12-23-2011

the most comprehensive source for commercial real estate news

Inside:SectionsMid Atlantic .......................................................Section A

DelMarVa ............................................................Section A

Shopping Centers ......................................... Section B

Contractors, Owners & Managers ........ Section C

2011 Year in Review ...................................... Section D

Spotlights / FeaturesTax/Insurance .......................................................................3-5A

Auction Pages .............................................................6-7A

Business Card Directory .........................................15A

Calendar of Events ......................................................16A

ColumnistsDavid Goldfi sher, The Henley Group ....................2A

Next IssueJanuary 13, 2012

• Mid Atlantic

• New Jersey featuring

Atlantic, Cape May, Cumberland & Salem

• Pennsylvania featuring Eastern PA

4 sections, 96 pages

Vol. 23, Issue 24 December 23, 2011 - Jan. 12, 2012

REAL ESTATE JOURNAL

Reviewing the top stories of the year along with the movers and shakers that helped make 2011 a success!. ................................................................................... Section D

Dermody Properties corporate headquarters and distribution center has achieved LEED Silver Certifi cation from USGBC ................................................... Cover C

Dermody Properties achieve LEED

2011 Year in Review

Retail Design Competition

Shopping Centers 2011 Winners of Retail Design Competition ................ Page 5B

A Inside Cover — December 23, 2011 - January 12, 2012 — Mid Atlantic Real Estate Journal MAREjournal.com

MAREjournal.com Mid Atlantic Real Estate Journal — December 23 - January 12, 2012 — 1A

Limestone Shopping Center

Creekwood Corporate Center

For more information: Phone (302) 323-9300 Fax (302) 323-495129 East Commons Boulevard, Suite 100, New Castle, Delaware 19720

Operating and Managing over 3 MillionSquare Feet of Industrial and Commercial

Real Estate in the Mid Atlantic Region

• 66,000 Square Feet of Class A Office Space

• 3,888 Square Feet of Class A Office Space Available

• Strategically located at the I-95 / Rt. 141interchange in New Castle, Delaware

• 5 parking spaces per 1,000 square feet

• Previously a corporate headquarters facility

• Part of pre-planned suburban office campus

91 0 Basin RoadCreekwood Corporate Center

Class A Office Space AvailableFrom 1 ,61 0 Sq. Ft. to 2,278 Sq. Ft.

• +/- 4.7 Acre (43,889 sq. ft.) of retail space inthe center of New Castle County.

• Minutes away from I-95/I-295, I-495 and Routes41 and 141.

• Site offers convenient access from K irkwoodHighway (Rt.2) and Limestone Rd. (Rt. 7).

• Perfect for stores, businesses and banks withoptimum exposure from Rt 7.

• 198 parking spaces• 2,009 SF available on the second floor.

Limestone Shopping Center43,889 Square Feet of Retail Space

Available Belle HillCecil County, Maryland

• Phase I of a III Phase Development • 50,266 SF Available – New Construction • Includes 11,747 SF of finished office and mezzanine space area • 4 Acres of Paved Truck Display & Storage Area • 120 Truck and Trailer Parking Spaces • 15 Ton Bridge Crane • T5 Fluorescent Lights • Geothermal HVAC

RGI 05-05-08

Belle Hill

www.harveyhanna.com

http://www.harveyhanna.com

is the Holiday Sea-son and the don of the checklist, who

gets the IPad2 and who gets two pads of coal; who gets an open-armed welcome and who gets checked for arms at the door; with whom will you clink glasses and celebrate the spirit of the season, and from whom must you hide the spirits in your liquor cabinet? Ahh…. the Holidays.

Time to beware of the things

you may have done over the past year to “tick off” your Servicer and to prepare for the New Year enlightened. Perhaps, you have some aton-ing to do before getting onto your Servicer’s “nice” list. Given that traditionally those are the Borrowers who fi nd loan modifi cations and debt restructuring packages under their Xmas tree or Hanukkah bush, it seems worth consid-ering.

The Servicer negotiation process is long and wrought with pivotal choices. Should a Borrower comply with all Servicer requests? The Bor-rower’s decisions on these issues impacts whether or not the Servicer continues to work with him or decides to work against him. Unfortu-nately, with no printed play-book, the Borrower must rely on instinct and experience. A Borrower must make these decisions with the awareness of how these strategies play into his overall game plan. That being said, when the Borrower doesn’t like what he

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 .............................................................. David Goldfi sher

Mid Atlantic REAL ESTATE JOURNAL ~ Published Semi-Monthly

P.O. Box 26 Accord, MA 02018 (Mail)

312 Market Street, Rockland, MA 02370 (Overnight)

Periodicals postage paid at Rockland, Massachusetts and additional mailing offi ces

Postmaster send address change to:

Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018

USPS #22-358 | Vol. 23 Issue 24 Subscription rates: $99 - one year, $198

- two years, $4 - single copy

REPORT AN ERROR IMMEDIATELY

MARE Journal will not be responsible for more than one incorrect insertion

Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299

www.marejournal.com

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

They wrote the policy.

We make sure they write the check.

M. MILLER & SONPublic Adjusters

Since 1960

1211 Liberty Ave., Hillside, NJ 07205 ● Tel: [email protected] ● www.mmillerson.com

2A — December 23 - January 12, 2012 — Mid Atlantic Real Estate Journal MAREjournal.com

Mid AtlanticReal Estate Journal

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

Meridian Capital Group, LLC proudly advised on financing for the following transaction:

Hudson Square South150 Unit Multifamily Property

Hoboken, NJ

$33,000,000Permanent Financing

This transaction was negotiated by:

Israel Schubert, Managing Director

T

By David Goldfi sher

2011 CMBS Holiday Advice

is seeing on the other side of the ball, his only option may be an audible.

Take a case whereby an early 2000 CMBS loan went into monetary default after losing a 50% tenant. After paying the property’s operat-ing expenses, the Borrower’s cashflow covered 1/3 of its debt service obligations. The Borrower wanted to retain the 33% of residual cashfl ow and build up the property’s oper-ating account. The Servicer wanted the excess cashfl ow to be remitted and to be held by the Lender. In addition, the Servicer was unwilling to re-lease TI/LC monies from the Borrower’s escrow account to fund tenant improvement work required by the tenant to renew their lease.

If you were the defaulted Borrower would you: 1) remit the excess cashflow to the Servicer or hold it 2) fund the TI/LC costs out of the property’s cashflow or out of your own pocket or risk losing the tenant 3) pay the monthly property manage-

ment fee to your affiliated management company even though the Lender views this fee as subordinate to their mortgage payment 4) pay per-sonal consulting/legal costs to battle the Servicer with the property funds he considers to be his/Trusts?

It is not simply a question of being “naughty or nice”. In this case, the Borrower did not remit the excess cashfl ow to the Lender and did elect to take an additional $150,000 of the property’s cashfl ow to ab-sorb the TI/LC costs. Neither decision was popular with the Lender. However, given the Borrower ’s continued credibility with the Servicer and the good-natured tenor of the dialogue to date, the advisory team and Borrower agreed that keeping the cash and keeping the tenant were more critical than satisfying the Servicer’s requests.

At the end of this holiday tale, the Servicer eventually prevailed and the Borrower did re-pay the $150,000 of

continued on page 11A

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

Visit our website to view upcoming commercial real estate events

http://www.marejournal.com

mailto:[email protected]

http://www.mmillerson.com


Mid Atlantic REAL ESTATE JOURNAL

Auctioneers Directory

TAX/INSURANCE

s the real estate market continues to decline, commercial

property owners have a great opportunity to reduce their property taxes. Business owners are struggling and as a result, there is a signifi cant amount of empty space in commercial properties.

The number of vacancies in commercial offi ce complexes, shopping centers and apart-ment complexes continues to increase. And although, this is bad for the overall economy, it is extremely ben-efi cial when fi ling a property tax appeal.

Most commercial property owners do not understand how their property taxes are calculated and how or when they can be reduced. A property tax assessment is the amount which the property taxing authorities use to determine property taxes based on their millage rates. The assessment can be found on the real estate tax bill. In most states, property taxes consist of three differ-ent taxes:

1. County; 2. Munici-pality; and 3. Township.

Generally, an assessment will not change unless the county does a countywide reassessment, there is an improvement to the property or the owner fi les an annual appeal. In order to determine whether or not a property owner is paying too much in property taxes, you need to calculate the Assessed Mar-ket Value (“AMV”). In most states, the AMV changes every year as a result of a calculation based on a ratio which also changes every year. In Pennsylvania, it is referred to as the common level ratio, (“CLR”), and in New Jersey it is referred to as the Chapter 123 Ratio.

For example, in Pennsyl-vania:

Assessment ÷ CLR = Assessed Market Value

The purpose of the CLR is to adjust the AMV of the property to refl ect what is happening in the current real estate market. The ul-

Alison H. Tulio, Esq., President MidAtlantic Tax Solutions, [email protected]

1.877.340.4440 (toll free) • www.midatlantictax.com

ARE YOU PAYING TOO MUCH IN

PROPERTY TAXES?

In 2011, MidAtlantic Tax Solutions reduced property taxes for commercial property owners

by as much as 36%.

timate goal is to have the property taxes based on the Fair Market Value (“FMV”) of the property. The FMV is the actual price at which a willing buyer will purchase from a willing seller in an arms-length transaction. However, in most cases the AMV is not equivalent to the FMV and therefore, the property taxes will be too high and the property is over assessed.

If this seems confusing, we can help. MidAtlantic Tax Solutions, LLC, is a consult-

ing fi rm that specializes in reducing property tax as-sessments.

In 2011, MidAtlanitc Tax Solutions reduced property taxes for commercial prop-erty owners by as much as 36%.

Each state has its own pro-cedure for fi ling and adjudi-cating an appeal. The annual deadlines to fi le an annual tax appeal and other helpful information can be found on www.midatlantictax.com. The commercial market is

Alison H. Tulio, MidAtlantic Tax Solutions, LLC

Are you paying too much in property taxes?

A

Alison H. Tulio

still in a downturn and val-ues are still continuing to decline which means it is an opportune time to reduce property taxes.

Alison H. Tulio is a mem-ber of the Litigation De-partment at Flamm Wal-ton, PC and is president of MidAtlantic Tax Solu-tions, LLC. She special-izes in representing both commercial and residen-tial taxpayers in property tax assessment appeals.■

http://www.midatlantictax.com


http://www.midatlantictax.com


TAX/INSURANCE

ost real estate own-ers and investors are familiar with the tax

laws pertain-i n g t o t h e taxation of gains when a piece of prop-erty is sold for more than its “adjusted tax basis.”

But, there are exceptions to defer the taxa-tion of these gains which one must be concerned with.

Real estate has enjoyed the many benefi ts of the tax free exchange defined in Internal Revenue Code Section 1031 (“1031 Exchange”). The tax free real estate exchange is one of the more signifi cant tax benefi ts which permit real estate owners to build wealth and save taxes.

Tax LawThe 1031 Exchange permits

the real estate investor to dis-pose of his/her real estate inter-est and use all of the equity to acquire replacement property of equal or greater value, defer the capital gain tax and leverage all of the equity into the replace-ment property.

The following is a summary of the important criteria which needs to be met in order to qualify for a 1031 Exchange:

1. The real estate owner has 45 days from the date the prop-erty is sold to identify a replace-ment property and the closing must be completed within 180 days of the closing of the relin-quished property.

2. The relinquished, as well as the new property must be “similar in use” and have been held for business use or invest-ment purposes;

3. Identifi cation of the prop-erty must be specifi c and in writ-ing and delivered to a qualifi ed intermediary (“QI”) or another qualifi ed party prior to the end of the 45 day period; and

4. The exception would be if money was put into a QI’s ac-count and then a real estate tax free exchange takes place from this account.

5. 1031 Exchange property does not include stocks or prop-erty held primarily for sale.

Dulles World Property—

Fact PatternThere are many cases on

record which provides a “road-map” for how the IRS and the Courts view 1031 Exchange.

Ralph J. Anderson and Leonard C. Green, The Green Group

Could the decision in the Dulles World Property Tax Court Case bring an end to tax free exchange

MThere is a new case, still unde-

cided, which will be of consider-able interest in this area.

D u l l e s World Prop-erty (“Dulles”) is presently in the Tax Court deciding on the merit of a 1031 Ex-change en-tered into in

December 2007. Pursuant to an Exchange Agreement between Land America (1031 Exchanges Services, Inc.), QI and Dulles, the parties agreed that the QI would sell the land owned by Dulles World Center, a related company. The QI would receive the net purchase price proceeds and the QI then used the proceeds to purchase the re-placement property on behalf of Dulles in accordance with 1031 Exchange. The transaction seemed to meet all the require-ments of a 1031 Exchange.

Dulles was audited by the Internal Revenue Service (“IRS) and adjustments were made for 2007 denying the use of the 1031 Exchange for the following reasons:

1. The transaction had no non-tax business purpose;

2. Substance over form;3. The transaction did not

change the parties’ economic interest;

4. The transaction terms were not arm’s length; and

5. The parties contractually bound each other to respect the form of the transaction.

IRS PositionThe IRS felt the transaction

was a sham and had no real business purpose other than to avoid the gain on appreciated real estate which was owned by foreign entities.

Our Analysis and OpinionUpon our review of the Dulles

Tax Court Case, we feel there are a number of issues which the IRS has addressed and have a good chance of prevailing. We feel that Dulles may have violat-ed a number of 1031 Exchange provisions and related rules. Essentially, what occurred in this matter was a sale of ap-preciated U.S. real estate owned by foreign corporations followed by a distribution of the proceeds of the foreign corporation stock through a QI.

Specifically, the provisions that may have been violated

were:1. The transaction lacked

business substance over form;2. The transaction was moti-

vated by tax consideration;3. There were no non-business

purposes;4. This was a non arm’s length

transaction;5. The transaction lacks a real

potential for profi t;6. Boot (cash) was received;

and7. The transaction violates

IRS Notices 2001-16 and 2008-111, in which the assets of a corporation are sold follow-ing the purported sale of the corporation’s stock.

Bottom LineThe IRS may well prevail in

the Dulles case. But, in our opinion, this does not mean that a properly structured real estate sale cannot avail itself of the benefi ts of a 1031 Exchange.

If you own real estate and want to effectuate a 1031 Ex-change and avoid the above pit-falls, you should seek sound tax advice before you engage in any 1031 Exchange transaction.

Ralph J. Anderson CPA, MST is a practicing CPA at Green & Co. His practice strengths are personal and corporate tax planning, real estate, investment partner-ships, hedge funds and high net worth individual tax planning. He has industry expertise in real estate, in-

dividual taxes and estate planning. He is a licensed Certifi ed Public Accountant in New York, New Jersey and Florida. He also has his Securities License, Series 7, 63, 66 and a license for Life and Health Insurance.

Leonard C. Green, CPA, MBA is president and found-er of The Green Group, a tax and financial services consulting fi rm. He has been an owner of real estate com-mercial properties for al-most 40 years. Mr. Green has appeared on many fi nancial news programs and teaches two of the most highly rated entrepreneurial classes at Babson College. ■

Leonard Green Ralph Anderson

At one time, owning prop-erty provided landlords with a steady income stream. How-ever, in these trying times, many real estate owners and developers are holding commer-cial real estate longer than they had originally planned. They have had to lease the property to a business, but due to our struggling economy, many of these tenants have gone out of business and vacated the premises.

Any original structural costs that were made in entering the lease are just sitting there, lit-erally and fi nancially, and there may be hidden tax savings. Let me explain: For income tax pur-poses, these tenant improve-ments are being depreciated over 39 years even though the lease was for a shorter term. So these improvements are being depreciated even though the property is vacant or has been renovated to a new ten-ant. This leads to double tax depreciation for the landlord on the vacant improvements as well as improvements for the new tenant.

Several years ago, tax laws were changed as Congress felt that the costs that relate to the leasing of property should not be recovered beyond the term of the lease to the extent those costs do not provide a fu-ture benefi t beyond such term. Thus landlords can write off any improvements they paid for when the improvements are abandoned, even if the disposed items are structural, i.e. fi t up costs. In order to take

advantage of this deduction, the landlord must be able to account for those costs that are fi t out costs from the other structural costs.

New Tenant, New Renovations

Now a new tenant is look-ing at leasing a space that needs improvements and they are requiring the landlord to spend money to make such improvements. Those renova-tion costs are built into the new rent in the form of higher rent. If certain conditions are met, the owner can expense all these costs this year. For 2011, eligible property can be fully depreciated in 2011 under the bonus depreciation rules. Eli-gible property includes Quali-fi ed Leasehold Improvements (QLI). To qualify as QLI, the improvements must be made under a lease agreement, the improvements must be made to the interior of the space (not common area), the build-ing must be at least 3 years old, and the tenant cannot be related to the building owner. The space also needs to be oc-cupied by year end to qualify for the 100% bonus depreciation. If the tenant occupies the space in 2012, the bonus depreciation decreases to 50% with the bal-ance depreciated over 15 years. It should be noted that there is talk in Congress to retain 100% bonus depreciation in 2012, as well. It should also be noted that tenants are eligible to take advantage of bonus deprecia-tion for building owner QLIs. Building owners that make

improvements to attract ten-ants are not QLI since they are not costs pursuant to a lease. Those costs are depreciated over 39 years!

Financing QLI PropertyOne interesting play on bo-

nus depreciation is that eligible property can be fi nanced. The landlord can fi nance the costs of the tenant fi x up costs and the fi x up costs can still qualify as QLIs and bonus depreciation. With the low interest rates, this can further enhance yields to building owners.

Tenant Allowances Certain tenants may also

wish to fi x up their space and have the landlord pay for the costs. These landlord payments may qualify as QLIs and bonus depreciation provided certain conditions are met. Under the tax rules, there is a safe harbor that the IRS issued, and if met, the landlord payment to the tenant can qualify as QLIs. Under the safe harbor, the lease term cannot be greater than 15 years, the tenant must use the money to construct or improve the real estate for use in the tenant’s business at that loca-tion, and the allowance must be documented in the lease before the payment is made. If the safe harbor is not satis-fi ed, then the landlord will be required to amortize the costs of this allowance as opposed to expensing it in 2011.

Building owners that enter into new leases should review these rules to understand and take advantage of the tax ben-efi ts. ■

By Barry Sunshine, CPA, Tax Partner

Tax Savings Strategies For Landlords


How does your accountant compare?

Partner has an M.B.A. from NYU, OPM graduate of Harvard Business School

Successful Record of Representation in IRS Audits

Publishes articles on taxation in major newspapers and magazines

Appearance on CNBC as an expert

Partner owns and operates many real estate properties

Call Us To Set Up A Free Consultation To See How We Can Help You!

Our Firm Your Accountant

√

900 Route 9 • Suite 601 • Woodbridge, NJ 07095 • Phone (732) 634-5100 • Fax (732) 634-8602 Email: [email protected] • Web: www.greenco.com

“The Green Group is proud to be a part of the Mid Atlantic Real Estate

Journal’s 9th Annual Tax/Insurance Spotlight”

√√√√

GIVE US A RUN FOR YOUR MONEY


http://www.greenco.com



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

NJ-PA-DE-NY-MD-VA

★ ★ ★ ★ ★ ★ ★ ★ ★

AREA Auctions461 North 3rd Street

Philadelphia, PA 19123215.821.1441 888.527.0401

Fax: 215.279.8829

www.AssociatedAuctioneers.com

PENNSYLVANIA VIRGINIAPA-MD-VA-W.VA

CALL NOW

FOR A FREE CONSULTATION

866.4 BIDDERS

HURLEY AUCTIONS

www.HURLEYAUCTIONS.com

P U B L I C R E A L E S TAT E AU C T I O N

COMMERCIAL

www.AuctionBrokers.net410-426-2622

MARYLAND

MID ATLANTIC REAL ESTATE JOURNAL AUCTIONS

Dixon’s Auction House2426 New Dorset Circle, Powhatan, Va.Auction Every Wed. At 4pmLive In Gallery & Live Webcastalso Online only Auctions

We Sell On Consignment—Estates, Gold, Silver, Autos,

Tools, Collectibles, Jewelry, Coin’s,Paper Money, Antiques, Real Estate,

Land Or Any Thing Of ValueONE CALL DOES IT ALL

804-683-0133www.dixonsauction.com

PLACE YOUR BUSINESS CARD IN OUR AUCTION DIRECTORY TODAY! COMPANIES SPECIALIZING IN COMMERCIAL/INDUSTRIAL REAL ESTATE CAN PROMOTE THEIR COMPANY

AND ITS SERVICES IN OUR TWICE MONTHLY DIRECTORY

PLEASE FILL OUT COUPON BELOW AND FAX IT TO 781-871-5299OR EMAIL [email protected]

Name:

Company:

Address:

CIty:

State: Zip Code:

Phone #: Fax #:

Email: Web Address:

1-800-584-1062 • Fax 1-781-871-5299 • [email protected]

http://www.AssociatedAuctioneers.com

http://www.HURLEYAUCTIONS.com

http://www.AuctionBrokers.net

http://www.dixonsauction.com





TERMS: Deposit: $3,000 due at time of sale. Cash, certified funds, personoal or business check with ID. 30-day settle. 10% BP. Broker co-op invited. See website for addtl terms. *Sale on Premises. Auctioneer -Charles Parrish L# A-351

8631 Church Ln, Randallstown, MD 21133

10,800 sq ft +/- lot w/ house contiguous to Liberty Plaza where a new Walmart store has been approved for 2012 on Rt 26, Liberty Rd. Commercial zoning BM (Business Major.)

Charles Parrish 443-253-3886

SATURDAY, JANUARY 7TH @ 10AM

410-426-2622

P U B L I C R E A L E S TAT E AU C T I O N

COMMERCIAL

www.AuctionBrokers.net

Opportunity for a Variety of Businesses!

http://www.AuctionBrokers.net

DELMARVA REAL ESTATE JOURNAL


REAL ESTATE JOURNAL Mid

Atlantic

C

ROCKVILLE, MD — Street-sense, an integrated broker-age, design, branding, and development company, has leased and designed a new 12,000 s/f showroom for in-ternational luxury tile and home design products retailer Porcelanosa. The showroom at 11500 Rockville Pike in Rock-ville, MD will host a grand opening on November 17, 2011 with Argentine supermodel Valeria Mazza, celebrity chef Jose Andres, and other invited guests.

Streetsense’s Jeff Pollak and Kelly Silverman repre-sented the landlord in the lease transaction; JBG Retail represented Porcelanosa. Dar-ius Sarraf led the Streetsense team in designing the space.

“Porcelanosa had a pro-totype showroom design in place, but details and modi-fi cations were needed,” said Herb Heiserman, Manag-ing Principal, Streetsense. “We created a contemporary, clean look with a minimalist backdrop that will highlight their tile displays. We added an exterior canopy and other outside enhancements.”

Founded more than 30 years ago in a small Spanish village, Porcelanosa has grown to become a global leader in the innovation, design, manufac-ture and distribution of tile, kitchen, and bath products for both the architectural and de-sign community as well as ho-meowners. Today Porcelanosa has more than 400 company-owned showrooms, distribu-tion centers, and retailers in

Luxury tile retailer Porcelanosa

Streetsense leases & designs 12,000 s/f showroom

70 different countries. The 2003 opening of its interactive showroom in New York City was attended by celebrities including John Travolta and Carolina Herrera.

Streetsense is an integrated brokerage, design, branding, and development company specializing in retail and real estate. Established in 2001, Streetsense is the premiere and only truly full-service, retail-centric company in the real estate market today. Its powerful platform provides clients with an extremely wide range of services, including master planning, architecture, retail design, retail brokerage, development, and a full-ser-vice marketing studio that includes branding, graphic design, publicity, social media outreach, and more. Clients include well-known brands such as Chipotle, Starbucks, Maggiano’s Little Italy, Plow & Hearth, and Limited Brands, as well as real estate develop-ers that include the The JBG Companies, Vornado/Charles E. Smith, and Akridge. Recent projects include interiors for Matchbox in Rockville, MD (plus a ground-up building pad site), Pi Pizzeria in Wash-ington, D.C., Chipotle’s new concept Shophouse in Wash-ington, DC, and Café Caturra in Arlington, VA; offi ce space design for Living Social in Washington, DC; and develop-ment of The Shoppes at Arts District, a 36,000 s/f specialty center will be the focal point of Arts District Hattsville, MD. ■

Porcelanosa showroom, 11500 Rockville Pike

OLUMBIA, MD — New Boston Fund, Inc., a private real estate in-

vestment, development and management fi rm, announced today that it has purchased Ste-vens Forest Green, an 84,300 s/f Class A offi ce building located in Columbia, Md. New Boston purchased the property from LNR Partners, LLC.

Completed in 2002, Stevens Forest Green is 83 percent leased with a strong tenant roster that includes Energy Solutions, Inc.; Meridian Medi-cal Technologies, Inc.; Johns Hopkins Community Physi-cians; Xerox, Inc.; Patapsco Eye MDs LLC and HR Anew, Inc. There is an additional 14,650 s/f currently available for lease across three suites on the sec-ond and third fl oors. Sixty-fi ve percent of the building is leased to credit tenants on long-term lease agreements.

“The acquisition of Stevens Forest Green adds a well-lo-cated Class A offi ce building to the Fund VII portfolio at below replacement cost,” said Patrick Shooltz, Senior Vice President and Regional Director, for New Boston Fund’s Mid-Atlantic re-gion. “Stevens Forest Green is a terrifi c addition to our portfolio providing New Boston with the opportunity to do what we do best: utilize our vertically integrated team to meet the needs of our existing tenants,

lease vacant space to new ten-ants and stabilize the property to create signifi cant value and return to our investors.”

Stevens Forest Green is located in the Hillside Execu-tive Park at the interchange of Route 29 and Broken Land Parkway, a central location in the Baltimore Washington Cor-ridor. Its strategic location in the South Columbia submarket gives the property access to a wide range of amenities includ-ing The Mall in Columbia that offers more than 200 stores and restaurants.

New Boston Fund is com-mitted to investing in the Bal-timore-Washington corridor. The Stevens Forest Green property is a strategic invest-ment based on the job growth and economic benefits that

the region is receiving under the federal government’s Base Realignment and Closure Act (BRAC). Under BRAC, the federal government is relo-cating thousands of jobs and signifi cant investments to Fort Meade and the National Secu-rity Agency, all within a fi fteen minute drive of the property.

James Wellschlager and Jonathan Carpenter of Cas-sidy Turley represented the seller in the transaction; New Boston was self-represented by John Thompson and David Langol, both vice presidents in New Boston’s Mid-Atlantic re-gional offi ce. The property was acquired through New Boston Fund VII, a $212 million value-add, closed-end fund. New Boston Fund does not disclose acquisition or sales prices. ■

3-story building consists of 84,300 s/f of offi ce space

New Boston Fund acquires Stevens Forest Green

Stevens Forest Green

ARLINGTON, VA — FD Stonewater, an Arlington, VA based operating, development and advisory company and The Roseview Group (Roseview), a Boston, MA based institutional real estate investment and ad-visory fi rm, announced today that they have jointly formed a fund to invest exclusively in real estate property assets fo-cusing on federal government tenancy. The fund will pursue build-to-suit development, re-development, and opportunis-tic repositioning of real estate projects at domestic locations nationwide. Roseview’s invest-ment in the fund is backed by a separate account investment relationship with a major cor-porate pension fund.

The fund will leverage FD Stonewater’s extensive fed-eral government investment, development, and leasing ex-pertise. The principals of FD Stonewater have completed more than 40 million s/f of leas-ing transactions, more than 12 development projects contain-ing nearly one million square feet of federal government occupied space, and have par-ticipated as key principals in previous investment platforms targeting federal government occupancy.

Roseview brings extensive experience to the partnership as well. The partners have led investment companies, launched funds, raised and in-vested billions of institutional

capital, worked in and with family offi ces as well as public and corporate pension funds, and established a track record of success with a great level of integrity.

.“The FD Stonewater team brings decades of federal gov-ernment real estate invest-ment experience and detailed knowledge of the government’s complex real estate procure-ment process. Coupled with our own investment expertise and experience in partnering with entrepreneurial fi rms like FD Stonewater, we are confi dent that this team will deliver ex-ceptional risk-adjusted returns to our investors,” said Vincent Costantini, Managing Partner at The Roseview Group. ■

FD Stonewater & The Roseview Group form investment fund


DELMARVA

EW CASTLE, DE — NAI Emory Hill announced the sale

o f 7 0 , 0 0 0 s/f of office space at 101 B e l l e v u e Parkway in Wilmington to Berkley Technology Services, a subsidiary of W. R. Berkley Corporation, a multi-billion-dollar Fortune 500 company. The building acquisition was facilitated by Tripp Way, principal of real estate company NAI Emory Hill. The new data center will be open early next year.

The move, which refl ects the fi rm’s growth and expan-sion in Wilmington, is ex-pected to create 17 new jobs

by December 2013 according to the Delaware Economic Development Offi ce (DEDO).

In July 2011, B T S w a s awarded a $ 4 3 3 , 5 6 8 grant from the Delaware S t r a t e g i c Fund to sup-port capital

expenditures and create jobs at the site. BTS currently employs 63 people in Delaware. The new jobs will include technical and helpdesk support, com-puter engineers and senior

managers. “We’re pleased Berkley

Technology Services (BTS) is expanding its operations in Delaware and will create new jobs,” said Alan Levin, director of the Delaware Eco-nomic Development Office. “We worked with Emory Hill to help the company make the move possible, one that will support the company’s growth and contribute to our

state’s economic future.” Founded in 1967, W. R.

Berkley Corporation is an insurance holding company that is among the largest commercial lines property and casualty insurance writ-ers in the United States.

NAI Emory Hill is a division of the Emory Hill Companies, which is celebrating its 30th anniversary of serving Dela-ware and the Mid-Atlantic

region providing real estate services including commer-cial brokerage, construction, property management, main-tenance and residential real estate sales.

The Delaware Economic Development Office is an executive state agency re-sponsible for attracting new investors and businesses to the state, promoting the ex-pansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the State. ■

N

70,000 s/f sale of offi ce space at 101 Bellevue Parkway

Way of NAI Emory Hill sells to Berkley Technology Services, a Fortune 500 fi rm

WILMINGTON, DE — Wilm-ington-based developer The Buccini/Pollin Group, Inc. (BPG) will expand its resi-dential community of rental properties known as “The Residences” and build a new 116-unit luxury rental com-munity, as they commence Phase II of their successful Justison Landing develop-ment.

Across BPG’s existing three luxury apartment communi-ties in The Residences fam-ily, occupancy rates are at a minimum 95% and retention rates are exceeding industry benchmarks. There contin-ues to be increasing demand for urban living in Wilming-ton, Delaware, as renters prefer rental communities within walking distance to Wilmington’s various corpo-rate headquarters and cen-trally-located train station. The new community, to be built at 401 Justison Street, is the next step towards re-alizing the master plan that is Justison Landing, a live-work-play environment on Wilmington’s Riverfront.

The Justison Landing proj-ect will begin early 2012 and is expected to be completed by spring of 2013. The fi ve-story building will be comprised of one- and two-bedroom units, each with a full bath and kitchen and many with bal-conies offering scenic views of the Christina River. ■

Tripp Way Alan Levin

“We worked with Emory Hill to help the company make the move possible, one that will support the company’s growth and contribute to our state’s economic future.”

Buccini/Pollin Grp. to add on 116-units

TheBESTof 2011

You are invited to participate in MAREJ’s “BEST of 2011”Mid Atlantic REAL ESTATE JOURNAL will be hosting a “Best of the Best,” a “Who’s Who” of owners,

brokers, developers, architects and financial institutions within the commercial real estate community.

MAREJ will be compiling information and selecting the:Largest office, Industrial & Retail Transactions of the Year

Best Shopping Center Development of the Year 4 Best Developer of the Year

Best Financial Institution 4 Largest Financial Transaction of the Year

Top Brokers List 4 Top Owners List

Most Innovative Architect 4 Best Renovation Project

Help us select the Best of 2011!Send in your submissions today or call for an application form

800-584-1062 FAX: 781-871-5299 Email: [email protected]’s Best of 2011 is a juried competition based on submissions and nominations from MAREJ’s commercial real estate community. Winners will be selected based on company size (# of employees)

and size of the deal/transaction. Top brokers will be selected based on largest deal for 2011. Submissions from Mid-Atlantic states will be judged in separate categories. All are welcome to participate.

