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R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 27 Issue 1 January 16 - 29, 2015

Tropp, Romirowsky and Singer orchestrate $15.37m for housing dev. Eastern Union Funding closes $18.75m construction loan inManhattan Beach

B 2015 Forecast

Eas tern Uni on Funding closed a deal for the develop- ment of three townhouses, seven condominium units and a fully automated 45- car garage in the Park Slope neighborhood of Brooklyn. Located at 346 13th St., the development site trad- ed on December 3rd. East- ern’s Marc Tropp, Shai Romirowsky and David Singer negotiated the $15.37 million acquisition and con- struction loan covering 70 of the project costs. It carries a floating rate of 3.75 over LI- BOR, with a floor of 4.75 on a 30-month term. Financing was provided by the United States arm of an Israel-based lender, Bank Leumi. The project sponsor, Amer- ican Development Group CEO Perry Finkleman , is actively expanding a portfo- lio that includes successful buildings, renovations, office space marketing and over 6,000 luxury and affordable residential units. n the buyer, whose name was not released. “Several challenges were faced in marketing The Gates,” said Gambuzza. “In addition to the effects of the economic turmoil in nearby Atlantic City, the property had Fred- die Mac debt that needed to be assumed.” Despite all the obstacles, several offers were produced and ultimately the best offer was selected based on the pur- chaser’s track record for repo- sitioning assets, understanding of the market and price. Somers Point is a four- square-mile municipality lo- cated in the eastern portion of Atlantic County, approxi- mately seven miles southwest of Atlantic City and 60 miles east of Philadelphia. It is a resi- dential community well known for its marinas, boating, and fine restaurants. n

ROOK L Y N , N Y — Eastern Union Funding orchestrat-

ed a develop- ment project planned for 1 0 2 W e s t End Ave. An entity o p e r a t i n g as 102 West End Pa r t - ners, LLC,

Jeff Seidenfeld

is heading construction of the seven story building, which will house 51 units in Brooklyn’s Manhattan Beach neighborhood. The building will consist of 48 luxury hous- ing units, three commercial spaces. Costs for the development site and construction com- bined are estimated at $26 million. Cushioning these costs was Eastern Union Funding’s Jeff Seidenfeld , who negotiated a 30 month loan with a floating rate of .25 over prime, with a floor of 4.5. Financing was provided

102 West End Ave.

the ground.” “Today’s brokers need to understand the trajectory of the construction market in order to meet the tidal wave of demand in this arena,” said Ira Zlotowitz , president of Eastern Union Funding. “Thanks, in part, to his capac- ity to structure sophisticated loans and sheer tenacity, Jeff is one of those best-in-class brokers.” In a separate transaction,

by Valley National Bank . “It’s a credit to a strong borrower and a robust con- struction market that this deal was able to close so smoothly,” Seidenfeld said. “We were able to translate the client’s vision to a very receptive lender, who, like the client, understands that construction is one of the biggest commodities on the market, and all parties came together to get this thing off

12-21A

Tranzon to auction ±41 acres Feb. 26 in Gettysburg, PA

Nat Gambuzza and John Veniero represented both the seller and the buyer Marcus & Millichap completes $11.4m sale of a 202-unit apartment complex in Somers Point, NJ

SOMERS POINT, NJ — Marcus & Millichap an- nounced the sale of The Gates at Somers Point, a 202-unit garden-style apartment com- plex in Somers Point, NJ. The commercial real estate

Directory

DelMarVa.................................................................5-6A Financial Digest......................................................7-11A New Jersey....................................................... Section B Southern New Jersey. ............................................5-11B Pennsylvania.................................................... Section C Eastern Pennsylvania. ............................................ 5-11C

The Gates at Somers Point

investment asset sold for $11,400,000 or $56,436 per unit. The property is located on almost five acres at 555 Shore Rd. in Somers Point near Shore Medical Center. The complex is composed of five buildings with mature land-

scaping and a desirable unit mix of mostly two-bedroom units. Nat Gambuzza , vice presi- dent investments and John Veniero , associate, both in Marcus & Millichap’s New Jersey office, represented the seller, WWW Associates and

Upcoming Spotlights January 30, 2015 Economic Development

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Inside Cover A — January 16 - 29, 2015 — M id A tlantic

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Mid Atlantic Real Estate Journal is pleased to announce. . .

We are currently recruiting our speaker panel and sponsorships .

Topics Include: • Industrial 2.0: The new approach to industrial development • The Power of Collaboration – City/Counties partnering on economic development projects • Opportunities in the Industrial Real Estate Market • Industrial Generals “A special gathering of respected industry experts in an open forum”

For speaking and sponsorship information, please contact Linda Christman at 781-871-3456 or lchristman@marejournal.com

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Meet Our Speakers & Moderators

Michael Nachamkin, Senior Managing Director, HFF | New Jersey Moderator: 11:00 AM | Industrial Generals “A special gathering of respect- ed industry experts in an open forum” BIO: Mr. Nachamkin is a Managing Director in the New Jersey office of HFF with more than 25 years of experience in the commercial real estate and finance industry. He specializes in industrial investment sales in the New York Metropolitan area and nationally. During the course of his career, Mr. Nachamkin has been involved in more than $1.5 billion of real estate trans- actions including the largest industrial portfolio sale of 2012 and 2014 in NJ. Mr. Nachamkin joined HFF in October 2010. Prior to joining the firm, Mr. Nachamkin was Regional Partner and Executive Vice President of Oakmont Industrial Group, an Atlanta-based development and investment company. Prior to Oakmont, he worked at Prologis as Regional Director for the North- east US and Canada; President of Whitehall Industrial Properties, a Gold- man, Sachs affiliate; and Cushman & Wakefield. Paul Heilmann, Senior Vice President, Columbia Bank Speaker: 8:00 AM| Industrial 2.0: The new approach to industrial development BIO: Paul Heilmann is Senior Vice President (SVP) of Commercial Real Es- tate Lending and Commercial Construction Lending at Columbia Bank, one of New Jersey’s leading community banks with Total Assets of $4.3 Billion and 44 Branches. Heilmann is a member of the Bank’s Commercial Loan Committee and Senior Loan Committee. His responsibilities include over- sight of two lending groups. Prior to joining Columbia in 2004, he was the SVP of Commercial Lending at Penn Federal, a Newark, N.J. based bank for 10 years. Responsibilities included all commercial lending activities includ- ing real estate lending, loan workout and accounts receivable lending. Hei- lmann was also the Bank’s designated environmental officer. He has also held positions as a VP of loan workout for Barclays Bank during the late 1980’s and early 1990’s, and was a Senior Associate in leverage finance for CA-NY during the mid 1980’s. H. Gabriel, Executive Vice President Capital Markets, Cushman & Wakefield of New Jersey Moderator: 10:00 AM | Opportunities in the Industrial Real Estate Market BIO: H. Gary Gabriel serves as Executive Vice President of the Metropolitan Area Capital Markets Group in C&W’s East Rutherford, New Jersey office. As one of three partners on a 13-member team, Mr. Gabriel is responsible for managing, underwriting and marketing investment properties for sale in the suburban markets surrounding New York City. His clients include pen- sion fund advisors, REITs and a range of domestic and foreign private inves- tors. Mr. Cruz is a Senior Managing Director in the New Jersey office of HFF with over 21 years of experience in commercial real estate. He specializes in investment sales in New Jersey, New York State and Connecticut. Over the course of his career, Mr. Cruz has been involved in over $18.4 billion of office, industrial, retail, multi-housing and land sales. George Molloy, President/Broker of Record, GM Realty Advisors Inc. Speaker: 8:00 AM | Industrial 2.0: The new approach to industrial dev. BIO: Mr. Molloy has been a commercial real estate service provider since 1983. During this period, he has completed several hundred transactions with aggregate values exceeding $1 billion. George has a proven track re- cord of success in the 4th largest industrial real estate market in North America. Combining strong intuitive skills, keen business knowledge, and timely lease & sales data results in value-added transactions for investors and customized real estate solutions for owners/occupiers of corporate real estate. Areas of expertise include: Buyer/Tenant Representation, Ware- house/Distribution/Office Properties, Build to Suit, Industrial Investment Sales, Industrial Property Adaptive Reuse, and NNN Sale Leasebacks. AFFILI- ATIONS & DESIGNATIONS: SIOR, IOREBA, CSCMP, New Jersey Licensed Real Estate Broker. Brian Milberg, Principal, Sitex Group Speaker: 11:00 AM | Industrial Generals “A special gathering of respected industry experts in an open forum” BIO: Brian Milberg, oversees acquisition and development opportunities throughout SG’s Target Markets in addition to working on the firm’s capi- tal market ventures and equity sourcing. He has over 14 years of industrial real estate and private equity investing experience: since 2004, Milberg has acquired and developed over $1 billion of industrial real estate. Prior to SG, Milberg was Senior Vice President of Acquisitions at KTR Capital Partners, an industrial real estate private equity firm. In 2013, Milberg was nominated as a “Real Estate Forums 40 under 40 in Commercial Real Estate.” Brian re- ceived his Bachelors of Business Administration in Marketing and Finance from the McDonough School of Business at Georgetown University.

