6A — May 10 - 23, 2013 — Mid Atlantic Real Estate Journal
www.marejournal.com M id A tlAntic R eAl e stAte J ouRnAl providing well-located ind.properties near int’l. ports hartz Mountain industries leases 1.5 million s/f in 1st qtr. S ECAuCuS,NJ — hartz Mountain industries’ first quarter of 2013 leas-
ing report boasts more than 1.5 million s/f of industrial, office and retail properties leased. A bulk of these leases was in Hartz’s warehouse asset class, with 14 leases signed to date in 2013. Six of those were to new tenants totaling more than 344,419 s/f, including 126,086 s/f to US Display Group and 70,542 to Full Throttle Films in Secaucus and 58,775 s/f to Atlantic Health System, Inc. in Whippany. Renewals were also strong with Pier One Imports renew- ing 634,000 s/f in Baltimore, MD and Preferred Display re- newing 84,645 s/f in Clifton. “Our outstanding first quar- ter can be attributed to our ability to provide well-located industrial properties near EASToN, pA — New East- wood Care & Rehabilitation Center has become the latest addition to Tryko partners, llC’s skilled nursing portfolio. The private equity real estate group purchased the facility from Signature HealthCARE for $6.3 million. Located at 2125 Fairview Ave., the two-story nursing home includes 97 beds. “New Eastwood benefits from a su- perb location with limited com- petition in the immediate area,” said uri Kahanow , Tryko Part- ners’ director of acquisitions. “It also is right in our backyard, just an hour away from both our corporate headquarters and our Kearsley Rehabilitation and Nursing Center facility in Philadelphia.” The Private Bank provided Tryko Partners with financing for the New Eastwood acqui-
We’ve got the capital connections to deliver the right results.
Hartz Mountain’s Harmon Cove Industrial Development in Secaucus Is more than 20 million s/f.
international ports in Newark and Elizabeth in New Jersey and Baltimore in Maryland, creating logistical advantages
and reducing fuel costs,” said Emanuel Stern , president and COO for Hartz Mountain Industries. n
R E C E N T N O R T H M A R Q T R A N S A C T I O N S
Tryko partners adds new Eastwood to skilled nursing portfolio
Lakeside 81,470 SF TYPE: RETAIL/OFFICE CITY: COLUMBIA, MD LENDER: LIFE COMPANY
Bestgate Road 118,201 SF TYPE: CLASS “A” OFFICE CITY: ANNAPOLIS, MD LENDER: CMBS
Red Branch Rd 90,000 SF TYPE: INDUSTRIAL CITY: COLUMBIA, MD LENDER: LIFE COMPANY
Real Estate Capital
33 OFFICES COAST-TO-COAST
Baltimore Office JOE BURKE NANCY FERRELL BILL LIBERCCI TIM GREISMAN 410.296.6565
2125 Fairview Ave.
sition. Sam dendrinos and laura Santillanes managed the transaction. “This is the second time we have worked with Sam and Laura, who also helped us with our acquisi- tion of the Kearsley campus in
2011,” said Chad Buchanan, Tryko Partners’ chief invest- ment officer. “Their customer- focused approach enabled us to work in a tight timeframe. We moved from contract to closing in just 60 days.” n
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