30C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal www.marej.com The BEST OUT OF STATE PROJECT/DEAL of 2019 Progress Capital Marketfair Shopping Center Fayetteville, NC Denholtz Properties Deerfield Beach Office Park Deerfield Beach, FL JLL Westchester Flex Portfolio Westchester County, NY and Fairfield County, CT
Size: 219,600 SF Kathy Anderson arranged a loan for the acquisition of the Marketfair Shopping Center located in Fayetteville, NC. The class A Retail Center consists of 17 tenants and 1,288
Size: 3.1 million SF Brokers: JLL’s Jose Cruz, Marc Duval and Jordan Avanzato JLL represented Mack-Cali Realty Corporation in the sale of a 56-building light industrial portfolio totaling more than 3.1 million SF in Westchester County, New York, and Fairfield County, Con - necticut. A joint venture partnership managed by Westchester-based Robert Martin Company purchased the portfolio, in what represented the largest suburban NYCMetro portfolio sale in more than 15 years.
Size: 157,438 SF In addition to a diverse New Jersey portfolio, Denholtz Properties has built a robust portfolio in the central and south Florida market. The acquisition of the two- building, 157,438 SF Deerfield Beach office portfolio in 2019 pushed Denholtz Properties’ Florida portfolio to over 1.5 million square feet of industrial and of- fice space. Situated in Broward County, the Deerfield Beach portfolio is currently 98 percent leased to 31 tenants and represents an ideal acquisition opportunity in the red-hot south Florida real estate market, further positioning Denholtz Properties for continued success in the market.
parking spots on 23.38 acres. The prop- erty recently underwent a complete rede- velopment and re-tenanting, highlighted by the mid-December grand opening of Lidl, a German-based grocery store. Other national tenants include Planet Fitness, Gander Outdoors and AMC Theaters. Fort Bragg, the largest Army Base in the US with over 55,000 active military personnel is located just 7 miles away.
Key terms of the loan include 3.53% Fixed for 10 years, Non-Recourse, 3 Years I/O, 30 Year Amortization thereafter, limited T/I and L/C Reserves.
The BEST NON-PROFIT PROJECT of 2019 Colliers International-PA 3906 Church Road Philadelphia, PA Benchmark Construction The Grove at Meadowood Worcester, PA
J.G. Petrucci Company, Inc. Comprehensive Learning Center Warminster, PA
Size: 27,600 SF Evan Zweben, of Colliers International, concluded a long term lease with Samaritan Healthcare & Hospice at 3906 Church Road in Mount Lau- rel on behalf of the owner.
Size: 21,078 SF Broker: Brian Glancey, The Flynn Company The Comprehensive Learning Center, Inc. (CLC) came to J.G. Petrucci with several challenges when locating their next site. As a non-profit organization, CLC had specific pri - orities when looking for a potential site. The first, to find a location in close proximity to its existing location, and the second, to select a plan that catered to their strict operating. After taking the time to understand CLC’s real estate needs, J.G. Petrucci was able to step in and provide a turnkey so- lution that met CLC’s budget and timeline, while planning for its future success. J.G. Petrucci redeveloped a 22,000 SF building featuring upgraded finishes, two fully equipped kitchens, shower facilities, gymnasium, multiple classroom areas, and an outdoor playground.
Samaritan Healthcare & Hospice, South Jersey’s first – and largest hospice organization - is expected to relocate its corporate offices from Evesham, NJ to its new, larger, home at 3906 Church Road in early 2020 upon completion of a complete inte- rior and exterior renovation of the site. The tenant was represented by WCRE.
Size:104 acres The Grove at Meadowood will consist of 52 new resi- dences, ranging in size from 1,400 to 1,800 SF. The new, spacious residences will feature large, open floor plans with ground floor indoor parking. Each resi - dence will have a “corner view” with large windows overlooking a beautifully landscaped courtyard or one of many tree-lined views. The 52 units will be spread across four hybrid apartment buildings.
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