Brian Hosey, Regional Manager, Marcus & Millichap of NJ Moderator: 8:00 AM | Industrial 2.0: The new approach to industrial dev. BIO: Brian Hosey is Regional Manager for Marcus & Millichap’s New Jersey office. Brian joined the firm in September 2010. He was named “MVP” of theManhattan office and in 2012 received his first sales achievement award. Hosey joined the management team in February 2013 as sales manager of the Manhattan office. In April 2014 he was promoted to regional manager of the New Jersey office. Prior to joining the firm, Brian worked as a talent agent in the music business. He graduated magna cum laude from Syracuse University with dual Bachelor’s degrees in business and communications. Jeff Milanaik, Principal, Bridge Development Speaker : 11:00 AM | Industrial Generals “A special gathering of respected industry experts in an open forum” BIO: Jeff Milanaik previously served as president/partner of Heller Industrial Parks Inc. and holds over 28 years of experience in commercial real estate. Jeff increased Heller’s industrial development activities to grow the portfo- lio by over 10 million s/f to a total of 16 million s/f in 6 states. He currently serves on the national board of directors of NAIOP and is past president and member of the board of trustees of NAIOP-NJ. In addition, he serves on the advisory board of the New Jersey School of Architecture – NJIT, and is a member of SIOR and IOREBA. Meryl Gonchar, Partner/Co-Chair (Redevelopment & Land Use Department), Greenbaum Rowe Smith & Davis Speaker: 8:55 AM | The Power of Collaboration – City/Counties partnering on economic development projects BIO: Meryl A.G. Gonchar is Co-Chair of the Redevelopment and Land Use Department at the New Jersey law firm of Greenbaum, Rowe, Smith and Da- vis LLP. Her practice encompasses all aspects of land use, zoning and related litigation. She represents property owners and developers in appearances before planning and zoning boards throughout the state in connection with obtaining land use approvals and permits for residential, retail, office, in- dustrial and mixed use projects. She also represents clients in land use and related litigation before the Superior Court of New Jersey. Dennis Toft, Co-Chair, Wolff & Samson Moderator: 8:00 AM | Industrial 2.0: The new approach to industrial dev. BIO: Dennis Toft, co-chair of Wolff & Samson’s Environmental Group, is a re- nowned environmental lawyer who applies a keen understanding of science and the complexities of regulatory process when addressing the wide range of issues that his clients face. He provides counsel on all aspects of environ- mental law, including regulatory counseling, environmental due diligence, permitting, enforcement and environmental litigation, development/redevel- opment and environmental insurance. BIO: Eugene Preston is a Partner of Dermody Properties based in Con- shohocken, PA. He is responsible for all land and building acquisitions, build-to-suit projects, development activities, and asset management in the Eastern United States. Previously, Preston was Managing Principal at Wood- mont Industrial Partners, LLC responsible for the company’s acquisitions and operations. Prior to forming Woodmont Industrial Partners he was Se- nior Vice President at Prologis where he directed development and acquisi- tion activities the company’s Northeastern Region. Collectively, Mr. Preston has developed or acquired over 12.5 million square feet of industrial space. Preston is a long time Trustee of the New Jersey Chapter of NAIOP and is a member of NAIOP’s Industrial Development V National Forum. Eugene A. Preston, Partner (East Region), Dermody Properties Speaker: 11:00 AM | Industrial Generals “A special gathering of respected industry experts in an open forum”

Southern New Jersey

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MAREJ A dvertising D irectory 2015 Ind. & Economic Dev. Summit. ....IC-1A Appraisal Institute SNJ Chapter........10-11B Barley Snyder............................................ 18A Bedford Cost Segregation............................ 8A Bussel Realty Corp...................................IC-B CCC Productions. ........................................ 2B Cooper-Horowitz, Inc................................... 9A CREW Lehigh Valley. ............................... 11C Cushman & Wakefield. ............................... 1B Deerwood Real Estate Capital.................. 10A Earth Engineering, Inc.. ............................. 9C Eastern Union. .....................................12-13A Electronic Office Systems.......................... 12B The ELM Group......................................... 10C Fowler. ....................................................... 23A Friedman LLP. .......................................... 14A Gebroe-Hammer Associates........................ 4B Harvey Hanna Associates........................... 6A Heller Industrial Parks............................. 15B Hillcrest Paving & Excavating................. 23A Hinerfeld Commercial..................... 1C & 23A Hollenbach Construction, Inc.. ................IC-C Hutchinson Mechanical Services................ 7B ICREW NJ................................................. 16B Investors Real Estate Agency................... 23A Kaplin|Stewart........................................... 2A Keast & Hood............................................... 2C Landcore Engineering ................................ 7C Lincoln Property Company......................... 4A M&T Realty Capital Corporation............. 11A Marcus & Millichap..................................... 4A Martin Architectural Group........................ 6C Mericle Comm’l Real Estate Services.....BC-C Meridian Capital Group.............................. 8B Michael Cervelli Real Estate................ IBC-A NAI Emory Hill. ........................................ 15A NAI Summit................................................. 7C NorthMarq Capital...................................... 8C P. Cooper Roofing. ...................................BC-B Poskanzer Skott Architects....................... 14B REMCO Realty............................................ 2C Rittenhouse Realty Advisors. ..................... 4C Robert E. Blue. ............................................ 7C SEBCO Laundry Systems .......................... 3A SUBWAY.................................................... 23A Team Resources......................................... 13B The Berger Organization. ..................... IBC-B The Kislak Company, Inc............................ 3B Tranzon Fox................................................. 3C Vandemark & Lynch, Inc.......................... 19A WCRE........................................................... 6B Whitesell...................................................... 9B Whitestone Associates........................... IBC-C Wolff Samson............................................... 3A

Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Section Publisher .................................................................... Steve Kelley Associate Publisher .............................................................Alissa Aronson Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant ....................................................................Julie King Office Manager .................................................................... Joanne Gavaza Contributing Columnists ..........Glenn Ebersole, Hollenbach Construction; Chris O’ Connor, CCC Promotions Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockland, MA 02370 USPS #22-358 | Vol. 27 Issue 1 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

Mid Atlantic Real Estate Journal

2015 Should Be Another Good Year For Commercial Construction! Glenn Ebersole A look back at last year indicates that 2014was a good year for com- mercial construction. The Tri County Area of Berks, Chester and Montgomery Counties, the Greater Reading Area and the Greater Lehigh Valley area in Pennsylvania, showed extreme- ly positive results in commercial construction. Successful com- mercial construction projects were completed or underway in the cities of Bethlehem, Easton and Reading as well as in less- urban regions of Berks, Bucks, Chester, Lehigh and Montgom- ery counties. The projects in- clude senior living, health care, multifamily housing, corporate headquarters, office, hotel, re- tail, distribution centers and warehousing. The success seen in 2014 should continue in 2015 for our region in Pennsylvania. Some significant commercial devel- opment construction projects started in 2014 will continue into 2015. And there are sev- eral very significant commercial projects that have been in the

land development and planning process for the last year or two that will bemoving forward into construction in 2015. The types of projects fall into the senior living, health care, multifamily housing, corporate office as well as mixed-use developments that include office, retail, apart- ments, etc. Mc Graw Hill indicates that private nonresidential construc- tion grew at a positive pace on a national basis. Statistics indicate that total dollars spent showed an increase of almost 10 percent over the previous 12 months. The Dodge Outlook Report predicts an increase in construction starts nationally for commercial building in 2015. A main reason for this is that the economic environment going

forward indicates several posi- tives that will help to increase total construction starts. 1.Financing for construction projects is becoming more avail- able, reflecting some easing of bank-lending standards. 2.The investment community is more focused on real estate development. 3.More construction bond measures are receiving approval. Near-term interest rates should stay low, and this also is helpful. All in all, the prediction for 2015 is positive for commercial construction around the corner and around the country. Glenn Ebersole, profes- sional engineer, is strategic vice president, business de- velopment/marketing atHol- lenbach Construction Inc. n

Firmly Rooted in the Law and in the Community We are well grounded in every facet of real estate law, from acquisition to construction. We are committed to serving the needs of our clients and our communities.

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Real Estate Journal — January 16 - 29, 2015 — 3A

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leasing assignment for a 4,000 s/f office building located at 2 Friends Ave. in Medford. Re- becca Ting, SIOR , vice presi- dent, and Julie Kronfeld , sales associate, are marketing the building on behalf of the owner, Eggz Shell, LLC. Built in 1920, 2 Friends Ave. – nicknamed Culture Hall – underwent a complete renovation and was converted into a one-of-a-kind office space and art studio in 2007. The 4,000 s/f office space also features a reception area, conference room, large bullpen with cubicles, a kitchenette, private offices, and a work- shop/art studio in the rear of the building. “Mixing modern amenities and historic charm, 2 Friends Avenue is truly a unique prop- erty that we are excited to be marketing,” said Ting. Located just off Main St. in downtown Medford, 2 Friends Ave. is less than one mile from Rte. 70, and offers easy access to Rte. 73 and Rte. 206. Local amenities in downtown The building is available for sale or lease. The lease terms are flexible – space can be leased in part or whole, indi- vidual cubicles can be rented, and shared space is available as well. n NEWARK,NJ — C&KProp- erties announced that HNTB has signed a longterm lease for 11,387 s/f at 2 Gateway Center, C&K’s class A office building in the heart of downtown New- ark. HNTB, an international architecture, engineering, and construction management firm, secured a Grow NJ Award to facilitate the move. As part of their Grow NJ credit, HNTB has agreed to bring 35 new jobs toNewJersey with their move to 2 Gateway. “It’s clear that, through the robust incentives provided through the the Grow NJ pro- gram, 2 Gateway Center pro- vided immense value toHNTB,” said Ben Korman , co-founder andprincipal ofC&KProperties. CBRE senior vice president Dudley Ryan represented C&K in the transaction; HNTB was represented by Colliers International . n CBRE b r o k e r s 11,387 s/f lease at C&K office building

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2 Friends Ave.

Today’s complex real estate market is more demanding than ever. The stakes are higher and the risks are greater, but so are the potential rewards. Wolff & Samson’s Real Estate, Development and Land Use Group combines experience, creativity and business acumen to skillfully navigate clients through the multitude of real estate and regulatory issues involved in the acquisition, financing, development, redevelopment, leasing and management of property. Our results-driven, transaction-oriented practice is equipped to take on the full spectrum of real estate legal matters.

Attorneys at Law www.wolffsamson.com

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M id A tlantic R eal E state J ournal 30,000 s/f colonial-style office property in Newark, NJ TheBergerOrganizationadds 58 Park Place to its portfolio

Leading the Real Estate Investment Market Contact us today to access the largest inventory of properties.

Military Park in the heart of downtown Newark, 58 Park Place is 50% occupied by head- quarters operations for the Garden State Ballet and Tem- po Networks, a pan-Caribbean media and entertainment company. Already, Habitat for Humanity, a Military Park Building tenant, is finalizing plans to relocate to the fourth floor of 58 Park. Berger will focus its marketing efforts for the first floor – a former sup- per club – on securing a new restaurant user. “58 Park Place is a natu- ral extension of our Newark portfolio, which is centered on Park Place and Broad St.,” said Miles Berger , chairman and chief executive officer of The Berger Organization. “This neighborhood is our home, and we have watched it transform over the past several years. Projects like Prudential’s new headquar- ters tower and the remaking of Military Park have brought renewed energy to the local business community. Quite simply, this is a great place to be, and we are proud to expand our involvement here.” n Greysteel arranges the sale of Newton St. apartments in Washington, DC WASHINGTON, DC — The Greysteel Company has arranged the sale of Newton Street Apartments, a 17-unit multifamily building located in the Columbia Heights neigh- borhood of Northwest DC. Greysteel’s Mid-Atlantic mul- tifamily investment sales team led by Ari Firoozabadi, W. Kyle Tangney, JohnMullen, Lance Ahmadian, Mike Be- diones, Jake Ying, and Alicia Orkisz served as advisor and agent to Oscar Serafini and Ana Serafini in the successful disposition of Newton Street Apartments to Newton Land Trust. “The property is ideally po- sitioned in Columbia Heights, one of the most dynamic and exciting neighborhoods in the city,” said Greysteel director, W. Kyle Tangney. “The area has seen a surge in residential demand over the past few years from young professionals and families drawn to the close proximity of abundant retail.” Greysteel served as advisor and agent. n

EWARK, NJ — The Berger Organiza- tion added 58 Park

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Real Estate Journal — January 16 - 29, 2015 — 5A

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J Mark Glagola of Transwestern represents the seller CREG sells 241,457 s/f dist. facility for $26.7 million ESSUP, MD — A joint venture between Ches- apeake Real Estate Group, LLC (CREG)