9th Annual Special Editionspotlighting . . .

The Final NominationDeadline is January 15, 2012

Receive a nomination form by e-mailing [email protected]

or by calling 800-584-1062...



ARLINGTON, VA — Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it arranged the sale of One Virginia Square a 100 percent leased Class A offi ce building in Arlington, VA. Bill Collins, Paul Collins, Drew Flood, James Cas-sidy and Jud Ryan of Cassidy Turley represented the seller, TIAA-CREF. LaSalle Invest-ment Management acquired the property.

One Virginia Square is located at 3601 Wilson Boulevard in the Rosslyn-Ballston Corridor of Arlington. The 116,077 s/f, 6-story offi ce building is adjacent to the Virginia Square Metro station (Orange line), provid-ing direct access to downtown Washington, DC and several major thoroughfares. The prop-

100 percent leased Class A offi ce building

Cassidy Turley arranges sale of One Virginia Sq.

A

DELAWARE, MD —Real Estate Forecast Luncheon - Union League, January 10, 2012. Speaker Columnist Gene Marks of the New York Times, Forbes, Business Week and American City Business Journals on How Today’s Current Events Impact Tomorrow’s Profi ts.

This annual real estate luncheon is jointly sponsored by IREM® Delaware Valley Chapter, the Apartment Asso-ciation of Greater Philadelphia (AAGP), BOMA Philadelphia and TriState REALTORS® Com-mercial Alliance. Guest speaker Gene Marks writes weekly on political, economic and cultural events that affect small and medium sized business owners. In addition to his columns and blogs, Marks has written five best-selling books on small and medium-sized business manage-ment. He frequently appears as a commentator on FOX Business, MSNBC and CNBS and has

worked with multiple Fortune 1000 companies, helping them build relationships with the small business community.

IREM is an affi liate of the Na-tional Association of REALTORS (NAR®) and the only profes-sional real estate management association serving both the multi-family and commercial real estate sectors.

IREM Delaware Valley Chap-ter No 3 serves 29 counties in Eastern Pennsylvania and the entire state of Delaware and for the past fi ve years has earned special recognition within IREM as a Five Star chapter for pre-senting programs and activities designed to provide outstanding service to its membership.

Registration for the Real Es-tate Luncheon: 11:30 am – 12:00 pm, lunch: 12:00 pm followed by Program. Cost: $65.00 Members/ $80 Non-Members.

Registration deadline: Friday, January 6, 2012. ■

Annual Real Estate Forecast Luncheon

s your lease expiration date approaches, you will need to decide if

you want to remain in your current facil-ity or move to an alterna-tive location. This article will highlight some of the key issues for consideration in dealing with a lease renewal, so that you can achieve the best possible outcome for your business.

Give Yourself Plenty of Time It is important to have “time on your side” to insure that you are not forced into a bad negotiat-ing position or an operational dilemma in the event that you fail to secure a renewal of your lease. As a guide, we suggest that 12 months before your lease expiration date (do you know when that is?) you should be reviewing your real estate needs and developing an appropriate strategy.

Remember that while you may want to remain in your current space, a relocation may be forced upon you, should the landlord have other plans for the space (such as accommodating an ex-panding tenant in the building), or if you can’t agree upon accept-able terms for the new lease. Therefore, you should leave enough time to fi nd alternative premises in the event that you are unable to renew your lease for whatever the reason may be – a 6 to 9 month lead time is usually a reasonable period in which to identify, secure and get operational in a new facil-ity, although this may vary depending upon the amount of construction work required. Try to secure your lease renewal at least 6 to 9 months before your lease expiration date.

If your lease renewal is pursu-ant to an option in your exist-ing lease, then there are often strict notice periods – typically, you can expect the landlord to require 6-12 months written notice of your intent to renew the lease. If you miss providing the landlord such notice, then your right to a renewal will likely be lost.

Understand Your Negotiating Position: Like any negotiation, the better informed you are about your position and that of the other party (in this case your landlord), the greater will be your chances of achieving the outcome you desire. To make

erty is also proximate to a variety of shops, restaurants, hotels and public parks. Built in 1999, One Virginia Square is 100 percent leased to System Planning Corporation through 2021. TIAA-CREF is a national fi nancial services organization with $440 billion in combined assets under management (as of 9/30/11) and is the leading provider of retirement services in the academic, research, medi-cal and cultural fi elds.

TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offi ces nationwide. ■

One Virginia Square

such informed decisions, it will be crucial to create an appropri-ate team that includes a cor-porate real estate advisor and a real estate attorney. This is important as you will then have a team that will be looking out for your best interests, because the landlord (and his agent) will be looking after the landlord’s interests, not yours.

A good corporate real estate advisor will be able to negotiate effectively on your behalf with the landlord, advise you as to market conditions and values as they relate to your space, and also identify suitable alter-natives in other buildings (and not just those owned by your landlord). This preparation will give you strong negotiating leverage and may also be needed in the event you are unable to renew the lease on acceptable terms. A good attorney will be able to evaluate the terms of any new lease and also provide pragmatic legal advice.

The New Rental Rate: Un-less pre-determined under any renewal option in the current lease, then the new rental rate will be determined by negotia-tion between the landlord and the tenant. Sometimes an option clause may specify the rental rate, but usually the clause describes a formula that is often related to market value, e.g. 95% of fair market value, although this may be negotiable as well.

Your corporate real estate advisor will be able to provide the relevant market data to establish what would be an appropriate market rental rate for your space, taking into ac-count the negotiating leverage available to you and trends in the marketplace. Beyond the “threat” of moving elsewhere, the basic leverage you have if you stay put results from: 1) the landlord avoids any loss of in-come during the vacancy period during which he must market the space to secure a new ten-ant for your space, and 2) if you will be utilizing the space “as is”, then the landlord may be saving considerable money because he will not incur the costs of any improvements for a new tenant. Conversely, the landlord will be trying to offset the value of these items to you, against the costs of moving your business and the associated “hassle factor” involved in any relocation.

Some Other Issues to Con-sider: When renewing an ex-isting lease, hopefully most of the documentation will still be

acceptable as it was previously agreed upon. As a result, a lease renewal document is often in the form of an addendum to the existing lease, with a descrip-tion of the new rent. However, there may be other terms and conditions that need to be rene-gotiated or inserted, to refl ect current market conditions. The following are a few items worthy of consideration:

1) Base Year: The base year should be updated at least to refl ect the year in which the new lease is signed or due to com-mence. Otherwise, signifi cant “hidden costs” may result.

2) Security Deposit: If you have a credible record with the landlord for the payment of your rent during the previous lease, then you might be able to reduce the size of any security deposit the landlord is holding

.3) Improvements: A lease re-newal is a good time to negotiate with the landlord to carry out the desired work to improve the premises. If none is required, then you should try to get the landlord to discount the market rent to refl ect the savings he has made versus leasing space to a new tenant.

4) Expansion Rights: If you have established a good track record with the landlord dur-ing the previous lease and have future expansion plans, then you should try to achieve expan-sion rights to other space in the building.

5) Legal Review: Have your attorney review the lease to identify any onerous terms that need to be revised or brought up to date to refl ect current market conditions. In particular, exam-ine the sublease and assignment clause, as this will impact your ability to reduce your fi nancial obligations in the future, in the event the space is no longer suit-able for your business.

6) Renewal Option: To insure fl exibility in the future at the end of the new lease, try to secure an option to extend the lease at the end of the term.

In conclusion the expiration of an existing lease may present both challenges and opportuni-ties for many tenants. To insure that you can take advantage of the opportunities and minimize the risks, it is advisable to plan well ahead of your lease expira-tion date, form an appropriate advisory team to represent your interests with the landlord and then take timely action to insure that you can secure the right space on the best possible terms for your business. ■

Debra Stracke Anderson, Sloan Street Advisors

A tenant’s guide for a successful lease renewal

Debra Stracke Anderson

DELMARVA


n the third quarter of 2011, Broad Street has completed 22 com-

mercial real estate transac-tions in the Washington, DC/Maryland/Virginia region, representing various com-panies and organizations in lease negotiations of nearly 100,000 s/f. Some of the larger transactions include:

Chris Coccaro and Michael Jacoby represented Fitness First Health Clubs in their lease of 25,000 s/f located at 7430 New Technology Way, Frederick, MD.

Chris Coccaro and Jeff Massie represent Fitness First of Tysons, LLC in their expansion of 19,155 s/f lo-cated at 8150 Leesburg Pike, Vienna, VA.

Haze McCrary, Dave Bel-ford, Jessica Neumer and Del Early represented Ad-vantage SCI, LLC in their lease of 8,367 s/f located at 1725 Duke Street, Alexan-dria, VA.

Haze McCrary and Dave Belford represented Salsa Labs, Inc. in their lease of 7,593 s/f located at 11410 Isaac Newton Square, Res-ton, VA.

Haze McCrary and Dave Belford represented Greater Washington Board of Trade in their lease of 6,500 square feet located at 2101 L Street, NW, Washington, DC.

Chris Coccaro and Jeff Massie represented Golden Key Group, LLC in their lease of 4,796 s/f located at 11400 Commerce Park Drive, Reston, VA.

Chris Coccaro and Jeff Massie have leased 4,128 s/f to American Management of

In the third quarter of 2011

Broad Street completes 22 Commercial Real Estate transactions

IVirginia, Inc, and have re-newed Liberty Mutual Insur-ance Co’s lease of 2,832 s/f, both located at 7900 Sudley Road, Manassas, VA.

Chris Coccaro, Jeff Massie and Nick Finelli represented Niklas Associates, Inc. in their lease of 2,369 s/f located at 201 N. Charles Street, Baltimore, MD.

Chris Coccaro and Bill Feller have renewed Taco Bell’s lease of 2,304 s/f lo-cated at 1086 W. Patrick Street, Frederick, MD, on the Golden Mile.

David Krucoff and Erinn

Torres represented Woods, Morris & Callahan in their lease of 1,765 s/f located at 4915 St. Elmo Avenue, Bethesda, MD.

Broad Street is a market-leading commercial real es-tate services fi rm that has extensive experience in ten-ant representation, landlord representation, property acquisition and disposition, real estate development, project/construction man-agement, fi nance, strategic consulting, property man-agement and asset manage-ment. ■

tenant improvement money. It felt like a small price to pay, however, given that the Servicer had left a priceless gift for the Borrower – his Property - wrapped in a 40% plus discounted payoff.

Around this magical time of year, look deep into your soul and acknowledge those CMBS mistakes you’ve made. Be aware of the pitfalls suf-fered by many a CMBS Bor-rower before you. Remember, every holiday gathering has at least one “crazy aunt or uncle” and perhaps, if you can’t identify who that person is, it’s YOU.■

Continued from page 2A2011 CMBS. . .

1725 Duke Street, Alexandria, VA


MID ATLANTIC REAL ESTATE JOURNAL



Auctioneers Directory


POLAND: Fully Approved, Mixed-Use, Real Estate De-velopments; Hotels, Com-mercial, and Residential in downtown Warsaw, / Kracow, and World Class development in Gdansk. Also, Fully Ap-proved Wind Farm Projects - Government sanctioned and committed. Active participa-tion welcomed and encour-aged. Contact either Roman Ryba; [email protected] or Carl Miller; [email protected]. ■

LAINFIELD, NJ — A private investor and long-time Gebroe-Ham-

mer Associates client has ac-quired a nine-building, 182-unit multi-family portfolio note in Plainfield, N.J. Executive Vice President David Jarvis and Steven Tenenbaum, assis-tant vice president, identifi ed and represented the buyer in the $7.525 million trade with a prominent New York bank.

“This particular portfolio attracted widespread investor interest. In addition to the discounted pricing, it was an atypical opportunity to acquire well-built buildings, within a few blocks of each other, that have tremendous reposition-ing potential. Our client, who has other holdings in the area, plans to implement several upgrades to bring each prop-erty up to competitive market rates,” said Tenenbaum, who has closed over $39 million in note and bankruptcy sales dur-ing the last 30 months in Plain-fi eld alone. He has represented 751 units on behalf of various major lending institutions.

The properties, ranging from mid-rise to garden-apartment-style buildings, are well-located in the heart of this Union Coun-ty city near shopping, schools, public transportation and ma-jor highways. Nicknamed the “Queen City,” Plainfi eld has two NJ Transit rail stations along the Raritan Valley Line and Amtrak service is available at Metropark, just six miles away. The city also is served by NJ Transit bus lines offering direct links to Port Authority Bus Terminal, Newark and other local routes.

Tenenbaum, who has repre-sented the buyer in the acqui-sition of more than 300 total units throughout Plainfield prior to this transaction, says

David Goldfi sherThe Henley Group, Inc.

O: 508-318-6520M: [email protected]

CMBS Loan

$7.2 Million Industrial

NortheastDISCOUNTED PAYOFF

CMBS Loan

$12 MillionWarehouse Portfolio

NortheastDISCOUNTED PAYOFF

CMBS Loan

$16 MillionOffice Park

MassachusettsDISCOUNTED PAYOFF

Loan Write-Down exceeded 50%

CMBS Loan

$8.5 MillionAnchored RetailMassachusetts

LOAN MODIFICATIONA/B Note Structure

Workout Advisory for CMBS Loans

No Default Mulitple States

the city’s strong working-class demographic and urban setting yield strong market fundamen-tals. Located in Central New Jersey on the southwestern edge of Union County, Plain-field’s population has soared to an all-time high of 49,808, based on 2010 U.S. Census data.

According to Gebroe-Ham-mer’s brokerage professionals, average rents for the area range from $850 for a one-bedroom to $1,200 for a three-bedroom unit. Occupancy rates are at approximately 95 percent.

“In the past few years, Ge-broe-Hammer has sold close to $100 million in note and Sec. 363 Bankruptcy sales for several major banks and debtors-in-possession,” said Ken Uranowitz, managing director. “We are currently the exclusive broker for a major New York bank involving the sale of 12 multi-family notes throughout New Jersey. In this particular case, the note sale closed one week prior to the Sherriff ’s Sale, at which the buyer was able to acquire the deed quickly.” ■

Private investor acquires 182 units in the heart of Plainfi eld, NJ

Gebroe-Hammer Associates arranges trade of distressed nine-building portfolio

P

744 Watchung Avenue, Plainfi eld, NJ

Poland Dev.



http://www.thehenleygroup.com



ASHINGTON, DC — A communica-tions and technol-

ogy law fi rm is remaining at its long-time L Street location after inking a multiyear deal recently completed by execu-tives at West, Lane & Schlager (WLS).

The Washington, D.C.-based commercial real estate broker-age firm, which exclusively represents tenants, announced that it has negotiated an 11-year lease extension of 13,153 s/f of space at 2001 L St., NW, on behalf of Levine Blaszak Block & Boothby (LB3).

In this transaction, WLS principal Rich Lane and com-pany vice president Matt Levin, LEED AP, represented LB3. The law fi rm’s new lease begins on May 1 of next year at the 10-story, 153,000 s/f building situated at the corner of 20th and L streets, owned by Dweck Properties.

The partners of LB3 consid-ered a relocation, but ultimately moving was less economical than staying, Levin says, add-ing that his client received fa-vorable terms from the landlord in its new lease.

“LB3 wanted space with a lot of windowed offi ces and is in a south-facing building with ample natural light,” he says.

West, Lane & Schlager negotiates for law fi rm

Levine Blaszak Block & Boothby in 13,153 s/f leaseW

“After looking at other possible locations and weighing the pros and cons of a move, it became clear that staying at 2001 L St., NW, was our client’s best option.”

Kevin DiLallo, a LB3 partner, says that his fi rm’s real estate committee “thoroughly enjoyed” working with WLS, and he noted their extensive market knowledge and understanding of landlords’ different business priorities and unique styles.

“Our practice centers on com-plex contracts and their sug-gestions for clauses and deal terms showed a great deal of insight and experience – they

were neither unrealistically aggressive nor unnecessarily timid,” DiLallo says of Lane and Levin. “The process was seamless and well run from beginning to end.”

He adds, “We interviewed several fi rms, and, while we met a number whom we felt had the experience and knowledge we were looking for, no one else connected with us on a personal level like Rich and Matt. They both have a unique gift for understanding a client’s needs, objectives and challenges, and working to accommodate them in a cooperative, responsive way.” ■

2001 L St

Innovative solutions and deep expertise for all of your commercial real estate financing needs.

northmarq.com

DEBT | EQUITY INVESTMENT SALES

CapitalMarkets

NEW JERSEY | PHILADELPHIABALTIMORE | UPSTATE NEW YORK

33 offices coast-to-coast

HERCMAN PROPERTIES

CContact: Steven Hercman 609-689-4670 [email protected]

• 333,000 SF Divisible to 1,800 SF•EEasy Access to Route 1 & Route 295

• MMinutes from Princeton and Hamilton Train Station• CClose proximity to area hospitals•55 parking spots per 1,000 SF• CCompetitive Rates

Van Nest Office Park – Mercer County, NJNEW CONSTRUCTION - Class ‘A’ Office SpaceSecond Building in Office Park, First Building 100% Occupied

JANUARY 27..................................DEADLINE: JANUARY13MIDGRNSCODMSP

JANUARY 13............................. DEADLINE: DECEMBER 30MIDDMVNJPASP

2012 Media KitEditorial Calendar January—June

Front SectionDelaware, Maryland, VirginiaAtlantic, Cape May, Cumberland & SalemEastern PA2012 Forecast

Front Section 2012 Incentives/ProgramsMid Atlantic ICSC Conference & D.M.Building Services & SuppliersEconomic Development

»JANUARY

MAREJ JANUARY

EDITORIAL CALENDAR



PEOPLE ON THE MOVE

NEW BRUNSWICK, NJ— Michael McGuinness, CEO of NAIOP New Jersey, grate-fully accepted eight bags fi lled with back packs and school supplies from Ilene Jablonski, senior director of marketing and public relations for Mack-Cali Re-alty Corporation (pictured), who visited the Chapter’s New Brunswick offi ces with Mack-Cali colleague Kathryn Koserowski. The donation was in response to NAIOP New Jersey’s Tools 4 Schools Drive, continuing the Chap-ter’s partnership with the Community Food Bank of New Jersey (CFB).

In July, more than 50 Chapter volunteers and staff conducted a food drive and volunteer day to benefi t the Food Bank, spending a full day transporting, unloading, re-packing and stocking the shelves at CFB’s headquar-ters in Hillside, N.J. The Tools 4 Schools drive benefi ts the Food Bank’s “Kids Divi-sion.”

“The goal is simple – to improve the lives of chil-dren and break the cycle of poverty,” said McGuinness. “With classroom supplies, new clothing, and kid-friend-

Mack-Cali donates school supplies for NAIOP New Jersey Tools 4 Schools Drive

HILADELPHIA, PA — Suzanne Ilene Schiller and Kate Campbell, liti-

gation part-ners with the environmen-tal, energy and land use law and liti-gation fi rm of Manko, Gold, Katcher & Fox, LLP (MGKF), will participate on a panel on “Medical Moni-toring & Toxic Tort Claims: Preparing for the Future in a Post-Dukes Environment” for the American Law Institute-American Bar Association . With Schiller moderating, Campbell and the other pan-elists will discuss the current state of the law on medical monitoring claims, and will address whether and under what circumstances the class action vehicle is appropriate

for such claims. The panel will also look at the viability of medical monitoring if such

claims can-not be easily brought as class actions, but must in-stead be pur-sued as indi-vidual, sin-

gle-plaintiff cases.

The teleseminar will take place on Thursday, December 8 from 1:30 to 3:30 p.m. ET. .

Schiller concentrates her practice in the areas of real estate and complex civil liti-gation. She has represented Fortune 100 companies, lead-ing shopping center own-ers, commercial real estate developers, big box tenants, building contractors, and mu-nicipalities such as the City of Philadelphia.

Campbell focuses her prac-

tice on environmental, toxic tort, and class action litiga-tion, as well as on regulatory compliance matters particu-larly involving federal, state, and interstate water pollution issues. She has represented industrial and commercial entities, as well as closely held companies, in a variety of complex environmental litigation matters in federal and state court and in various administrative tribunals.

MGKF concentrates its practice in environmental, energy, and land use law and litigation. It represents clients ranging from Fortune 100 corporations to small, privately held enterprises, both in the Mid-Atlantic re-gion and on a national basis. MGKF was honored to be the top-rated law fi rm in the Top Workplaces 2011 survey by the Philadelphia Inquirer, Daily News and Philly.com. ■

P

To discuss the current law on medical monitoring

Partners Schiller & Campbell of MGKF participate on panel

Kate Campbell

CHANTILLY, VA —The Long & Foster Companies, parent company to Long & Foster Real Estate, Inc., the largest independent residential real estate company in the United States, is participating in its 21st year with the Marine Toys for Tots Foundation’s toy collection drive. In past years, Long & Foster has collected thousands of toys at its corpo-rate headquarters and many real estate offi ces throughout the company’s seven-state Mid-Atlantic region and the District of Columbia.

“We take great pride in being able to once again assist this worthy cause and to help give the needy children in our com-munities a happier holiday,” said Wes Foster, chairman of The Long & Foster Compa-nies.

The company’s participating sales offi ces are accepting dona-tions of new, unwrapped toys for distribution to children this holiday season. Long & Foster employees at the company’s cor-porate headquarters in Chan-tilly, Va., are also participating in the annual initiative, col-lecting donations in the lobby of its building located at 14501 George Carter Way.

Community members may also drop off new, unwrapped toys at neighborhood Long & Foster sales offices prior to

December 16. The U.S. Marine Corps Re-

serves Toys for Tots program began with a single campaign in 1947. All toys collected by Long & Foster offi ces are pre-sented to area Marines, who then distribute them to local churches, social welfare agen-cies and to less fortunate chil-dren throughout the company’s service area.

In 2010, Toys for Tots experi-enced one of its most successful collection years, collecting 16.7 million toys in all 50 states and Marines distributed these toys to 7.2 million underprivileged children. Last year, Long & Foster contributed to this by collecting thousands of new toys throughout the company’s Mid-Atlantic footprint.

“A top priority for Long & Foster sales agents and staff is to give back to the various com-munities we serve,” said Jeffrey S. Detwiler, president and chief operating offi cer of The Long & Foster Companies. “This is why our offi ces participate annually in the Toys for Tots drive, as they have for more than 20 years. Our agents and their clients have generously supported this cause and made it possible for us to continue our annual collection and share the holiday spirit with children who might not receive anything otherwise.” ■

The Long & Foster Companies participate in Toy for Tots for 21st year

Suzanne Schiller

Grubb & Ellis Company

Bond rejoins as VP, Director of Management

PHILADELPHIA, PA — Grubb & Ellis Company an-nounced that Greg Bond, CCIM, RPA, CPM, has rejoined t h e c o m -pany as vice p r e s i d e n t , d i rec tor o f management services for the Philadel-phia tri-state area. Bond is responsible for implementing policies and procedures related to the enhancement of clients’ real estate investments and maximizing growth and profi t-ability for the region. He is based in the company’s Phila-delphia offi ce.

Bond originally joined the company in April 2006 as a regional portfolio manager, and was transferred to Daymark Realty Advisors following the sale of the former Grubb & Ellis investment subsidiary in August. While with Daymark,

he managed the entire Philadel-phia region, as well as the East Coast and Midwest portfolios, totaling more than 6.5 million square feet of commercial real estate.

Bond has more than 25 years of collective commercial real estate experience throughout the Greater Philadelphia mar-ket. Prior to joining Grubb & Ellis, he held project and build-ing management positions at Brandywine Realty Trust, The Rubenstein Company, The Gal-breath Company and Jackson Cross.

Bond is a graduate of the Real Estate Institute at Temple University and earned a degree in business administration from Camden County College. In addition to the multiple pro-fessional designations he has received from BOMA, IREM and the CCIM Institute, Bond is also a licensed real estate sales professional with the states of Pennsylvania and New Jersey. ■

Greg Bond

ly meals, these children are given opportunities they might not otherwise have.

We are very grateful for Mack-Cali’s support of this effort.” ■

MID ATLANTIC BUSINESS CARD SERVICE DIRECTORY

INTERIOR PLANTING & DESIGN

George D. MacBethPresident

Northern New Jersey

P.O. Box 73 • Haworth, NJ 07641201.387.7997 • 201.264.3476 • Fax 201.387.7995

[email protected] ◆ www.foliagedesign.com

281451GMacBethBC.indd 1 8/11/08 12:24:30 PM

Ted C. Williams, P.E.Principal, Business Development

LandmarkJCM100 West Commons Blvd., Suite 301New Castle, DE [email protected]

New Castle, DE Headquarters|302.323.9377Dover, DE|302.734.9597

Georgetown, DE|302.854.9138Wayne, PA|610.687.1976

Havre de Grace, MD|410.939.2144

www.landmarkjcm.com302.323.9377

SITE ENGINEERING

RETAIL

ENVIRONMENTAL ENGINEERING

ENVIRONMENTAL

ENVIRONMENTALSYSTEMS

P.O. Box 1181, Pt. Pleasant, N.J.732-892-8707

EXPERTS IN ENVIRONMENTAL REMEDIATION

Groundwater Investigation &RemediationEnvironmental Phase I & IIAuditsOil Tank Testing/RemovalIndoor Air Quality/MoldTesting

NJDEP Permits -(Air, Water, Wetlands)Brownfields DevelopmentProfessional TestimonyStatewide ServiceGeoprobe ServicesISRA/ECRA

WWW.DEPENVIROSYSTEMS.COM

LAUNDRY SERVICES

Commercial Mortgages / Business LoansConstruction Loans / Workouts / Consulting

FowlerThe Commercial Laundry Specialists

www.fowlercompanies.com

Serving apartment communities since 1952 * Commissions - Sales - Service

Call Fowler today to find out howwe can make your laundry roommore profitable.

800-334-1824 X127

Make yourbusiness card work as

hard as you do

for more info

Call Linda Christman

781-871-5298/800-584-1062

ELECTRICAL CONTRACTOR

Phone: 732.360.9050

Fax: 732.360.0469

www.lunarelectric.com

� �RON GIAMBRONE PO BOX 777 OLD BRIDGE, NJ 08857� �COMMERCIAL RESIDENTIAL DATA/COM

EMAIL: [email protected] INSURED & BONDED

NJ LIC# 10775

ELECTRICAL CONTRACTOR, INC.

ENGINEERING

ASPHALT • PAVING • CONCRETE

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

JANITORIAL SERVICESCOMMERCIAL BANK


COMMERCIAL REAL ESTATE

Art Campbell, [email protected]

Ph: (717) 737-6161 : (717) 737-9640

• Certified Snow Experts• Over 30 Years Experience• Weather Forecasts and

Alerts

• Risk Management• 24/7 Call Center• Fully Insured• State-of-the-Art Equipment

Serving all of the Northeast and Mid-Atlantic States withSNOW AND ICE MANAGEMENT

Toll Free 888-220-2570

SNOW SERVICES


http://www.foliagedesign.com


http://www.landmarkjcm.com

http://www.fowlercompanies.com


http://www.lunarelectric.com


JANUARY 6 – NAWBO DEEvent: First Friday – Power Tools for WomenTime: 9:00 AM – 10:00 AMLocation: Ara IllustratedAddress/City: 732 Grantham Ln., New Castle, DECost: Free – Registration RequiredE: [email protected]

JANUARY 9 – BOMA PHILADELPHIAEvent: Law & Risk ManagementTime: 5:30 PM – 7:30 PMLocation: Three Logan SquareAddress/City: 1717 Arch St., 29th Fl., Philadelphia, PACost: $725 Members $925 NonmembersE: [email protected]

JANUARY 9 – DCAEvent: Executive Committee MeetingTime: 12:00 PM – 1:30 PMLocation: DCA BoardroomP: 302-994-7442www.e-dca.org

JANUARY 9 – USGBC NJ NORTH BRANCHEvent: Introduction to the International Green Construction Code (IGCC)Time: 6:00 PM – 9:00 PMLocation: Maggiano’s Little ItalyAddress/City: 390 Hackensack Ave., Space 70, Hackensack, NJCost: $45 Members $60 NonmembersP: 973-290-0013www.usgbcnj.org

JANUARY 10 – TRISTATE/AAGP/BOMA/IREMEvent: Annual Joint Real Estate Forecast LuncheonTime: 11:30 AMLocation: The Union League (Lincoln Hall)Address/City: 140 S. Broad St., Philadelphia, PACost: $65 Members $80 NonmembersP: 856-786-9260www.irem3.org

JANUARY 11 – CIRC DEEvent: Membership Meeting & LuncheonTime: 11:30 AM – 1:30 PMLocation: Clarion Hotel-The BelleAddress/City: 1620 N. DuPont Hwy.Cost: $30 Members $40 NonmembersP: 302-633-1705 E: [email protected]

JANUARY 11 – NJAAEvent: Understanding Credit Scoring & Interpreting Credit ReportsTime: 9:00 AM – 11:00 AMLocation: NJAA HeadquartersAddress/City: 104 Interchange Plaza, Suite 201, Monroe TownshipE: [email protected]

www.njaa.comJANUARY 11 – POA NJEvent: Nationally Renowned Speaker Jim RandelTime: 6:30 PMLocation: Wilshire GrandAddress/City: West Orange, NJCost: Members Free/$35 NonmembersP: 732-780-1966 E: [email protected]

JANUARY 11 – SMPS PHILADELPHIAEvent: Smart City/Smart Plans: Philadelphia’s Next Phase of DevelopmentLocation: TBDwww.smpsphiladelphia.org

JANUARY 12 – CFA PHILADELPHIAEvent: 2012 Annual Forecast DinnerTime: 5:00 PM – 8:00 PMLocation: Loews HotelAddress/City: 1200 Market St., Philadelphia, PACost: $60 Members $70 NonmembersE: [email protected]

JANUARY 12 – CREW PITTSBURGHEvent: Holiday PartyTime: 5:00 PM – 8:00 PMLocation: Tavern 235Address/City: 245 4th Ave., Pittsburgh, PAE: [email protected]

JANUARY 14 – CREW BALTIMOREEvent: 2012: The Road AheadTime: 11:30 AM – 2:00 PMLocation: Oriole Park at Camden YardsAddress/City: 333 West Camden St., 4th Fl., Baltimore, MDCost: $40 Members $55 NonmembersP: 785-832-1808 E: [email protected]

JANUARY 17 – CIA NJEvent: Manufacturing RoundtableTime: 3:30 PM – 5:00 PMLocation: Busch Campus Center, Rutgers UniversityAddress/City: New Brunswick, NJP: 201-368-2100 E: [email protected]

JANUARY 18 – ABC EAST PAEvent: Breakfast with Economist Bill Dun-kelbergTime: 8:00 AMLocation: Crowne Plaza Valley ForgeAddress/City: 260 Mall Blvd., King of Prussia, PACost: $50 MembersP: 610-279-6666 E: [email protected]

JANUARY 18 – CREW LEHIGH VALLEYEvent: Lunch & Learn – “How Will the New Tax Assessment Effect You?”

