6C — November 19 - December 23, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

Delaware Valley based builder and developer Hagen Construction unveils new 72,000 s/f corporate HQ & personal wellness complex

B ENSALEM, PA — For Delaware Valley based builder and developer Alfred “Fred” Hagen of Ha- gen Construction, Inc. the opening of new buildings is pretty routine, as he juggles up to 60 multi-million dollar projects stretching from this region to Alaska. But the Grand Opening event November 6th of a sprawling new headquarters and com - mercial services complex at 3300 State Rd. in Bensalem is a little different. For Hagen, a son of Delco who went fromworking the Alaskan

snatch victory from the jaws of defeat by taking over a 72,000 s/f stalled and financially mired project that had been a linger - ing community irritant. Now the new building com - plex will house the Hagen Construction building supply depot, its corporate offices and a personal wellness center with fitness & spa facilities, massage therapist, stylist, a natural snacks and smoothie bar, as well as a retail center for Ha - gen's own Sugar Bottom Hemp Company top quality Bucks County grown CBD stress and pain relief products. MAREJ Tryko acquires skilled nursing/ assisted living facility in NJ ALLENDALE , NJ — Tryko Partners has expand - ed its northern New Jersey skilled nursing and assisted living real estate portfolio with the acquisition of The Al - lendale Community for Senior Living in Allendale. Located at 85 Harreton Rd., the 299-bed facility had been family owned for more than 50 years. “The acquisition of this out - standing asset enables us to add significant scope to our real estate investment pres - ence in the sought-after north - ern New Jersey market,” said Tryko’s Uri Kahanow , direc - tor of acquisitions. “Allendale is a well-respected, legacy- owned property – one poised to remain a regional market leader. The sale process was highly amicable and enjoyable, thanks to the Giancarlo fam - ily, which built this property in the late 1960s and has a sterling reputation in the industry. We look forward to supporting Allendale’s next chapter.” The two-story, 146,000 s/f Allendale Community for Se - nior Living building includes three sections: Allendale Nursing Home (skilled nurs - ing), Carlton Court (memory care) and The Atrium (as - sisted living). The facility’s primary referral source for short-term residents is The Valley Hospital in Ridgewood. In addition, Allendale draws admissions from Hackensack University Medical Center in Hackensack and Hackensack University – Pascack Valley Medical Center. MAREJ

State and Street Roads site is the custom designed Headquar - ters for his hydra-headed busi - ness, intellectual curiosity and philanthropic interests. An acclaimed historian and a documentary filmmaker, Hagen is also a trailblazer on a mission to revolutionize build - ing and consumer products and eliminate environment choking plastics with industrial scale hemp cultivation, processing and product development. In a metaphor for a career marked with amazing saves and turnarounds, this proj - ect also challenged Hagen to

Hagen HQ

pipeline in the late 1970s to "banging nails" and ultimately becoming one of the nation's top independent builders, this

Alfred "Fred" Hagen

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