Colliers names Fischer executive VP Colliers Int’l. brokers $16.85m sale of 105,673 s/f

And Atapco Properties, Inc. has sold a 241,457 s/f distribu- tion facility in the Baltimore Washington Industrial Park in Howard County. Princi- pal Real Estate Investors acquired the asset for $26.7 million ($100 psf). The project, located at 8235 Patuxent Range Rd. in Jessup is 80% leased to FELD Entertainment, Inc. Mark Glagola of Transwest- ern represented the seller in this transaction and principal was self-represented. Acquired by CREG from Owens Corning in 2008, the property previously operated as an asphalt roof shingle manufacturing facility until its closure in 2007. CREG leased the property to ULMA Form Works for the first five years of its ownership, and then formed a joint venture partnership with Atapco to own, manage and re-develop the project. This is the second property CREG has transformed from an antiquated and failing asset into an institutional-quality distribution facility. Atapco and CREG demol- ished the original building, with the site concrete crushed on-site and used as base mate- rial in the construction of the ROCKVILLE, MD — HFF announced the sale of 9911 Bel- ward Campus Dr., a 289,912 s/f large scale biologicsmanufactur- ing facility in Rockville, that is 100% leased through May 2026 to Human Genome Sciences, Inc. HFF marketed the property on behalf of the owner, BioMed Realty Trust . The HFF investment sales team representing the seller was led by executive manag- ing director Stephen Conley , senior managing directors Jim Meisel, Dek Potts and An- drew Weir , associate director MattNicholson and senior real

5901 Ammendale Rd.

president for investor services. In his new position, Fischer joins the firm’s property management leadership group and will focus

BELTSVILLE, MD — Boyd Watterson GSA Fund LP has purchased 5901 Ammendale Rd. in Beltsville for $16.85 million. Part of the Ammendale South Technology Center, the class A building was 88% leased to the U.S. government at the time of sale. Colliers International rep- resented the seller, an affiliate of Manekin . The Colliers team consisted of David Dannen- felser, Robert Freedman and Colin Penoyar of the Col- liers Baltimore office, which collaborated with Keith Lavey of Colliers Government Solu- tions in DC, and Bob Cottle of GSAXCHANGE , the invest- ment sales arm of the Colliers Government Solutions platform. The buyer represented itself in the transaction. In a second transaction, Col- liers brokered a long-term lease for JimmyJohn’sGourmet Sand- wiches to occupy a 1,627 s/f unit in Harford Mall in Bel Air. Colliers represented Monmouth Wolfpack LLC. Harford Mall is owned by CBL & Associates Properties . In other news... Colliers International named P. Marc Fischer executive vice WASHINGTON, DC — Mayor Vincent Gray dedicated the new Ballou Senior High School at a ribbon-cutting ceremony on Wednesday, De- cember 17. Joining Gray at this event, which begins at 10 am, are other DC government officials, along with representatives of the project team. The 365,000 s/f complex, located at 3401 4th St. SE in

on expanding its portfolio of properties, streamlining processes, im- proving per- formance and championing career devel- opment for em-

8235 Patuxent Range Rd.

LEED-certified class A cross- dock facility. The project is located less than one mile from MD Rte. 32, two miles from MD Rte. 295 and I-95 and ten miles from BWI Airport. The building design has been ac- cepted by USGBC, and LEED certification is anticipated by March 2015. FELD Entertainment, the company responsible for Ring- ling Bros. and Barnum and Bailey, Disney on Ice and Mon- ster Jam, will consolidate and expand its presence in Howard County at this facility. “The new owner acquired an excellently-maintained, stra- tegically-located and highly-

functional warehouse product that is 80% leased to a credit worthy end-user,” said Matt Laraway , executive vice presi- dent and partner of Chesapeake Real Estate Group. “High qual- ity industrial and warehouse product such as this one is be- coming increasingly sparse in the Baltimore-Washington, DC market and, as a result, there exists strong momentum in de- veloping speculative buildings. Factors such as a strong labor market, proximity to a port location and expanding demo- graphics have positioned this area as extremely attractive and viable for large warehouse requirements.” n

P. Marc Fischer

ployees. Among Fischer’s distinctions, he is a Certified Property Man- ager (CPM), Real Property Ad- ministrator (RPA), Certified Commercial InvestmentMember (CCIM) andLEEDGreenAssoci- ate.He is a fellowwith the Build- ing Owners and Managers Association (BOMA Interna- tional) , where he served on task forces, wrote real estate-related publications and graduated from the organization’s Emerging Leaders in Real Estate program at Harvard Business School. In addition, Fischer is a mem- ber and past president of BOMA Baltimore and the Institute of Real Estate Management (IREM) , among his other profes- sional memberships. n Ward 8, will set a new stan- dard for K-12 education in the District of Columbia. Designed by a joint venture of Perkins+Will and Bowie Gridley Architects on behalf of the District’s Department of General Services, the new school is targeted for LEED Gold certification and will ac- commodate a general student population of 1,400, plus 900 STAY Academy students. n

HFF closes sale of 289,912 s/f BioMed Realty Trust life sciences facility in Rockville, MD

Perkins+Will & Bowie Gridley Archi- tects design 365,000 s/f school in DC

9911 Belward Campus Dr.

estate analyst Dave Baker . “This is a very special purpose facility that provides stable cash

on cash yields from an invest- ment grade tenant formore than 10 years,” Meisel said. n

6A — January 16 - 29, 2015 — M id A tlantic

Real Estate Journal

www.marejournal.com

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F inancial D igest

Real Estate Journal — January 16 - 29, 2015 — 7A

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M id A tlantic

REXEL HILL, PA — Meridian Capi- tal Group, LLC , a Negotiated by Bologno and Gilbert, both based in the company’s Iselin, NJ office Meridian Capital Group arranges $40m in financing for the Drexelbrook Apartments D and interest-only payments for the full term. This transac- tion was negotiated by Merid-

ian Capital Group senior v i ce pres i - d e n t , J im B o l o g n o , and vice pres- ident, Paul G i l b e r t , who are both based in the

national com- mercial real estate finance and adviso- ry firm, ar- ranged a $40 million loan for the refi- nance of a the Drexelbrook

Jim Bologno

Paul Gilbert

company’s Iselin, NJ office. Drexelbrook Apartments totals 90 buildings and more than 1,200 units. The prop- erty is conveniently located in Upper Darby Twp., only eight miles fromPhiladelphia’s Cen- ter City. n

Apartments, a multifamily property located in Drexel Hill, on behalf of William Kay, a general partner of Drexelbrook Associates, LLC. The 10-year loan features a floating-rate of 129 basis points over the one-month LIBOR

Drexelbrook Apartments

CronheimMortgage arranges $30m in financing for 380,383 s/f property

Case Real Estate Capital’s SandyHerrick serves as speaker at MAREJ’s conference

continue to change given the state of the markets. An industry veteran, Herrick has invested in more than $4 billion of commercial proper- ties during the course of his 30+-year career. In early 2013, he co-founded Case, and the firm has steadily expanded to meet the needs of its cli- ents. Today, Case is active as a purchaser of sub- and non-performing debt and as a high-yield situational lender. It provides flexible, depend- able financing solutions for transitional properties located in the New York metropolitan area, as well as throughout the Northeast andMid-Atlantic re- gions and in Florida. Case also offers opportunities for local entrepreneurs, and its investor base is extremely diverse. n late November. The company plans to use the funding for growth capital, and antici- pates adding employees to its NJ workforce within the coming years. “We encourage emerging and established technology companies in NJ to take ad- vantage of the broad array of programs the State offers to support this important in- dustry,” EDA CEO Michele Brown said. n

