4B — November 23 - December 13, 2018 — New York Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew Y ork D eal M aking
OBYHANNA, PA — KW Commerc i a l , The Daniel Perich Carriage Square is a 16-unit, 65,000 s/f shopping center anchored by Rite Aid and Aaron’s KW Commercial, The Daniel Perich Group facilitates sale of Carriage Square Shopping Center T 65,000 s/f shopping center an- chored by Rite Aid and Aaron’s located in Coolbaugh Twp.
Tenants in- clude Family Dollar, H&R Block, Sub- way, pizze- ria, tobacco s t ore , ha i r sa l on , and Chinese res- taurant. The
Group an- nounced the sale of Car- riage Square at 674 Rte. 916 in Toby- hanna. Man- aging direc- tor, Daniel P e r i c h ,
Carriage Square
Robert Velez
Daniel Perich
numerous opportunities for recreation including the Toby- hanna State Park. The major 5 points intersection of State Rtes. 611, 940 and 196 is three
miles south of this property. Nearby area attractions include Kalahari Resorts, Pocono Man- or Resort, Great Wolf Lodge and Mt. Airy Casino Resort.
Sanofi Pasteur, Pocono Moun- tain School District, and The Crossings PremiumOutlets are also in close proximity. Major area developments include the proposed $400 million Pocono Springs Entertainment Village and 130,000 s/f expansion of Kalahari Resort’s convention center. The buyer, a regional invest- ment group, plans on bringing a new management approach to the center. In addition to investing in the current struc- ture, they have hired an en- gineer to work on expansion plans in order to attract larger tenants to serve the local com- munity better. TH Real Estate Appoints Martin as co-head of its US Retail Platform BOSTON, MA — TH Real Estate , an affiliate of Nu- veen (the investment man- head John Ragland in lead- ing the company’s dedicated retail sector investment team and overseeing all retail equity acquisitions, dispositions and asset management in the US. After a 40-year career in real estate, Ragland will retire in February 2019. Martin is an 18-year real estate industry veteran with deep acquisition and asset management expertise in the European, US and Lat- in American retail areas. As co-head of the US retail strategy, Martin will help to lead of team of investment and operations professionals that provide deep specialist investment expertise in the retail sector. Manuel Martin agement arm of TIAA), has a p p o i n t e d M a n u e l Mart in as co -head o f its US Re- tail Sector platform. He joins US co-
shopping center is situated at a lighted intersection surrounded by Pocono Farms residential development. Coolbaugh Township offers
CCIM along with Robert Velez of KW Commercial, The Daniel Perich Group facilitated the transaction. Carriage Square is a 16-unit,
RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1
Seeking Retail Opportunities Consistently Ranked #1 Franchise - 50+ Y ear T rack Record
Looking for sites in PA & S. NJ End Cap, In-line, Free Standing Flexible Space Requirements
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Eastern PA — Local Contacts: Philadelphia PA & Southern NJ —
610-366-8120 x 24, Cheryl Green green_c@sdepa.com 410-752-6760, Evan Brodie evan@sandhumanagement.com
realestate.subway.com www.subway.com
facebook.com/SDEPA1
Made with FlippingBook Online newsletter