pennsyl-vania have begun to take advantage of generous federal and state fi nancial incentives to build commercial-scale solar systems to offset some of their electricity costs.

These fi nancial incentives, however, are not long-term solutions, and more needs to be done to reduce the non-sub-sidized cost of solar. Though the price of solar has dropped signifi cantly due to decreases in the prices of PV modules, it is important for the solar industry to continue to invest in balance-of-system improve-ments that address the up-front and system lifetime costs of solar.

Commercial-scale solar is an important driver of growth in the solar market because it reduces operating and man-agement expenses for building owners and tenants. Thus, technologies that make com-

By Wendy Arienzo, ArrayPower

Making solar more accessible to commercial property owners

mercial-scale solar more af-fordable are of great benefi t to the real estate community.

The inverter – the compo-nent that converts the DC pow-er produced by the PV module into grid-ready AC power – is a portion of the solar system that can signifi cantly affect system performance and cost. Tradi-tionally, there are three types of inverters: central, string and microinverters. Central and string inverters are most commonly used for commer-cial-scale solar systems, but they are not reliable or effi cient at harvesting the energy from the system. Microinverters are much more effi cient at harvest-ing solar energy, but they are prohibitively expensive for the larger systems that commer-cial buildings use.

ArrayPower has developed an inverter technology that addresses this performance-cost nexus, maximizing energy harvest at a price competitive with string inverters. Array-Power partners with solar module manufacturers to in-tegrate each of ArrayPower’s Sequenced Inverters with the PV module during the manu-facturing process in a plug-in format, eliminating danger-ous and diffi cult wiring and improving system installation and maintenance costs and

safety. This technology allows the Sequenced Inverter to pro-vide the only fully integrated system that delivers commer-cial-grade, three-phase AC power, useable at any commer-cial or industrial facility.

Important to building own-ers and tenants, the Sequenced Inverter’s high performance and deep level of integration offer signifi cant lifetime sys-tem cost savings. Specifi cally, this technology reduces the cost of commercial solar by 35 cents per watt, or more than 10 percent, by lowering capital costs, simplifying installation and increasing energy harvest. By installing systems that use the Sequenced Inverter tech-nology, building owners will be able to offer tenants a cut-rate electricity bill for less capital cost, and building tenants will be able to reap the benefi ts of distributed solar more easily.

It is important that busi-nesses and building own-ers move toward greener, more sustainable business practices, and by offering commercial-scale solar at a more affordable price, the Se-quenced Inverter will play an important part in helping the commercial real estate sector achieve that goal.

Wendy Arienzo is CEO of ArrayPower. ■

T

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MAREjournal.com Mid Atlantic Real Estate Journal — February 24 - March 15, 2012 — 35

GREEN BUILDINGS SPOTLIGHT

SUSTAINABLE DESIGN & CONSTRUCTION

hile people tend to focus on the carbon that cars emit, the

truth is that most of the carbon d i -oxide in our atmosphere comes from b u i l d i n g s – more like-ly old ones, with little in-sulation, outdated mechanical systems and single-glazed win-dows. The Eastern seaboard is home to the bulk of these old buildings in a climate where buildings must work harder to keep occupants comfortable than in other, more temperate population centers.

Baltimore already knows the value of green – the Bal-timore City Green Building Standards (BCGS) are an innovative effort to protect and restore Baltimore’s water supply, reduce its urban heat island effect, and encourage alternative transportation. These standards largely apply to newly constructed or exten-sively modifi ed nonresidential or multi-family residential buildings. But there are many old buildings in Baltimore, and building owners should not forget that even simple system upgrades can make a huge dif-ference for the environment and their bottom lines.