NEWARK, NJ — Sandy Herrick , managing principal and co-founder of Case Real

The property is one mile from the Rte. 422 interchange, providing immediate access to the area’s major roadways, including: Interstates 76, 276 and 476 and Routes 202, 29, 23 and 363. Unlike many flex buildings in the area, the property has 24’ clear heights that allow for excellent tenant flexibility. Proscia said: “While this was a reasonable LTV/LTC request, the non-credit nature of the tenancies combined with lease rollover during the loan term presented some financing chal- lenges. One of the mitigating factors was significant capital committed by the tenants to their individual spaces. Ulti- mately the bank was comfort- able with the equity investment by the owner and their long- term commitment to this new acquisition.” Founded in 1897, David Cron- heimMortgage Corporation and its affiliate companies located in Chatham, NJ provide an array of real estate services including debt and equity for investment grade real estate. Through their Channel Real Estate Funds af- filiate they have provided mez- zanine and equity capital for numerous real estate projects in an efficient and cost effective manner. n

BURLINGTONCOUNTY, NJ — Andrew Stewart, Dev Morris, and Allison Moravec have secured $30 million in financing for a Walmart Supercenter an- chored property located in Burlington. The loan was structured with a 10 year term and 30 year amortization. The property is part of National Realty & Development Corporation’s 22 million s/f portfolio. The loan was placed with Voya Investment Man- agement, whom Cronheim represents as correspondent and servicing agent. The subject property, known as Liberty Square Center, is a 380,383 s/f shopping center anchored by Marshalls, Acme Supermarket, Toys-R-Us, and a recently expanded Walmart Supercenter. According to Dev Morris, “Walmart’s desire to expand speaks to the strength of this location and the submarket. The fact that they were able to remain open during the entire expansion and renova- tion process is a credit to Na- tional Realty’s expertise as an owner and manager, and the strength of its tenant relation- ships. As a portfolio lender, Voya provided a comfort level to the borrower in terms of

Estate Cap- i t a l , LLC (Case) , re- cently served as a featured speaker at Mid Atlantic Real Estate J o u r n a l ’ s ( MA R E J )

Sandy Herrick

New Jersey Real Estate Capi- tal Markets Conference in Newark. As part of the “Real Estate Equity Investors Re- quirements” panel, Herrick provided insights on a range of topics, including the type of investors active in today’s mar- ketplace and favored invest- ment asset classes as well as how underwriting standards TRENTON, NJ —Continu- ing the Christie Administra- tion’s commitment to growing the state’s vibrant technology industry, the NJ Economic Development Authority (EDA) announced that it has closed on a $1 million loan to support Bergen County-based Ivy Sports Medicine. The EDA approved the loan through the Edison Innova- tion VC Growth Fund in July and closed the transaction in

Liberty Square Center

rate lock and certainty of ex- ecution.” OAKS, PA — Janet Pro- scia and David Turley ar- ranged a five-year fixed rate loan totaling $4.75 million for a 57,600 s/f office/flex/ distribution property in Oaks. The debt was sourced from a regional bank, which funded a 65% LTV loan on a non- recourse basis. The single-story building constructed in 2006 is 100% leased to two tenants and is “best in class” in the market.

Medtech Co. secures $1m loan fromEDA

8A — January 16 - 29, 2015 — M id A tlantic

Real Estate Journal

www.marejournal.com

F inancial D igest Savvy property owners are already working with their CPA and Bedford on Tax Strategies for the New IRS Repair Regulations. They live on the right.

Contact Bedford for a complimentary review of the New Tangible Property Regulations so you can start saving today. Terri S. Johnson, CRE tjohnson@bedfordcss.com (215) 885 -7510 Bruce A. Johnson, CEM bjohnson@bedfordcss.com (215) 885 -7510

Real Estate Journal — January 16 - 29, 2015 — 9A

www.marejournal.com

M id A tlantic

F inancial D igest $315,000,000

180 MAideN LANe New York, NY A 1,200,000 square foot office building.

The undersigned arranged the above financing

D aviD H orowitz r icHarD t. H orowitz

622 Third Avenue New York, NY 10017 (212) 986-8400 Fax: (212) 983-0512 www.cooper-horowitz.com

Real Estate Financing

10A — January 16 - 29, 2015 — M id A tlantic

Real Estate Journal

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F inancial D igest The HFF team, led by Cruz, O’Hearn, Duval, & Scandalios represented the seller HFF closes $48.3 million sale of a 516,769 s/f retail power center in Poughkeepsie, NY

OUGHKEEPSIE, NY —HFF announced that it has closed the $48.3 million sale of The Shoppes at South Hills, a 516,769 s/f grocery-anchored retail power center in south Poughkeepsie. HFF marketed the property on behalf of the seller. DLC Management Corporation purchased the asset free and clear of existing debt. The Shoppes at South Hills sits on approximately 72.6 acres at 1895 SouthRd. (Rte.9), which has an average vehicle count of 40,000 per day. The center is at the intersection P

of South and Vasser Roads in a suburban area of south Poughkeepsie, which sits on the Hudson River and is ap- proximately 80 miles south of Albany and 83 miles north of New York City. The site is the former SouthHills Mall, which was partially demolished and redeveloped between 2007 and 2008 into a power center that is 86% leased to Shop Rite, Christmas Tree Shops, Ashley Furniture Home Store, Hobby Lobby, Burlington Coat Fac- tory, Kmart, Bob’s Discount Furniture, Chuck E. Cheese’s and Weight Watchers.

The Shoppes at South Hills

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz , manag- ing director Kevin O’Hearn , senior real estate analyst Marc Duval and supported by senior managing director Andrew Scandalios . “With this transaction, DLC has acquired one of the leading power centers in the Hudson Valley,” Cruz said. n NorthMarq Capi- tal secures $3.4m refinance of a NH office property

1331 Elm St.

MANCHESTER, NH — Matt Marshall , vice presi- dent of NorthMarq Capital ’s Boston based regional office arranged the $3.4 million refi- nance of a 43,742 s/f downtown office building located at 1331 Elm St., Manchester. The transaction was structured with a 10-year term and 25- year amortization schedule. NorthMarq arranged financ- ing for the borrower through its relationship with a regional bank. “The combination of long- term sponsorship, property condition and excellent loca- tion were major strengths of the transaction,” said Mar- shall. “All parties recognized the value in structuring a long-term refinance and it was a pleasure to work with both the lender and borrower to complete the deal.” n

Real Estate Journal — January 16 - 29, 2015 — 11A

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M id A tlantic

F inancial D igest

EARNY, NJ — First Ni agara ’ s Com- mercial Real Es- The Passaic Ave. site will feature a 88,000 s/f BJ’s Wholesale Club and other retail First Niagara finances $30 million redevelopment project in Kearny, New Jersey K

