34A — March 19 - April 15, 2021 — M id A tlantic Real Estate Journal


M id A tlantic R eal E state J ournal Awards, promotions and long term anniversaries NAI Summit celebrates their 2020 highlights and employee recognitions Welcome new clients! WELCOME NEW HIRES!

hroughout 2020, we have promoted staff, added new team mem- bers, celebrated long term anniversaries, congratulated employee recognitions, sup- ported local, and welcomed new clients. Despite the challenges 2020 brought to many, we are grateful we are able to look back and celebrate our high- lights. With almost 40 years in the industry, we have faced a variety of obstacles through that time and have remained stable and resilient, just the like Lehigh Valley we live in. Our regional economy showed signs of recovery beginning in Fall of 2020. In recent issues of Mid-Atlantic Real Estate Jour- nal , we dive into more detail T

coordinator. Thank you all for your hard work and dedication to NAI Summit! SUPPORT LOCAL Each year NAI Summit al- locates funds to support local non-profit organizations in our region. A few organizations we supported in 2020 include March of Dimes, Big Brothers Big Sisters, Minsi Trails Boy Scouts of America, LVEDC, and the Iron Hill Charity Golf Open to Support Veterans. NAI Summit is the Greater Lehigh Valley’s largest fullser - vice commercial/industrial real estate firm servicing Eastern Pennsylvania. We have more to come so stay tuned for our exciting announcements and milestones! MAREJ

NAI Summit welcomes Matt McDonald (Property Manager), Jennifer Kennedy (Real Estate Agent), Susan Gallagher (Se- nior Property Manager), and Danielle Snyder (Accounting) to the team! Sarah-Finney Miller, Vice President at NAI Summit, honored with Lehigh Valley Business 40 under 40 Award PROMOTIONS ! Jena Young promoted to senior property manager, Janie D’Aurora to senior property accountant, Jon Skekel pro - moted to senior property man- ager, Nancy Worby to Chief Operations Officer, and Bran - dy Barbera to administrative

about our predictions for 2021. If you are interested in reading more about our 2021 outlook, you can find it on the MAREJ website, our NAI Summit LinkedIn, or by contacting us directly at the information pro- vided at the end of this article. Readmore about NAI Summit’s 2020 year and growth below! HAPPY ANNIVERSARIES, TEAM!!! Happy 15 years to Diana Ha- genauer and Matt Schmeltzle, 10 years to Janie D’Aurora, and 5 years to Sarah Finney- Miller, Lance Jones, and Nan -

cy Worby! NAI Summit wins TOP place in the LVB Reader Rankings awards for two categories – Best Commer- cial Real Estate Company and Best Property Manager 5+ Million s/f managed, $6+ million in sales, and 469,000+ s/f leased Mid- Atlantic Real Estate Jour- nal Honors Staci Saeger & Sarah-Finney Miller with 40 under 40 Awards Over two million new s/f added to property manage- ment and brokerage portfolios.

Aronson of SLN Capital Markets sells four shopping center outparcels

Proposed 42-story development will feature 902 rental units H AP Investments announces new plans for residential bldg.

JERSEY CITY, NJ — HAP Investments , a New York- based real estate investment and development company, has announced new plans for its proposed luxury rental development at 500 Summit Avenue in the Journal Square neighborhood of Jersey City. Located near the Journal Square PATH station with easy access to Manhattan, the planned 42-story building will feature 902 residential units along with an almost one-acre public park, retail stores, and an 8,500 s/f community center. “We look forward to continue working with the City of Jer - sey City and local community board to finalize our plans for 500 Summit Avenue,” said Eran Polack , CEO-NY & Co- Founder of HAP Investments. Designs for the park include an open-air terrace with seat- ing, a playground, pedestrian footpaths, and a dog run. The community center includes a large glass façade, with flexible spaces for art, culture, classes, and meetings. HAP Investments will also provide $500,000 towards new plantings and public amenities in the nearby Hilltop section, as well as designate parking spaces for visitors to the com- munity center and the Hilltop Neighborhood Association. “Our goal is to create a desti- nation that serves not only the

Greenbrier Square Shopping Center

CHESAPEAKE , VA — SLN Capital Markets , a division of S.L. Nusbaum Realty Co. , completed the sale of four separate outparcels to four different buyers at the Greenbrier Square Shopping Center in Chesapeake. All of the transactions occurred within a fewmonths after they hit the market, showing the continuing high demand for single tenant net leased assets. “All of these deals had a few things in common. They were

leased to national tenants with strong guarantors, long lease terms in place and they were located in a top shopping center off the interstate,” said Doug Aronson , senior managing di- rector of SLN Capital Markets who represented the sellers. “Buyers are flocking to safety and are willing to pay for peace of mind.” Sales prices ranged from $1,500,000-$2,025,000, with cap rates ranging between 4.94%-5.30%. MAREJ

NIA National Realty’s Bianco handles 400 s/f retail lease in Bergen County, NJ

HILLSDALE, NJ — Nina Bianco , vice president of NIA National Realty , has negotiated a 400 s/f retail lease transaction in Hillsdale. At 432 Hillsdale Avenue, Hillsdale, Bianco leased the space to Moon Magic, a place for small groups to get to- gether for healing sessions and retail as well. Moon Magic joins West Hills Deli, Ricardi Paints, Yarn Shop and so much more! MAREJ

500 Summit Avenue

residents of 500 Summit Ave., but the entire neighborhood as well,” Polack stated. HAP Investments is a New York City based real estate investment group that special- izes in the development of resi- dential and commercial prop- erties. HAP works with private investors to create profitable investment opportunities that

have a strong prospect for long term upside profits. Formed by longtime Partners and entre- preneurs Eran Polack, Amir Hasid and Nir Amsel, the HAP team brings together a skilled group of businesspeople with broad experience in the global real estate markets, property development, real estate fi- nance and law. MAREJ

432 Hillsdale Ave.

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