Old and ineffi cient buildings can and should be retrofi tted to be more energy efficient – not just for environmental reasons but because it makes sound economic sense. Accord-ing to the United States Green Building Council (USGBC), buildings that feature high performance systems can re-duce water usage by 40 percent and can cut energy use in half. The resulting reductions in wa-ter and energy bills go directly to the owner’s bottom line. The USGBC estimates owners who “green” their buildings can anticipate an 8-9 percent decrease in operating costs. Baltimore County also offers a tax credit for buildings that attain LEED certifi cation.

Bringing buildings into the 21st Century

Skanska USA’s Fraser Kadera on Green Retrofi tsW Existing buildings already

have a “carbon advantage.” The energy required to manu-facture their materials and systems and to construct them has already been spent. Even new buildings designed with sustainability in mind fill landfills with the debris of the old buildings they replace. In addition, new buildings consume energy and produce carbon during the fabrication, shipping and construction process.

In the U.S., green retrofi ts have grown from two percent of the total construction mar-ket in 2008 to an estimated 30 percent in 2010. At Skanska, we have realized the benefi ts of retrofi tting fi rst hand. Two years ago, we moved into our fl agship offi ce at the Empire State Building in New York City, retrofitting our tenant space to achieve LEED Plati-num certifi cation, reducing our electricity costs by 57 percent compared to our former offi ce in a standard urban building. The Empire State Building fi t-out is projected to save us roughly half a million dollars in electric costs over the life of its 15-year lease. By changing the cost argument from initial costs to lifecycle value, we were able to do what’s good for the environment and what’s good for our business.

For those who are unable to commit to a full retrofi t, there are ways to make changes in relatively easy and inexpen-sive ways. As we all know, wa-ter conservation is an issue in Baltimore. Even simple green retrofi ts and installations can do a lot to save water. Dual-fl ush toilets, low-fl ow fi xtures, and waterless urinals are all relatively easy and inexpen-sive steps that cut down sig-nifi cantly on water usage.

You don’t need a new build-ing to realize the benefi ts of sustainability. Most major building systems have a use-ful life of 25 to 35 years. When systems are about to fail, they need to replaced anyway. This is the time to invest a little

more in thoughtful, cost effec-tive retrofi ts bringing build-ings into the 21st Century for a relatively small incremental cost. Thoughtful “green” reno-vation makes good business sense.

Fraser Kadera, MBA, Certifi ed Business Energy Professional, LEED GA, is a regional executive of integrated solutions for Skanska USA in Rockville, MD.

In other Skanska news, Russ Alcorn PE, DBIA has been pro-moted to senior vice president and national director.

In his new role, Alcorn will

utilize his 34 years of experi-ence in federal construction to assist in the procurement and execution of Skanska’s federal construction projects across the United States.

“Over the past year, Russ

has proven to be an invaluable asset, successfully identifying best practices and pursuing op-portunities for Skanska,” said Bill Brennan, co-chief operat-ing offi cer and executive spon-sor of the Federal Center of Excellence. “Russ understands how to meet the magnitude of needs federal clients bring to the table, and we look forward to his future contributions.”

During the past year, Alcorn

served as a vice president help-ing identify federal pursuits, reviewing federal solicitations, and assisting with proposals and presentations to federal agencies in addition to pro-viding operational support to ongoing projects. Prior to this position, Alcorn worked as an operations manager for Hensel Phelps Construction Co. where he oversaw major federal con-struction projects.

Throughout his long and

successful construction career, Alcorn has grown his portfolio to include work on military bases, airports, courthouses, correctional facilities, hospi-tals, resorts and industrial plants. ■

PATCHOGUE, NY — BBS Architects & Engineers won three out of ten awards in School Planning & Manage-ment magazine’s 2011 Sustain-ability & Innovation Awards program. The annual com-petition recognizes the most architecturally and technically advanced sustainable design practices in the United States.

BBS is a regional and na-tional designer of sustainable educational, institutional and commercial facilities. The fi rm

BBS Architects & Engineers wins three 2011 Sustainability Awards

designed the fi rst LEED-certi-fi ed public school in NY.