“We have worked with First Niagara many times over the past years,” said Alan Cas- noff , president of DVL, Inc. “They understand the devel- opment process, as well as the need to customize the transac- tion to meet the requirements of the project.” Ryan Crouthamel , First Niagara’s vice president of Commercial Real Estate who is managing the transaction for the Bank said, “First Ni- agara is committed to pro- viding financing for projects that revitalize neighborhoods throughout the region.” n

tate Group has closed on a $30 million loan with DVL Kearny Holdings, LLC , a wholly-owned subsidiary of DVL, Inc. , for the redevelop- ment of an industrial site in Kearny. The site will be anchored by an 88,000 s/f BJ’s Whole- sale Club with an additional 52,000 s/f of retail space. The site at 132-144 Passaic Ave. and is part of the Passaic Avenue Redevelopment Plan, is expected to be completed in the fourth quarter of 2015. WILLIAMSPORT, PA — Washington Trust’s Com- mercial Real Estate Group recently provided $7.752 mil- lion to Chartwell Laurel Street, LLC to refinance a newly constructed Residence Inn in Williamsport and $8.025 mil- lion to Warwick CHI, LLC to refinance and upgrade Sprin- gHill Suites in Warwick, RI. Both properties are a part of Chartwell Hotels, a full- service hotel development and management company operat- ing properties throughout the Eastern United States. Opened in January 2013, the 97-room Residence Inn is located at 150West Church St. in Williamsport, PA. The 97- unit hotel consists of extended- stay suites catering to the de- mands of an emerging natural gas market in the area. The 107-room SpringHill Suites property is located a quarter- mile from I-95 in Warwick, RI. The property recently under- went complete room renova- tions as well as the addition of a new lobby. Residence Inn and SpringHill Suites are both part of the Marriott Modern Essentials brand. “As brands of Marriott, both Residence Inn and SpringHill Suites are well-established names in the hospitality in- dustry,” said Joseph Mar- cAurele , Washington Trust chairman and chief executive officer. “With the growing gas industry in North Central Pennsylvania and Warwick’s close proximity to Providence and Boston, both properties are poised for growth.” n Washington Trust provides $7.752m for a refinance of a Residence Inn

132-144 Passaic Ave. rendering

WHENEXECUTIONMATTERS, M&TDELIVERS. Acquisition of 196-Unit Garden Apartments Yardley, PA $27,075,000 $10,137,000 $23,025,300 $20,000,000 FHA 221(D)(4) LOAN NewConstruction Financing 160-Unit Garden Apartments Frederick, MD FREDDIEMAC LOAN Acquisition of 120-Unit GardenApartments Dover, DE CONDUIT LOAN Acquisition of 182,583 sf Retail Center Phillipsburg, NJ FANNIEMAE LOAN

Experienced property owners rely on M&T Realty Capital Corporation to close complicated transactions quickly. Our relationship-focused approach allows us to offer solutions that can meet your needs. With over $2 billion in multifamily loans closed in 2013 alone and as a top ten Fannie Mae lender, M&T has the know-how and experience you need to close deals with confidence. Find out how we can deliver for you.

1-800-737-2344 mandtrcc.com

12A — January 16 - 29, 2015 — M id A tlantic

Real Estate Journal

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2015 F

$1,075,000 B rooklyn , ny $1,012,500 B rooklyn , ny $7,595,000 B rooklyn ny $1,650,000 r idgewood . ny $3,225,000 J ersey C ity , nJ $1,350,000 w ashington , dC $1,080,000 B rooklyn , ny $14,332,000 t ampa , Fl $1,087,500 B rooklyn , ny $14,100,000 l evittown , pa $1,450,000 B ronx , ny $1,747,500 B rooklyn , ny $4,200,000 B rooklyn , ny $5,300,000 C inCinnati , oh $1,420,000 B rooklyn , ny $1,357,000 p hiladelphia , pa $3,300,000 t ulsa , ok $14,250,000 B ronx , ny $15,370,000 B rooklyn , ny $1,725,000 B ronx , ny $2,125,000 B rooklyn , ny $2,750,000 n ew y ork , ny $6,862,500 B rooklyn , ny $1,200,000 B rooklyn , ny $1,300,000 o range , nJ $4,500,000 B rooklyn , ny $4,000,000 B rooklyn , ny $1,500,000 r idgewood , ny $1,000,000 B rooklyn , ny $1,000,000 B rooklyn , ny $9,300,000 B rooklyn , ny $1,110,000 w est n ew y ork , nJ $4,211,000 w ytheville , va $6,400,000 u nion C ity , nJ $2,887,500 w est n ew y ork $2,700,000 w est n ew y ork , $2,120,000 B raintree , ma $4,960,000 B raintree , ma $13,500,000 p hiladelphia , pa $9,850,000 n ew y ork , ny $1,815,000 h amilton , nJ

$6,000,000 n ew y ork , ny $3,900,000 s anFord , Fl $5,760,000 h ollis , ny $2,200,000 B altimore , md $1,018,500 B rooklyn , ny $1,300,000 B rooklyn , ny $17,850,000 n ewark , nJ $2,750,000 B ronx , ny $4,800,000 B ronx , ny

$2,250,000 p hiladelphia , pa $2,500,000 v oorhees , nJ $12,888,500 s pringField , il $7,912,500 l auderhill , Fl $1,500,000 B rooklyn , ny $1,125,000 B rooklyn , ny $1,193,085 w ashington , dC $3,200,000 B rooklyn , ny $2,000,000 B rooklyn , ny $2,493,750 t oms r iver , nJ $1,100,000 B ronx , ny $1,800,000 B rooklyn , ny $5,000,000 n ew y ork , ny $4,900,000 B rooklyn , ny $1,200,000 B oothwyn , pa $2,200,000 B altimore , md $2,100,000 B rooklyn , ny $3,300,000

$1,004,500 l akewood , nJ $40,000,000 B altimore , md $1,000,000 B ronx , ny $1,665,000 m iami , Fl $5,300,000 e lmhurst ny $31,000,000 p hiladelphia , pa $19,500,000 l akewood , nJ $2,800,000 p hiladelphia , pa $1,450,000 B rooklyn , ny $3,075,000 y onkers , ny $2,500,000 m iami , Fl $3,975,000 B ronx , ny $4,150,000 J ersey C ity , nJ $2,995,000 n ottingham , md $2,037,000 p hiladelphia , pa $2,820,000 B ordentown , nJ $1,875,000 J ersey C ity , nJ $11,400,000 n orFolk , va $1,200,000 B rooklyn , ny $2,100,000 B rooklyn , ny $1,700,000 s tuart , Fl $1,300,000 B rooklyn , ny $2,300,000 n ew h artFord , ny

