16C — March 2024 — Best of 2023 — M id A tlantic Real Estate Journal
www.marej.com
The BEST of 2023
The BEST INDUSTRIAL PROJECT of 2023 IMC Construction Crown 95 Logistics Center Philadelphia, PA
The MOST UNIQUE MULTIFAMILY SALE of 2023
Cushman & Wakefield Mountain View Crossing Wayne, NJ
The BEST NEW GOVERNMENT PROJECT of 2023 DIGroup Architecture Union County Government Complex Elizabeth, NJ Size: 640,000 s/f This new 640,000 s/f modern class A distribution center is strategically positioned to serve both the Philadelphia metropolitan area and the Eastern I-95 Corridor. The project includes 36’ clear ceiling heights. Other notable project features include 3.5 acres of secured off-street trailer, van, and car parking and prominent branding opportunities on highly trafficked Erie Avenue as well as a lofty position to the general surrounding area via a historic water tower. Formerly the location of Philadelphia powerhouse manufacturing firms Progress Lighting and Crown Cork and Seal, the area is a historically proven home to corporate occupiers of the Philadelphia region.
Mountain View Crossing is a class A multifamily complex comprised of 465 units. Cushman & Wakefield’s Capital Markets team arranged the sale from UBS to The Pomeranc Group, while Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the $97,692,000 acquisition financing provided by Greystone.
Levin Management Corporation (LMC) The BEST FULLY INTEGRATED 3 rd PARTY SERVICES PROVIDER of 2023
Levin Management’s agility stems from its longevity (through seven decades of market cycles the firm has “seen it all”) and fully integrated services including in-house property management, leasing, construction management and develop- ment, accounting and financial reporting, lease administration, marketing, and acquisition and disposition consulting services. With retail industry momentum fueling property owners’ focus on competitive positioning and reinvesting in their properties, Levin has seen a marked uptick in activity for its in-house construction management services – a capability that distinguishes the firm among its peers. Notably, in 2023 As managing and leasing agent Levin launched a major rede- velopment at Blue Star Shopping Center in Watchung, NJ, which was catalyzed by an in-center relocation and new, 72,000 s/f lease with long-time tenant Shop- Rite. The team is also active with fit outs and pad site developments throughout its portfolio. Additionally, the construction management team spearheaded the ground-up construction of two industrial buildings to expand Rutgers Industrial Center, an established campus in Piscataway, NJ.
Size: 225,000 SF Appointed by the Union County Improvement Authority, DIG developed a planned centralized hub for social services and administration in one location, thus reducing leasing and overhead costs while enhancing service delivery to county residents. The Administrative Building’s midrise structure sits atop one level of parking while the 7-story Human Services Building is located at the east end of the site, proximate to downtown, public parking and public transportation. In addition to stepped-back lower-floor curvilinear facades, upper floors are clad with complementary glass and metal facades that respond to interior uses and allow ample daylight.
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