BBS won the Building as a Teaching Tool category award for the new Life Sciences Build-ing at the Suffolk County Com-munity College in Selden, NY and two awards in the Site Selection & Development cat-egory for the Mullarkey Hall renovation at the Long Island University’s CW Post Cam-pus in Brookville, NY and the Southampton Elementary School in Southampton, NY. ■

The three-story, addition to the Southampton Elementary School in Southampton, NY was among three of BBS Architects & Engineers’ projects to receive School Planning & Management magazine’s 2011 Sustainability & Innovation Awards

PHILADELPHIA, PA — Brenda Hustis Gotanda, a part-ner with Manko, Gold, Katcher & Fox, LLP (MGKF), the environmen-tal, energy and land use l a w f i r m based in Bala Cynwyd will be a panelist on Thursday, March 29 as part of the Sustainability Sym-posium PA/NJ 2012 at the Franklin Institute in Phila-delphia. The program brings together industry, university and community leaders to share best practices, ask chal-lenging questions and provide cutting edge information about sustainability in the Delaware Valley. MGKF is also one of the sponsors of the event.

There will be 15 panel discus-sions running from 8 a.m. – 1 p.m. focusing on energy man-agement systems, community engagement, building retrofi ts,

Thurs., March 29, 2012 in Philadelphia, PA

MGKF participates inSustainability Symposium

starting a sustainable business, electric cars, LEED/Energy Star issues and more.

Gotanda is co-chair of the MGKF Sustainability practice and is a LEED Accredited Pro-fessional (LEED AP). She rep-resents and counsels clients on a broad range of environmen-tal, energy, land use, and health and safety issues in regula-tory compliance, transactional, permitting, and enforcement matters. Her practice includes green building, alternative energy and energy effi ciency, sustainability programs, due diligence, brownfi eld redevelop-ment, water and waste compli-ance, spill response, and site remediation. Gotanda serves on the BOD of the Delaware Valley Green Building Council (DVGBC) and is Chair of the Radnor Twp. Environmental Advisory Council (EAC). Go-tanda is a founder and direc-tor emeritus of the Society of Women Environmental Profes-sionals of Greater Philadelphia (SWEP). ■

Brenda Hustis Gotanda

Fraser Kadera



C HERRY HILL, NJ — Di-rect Install from New Jersey’s Clean Energy

P r o g r a m , which helps bus inesses a n d l o c a l governments reduce en-ergy costs by upgrading to energy effi-cient equip-m e n t , h a s been increased to 70% of the total project cost.

Created specifi cally for small to medium-sized facilities with a monthly peak demand of

New Jersey’s Clean Energy Program “Direct Install” Increases Incentive to 70%

Hutchinson Mechanical Svcs. is the contractor for Burlington, Camden, Ocean, Monmouth & Gloucester

providing comfort and sav-ings. Direct Install’s turn-key solution makes it easy for businesses and local govern-ments to become more energy effi cient, cut expenses and go green,” said Ed Hutchinson, president, Hutchinson Me-chanical Services. “The biggest barrier is for customers to actu-ally believe the incentives are real. We’ve helped businesses in various industries as well as local municipalities upgrade to energy effi cient equipment at a fraction of the cost.”

Hutchinson is a third-gen-eration family business and trades as Hutchinson Plumb-

ing Heating Cooling, Hutchin-son Mechanical Services, and Hutchinson Energy Services and has specialized in commer-cial and residential mechanical and energy services since 1948. Hutchinson’s technicians are factory trained, NATE certifi ed and are on-call 24/7 365 days a year. ■

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150 kW or less, Direct Install offers a streamlined process that makes it easy and afford-able to replace heating cooling & ventilation (HVAC), lighting and other outdated operational equipment with energy-effi cient alternatives. The 70% incentive dramatically improves payback on the project.