$1,700,000 p hiladelphia , pa $12,600,000 F ort m yers , Fl $1,500,000 B rooklyn , ny $1,500,000 B ayonne , nJ $1,700,000 B elleville , nJ $32,000,000 w illimantiC , Ct $2,400,000 B rooklyn , ny $4,500,000 B ronx , ny $2,835,000 p emBerton , nJ $1,500,000 n ew y ork , ny $9,100,000 n ew y ork , ny $10,575,000 n ew y ork , ny $8,858,000 m ontgomery , al $1,652,000 C onCord , pa $2,786,000 m edia , pa $2,450,000 Q ueens , ny $3,990,000 a tlanta , ga $1,015,000 C arrollton , ga $1,792,500 g ainesville , ga $24,173,000 F lushing , ny $1,015,000 C rum l ynne , pa $2,350,000 B ronx , ny $16,500,000 l ouisville , ky $5,450,000 B rooklyn , ny $7,927,500 e gg h arBor , nJ $2,000,000 B rooklyn , ny $1,475,000 B rooklyn , ny $3,750,000 i ronwood , mi $1,025,000 B rooklyn , ny $2,500,000 B rooklyn , ny $16,000,000 h owell , nJ $6,840,000 F ar r oCkaway , ny $1,400,000 B rooklyn , ny $2,700,000 B rooklyn , ny $4,900,000 B rooklyn , ny $3,250,000 B rooklyn , ny $1,600,000 B rooklyn , ny $2,600,000 F ar r oCkaway , ny $1,150,000 B rooklyn , ny

p hiladelphia , pa $1,360,000 B rooklyn , ny $2,000,000 h aCkettstown , nJ $9,825,000 m ount l aurel , nJ $3300,000 l akewoo , d nJ $3,325,000 p hiladelphia , pa $1,650,000 B ronx , ny $9,400,000 B rooklyn , ny $4,300,000 B rooklyn , ny $1,100,000 B rooklyn , ny $1,700,000 B rooklyn , ny $4,600,000 w ashington , dC $1,000,000 B ronx , ny $9,000,000 n ew y ork , ny $3,850,000 B rooklyn , ny $1,400,000 B rooklyn , ny $15,440,000 B ronx , ny $12,800,050 w l ong B ranCh B rooklyn , ny $13,500,000 B rooklyn , ny $5,500,000 F ar r oCkaway , ny $1,300,000 B rooklyn , ny $8,250,000 t ampa , Fl $4,125,000 B ronx , ny $1,025,000 B rooklyn , ny $1,700,000 n ew y ork , ny $1,300,000 n ew y ork , ny $1,000,000 B rooklyn , ny $26,500,000 B rooklyn , ny $2,750,000 B rooklyn , ny $7,800,000 B rooklyn , ny $2,670,000 C apitol h eights , md $7,900,000 C hester , pa $3,750,000 B ronx , ny $3,400,000 B ronx , ny $5,250,000 B ronx , ny $1,330,000

$1,000,000 B rooklyn , ny $3,200,000 k ingwood , nJ $1,050,000 B ronx , ny $1,650,000 B rooklyn , ny $3,788,000 B ronx , ny $2,307,000 B ronx , ny $1,400,000 F armingdale , nJ $21,750,000 d over , de $1,450,000 B rooklyn , ny $41,200,000 Q ueens , ny $47,200,000 B altimore , md $2,000,000 B rooklyn , ny $3,300,000 n ew y ork , ny $2,000,000 p lainField , nJ $1,600,000 h owell , nJ $1,700,000 B rooklyn , ny $2,540,000 J ersey C ity , nJ $1,675,000 h owell , nJ $2,300,000 n ew y ork , ny $1,500,000 B altimore , md $7,395,555 B ronx , ny $14,310,000 C inCinnati , oh $1,450,000 B ayonne , nJ $2,500,000 n ew y ork , ny $1,240,000 B rooklyn , ny $7,000,000 B rooklyn , ny $1,890,000 g reenville , ms $5,500,000 B rooklyn , ny $6,500,000 B rooklyn , ny $5,500,000 B rooklyn , ny $1,960,000 a Berdeen , ms $1,400,000 C larksdal , e ms $1,995,000 s tarkville , ms $2,500,000 B rooklyn , ny $1,400,000 p hiladelphia , pa $13,000,000 p hiladelphia pa $3,000,000 B ronx ny $4,500,000 p hiladelphia , pa $1,100,000 B rooklyn ,ny $10,500,000 B rooklyn , ny $1,599,245 B rooklyn , ny

B ronx ,ny $3,500,000 l ittle n eCk , ny $3,600,000 B ronx , ny $1,000,000 B rooklyn , ny $3,200,000 n ew y ork , ny $1,500,000 B rooklyn , ny $1,555,000 B rooklyn , ny $1,050,000 B ronx , ny $1,750,000 B rooklyn , ny $1,710,000 B rooklyn , ny $1,000,000 B rooklyn , ny $1,627,500 C hester , pa $1,000,000 n ew B ritain , Ct $1,500,000 Q ueens , ny $1,762,000 F ar r oCkaway , ny $4,500,000 B rooklyn , ny $3,125,000

$1,0 p hilade $4,0 B rook $1,2 B rook $1,5 h yatts $4,8 B raint $1,0 J aCkson E

$4,000,000 B rooklyn , ny $1750,000 B rooklyn , ny $2,200,000 B rooklyn , ny $4,125000 J aCksonville , Fl $1,890,000 r idgewood , ny $2,500,000 p hiladelphia , pa $2,310,000 B rooklyn , ny $1,275,000 B rooklyn , ny $3,000,000 m amaroneCk , ny $8,700,000 F ar r oCkaway , ny $10,875,000 B ronx , ny $1,875,000 p ikesville , md $3,000,000 B rooklyn , ny $1,000,000 B ronx , ny $2,900,000 B rooklyn , ny $7,423,000 o rlando , Fl $2,625,000 w est n ew y ork , nJ $1,100,000 B rooklyn , ny $3,000,000 B ronx , ny $1,350,000 B rooklyn , ny $1,500,000 B rooklyn , ny $2,800,000 w ayne , nJ $4,000,000 n ew y ork , ny $1500000 l ong B ranCh nJ $4032000 d allas tx $3,240,000 d allas , tx $2,575,000 w inston s alem , nC $2,233,000 h itChCoCk , tx $1,000,000 B rooklyn , ny $10,250,000 n ew y ork , ny $26,900,000 B rooklyn , ny $1,020,000 w ashington , dC $1,000,000 B rooklyn , ny $6,650,000 s outh B runswiCk , nJ $47,000,000 w illingBoro , nJ $1,975,000 $2,500,000 B edFord , tx $2,100,000 B rooklyn , ny $32,500,000 F ar r oCkaway , ny $12,975,000 B rooklyn , ny $1,080,000 B rooklyn , ny

$1,815,000 h amilton , nJ $3,500,000 J ersey C ity , nJ $5,000,000 e lmhurst , ny $1,450,000 r idgewood , ny

$1,075,000 B rooklyn , ny $1,012,500 B rooklyn , ny $7,595,000 B rooklyn ny $1,650,000 r idgewood . ny $3,225,000 J ersey C ity , nJ $1,350,000 w ashington , dC $1,080,000 B rooklyn , ny $14,332,000 t ampa , Fl $1,087,500 B rooklyn , ny $14,100,000 l evittown , pa $1,450,000 B ronx , ny $1,747,500 B rooklyn , ny $4,200,000 B rooklyn , ny $5,300,000 C inCinnati , oh $1,420,000 B rooklyn , ny $1,357,000 p hiladelphia , pa $3,300,000 t ulsa , ok $14,250,000 B ronx , ny $15,370,000 B rooklyn , ny $1,725,000 B ronx , ny $2,125,000 B rooklyn , ny $2,750,000 n ew y ork , ny $6,862,500 B rooklyn , ny $1,200,000 B rooklyn , ny $1,300,000 o range , nJ $4,500,000 B rooklyn , ny $4,000,000 B rooklyn , ny $1,500,000 r idgewood , ny $1,000,000 B rooklyn , ny $1,000,000 B rooklyn , ny $9,300,000 B rooklyn , ny $1,110,000 w est n ew y ork , nJ $4,211,000 w ytheville , va $6,400,000 u nion C ity , nJ $2,887,500 w est n ew y ork , nJ $2,700,000 w est n ew y ork , nJ $2,120,000 B raintree , ma $4,960,000 B raintree , ma $13,500,000 p hiladelphia , pa $9,850,000 n ew y ork , ny $1,815,000