Time: 11:30 AM – 1:00 PMLocation: 1611 Pond RoadAddress/City: Allentown, PAwww.crewlehighvalley.org

JANUARY 18 – NAWBO DEEvent: New Member & Membership Wine ReceptionLocation: Ryan Wine & SpiritsAddress/City: Independence Mall, 1601 Concord Pike, Wilmington, DECost: Members Free/$5.00 NonmembersE: [email protected]

JANUARY 19 – CREW PHILADELPHIAEvent: Lunch Event – What to Expect for 2012Location: Union LeagueAddress/City: 140 S. Broad St., Philadelphia, PAwww.crewphiladelphia.org

JANUARY 19 – NAIOP PITTSBURGHEvent: Chapter Meeting – Finance UpdateTime: 7:30 AMLocation: Omni William Penn HotelAddress/City: 530 William Penn Pl., Pittsburgh, PACost: Members Free/$40 NonmembersP: 412-928-8303www.naioppittsburgh.com

JANUARY 24 – ABC NJEvent: Understanding NJ Prevailing Wage & Contractor RegistrationTime: 12:00 PM – 2:00 PMLocation: Flaster/Greenberg PCAddress/City: 1810 Chapel Ave. West, Cherry Hill, NJP: [email protected]

JANUARY 24 – NAIOP NJEvent: Annual Meeting & Real Estate ForecastLocation: Sheraton MeadowlandsCost: $165 Members $210 NonmembersP: 732-729-9900www.naiopnj.org

JANUARY 25 – NJAAEvent: Annual Meeting & InstallationTime: 3:30 PMLocation: Imperia on EastonAddress/City: 1714 Easton Ave., Somerset, NJE: [email protected]

JANUARY 27 – ULI PHILADELPHIAEvent: Commercial Real Estate FinancingTime: 8:00 AM – 10:00 AMLocation: Villanova UniversitySchool of BusinessAddress/City: 800 E. Lancaster Ave., Bartley Hall, Villanova, PAP: 800-321-5011www.philadelphia.uli.org

16A —December 23 - January 12, 2012 — Mid Atlantic Real Estate Journal MAREjournal.com

COMMERCIAL REAL ESTATE ORGANIZATIONS’

EVENTS CALENDAR


http://www.nawbodelaware.org


http://www.bomaphila.com

http://www.e-dca.org

http://www.usgbcnj.org

http://www.irem3.org


http://www.circdelaware.org


http://www.njaa.com


http://www.poanj.org

http://www.smpsphiladelphia.org


http://www.cfaphil.org


http://www.crewpittsburgh.org


http://www.crewbaltimore.org


http://www.cianj.org


http://www.abceastpa.org

http://www.crewlehighvalley.org


http://www.nawbodelaware.org

http://www.crewphiladelphia.org

http://www.naioppittsburgh.com


http://www.abcnjc.org

http://www.naiopnj.org


http://www.njaa.com

http://www.philadelphia.uli.org

We’re looking for sites in PA

End Cap, In-line, Free StandingFlexible Space Requirements

realestate.subway.com

Non-Traditional Venues - Hospitals/CollegesUniversities/B&I/Stadiums/Casinos/Airports

www.subway.com

Eastern PA — 610-366-8120 x 24, Cheryl Green [email protected] PA — 610-768-8990, Rawley Shelton [email protected]

Locations Wanted Consistently Ranked #1 Franchise -

45+ Year Track Record

Local Contacts:


CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS BILLBOARD

ATTENTIONDirect mailing to over 25,000 MARE Journal readers...

Billboard advertising pays off!

NORTHEASTERN PENNA.SALE & LEASE OFFERINGS

• Industrial Land – 10.7 acre site in ValmontIndustrial Park for sale. Zoned for manufacturing.Close to I-81 & I-80. Approved for 126,000 SFbuilding.

• Office – Under construction, 29,000 SF Class Aoffice building adjacent to downtown Scranton,PA. Various suite sizes, lease or ownershipopportunity.

• Retail – Wilkes-Barre. 11.42 acres across fromWyoming Valley Mall at signalized corner.

•

Scranton, PA570-207-4100

[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.

Coldwell Banker CommercialBennett Williams110 N. George Street; 4th floorYork, PA 17401

www.bennettwilliams.com717-843-5555

Commercial Leasing/Sales

Property Management

Landlord Representation

Tenant Representation

Site Selection

SOUTHSIDE BETHLEHEM, PA1200 s/f — $900/month

Including w/s/t

306-308 Broadhead Ave., RearComplete with two car attached

garage with 10’ ceilings. Individualgas furnace for workshop area andlavatory. Includes 1200 s/f upstairsstorage area. Off street parking

for two cars adjacent to the building.

CUSTOMERSERVICE REP

NEEDED

Rep needed to work for our

aid. 18yrs and above needed.

Must possess good typing

skills, speak English uently.

Will earn $3000 monthly.

Email me at

([email protected])

if interested contact me

SINGLE BLOCK:(2 3/8” x 3 5/8”)

Once = $95Twice = $160

5 Issues = $3005 Issues (Pre-Pay) = $250

DOUBLE BLOCK:

(5” x 3 5/8”)Once = $160Twice = $280

5 Issues = $5755 Issues (Pre-Pay) = $475

OTHER RATES AVAILABLE!Please call Linda Christman for

more information at 1-800-584-1062

MAREjournal.com Mid Atlantic Real Estate Journal — December 23 - January 12, 2012 — Inside Back Cover A

State of the Art Architectural Coatings needs

Dealers Installers/Sales /representatives

roofing/painting/construction sales exp. will help

in the Northeast states

Send resume to Louis at:

Louis [email protected]

Contact: 845.398.1778

or visit www.hvcoatings.com for more info

BUSINESS BUSINESS OPPORTUNITYOPPORTUNITY



http://www.subway.com


http://www.hvcoatings.com


http://www.bennettwilliams.com


Back Cover A — December 23 - January 12, 2012 — Mid Atlantic Real Estate Journal MAREjournal.com

Delaware River Industrial Park

Twin Spans Business Park,City of New Castle, DE

• +/– 135 Acre Business Park in the City of New Castle

• Minutes away from I-95/I-295, and Routes 9 & 13.

• Site offers convenient access to the Delaware Memorial Bridge, Port of Wilmington and the entire northeast corridor.

• Perfect for Office, Laboratory or Manufacturing / Distribution

• Recently completed new access boulevard with signal controlled intersection on Route 9.

• Park tenants include:Winterthur Catalog Operations,Hibbert Group,Tire Rack, Speakman Co., Mattress Giant, Schindler Elevator, Philadelphia Gear,Agilent Technologies

Newport Industrial Park


Operating and Managing over 3 Million Square Feet of Industrial and Commercial


• 45 Acres of industrial zoned land (HI) located ideallynear the Port of Wilmington, the Delaware MemorialBridge, I-95 and I-295; with great access to entire northeast corridor.

• High quality constructed buildings with space as small as +/– 14,500 sq. ft.

• 24'–31' clear ceiling height

• HI (Heavy Industrial) zoning allows for a wide arrayof uses

• Park tenants include: Iron Mountain, National RollKote, DHL, Carlyle Cocoa, Harbour Textile,Waste Management, SKW Hardcore, Freeze, RecyClean

• +/- 400,000 Sq. Ft. business park in the town of Newport.

• 1/2 mile from I-95/Rt. 141 interchange with immediate access to I-295, I-495 north and south.

• Site offers convenient access to the Delaware Memorial Bridge, Port of Wilmington and the entire northeast corridor.

• Park tenants include: AIG, Sieck Wholesale Florist,First State Paper, Qwest Communications, C-Cert,Apex Piping and Conectiv.

Section B, 20 pages

SALISBURY, MD — Bradley Gillis, CCIM, senior advisor for Sperry Van Ness – Miller Commercial Real Estate, an-nounced that Dairy Queen has purchased a one acre pad site at Pecan Square Shopping Center off Nanticoke road.The site was purchased for $280,000 by the same owners of the North Salis-bury Dairy Queen location. Con-struction is due to begin Winter 2012 with an opening date for Summer 2012. “Nanticoke Road is a great location for Dairy Queen; the community is very excited to have a new restaurant on the west side of Salisbury. This will be a great location for years” states Bradley Gillis, who represented the buyers in the

Section B of the Mid Atlantic Real Estate Journal

SHOPPING CENTERS


ALSO INSIDE:

HI-LIGHTS

MAREjournal.com

Marcus & Millichap handled the sale of Slade Village, a 13,780 s/f, fully occupied retail strip center located in Pikesville, MD.See page 4B.

Fameco Real Estate, LP, reported that Platypus Cus-tom Home Furnishings has signed a 5,005 s/f lease at the Streets of Chester in Chester NJ. See page 4B.

Marcus & Millichap arranges $1.55m retail strip cntr. sale

Heller of Welco Realty reps Platypus 5,005 s/f lease

SC SPOTLIGHT: RETAIL DESIGN COMPETITION ............. 5-12B

ICSC ORGANIZATION PAGE ..............................................14B

BUSINESS CARD DIRECTORY ..............................................15B

RETAIL BROKERAGE DIRECTORY ................................. 16-IBC

DECEMBER 23 - JANUARY 12, 2012

LLENTOWN, PA —Colliers International in Allentown recently

concluded a 33,844 s/f retail land lease to Checkers Drive-In Restaurants, Inc. at the North East Corner of S. 4th St. and W. Emmaus Ave in Allentown, PA. Checkers is the largest chain of double drive-thru restaurants in the U.S., operating more than 815 Checkers and Rally’s restaurants in 28 states and the District of Columbia, as well as in Israel and American Samoa. Colliers broker Derek Zerfass

Huggins of Huggins Realty Group leases 15,000 s/f

Zerfass of Colliers International secures buyer in $565,000 sale of 9,100 s/f building

A

Gillis and Miller of SVN represented buyer and owner

Sperry Van Ness – Miller Comm’l RE brokers $280,000 pad site

represented both Checkers and the owner, Posh Properties of Bethlehem, PA.

In another Allentown trans-action, Derek Zerfass of Colliers represented the Landlord of the former Circuit City building, a 37,484 s/f facility at 1053 Grape St. in a lease with Hibachi Grill & Supreme Buffet. Hibachi Grill & Supreme leased a 15,000 s/f section of retail space; they were represented by Drew Huggins of Huggins Realty Group. This location is in the heart of the Le-high Valley’s retail & restaurant

corridor and offers ample on-site parking. Colliers is the exclusive leasing agent for this property and is marketing the remaining 22,484 s/f of space.

In Nesquehoning, PA, Carbon County, Mr. Zerfass secured a buyer for a 9,100 s/f stand-alone building leased to Dollar General. The property was sold to Providence Properties, LLC at 1125 E. Catawissa St. as a single tenant NNN leased investment. According to Derek Zerfass, the sole broker in this transaction, the property sold for $565,000.■Dollar General, Nesquehoning PA

Dairy Queentransaction. Owner, Dr. Par-

mar said, The property was listed by Brent Miller, CCIM, CPM, also an Advisor for Sperry

Van Ness – Miller Commercial Real

Estate who represented the sellers. ■

NAI CIRPO Box 8910

Camp Hill, PA 17011717 761 5070

www.naicir.com

Committed to Central PAConnected to the World

O ceRetailIndustrialLandInvestmentCorporate Services

http://www.naicir.com

B Inside Cover — December 23 - January 12, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal MAREjournal.com

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


MAREjournal.com Mid Atlantic Real Estate Journal — Shopping Centers — December 23 - January 12, 2012 — 1B

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.


�B — December �3 - January 1�, �01� — Shopping Centers — Mid Atlantic Real Estate Journal MAREjournal.com

Shopping CenterS

Breaking New Ground

63 Kreider LaneManheim, PA 17545(717) 898-7651

www.brkreider.com

The professional team of

B.R. Kreider & Son will

work for you during your

next building or

expansion project:

Excavation

Paving

Site Management

Site Utilities

Earn a LEED Innovation

Credit by using

B.R. Kreider & Son, Inc.

Over 70 years of experience

in commercial and

industrial site

management will put

your new project on a

solid foundation.

Before you break

new ground, visit

www.brkreider.com

Breaking New Ground

Shopping CenterSBy Chuck Lanyard, The Goldstein Group

Restaurants are gobbling up space in New Jersey

D espite an economy where many retail-ers are cool to ex-

p a n d i n g , restaurants are definite-ly the excep-tion. There h a s b e e n i n c r e a s e d activity over the past year with many restaurants opening new locations or in the process of searching for locations, ac-cording to Chuck Lanyard, president of The Goldstein Group, New Jersey’s leading full-service retail brokerage firm.

“We have seen an increase in restaurant operators look-ing to open locations over the past year and there have been several new concepts or names checking New Jersey out due to its great demo-graphics and income levels,” commented Lanyard. “An-other favorable aspect is that the rent structure and liquor license values have decreased from their highs of years ago.”

Paramus, one of the best retail markets in the country, is seeing an influx of new restaurants. Restaurants that have either opened, under construction or in the approval stage include Olive Garden, Bahama Breeze, Chuck E Cheese, Miller’s Ale House, Panchero’s Mexican Restaurant, Smashburger, Moe’s Southwest Grill and Stax Pancake House.

Smashburger, a national hamburger franchise that

The Goldstein Group rep-resents, is looking to open an additional 20 locations throughout northern/central New Jersey to add to its base of 12 stores. Other locations soon to open shortly inclu-deRamsey, Morris Plains and East Hanover.

Mexican and Tex/Mex din-ing continue to become more and more popular with New Jersey customers. Chipotle, one of the leaders in the “fast casual” dining category has been very aggressive in procuring sites. Also, Qdoba, Lime Fresh Gill, Moe’s Southwest Grill and Panchero’s Mexican Restau-rant are other competitors in their category and have become very successful in locations they are opening. Panchero’s Mexican Restau-rant, which The Goldstein Group represents, is about to open restaurants in Mor-ris Plains and Paramus, and currently looking to open another dozen locations in New Jersey.

Other restaurants that recently signed deals or have recently opened include Shannon Rose Restaurants (Ramsey), Joe’s Crabshack (Clifton and Eatontown), Ba-hama Breeze (Woodbridge), Olive Garden (Woodbridge), Anthony’s Coal Fired Pizza (Ramsey and Clifton), Hou-lihan’s (Woodbridge), Red Robin (Rockaway), Five Guys Burgers (Springfield and Flemington), Musclemaker Grill (Lodi, New Providence, Clifton and Roseland), Cara-bas (Secaucus), Bone Fish Grill (Middletown), Chick-fil-A (Union) and Pollo Tropical

(Union).

Self-serve yogurt shops are the newest frozen dessert concept emerging through-out the region. Red Mango, Yogurtland, Cups, TCBY are all taking locations.

As for newcomers, Quaker Steak & Lube Restaurants is entering the NJ market for the first time. Doherty En-terprises bought the rights for this franchise and is pres-ently converting a Chevy’s restaurant that they own in Brick to this family casual restaurant. Brio Restau-rants has signed a deal for a location in Wayne. Board-walk Burgers recently signed a deal in Hackensack. n

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

SERVING CENTRAL PENNSYLVANIA FOR OVER 50 YEARS• Landlord Representation

• Tenant Representation

• Investment Sale &Acquisition

• Site Selection

• New Construction Leasing &Development

• Property & PortfolioDispositions

• Property Management

110 N. George Street, 4th floorYork, PA 17401

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

www.bennettwilliams.com

Chuck Lanyard

Specializing in Retail Brokerage in Pennsylvania, Maryland & West Virginia Owner RepresentationSite SelectionInvestment AnalysisMarket Research

Ryan Myers, CCIM Larry O’Brien, CCIM

Benjamin Chiaro, CCIM John BirkelandGreg Finkelstein

717.854.5357www.rockrealestate.net

http://www.brkreider.com





http://www.rockrealestate.net


4B — December 23 - January 12, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal MAREjournal.com

I K E S V I L L E , M D — Marcus & Millic-hap Real Estate In-

v e s t m e n t Services an-nounced the sale of Slade Vi l l age , a 13,780 s/f , fully occu-pied retail strip center located in Pikesville, Baltimore County, Maryland, according to Spen-cer Yablon, Regional Manager of the fi rm’s Philadelphia of-fi ce.

The asset commanded a sales price of $1,550,000. Derrick Dougherty, associate, Dean Zang, vice president investments, and Mark Tay-lor, fi rst vice president, of the Philadelphia Offi ce of Marcus & Millichap, had the exclusive listing to market the prop-erty on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was also secured and represented by Dougherty, Zang and Taylor. David Feld-man, Broker, assisted in clos-ing this transaction. Built in

Dougherty, Taylor and Zang rep owner & secured buyer

Marcus & Millichap arranges $1.55m retail strip center sale

the early 1970s, Slade Village was well maintained by owner-ship and had a high occupancy rate throughout the years with 75 percent of the tenants be-ing at this location for more than fi fteen years. “The com-bination of long term tenants, location of the asset within the immediate submarket, and value-add component with be-low market rents, attracted a number of prospective buyers both locally and out of state,” noted Derrick Dougherty the

lead agent. “The marketing process delivered numerous of-fers in the fi rst few weeks but we ultimately decided on going with a local buyer who under-stood the intrinsic value of the property. The property traded hands at the asking price, which further serves to rein-force the fact that well located and well tenanted properties with stable and predictable cash fl ows attract both buyers and lenders in today’s market,” Dougherty added. n

WOODBRIDGE, NJ — Fa-meco Real Estate, LP, announced that Platypus Custom Home Furnishings has signed a 5,005 s/f lease at the Streets of Chester (pictured above).

The Streets of Chester is a 104,682 s/f lifestyle center in the heart of affl uent Chester, NJ. The store will be the fi fth for the 35 year old chain, which also has locations in Shrewsbury, Woodcliff Lake and Princeton, NJ as well as Warrington, PA. Platypus will join Chico’s, White House/Black Market, Coldwater Creek and the Gap at the Streets of Chester.

Heller of Welco Realty reps Platypus

Fameco leases 5,005 s/f at the Streets of Chester

Carlo Caparruva, the Fameco Director who negotiated the transaction on behalf of the owner, Core Plus Properties, states, “Platypus is an excel-lent addition to the Streets of Chester; a high end, custom retailer that will anchor the home furnishings category at the property for years to come. Core Plus Properties Principal Frank Gallo, adds “Platypus further pluralizes the tenancy at the Streets of Chester, creating a nice balance of apparel and home goods for our customers”. Tod Heller of Welco Realty rep-resented Platypus. n

PHILADELPHIA, PA – Met-ro Commercial Real Estate, Inc. announced that Athleta has opened its fi rst store in the Phila-delphia area this month at 1722 Wal-nut Street in the heart of Center City. The 4,000 s/f store was identified and ne-gotiated on behalf of Athleta by Steven Gartner, president of Metro Commercial Real Estate.

Athleta, a division of Gap, Inc., was founded in 1998 as a catalogue and on-line ap-parel retailer catering to active women for both athletic and everyday pursuits. Their fi rst store opened earlier this year

in Mill Valley, California, and is now on a select roll-out of markets nationwide. The Phila-delphia store, which opened on November 9, 2011, marks its foray into the Eastern US, fol-lowing a stellar roll-out of stores in New York City earlier this year. Its opening in the George-town section of Washington DC came shortly thereafter.

According to Gartner, “The Philadelphia market and Cen-ter City in general, was identi-fi ed early-on as a target market for Athleta’s expansion because of its affl uence and its highly de-sirable target market of fi tness-oriented woman shoppers.”

Kaiserman Companies, Inc. is the landlord of 1722 Walnut Street, the longtime owner of this prized strip of fi rst-class retail along Philadelphia’s “Rit-tenhouse Row.” n

Steve Gartner

Athleta

Gartner of Metro negotiates fi rst Athleta store opened in Philadelphia

SHOPPING CENTERS

P

Slade Village

LANGHORNE, PA — Stu-art Conston of Equity Retail Brokers has arranged the sale of the ground leases of two former anchor de-partment store buildings attached to Montgomery Mall in North Wales and Oxford Valley Mall in Lang-horne, PA. Both buildings were previously occupied by Boscov’s.

The ground leases were for the 165,800 s/f +/- two level building attached to Oxford Valley Mall and the 167,600 s/f +/- three level building attached to Montgomery Mall. Stuart Conston and Rob Samtmann of Equity Retail Brokers represented the seller.

Montgomery Mall, located on SR 309 & US 202 in North Wales, and Oxford Valley Mall, located on US 1 (busi-ness) in Langhorne, are both two level, enclosed super-re-gional malls, each with over 1 million SF of gross leas-able area, over 150 specialty shops, a food court, and are both anchored by Macy’s, Sears and J.C. Penny. n

Conston of Equity Retail Brokers arranges sale of two former department store leases

Montgomery Mall

Oxford Valley Mall

Derrick Dougherty

MAREJournal.com Mid Atlantic Real Estate Journal — Shopping Centers — Retail Design Competition — December 23 - January 12, 2012— 5B

SHOPPING CENTERS SPOTLIGHT

RETAIL DESIGN COMPETITION

Westchester’s Ridge Hill

LIFE STYLE CENTER

The Village at Odenton Station

TRANSIT-ORIENTED/MIXED-USED

Market Square Place

MIXED-USE RESTORATION

Raymour & Flanigan

RETAIL RENOVATION

2011 WINNERS

6B — December 23 - January 12, 2012 — Retail Design Competition — Shopping Centers — Mid Atlantic Real Estate Journal MAREJournal.com

2011 LIFE STYLE CENTER WINNER

1.3 Million s/f -80 Acre Mixed-Use Development

H3 Hardy Collaboration & Studio 5 PartnershipWestchester’s Ridge Hill

estchester’s Ridge Hill is a new 80-acre life-style center developed

by Forest City Enterprises and designed by H3 Hardy Collabo-ration Architecture and execu-tive architects Studio 5. When fully open later this year, it will be the largest open air mall in the northeast.

Designed as a new town cen-ter for Yonkers, Westchester’s Ridge Hill contains 1.3 million square feet of retail space an-chored by a 12-screen cinema complex, department stores, and restaurant and dining fa-cilities. The development also includes a 160,000-square-foot offi ce building and up to 1000 residences.

Major anchor tenants include

Whole Foods, L.L. Bean, Lord and Taylor, and Cinema De Lux, a multiplex cinema by Na-tional Amusements, who will be joined by such tenants as REI, Sephora, Orvis, Dick’s Sporting Goods, The Cheesecake Factory, Yard House, Texas de Brazil, and Brio Tuscan Grille—many of which opened their stores in fall 2011.

Located between the New York State Thruway and the Sprain Brook Parkway, Ridge Hill is easily accessible from the surrounding Westchester neighborhoods. Fifty-one mil-lion cars pass the site annu-ally, and the Yonkers area—the fourth most populous city in New York State—is vastly un-der-retailed.

The design of this new town center for Yonkers responds

to the natural beauty of his-toric Westchester County. The twelve-block development is oriented along an outdoor Main Street that connects several sections of the center. Buildings vary in scale and fenestration, providing bridges, overlooks, second-fl oor promenades, and articulated facades to create an engaging series of pedestrian experiences.

Ridge Hill’s architecture blends masonry and stone characteristics of Westchester architecture with contemporary glass and steel. The vibrant pav-ing and stone patterns, water features, and gardens of Town Square, Ridge Hill’s central pub-lic space, recall the landscapes of traditional Westchester es-tates. Lively, pedestrian-scaled streetscapes provide areas for

socializing and people-watching. The village green sets the stage for evening entertainment. Outdoor seating, a playground designed by Tom Otterness, a fountain by WET Design, and a seasonal ice rink offer a variety of amenities to engage visitors.

What makes this Project/Job your

favorite or most unique?With its fi rst phase opened

this past fall, Ridge Hill is one of very few, if any, major retail developments that has come to fruition since the recent reces-sion. Not only has the design, construction, and operation of the $685 million project sus-tained and created jobs, the development itself has already been very successful in its fi rst few months of operation in its under-retailed location. Part of the appeal is that the design of Ridge Hill is unlike any other retail development. A variety of intricate brick patterns, town center-like planning, welcoming streetscapes, adjacent housing, and outdoor amenities contrib-ute to a sense of community that is atypical of a modern retail development.

Highway Design/Traffi c Engineering

Design Architect: H3 Hardy Collaboration Architecture Architect of Record: Studio 5 PartnershipStructural Engineering: Thornton-Tomasetti GroupMEP Engineer: Cosentini Associates Landscape Architect: Oehme van Sweden & Assoc.Parking: Walker Parking ConsultantsCivil Engineering / EIS: Divney Tung SchwalbeHighway Design/Traffi c Engineering: Philip Habib & AssociatesLighting Designer: Cline Bettridge Bernstein Lighting DesignEnvironmental Graphics: StantecEconomic Impact: Econom-ics Research AssociatesProgram Manager: Whiting-Turner

Location: Yonkers, NYProject Name: Westchester’s Ridge HillType of Project: Mixed Use/Life Style CenterSize: 1.3 million s/f-80AcreSubmitting Company Type: Architect

LOCATION THE PROJECT TEAM

W

As the transportation consultant for the Ridge Hill Village Center project, PHA prepared the Transportation section of the Environmental Impact Statement (EIS), and developed the plans for access to the site. Tasks included travel and parking demand forecasting for the various uses and coordi-nation with the New York State Thruway Authority,New York State Department of Transportation, the City of Yonkers, Westchester County and other government agencies in planning access to this major development.

PHA also designed the access plans to the site including the final design of a new interchange from the New York State Thruway, design of the recon-figuration of an exit ramp from the Sprain Brook Parkway, design of new access roads to the site, a new traffic signal system, and plans for transit services.PHA also provided construction inspection services for the highway portions of the project.

New York State Thruway Interchange Exit 6A Sprain Brook Parkway Interchange

Philip Habib & Associates102 Madison AvenueNew York, NY 10016(212) 929-5656www.phaeng.com

http://www.phaeng.com

MAREJournal.com Mid Atlantic Real Estate Journal — Shopping Centers — Retail Design Competition — December 23 - January 12, 2012 — 7B

Feature Your Project

DevelopmentsConstructionRenovations


For more information call Elaine Fanning

800-584-1062/781-871-5298 Ext. 212

[email protected]

2011 MIXED-USE RESTORATION WINNER

146,000 s/f Mixed-Use Restoration

StradaMarket Square Place

ocated in Pittsburgh’s retail core, Market Square Place is an

amalgam of seven historic buildings that were once plagued by neglect and slated for demolition. The design team faced the challenge of restoring, connecting, and reusing these structures of varying heights, styles, and construction types, and the results have been reward-ing for the downtown retail community and for the city as a whole. The beautiful restoration of this series of historic building facades, of which the oldest

dates to 1870, is a major tri-umph of this project. The de-tailed reconditioning of each facade was guided by the way the streetscape looked in pictures and other accounts from the 1930s. The detail and integrity of this restored block renews its place in the visual history of the city, adds to downtown’s growing appeal for and visitors, and creates a more attractive location for retailers. While the renewed exterior of this project is easily ap-preciated, the most techni-

cally demanding aspect of the project was stitching the buildings together from the inside. Though the former G.C. Murphy Department Store formed a continuous space spanning part of the block, its floor plates and structure still needed to be connected with those in ad-jacent buildings. To accom-modate this intention, the team needed to rectify code requirements between mul-tiple construction types (e.g., wood framing, structural terra cotta, concrete-encased

steel, solid masonry, and steel-frame). A key benefit of renovating the buildings as one complex, was that the space could be re-partitioned according to the needs of vari-ous tenants. At completion, the project’s programmatic elements in-clude street-level retail stores and restaurants; 46 loft-style rental units with a shared courtyard; a YMCA with workout facilities, a pool, and offi ces; and basement-level parking for the residents. The occupants of Market Square Place should enjoy a continu-ing increase of amenities springing up around them, as their restored block has become a linchpin of broader renewal in this key down-town district.

What makes this Proj-ect/Job your favorite or

most unique? The unique thing about this project is its complexity. Gar-gantuan tasks, from aligning

consensus and funding to initiate the project to nego-tiating the quirks of seven different historic buildings, were interwoven throughout the process, and every effort had to be successful for us to reach the fi nish line. The fact that the building is fully leased and seemingly well-liked by the community is a vote of confi dence for such daunting projects to press forward in the future.

Developments/Construction/Renovations

Owner/Developer: Millcraft IndustriesArchitect: Strada YMCA Interior Design: DRS ArchitectsGeneral Contractor: Tedco Construction Corp.MEP/FP Engineer: Tower Construction Services Structural Engineer: Atlantic Engineering ServicesPhotographer: Dennis Marsico

Structural Engineer

THE PROJECT TEAM

L

Location: Pittsburgh, PAProject Name: Market Square PlaceType of Project: Mixed-Use RestorationSize: 146,000 s/fSubmitting Company Type: Architect

LOCATION

AES is proud to serveMillcraft Industries

as their Structural Engineer forMarket Square Place.



2011 TRANSIT-ORIENTED WINNER

57,000 s/f /Transit-oriented/Mixed-Use

Odenton Station LLC/The Dolben CompanyThe Village at Odenton Station

denton Station, LLC, an affi liate of The Dol-ben Company, Inc.,

is developing The Village at Odenton Station, a mixed-use development consisting of 57,000 square feet of retail and 235 apartment homes in Odenton, Maryland. The planned urban center is Anne Arundel County’s fi rst transit-oriented, mixed-use development, and is located in the core of Odenton Town Center. The project design includes four buildings of four stories each. Three of the buildings are sited in a “U” shape creating an internal park-ing court for their fi rst fl oor

retail stores. Each of these buildings has apartment homes on the upper floors over the retail level. The fourth building at the rear of the site is solely residen-tial. A central clock tower celebrates the project core and provides a focal point for shoppers and residents alike. A hiker/biker trail will be developed along the rear of the property, eventually connecting to a county-wide trail system. First fl oor storefronts will be a combination of glass and

stone panel with brick ac-cents, while upper stories are treated with a combination of brick accent and clapboard siding. The retail levels at The Village at Odenton Sta-tion have been designed for fl exible subdivision into small or large bays, with store sizes from 900 to 9,000 square feet. Supported by current commuter rail park-ing for over 2,000 cars, a poll of Odenton commuters indi-cated a morning demand for a coffee shop, dry cleaner, fi t-ness facility, pharmacy, busi-

ness services, deli, banking and other fi nancial services. A village grocer along with restaurants would comple-ment the site. The theme will be “village retail,” providing services to the community’s residents as well as the thou-sands of commuters who use the Odenton commuter rail station. Residential and retail leasing at The Vil-lage at Odenton Station is expected to commence in Spring 2012.

What makes this Proj-ect/Job your favorite or most unique:

Andrew K. Dolben, Se-nior Vice President of De-velopment at The Dolben Company, Inc., said, “We are extremely proud that The Village at Odenton Station is leading the way in carrying out Anne Arundel County’s vision for transit-oriented development. Thanks to the BRAC initiative, Odenton is experiencing rapid growth and is one of the few areas in the country where new con-struction is warranted.”

Retail Leasing Agent

Owner: Odenton Station, LLCDeveloper: The Dolben Company, IncArchitect: Daniel Ball & Associates Civil Engineer: Boyd & DowgialloStructural Engineer:Skarda & Associates, IncGeotechnical Consulting: Hillis-Carnes EngineeringExcavator/Demo/Under-ground Utilities: CJ Miller, LLCLandscape Architect Hawk Design Roofi ng/Exterior Metal-Work: RCS Construction/Royal Gutter ServiceGeneral Contractor: Lend Lease (US) Construction, Inc.Acquisition, Development & Financing Attorney: Carney, Kelehan, Bresler, Bennett & Scherr, LLC Retail Leasing Agent: Metropolitan Management Company

Acquisition, Development, & Financing Attorney

THE PROJECT TEAM

O

Location: Odenton, MDProject Name: The Village at Odenton StationType of Project: Transit-oriented/Mixed-useSize: 57,000 s/f/ 235 apt. homesSubmitting Company Type: Owner/Developer

LOCATION

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

Serving the acquisition, financingand development community

www.carneykelehan.com

10715 Charter Drive, Suite 200Columbia, MD 21044

410-740-4600

Washington: 301-621-5255Washington Fax: 301-621-5273Baltimore Fax: 410-730-7729

888 Bestgate Road, Suite 316Annapolis, MD 21401

410-573-2001Fax: 410-573-1171

212 West Main Street, Suite 102 Salisbury, MD 21801

410-860-1888 Fax: 410-860-1109

MARCH 2012


http://www.BaltimoreShoppingCenters.com

http://www.carneykelehan.com


2011 TRANSIT-ORIENTED WINNER

Architect General Contractor

7678 Quarterfield Road, Suite 201Glen Burne, Maryland 21061

P: 410-863-1234 F: 410-863-1235www.bndpa.com

Proud to be Part of the Project Team

Providing the Civil EngineeringAt

“The Village of Odenton Station”2011 Best Transit-Oriented Project Winner

ENGINEERS, SURVEYORS & PLANNERS

SNOW REMOVAL

7807 Cessna AvenueGaithersburg, MD 20879

MAIN (301) 947-3950FAX (301) 947-3952

www.royalgutter.comCELL (240) 876-0777

[email protected]

VOSB WBE MHIC49843 LICENSED BONDED INSURED

INC

PrincipalKevin J. King

Providing Roofing, Corniceand Exterior Metalwork

At “The Village of Odenton Station”

Excavator/Underground Utilities

Roofi ng/Exterior Metal Work Civil Engineer

Lend Lease (US) Construction Inc.One Preserve Parkway Suite 700 Rockville, MD 20852 T 301 354 3100F 301 354 3151

Congratulationsto The DolbenCompanyandThe Village atOdenton Stationas2011Transit-OrientedWinner!

www.lendlease.com

Architect for The Village at Odenton Station 2011 Transit-Oriented Winner

Services:ArchitectureMaster PlanningCommercial InteriorsAdaptive ReuseSustainable DesignHistoric PreservationCompliance& ImplementationConsulting

5513 Twin Knolls Road, Suite 216, Columbia, Maryland 21045Phone: (410) 715 - 0408 Fax: (410) 715 - 0969

dba-arch.com

3514 Basler Road • Hamptead, MD 12107 • 410-239-4204www.cjmillerllc.com

Proud to be Part of The Village At Odenton Station

Winning Project Team

http://www.bndpa.com

http://www.royalgutter.com


http://www.lendlease.com

http://www.cjmillerllc.com


2011 RETAIL RENOVATION WINNER61,000 s/f Retail Renovation

Target Building ConstructionRaymour & Flanigan, Inc. at Whitehall Mall

arget Building Con-struction is near com-pletion on a 61,000

square foot renovation for Raymour & Flanigan. Proj-ect completion is scheduled for late December with a opening date of January 6, 2012. After selective de-molition Target Building Construction was able to retrofi t the storefront façade to a prototypical Raymour & Flanigan design. The true challenge in this particular project was the coordination of the interior finishes in each showroom allowing the schedule to be maintained

in conjunction with work by MEP trades. Over our years of working with Raymour & Flanigan, our experienced subcontract-ing base was an asset in terms of understanding the phasing and necessary trade coordination to meet quality and schedule requirements. Seventy percent of our work with Raymour & Flanigan has been in store renovation projects and 30 percent in new store ground up con-struction.