Hutchinson Mechanical Ser-vices, a third-generation family business is the participating contractor for Burlington, Cam-den, Ocean, Monmouth and Gloucester Counties. Hutchin-son was selected through a com-petitive bidding process and specially trained and equipped

to provide turn-key, start-to-fi n-ish program services, including helping businesses complete the application/agreement, per-forming the energy assessment to identify eligible equipment replacements, and replacing the equipment.

Hutchinson provides prospec-tive customers with a FREE energy assessment to identify eligible equipment, including lighting upgrades, heating, cooling & ventilation (HVAC), refrigeration, motors, natural gas equipment and variable frequency drives.

“For more than 62 years, we’ve been in the business of

PINE BROOK, NJ — GSH Group announced that it will be providing its energy man-agement services to Bergman Real Estate Group’s Jefferson Plaza properties located at 100 and 110 South Jeffer-son Road in Whippany, New Jersey.

As part of its energy man-agement services contract, GSH developed a 3D building simulation model and utility analysis to determine the most cost-effective methods for enhancing efficiency at Jefferson Plaza. GSH is un-dertaking several projects in the facilities including mechanical upgrades and the installation of a Trend building automation system. Additionally, GSH will per-form ongoing monitoring and adjustments in the properties to ensure continued effi ciency after project installation. All projects are carried out by GSH’s in-house mechanical team and the ongoing service is provided through the GSH energy team.

GSH also provides energy management services to Berg-man’s Woodbridge Towers at 555 Rte.One South in Iselin. GSH has been delivering its program to Woodbridge Tow-ers since 2008 and has im-proved energy effi ciency by 30% in the 85,000 s/f facility. The building received the EPA’s Energy Star label and was honored at BOMA NJ’s energy awards in 2010.

Steven Bergman, VP & COO of Bergman said, “Be-cause of the tremendous suc-cess GSH achieved reducing energy consumption in our Woodbridge Towers property, we have decided to roll out their energy program at our Jefferson Plaza office com-plex. We have confi dence in GSH’s energy program and believe they will achieve similar results with these two buildings.” ■

GSH Group awarded contract to deliver energy management services



RINCETON, NJ — M&E Engineers per-formed a LEED assess-

ment on Munich ReAmerica’s four building headquarters.

M&E Engineers completed a comprehensive study to analyze multiple options in replacing air-cooled chillers with traditional air-cooled, evaporative-cooled or water-cooled options. This included the creation of an energy model and cost analysis to analyze payback of each op-tion. Part-load run data was generated by energy model-ing software to compare vari-ous chillers. M&E Engineers completed construction docu-ments for the replacement of the air-cooled chillers, and incorporated structural sup-port changes, piping modifi -cations and an update of the building control system. We also evaluated bids, provided construction administration, and performed commissioning services.

Munich ReAmerica received a fi rst place award from the New Jersey Chapter of the Building Owners & Managers Association (BOMA) in the Energy Reduction Category for New Jersey Offi ce Build-ings in 2010 for lowering en-ergy consumption at its four building USA headquarters in Princeton, NJ, by 35 % from the previous year. ■

Analyzing multiple options in replacing air-cooled chillers

M&E Engineers performs LEED assessmentson Munich ReAmerica’s corporate campus

P

Air-Cooled Chiller Before Air-Cooled Chiller After

The Falcon Group, Engi-neering, Architecture and En-ergy Consulting is proud to announce a new addition to our energy division, Edward H. Brzezowski, P.E., LEED AP, as VP of Energy Services. Brzezowski is nationally recog-nized as an executive level pro-fessional mechanical engineer with 35 years experience.

He is a recipient of State and National Awards for Engineer-ing Excellence. Brzezowski engineered the fi rst Net Zero Electric Commercial Building in the United States, and is an inventor with current patent pending for building diagnostic and commissioning applica-tions. In addition, Brzezowski is an author to Professional Trade publications and has presented and spoken at numerous confer-ences and workshops across the region on sustainable, energy effi cient and renewable energy technologies.■

The Falcon Group adds Brzezowski to energy division



A S B R O U C K H E I G H T S , N J — DMR Architects,

a full-service architectural fi rm dedicated to progressive, innovative and sustainable, high-quality design, recently completed architectural and construction administration services at New Jersey Mead-owlands Commission’s (NJMC) River Barge Park in Carlstadt, New Jersey.

