M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — 27C
www.marej.com
The LARGEST OFFICE SALES of 2019
JLL 1735 Market Street Philadelphia, PA
Denholtz Associates Markel Office Acquisition Red Bank, NJ
Lee & Associates New Jersey 482 Great Notch Road Woodland Park, NJ
Crista Governara
Size: 79,022 SF Brokers: required: $14.8 million
Size: 18,000 SF/0.8 acres Broker: Crista Governara
Brokers: NKF Executive Managing Director Steven M. Schultz, Managing Director Tony D. Georgiev, and Manag - ing Director Adam Silver as leasing expert, represented the buyer and seller in this transaction. In May, Denholtz Properties acquired a 79,022 SF of - fice portfolio comprised of a 40,701 SF office building at 310 Highway 35 South and a 38,321 SF office building at 322 Highway 35 South in Red Bank, NJ. The transaction marked the latest chapter of Denholtz Properties’ expansion in Red Bank. In addition to the office portfolio acquisition, Denholtz Properties relocated their headquarters to down - town Red Bank in 2019 and their firm is currently in the midst of completing The Rail @ Red Bank, an ambitious mixed-use development project, mere steps away from the Red Bank train station.
Crista Governara of Lee & Associates New Jersey, LLC brokered the purchase of 482 Great Notch Road, Woodland Park, New Jersey to BlueCrest Recovery Center. BlueCrest Recovery, a New Jersey based reha- bilitation center for those afflicted with the disease of alcoholism and drug addiction, had been in occupan- cy of the building as a tenant since December 2015. BlueCrest’s strategic purchase of the building repre- sents its long term commitment to the Woodland Park area, as well as to its expanding client base. BlueCrest will occupy the entire building in January 2021. Crista Governara was assisted by Rick Marchisio and Drew Maffey of Lee & Associates’ Central Jersey Broker - age Team.
Doug Rodio
Brett Segal
Coleman Benedict
Size: 1,286,936 SF Brokers: JLL’s Doug Rodio, Brett Segal, and Coleman Benedict JLL represented the seller of 1735 Market, a trophy office tower totaling 1,28,936 SF located in CBD Market West, Philadelphia, PA.
The BEST GREEN PROJECT of 2019 IMC Construction Chemours Discovery Hub Newark, DE — 340,000 s/f —
Murray Associates Architects Pennsylvania Housing Finance Agency-Expansion Project Harrisburg, PA
Size: 340,000 SF Level: 3 Green Globes
Size: 39,705 SF Level: LEED Platinum
On 15 acres within University of Delaware’s 272-acre Science, Technology & Advanced Research (STAR) campus, project includes 250 unique labs, 50 specialty rooms, cafes, conference rooms; 20 “huddle” rooms for small group meetings. The energy recovery ventilation system that uses 100 percent outside air. In laboratories that use 17 exotic gases, recirculating interior air is impossible. Ducts (~92 inches) draw clean air in from outside and circulate it throughout the building. Additional features include energy-efficient options for appliances, occupancy sensors and LED lighting, reflective roof coating and a native plant landscaping plan. Featured in ENR MidAtlantic Magazine .
The Pennsylvania Housing Finance Agency’s Headquarters expansion incorporates their initiative to manage and mitigate climate change. This LEED Platinum & Passive House project is the only one of its kind in the United States to date, as it renovates an adjacent historic building and constructs a new 8-story tower. The design utilizes electrochromic glass, exterior VRF mechanical units, 76 Photovoltaic panels, a living roof and the new tower cantilevers over the historic building. The collaborative office design includes break-out/flex spaces, office suites, varied teaming spaces and technology. The use of color, fabric, textures and lighting create a “Staff Focused” environment.
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