The Borders space is now a one story showroom for Raymour & Flanigan and a mezzanine was added over the two other spaces to pro-vide added showroom space as well. An atrium and grand staircase were added for ac-cess from the fi rst to the sec-ond fl oor. The construction schedule was four months and the store’s grand opening is January 6, 2012. Raymour and Flanigan is a valued retail client for Target Build-ing Construction which has

successfully completed fi fty projects for the retail fur-niture giant over the past fi fteen years.

What makes this Project/Job your

favorite or most unique? I think the most unique por-tion of this project is the fact that R&F and the design team spent a substantial amount of time planning the layout of footings for the steel, ductwork, sprinklers, light fi xtures and acoustical ceil-ing for the 1st and 2nd fl oor new mezzanine around the R&F Merchandising Plan.This required the utmost cooperation and coordination of all of the trades to help correctly size columns and beams for loads, sprinklers for coverage, ductwork for airfl ow, and light, all to ac-commodate the space. Almost any other project and owner would have planned around

the existing structure, but with R&F, the Merchandis-ing Plan is the end-all-be-all. Since construction was planned around Merchan-dising, we were only given 4” +/- of tolerance to work with. This made even more of a challenge to deal with when we ran into unforeseen items. With the help of R&F, the design team, Target, and all of our subcontractors, the fl oor plan came together as designed.

MEP Engineer

Owner: Raymour & Flanigan, IncGeneral Contractor: Target Building ConstructionArchitect: 3GHC Architects, LLCStructural Engineer: Ring Consulting Group, Inc.MEP Engineer: FX Bonnes Associates, Inc

THE PROJECT TEAM

T

Location: Whitehall, PAProject Name: Raymour & FlaniganType of Project: Retail RenovationSize: 61,000 s/fSubmitting Company Type: General Contractor

LOCATION

FX Bonnes Associates, Inc.Design and Consulting Engineers

98 Lacrue Ave. • Suite 210 • Glen Mills, PA 19342Ph: 610-558-3464 • Fax: 610-558-3772

FXB would like to congratulate Raymour and Flanigan Furniture and our project team partners on the WhiteHall Mall Raymour and Flanigan award winning project.

We, at FXB, are proud to be part of the team chosen Winner in the Retail Renovation Category for the 2011 Annual Retail Design Competition. Just as this project required

a high level of cooperation, coordination and expertise to deliver an award winning renovation, FXB routinely provides our clients with this level of service.

FXB is celebrating 43 years of engineering excellence.

FXB is a full service Mechanical, Electrical, Plumbing and Fire Protection engineering consulting firm.

Professionally licensed in 26 states including the entire Mid Atlantic and East Coast States.


2011 RETAIL RENOVATION WINNER

PreconstructionConstruction Management

General Contractors

1124 Chester Pike • Crum Lynne, PA 19022610.521.3300 • www.targetbuilding.com

Building relationships through the power

of people.

Allentown, PA West Deptford, NJ

Exeter, PA Chester, PA

http://www.targetbuilding.com


Architecture/Engineering/Environmental Geotechnical Engineers

Geotechnical Engineers & Geologists

EARTH

CCorporate 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

* Clean Fill Testing

South Jersey: 856-768-1001

Central PA: 717-697-5701

Lehigh Valley: 610-967-4540

ENGINEERINGINCORPORATED

* Carbonate Site Assessments

Because the good will of those we serve is the foundation of our success it's a real pleasure at the holiday time to say

"Thank You"

as we wish our clients a full year of happiness and success

CREATIVITY QUALITY EXPERT ISE

800.301.3077www.blcompanies.com

Pennsylvania | Maryland | New York | Connecticut

General Construction

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

collaborative environment for a win-win outcome on every project, large or small!

Call today to speak to one of our construction experts about your needs: 1-800-255-7483www.all-riteconstruction.com

http://www.earthengineering.com

http://www.blcompanies.com

http://www.all-riteconstruction.com


SHOPPING CENTERS

We’re looking for sites in PA

End Cap, In-line, Free StandingFlexible Space Requirements

realestate.subway.com

Non-Traditional Venues - Hospitals/CollegesUniversities/B&I/Stadiums/Casinos/Airports

www.subway.com

Eastern PA — 610-366-8120 x 24, Cheryl Green [email protected] PA — 610-768-8990, Rawley Shelton [email protected]

Locations Wanted Consistently Ranked #1 Franchise -

45+ Year Track Record

Local Contacts:

Area’s largest fi tness facility

Buchanan Partners welcomes 46,000 s/f As Sport & Health ClubsG

AINESVILLE, VA — As Sport & Health Clubs opens a 46,000

s/f state-of-the-art fi tness center in the 100-acre Heritage Hunt mixed-use development with frontage on I-66 in Gainesville, VA, developer Buchanan Part-ners is planning a new grocery-anchored retail center at the corner of Heathcote Boulevard and Catharpin Road.

The 90,000 s/f retail cen-ter will be located adjacent to Heathcote Commons, where Ryan Homes is building 315 3-level new garage townhomes. To date, 40 homes have been built and sold, while another 20 are under construction. The community, which will feature a swimming pool and clubhouse, is expected to be built out by 2014.

Offi ce leasing and sales also have been strong throughout 2011 at Heritage Hunt. Bu-chanan Partners recently sold approximately 11,000 s/f of Class A office condo space in the Heritage Hunt Professional Building to Professional Auto-motive Relocation Services, rais-ing that building’s occupancy to 92 percent. Buchanan has completed 11 offi ce lease and sales transactions in Heritage Hunt since the beginning of the year, ranging from 1,342 s/f to 11,500 s/f.

Based on the successful pace of leasing and sales, Buchanan plans to break ground on a new 50,000 s/f offi ce building in 2012. The new building will be located on Heathcote Boulevard adja-cent to the existing convenience retail center. The Heritage Hunt commercial development is ap-proved for up to one million s/f of offi ce space. Over 200,000 s/f of offi ce space has been delivered to date.

“With marked acceleration in activity from both a sale/lease and development perspective this year, we feel confi dent in the long term success of our walkable, amenity-rich mixed-use project at Heritage Hunt, the premier location in West-ern Prince William County,” said Matt Pierce of Buchanan Partners.

The new Sport & Health two-story facility features a multi-purpose court, lap pool and spa, dedicated areas for strength training and cardio equipment, spin studio, group exercise room, a mind-body studio, juice bar, lounge and a child care fa-cility known as Kidz Klub.

The new Sport & Health Club is located next door to the

Minnieland child care center, a 12,000 s/f facility serving 150 children from three weeks to 12 years old. Minnieland offers

before- and after-school care, preschool and pre-kindergarten classes, infant and toddler care, and a Montessori program. n

Sport & Health Clubs

Nothing.

Mid Atlantic Real Estate Journal Elaine Fanning, Associate Publisher

PO Box 26 • Accord, MA 02018800-584-1062 or 781-871-5298 • fax 781-871-5299

[email protected]

— Call or fax today for a FREE SAMPLE COPY! —

Without advertising aterriblethinghappens.

ADVERTISE TODAY! CALL 800-584-1062



http://www.subway.com



Member of International Council of Shopping Centers

www.icsc.orgMichael KerchevalPresident & CEO

ICSC

David HenryICSC

Chairman

Northern NJ

State Director

Steven H. Gartner

Metro Commercial Real

Estate

Government Relations

Committee Chair

Michael A. Mozzachio

Chancellor Development

Group

Alliance Co-Chair

Edward A. Shriver, Jr.

Strada

Operations Co-Chair

Lynda E. Benedetto,

SCSM

Kravco Simon Co.

Retail Co-Chair

Roy T. Perez-Daple

Lowe’s Companies

Next Generation Chair

Eric S. Penney

Centro Properties Group

Idea Exchange

Program Planning Com-

mittee Co-Chair

Timothy Rubin

PREIT

Idea Exchange

Program Planning Com-

mittee Co-Chair

Brandon Famous

Fameco

State Directors

PA/DE/S.NJ: John-david W. Franklin

Madison Marquette

DC/MD/N.VA: Larry M. Spott, CDP

The Rappaport Companies

S.VA: Susan F. Jones

Grubb & Ellis

Government Relations Committee Chair

PA/DE/S.NJ:Ed Kochman

KochmanConsulting Services

DC/MD/N.VA:Thomas C. Barbuti

Whiteford, Taylor and Preston LLP

S.VA:Roger R. Rodriguez

Timmons Group

Alliance Co-Chair

PA/DE/S.NJ: Russel Jenkins

Zamias Services Inc.DC/MD/N.VA:

Patricia PalumboKlein Enterprises

S.VA:Matthew L. Lafl erCommercial Real Estate Services

Next Generation Chair

PA/DE/SNJ:Jordan Claffey

Centro Properties GroupSNJ:

Lindsey C. FloydThalhimer

DC/MD/N.VA:Jarett L. Parker

Kimco Corporation

Adam IfshinEastern Division

VP & Trustee

John-david Franklin Director,

PA/DE/S.NJ

Larry M. SpottDirector,

DC/MD/N.VA

Susan JonesDirector,

S.VA

Exciting News!This year, Retailers are being offered

a FREE table and chair on “Retailer Row” for the duration of the event.

ICSC 2012 Mid-AtlanticConference & Deal Making

February 21-22, 2012Gaylord National Resort & Convention CenterNational Harbor, MD

To market your companies show presence, submit an expert article, recent press releases, company

announcements or project news This issue will add additional exposure at

the February 22nd showDeadline: January 16, 2012

January 27th Shopping Centers featuring the 5th Annual “Mid Atlantic ICSC Show Issue”

Contact Elaine Fanning: 1-800-582-1062 ext. 212email: [email protected]

ICSC

Corner Your Market at RECon 2012Introducing the Newly Created Marketplace Mall @ RECon

he International Coun-cil of Shopping Centers (ICSC) is creating a

brand new show in a brand new location that will be part of its global retail real estate con-vention. In 2012, as part of its RECon Conference, ICSC will be launching the Marketplace Mall @ RECon. Strategically located in the high-traffi c N1 Hall of the Las Vegas Conven-tion Center the new Market-place Mall @ RECon will house shopping center product and service providers, the Green Zone, a Product Demo Theatre, the Social Media/Technology Pavilion, the Specialty Leas-ing Showcase, the Marketplace Mall Café, a Free Wi-Fi station and RECon Registration.

“The new Marketplace Mall @ RECon is a destination unto itself, separate from the Leas-ing Mall, and we wanted to en-sure that this notion was prop-erly conveyed,” said Michael P. Kercheval, president and CEO of ICSC. “Its not just the same old trade show, but rather a much larger and more effi cient show that will have far more to offer RECon attendees. The Marketplace Mall @ RECon’s exhibitors, content, and central location are sure to make it a high-traffic destination this year,” Kercheval added.

Social Media & Technology Pavilion

Sure you’re on Facebook,

Twitter, LinkedIn, and You-tube, but now what? The Social Media/Technology Pavilion in the Marketplace Mall @ RECon will help get you up-to-date on these platforms ensuring that you are able to compete in the 21st century marketplace. In-formative sessions on many of the different metrics as well as mobile based technologies will be offered, so stop by and see how social media and technol-ogy can impact your business or product! Surrounding the Social Media/Technology Pavilion will be exhibitors that provide the latest technology and social me-dia solutions that help increase efficiency, improve consumer satisfaction, properly engage followers and lower cost.

Green Zone It’s not easy being “green,”

but ICSC’s Green Zone in the Marketplace Mall @ RECon can help you get there. The retail landscape is constantly evolv-ing and one of the ways that it is changing is through the use of sustainable best practices. Environmentally friendly prac-tices not only cause less drain on urban infrastructure and natural resources, but can im-prove the effi ciency with which centers and stores operate, positively impacting owner’s bottom lines. The Green Zone in the Marketplace Mall will feature product and service providers that can show

you how to become more “green” while saving some “green” in the process! This is sure to be an area of interest as “going green” continues to be a hot issue in the industry.

Specialty Leasing Showcase

Looking for cart, kiosk, or temporary tenants? The brand new Specialty Leasing Showcase will house retailers, wholesalers, manufacturers and service providers from the specialty retail industry in their own section of the Marketplace Mall @ RECon. Whether you’re looking for the top specialty retail leasing managers, want to discover how specialty retailing can go global, or learn if a specialty retail product has mass appeal, it can all be accomplished at the Specialty Leasing Show-case in the Marketplace Mall @ RECon.

Product Demo Theatre The Product Demo Theatre

will be a great place for at-tendees to learn about multiple products and services in one location. Exhibitors will be presenting in 15 minute power sessions, making the Product Demo Theatre a great way to quickly get an understanding of what can be found in the Marketplace Mall @ RECon.

Marketplace Mall @ RECon Café

With so few dining options

available in the Las Vegas Convention Center, the Mar-ketplace Mall Café is sure to be a popular destination for RECon attendees who want a place to relax and grab a bite to eat. With ample seating and breakfast and lunch options available, and the only free public Wi-Fi Station in the entire convention center, the Marketplace Mall Café is sure to draw a crowd.

RECon Registration In addition to these special

sections, The Marketplace Mall @ RECon will be the home to RECon Registration ensuring that every RECon attendee will have the opportunity to see what’s on display. The Marketplace Mall @ RECon will be open Sunday, May 20, till Tuesday, May 22. Sunday is a non-compete day with the Leasing Mall.

About RECon RECon is IC-SC’s global convention for the shopping center industry. It provides networking, deal mak-ing and educational opportuni-ties for retail real estate profes-sionals from around the world. With nearly 30,000 attendees and 1,000 exhibitors it is the largest industry convention. The RECon brand now spans four regions: North America, Asia, Middle East and Latin America. RECon; bringing together the global shopping center industry. n

T

http://www.icsc.org



SHOPPING CENTERS BUSINESS CARD DIRECTORY

GENERAL CONTRACTOR METAL BUILDING CONSULTANTS

ENGINEERING CONSULTANT

REALTY

GENERAL CONTRACTOR

SNOW & ICE SERVICES

Snow & Ice Solutions™

The Mark of Excellence in Zero Tolerance Snow and Ice Management

Certifi ed Snow Professionals On Staff

• Zero Tolerance • Liquid Anti-Icing• Risk Management – • Certifi ed Weather Reports Reducing Your Liability Exposure

877-DE-ICE-IT

431405_Cenova.indd 1 7/17/09 11:26:51 AM

COMMERCIAL INVESTMENT RE

REAL ESTATE ACQUISITIONS

P: 212.710.9362 F: 917.591.5497

E: [email protected]

WWW.KATZPROPERTIES.COM

Daniel Katz

PROPERTY MANAGEMENT/DEVELOPMENT

GEOTECHNICAL CONSULTANT

REALTY

KAY REALTY SERVICES, LLC

William L. KleinPresident

1989 Jumping Brook Road, Tinton Falls, NJ 07753Phone: 732-918-1148 - ext. 101 Fax: 732-918-1628

Mobile: 908-447-0899 or [email protected]

www.kayrealtyholdings.com

COMMERCIAL REAL ESTATE COUNSELORS

REALTY SNOW SERVICES

• Certified Snow Experts• Over 30 Years Experience• Weather Forecasts and

Alerts

• Risk Management• 24/7 Call Center• Fully Insured• State-of-the-Art Equipment

Serving all of the Northeast and Mid-Atlantic States withSNOW AND ICE MANAGEMENT

Toll Free 888-220-2570

REAL ESTATE INVESTMENT SVCS.

Tel: 732-297-8700 Fax: 732-297-8701 Cell: 732-208-7135878 Georges Road - Suite 6, Monmouth Junction, NJ 08852

WILLIAM F. BARGLOW

R E A L E S TA T E S E R V I C E S

WEBSITE: www.barglowcompanies.com • EMAIL: [email protected]

REALTY

40 S. Cedar Crest Blvd.Allentown, PA 18104

www.lehighvalleycommercial.com

The James Balliet Commercial Group

James BallietPresident

direct 610.435.4712main 610.435.4711

cell 610.972.6808fax 610.435.2800

[email protected]

REAL ESTATE

·COMMERCIAL·INDUSTRIAL·INVESTMENT

Jules A. BorrusBROKER-PRESIDENT

(732) 345-7002FAX 97320 345-7207

Mailing Address: P.O. Box 8357Red Bank, NJ 07701

Email: [email protected]

Ma hew Ru , PE,CDPPresidentdirect/cell: (717) 490-2785mru @landcoreconsul ng.com

LANDCOREconsul ng.comPHILADELPHIA • LANCASTER • PITTSBURGH • PRINCETON



http://www.kayrealtyholdings.com

http://www.barglowcompanies.com


http://www.lehighvalleycommercial.com



mailto:@landcoreconsul%ED%AF%80%ED%B6%9Fng.com


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

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

Calkain Companies, Inc. 11150 Sunset Hills Rd. • Suite 300Reston, VA 20190P: 703-787-.4714 F: 703-787-4783Jeff Bogart • Gerald E. Burg • Jonathan W. HippAndrew M. Fallon • W. Douglas WrightRick Fernandez

4600 West Cypress St. • Suite 110Tampa, FL 33607P: 813-282-6000 F: 813.282-6098David Sobelman • Teal M. HendersonGuenter Manczur, CCIM • Patrick R. Nutt

1521 Concord Pike (US 202) • Suite 301 Wilmington, DE 19803P: 302-235-3017 F.: 775-667-2874Bob Browning • Andrew M. Fallon

Calkain Asset Management200 Wheeler Rd. • 2nd Floor • Burlington, MA 01803P: 781-694-0410 F: 781-694-0415Richard T. Murphy

Calkain Realty Advisors11150 Sunset Hills Rd. • Suite 300 • Reston, VA 20190P: 703-787-4714 F: 703-787-4783 Betty Learned Friant • Brian O’Hear

Capital Retail Group1401 14th St. NW • 3rd Floor • Washington, DC 20005P: 202-319-2884www.capitalretailgroup.comRobert E. Tack • Michelle Tack

Capital Retail Group is founded on the belief in doing a few things very well. It’s straight forward. We know commercial real estate leasing, sales and property management. We know our business.

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

Coldwell Banker Commercial Pennco Real Estate1250 North 9th Street • Stroudsburg, PA 18360P: 570-476-7711 F: 570-476-6130email: [email protected] Bilianis, CCIM • James FondiTeresa Mickens, CCIM • Susan Mikels Northeast Pennsylvania Experts

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 – Conshohocken, PA161 Washington St., Ste. 825Conshohocken, PA 19428P: 610-684-1850 F: 610-684-1857Damon DiPlacido

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

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

Dietrick Group, LLC5100 W. Tilghman St. • Suite 320 • Allentown, PA 18104P: 610-391-8888 F: 610-391-8830www.dietrickgroup.comKelly L. Berfi eldkberfi [email protected] C. Dietrick [email protected] H. [email protected] G. Vasta, [email protected] Estate Sales, Appraisal & Property Management

Equity Retail Brokers101 West Elm St. • Ste. 370 •Conshohocken, PA 19428P: 610-645-7700 F: [email protected] Conston • Lee Cooper • Bart Delfi nerEd Ginn • Kathy Haines • Conrad HeckmannKen McEvoy • Rob Samtmann • Rose UrbanBrian Wherty • Rich Zeller • Gregory Jones Chris Lee • David Goodman

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

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

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 • Marissa VisconsiFred Younkin

RETAIL BROKERAGE DIRECTORY

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

William Barglow • Matthew Behr Timothy Behr • Joanne Berardi Harvey Levine • Nicole SnyderJennifer Yacovelli

Barglow Companies878 Georges RoadMonmouth Junction, NJ 08852www.barglowcompanies.com P:732-297-8700 F:[email protected]

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

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

http://www.azariangroup.com







http://www.capitalretailgroup.com



http://www.cbcpennco.com

http://www.colliers.com/philadelphia

http://www.dietrickgroup.com






http://www.famecoretail.com








MAREjournal.com Mid Atlantic Real Estate Journal — Shopping Centers — December 23 - January 12, 2012 — 17BMAREjournal.com Mid Atlantic Real Estate Journal — Shopping Centers — December 23 - January 12, 2012 — Inside Back Cover B

Michael J. FasanoVice President and Regional Manager

611 River Dr. • 4th Floor • Elmwood Park, NJ 07407P: 201-582-1000 F: 201-582-1010

www.marcusmillichap.com

Urszula Zoltek, David E. Thurston,Michael Lombardi, Greg Babaian, David Cafi ero

Spencer YablonVice President and Regional Manager

101 West Elm Street • Suite 600 • Conshohocken, PA 19428P: 215-531-7000F:215-531-7010

www.marcusmilllichap.com

Derrick Dougherty, Matt Gorman, Andy Kaplin, Jordan Muchnick, Chris Munley,

Brad Nathanson, Michael Shover, Mark Taylor, Dean Zang

Metro Commercial – Mt. Laurel, NJ303 Fellowship Rd • Suite 202 • Mt. Laurel, NJ 08054P: 856-866-1900 F: 856-866-1611Brandon Anapol • Brent Barbehenn • Dan BricknerRob Cooper • Mark Gerlach • Perry GraBoisTom Londres • Lauren McDermott • Pete NicholsonKurt Rumley • Paul Rumley • George Wisnoski Metro Commercial - Conshohocken, PAEight Tower Bridge • 161 Washington St. • Suite 375Conshohocken, PA 19428P: 610-825-5222 F: 610-825-5156Phil Azarik • Joe Dougherty • Donna Drew •Steve Gartner • Brian Goodwin • Randy HopeGlenn Marvin • Mike Murray • Steve NiggemanRoy Perez-Daple • Aaron Repucci Metro Commercial - Center City123 S. Broad St. • Suite 1835Philadelphia, PA 19109Michael Gorman • Steve Gartner

Kay Realty Services, LLC1989 Jumping Brook Rd.Tinton Falls, NJ 07753P:732-918-1148 F:732-918-1628www.kayrealtyholdings.comWilliam Klein, Broker • DeveloperProperty Management • Leasing

Levin ManagementP. O. Box 326 • Plainfi eld, NJ 07061P: 800-755-7194 F: 908-755-7194www.levinmgt.comDale Mulartrick • Jake Frantzman • Barry GreenbergPina Hoel • Stan Bernstein • Dennis Larrison

Joe R. Deerin, CSM • Donna Deerin Ward120 North Pointe Blvd., Suite 301, Lancaster, PA 17601

P: 717-569-9373 T: 800-864-2633www.LMS-PMA.com

Dave Nicholson, Blaze Cambruzzi,Michael Boden, SCSM, Chad Ward, Blake Gross, Joe Spagnola, CCIM

Ted Hummel, CCIM, e-pro, Wilay Boensch

David S. FeldmanRegional Manager – Washington DC Offi ce

Special Assets Services – Regional Director7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814

P: 202-536-3700 F: 202-536-3710www.marcusmillichap.com

Danny Brooker, Josh Feldman, Brandon Jenkins, Kirk Knight, Ed Laycox, Nathan Pealer, Rudolph Rueda, Peter Snell

NAI Keystone Commercial & Industrial, LLCExeter Ridge Corporate Center •3970 Perkiomen Ave. • Ste. 200• Reading, PA 19606P: 610-779-1400 F: 610-779-1985John Buccinno • Bryan Cole • Steve Willems

Remco Realty Group525 MIlltown Rd. • Ste. 101 • North Brunswick, NJ 08902P: 732-253-0888 F: 732-253-0887www.remcorealty.netPeter Gallicchio, Owner/PresidentNicole Zeller - Christopher Virgo - Brian HellerJoseph Marino – Mark DiGiovanni

R. J. Brunelli & Co.400 Perrine Rd. • Suite 405 • Old Bridge • NJ 08857P: 732-721-5800 F: 732-721-9241www.njretailrealty.comRichard J. Brunelli • William A. Lenaz Carl J. Minue • Martin Yaged • John LenazRon DeLuca • Edward AbaidDanielle Brunelli-Albrecht • Michael MurphyAssunta Spedaliere

Rock Commercial Real Estate LLC221 W. Philadelphia • St. Suite 19 • York, PA 17401www.rockrealestate.netRyan Myers, CCIM, • Larry O’Brien, CCIMBenjamin Chiaro, CCIM • Cami Spiridonoff, CPM David Bode, CCIM, SIOR • Dave Keech, CCIM, SIOR Jason Turnbull, CCIM • Kevin Hodge, CCIMMichael Katz, CCIM • Russ Bardolf, CCIMTed Turnbull, CCIM

RETAIL BROKERAGE DIRECTORY

Check here if you’d like a special listing (includes logo and border)

Single Block (2x2) — $50.00 Double Block (2x6) — $100.00

Company Name: _________________________________________________________________

Address:________________________________________________________________________

Telephone/Fax:__________________________________________________________________

E-Mail: _____________________ ___________________________________________________

Website:________________________________________________________________________

Commercial Brokers: ______________________________________________________________

_______________________________________________________________________________

_______________________________________________________________________________

______________________________________________________________________________

Elaine Fanning Mid Atlantic Real Estate Journal | 1-800-584-1062 | fax: 781-871-5299 | e-mail: [email protected]

If you would like to appear in the Retail Directory,

please fi ll out coupon and fax

Ph: 800-584-1062 x 212 Fax: [email protected]

www.marejournal.comP.O. Box 26 Accord, MA 02018

REAL ESTATE JOURNALNJ-PA-DE-MD-VA The Most Comprehensive Source

For Commercial Real Estate News

Elaine Fanning, Publisher

James Balliet, Robert Thompson, Melanie StockerDr. Rex D’Agostino, Cheyenne Reiman

Pete Ambrosino, Heather LynneChristopher Milotich

KW Commercial-The James Balliet Commercial Group

40 S. Cedar Crest Blvd.Allentown, PA 18104

P:610-435-4711F:610-435-2800

www.lehighvalleycommercial.com

David S. FeldmanRegional Manager – Washington DC Offi ce

Special Assets Services – Regional Director7200 Wisconsin Ave. • Ste. 1101

Bethesda, MD 20814P: 202-536-3700 F: 202-536-3710

www.marcusmillichap.comDanny Brooker, Josh Feldman, Brandon Jenkins, Kirk Knight, Ed Laycox, Nathan Pealer, Rudolph

Rueda, Peter Snell

Michael J. FasanoVice President and Regional Manager

611 River Dr. • 4th Floor • Elmwood Park, NJ 07407P: 201-582-1000 F: 201-582-1010

www.marcusmillichap.comUrszula Zoltek, David E. Thurston,

Michael Lombardi, Greg Babaian, David Cafi ero

Spencer YablonVice President and Regional Manager

101 West Elm Street • Suite 600 • Conshohocken, PA 19428

P: 215-531-7000F:215-531-7010

www.marcusmilllichap.comDerrick Dougherty, Matt Gorman,

Andy Kaplin, Jordan Muchnick, Chris Munley,Brad Nathanson, Michael Shover,

Mark Taylor, Dean Zang

Madison Marquette1717 Arch St. • Suite 3930

Philadelphia, PA 19103

Joseph D. MorrisP: 215-399-4186

John-david W. Franklin SCLSP: 215-399-5606

http://www.marcusmilllichap.com

http://www.kayrealtyholdings.com

http://www.%E2%80%A2

http://www.levinmgt.com

http://www.LMS-PMA.com

http://www.marcusmillichap.com

http://www.remcorealty.net

http://www.njretailrealty.com

http://www.rockrealestate.net



http://www.marejournal.com



http://www.marcusmilllichap.com

B Back Cover — December 23 - January 12, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal MAREjournal.com

Snow & Ice SolutionsSM

Let us reduce your overall liability exposure . . .

SEASONAL/ANNUAL CONTRACTS AVAILABLE

Member of

CenovaInc.com

Commercial • Industrial • Retail • 24/7 Call Center•Liquid Anit-Icing •Risk Management •Certified Snow Professionals

•Weather Forecasting/Alerts/Summaries

The Mark Of Excellence In Zero Tolerance Snow And Ice Management™

877• DE• ICE• IT

CONTRACTORS, OWNERS & MANAGERS

ALSO INSIDE:

HI-LIGHTS

Section C of the Mid Atlantic Real Estate Journal

MAREjournal.com

ATLANTIC REAL ESTATE JOURNALMID

Offering a variety of building interior servicesDelmarpa Janitorial Services offers a variety of Janitorial and other services through-out Delaware, Maryland, and Pennsylvania. See Page 5C

GREEN BUILDINGS ............................................................. 6-12C

USGBC NJ ........................................................................10C

NJAA ORGANIZATION .........................................................14C

IREM ORGANIZATION ............................................... 16-IBC-C

Section C, 20 pages

A better way of roofi ng America…using TechnologyKevlar and Titanium Technol-ogy, voted “Top Money Saving Product In 2010” No oil based product – No PVC- No acrylic- No tar-No torching- No fi re-No problems.See page 15C

Sustainable features include motion sensor lighting and effi cient plumbing fi xtures

Dermody Properties announces LEED Silver Certifi cation of Penn Jersey’s corporate HQ

DECEMBER 23 - JANUARY 12, 2012

HILADELPHIA, PA — Dermody Properties, parent company of DP

Partners, has announced that the Penn Jersey (PJP) c o r p o r a t e headquarters and distribu-tion center completed in Philadelphia in April 2011, has achieved LEED (Leadership in Energy

ALSO INSIDE:

HI-LIGHTS

Section C of the Mid Atlantic Real Estate Journal

MAREjournal.com

“It is important to Dermody Properties to help build better businesses through green ini-tiatives and environmentally aware practices,” said James Mascaro, LEED-AP and devel-opment director for the East-ern Region offi ce of Dermody Properties. “The importance of LEED certifi ed projects is sig-nifi cant because of the reduced impact on the environment and the local community. Building to LEED rating system stan-dards provides better facilities for our clients and for the en-vironment.”

Dermody Properties imple-ments conscientious site design in order to reduce the impact on the land and environment around a facility by using recy-cled materials as well as water and energy effi cient systems to reduce use. Dermody Proper-ties also uses natural light-ing and temperature-control systems to improve indoor air quality to promote employee well being and increase pro-ductivity.

“We would like to thank Penn Jersey for allowing us to work with them on their impressive corporate headquarters and distribution center,” said Mi-chael Dermody, CEO/chairman of Dermody Properties. ■

and Environmental Design) Silver Certifi cation from the U.S. Green Building Council (USGBC). LEED Certifi cation is awarded for buildings that are energy efficient and en-vironmentally sustainable in design and operation.