River Bark Park is a park and marina located on ap-proximately fi ve acres on the shore of the Hackensack River. DMR Architects completed

The launching site for the NJMC Eco-Tours on the Hackensack River

DMR Architects completes Construction on NJ Meadowlands Commission’s River Barge Park

H

architectural and construction administration services for the site’s three buildings, the Winter Boat Storage Building, the Canoe Storage Building and the Educational Pavilion. The building designs refer to the early 20th century river barges that had been on the site.

The completion of the project at River Barge Park fulfi lled a long-term goal of the Meadow-lands Commission to preserve open space and provide public access to the Hackensack River for recreational and environ-mental education purposes.

The site contains three build-ings which will be utilized for the storage of the NJMC boat fl eet, crew shells, canoes and kayaks, a sub-station for the NJ State Marine Police, and an open-air park Educational pavilion structure. The park provides parking for cars and boat trailers, as well as racks for bicyclists, open landscaped areas for outdoor recreation and a shore side promenade for viewing of the river. River Barge Park will also be the launching site for the NJMC Eco-Tours on the Hackensack River.

In addition, River Barge Park includes a waterfront promenade, picnic areas, and educational signage about the natural and historic aspects of the park.

The park and buildings were designed to LEED (Leadership in Energy Effi ciency and De-sign) guidelines and green fea-tures include, salvaging wood from the river barges to con-struct the Educational Pavilion structure, soil and sediment erosion control, water effi cient landscaping and plumbing fi x-tures, energy effi cient HVAC systems and maximization of natural daylight. ■

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U. S. Green Building Council, NJ Chapter

Number of New Jersey chapter members: 1058

Number of USGBC member Companies in NJ: 349

Number of LEED Accredited Professionals in NJ: 3163

Number of LEED registered projects in NJ: 411

Number of LEED certifi ed projects in NJ: 154

BOARD OF DIRECTORSCHAIRAnastasia Harrison, AIA, LEED APGannett Fleming, Inc.

VICE CHAIRWayne D. DeFeo, LEED APDeFeo Associates

TREASUREREd SeligaAdvanced Solar Products, Inc.

SECRETARYRJ Donnelly, LEED APDonnelly Industries, Inc.

PAST CHAIRWilliam Amann, P.E., DCEP, LEED APM & E Engineers, Inc

DIRECTORS

David CardellaCardella Waste Services

Zach Gallagher, P.E., LEED APAlliance Environmental, LLC

Bill Gates, LEED AP BD&CHunt Construction

Anthony MaranoMarano Group, Inc.

Brad Miller, P.E., P.P.NJ Meadowlands Comission

Joe Porrovecchio, LEED AP, CRMCarbon-Key, LLC

Paul Qvale, LEED APHillmann Group

Lisa San Filippo, AIA, LEED AP, BD&CTurner Construction Co.

Faith TaylorWyndham Worldwide

Andrew Topinka, CPMRTechnical Group Services, Inc

Ed Walsh, P.E.The Walsh Company

Gregg Woodruff, PP, AICP,LEED AP, BD&CLangan Engineering &Environmental Services, Inc.

EXECUTIVE DIRECTORFlorence BlockLEED Green Associate

GENERAL COUNSELHarry E. McLellan, Esq, LEED Green AssociateMcLellan & Associates, LLC

CHAPTER COORDINATORMary Ellen Garrigus

www.usgbcnj.org

FLORENCE BLOCK

Dear Friends and Colleagues,

After years of development, a new tool is on the way to help provide clear green build-ing guidance to lawmakers, regulators, green building advocates, and imitators alike; the International Green Construction Code (“IGCC”). Now, a new set of standards intended to facilitate and accelerate the construction of green buildings in the United States has been established with the help of some of our partner groups, the International Code Council (“ICC”), the American Society of Heating, Refrigerating and Air Conditioning Engineers (“ASHRAE”), and the Illuminating Engineering Society of North America (“IES”).

