12B — June 26 - July 16, 2020 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Marcus &Millichap inks 12 -unit multifamily sale
ANASSAS, VA — Tilting of the con- crete panels began Construction on track to deliver by September 1st Matan Cos.’ walls tilting up on Matan’s spec warehouse M help fulfill a critical economic and community need.”
In other news, With $900 donated from their employees, Matan Companies teamed up with local restaurant Il Forno Pizzeria last week to provide more than 160 free meals to Frederick Health Hospital workers and local 911 call center staff. Matan employees stepped up in a big way and far sur- passed the initial goal of $500 set by their Philanthropic Committee. Two full hospital nursing shifts as well as 911 call center staff were able to be fed over three days with the money collected. “When we are unable to leave our homes and go about our daily lives, a contingency of community members are still selflessly serving those in need,” said Meredith Roark , director of operations and Phil- anthropic Committee member for Matan. “This is our small way of recognizing them and thanking them for all they are doing to keep our community safe and healthy.” MAREJ
last week on the Matan Com- panies’ spec warehouse proj- ect on Cushing Rd. in Manas- sas. The 13.56-acre parcel, situated in the heart of Prince WilliamCounty’s I-66 corridor and the County’s Data Center Overlay District, was pur- chased by Matan in Septem- ber 2019. Upon completion, the state-of-the-art 187,787 s/f class A industrial building will feature 32’ clear ceiling height, 40’ x 40’ column spac- ing, a 50’ speed bay, and 120’ truck court. Delivery of the shell building is on track for completion in early September. Strategically located directly adjacent to FedEx Ground’s 175,000 s/f distribution hub, the site offers an unparalleled location with excellent proxim- ity to I-66 and over 1,000 feet of frontage along Prince Wil- liam Pakwy. “Developing real estate spec- ulatively always comes with uncertainty, so keeping the NORTH CORNWALL TWP., PA — Late last sum- mer North Cornwall Commons announced the future arrival of a future 90-room 4-story Fair- field Inn & Suites by Marriott to the project. Byler Holdings, LLC, Expo Center Hotel, LLC and CAMPBELL Commercial Real Estate, Inc. hosted a groundbreaking on Thursday, June 11th, to celebrate the beginning of construction at the site. This hotel is an excit- ing addition to not only the project, but also to the North Cornwall Twp. Since 2010, Lebanon is the second fastest growing county in Central Pennsylvania. In addition to the new Fairfield
process moving during the pandemic has come with add- ed weight,” said Brad Benna of the Matan Companies. “However, we are committed to, and confident in, the long game with Northern Virginia and the surrounding DCMetro Market and know that forging ahead is the right plan. With so many essential businesses relying on the versatility that high bay industrial product like ours offers, we think the timing might just be ideal to Parkway 66
2 Lienau Pl.
architecture that allows best- of-breed third-party applica- tions to easily connect and interact with other programs to create a true end-to-end solution. Further, platforms that offer support for Open API standards not only ensure the easy integration of today’s true cloud applications, but also tomorrow’s software ad- vancements and innovations. As the business world again hits “play,” construction prac- titioners have a golden oppor- tunity to embrace the curve with an insightful eye on the latest methods and means for improving company-wide pro- ductivity; easily capturing and storing in-depth project data for instantaneous retrieval; and stimulating profits across every operational phase. Michael Mullin, is presi- dent of Integrated Busi- ness Systems in Totowa, NJ. MAREJ Jonathan Zamora , an in- vestment specialist inMarcus & Millichap’s New Jersey of- fice, had the listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Zamora. MAREJ a Navien Tankless system replaced in 2019 and soffits and gutters replaced in 2020. Additional amenities include eight parking spaces and on- site laundry room. In a seperate transaction, Marcus & Mi l l ichap an- nounced the sale of West New York & Guttenberg Portfolio, a 14-unit apartment property located in West New York, ac- cording to McGuckin, regional manager of the firm’s New Jersey office. The asset sold for $2.075 million.
And scalable subscription plans can be tailored to fit com - fortably into limited budgets. That’s why the right partner is so important. There are hundreds, if not thousands, of software applications from which to choose. But which is the right one for your com- pany? Which is the one that will effortlessly integrate with legacy systems to store, gener- ate and retrieve information needed at a moment’s notice and from just about any device connected to the Internet? When it comes to construc- tion, it’s impossible to provide a single, cookie-cutter solution for every job and client. That’s the value of specialization. Few cloud construction soft- ware solutions on their own fulfill the requirements of every individual customer and user. Look for a product devel- oped with an advanced open JERSEY CITY, NJ — Marcus & Millichap an- nounced the sale of 42 Lienau Pl., a 12-unit apartment prop- erty located in Jersey City, according to James McGu- ckin , regional manager of the firm’s New Jersey office. The asset sold for $2.3 million. Daniel Aviles and Andrew M. Zuckerman , investment specialists in Marcus & Mil- lichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured and represented also by Aviles and Zucker- man. 42 Lienau Pl. is located at 42 Lienau Pl. in Jersey City. Some of the recent renova- tions to the property include a 2018 roof replacement,
CAMPBELL CRE hosts North Cornwall Commons groundbreaking
continued from page 11B Construction and technology: . . .
North Cornwall Commons Hotel Groundbreaking Event
Inn & Suites by Marriott, North Cornwall Commons is a contemporary mix use develop- ment which is home to an inte-
grated townhome community, retail shops, planned luxury apartments, and new office space establishments. MAREJ
PRINCETON, NJ — Wood- mont Properties announced it recently started construction at Woodmont Way, its newest luxury multifamily apartment community. Located at 200 Emmons Dr. in Princeton, the community will consist of 443 residences. Upon completion Woodmont Way will offer a mix of one- ing walking, hiking, bike trails and golf courses. Immediately adjacent to US-1, Woodmont Way is only minutes from a variety of shopping, entertain- ment and dining venues includ- ing Trader Joe’s, MarketFair Shopping Mall, Whole Foods Market, P.F. Chang’s, Amazing Escape Room and Buffalo Wild Wings. MAREJ Woodmont Properties starts construction of 443 apartments bedroom, two-bedroom and three-bedroom uniquely de- signed residences. Homes at the community will feature modern plank floors, nine- foot ceilings, spacious walk-in closets and elegant finishes throughout. Located ideally, the commu- nity is proximal to a host of out- door recreation options includ-
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