The PJP facility received LEED Silver Certification because of its sustainable fea-tures that reduce energy con-sumption through the use of motion sensor lighting, ef-fi cient plumbing fi xtures and its capacity to regulate 100 percent of storm water on-site in order to reduce pollution caused by runoff. The building is designed to achieve an en-ergy savings of 40 percent and a water use savings of more

than 35 percent.Dermody Properties believes

in sustainability through su-perior design and materials to achieve energy efficient and environmentally conscious facilities for its clients, as dem-onstrated when developing the 255,336 s/f corporate headquar-ters and distribution center for PJP. The LEED Certifi cation of the PJP corporate headquar-ters and distribution center is the fi fth LEED Certifi ed project for Dermody Properties. As an active member and supporter of the USGBC, Dermody Prop-erties has developed 2.2 million s/f of LEED Certifi ed projects in the past three years with a team of LEED-Accredited Pro-fessionals (LEED-AP). All of these buildings are 100 percent occupied.

“I want to praise Dermody Properties for the LEED Sil-ver Certifi cation designation for the Penn Jersey corporate headquarters,” said Philadel-phia Mayor Michael A. Nutter. “Environmentally conscious and energy effi cient buildings are crucial for a more sustain-able future. The City of Phila-delphia encourages private en-terprises to be eco-friendly as we work to become the greenest City in America.”

MONMOUTH JUNCTION, NJ — Cassidy Turley, a com-mercial real estate services provider in the U.S., announced that the fi rm has won a prop-erty management assignment for a 125,728 s/f industrial property.

The property, close to exit 8A on the New Jersey Turn-pike, includes two multi-tenant buildings and is 100 percent occupied.

Senior VP of property man-agement Terry Frassetto led the Cassidy Turley team dis-cussions with ownership which resulted in winning the new

In Monmouth Junction, New Jersey

Cassidy Turley secures industrial property management assignment

assignment. “This is a new client for our

fi rm and we are very excited about the opportunity,” said Frassetto. “Cassidy Turley is continuing to expand and develop its property manage-ment division by leveraging our national platform to provide outstanding services to our clients.”

The fi rm will provide general property management services for owner My Tree Realty, LLC, which recently acquired the site. My Tree Realty, LLC is a Tris Pharma affiliate. Tris Pharma is a rapidly growing

specialty pharmaceutical com-pany and the property’s largest tenant.

Cassidy Turley manages more than 455 million square feet, domestically and internation-ally. The property management division concentrates on the areas of building maintenance and engineering management, accounting and financial re-porting, leasing, market re-search, sustainability consult-ing, project and development services, contract and vendor management, lease compliance and administration, and tenant retention. ■

P

Penn Jersey Corporate HQ

James Mascaro

C Inside Cover — December 23 - January 12, 2012 — Contractors, Owners & Managers — Mid Atlantic Real Estate Journal MAREjournal.com

Register today at www.IREM3.org

February 23 & 24, 20122012 Tri-State Conference

& Expo

Atlantic City, New Jersey

Keynote SpeakerRobin CrowAuthor – Speaker – Entrepreneur

Reserve your room today for ONLY $119.Call 866- MYBORGATA, be sure to men-tion the IREM Conference.

Reservation deadline February 1, 2012

Log onto www.irem3.org for more information on the

2012 IREM Tri-State Conference & Expo.

http://www.IREM3.org

http://www.irem3.org

MAREjournal.com Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — December 23 - January 12, 2012 — 1C

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

http://www.cooperroof

2C — December 23 - January 12, 2012 — Contractors, Owners & Managers — Mid Atlantic Real Estate Journal MAREjournal.com

MAREJ COM

HVAC • NETWORK • SOLAR PANEL INSTALLATION •

SECURITY • CAMERA • SWIMMING POOL GROUNDING •

FIREALARM INSPECTION & INSTALLATION

Contact: VINAY SHAHP: 201-488-6088 F: 201-488-6087

Email: [email protected]

123 Hudson St, Rear Bldg, Hackensack, NJ 07601

Fully Bonded & Insured License #11574

GENERAL CONSTRUCTION

Commercial • Industrial • Residential

IDLAND, VA — Smith-Midland Corporation (SMC), one of the lead-

ers in the precast concrete prod-ucts industry, announced that the U.S. General Services Ad-ministration’s (GSA) Federal Ac-quisition Service (FAS) awarded SMC a Multiple Award Schedule (MAS) contract under Schedule 56, which addresses precast concrete EASI-SET, EASI-SPAN and Restroom buildings. SMC’s new GSA Schedule contract number is GS-07F-0025Y.

With this new GSA schedule, government customers will have direct access to SMC’s precast concrete buildings which are pre-engineered, virtually main-tenance free, secure and can be installed within hours instead of weeks that traditional con-structed buildings would take.

“SMC’s presence on the GSA schedule will allow more gov-ernment agencies to take ad-vantage of our precast concrete buildings,” said Matthew Smith, SMC’s VP of sales and market-ing. “SMC has a long history

For precast concrete buildings

Smith-Midland Corporation awarded GSA FAS scheduleM

a section of the


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

fax 781-871-5299MAREjournal.com

Section PublisherJoe Christman

[email protected]

Section EditorKaren Vachon

[email protected]

Contractors, Owners& Managers

of providing federal agencies with the highest quality precast concrete buildings backed with superior service.”

Smith-Midland Corporation (DE) is a publically traded com-pany. Smith-Midland (VA) de-velops manufactures and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.

SMC has two manufacturing facilities located in Midland, Virginia and Reidsville, North

Carolina.Easi-SetWorldwide, a wholly-

owned subsidiary of Smith-Mid-land Corporation (DE), licenses the production and sale of SMC developed products around the world. ■

No matter what kind of business you have, Hess Energy has an electricity solution that’s sure to work for you now and in the future.From fl exible pricing options to invaluable insights from our trading desk to unparalleled customer support, we make it easy to make the most informed electricity decision possible.

Let us help your business. Visit www.HessEnergy.com/Electricity or contact:

Robert W. WelchSenior Sales [email protected]

Tim ConnorsSales [email protected]

© 2011 Hess Corporation

The power to get ahead.

The electricityyou need.

Joseph SasalaRegional Sales [email protected]

NEW YORK, NY — “We feel that New York City fun-damentals are excellent. The market remains strong….and occupancy is very good,” said Naomi Mirsky, director of capital projects, finance, Denihan Hospitality Group, echoing the positive prognosis for the hospitality industry in Manhattan --and beyond – as expressed by the speak-ers at the Hospitality Forum recently presented by Profes-sional Women in Construction (PWC).

Lois Weiss, real estate re-porter for The New York Post, originated PWC’s series of

Professional Women in Construction presents Hospitality Forum in N.Y.C

forums and reprised her role as moderator for the breakfast program at the General Soci-ety of Mechanics & Tradesmen in New York City.

The strategy of Denihan, a third generation business that owns and/or manages 13 high-end boutique hotels in NYC, Chicago, Washington DC and Miami, is “To invest and grow into key U.S. urban cen-ters” said Mirsky. With “key strengths in the Manhattan market,” the fi rm owns/man-ages such Big Apple hotels as The Surrey; Affi nia Shelburne; James SoHo; The Benjamin; and Affi nia Manhattan. ■

Precast Concrete building




http://www.HessEnergy.com/Electricity





MAREJ COM

BYLON, NY – Stalco Construction com-pleted an extensive

renovation and expansion of the old Babylon Town Hall in Babylon, NY, originally erected in 1917. The project converted the landmark structure listed on the National Register of Historic Places into the Town of Babylon History Museum at Old Town Hall.

According to Stalco Con-struction principal Kevin Har-ney, “Stalco performed the fi -nal, $700,000 phase of the res-toration, which encompassed construction of a two-story, 800 s/f addition that houses a lobby and a hydraulic elevator, in-terior restorations within the original, historic structure and construction of the museum’s exhibition space.”

Stalco Construction served as general contractor for the fi nal phase of the restoration. The project team also included historic restoration consultant and construction manager Historic Construction Manage-ment Corp. (HCMC); structur-al engineer SDG Engineering LLC; and Mechanical/Plumb-ing/Electrical engineer Sidney B. Bowne & Son, LLP.

HCMC lead the entire res-toration investigation and design throughout a fi ve-year, phased renovation and expan-sion process. “The old town hall building underwent a multi-phased restoration. The initial phase encompassed the complete historic assessment and treatment recommenda-tions for the structure, fol-lowed by an extensive exterior restoration,” recalled HCMC principal Joel Snodgrass. “The fi nal, second phase included construction of a historically sensitive addition, selected interior renovations, restora-tion/installation of museum spaces, and ADA compliance improvements.”

The crews removed a section of the town hall’s wall and reused the brick to erect the addition, which is adjacent to the original building. The addition’s lobby opens into the lobby of the old town hall.

“Due to the location and historic value of the old town hall, the preservation design process was highly complex. It was formulated to architectur-ally harmonize the addition with the original building and to blend historic materials and old spaces with the new ones,” adds Snodgrass. ■

Served as general contractor for the fi nal phase

Stalco Construction converts NY town hall into museum

The Town of Babylon History Museum

LOOKING FOR

Full Service Construc on CompanyTo Build a 10,000 SF

Turnkey Day Care Center inWashington Township-Sewell, NJ

Please Contact: E&R Proper es

4346 Frankford Ave,Philadelphia, PA 19124

P: 215-533-0271 Email: [email protected]

A



MAREJ COM

AST NORRITON, PA — Associated Builders and Contractors Eastern

Pennsylva-nia Chapter, Inc. (ABC), opposes the e x e c u t i v e order issued yesterday by Philadelphia Mayor Mi-chael A. Nut-ter re-establishing the use of anti-competitive and costly union-favoring government-mandated project labor agree-ments (PLAs) on city projects in excess of $5 million. ABC objects to the use of govern-ment-mandated PLAs on any taxpayer-funded construction project.

“Mayor Nutter’s executive order is discriminatory and costly. Government-mandated PLAs effectively preclude a majority of qualifi ed contrac-tors and their local employees from building construction projects funded by their tax dol-lars,” said Jeff Zeh, president and CEO of ABC. “PLAs are only promoted by construction trade unions and their allies in an effort to end open, fair and competitive bidding, thereby

“Executive order is discriminatory and costly”

ABC EPA Chapter objects to Philadelphia PLA Ordinance

E

Haftek CWSSafe. Responsible. Enviromentally Friendly.Protected by

US Patents 7118633,7121288, 7124767.

www.haftekcws.com179 RYERSON AVENUE PATERSON, N.J. 07502

P: 973.942.3131 | F: 973-956-5086 | E-mail: [email protected]

A Complete Solution - We Take Care of Everything.

• Highly economical way to remove and recycle your concrete washout water

• Eliminates costly fines and fees for non-compliance

• Containment prevents spill damage to concrete and asphalt

• Replaces outdated washout procedures which are costly and damaging to the environment

• Reduces unsightly messes on job sites

providing unions with a work-force monopoly on construction projects.

“This is nothing more than play to pay politics at its best in Philadelphia,” Zeh said. “The public should hold the Mayor and new Advisory Commit-tee on PLAs accountable for any PLA mandates as these schemes will undoubtedly re-strict competition, increase costs and unfairly cater to nar-row special interests.”

According to Bureau off La-bor Statistics data, 80 percent of construction employees in Pennsylvania elect not to join a union while only 20 percent belong to a union. PLAs are pre-hire contracts that require projects be awarded only to contractors and subcontractors that agree to the following con-ditions, which effective limits the pool of qualifi ed bidders to only union contractors:

Recognize unions as the rep-resentatives of their employees on a project.

Use the union hiring hall ex-clusively to obtain workers.

Obtain apprentices exclu-sively from union apprentice-ship programs.

Force merit shop employers to pay into underfunded union

benefi t plans without the op-portunity for their employees to receive benefi ts from these plans unless they join a union and become vested.

Follow costly, restrictive and ineffi cient union work rules.

Force workers to pay union dues and fees.

The bottom line is that gov-ernment-mandated PLAs re-duce competition, are costly and prevent taxpayers from getting the best possible prod-uct at the best possible price, while discriminating against the majority of qualifi ed area contractors and their skilled construction employees. Learn more about PLAs at TheTruth-AboutPLAs.com.

ABC Eastern Pennsylvania Chapter represents more than 15,000 Merit construction em-ployees who work for more than 500 member companies. ABC was founded on the belief that construction projects should be awarded on merit to the most qualifi ed and lowest responsible bidder. Nationally, Associated Builders and Contractors is comprised of 75 chapters repre-senting more than 23,000 merit shop construction and construc-tion-related fi rms with nearly two million employees. ■

Jeff Zeh

800.617.5936

PROTECTION FOR YOUR INTERIOR-CONTENT-EQUIPMENT-CUSTOMERS-EMPLOYEES

Go Grailey Roof Leak Diverters deliver dependable, emergency protection from any size leak. Protect your property, equipment or inventory!

Keep an Emergency Kit on hand in case of any

sudden problems. When a leak has already

damaged property it’s already too late.

SAVE WHEN YOU

BUY IN BULK.all for more

GraileyLeakDiverters.com

Call for more details or visit us on the web.

YOU are invitedto PARTICIPATE IN

MAREJ’s ODM section !!!

BUILDING SERVICES & SUPPLIERS

JAN 27 TH ISSUEdeadline JAN 13 &RENOVATION/RESTORATIONFEB 24 TH ISSUEdeadline Feb 10

BUILDING EXTERIORS - POAMAINTENANCEMARCH 30TH ISSUEdeadline March 16

MULTI-FAMILYfeaturing NJAA EXPOAPRIL 27TH ISSUEdeadline April 13

If you would like to submit articles or news to appear in the Mid Atlantic

Real Estate Journal, please contact:

Joe Christman, Publisher800-584-1062 x 202 or

email Joe at:[email protected]


http://www.haftekcws.com



elmarpa Janitorial Services, LLC, a fam-ily owned business.

D e l m a r p a Jani tor ia l assoc iates a r e i n d i -viduals who will care as much about your facility or commer-cial space as much as you do! Our concept has enabled us to provide our clients with trained profes-sionals who have the intel-ligence, attitude, desire and determination to maintain the high cleaning standards that you demand for your facility or offi ce space.

Delmarpa Janitorial Ser-vices was founded by Jamar Henry. Mr. Henry wanted to start this business not only because he had a passion for the janitorial industry but be-cause he wanted to help the economy in this recession.

He wants to build the busi-ness so that he can not only help stimulate the growth in the economy, but also help increase the amount of em-ployees and therefore, help-ing decrease the amount of people on unemployment.

Delmarpa Janitorial Ser-vices has a vision for a great-er expansion for this business down the road!

Delmarpa Janitorial Ser-vices offers a variety of Jani-torial and other services throughout Delaware, Mary-land, and Pennsylvania.

With so many choices in the janitorial industry, Del-marpa Janitorial Services, LLC wants you to feel secure in your selection. We offer a free, no obligation consulta-tion to evaluate your current offi ce, facility or Facilities or any janitorial cleaning needs, and to help fi nd opportunities for us to provide the highest quality service within your maintenance budget. ■

We are consistent, friendly and professional

Offering a variety of building interior services

D

Jamar Henry

Delmarpa JanitorialServices, LLC

"We are consistent, Friendly and Professional in all that we do!"

302-943-8529Delaware Maryland and Pennsylvania.

www.DelmarpaJanitorialServices.com

MAREJ COM

http://www.DelmarpaJanitorialServices.com




GREEN BUILDINGS

ASHINGTON, DC — Skanska USA’s commercial devel-

opment business unit in Washington, D.C. announced that it has secured the fi rst lease at the project known as 1776 Wilson Boulevard with the National Association of Chain Drug Stores.

The National Association of Chain Drug Stores (NACDS) represents traditional drug stores, supermarkets, and mass merchants with phar-macies – from regional chains with four stores to national companies. They will oc-cupy 21,605 s/f on the second fl oor beginning in October of 2012.

Skanska USA Commercial Development acquired the site in May of 2010, and is self-financing 100 percent of the development costs. The project is on track to

Altman, Stouffer and Fisher of Cassidy Turley represented the lessor

Skanska signs fi rst lease at Arlington’sfi rst LEED Platinum development

many exciting aspects of this move,” said NACDS president and CEO Steven Anderson, IOM, CAE. “It is said correctly that a trade association should refl ect its membership, and NACDS certainly is doing that here. From fostering safe drug disposal, to pioneering green store design concepts, to de-signing innovative product packaging, NACDS members are leaders in environmen-tally sound and sustainable practices. This new build-ing will present a vivid and constant reminder of these important initiatives.”

Richard Rome and Alex-andra Hunihan of Studley, Inc. represented the Na-tional Association of Chain Drug Stores. Michael Alt-man, Spencer Stouffer and Avi Fisher of Cassidy Turley represented Skanska. ■

Win the Rosslyn-Ballston Cor-ridor, is situated on 45,500 s/f of land and will consist of 108,000 rentable square feet of virtually column-free offi ce space, and 26,000 s/f of ground-level retail space. In addition, there will be 231 spaces of below-grade park-ing. The building will be fi ve fl oors above-grade on Wilson Boulevard and three fl oors above-grade on Clarendon Boulevard with high-ceil-inged retail on the ground floor on both streets. The project includes an extension of North Quinn Street along the western side of the site that connects the street from Wilson Boulevard to Clar-endon Boulevard, breaking up the now existing mega-block.

“Working with a true leader in the area of LEED Certi-fi ed buildings is one of the

deliver in Summer 2012 and will be the first completed LEED Platinum building in Arlington.

“We are seeing really strong activity in the market, par-ticularly for such a sustain-able property with a great amenity base and proximity to transit,” said Rob Ward,

executive vice president and regional manager of Skanska USA Commercial Develop-ment in Washington D.C. “We are thrilled to be welcoming an organization like NACDS as our first tenant in the building.”

The class A sustainable mixed-use building, located

EWING,NJ — Lancaster, PA based High Hotels Ltd.’s SpringHill Suites earned the Environmental Protection Agency’s ENERGY STAR cer-tifi cation. It is one of 15 hotels in the state of New Jersey that currently holds ENERGY STAR certifi cation, according to the ENERGY STAR website directory.

Additionally, the hotel’s own-er, High Hotels, is recognized as a Green Plus-certifi ed com-pany, the Institute for Sustain-able Development’s highest level of recognition for triple-bottom-line sustainability.

“High Hotels will continue its commitment to providing environmentally conscious options for our guests through a robust strategy of reducing impact on the environment,” said Frank McCabe, President of High Hotels. “We looking forward to continuing to grow the number of facilities in our portfolio that qualify for Energy Star certifi cation,” Mc-Cabe said.

An ENERGY STAR certifi ed facility meets strict energy performance standards set by EPA, using less energy and causing fewer greenhouse gas emissions than its peers.

High Hotels’ SpringHill Suites earns EPA’s ENERGY STAREnergy use in commercial buildings and manufacturing plants accounts for nearly half of all energy consumption in the U.S. at a cost of over $200 billion per year, more than any other sector of the economy. Commercial and industrial fa-cilities are also responsible for nearly half of U.S. greenhouse gas emissions which contrib-ute to climate change.

To qualify for the ENERGY STAR, a building or manufac-turing plant must earn a 75 or higher on EPA’s 1-100 energy performance scale, indicating that the facility performs bet-ter than at least 75 percent of similar buildings nationwide. The ENERGY STAR energy performance scale accounts for differences in operating conditions, regional weather data, and other important considerations.

High Hotels Ltd., an affi li-ate of High Real Estate Group LLC and a Green Plus-certi-fi ed company, owns and op-erates eleven hotels in York, Lancaster (2), Harrisburg (2), Reading, and Wilkes-Barre, Pennsylvania; Middletown, New York (2); Annapolis, Maryland, and Ewing, New Jersey. ■SpringHill Suites

1776 Wilson Boulevard

ATTORNEYS AT LAW

Admitted in New Jersey, New York, Pennsylvania and the District of Columbia

hrough its “LEED” Program, the United States Green Building

Council for-mally evalu-ates a con-struction or development project for its environmen-tal features across eight categor ies and awards certifications. LEED establishes both “pre-requisites” and “credit” op-tions for a project to reach certification. If the owner intends to seek LEED certifi -cation, its planning should in-clude budgeting, scheduling and contract terms to address the particular construction stage issues which will arise in a LEED Project.

Specifi cations for LEED Construction Practices

LEED points and pre-req-uisite categories encompass the contractor’s construction practices, including anti-ero-sion measures, reusing ma-terials, recycling waste from construction and securing materials and services from local or regional sources (so as to minimize transporta-tion costs and energy used in transportation). Construc-tion supplies, particularly carpentry materials, should be protected on site against moisture to prevent mold.

Good contractors already implement some “green” practices to comply with regulations and to reduce costs. Contractors will often salvage materials ranging from copper piping to valu-able finishes for recycling or resale. Effi cient contrac-tors avoid excessive fuel and heavy equipment use by minimizing hauling cycles. Typically, these fall within the “means and methods” of the contractor and are not set forth in the specifi cations.

However, there is a differ-ence between a contractor’s recycling and other practices, as its own means, and being required to strictly carry out such practices and then submit documentation upon them. Therefore, supple-ment specifications should detail what environmental construction practices must be carried out and how they should be documented.

Structuring the Role of the Commissioning Agent

By Deborah Hollander, Esq., Sheak & Korzun, P.C.

Contracting for the construction of a LEED project

TLEED requires the desig-

nation of a “Commissioning Agent” who reports directly to the owner on the design, construction and testing of the HVAC, domestic hot wa-ter, lighting and window systems. On projects of more than 5000 square feet, this agent must be independent of the architect and the con-tractors. The LEED crite-ria is vague on how much authority this Commission Agent should exercise. The construction, design and con-sulting contracts, however, should specify whether the Commissioning Agent has fi nal authority (and the abil-ity to bind the owner) over the design, construction, change orders and directives

for these systems. Scheduling Concerns

LEED emphasizes inte-grating the design of different building components from the start to maximize resource effi ciency. Early attention to these issues can eliminate confl icts between structural design and building system designs, often a major source of delay and change orders. However, other factors may increase the potential for delay. By emphasizing inno-vative technology, and “green sourcing,” a LEED design or project can severely limit the number of sources for critical path items, or of subcontrac-tors familiar with particular installations. Some technolo-gies are currently available

Deborah Hollander

only from European compa-nies. The scarcity and dis-tance of sources may result in having to order and (pay for) signifi cant components much earlier than in traditional construction. If for some rea-son, the initial source fails to deliver on time, the con-tractor has fewer options to quickly replace those sources. This creates a potential for project delays. Ideally, a project should be planned with as much “fl oat time” in its schedule to minimize the impact of such disruptions.

BudgetingThe owner should pre-qual-

ify bidders or negotiate with fi rms experienced in green construction. While propo-nents argue green construc-


GREEN BUILDINGS

tion ultimately saves money, owners should not expect those savings to be realized in the construction bids. Even in a depressed market, owners asking contractors to undertake additional tasks, and utilize special materials, should expect to pay accord-ingly. A contractor whose price does not refl ect this ad-ditional work, may prove un-able to meet its obligations, ultimately, to the detriment of the owner and the potential LEED certifi cation.

Deborah Hollander, Esq. holds a certifi cate in Con-struction Management. Sheak & Korzun, P.C.,’s attorneys practice in D.C., New Jersey, New York and Pennsylvania. ■

At 43rd Annual Dinner & Awards

Avidan Management receives Environmental Award from PlanSmart New Jersey


GREEN BUILDINGS

Tired of being held hostageby your energy costs?

For over 26 years, we at Aegis Energy Services havehelped hundreds of customers reduce their energycosts by installing our highly efficient Combined Heat & Power systems.

Building owners and operators can take full advantageof this green, energy-saving technology without anycapital cost through our Shared Savings Program.

Free energy analysis - call us today to see how much you can save with Aegis.

55 Jackson St., Holyoke, MA 01040

413-536-1156 • 877-903-5170

www.AegisEnergyServices.com

EL I Z A B E T H , N J — Avidan Manage-ment, one of the re-

gion’s foremost owners and managers of industrial and commercial real estate, an-nounced that PlanSmart New Jersey recognized the fi rm for its ongoing commit-ment to the environment and sustainable develop-ment in New Jersey. The independent, non-profit planning and research orga-nization presented Avidan with an Environmental Achievement Award dur-

ing its 43rd Annual Dinner and Awards on November 9 at the Hyatt Regency-New Brunswick.

Earlier this year, Avidan completed the installation of a 4.26-megawatt solar elec-tric system at its refriger-ated distribution facility at 145 Talmadge Road in Edi-son. At 17 acres and 17,745 solar panels, the system was the largest rooftop-mounted solar panel installation to have been completed in the entire country at the time.

“PlanSmart New Jersey is making a positive impact through advocacy of respon-sible land use and plan-ning, and we consider it a tremendous honor that the organization has chosen to recognize Avidan,” said Avi Avidan, Managing Member of Avidan Management. “A cornerstone of our company’s approach to responsible busi-ness practices has always been to maintain awareness of the impact of our facilities on the environment, and we encourage other businesses

to consider sustainability when making business deci-sions.”

The solar electric system at Avidan’s Edison facility will produce more than 5 million kilowatt hours an-nually -- enough to service about half of the power needs of the building’s multiple tenants, which utilize the facility as offi ce space and for the storage of dry goods and refrigerated and frozen foods. In the fi rst month af-ter installation, the system

reduced electrical costs by 70 percent at the building. In order to meet the goal of reducing energy consump-tion by 30 percent, Avidan Management invested an additional $4 million in en-ergy effi ciency measures at the site.

Avidan thanked project collaborators Solar World and Solar Nation, as well as the Board of Public Utilities, PSE&G, and numerous oth-er state and local offi cials for their contributions toward completing the monumental project. ■

NEW JERSEY — AKRF, Inc. is proudly celebrating its 30th anniversary as one of the North-east’s leading environmental, engineering and planning con-sultants.

Founded in New York in 1981, AKRF has expanded over the past 30 years to include offi ces in New Jersey, White Plains, Long Island, Baltimore/Washington DC and Connecticut. With a staff of nearly 200 planners, engineers, scientists and other environmental professionals, the fi rm has provided assess-ments of thousands of projects for public and private sector clients.

“In the 30 years since AKRF was founded, we have consis-tently strived to provide out-standing service to our clients throughout the Northeast,” said Edward Applebome, president and CEO of AKRF. “I am proud of both the success we have achieved and the reputation we have built. Our staff has helped us achieve these results with its skill, professionalism and dedication.”

Initially specializing in en-vironmental impact assess-ments, AKRF has grown into a multidisciplinary firm with practice groups focusing on acoustics, noise and vibration; air quality; climate change; cul-tural resources; economics; geo-graphical information systems (GIS); landscape planning and design; municipal and regional planning; natural resources; permitting and compliance; site assessment and remediation; site/civil engineering; traffic and transportation; and water resource management. ■

AKRF celebrates 30th Anniversary

http://www.AegisEnergyServices.com


NJ SmartStart Buildings® is a registered trademark. Use of the trademark without permission of the NJ Board of Public Utilities is prohibited.

To learn more, visit NJCleanEnergy.com/ALLY or call 866-NJSMART to speak with a program representative.

As a valued design partner, you can take a whole-building approach to your clients’ energy projects with Pay for Performance from New Jersey’s Clean Energy Program.

How? Start by qualifying to become an approved Pay for Performance program partner. Then you can create the energy reduction plans that earn your large-scale clients substantial financial incentives and energy savings that radically slash their utility bills.

Best yet? The more energy your clients save, the more incentives they earn…up to $2 million per project plus another $1 million on Combined Heat & Power (CHP) installations.

The Economic Development Authority is offering revolving loan

funds to Pay for Performance participants, allowing your clients to

finance up to 80% of their energy savings measures at interest rates

as low as 2%.

Financing Now Available from NJ EDA

SmArt SAviNgS…

By DESigN


U. S. Green Building Council, NJ Chapter

Number of New Jersey chapter members: 964

Number of USGBC member Companies in NJ: 357

Number of LEED Accredited Professionals in NJ: 3155

Number of LEED registered projects in NJ: 400

Number of LEED certifi ed projects in NJ: 142

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

VICE CHAIRWilliam G. Lashbrook IIIPNC Real Estate

TREASUREREd SeligaAdvanced Solar Products, Inc.

SECRETARYWayne D. DeFeo, LEED APDeFeo Associates

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

DIRECTORSDavid CardellaCardella Waste ServicesRJ Donnelly, LEED APDonnelly Industries, Inc.Nicholas Fabbroni, LEED APUMDNJBill Gates, LEED AP BD&CHunt ConstructionGerard Hazel, LEED AP, HBDPSustainable Systems, LLCRey MontalvoConsolidated Energy DesignJoe Porrovecchio, LEED AP, CRMCarbon-Key, LLCPaul Qvale, LEED APHillmann GroupLisa San Filippo, AIA, LEED AP, BD&CTurner Construction Co.Faith TaylorWyndham WorldwideAndrew Topinka, CPMRTechnical Group Services, IncGregg Woodruff, PP, AICP,LEED AP, BD&CLangan Engineering &Environmental Services, Inc.

EXECUTIVE DIRECTORFlorence Block, LEED Green Associate

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

FLORENCE BLOCK

Dear Friends and Colleagues,

As the year of 2011 ebbss, we refl ect upon the events, challenges and accomplishments of the past year. Clearly, the times have tested our resolve to overcome economic and worldwide challenges of peace and politics that have impacted both our personal and professional lives.

It has become apparent that there is a new emerging economy, largely centered on energy effi ciency and the supply chain that surrounds and serves this initiative. A real barometer of this trend is the growing number of states and municipalities that have and continue to adopt ordinances and policies on both a statewide and local level. In reviewing the most recent statistics, the Northeast weighs in as follows relative to Green Building Ordinances, largely LEED® based. To see the complete National Detail please visit: http://www.usgbc.org/DisplayPage.aspx?CMSPageID=1852#MD

A snapshot of our region:

Connecticut: Statewide + 6 Municipal OrdinancesDelaware: 3 Municipal OrdinancesMaryland: Statewide + 14 OrdinancesNew Jersey: Statewide + 19 OrdinancesNew York: Statewide + 32 OrdinancesNew Hampshire: 4 OrdinancesRhode Island: Statewide + 1 OrdinanceMassachusetts: Statewide + 9 OrdinancesWashington DC: District WidePennsylvania: Statewide + 16 OrdinancesVirginia: Statewide + 10 Ordinances

Additionally, according to the USGBC Real Estate Roundtable, employment in Green Professions and Technologies and their related supply chains are projected to add 114,000 jobs in the upcoming year. For details visit:https://www.usgbc.org/ShowFile.aspx?DocumentID=10540

One way in which each of us can have a voice to impact the Green Economy and Green Building Industries is to become involved in the USGBC-NJ and join a committee of your interest. Our current year elections have come to a close (our new board will be announced on 12/31) but your vote in future board elections is key in setting our direction in Chapter governance. To see a complete committee list please visit: www.usgbcnj.org/committees and www.usgbcnj.org/branches.

On behalf of the USGBC-NJ Board of Directors, Staff and Membership we wish you and your families a happy, healthy, and prosperous Holiday Season & New Year fi lled with peace.

Florence Block LEED Green AssociateExecutive Director USGBC NJ

Citations: U.S. Green Building Council, Making the Business Case for High-Performance Green Buildings (Washington, D.C.: U.S. Green Building Council, 2002); Green Building Through Integrated Design (Jerry Yudelson, Green Source / McGraw-Hill Construction, 2009)

Chapter Events

1/9/12 – USGBC-NJ North Branch Presents: Introduction to the International Green

Construction Code (IGCC).

Letter from the Executive Director

For details on all USGBC-NJ events, visit http://www.usgbcnj.org/

http://www.usgbc.org/DisplayPage.aspx?CMSPageID=1852#MD

https://www.usgbc.org/ShowFile.aspx?DocumentID=10540

http://www.usgbcnj.org/committees

http://www.usgbcnj.org/branches

http://www.usgbcnj.org


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

Customized Energy Reduction Plans

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

ADDLE BROOK, NJ—CBRE, New Jersey’s largest commercial real

estate brokerage firm, an-nounced that Morris Corpo-rate Center 1, located at 300 Interpace Parkway in Parsip-pany, N.J., has earned the U.S. Environmental Protection Agency’s prestigious Energy Star recognition, the national symbol for superior energy effi ciency and environmental protection. The site is now included on the Energy Star registry, which lists buildings that are leaders in energy ef-fi ciency.