The IGCC is a product of two national movements to create enforceable green building codes in the U.S.: one, by the ICC and ASHRAE, which have been at the forefront of trying to develop an industry standard with green build-ing for decades, and one by the US Green Building Council which has been involved in a similar effort centered around the Leadership in Energy and Environmental Design (“LEED”) rating system.

USGBC-NJ Chapter’s advocacy efforts in Trenton were always challenged by a lack of uniformity when it came to defi ning a green building or a “high performance” building as it is referred to in legislation. Green building policies in New Jersey vary from town to town and from city to city. Even legislation setting green building policy varies from bill to bill. For this reason, the USGBC-NJ’s advocacy committee has been working with the Department of Community Affairs and lawmakers in Trenton to adopt the IGCC in the Garden State.

USGBC-NJ’s ultimate goal in advocating New Jersey to adopt the IGCC is that it will provide a uniform set of green building guidelines in a streamlined, systematic manner that also fi ts the individual needs of a city or municipality. There is no doubt that we defi nitely need the IGCC in New Jersey to provide an objective voice to defi ning what is and what isn’t considered a legitimate green building practice. Just like with the LEED rating systems, the IGCC code is meant to bring greater inclusivity and fl exibility to green building.

Stay tuned for more developments and updates and feel free to reach out to our staff.

Florence Block LEED Green AssociateExecutive DirectorU.S. Green Building Council NJ

Chapter Events

2/29/12 – Fundamentals of Sustainability andLEED/LEED Green Associate Exam Prep 8am – 5 pm, Piscataway, NJ.

3/20/12 – Meet the Decision Maker Breakfast8:30 – 10:30 am, Princeton, NJ

Letter from the Executive Director

For details on all USGBC-NJ events, visit www.usgbcNJ.org

www.marejournal.com Mid AtlanticRealEstateJournal—GreenBuildings—February24-March15,2012—41

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42— February 24 - March 15, 2012 — Mid Atlantic Real Estate Journal www.marejournal.com

FEBRUARY 23-24 – IREMEvent: Tri-State Conference & ExpoLocation: Borgata Hotel & CasinoAddress/City: Atlantic City, NJwww.irem1.org

FEBRUARY 28 – CIANJEvent: Financial Decision Makers RoundtableTime: 8:00 AM – 10:00 AMLocation: Hilton Hasbrouck HeightsAddress/City: 650 Terrace Ave., Hasbrouck Heights, NJP: 201-368-2100 E: [email protected]

FEBRUARY 28 – CREW PITTSBURGHEvent: CREW Network: Your Business NetworkTime: 11:30 AM – 1:30 PMLocation: The Rivers ClubAddress/City: 301 Grant St., Pittsburgh, PACost: $45 Members, Nonmembers & GuestsE: [email protected]

FEBRUARY 28 – TRISTATEEvent: Cost Segregation for the Commercial BrokerTime: 8:30 AMLocation: New Jersey Convention & Exposition CenterAddress/City: 97 Sunfi eld Ave., Edison, NJCost: Members Free/$25 NonmembersP: 610-238-9070 E: [email protected]

FEBRUARY 29 – CORENETEvent: Mid-Atlantic Orientation: Getting the Most Out of Your CoreNet MembershipTime: 7:30 AM – 9:00 AMLocation: The Tower ClubAddress/City: 8000 Towers Crescent Dr., Vienna, VA 22182P: 571-209-7803E: [email protected]

FEBRUARY 29 – CREW LEHIGH VALLEYEvent: Member Event: Marc Holliday of SL Green Realty Corp.Time: 3:10 PMLocation: Lehigh University’s Goodman Center LobbyP: 610-758-4786 E: [email protected]