$1,575,000 m eriden , Ct $2,400,000 B ronx , ny $2,400,000 ANY DEAL

Multi-Family

Health Care

Bridge Loan

Parking Garage

Hotels

$22,5 m eridi $1,0

B rooklyn , ny $18,750,000 B rooklyn , ny $40,237,500 B ronx , ny $5,350,000 r eynoldsBurg , oh $1,020,000 w aterBury , Ct $1,275,000 J ersey C ity , nJ $1,200,000 w est h empstead , ny $4,763,000 B ronx , ny $2,350,000 B altimore , md $1,181,250 B rooklyn , ny $2,212,000 p ulaski , va $3,750,000 B ronx , ny $2,500,000 B rooklyn , ny $4,875,000 B rooklyn , ny $2,740,000 n ew y ork , ny $1,700,000 s pring v alley , ny $8,320,000 p hiladelphia , pa $2,100,469 B altimore , md $7,950,000 a llentown , pa $1,150,000 n ew h aven , Ct $1,950,000 B rooklyn , ny

s pring

$2,5 p hilade $3,7 n ew y $3,7 B ro $16,0 t rent $1,2 p ikesvi $

$3,675,000 J aCkson , nJ $1,850,000 B rooklyn , ny $1,260,000 B rooklyn , ny $1,376,000 F ar r oCkaway , ny $10,000,000 n ew y ork , ny $1,785,000 B rooklyn , ny $1,775,000 B altimore , md $2,700,000 k ew g ardens , ny $2,418,750 B ronx , ny $1,160,000 B rooklyn , ny $1,650,000 B rooklyn , ny $21,000,000 B rooklyn , ny $13,357,000 C utler B ay , Fl $1,750,000 p hiladelphia , pa $6,600,000 n ew y ork , ny $4,000,000 B rooklyn , ny $4,000,000 B rooklyn , ny $2,850,000 B rooklyn , ny $1,180,000 B rooklyn , ny $1,400,000 B rooklyn , ny $2,250,000 n yaCk , ny $9,675,000 h atBoro , pa $2,977,500 l ong i sland C ity , ny $1,860,000 B rooklyn , ny $1,575,000 B rooklyn , ny $15,200,000 B ronx , ny $1,750,000 r idgewood , ny $1,000,000 B ronx , ny $3,283,262 w ashington , dC $1,100,000 B rooklyn , ny $3,000,000 s ilver s pring , md $26,000,000 B rooklyn , ny

$12,975,000

$47,000,000

$2,500,000

ANY SIZE

$7,440,000

$40,237,500

$24,173,000

$5,5 l ava $2,0 B rook

Wytheville, VA

$6,3 p ass $3,0 B rist $1,8 B rook $1,5 n ew y $3,3 m ount $1,2 B roo $2,0 B altim $1,6 B rook $4,8 m usk $3,7 B rook $1,6 s taten i $2,5 r oCkawa $3,6 F ar r oC $30 p rinCe $23 B rook $1,1 n ew y $8,0 p hilade $4,3 B ro $13,9 J ersey $4,5 F lushi $9,8 B altim $12,0 J amai $95 n e , w y $1,9 J amai $3,0 B rook W

ANYWHERE

Brooklyn , NY

n ew y ork , ny $18,000,000 B altimore , md $1,000,000 p emBerton t ownship , nJ $7,600,000 i ndianapolis , in $4,200,000 h owell , nJ $6,500,000 l akewood , nJ $3,100,000 l akewood , nJ $1,200,000 B rooklyn , ny $1,200,000 B ronx , ny $2,887,500 B rooklyn , ny $8,120,000 J aCkson h eights , ny $1,500,000 B rooklyn , ny $1,500,000 B rooklyn , ny $6,000,000 n ew y ork , ny $4,412,000 F ort s mith , ar $2,995,000 l ittle r oCk , ar $2,232,000 s pringdale , ar $3,936,000 n orth l ittle r oCk , ar $3,752,000 e l d orado , ar $3,525000 B rooklyn , ny $4560,000 B rooklyn , ny $2,900,000 B rooklyn , ny $1,600,000 B rooklyn , ny $6,000,000 B ronx , ny $1,968,750 B ronx , ny

New York, NY Miami, FL

Tulsa, OK

Baltimore, MD

Orlando, FL

B rooklyn , ny $13,600,000 B rooklyn , ny $2,500,000 w est h aven , Ct $1,400,000 w est h aven , Ct $3,375,000 B ronx , ny $1,400,000 l akewood , nJ $1,125,000 B rooklyn , ny $6,880,000 B ronx , ny $2,720,000 B ronx , ny $8,720,000 B ronx , ny $21,500,000 h illCrest h eights , md $1,950,000 l akewood , nJ $3,120,000 l akewood , nJ $1,450,000 r oCkaway , nJ $1,100,000 B rooklyn , ny $1,312,500 p hiladelphia , pa $12,450,000

“Call me at 10:30 tonight”

ANY TIME

We’ll overnight it

Over the wee

“Should we meet over dinner?”

“Call me on my cell”

$1,000,000 e lizaBeth , nJ $1,950,000 B rooklyn , ny $6,000,000 B ronx , ny $1,927,349 B rooklyn , ny $3,000,000 B rooklyn , ny $1,500,000 B rooklyn , ny $2,350,000 w est n ew y ork $1,950,000 B ronx , ny $1,300,000

THERE’S A REASON EASTERN U

$1,425,000 d ayton , oh $5,250,000 B ronx , ny $1,230,000 d enver , Co $1,400,000 B rooklyn , ny $11,627,642 C olumBus , oh $1,200,000 B rooklyn , ny $1,000,000 B ronx , ny $3,900,000 B rooklyn , ny $4,500,000 B rooklyn , ny $2,287,500 B rooklyn , ny $1,300,000 B rooklyn , ny $1,900,000 B rooklyn , ny $1,332,500 B rooklyn , ny $2,512,500

B rooklyn , ny $25,000,000 B rooklyn , ny $1,500,000 n ew y ork , ny $2,325,000 n ew y ork , ny $3,990,000 l ighthouse p oint , Fl $1,5000,000 B rooklyn , ny $1,250,000 B rooklyn , ny $5,000,000 w illiamsport , md $1,211,000 w ashington , dC $1,900,000 n ew y ork , ny

New York Office 3839 Flatlands Ave Suite 211 Brooklyn, NY 11234 718-567-84

New Jersey Office 481 Oak Glen Road Howell, NJ 07731 732-301-3900

Eastern Union Funding 866.862.4800 www.easternuf.com

n ewark , nJ $2,966,000 k ansas C ity , ks $1,500,000 B ronx , ny $1,275,000 B rooklyn , ny $2,850,000 C hestertown , md $7,785,000 n aples , Fl $7,500,000 n ew y ork , ny $3,600,000 w oodBury , nJ

$17,250,000 n ew y ork , ny $3,760,000 J ersey C ity , nJ $1,450,000 B rooklyn , ny $3,000,000 B rooklyn , ny $7,500,000 B altimore , md

$1,170,000 t renton , nJ $4,237,500 B ronx , ny

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