To qualify for the Energy Star certification, a build-ing or manufacturing plant must earn a 75 or higher on the Environmental Protec-tion Agency’s 1-100 energy performance scale, indicating that the facility performs bet-ter than at least 75 percent of similar buildings nationwide. Commercial buildings that

earn Energy Star recognition use 35 percent less energy and generate 35 percent fewer greenhouse gas emissions than similar buildings across the nation.

“The commercial real estate industry knows the impor-tance of the Energy Star rating because energy use in commer-cial buildings and manufactur-ing plants currently accounts for nearly half of all energy consumption in the nation and costs over $200 billion each year,“ stated Brian. J. Godau, Vice President, CBRE Broker-age Services. “Tenants are seeking out properties such as Morris Corporate Center 1 because they know such properties are high quality and provide the most energy-effi cient space available on the market today.”

The building is part of Mor-ris Corporate Center 1 and 2, a premier 520,000-square-foot Class A offi ce campus located

in the highly desirable Par-sippany office market. The campus recently underwent an extensive capital improvement program that cost more than $5 million. It included adding new common areas and a lob-by, putting green, HVAC up-grades, and a green initiative with energy-efficient HVAC rooftop units and roofs.

Morris Corporate Center 1 and 2 is strategically located at a four-way interchange off I-80 in Parsippany, less than a mile from the intersection of Interstate 287 and Routes 46 and 202. The campus is also conveniently located near New York City and Newark Liberty International Air-port. Situated on a 31-acre campus, the park’s amenities include a pond, gazebo, one-mile walking/jogging path, executive covered parking, two cafeterias, fi tness center, ATM, on-site management and security. ■

From U.S. Environmental Protection Agency

CBRE announces Morris Corp. earns Energy StarS

CHICAGO, IL — Jones Lang LaSalle announced that it has launched IntelliCommand™, the industry’s fi rst integrated building management solution that combines cloud-based, smart-building technology with a world-class team of engineer-ing and operations professionals to enable 24/7, real-time remote monitoring and control of facili-ties and portfolios worldwide.As an industry leader in facil-ity and property management, providing services to more than 250 major corporations total-ing 1.8 billion s/f of real estate globally, Jones Lang LaSalle wanted to create a solution

that combined smart technology with building operations exper-tise and facility management execution.The IntelliCommand portfolio management system leverages leading-edge technol-ogy from Pacifi c Controls to en-able 24/7 real-time monitoring and control to deliver seamless solutions for worldwide port-folios from a central location. IntelliCommand’s continuous commissioning feature monitors performance of building systems and equipment, from HVAC to air compressors, to ensure that all systems operate at peak ef-fi ciency individually and in com-bination with one another, fully

leveraging and integrating Jones Lang LaSalle’s robust integrated facilities management delivery platform.IntelliCommand is powered by Pacifi c Controls, the leading provider of ICT-enabled managed services and converged engineering solutions for build-ings and infrastructure projects globally.When IntelliCommand detects an anomaly that can-not be automatically adjusted, it alerts on-site engineers or deploys resources to address specifi c problems, and also often diagnoses the problem to make resolution by facility managers easier and faster.To watch a video of IntelliCommand at work. ■

Jones Lang LaSalle launches fi rst global smart-building cloud-based portfolio management solution

NJPAjocommercialreal

estate events onur-nal.com

Want to see your upcoming

commercial real estate eventfeatured on

marejournal. com?

E-Mail your upcoming event information to

[email protected]




GREEN BUILDINGS

FULL SERVICE SOLAR

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

For a Free Solar Evaluation and Site Survey -Call: 908.782.4172 or

Visit www.SunFarmNetwork.comEmail: [email protected]

http://www.SunFarmNetwork.com


METAL BUILDING RE-ROOFING

METAL SYSTEMS

www.RoseMTL.com 717-245-0883

ING OF PRUSSIA, PA — Maxwell Systems, Inc., a provider of com-

plete construction business management software solu-tions, today released Maxwell Systems™ProContractorMX version 2.8, which delivers important capabilities to en-hance overall system perfor-mance, includes infrastruc-ture upgrades, and provides valuable features to help Canadian contractors handle payroll and taxes.

“We continue to enhance ProContractorMX to meet the needs of our customers and ensure the solution is leveraging the latest in tech-nology infrastructure for opti-mal benefi t,” said Jim Flynn, president & CEO of Maxwell Systems. “We are pleased to evolve the solution to best sat-

Construction business management software

Maxwell Systems releases ProContractorMX Version 2.8

isfy Canadian contractors as well, having been a presence in Canada for more than a decade, we understand their unique challenges and how software can help.”

The notable capabilities de-livered in ProContractorMX 2.8 include:

New feature to handle sales and use (self-assessment) tax for U.S., Canada, and Australia.

New feature to automatical-ly transfer daily fi eld report items, such as WIP percent complete for billing and re-porting, entered on an iPad directly to your back offi ce.

Enhancements to features for efficiently managing workforce reporting and con-struction payroll, including government, state/province,

Davis-Bacon Certifi ed payroll reporting, union, workers’ compensation, and benefit tracking for merit shop.

Enhancements to features allow users to virtually and securely fi le, access, and man-age all important employee documents, such as W-4s and TD-1s, I-9 details, copies of drivers’ licenses, etc.

Maxwell Systems ProCon-tractorMX is a comprehen-sive, all-in-one construction management software solu-tion that includes key capa-bilities for takeoff; estimating; bids and proposals; manage-ment of projects, fi nancials, procurement, inventory, em-ployees, payroll, and equip-ment; and intelligent dash-boards and critical reports for timely analysis of projects or the overall business. ■

K

WOODBURY, NY – More than 200 construction execu-tives attended the Construc-tion Financial Management Association of Long Island’s (CFMA LI) 4th Annual Din-ner Gala. The gala honored Bryan Sumcizk, president of Capitol Concrete, Inc. as the 2011 Construction Executive of the Year. The event ben-efi tted Contractors For Kids, a Long Island charity sup-ported by the construction and building industry, which received $40,000 raised by CFMA LI.

CFMA LI president, Wil-liam Gary Morrissey, said: “Today we have an opportu-nity to recognize one of the most prominent construc-tion industry leaders in the

Construction Financial Management Association of Long Island holds 4th Annual Dinner Gala

region. Bryan Sumcizk, the 2011 Construction Execu-tive of the Year, is a leading practitioner of modern fi nan-cial management techniques within the AEC industry.”

“CFMA Long Island’s goals encompass not only profes-sional development of the building industry’s leaders, but also building and improv-ing our community,” added Andrew Meyerson, vice presi-dent and event chairperson of the CFMA LI Chapter and CFK Board Member. “We are proud to support Contractors For Kids and help improve the lives of Long Island’s chil-dren and their families.”

Established in 1981, CFMA is the only nonprofi t organi-zation in the United States

dedicated to serving the edu-cational and professional de-velopment needs of construc-tion fi nancial professionals. CFMA represents a cross section of the construction industry, including general contractors and specialty trades as well as developers, construction managers, archi-tects, engineers, and material and equipment suppliers. Its members include profession-als in the accounting, insur-ance, surety, software, legal, and banking industries.

CFMA chapters in major cities from Maine to Ha-waii offer local workshops, seminars, and programs that complement member services provided by CFMA Head-quarters in Princeton, NJ. ■


MAREJ COM FeatureYour

Project~ Developments ~~ Construction ~~ Renovations ~

in theMid Atlantic

Real Estate Journal

for more information call

800-584-1062

Built Category Merit Award Winner: Sauber Residence addition

Photo credit: Matt Wargo

MAREjournal.com

Mid Atlantic Real Estate Journal — DELMARVA — December 19, 2008 - January 15, 2009 — 11B

NEW JERSEY CHAPTER OF THE AMERICAN INSTITUTE OF ARCHITECTS 2008 DESIGN AWARD WINNERS

Winning projects include ikon.5 Architects’ Center for Wellness, The College of New Rochelle, in New Rochelle, NY

Presenting public and professional recognition

to architectural projects that exhibit design excellence

RENTON, NJ — The

New Jersey Chapter of

the American Institute of

Architects (AIA-NJ) announced

the winners of its Annual Design

Awards Program, which brings

public and professional recogni-

tion to architectural projects that

exhibit design excellence.

The awards were announced

during the Oct. 3rd AIA-NJ

Design Conference, held at the

historic Great Auditorium in

Ocean Grove. A formal awards

gala to recognize the winners will

be held in January at the Liberty

House in Jersey City.

Architects and projects were

divided into built and un-built

categories, which both include

honor and merit awards. In

addition, merit awards were

presented in the preservation

and design-build categories.

Winners include:

BUILT CATEGORY

Honor Award

Architect: ARO, based in New

YorkProject: The School of Archi-

tecture addition at Princeton

University, Princeton.

The addition, which is enclosed

in glass and steel, includes a new

lobby, student lounge, elevator

and cantilevered steel stair.

The addition links the school’s

two-story south wing, where

its administrative offi ces and

library are located, and its three-

story north wing, which includes

studios and classrooms. The

2,000 s/f project fashioned a new

modern identity for the building

that meaningfully references the

existing 1963 architecture.

Honor Award

Architect: MJ Sagan Architec-

ture, based in Princeton.

Project: Abercrombie & Fitch,

Building U Data Center, in New

Albany, OH.The data center houses the

company’s IT support team, so

the open studio plan encourages

communication and collabora-

tion, while also affording gener-

ous natural light and views of the

surrounding landscape.

Merit Award

Architect: ikon.5 Architects,

based in Princeton.

Project: Center for Wellness,

The College of New Rochelle, in

New Rochelle, NY.

The Center for Wellness is

designed as a paradisiacal Gar-

den of Eden, sheltering visitors

from the urban distractions that

surround it. The landscape and

architecture reinforce a sus-

tainable approach that allows

the building, which achieved a

LEED Silver rating, to conserve

ing is consistent with regional

practices in marine construc-

tion.UN-BUILT CATEGORY

Merit Award

Architect: RMJM Hillier, based

in Princeton with offi ces in New

York, Philadelphia and Wash-

ington, D.C.

Project: Las Colinas Convention

Center in Irving, TX.

The programmatic volumes

were stacked to become a visual

focus in the landscape. They

were subsequently rotated to

optimize views and to create

large overhangs that shade the

terrace. Copper was selected as

a material for the building skin

because it complements the lo-

cal colors, but more importantly,

T

864 Mapleton Road Suite 100

Princeton, NJ 08540

609.919.0099

www.ikon5architects.com

ikon.5 architects

10B — December 19, 2008 - January 15, 2009 — Mid Atlantic Real Estate Journal

MAREjournal.com

energy. Through the use of natural

materials and light, the space

merges building and landscape.

The natatorium is a grotto carved

beneath a contemplative roof

garden, and the holistic medita-

tion room cantilevers out over the

site like a rock ledge, providing a

perch for meditation in the sur-

rounding grove of trees.

Merit Award

Architect: Ricci Greene Associ-

ates, based in New York with

offi ces in Lexington, KY, and

Providence, RI.

Project:Union County Juvenile

Detention Center in Linden.

The 72,000 s/f juvenile deten-

tion center is a “thin” building

- only one room deep - that wraps

around the 1-acre outdoor court-

yard. Ample natural light and

views of the exterior through

expansive security glass panels

connect occupants to the outside

world, and the light emanating

from the gymnasium at night cre-

ates a glowing island of respite

and calm.Merit Award

Architect: Michael Ryan Archi-

tects, based in Loveladies with

an offi ce in Philadelphia

Project: Sauber Residence in

Loveladies.The site for this house is

located on a barrier island in

New Jersey, and the intension

was to create a secluded envi-

ronment for relaxation. A large

screened room acts as a bridge

to the outdoors and is the focus

of summer living, and a viewing

tower, which provides a space for

sunbathing, offers views of the

bay and ocean.

In addition, the Atlantic white

cedar siding is stained to mimic

the eventual weathering of the

material, and the fi berglass roof-

Built Category Honor Award Winner: Princeton University School of

Architecture addition Photo credit: Paul Warchol

Built Category Merit Award Winner: Center for Wellness, The College

of New Rochelle, in New Rochelle, NY because it is a material that

changes by every touch as its

patina grows over time.

In addition, the sky terrace

and connecting stairs become

a landscape of exchanges - a

temporary suspension between

the absolute public and private

realms, where people leaving

and arriving, irrespective of

age and purpose, can meet and

exchange ideas. Merit Award

Architect: David Yum Archi-

tects, based in New York

Project: Evening Land Winery

in Santa Barbara Cty., CA.

The starting point of the proj-

ect came from company’s name,

“The Evening Land,” which is a

reference to Hesperia, the lands

of calm, beauty and golden har-

vests in Greek mythology.

The buildings are perched at

the western edge of the lower

vineyard, and large pools re-

fl ect the vast sky. A staircase

descends into the center of the

pool; doors at the bottom of the

stairs lead to the barrel storage

room. In addition, a sculptural,

operable screen fi lters light for

the winemakers during the day,

reducing the need for artifi cial

lighting during work hours.

PRESERVATION

Merit Award

Architect: Tarantino Archi-

tects, based in Millstone.

Project: The Bachman-Wilson

House, designed by Frank Lloyd

Wright, in Millstone.

Built Category Merit Award Winner: Union County Juvenile Detention

Center Photo credit: Mikiko Kikuyama

The house, which is listed on

the National Register of His-

toric Places, is located along

the Millstone River in Millstone

Borough.Preservation efforts began

this year with the relocation

to the property of an historic

Vermont hay barn. The 250-

year-old barn is situated in the

location of the original Millstone

House Inn and Barn, which

were destroyed in 1928.

DESIGN BUILD

Merit Award

Design-Builder: Hall Con-

struction, based in Howell,

and Stantec, with offi ces in

New York Project: Reconstruction of

the Hoboken Clock Tower in

Hoboken.The replication and recon-

struction of the Clock Tower

at New Jersey Transit’s Train

Station in April 2008 is part

of Hoboken’s continuing re-

naissance and completes the

re-creation of the Hoboken

Ferry Terminal’s original ap-

pearance.The original Clock Tower, con-

structed in 1906 and demolished

in the 1950s after being dam-

aged by high winds, was 225 ft.

high and made from structural

steel clad in ornamental copper.

The tower featured a clock on

each face, a 2,500 lb. bell, an

open belfry under the pinnacle

and the “Lackawanna” name

illuminated on each façade.

The reconstructed tower is

clad in copper and includes a

working clocking, as well as

illuminated “Lackawanna” let-

ters on each elevation.

Un-Built Category Merit Award Winner: Las Colinas Convention

Center

ARO

IKON.5 ARCHITECTS

RICCI GREENE ASSOCIATES

SAUBER RESIDENCE

RMJM HILLIER

Merit Award Winner:

Reconstruction of the Hoboken

Clock Tower Photo credit: Hall

Construction Co. and Stantec, Inc.

HALL CONSTRUCTION

AND STANTECDAVID YUM ARCHITECTS

Un-Built Category Merit Award Winner: Evening Land Winery in

Santa Barbara Cty., CA

Center for Wellness, The College of New Rochelle

What the judges said: “Merit was awarded on the quality

of the natatorium.”

Evening Land Winery in Santa Barbara Cty., CA

What the judges said: “The abstract presentation was

compelling,” & “The entry sequence and the framing of the

view of the landscape beyond were the strongest points of

the design.”

Saturday, January 10, 2009

The Liberty House

Jersey City, New Jersey

6:00 to 11:00 PM

Black Tie

• To purchase Dinner Tickets and

Advertisements in the Awards

Journal please visit

http://www.aia-nj.org/

• Sponsorship opportunities are

available

the most comprehensive source for commercial real estate news

Matan Companies goes green with Riverside Five, a new class-a,

four-story of ce building containing 126,151 s/f.

Utilizing USGBC’s guidelines, the development and construction will

yield a more energy-ef cient building, reducing operating cost and

helping to minimize its environmental footprint. ..............Pages 12-13D

Inside:

SectionsMid Atlantic ............

........................

...................Section A

Financial ........................

........................

.............Section A

New Jersey ........................

........................

........ Section B

Pennsylvania ........................

........................

... Section C

DelMarVa ........................

........................

........... Section D

Contractors Owners & Managers ................ Section E

Annual Review ........................

........................

. Section F

Shopping Centers ..........................

......................Section G

Spotlights / Features

Ask an Expert/Directory .......................

.............16-17A

Southern NJ AI Organization ........................

...18-19A

Sales & Leases ........................

........................

.............20A

Auction Directory ........................

........................

.......23A

TriState organization ........................

................24-25A

Business Card Directory ........................

.................27A

Events Calendar ........................

........................

..........28A

Billboard / Classi eds ........................

................ IBC-A

Union County, NJ ........................

........................

.......7-14B

Central PA ........................

........................

....................7-14C

Architecture/Engineering ............................

................. 7-18D

Safety/Security ........................

........................

........ 7-13E

Columnist

Michael Hess ........................

........................

....................2A

IndexAdvertisers Directory ............

........................

.............3A

Next Issue

January 16, 2009

• ROP

• NJ featuring Southern New Jersey

• PA featuring Eastern PA

• DelMarVa featuring New Castle County, DE

• Financial Digest

• Contractors, Owners & Managers

featuring Building Services

• Shopping Centers

featuring Best of 2008 Cover Stories

• Economic Development Spotlight

7 sections, 192 pages

Vol. 20, Issue 21 December 19, 2008 - January 15, 2009

REAL ESTATE JOURNAL

PROJECT OF THE MONTH

Riverside FiveReviewing The Top Stories Of The Year Along With The Movers And

Shakers That Helped Make 2008 A Winning Year......................Section F

Riverside Five in Frederick, Maryland

http://www.RoseMTL.com

http://www.ikon5architects.com

http://www.aia-nj.org


President

Jeff Smith,

Kriegman & Smith

Regional VP North Jersey

Brent Kohere,

Home Properties

Regional VP Central

William Dailey,CPM

CIS Management Inc.

Regional VP South

Joe Spadaccini

The Kamson Corporation

VP Associate Affairs

Ray Fiorica

AFR Furniture Rentals

Legislation VP

Michael C. Haydinger

First Montgomery Group, AMO

Treasurer

Lynne Aber

Bertram Associates

Secretary

Stephen Waters

Morgan Properties

New Jersey Apartment AssociationAdvance & protect the welfare of the apartment industry in NJ

STATE HOUSE UPDATES-- NJAA Presents BPU’s Solomon with Leadership Award

Jeff Smith, NJAA President, and Conor Fennessy, VP - Government Affairs, presented BPU

President Lee Solomon with the Association’s President’s Award for Leadership in Regulatory

Reform on Dec 13 in Trenton. Jeff Smith commented, “President Solomon has been a strong

supporter of multi-family rental housing and his efforts to promote green technologies make him

the obvious choice for our Leadership in Regulatory Reform award. In just two brief years, the

Christie-Guadagno Administration and the BPU have moved farther and faster to advance utility

sub-metering for rental housing than in the entire decade prior. This success is a testament to the

Governor, Lt Governor, President Solomon and his team at the Board. We will miss Lee Solo-

mon, but wish him well on his return to bench in Superior Court.” Solomon joins Lt Governor

Kim Guadagno, our 2010 honoree, as the only recipients of NJAA’s prestigious award.

-- Controversial, Duplicative & Redundant Façade Inspection Bill Narrowly Passes Assembly

Legislation aimed at creating redundant inspections of high-rise building facades and exteriors,

and long opposed by the NJAA and most professional real estate trade groups, was narrowly ap-

proved by the General Assembly on Thursday in a 50-19-2 vote. (41 votes are needed for pas-

sage.) The bills, S-2771/A-3895, are modeled after façade inspection requirements initiated in

Philadelphia, where there is no regulatory equivalent to comprehensive NJ’s Hotel & Multiple

Dwelling Act. The bill seeks to transfer jurisdiction over facades from the NJ Department of

Community Affairs (DCA) to local, municipal enforcement entities. In New Jersey, this could

mean 566 different local enforcement practices - which would result in chaos for professional

multi-family operators. The NJAA has opposed this ill-advised initiative every step of the way

- in Assembly Housing & Local Government on May 5 and June 13, as well as in the Senate

Community & Urban Affairs Committee on May 12, and the Senate Floor on Sept 26. A-3895/

S-2771 now goes back to the State Senate for a vote approving changes made by the Assembly.

The NJAA will continue to oppose this unnecessary solution in search of a nonexistent problem.

2012 CONFERENCE & EXPO - BOOTH SALES NOW OPEN!!

Our 2012 Conference & Expo is scheduled for May 21-23 at the Atlantic City

Convention Center, this year we are pleased to announce Garrison Wynn as our

Tuesday Keynote Speaker.

SAVE THE DATE - 2012Annual Membership Meeting and Installation - January 25, 2012 -Imperia on Easton, Somerset

(Franklin Twp.), NJ

Maintenance Mania - March 13, 2012 - NJ Convention & Expo Center, Edison, NJ

MULTIFAMILY

FowlerThe Commercial Laundry Specialists

www.fowlercompanies.com

Serving Apartment Communities since 1952

* Commissions - Sales - Service *

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

800-334-1824 X127

MAREJ COM


FINAL FLAT ROOF (FFR) owner and in-ventor Sean Sanborn,

a retired military Vet and a member of the elite Special Forces, explains to his exclu-sive dealer team for the North-east USA and Canada, Louis Meyer and Joe Montana, how FFR is forever changing the fl at roofi ng industry.

Joe Montana said at the FFR Florida council, “I have been in the construction busi-ness for over 30 years and I have never used anything as easy on a fl at roof.”

Louis Meyer and Joe Mon-tana agreed in a room full of roofers that the Insulation Performance was so good that after an install at one Port Authority of NY/NJ building the reported average “energy savings for July/Aug 2011 was 27-33% respectively”. That’s huge!

Roof surface temps went from 154F to 86F right after application; amazing by any standard.

Kevlar and Titanium Technology voted “Top Money Saving Product in 2010”

A better way of roofi ng America …using Technology

Louis Meyer northeast own-er/exclusive dealer says “I have witnessed a 30-45% reduction of surface temperatures on one of our recent installs.” The manufacturer warrants that the roof temp will be within 10-15˚ of the ambient temp.

“From the sub-freezing cli-mate of the arctic oil fi elds to

the extreme desert conditions of Kuwait FFR has performed to the highest standards”. (see fi nalfl atroof.com)

Final Flat Roof is a one part Liquid infused Kevlar polymeric membrane roofi ng system. It can be installed over any existing traditional fl at, dome, metal roof (some

walls) and can extend the life of the existing roof from 10 to 20 years. Used by the Port Au-thority of NY /NJ and Miteq Inc. of NY just to name a few.

FFR contains three propri-etary additives that enable the coating to be installed under water for necessary emergency repair. FFR thermo-resistant barrier performs similar to R19 insulation. The web site has a money savings calcu-lator for building managers and owners. Tax rebates and refunds are available with the proper forms submitted.

FFR has a Kevlar resin tensile strength of 525,000 psi and a breaking tenacity of 424,000 psi. Hail, falling objects,and wind are not a problem. Standing water will not void the FFR warranty.

After HVAC equipment changes, ducts, vents and other roof penetratrations, repairs are easy, strong and water tight. FFR is a great crack/leak repair product that will not shrink and will bond

to any clean surface such as wood, metal or roof products. FFR can cure under water if necessary.

According to Meyer and Montana, “We are an emerg-ing leader in the roofi ng and esoteric coatings business.” Our products offer real qual-ity, energy effi ciency and huge savings on repairs and larger savings in preserving the in-vestment already made into existing roofs; parapet walls.

FFR offers the opportunity to lead the way with technol-ogy and common sense in the construction industry.

“We are proud to be part of the change now and in the future.” Less re-roofing saves energy, more FFR saves money, that’s a real win; win for America and building own-ers.

Veterans are welcome to join the revolution in roofi ng so call for openings in the Northeast. HV Coatings: 845-398-1778. ■

http://www.fowlercompanies.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

IREM® 2012 TRI-STATE CONFERENCE & EXPO Borgata Hotel, Casino & Spa

Atlantic City, NJ

Coming February 2012

An industry partners expo and networking for real estate professionals!Thursday, February 23

Exciting new educational offerings include:

•Stop Driving With Your Eyes Closed (Finding Your True Vision)

•Accepting a Tenant and Initial Leasing Issues

•Low Cost Ways to Detect, Treat and Prevent Bed Bug Infestation

•Credit vs. Rental Scoring

•Crime Has No Address

•Social Networking Tools for Real Estate Professionals

•Lead Paint Safety

•Going Green to $ave Green

•Affordable Housing Forum

•10 Powerful Tips for Exceptional Customer Service

•Backfl ow Preventers

ROBIN CROW presents The Power of Service (How to energize your

business by developing a culture of exceeding expectations.) Crow

forged a remarkable career on his way from RCA recording artist to

successful entrepreneur. His company Dark Horse Recording has set

gold standard for customer service and excellence in the recording

industry.

Friday, February 24 Networking Breakfast

2012 IREM President James A. Evans, CPM®; President & CEO Bruce G.

Pollock Assoc., Realtors, AMO and President and CEO of KEB Investments

will give the Keynote Address.

James A. Evans, CPM®

Robin Crow

Keynote Speaker

To register or for more information on conference visit WWW.IREM1.ORG or WWW.IREM3.ORG or WWW.IREM101.ORG. Or contact the chapter offi ce at 856-786-9260.

MAREjournal.com Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — December 23 - January 12, 2012 — Inside Back Cover C

B Back Cover — December 23 - January 12, 2012 — Contractors, Owners & Managers — Mid Atlantic Real Estate Journal MAREjournal.com

....Use Technology

Contact us at 845.398.1778Or Visit Our Webite at: www.hvcoatings.com

No More re-roofi ng, Use Kevlar-Titanium Seamless Membrane· no more ripping-no collateral damage· insulating high performance· cures underwater· 525,000 PSI Kevlar Tensile strength · repairs open seams and cracks· tax credits and refunds available

Envelope your building with our other fi ne products

A Better Way of Roofi ng America

http://www.hvcoatings.com

Mid Atlantic Real estate JouRnal

MAREjournal.com Mid AtlanticRealEstateJournal—December23,2011-January12,2012—SectionD

Inside Cover D — December 23, 2011 - January 12, 2012 — Annual Review — Mid Atlantic Real Estate Journal MAREjournal.com

REAL ESTATE FINANCING

51 East 42nd StreetNew York, N.Y. 10017212-986-8400FAX 212-983-0512www.cooper-horowitz.com

We would like to thank our

Borrowers and Lenders for a successful 2011

Happy New Year

http://www.cooper-horowitz.com

MAREjournal.com Mid Atlantic Real Estate Journal — The Year in Review 2011 — December 23, 2011 - January 12, 2012 — 1D

2D — December 23, 2011 - January 12, 2012 — The Year in Review 2011 — Mid Atlantic Real Estate Journal MAREjournal.com

Year in Review 2011

Vito DeGennaroGERBER/SOMMA

ASSOCIATES

Bill Klein (William)KAY REALTY

Dermody Properties/DP Partners sells 1.28+ million s/f, two class A industrial buildings in GA and NJP. Cooper Roofi ng assists Habitat for Humanity Philadelphia, PACBRE’s New York & New Jersey offi ces represent parties in sale of 111 Sylvan Avenue for $55 millionHartz Mountain Industries inks 175,000 s/f deal with NBA Entertainment in Harmon MeadowThurston of Marcus & Millichap sells industrial buildings for $7.15 millionThe Bill Gladstone Group of NAI CIR handles 72,000 s/f offi ce space lease in Middlesex Twp., PALandmark Comm’l. Realty/ONCOR Int’l. inks 59,531 s/fGreenwald and McHale of Beacon Commercial Real Estate broker 77,000 s/f in King of Prussia, PALiberty Property Trust & Synterra Partners break ground on fl ex buildings In The Navy Yard Commerce CenterThree of Mack-Cali Realty Corporation’s buildings receive ENERGY STAR rating

a section of theMid Atlantic Real

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

fax 781-871-5299marejournal.com

Publishers

Linda Christman

[email protected]

Michael Campisi

[email protected]

Elaine Fanning

[email protected]

Section Editor

Karen Vachon

[email protected]

Year in ReviewSpotlight

Martin KlebanoffNORTHMARQCAPITAL, INC.

Merrill FreedmanGELCORREALTY

Jeffrey Licht, SIORNAI MERTZ

Joni SweetwoodTHE KISLAK CO.

John UdellWEICHERT COMM’L.

Brian KlozaWISS & CO.

JANUARY 14 - 27, 2011

W. Joshua LeveringNAI JAMESE. HANSON

Scott MertzNAI MERTZ

www.kislakrealty.com732 750 3000

The Kislak Company, Inc.

CELEBRATING OUR 105TH YEAR

Happy Holidays &

Our Best Wishes for a Happy, Healthy & Prosperous

New Year!

Investment Real Estate Brokerage.

multifamily. retail. office.





http://www.kislakrealty.com


Melissa Beck

Certified Exchange Specialist on Staff


Year in Review 2011

Christopher KinumCUSHMAN &

WAKEFIELD OF NJ

Kenneth CrimminsTHE BLAU & BERG CO.

Harvey, Hanna & Assoc. announces IT grand openingDirk M. Simpson becomes principal of Kaplin StewartPratico Jr. selected as MCAR 2010 Realtor Of The YearRowan Boulevard celebrates Grand Opening in Glassboro’s NJ’s $300 million downtown revitalization projectWP Realty acquires 115,411 s/f Mayfair Shopping CenterFameco reps Cedar Shopping Centerss/Tristate Ventures in 46,000 s/f lease At Upland Square in West Pottsgrove, PACedar Shopping Centers acquires Colonial Commons Shopping Center for $49.1 millionValleyWide Property Management acquires Barclay ContractingHollister Construction completes industrial expansion project in Elizabeth, NJ

Gualberto (Gil) MedinaCUSHMAN &

WAKEFIELD OF NJ

Mitchell HershMACK-CALI REALTY

Aaron MittlemanWEICHERT COMM’L.

BROKERAGE

David ThurstonMARCUS &MILLICHAP

Derek BickslerRSR REALTORS

JAN. 28 - FEB. 10, 2011

Dan DvorakVALCOURT BLDG.

SERVICES

Jody KingCB RICHARD ELLIS

Ira MeislikMEISLIK & MEISLIK

Roy CohenCOHEN SEGLIAS

PALLAS GREENHALL & FURMAN PC

William Hanson, SIORNAI JAMES E. HANSON, INC.

559 Main Street, Suite 300 Bethlehem, PA 18018

Phone: 610•332•1100 Fax: 610•332•1111

www.penncapproperties.com

Happy Holidays

Exceptional commercial real estate solutions and services for businesses who demand

more from their space.

“Best wishes for a safe holiday and

a prosperous 2012”

http://www.penncapproperties.com


Snow & Ice SolutionsSM

Let us reduce your overall liability exposure . . .

SEASONAL/ANNUAL CONTRACTS AVAILABLE

Member of

CenovaInc.com

Commercial • Industrial • Retail • 24/7 Call Center•Liquid Anit-Icing •Risk Management •Certified Snow Professionals

•Weather Forecasting/Alerts/Summaries

The Mark Of Excellence In Zero Tolerance Snow And Ice Management™

877• DE• ICE• IT


Year in Review 2011

Grubb & Ellis completes $140 million offi ce sale in Vienna, VANorthMarq’s Washington, DC Regional offi ce arranges fi rst mortgage fi nancing of $7.2 millionHigh Associates Ltd.’s Cass handles 27,000 s/f lease extensionGerber/Somma Associates announce $3 million sale in Rutherford, NJNewmark Knight Frank sells $14.2 million building in Wayne, NJCB Richard Ellis negotiates $55 million sale in Princeton, NJDe Ruggiero Realtors sells land in North Bergen, NJ“We are Putting People Back to Work,” Lt. Governor tells ICREW New JerseyAdVenture Development signs contract with Widewaters McCandless, LLCNAI CIR completes 152,282 s/f warehouse lease in York, PABinswanger appoints Beth Ganss to chief fi nancial offi cerMericle leases CenterPoint facility to sporting goods leaderPMEDC announces new ownership of former Liz Claiborne Distribution CenterThe Meadowlands Region: The Economic Engine of Northern New Jersey

FEBRUARY 11 - 24, 2011

Matthew DormanNAI SUMMIT

Rebecca TingNAI MERTZ

Andrew StewartDAVID CRONHEIM MORTGAGE CORP.