FEBRUARY 29 – SIOR PHILADELPHIAEvent: Chapter MeetingLocation: Ruth’s Chris SteakhouseAddress/City: King of Prussia, PAwww.siorphila.com

FEBRUARY 29 – USGBC NJEvent: Fundamentals of Sustainability & LEED Green Associate Exam PrepTime: 8:00 AM – 5:00 PMLocation: American Standard Brands Training Cntr.Address/City: 1 Centennial Ave., Piscataway, NJwww.usgbcnj.org

MARCH 1 – NAIOP PITTSBURGHEvent: Annual Awards BanquetTime: 5:15 PMLocation: David Lawrence Convention CenterAddress/City: 1000 Fort Duquesne Blvd., Pittsburgh, PACost: $125 Members $150 NonmembersP: 412-928-8303www.naioppittsburgh.com

MARCH 1 – ULI PHILADELPHIAEvent: Transformative Regional Game Changers-Let’s Dare to Dream (and Evaluate)Time: 8:15 AM – 10:30 AMLocation: The Union LeagueAddress/City: 140 S. Broad St., Philadelphia, PACost: $65 Members $90 NonmembersP: 800-321-5011www.philadelphia.uli.org

MARCH 6 – AIA PHILADELPHIAEvent: “Building Philadelphia: Architecture, History & Politics” 10-Part Lecture SeriesTime: 6:00 PMLocation: Center for ArchitectureAddress/City: 1218 Arch St., Philadelphia, PACost: $150 Members $200 General Publicwww.aiaphiladelphia.org

MARCH 7 – NAIOP NJEvent: Public Policy SymposiumTime: 7:45 AM – 11:00 AMLocation: East Brunswick HiltonCost: $130 Members $135 Member’s Colleagueswww.naiopnj.org

MARCH 7 – POA NJEvent: Money Saving Roundtable DiscussionsTime: 6:30 PMLocation: Wilshire Grand HotelAddress/City: 350 Pleasant Valley Way, W. Orange, NJCost: Members Free/$35 NonmembersP: 732-780-1966 E: [email protected]

MARCH 8 – ABC EPAEvent: Intro to ABCTime: 8:30 AMLocation: East Norriton Offi ceAddress/City: 430 W. Germantown Pike, East Norriton, PAP: 610-279-6666www.abceastpa.org

MARCH 8 – IREM 101 & IREM 3Event: Create Your Brand of Personalized ServiceTime: 1:00 PM – 3:30 PMLocation: Stonegate @ St. StephenAddress/City: 5101 Stonegate Dr, Pennsauken, NJCost: $25 Members $35 NonmembersP: 856-829-8939www.irem101.org/www.irem3.org

MARCH 8 – NJAAEvent: Socializing Your Community – Social MediaTime: 9:00 AM – 12:00 PMLocation: NJAA Headquarters

COMMERCIAL REAL ESTATE ORGANIZATIONS’

EVENTS CALENDARAddress/City: 104 Interchange Plaza, Suite 201, Monroe Township, NJCost: Members Free/$75 NonmembersE: [email protected]

MARCH 11-15 – MBA NJEvent: 29th Annual Regional MBA ConferenceTime: 9:00 AM – 1:00 PMLocation: Trump Taj MahlAddress/City: Atlantic City, NJP: 732-596-1619 E: [email protected]

MARCH 13 – ABC NJEvent: Labor & Employment SeminarTime: 8:00 AMLocation: Four Seasons HotelAddress/City: Philadelphia, PAE: [email protected]

MARCH 13 – CREW PHILADELPHIAEvent: Managing for Success in the Multigenerational WorkplaceTime: 9:00 AM – 12:30 PMLocation: St. Joe’s UniversityAddress/City: 5600 City Ave., Philadelphia, PAwww.crewphiladelphia.org