Jim DiBiancaBEACON COMM’L.

Marc KaplinKAPLIN STEWART

John AdamsCBC FEIST & FEIST

Seena SteinNEWMARK

KNIGHT FRANK

John CrampsieNAI SUMMIT

Jim CummingsMERICLE COMM’L.

Deborah Hollander, Esq.SHEAK & KORZUN, P.C.

Bob FerreeLANDMARK PROPS.

David Grasso, Esq.METRO DEV. CO.

Berks Economic Partnership is one of only 29 organizations worldwide to receive accreditation from the

International Economic Development Council. Earning the AEDO accreditation tells the community

and prospects that Berks Economic Partnership attained a measure of excellence assuring that their

trust is well placed and their business is in good hands.

The Berks Economic Partnership Executive Committee extends their

Congratulationsto the

Berks Economic Partnership Teamfor the International Economic Development Council’s Reaccreditation.

“Berks Economic Partnership displays the professionalism, commitment, and technical expertise that is deserving of this honor.” -Jeff Finkle, IEDC President & CEO

GreaterReading.com


Year in Review 2011

Kurt SchenckHIGH ASSOCIATES

Philip RothenbergJACKSON CROSS

PARTNERS

Ian GrusdSPERRY VAN NESS/

RICHTER GRUSD

Doug RichterSPERRY VAN NESS/

RICHTER GRUSD

Frank SommaGERBER/SOMMA

ASSOCIATES

Charles FernJONES LANG

LASALLE

FEB. 25 - MARCH 10, 2011Cushman & Wakefi eld’s Rosenberg arranges 95,000 s/f leaseTaylor & Zang of Marcus & Millichap arrange sale of $6.02 million Camden Town CenterNAI Emory Hill’s Connor arranges 2,000 s/f lease in New Castle, DERemco Realty Group facilitates 6,380 s/f lease in Toms River, NJ Azarian Group’s Pine Brook Plaza receives site plan approval in NJKatz & Associates brokers 13,000 s/f fl agship storeSW24’s Security Technologies and Services Platform Addresses America’s top business security concernsPOA nears sellout for annual trade showNorthMarq Capital arranges $3.1 million mortgage in ColoradoLiberty Property Trust executes 54 leases in MarylandColliers International expands into Maryland with addition of Hearn Burkley, HQs in ColumbiaMcShea & Co. brokers 24,746 s/f lease to US Pharmacopeia at 7135 English Muffi in Way.Houlihan-Parnes Realtors celebrates 120th yearThomas Ashbahian designs 62,174 s/f ShopRite in NJ

Harold GerberGERBER/SOMMA

ASSOCIATES

Amy NazdrowiczLANDMARK/JCM

Jonathan GreenbergTHE KISLAK CO.

Frank SmithNAI SUMMIT

Marc IsdanerCOLLIERS INT’L.

Matthew HardingLEVIN MANAGEMENT

CORPORATION

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]

“...most influential, having acommanding position.”(Webster’s)

New Jersey’s dominantbrokerage firmspecializing in the sale ofmulti-family, retail, andcommercial investmentproperties for privateinvestors, REITS, andother institutional clients.

Q3

28 DEALS1,213 UNITS

$90.86MIncludes HUD

Properties & BankNote Sales

..

.

http://www.gebroehammer.com



Year in Review 2011

Steve GartnerMETRO COMM’L.

REAL ESTATE

Thomas PosavecLANDMARK

COMM’L. R. E.

Kaplin Stewart represents Berwind Property Group, Judge orders monthly $1.3 million bond to de BottonKislak’s Bortz & Waisbrod complete two sales - $20.9mNAI Global names Leone and Broujos to Global EliteColliers Int’l.’s Isdaner & Scott rep Endurance RE Group in 307,000 s/fBergman Real Estate Grp.’s Woodbridge Towers signs threeCommercial Mortgage Capital arranges $33.5m, fi nancing on NJ apartment portfolio1,000,000 s/f tenant renews at Hartz Mountain’s Lincoln Har-borPacifi c Group relocates headquarters to Berger’s 60 Park PlaceAmy Hawley, SIOR of Hawley Realty closes $800,000 in transactionsNAI Keystone’s Willems & Cole complete the sale of 110,000 s/fCBC/Bennett Williams brokers $4.5 million commercial real estate salesROCK Commercial Real Estate negotiates sales totaling $1.175 millionNAI Commercial Partners’ Berger arranges $3.125 million in transactionsCREW Lehigh Valley: Explores Retail Evolution At Promenade Shops

MARCH 11 - 24, 2011

Stan DanzigCUSHMAN &

WAKEFIELD OF NJ

Gene McHaleBEACON

COMMERCIAL

Joseph Ridolfi JOSEPH R. RIDOLFI

& ASSOCIATES

Dan CaldwellSTOUT AND CALDWELL

Rupe TaylorWARFEL CONSTRUCTION

Matt WeilheimerTHE KISLAK CO.

Kevin PelioAZARIAN GROUP

John Van Buskirk, SIORJONES LANG

LASALLE

Louis Luglio, P.E.STANTEC

John KrokBYRON

REAL ESTATE

Thank you for your business and continued loyalty throughout 2011 We look forward to working with you in 2012

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

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

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

www.bennettwilliams.com



Year in Review 2011 MARCH 25 - APRIL 7, 2011

Alexander BarthCOHEN SEGLIAS

Peter SchofelEASTMAN

MANAGEMENT

George H. Kingsley IIIGRUBB & ELLIS CO.

Amy HawleyHAWLEY REALTY

James HoulihanHOULIHAN

PARNES/ICAPREALTY ADVISORS

Stephen BaileyDP PARTNERS

Peter GallichioREMCO REALTY

Buchanan Partners, Pinkard Group plan $74 million mixed-use developmentKLNB Retail represented Harris Teeter in the lease transactionCronheim Mortgage’s Stewart & Westhoff arranges $9 mil-lion acquisition fi nancingR.J. Brunelli & Company complete a series of leases through-out New JerseyNAI Keystone’s Buccinno and Cole handle 33,000 s/fMetro Commercial’s Brickner & Dougherty ink 15,250 s/f leaseTishman Construction completes 935,000 s/f PA Convention CenterCassidy Turley secures $116 million fi nancing on behalf of Do-natelli for Highland ParkBlue & Obrecht Realty completes MD industrial leases total-ling 54,754 s/fColliers’ DiDio facilitates 50,000 s/f industrial lease in Vineland, New JerseySloan Street Advisors / ITRA brokers 7,627 s/f offi ce spaceMcShea & Co. broker 69,695 s/f lease in Sterling, VAEmory Hill Real Estate Services hires Jeffrey L. FryeMcDonough & Rea review traffi c plans for proposed 62,174 s/f Inserra ShopRite

Rick FernandezCALKAIN COS.

Ken UranowitzGEBROE-HAMMER

ASSOCIATES

Michael BaxterMICHAEL BAXTER &

ASSOCIATES

Tripp WayNAI EMORY HILL

Stephen CarrollHINERFELD

COMMERCIAL RE


Year in Review 2011

Howard HoulihanHOULIHAN

PARNES/ICAPREALTY ADVISORS

David CsontosNEWMARK KNIGHT

FRANK

Bruce CoinBRUCE COINCONSULTING

Michael McKoneMIKEN BUILDERS

Deerwood Real Estate Capital organizes $50 millionSchar USA names Southern NJ’s Stanker & Galetto general contractorNAI CIR & NAI Pittsburgh rep tenant in 71,330 s/f leaseNAI Commercial Partners & High Associates ink 13,822 s/f in Lancaster, PACenterPoint Commerce & Trade Park breaks ground for 108,8000 s/f fl ex site, Mericle is fi rst developer in 2011 to build on spec in regionMetro Development Company breaks ground on 220,000 s/fABC Eastern PA Chapter is Bigger, Better, StrongerPfi ster Energy of Baltimore completes installation of solar integrated roofi ng systemM&E Engineers provides MEP design and energy modeling on Platinum certifi ed bldg.CBRE represents Mack-Cali in 37,404 s/f lease at 125 Broad St. Cassidy Turley arranges 104,003 s/f sale of Meadows I, Hart Realty Advisors represents sellerNorthMarq Capital arranges $31.5 million acquisition in Washington D.C.Beech Street closes loans totaling $80.2 million in 30 daysCronheim Mortgage arranges $21.9 million in fi nancing, se-cured by a 120,000 s/f offi ce building

APRIL 8 - 21, 2011

David KneeJONES LANG LASALLE

Ellen RaineriHINERFELD

COMMERCIAL RE

W. Grant Scott MEYER, UNKOVIC &

SCOTT LLP

Sheldon GrossSHELDON GROSS

REALTY

Jonathan GlickSHELDON GROSS

REALTY

Robert NathinSHELDON GROSS

REALTY

Mary ServinoMGZA

Tom LondresMETRO COMM’L.

2011 Leasing Totals:

99.8% Occupied3,647,365 SF Leased

Leasing for lessin Central Jersey.

� Huge Foreign Trade Zone

� Energy Efficient Warehouse Lighting

� 60% Lighting Bill Reduction

� 20% Solar Energy Electric Rebates

� Subsidized Daycare

(732) 287-4880 205 Mill Road, Edison NJ 08837 www.hellerpark.com

Heller Industrial Parks

http://www.hellerpark.com

MAREjournal.com Mid AtlanticReal Estate Journal — The Year in Review 2011 — December 23, 2011 - January 12, 2012 —11D

Year in Review 2011

Jeannine BishopMorgan Lewis

Barbara grosssheLdon gross

reaLty

reid Blynn, Jr.nKFsM

April 22 - MAy 12, 2011

Brad MolotskyBrandywine

reaLty trust

Jeffrey MacknKFsM

sidney smith, Jr.nKFsM

John BuschmannewMarK Knight

FranK

Kaplin Stewart’s BrosemanpresentsaseminarfortheNationalBusinessInstituteCooper-Horowitzarranges$36 millioninfinancingBerks Economic PartnershipparticipatesinForeignTradeMissionSchonbraun McCann GroupadoptsFTIConsultingbrandSheldon Good & CompanytoconductauctionofeightsubdivisionsHopkins Sampson & Brown addsCampbellPettinarobringslawfirmtotheRiverfrontStarBldg.Cassidy Turley arrangessaleofCoStar’sHQbldg.totaling$101 millioninD.C.The Azarian GrouprenovatesPine Brook PlazaStocker of KW Commercialbrokers$2.36 millionshoppingctr.Welco Realtysigns30,000 s/fretailleaseinParamus,NJMCRES execs.toleadRECon2011RoundtablesTheGrahamCompaniesselectYardi Voyager toManageCommercialandResidentialHoldingsCBRE procures$85 millionmortgagerefinancing,Providingfinancingto Hartz Mountainentity

elliott ZaksMadison CoMM’L.

reaL estate svCs.

Michael MulliniBs

Lou olivagruBB & eLLis

Marty tuzmanJenKintown

BuiLding svCs.

alan aptaptCor CoMM’L.

Wishing you a Prosperous and Happy New Year

Bradley Swidler

Craig Rahn

Daniel Alderman

Erik Gainor

Fahd Malik

Harold Leibenson

Ida McMurray, CCIM

Jack Shepley, SIOR

James Ross

William Gladstone, CCIM, SIOR

Central PA’s Leading Commercial Industrial Real Estate Firm*

Our Agents:

*Based on Central Penn Business Journal Report of Commercial Real Estate Firms 2008-2010

David Rudy

Jason Sourbeer

Joseph Bedard, SIOR

Justin Shoemaker

Mark Santanna

M. Richard Kleiman

Nathan Kranz

Nik Sgagias

Peter Gemora

Robin Zellers, SIOR, COO


Year in Review 2011

Robert SquiresThe KiSlaK Co.

NY Regents Board of Architecture appoints JRS Architect, P.C., founder and principal to boardNAI Hanson procures 50,000 s/f retail/warehouse saleLiberty Property Trust signs leases totaling more than 300,000 s/f in PABakery Square Mgmt. partners with Grant Street Assoc. to market and lease its Eastside retail spaceStudley & Jones Lang LaSalle broker 21,000 s/f renewalMassaro Properties leases ,710 s/f to RETTEWCushman & Wakefield arranges sale of one million s/f Exit 8A industrial portfolioCassidy Turley brokers 42,181 s/f, 10-year lease at The Westory, 607 14th St., NW in Washington, DCMeridian Capital Group arranges $220m conduit loan, acquisi-tion of the U.S. Steel Tower in Pittsburgh, PAFryer at G.S. Wilcox & Co. closes $20 million in Florence, NJCBRE scores $33m acquisition financing for 175,000 s/f class A office property in Parsippany, NJNorthMarq hires mortgage banking veteran FeareyThe IDI Group Companies hire Sheldon Good & Company to conduct closeout auction, 30 luxury condominium residences at Leisure World of VirginiaTucker & FLRA redevelop 16-acre property in Fort Lee, NJ

May 13 - 26, 2011

Bob ClementsGRuBB & elliS

James G. houlihanhoulihan PaRneS/

iCaP RealTy adviSoRS

lisa PektorPennCaP

PRoPeRTieS

anne KleinGRuBB & elliS

Suzanne MacnowCB RiChaRd elliS

david oropezaGeBRoe-haMMeR

Wayne PfistererPfiSTeR eneRGy

david SimsonnewMaRK KniGhT

fRanK

ward GreerCollieRS inT’l.

wendy fitzpatrickyaRdi SySTeMS

Michael McCurdyJoneS lanG laSalle

Limestone Shopping Center

Creekwood Corporate Center


Operating and Managing over 3 MillionSquare Feet of Industrial and Commercial


• 66,000 Square Feet of Class A Office Space

• 3,888 Square Feet of Class A Office Space Available

• Strategically located at the I-95 / Rt. 141interchange in New Castle, Delaware

• 5 parking spaces per 1,000 square feet

• Previously a corporate headquarters facility

• Part of pre-planned suburban office campus

91 0 Basin RoadCreekwood Corporate Center

Class A Office Space AvailableFrom 1 ,61 0 Sq. Ft. to 2,278 Sq. Ft.

• +/- 4.7 Acre (43,889 sq. ft.) of retail space inthe center of New Castle County.

• Minutes away from I-95/I-295, I-495 and Routes41 and 141.

• Site offers convenient access from K irkwoodHighway (Rt.2) and Limestone Rd. (Rt. 7).

• Perfect for stores, businesses and banks withoptimum exposure from Rt 7.

• 198 parking spaces• 2,009 SF available on the second �oor.

Limestone Shopping Center43,889 Square Feet of Retail Space

Available Belle HillCecil County, Maryland

• Phase I of a III Phase Development • 50,266 SF Available – New Construction • Includes 11,747 SF of �nished o�ce and mezzanine space area • 4 Acres of Paved Truck Display & Storage Area • 120 Truck and Trailer Parking Spaces • 15 Ton Bridge Crane • T5 Fluorescent Lights • Geothermal HVAC

RGI 05-05-08

Belle Hill

www.harveyhanna.com

Available Belle Hill Cecil County, Maryland

• Phase I of a III Phase Development • 50,266 SF Available – New Construction • Includes 11,747 SF of finished office and mezzanine space area • 4 Acres of Paved Truck Display & Storage Area • 120 Truck and Trailer Parking Spaces • 15 Ton Bridge Crane • T5 Fluorescent Lights • Geothermal HVAC BelleHill

Mile from I-95 / Rt. 141 interchange withimmediate access to I-295, I-495North & South.• Site offers convenient access to the DelawareMemorial Bridge, Port of Wilmington and theentire northeast corridor.• Philadelphia – 37 miles• Baltimore – 72 miles• Washington, D.C. – 107 miles• New York City – 124 miles• Fairfax, VA – 124 miles• Boston – 338 miles• Park tenants include: 21st Century,Tile Market of Delaware, International Paper,C-Cert & Service Mark

405 E. Marsh Lane

Congratulations to the 2011 Brokers of The Year!

Mr. Steve Italiano, CB Richard Ellis Ken Musi, Musi Commerical Properties, Inc.

405 E. Marsh Lane

Belle Hill

Operating and Managing over 3 Million Square Feet of Industrial and Commercial


http://www.harveyhanna.com


Year in Review 2011 MAy 27 - June 9, 2011Max Spann AuctionsbringfourstalledcommunitiestosellinminutesCalkain Companiescloses$1.8millionnetleaseDietrick Grouphosts6thAnnualRealEstatePresentationatArtsQuestCenteratSteelStacksMarcus & Millichap’s Nathansonsells$2.44 millionbuildinginNarragansett,RIWP Realty announcesShaw’sportfolioacquisitionNational Realty & Development Corp.’s CooperTowne Cen-terreceives2011AchievementInPlanningAwardElegant Interiors completesExtonMedicalBuildingrenovationsPortAuthorityrenewsandExpandscontractwithGSH GroupLunar Electrical Contractor, Inc.celebrates20yearsGriffin Land commencesdevelopmentatLehighValleyTradeportinBethlehem,PARusso DevelopmentcompletessolarsysteminstallationatCarl-stadt,NJofficeheadquartersEwingColedesignsoneofthecountry’smostenergy-efficientLaboratoriesinMarylandPierce of High Associates negotiates5,150 s/f leasesinPASVN Richter Grusd announcesAvenelBusinessCtr.forsale

John Molloyh2M

gary holloway, Jr.gMh CapitaL

steven siejaMiKen BuiLders

Brandon FamousFaMeCo r. e.

Charles KlatskinJones Lang LasaLLe

Jeffrey Campowiss & CoMpany

Lance silvernai MertZ

roy Kardonnai MertZ

Jerry puttermangruBB & eLLis nJ

Larry MartingruBB & eLLis nJ

Cheryl hardtCB riChard eLLis

adam silvergruBB & eLLis nJ

Brownfields Redevelopment Services Voluntary Cleanup Program Assistance PA Act 2, NJ ISRA, EPA Superfund Remedial Investigations Design and Construction Storage Tank Removals Clean Fill

Environmental Assessments and Investigation Phase I/II Site Assessments Soil and Groundwater Investigation Remediation Services Wetland Delineation and Mitigation

Environmental Engineering Landfill Design and Closure Water and Wastewater Engineering Soil and Erosion Control Plans Litigation Support/Expert Testimony

Indoor Air Quality Asbestos Surveys, Building Services, Management, and

Abatement Lead Based Paint Management Mold Surveys and Remediation

Beneficial Reuse Permit Applications Frac Water Concrete/Asphalt Yard Materials

Brownfields Redevelopment Services

We’re on the Web! WWW.RTENV.COM

Gas/Energy Permitting; Wetlands Services > Water > Wastewater > Cleanups > Utilities

Corporate Office215 W. Church Road

King of Prussia, PA 19406 Phone: (610) 265-1510 Fax: (610) 265-0687

New Jersey OfficePureland Complex, Suite 306 510 Heron Dr., PO Box 521

Bridgeport, NJ 08014 Phone: (856) 467-2276 Fax: (856) 467-3476

SW Pennsylvania Office591 E. Maiden Street

Washington, PA 15301 Phone: 724-206-0348

Fax: 724-206-0380

Professional Engineers and Geologists Certified Microbial Consultants Qualified Environmental Professionals


Year in Review 2011

timothy haahstiMothy haahs &

assoCiates

Mark warnersun FarMnetworK

Joseph viscusostanteC

Mike CummingsMiKen BuiLders

Michelle Cottrelldesign

ManageMent

william amannM&e engineers

nancy Flemingpettinaro

Jaime weissweiss reaLty

NorthMarq Capital arranges $40.43 millionForanapartmentportfolioMichael Cervelli Real Estateannouncesaggressiveleaseupof1MarinePlaza,NorthBergenCty.,NJPierHouseCondominiumAssociationchoosesRCP Manage-ment Company’s servicesOndra-Huyett Associatesbuildsnewfacility,FamousSmokeShopFeatured PA Project of the MonthBrasler Props. announces75,000 s/f industrialleaseinReading,PACBC Bennett Williamsarranges$1.1msaleininSpringGardenTownship.,PAWarfel Construction celebrates100thAnniversaryHigh Real Estate GroupannouncesPETCOtojoinMillCreekSquareCooper-Horowitz arranges$113.325 millioninfinancingGHP Offi ce RealtyannouncessaleofAlexanderParkfor$6 mil-lion inWESTWindsor,NJNorthMarq Capitalarranges$40.43 million foranapartmentportfolioDe Ruggiero Realtorsleases89WashingtonSt.,Hoboken

June 10 - 23, 2011

Jason graceLandMarK CoMM’L.

glenn MarvinMetro CoMM’L.

Brent BarbehennMetro CoMM’L.

robert FaheyCBre

Thanks for the opportunity to serve your Construction Management and

General Contracting needs in theLehigh Valley and Eastern Pennsylvania.

7584 Morris CourtSuite 210Allentown, PA 18106610-366-1709

Famous Smoke Shop- June 2011 Featured Project of the Month

2011 Merit Shop Award of Excellence Recipient |Building Renovation Category for the DBSi Data Center at TekPark facility

To be featured—January 2012 Project of the Month

www.ohainc.com

Best wishes to you, your associates and familiesfor a happy and prosperous New Year.

http://www.ohainc.com


Year in Review 2011

david rosstreMont reaLty

CapitaL

Jim MazzarelliLiBerty prop. trust

Mike FlynnBeaCon CoMM’L. r. e.

Jack intratoraptCor CoMM’L.

Lee wasermanLew Corp

david CohenMeridian CapitaL

Florence BlockusgBC-nJ

gary gabrielCushMan &

waKeFieLd oF nJ

terri JohnsonBedFord Cost segregation

ted williamsLandMarK/JCM

Max spann, Jr.Max spann re &

auCtion

Jim petrucciJ.g. petruCCi Co.

Harvey, Hanna & AssociatesnamesJohn HarveyVPWelco RealtyrepsPrestigeProperties&Dev.in28,000 s/fFameco’s BennetttoassistinaggressivestorerolloutJRS Architect, P.C.celebrates25thanniversarySmith-Midland receivesawardfromAmericanConcreteInst.Gebroe-Hammer Associates repssellerandbuyerin$15.5 mil-lion saleofHamiltonCourtEastDietrick Group, LLCfacilitates$6.2macquisitionatAllenWestEstates/BrooksideParkApartmentsPfister Energy commissionscustomizedphotovoltaicsystemonthetoplevelofparkingdeckMichael Baxter & Associates’ BajawardedNAR’sGreenDesig-nationURBN breaksgroundinDP’sSilver Lake Business ParkLandmark Comm’l. Realty arranges 30,000 s/f lease in Cumberland County, PANCCBOR honors Millman & Connor of NAI Emory HillRail Service, tax incentives fuel latest business migration to the Pocono MountainsProgress Realty Advisors closesover$50 million in loans

June 24 - July 7, 2011

NEVER COMPROMISE YOUR ENVIRONMENT.

AZTEC. COMPLETE PROJECT MANAGEMENT.

From clients to employees, your environment has an effect on everyone. It’s often the first…and last

impression they see. Can your image afford to let those opportunities pass without making the most

of them? “Total Architecture” is our mantra at Aztec. Let it make a difference for you.

Call 732.636.8989 or visit www.aztec-architects.com

Base Building Architecture I Interior Architectural Design I Facility Master Planning

Complete Project Management I Relocation Execution Management

On-Going Facilities Management I Construction Execution ManagementSM

Woodbridge Place, 517 Route One South, Iselin, NJ 08830

Wishing You Happy Holidays

http://www.aztec-architects.com


Year in Review 2011

Joseph BurkenorthMarQ

greg nalbandiannorthMarQ

ralph simpsonwarFeL

ConstruCtion

david orbachregaL BanK

Jordan MetzBussLe reaLty

Frankie CampioneCreate

arChiteCture

John BickelhoLLister

ConstruCtion svCs.

John Brucker hoLLister

ConstruCtion svCs.

Kieran FlanaganhoLLister

ConstruCtion svCs.

Jim o’haraeMory hiLL

Joseph BrechergeBroe-haMMer

assoCiates

gretchen wilcox10Q|g.s. wiLCox & Co.

July 15 - 28, 2011Cooper-Horowitzarranges$21,520,000intransactionsNorthMarq orchestrates$19 millioninfinancinginBaltimore,MDHoulihan-Parnes Realtors & GHP Offi ce Realtyannounce$6m saleof300AlexanderParkBob De Ruggierocelebrates50yearsTri State Realtors’ Comm’l. Alliance presentsawardstoNAI MertzCB Richard Ellisbrokers108,160 s/fleaseat275CrossFarmLane,York,PASSH Mgmt. securespropertymanagementcontractforthe308,616 s/f WallaceBuildingLegend Properties’ Aristone & DePetrisbroker12,000 s/f dealforMichaelsStoresHollister Construction Servicescompletes40,000 s/f StateStreetBankofficespaceMarcus & Millichap promotesTaylortofirstVPinvestmentsEmory HillbuildsLEEDPlatinumEnergyHouse,achieving103pointstowarddesignationBeacon Capital Partners & Cassidy Turley announce10buildingsachieveLEEDSilverULI WashingtonlaunchesRegionalLandUseLeadershipInsti-tuteRegal Bankhighlights“Green”initiativesandprojects

Kathy [email protected]

PROGRESS REALTY ADVISORS, LLC

732-389-9701

www.ProgressRealtyAdvisors.com

My loan was rejected.My loan was rejected.approved

My loan was rejected.My loan was rejected.approved

$35,000,000Construction

Class A Office Building305,000 sf

Wallington, CT

$5,200,000Permanent

Industrial Warehouse207,000 sf

Hillside, NJ

$3,550,000Non-Recourse

H.H. Gregg Retailer39,000 sf

Mechanicsburg, PA

$4,220,000Permanent

Multifamily42 units

Jersey City, NJ

Loan ProgramsPermanentConstructionBridgeRehabMezzanineEquityDebt Restructure

Property TypesMultifamilyRetailOfficeIndustrialWarehouse


http://www.ProgressRealtyAdvisors.com




Year in Review 2011

David GoldfisherThe henley

Group

Peter WisniewskiDaviD Cronheim Co.

Stanley WyrwiczCalkain

Companies

Rebecca MachingaWithuM SMith &

BRoWn

Donna hegartyaDvanTaGe BlDG. & Facility SvcS.

John GreenwaldBeaCon Comm’l.

Robert BehlerCBC BenneTT

WilliaMS Realty

Gary RussellCBC BenneTT

WilliaMS Realty

Advance Realty completes56,000+ s/foftransactionsAtOneGatewayCenterinNewark,NJDermody Properties namesDouglas KierseypresidentSVN Miller’s Gillis & Gilkersoncomplete200,000 s/f saleofmanufacturing/whsespace&12acresCassidy Turley’s Campanellasecures$42.5minfinancingforOneEastPrattinBaltimore,MDMitchell AssociatestoredesignformerGMplantinNewport,DelawareCarl Walker Construction, Inc. landsfournewdesign/buildprojectsinWesternPAandOHHollister Construction Services holdstoppingoutfortheNew-arkCollegiateAcademyStalco Constructioncompletes20,000 s/frenovationMKSD ArchitectswinsGLVCCExcellenceinBusinessAwardGriffin LandcommencesdevelopmentatLehighValleyTrade-portinBethlehem,PAHeller Industrial Parks signs309,000s/frenewalinSouthBrunswick,NJWest, Lane & Schlager brokers14,967s/fleaseinWashington,DC

July 29 - Aug. 11, 2011

Scott Skogmosperry van ness | skoGmo Comm’l.

Jon MeiselJones lanG

lasalle

charles BlankenshipleBanon valley eDC

Janet BortzThe kislak Co

pe naro.com

The Delaware Valley’s Home Grown Developer…Building Business “From the Ground Up” since 1964.

PETTINARO ALWAYS HAS A WIDE VARIETY OF RETAIL

CENTERS, OFFICE PROPERTIES, AND WAREHOUSE SPACE

FOR LEASE IN DE, PA, MD AND NJ.

Our 4.5 million SF commercial real estate portfolio includes: London Grove Village, Fox Run Shopping Center, Community Plaza, Bayard Square, Middletown Square Shopping Center and Office Buildings, The Shipyard Center, 750 Shipyard Drive, 500 Justison Street, Riverfront Dining, The Christina Crescent Building, 901 N Market St, The Courthouse, 600 Delaware Avenue, Cornell Business Park, Tower Office Park, Orchard Commons, Tall Oaks Business Park, The Gates Building, 800 Walnut Street, The Diamond Property, Ridge Road Town Center, Spring Lake, Chadds Ford West, London Grove West,

Colonial Avenue Warehouse, Northeast Warehouse, 300 E 30th Street, The Blue Hen Corporate Center, The Delaware Children's’ Museum, 2300 Pennsylvania Avenue, Eagle Plaza, Larchmont Centre, Foxmoor, Park Plaza, 13/40 Building, Fox Run Business Park, Fox Run Warehouse, Morgantown Village Shopping Center, West creek Village Shoppes, and Churchman’s Corporate Center.

Commercial Real Estate

Pettinaro Corporate Headquarters 234 N James Street Newport, DE 19804

Phone 302.999.0708 pettinaro.com

Middletown, DE

Avondale, PA

Bear, DE

The Star Building New Class A Office Space 150,000 SF, Seven Stories Riverfront Wilmington

FOR LEASE

PETTINARO WOULD LIKE TO THANK EVERYONE IN THE

COMMERCIAL REAL ESTATE COMMUNITY THAT HELPED

US HAVE ANOTHER SUCCESSFUL YEAR IN 2011.HERE IS TO DOING MORE DEALS IN 2012!

Glen Mills, PA

Leasing Inquiries: Rob Stenta

302-528-9182 [email protected]

Proposed Retail

Across Street from new Whole Foods!



Year in Review 2011

Jeffrey SquiresTHE KISLAK CO.

John SorrentiJRS ARCHITECTS

Sally PrendergastPETTINARO

Hugh McGettiganWARFEL

CONSTRUCTION

Pat MurphyCBRE NJ

Tom DidioHOLLIDAY

FENOGLIO FOWLER

Eric MauerEASTMAN

MANAGEMENT

Nick HammondsROCKFORD

CAPITAL PTRS.

W.C. Jack MillerJRS ARCHITECT

BPG Properties appoints Holmes chief operating offi cerGerber/Somma’s DeGennaro sells 18 units in Somerset, NJCarl Berger Associates procures $6m in fi nancingMarek of Raider Realty signs 50,000 s/f in Hillsborough, NJ309,000 s/f 10-year renewal at a Heller industrial facility in South Brunswick, NJMikels and Mickens of CBC Pennco broker $4.45 million retail center in Stroud township, PABrandywine Realty Trust’s Rush organizes 146, 321 s/f lease in PhiladelphiaWoska of Latus Commercial Realty executes 4.9 acre sale in Lycoming County, PABerger-Epstein Associates’ Epstein completes 7,500 s/f lease at 1036 North Godfrey St. with Hush Little AngelsChomik of NAI Summit consummates $490,000 sale in Allen-town, PAPine of Gebroe-Hammer Associates completes $3.6 million saleThe Berger Organization announces 2,360 s/f lease at 570Broad St. in NewarkScheick, Cuccia and Klein join to form Anchor Realty Advi-sory Group

AUGUST 12-25, 2011

Cynthia KaminCBRE

Robert BraslerBRASLER PROPS.

James DePetrisLEGEND PROPS.

Serving the New Jersey and New York Retail Marketplace

We Pride Ourselves In The Company We Keep*

At Weiss Realty we understand the site selection process, from identifying the “prime” retail site locationto zoning analysis, architectural and engineering studies, due diligence reporting and lease negotiations.

To learn more about our Retail Real Estate Services and our Current Available Properties in Northern New Jersey

Visit Us on the Internet at www.JWeissRealty.com or callJaime M. Weiss, (C) 201/615-0474 [email protected]

Matthew B. Weiss, (C) 917/309-7861 [email protected]*A partial list of Weiss Realty transactions

Weiss Realty is the Exclusive Leasing & Managing Agent for the Shoppes at Colonial Village. For more information regarding available retail space call Matthew B. Weiss/ Jaime M. Weiss – 201-814-1800

http://www.JWeissRealty.com




Year in Review 2011

Joe NittiCOLLIERS INT’L.

Sandy RotzROCK COMMERCIAL

REAL ESTATE

Cami SpiridonoffROCK COMMERCIAL

REAL ESTATE

David BodeROCK COMMERCIAL

REAL ESTATE

Kevin DoughertyADVENTURE DEV.

Dolores BocianGRUBB & ELLIS

Rick SchuchFAMECO

Rob StentaPettinaro

Management LLC

David KeechROCK COMM’L.

Chris JohnsonHOLLISTER

CONSTRUCTION SVCS.

Peter DooDOO CONSULTING

Michael LevinFAMECO

WP Realty announces the sale of New Brite Plaza in New Brit-ain, CTCBRE Auction Services to Auction three properties with Bids Due on October 5thMMCC’s Conley arranges $7 million in refi nancing for Philadel-phia SCMarcus & Millichap NJ offi ce completes $4.06 million in salesU.S. Shopping-Center Industry tallies to nearly 108,000 cen-tersAdvantage Building & Facility Services receives contract for Delaware Emergency Operations CenterThe Kislak Company’s Weilheimer handles $4.85 million sale of 63-unit Grand Court VillasCassidy Turley to provide leasing and property management services for 534,224 s/f portfolioSJP Construction wins project management assignment for Northwestern Mutual Insurance Co.Molloy & Nathanson of Marcus & Millichap Real Estate Investment Services brokers $12.8 million saleCBC/Bennett Williams arranges $575,000 in salesSamtmann of Equity Retail Brokers arranges $750k saleSRD starts on construction of 19,600 s/f bldg. in Philadelphia

AUG. 26 - SEPT. 8, 2011

Stabler Corporate Center • Center Valley, PA610-797-9000 • www.FLBLaw.com

Twice as Nice!Thank you to our employees for making us one of the

Best Places to Work in PA for the second consecutive year.

RANKED #19 BEST PLACESPAto work in

http://www.FLBLaw.com


Year in Review 2011

Anthony HaydenHAYDEN R.E.

INVESTMENTS

Karen MartinezBRAVO! GROUP

SERVICES

Amy OronsMETRO COMM’L.

Scott SmithEMCOR SERVICES/

TRIMECH

Ed RussoRUSSO DEV.

George MolloyGRUBB & ELLIS

Frederick DiMarcoWH POUNDS

Jeff AdamsColliers International

Ron KriegerPRESTIGE GROUP

Susan RubrightBRACH EICHLER

LLC

Eileen LynnAPPRAISAL INST.

PHILADELPHIA

Firoozabadi of Marcus & Millichap reps seller in $30 million sale of The RittenhouseThe Kislak Co. completes $12 million multifamily salesGrosvenor, Vision Equities achieve LEED Silver Core & Shell Certifi cationFisher Dev., Olnick Org.’s bldg. receives Energy Star Cert., Headquarters Plaza in Morristown, NJNJEDA launches new program offering low-interest loans to increase energy effi ciencyNewmark Knight Frank negotiates 329,000 s/f of industrial leases in Morris County’s international trade zoneThe Cullen Associates’ line of submersible pumps: Company of the MonthMack-Cali to develop offi ce building for Wyndham Worldwide’s Corporate HQMericle constructing new spec offi ce building in Plains Township, PAOrthologix chooses Korman’s Neshaminy InterplexSourbeer and Gainor of NAI CIR handle $4.4 million offi ce/medical transactionLMS Commercial Real Estate continues to expand its managed portfolio by over 650,000 s/f

SEPT. 9 - 22, 2011

Mindy LissnerCBRE NJ

Geotechnical Engineers & Geologists

EARTH

CCorporate 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

* Clean Fill Testing

South Jersey: 856-768-1001

Central PA: 717-697-5701

Lehigh Valley: 610-967-4540

ENGINEERINGINCORPORATED

* Carbonate Site Assessments

Because the good will of those we serve is the foundation of our success it's a real pleasure at the holiday time to say

"Thank You"

as we wish our clients a full year of happiness and success

http://www.earthengineering.com


Year in Review 2011

Procida ends fi rst half of 2011 with a bang, over $200 million in closings in NY, NJ and PAEmory Hill gives back to local community, wins state chamber awardThorp Reed & Armstrong opens offi ce in WilmingtonKatz Properties acquires control of SC for $16.15 million, Metro Commercial represented both partiesGrant Street Associates’ Geiger and sell broker $1.225 million sale in Sewickley, PALipinski Outdoor Services & R.E.I.T/M&H Services mergeNason Construction completes new Kent County CourthouseAMC Fire Protection provides fi re extinguisher and fi re equip-mentBOMI International appoints Dolores Bocian, RPA, FMA Chairman of the Board of TrusteesNAI DiLeo-Bram & Co. expands services to include property managementDP Partners announces 255,336 s/f corporate headquarters, $51 million in direct and indirect economic benefi tsThe AFL-CIO Building Investment Trust acquires $138.5 mil-lion offi ce portfolio in Tyson’s Corner, VARockford Capital Partners to sell mixed-use project in George-town

SEPT. 23- OCT. 13, 2011

Robert OdellODELL STUDNER

GROUP

Adam CampbellCUSHMAN & WAKEFIELD

Robert RothGREEN ENVY

DEVELOPMENT GRP.

Gregory BroujosCOLLIERS

INTERNATIONAL

George MacBethFOLIAGE DESIGN

SYSTEMS

Caren FranziniNJEDA

Jon MikulaHOLLIDAY FENOGLIO

FOWLER, L.P.

Jeffrey SilbermanKAPLIN STEWART

David SimonCASSIDY TURLEY

David ZimmelZIMMEL ASSOC.

Steve ItalianoCB RICHARD ELLIS

Danielle BrunelliR.J. BRUNELLI & CO.

Metropolitan AreaCapital Markets Group

670 BELLEVILLE TURNPIKE

211,418 SF

SALE OF SINGLE-TENANT

DISTRIBUTION FACILITY

KEARNY, NJ

800 MADISON STREET

217 UNITS

SALE OF LUXURY

APARTMENT COMMUNITY

HOBOKEN, NJ

60 INDUSTRIAL PARK DRIVE

718,910 SF

SALE OF SINGLE-TENANT

DISTRIBUTION FACILITY

MILTON, PA

BERNARDS 78

201,781 SF

SALE OF CLASS A

OFFICE BUILDING

BASKING RIDGE, NJ

1600 STEWART AVENUE

223,258 SF

SALE OF CLASS A

OFFICE BUILDING

GARDEN CITY, NY

2 JOURNAL SQUARE

324,912 SF

SALE OF TRANSIT-ORIENTED

OFFICE TOWER

JERSEY CITY, NJ

Andrew J. Merin

Vice Chairman

201-460-3358

David W. Bernhaut

Vice Chairman

201-460-3356

H. Gary Gabriel

Exec. Vice President

201-460-3352

Brian J. Whitmer

Director

201-508-5209


Year in Review 2011

Michael BaxterDUBROW’S

Dean ZangMARCUS &MILLICHAP

Taylor YoungBEACON COMM’L.

Max Spann to auction Properties in New York, New Jersey and Pennsylvania on Oct. 27thMetz of Bussel Realty brokers ind./offi ce lease of 75,000 s/f, 3.5 acres located at 502 York St., Elizabeth, NJColliers International & Binswanger conclude sale of 79,000 s/f fl ex building in Burlington County for $2 millionCommunity Investment Strategies transforms housing project in Glassboro, NJHutchinson Green-lights Energy-Effi cient Solutions from building automation systems with web access monitoring to solar technologiesGloucester County is the place for business to Grow in Southern New JerseyCB Richard Ellis arranges $179,396 million sale of PPG PlaceKahlbaugh of Springwood Commercial brokers $700,000Campbell’s Art and Adam Campbell arrange 12,560 s/f in leases in PAThe Frederick Group inks $1.3 million, Karopoulos represents both partiesSidney E. Gable leases 80,000 s/f for Responsible Appliance Dis-posal ProgramMKSD Architects hosts Design to Change: September Lunch & Learn

OCTOBER 14 - 27, 2011

Marc TroppEASTERN UNION

COMMERCIAL

Nick MalagisiSVN STORAGE

REALTY

Jack ShepleyNAI/CIR

Pete DavissonJACKSON CROSS PTRS.

David SimonWEICHERT COMM’L.

Jim CadranellHOLLIDAY

FENOGLIO FOWLER

Michael AldermanJONES LANG

LASALLE

Daniel PollackBRACH EICHLER

LLC

Bryn CinqueCOLLIERS INT’L.

PreconstructionConstruction Management

General Contractors

1124 Chester Pike • Crum Lynne, PA 19022610.521.3300 • www.targetbuilding.com

Building rewarding relationshipsthrough the power of people.

http://www.targetbuilding.com


Year in Review 2011

Marc TrevisanCUSHMAN &WAKEFIELD

Chris CervelliMICHAEL CERVELLI RE & PROP. MGMT.

High Real Estate Group breaks ground for Gilbertson Group Facility in Coatesville,PA,BPG Properties executes 172,759 s/f warehouse lease at 3200 Green Forest DriveMunley, Taylor & Zang of Marcus & Millichap Real Estate arranges $1,125,000 leaseFameco inks 58,822 s/f Hobby Lobby lease in Millville, NJCentro Property Group changes name to Brixmor Property GroupRichardson Comm’l. Realtors’ Guckin brokers 1,140+ s/f sale in Ewing, NJMeridian negotiates $68.8m in fi nancing for multifamily props.Kislak completes $4.3m sale of Westfi eld, NJ property, Senior VP Sweetwood executes sale of downtown siteEagle Meadows complex in Delaware commands $23.18 million in open bid, IPA/Marcus & Millichap negotiates sale on behalf of Hunt Companies, Inc.Cassidy Turley arranges $21 million sale in Old Town Alexan-dria, VANorthMarq’s Ferrell secures $1.6 million mortgage for 72,204 s/f industrial property in Linthicum, MDScheer Partners helps execute two leases in Wheaton

OCT. 28 - NOV. 10, 2011

Ken SchierIS&L

Michael FasanoMARCUS &MILLICHAP

Richard BaumsteinCUSHMAN &WAKEFIELD

Joel IvesIS&L

Keith LesserIS&L

Nat GambuzzaMARCUS &MILLICHAP

David FarerFARER FERSKO

Spencer YablonMARCUS & MILLICHAP

David ShermanCUSHMAN & WAKEFIELD

Andrew MerinCUSHMAN & WAKEFIELD

Protect Your Business or Home 24/7

Water damage is one of the most common Insurance claims.

Contact Cullen Associates or your local plumber to discuss how PipeBurst Pro can give you a new peace of mind today!

Winter Special - 15% OFFListed Sales Price & Free Shipping Until 01/31/2012


Year in Review 2011

Berns of NorthMarq Capital arranges $18.885 million mort-gageHudson Realty Capital funds $8m note acquisition fi nancing on four ind. Bldgs.Jones Lang LaSalle, Meridian Capital arrange $123m in fi -nancing for 1700 Market St., Philadelphia, PARegal Bank says a defi nitive “No” to raising consumer feesLiberty Elevator Corp. wins Statue of Liberty contractSimson of Newmark Knight Frank represents PNC Bank in 131,363 s/f lease extension in East Brunswick, NJTarget Construction serves as general contractor for The Capital Health MOB & Surgery Center project in Hopewell, NJCullen Associates’ ECH20: The industry’s most effective, versa-tile grease removal systemBergman RE awarded 1001 Durham Avenue assignment in South Plainfi eld, NJSwopes Lee facilitates $3 million industrial building sale in West Chester, PABrasler Props and Endurance RE establish a 220,000 s/f indus-trial plant in Reading, PANAI CIR brokers $550k offi ce building sale at 2574 Interstate Dr.Mericle Commercial RE announces 211,000 s/f in lease transactionsMichael Baxter Assoc. leases 51,660 s/f of whse/dist space in Pen Argyl, PA

NOVEMBER 11 - 24, 2011

Daniel HigginsKIPCON INC.

Edd ConnorNAI EMORY HILL

Joshua QuinterKAPLIN STEWART

Dan BricknerMETRO COMM’L.

Sam BernsNORTHMARQ

CAPITAL

David RudyBILL GLADSTONE

GROUP OF NAI CIR

Julius BorrusBORRUS ASSOC.

M. Neil KilianNAI EMORY HILL

Rose EvansLEVIN

MANAGEMENT

Neil BrandtBELFOR

Chad StineCBC BENNETT

WILLIAMS

Martha GrahamMASSARO PROPS.

At the close of

another year, we take

this time to say “Thank

You” to our clients,

business partners and

friends. And wish all of

you a happy holiday

season and prosperous

new year.

Costas J. Hrousis, CCIMShawn M. Donahue, MBAP: 610-997-0100 F: 610-997-0101

www.VeraxiaCRES.com

http://www.VeraxiaCRES.com


Year in Review 2011

Clive MendelowBINSWANGER

Steven ShultzHELIOS CAPITAL

ADVISORS

David WeaverNAI MERTZ OF PA

Bradley RohrbaughCBC BENNETT

WILLIAMS

Thomas CarragherSTUDLEY

Frank RoddyRODDY INC.

Steve WilliemsNAI KEYSTONE

Douglas TwymanCASSIDY TURLEY

Mark TaylorMARCUS & MILLICHAP

Daniel PerichMICHAEL BAXTER

ASSOC.

Meridian Capital Group negotiates $16.1m in loansWeiss Realty handles 2616 s/f offi ce sale in Fort Lee, NJMax Spann sells nearly 400 Philadelphia propertiesThe Firoozabadi Group sells apartments for $17.125m in D.C.Bergman RE announces 14,000 s/f offi ce lease in Paramus, NJAdam Campbell joins Cushman & Wakefi eld in PennsylvaniaSVN/Skogmo announces $1.08m MD salePhillips Edison-ARC Shopping Center REIT acquires SC for $16.6m in Glen Burnie, MDTriangle Equities recapitalizes $5.5m loan in Freehold, NJLegend Props. brokers 43,328 s/f dealMadison Marquette leases 686 s/f & 10 yr. lease renewal in Princeton, NJREMCO Realty Group now licensed in PennsylvaniaThe Azarian Grp. negotiates three leases in New JerseyThe Kislak Co. completes $6.68m Bergen County, NJ multifamily salesGebroe-Hammer Assoc. complete fi ve multifamily transactions totaling $7.305mCIS Management wins four NJAA Garden State AwardsPOA presents: Social Media & Marketing” meeting

NOV. 25 – DEC. 8, 2011

Steven DepetrisLEGEND PROPS.

Eric LehmayerHIGH REAL ESTATE GRP.

There is no better time than the holidays to express our appreciation for your business

and friendship.

Because the goodwill of those we serve is the foundation of our success, it is a real

pleasure to say

Thank You.

We wish you a full year of happiness and success.

The staff at the Mid Atlantic Real Estate Journal


Joey GilkersonSPERRY VANNESS-MILLER

David JarvisGEBROE HAMMER

ASSOCIATES

Nicolas NicolaouGEBROE HAMMER

ASSOCIATES

Chuck SwopeSWOPE LEE

Ken UranowitzGEBROE HAMMER

ASSOCIATES

Bradley GillisSPERRY VANNESS-MILLER

Thomas HannaHARVEY HANNA

Brent MillerSPERRY VANNESS-MILLER

Year in Review 2011

David SchwartzGEBROE HAMMER

ASSOCIATES

Joel SchwartzGEBROE HAMMER

ASSOCIATES

Thom HarveyHARVEY HANNA

Steve FollmanGEBROE HAMMER

ASSOCIATES

B.R. Kreider & Son Inc., celebrating 75th Anniversary as Central PA’s featured center spread Company of the MonthBank of America sells $35m site to Hartz Mountain IndustriesBeech Street Capital provides $24m, Meridian originatesSVN Miller brokers 5 acre site in Fruitland, MarylandMeridian Capital negotiates $40.9m in multifamilyCooper-Horowitz arranges $110m loanHFF closes $57 million sale of 1400 Wilson Boulevard in Rosslyn, VirginiaMatrix Development Group signs 132,410 s/f lease at Perth Amboy Business ParkAvidan Mgmt. leases 35,000 s/f at 145 Talmadge Rd., EdisonCBRE’s McGovern brokers 31,966 s/f in Mt. LaurelJones Lang LaSelle reps tenant in 36,758 s/f leaseBeacon Commercial Real Estate facilitates 76,000 s/f $3.7m industrial buildingLiberty Property Trust commences construction on new 1.2m s/f whse.Crampsie of NAI Summit negotiates 32,455 s/f leaseNAI Mertz completes 12,900 s/f transaction

DECEMBER 9 - 22, 2011

Breaking New Ground

63 Kreider LaneManheim, PA 17545(717) 898-7651

www.brkreider.com

The professional team of

B.R. Kreider & Son will

work for you during your

next building or

expansion project:

Excavation

Paving

Site Management

Site Utilities

Earn a LEED Innovation

Credit by using

B.R. Kreider & Son, Inc.

Over 70 years of experience

in commercial and

industrial site

management will put

your new project on a

solid foundation.

Before you break

new ground, visit

www.brkreider.com

Breaking New Ground




Year in Review 2011

Bruce KatcherMGKF

Robert FoxMGKF

Jon HickeyNAI EMORY HILL

Scott ButlerKAPLIN STEWART

Andrew CohnKAPLIN STEWART

Joseph MankoMGKF

Marc GoldMGKF

Tom GormanMARCUS &MILLICHAP

Matt GormanMARCUS &MILLICHAP

Miles BergerTHE BERGER

ORGANIZATION

Jerry KootmanCOST RECOVERY

SOLUTION

Matthew WeissWEISS REALTY

Robert De RuggieroROBERT DE

RUGGIERO INC.

Michael ShoverMARCUS &MILLICHAP

Costas HrousisVERAXIA COMM’L.

RE SOLUTIONS

Shawn DonahueVERAXIA COMM’L.

RE SOLUTIONS

Jon ScottBERKS ECONOMIC

PARTNERSHIP

Mitchell FrumkinKIPCON, INC.

Brian WhitmerCUSHMAN & WAKEFIELD

Michael FecikBR KREIDER &

SONS, INC

Brent KreiderBR KREIDER &

SONS, INC

Joesph FerdinandoBUILDING SECURITY

SERVICES

Michael BaxterMICHAEL BAXTER &

ASSOCIATES

Jonathan KlearNAI MERTZ

Tom ForeSORA HOLDINGS

Ed HutchinsonHUTCHINSONMECHANICAL

Jason BogartACCORDIA REALTY

VENTURES

Joseph RomanoACCORDIA REALTY

VENTURES

Nick RacioppiRICKER DANZIG

Robert ZogorskiROBERT

ZOGORSKI, LLC

Eileen Della VolleKS ENGINEERS

P.C.

William KaufmanWESKETCH

ARCHITECTURE

Martin BoroskoBECKER MEISEL

Ivan KaplanBECKER MEISEL

Michael OxmanBECKER MEISEL

Deb HeffnerBERKS ECONOMIC

PARTNERSHIP

Jayne WarneMATRIX NEWORLD

Linda DietrickDIETRICK GROUP

Scott TannenbaumTHE SCHONBRAUN MCCANN GROUP

Matthew HammondTRAFFIC PLANNING

& DESIGN

Peggy IrelandWHITESELL CO.

Rick CuretonWHITESELL CO.


Year in Review 2011

Michael MumperHIGH ASSOCIATES

Alan GoldsteinTHE GOLDSTEIN GRP.

Neil GoldsteinTHE GOLDSTEIN GRP.

Chuck LanyardTHE GOLDSTEIN GRP.

Mark JohnsonRGS ASSOCIATES

John AzarianAZARIAN GROUP

Steve FollmanRGS ASSOCIATES

Jeremy NeuerCB RICHARD ELLIS

Jim VeseyCUSHMAN &

WAKEFIELD OF PA

Matt RuttLANDCORE

CONSULTING ENG.

Buck CollinsBOHLER

ENGINEERING

Doug TwymanCOLLIERS INT’L.

Greg FilipekSORA HOLDINGS

Abe KatzDEERWOOD RE

Joesph SarnoCB RICHARD ELLIS

BRIAN MEYERSLANDCORE

CONSULTING ENG.

Thomas WilsonK&W ENGINEERS &

CONSULTANTS

J. Marc Kurowski.K&W ENGINEERS &

CONSULTANTS

John FascianoFAMECO REAL

ESTATE

James ScaloBURNS & SCALO

Bob JacobyUS REALTY CAPITAL

Paul RumleyMETRO COMM’L.

Kelly Berfi eldDIETRICK GROUP

Michael CohenDLC MANAGEMENT

CORP.

Stephen IfshinDLC MANAGEMENT

CORP.

Adam IfshinDLC MANAGEMENT

CORP.

Joseph Fitzpatrick, Jr.FITZPATRICK LENTZ

& BUBBA, P.C.

Steven BoellFITZPATRICK LENTZ

& BUBBA, P.C.

Robert FrancisTHE PLANNED

COS.

Anthony SantoraA&E

CONSTRUCTION

James BallietKW COMMERCIAL

John-david FranklinMADISON

MARQUETTE

Janice TalleyH2M

Neil SteinKAPLIN STEWART

Lori ZuckCOLLIERS INT’L.

Jeffrey ThomasFIRST INDUSTRIAL

Richard VanderbeckFIRST INDUSTRIAL

Sidney DonicaBRACH EICHLER

Jay PlaskyNAI MERTZ

Michael BergmanBERGMAN R.E. GRP.

John OsborneBERGMAN R.E. GRP.

Jason AdamsCOLLIERS INTERNATIONAL


Richard SoloffSOLOFF REALTY &

DEVELOPMENT

Michael HinesCBRE

Ted TurnbullROCK COMM’L. R.E.

Len TsuprosCARL WALKER

COBSTRUCTION

Howard FortunatoLANDMARKJCM

Scott PeckRESOURCE REALTY

Edmund KlimekKSS ARCHITECTS

Steven GreenbergHERITAGE MGMT.

Bill FritzJACKSON CROSS PTRS.

Michael LorelliHIGH ASSOCIATES

Patrick LaffertyCBRE PA

Charlie HarmerUS REALTY

CAPITAL

Stan KurzweilCASSIDY TURLEY

Mark SieglerCASSIDY TURLEY

Penny CannellaPENN’S NE

Jeff MilanaikHELLER INDUS-

TRIAL PARK

Marc HirschingerCASSIDY TURLEY

Lou BattaglieseJACKSON CROSS

PARTNERS

Alan HammerBRACH EICHLER

L.L.C.

Allen Popowitz BRACH EICHLER

L.L.C.

Frances Stella BRACH EICHLER

L.L.C.

J. Anthony HaydenHAYDEN R.E.

INVESTMENTS

Glenn JaffeSHELDON GROSS

David BergerCARL BERGERASSOCIATES

Richard WarnerWARNER RE

Colleen CostelloLANGAN

ENGINEERING

George VlamisMICHAEL BAXTER

Arthur DeussingPRESTIGE GROUP

Ben AltmanPRESTIGE GROUP

Victor KaplanPRESTIGE GROUP

David AntzisSAUL EWING LLP

James RiskoDAVID CRONHEIM MORTGAGE CORP.

John (“Jack”) PierceSAUL EWING LLP

Kathy AndersonPROGRESS

REALTY ADVISORS

John GonzalezLANDMARK

CONSULTING ENG.

Fred ColdwellSALES

CONSULTANT

Douglas KierseyDP PARTNERS

Mike HessCBRE PA

Joseph BaxterMICHAEL BAXTER

& ASSOCIATES

Steve TragashGEBROE-HAMMER

ASSOCIATES

Lawrence AppoloARMM

ASSOCIATES, INC.

Bill GladstoneBILL GLADSTONE

GROUP OF NAI CIR

Year in Review 2011


Year in Review 2011

John MorrisseyJACKSON CROSS

PARTNERS

Donna Deerin WardLMS COMMERCIAL

REAL ESTATE

Dennis Scardilli, Esq., MAI, AICP/PP

Kevin Johnson, P.E.TPD, INC.

Michael GamzonGRIFFIN LAND

Joseph SweeneyNORTHMARQ

CAPITAL

Diane WeinbergFAMECO REAL

ESTATE

Larry ZipfFAMECO REAL

ESTATE

Matt HartzlerWARFEL

CONSTRUCTION

Mark GrubbCBC AMATO FM

Debra Stracke AndersonSLOAN STREET

ADVISORS | ITRA

John NichollsNICHOLLS

AUCTION MARKETING

Erich SchockFITZPATRICK LENTZ

& BUBBA P.C.

Bill WolfCBRE PA

Patricia HaftekHAFTEK CWS, INC.

Thomas WhitworthNORTHMARQ

CORPORATE SOLUTIONS

Walter D’AlessioNORTHMARQ

CORPORATE SOLUTIONS

Scott NaugleREAL PROPERTY INV. MGMT., LLC

Stephan LehmVANDEMARK &

LYNCH, INC.

Gary RosenWILKEN &

GUTTENPLAN

Jim KreiderBR KREIDER &

SONS, INC

Bryan ColeNAI KEYSTONE

John BuccinnoNAI KEYSTONE

Steven HercmanHERCMAN

PROPERTIES

Christiana FoglioCOMMUNITY INV.

STRATEGIES

Robert DiLeoNAI DILEO- BRAM &

COMPANY

Jerry FennellyNAI FENNELLY

Dave NicholsonLMS COMMERCIAL

REAL ESTATE

Joseph DeerinLMS COMMERCIAL

REAL ESTATE

Jim BolognoMERIDIAN CAPITAL

GROUP, LLC

Israel SchubertMERIDIAN CAPITAL

GROUP, LLC

Debbie JeffreyARTPLUS

Howard GeneslawGIBBONS P.C.

Michael Pratico Sr.RICHARDSONCOMMERCIAL

Michael PembrokeRUSSO DEV.

Robert DonnellyCUSHMAN &WAKEFIELD

Mark ZurliniPALISADES FINANCIAL

James WhitesellWHITESELL CO.

Arthur CampbellCAMPBELL

COMMERCIAL R.E.

David SchadCBC BENNETT

WILLIAMS REALTY

Kathryn BramSTREET SENSE

Bobby TraynhamCBC BENNETT

WILLIAMS


Year in Review 2011

The power to get ahead.

The electricityyou need.

© 2011 Hess Corporation

No matter what kind of business you have, Hess Energy has an electricity solution that’s sure to work for you now and in the future.From fl exible pricing options to invaluable insights from our trading desk to unparalleled customer support, we make it easy to make the most informed electricity decision possible.

Let us help your business. Visit www.HessEnergy.com/Electricity or contact:

Joseph SasalaRegional Sales [email protected]

Robert W. WelchSenior Sales [email protected]

Tim ConnorsSales [email protected]

http://www.HessEnergy.com/Electricity





Year in Review 2011

Ward McMastersEARTH

ENGINEERING

Nancy ReillyGEBROE-HAMMER

ASSOCIATES

Emanuel SternHARTZ MOUNTAIN

INDUSTRIES

Eli RosenGEBROE-HAMMER

ASSOCIATES

Don BaxterTHE KISLAK CO.

Michael HeddenFTI SCHONBRAUN

MCCANN

Marshall RosenSOLOMON ORG.

Rosalin PetrucciJ.G. PETRUCCI CO.

Ron CapelloGRUBB & ELLIS

Michael Pratico, Jr.RICHARDSON COMM’L.

Gary LeoneFAMECO

David FeldmanMARCUS & MILLICHAP

Pat GreenCB RICHARD ELLIS

Bill GoodwinCB RICHARD ELLIS

Ken KreiderBR KREIDER &

SONS, INC

Jonathan HippCALKAIN COS.

Brad NathansonMARCUS &MILLICHAP

Jordan MuchnickMARCUS &MILLICHAP

William PoundsWH POUNDSCOMMERCIAL

Kenneth LundbergNAI JAMES E.

HANSON

Aaron CostenbadeBERKS ECONOMIC

PARTNERSHIP

Pamela ShuppBERKS ECONOMIC

PARTNERSHIP

Robert Morris DAVID HIRSCHMAN REALTY COMPANY

Mike DetterHINERFELD

COMMERCIAL RE

Donald Smith, Jr.CONEWAGO

Henry GoodfriendNAI GLOBAL

Barry WaisbrodTHE KISLAK CO.-

Michael BarmashCOLLIERS INT’L.

Jerry WelkisWELCO REALTY

Rob SteinhartCOLLIERS INT’L.

Doug SayerCOLLIERS INT’L.

Angela BorbonTISHMAN

CONSTRUCTION

Jeffrey DoddTISHMAN

CONSTRUCTION

Brian AbbeyDCM

Victor DiLeoNAI DILEO- BRAM &

COMPANY

Spencer Garfi eldHUDSON REALTY

CAPITAL

Jeffrey WienerTHE KISLAK CO.

Paul BryantNAI EMORY HILL

Gregg BogiaBOGIA ENGINEERING

Rodger RowlesROWLES ASPHALT

Greg PineGEBROE-HAMMER

ASSOCIATES

Robert HollandTHE KISLAK CO.

MAREjournal.com Mid Atlantic Real Estate Journal — The Year in Review 2010 — December 24, 2010 - January 12, 2011 — Inside Back Cover D

GERBER/SOMMAAssociates

SPECIALISTS • INVESTMENT REAL ESTATEEXCLUSIVE BROKER

210 RIVER STREET • HACKENSACK, NJ 07601 • (201) 646-1234www.gerbersomma.com

DESCRIPTION: Two-Story Garden Apartment Complex Consisting Of 5 Brick Buildings Containing 68 Units – Built 1964 – On-Site Parking – Tenants Pay Gas Heat – Recently Renovated Roofs – 5 New Gas Furnaces Good Location – Near Cherry Hill, Philadelphia And Major Highways Leading To Delaware. Plot: 3.16 Acres

LAYOUT: 32 / 1 BR Units and 36 / 2 BR Units (Total: 68 Units)

ASKING PRICE: $3,400,000

DESCRIPTION: Garden Apartment Complex Containing Three 3-Story Brick Buildings Consisting Of 82 Units. Built in 1972. Tenants Pay Heat & Hot Water Via Electric. On-Site Parking. Good Residential Location With Supporting Commercial And Light Industrial Activity Interspersed. Nearby Shopping And School Districts Are Situated Along Main Arteries Leading To Major Highways With The Aid Of Bus Transportation. Plot: 3.41 Acres

LAYOUT: 52 / 1 Bedroom Units + 30 Two-Bedroom Suites (Total: 82 Apartments)


SOUTH JERSEY68 UNITS – NO RENT CONTROL

TENANTS PAY HEAT

PHILADELPHIA VICINITY82 UNITS – NO RENT CONTROL

TENANTS PAY HEAT & HOT WATER

DESCRIPTION: 32 Unit 2-Story Garden Apartment Complex. Built 1974. Separate Entrances. Individually Controlled Heat & Central Air Conditioning Paid By Tenants. On-Site Parking. Good Location. Minutes to Philadelphia And Adjacent To An Arterial Network Of Major Highways. Plot: 1.7 Acres

LAYOUT: 24 / 1 BR Units and 8 / 2 BR Units


SOUTH JERSEY: 32 GARDEN APARTMENTSTENANTS PAY HEAT – NO RENT CONTROL

HAROLD GERBER

FOR SALE

FOR SALE

FOR SALE

http://www.gerbersomma.com

D Back Cover — December 23, 2011 - January 12, 2012 — The Year in Review 2011 — Mid Atlantic Real Estate Journal MAREjournal.com

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:

12-23-2011

Documents

mid atlantic new jersey

square feet of class

mid atlantic region

office space availablefrom

sectionsmid atlantic

real estate journalreviewing

sf of finished office

commercialreal estate