MARCH 14 – CIRC DEEvent: Membership MeetingTime: 11:30 AM – 1:30 PMLocation: Clarion Hotel – The BelleAddress/City: 1620 N. DuPont Hwy.Cost: $30 Members $40 Nonmembers & GuestsP: 302-633-1705E: [email protected]

MARCH 14 – SMPS PITTSBURGHEvent: Luncheon Program/MarcellusTime: 11:30 AM – 1:30 PMLocation: The Rivers ClubAddress/City: 301 Grant St., Pittsburgh, PACost: $40 Members $65 Nonmemberswww.smpspittsburgh.org

MARCH 21 – ABC EPAEvent: Find Networking Gold with ABCTime: 5:00 PMLocation: Barnaby’s of AmericaAddress/City: 15 S. High St., West Chester, PACost: $50 per PersonP: 610-279-6666www.abceastpa.org

MARCH 22 – NAIOP PITTSBURGHEvent: Chapter MeetingTime: 7:30 AMLocation: Omni William Penn HotelCost: Members Free/$40 NonmembersP: 412-928-8363www.naioppittsburgh.com

MARCH 22 – NAWBO DEEvent: Power of Partnership NetworkingTime: 5:30 PM – 7:30 PMLocation: Legislative HallAddress/City: Dover, DEE: [email protected]

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[email protected]

•

200 Acres with 54,000 manufacturing in multiplewarehouse and residential buildings. Marcellus gasrights available.

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

WANTEDREAL ESTATE AGENTS

Richard Natow, President610-902-3900 x 111Commercial Real Estate

REAL ESTATE SALESCOMMERCIAL REAL ESTATE

PA, NJ, DEInvestment & Industrial Sales

Exclusive Territories: PA, NJ, DELReal Estate License Required

Send Resume to:[email protected]

Send resume to Louis at:

Louis [email protected]

Contact: 845.398.1778

or visit www.hvcoatings.com for more info

ROOFINGBUSINESS

OPPORTUNITYState of the Art Architectural Coatings needs

Dealers/Installers/Sales/Representatives

Roofing/Painting/Construction Sales Expierence

Will Help in the NorthEast States. Military Welcome.

www.marejournal.com Mid Atlantic Real Estate Journal — February 24 - March 15, 2012 — Inside Back Cover

INVESTMENT REAL ESTATE

2 West Northfield Road, Livingston, NJ 07039Tel. (973) 994-4500 Fax (973) 994-9752

Visit us on the web at: www.gebroehammer.com Email: [email protected]

DOMINANCE.“...most influential, having a commanding position.” (Webster’s)

New Jersey’s dominant brokerage firm specializing in the sale of multi-family,

retail, and commercial investment properties

for private investors, REITS, and other institutional clients.

Back Cover — February 24 - March 15, 2012 — Mid Atlantic Real Estate Journal www.marejournal.com

RT 61 DISTRIBUTION CENTER

184 TUCKERTON ROAD, READING, PA

CONTACT : STEVE WILLEMS

EXCLUSIVE AGENT

Office 610-779-1400 Direct 610-370-8506

3000 Amp 3-Phase 480 V

35,000 lb Dock Levelers

100 % Sprinkler/ T5 Lighting

Rail Available

3+ Acre Fenced, Lit and

Paved Truck Lot

Strategically located: Rte 61 & Rte 222 Interchange

Excellent Access to I-76, I-176 & I-78

In the Heart of desirable Muhlenberg Twp. Industrial Area

- Best Location in Berks County

Public Transportation to Site

30 Minutes to Lehigh Valley

Owned and Professionally Managed by:

115,000 SF - 32’ Clear Ceiling Height - 18 Docks

Distribution or Manufacturing

Meeting Tenant’s Needs Immediately, Efficiently and Economically

Also Available : 36,000 SF - 11 Docks

21’ Clear Ceiling Height

Documents

2-24-12 MARE Journal