22A — January 16 - 29, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
55 Lane Road, a 109,000 s/f first class office building Lincoln Prop. Co. receives Fairfield leasing/management assignment F
As principals of the Dallas/Fort Worth office Lee & Associates promotes Tanghongs and Bassinger las area.
DALLAS, TX — The Dal- las/Fort Worth office of Lee & Associates , one of the na- tion’s largest broker-owned commercial real estate firm in the nation, has announced the promotion of George Tang- hongs and Reid Bassinger to principal. Tanghongs, who specializes in the selection and negotia- tion of sale and lease trans- actions of office, industrial, retail, investments and land in the Northeast Dallas, Richard- son, and Plano area, has been with Lee & Associates since 2009 and has been involved in the marketing of over 12.5 million s/f, comprised of over 275 projects. Prior to Lee & Associates, Tanghongs was with a Dallas based commercial real estate company, where he was named top producer throughout his career and had successfully closed over 950 transactions for more than $400 million in transaction value in the Dal- PISCATAWAY, NJ — NAI DiLeo-Bram announced that Marc Shein has joined the firm as senior vice president. The hire represents the addition of another industry veteran as the firm continues to grow. Shein comes to NAI DiLeo Bram with a distinguished ca- reer in central New Jersey com- medical facilities in the future; HealthSouth is constructing a Rehabilitation Hospital at the Willow Grove Mill develop- ment; other examples include the current construction of a 227,000 s/f combination inde- pendent and assisted living facility in Pike Creek and a rehabilitation nursing facility in Middletown. • Industrial: Growth in- cluded the opening of Grayling Industries in Seaford, the expansion of GE Aviation in Newark, and several industrial sales at the Airport Business Center in New Castle and Pencader Corporate Center and Harmony Industrial Park, both in Newark. In addition, Amazon recently opened its 1.2 million s/f distribution facility, reflecting Dr. Linneman’s com- ments on e-commerce driving consumer spending and the national trend toward new in- dustrial ‘big box’ construction as a result. With rental rates continued from page 15A
Bassinger, who has been with Lee & Associates DFW since 2009, is an expert in lo- gistics transactions on a local and national basis. His market specialization includes indus- trial markets of the Southern Region of the United States with his core focus being the Dallas/Fort Worth market. While at Lee & Associates DFW he has represented lo- cal and national clients in securing over 24 million s/f of industrial space. “We are pleased to have these two fine brokers part of our Dallas/Fort Worth team and it was with great pleasure to promote them to principal,” said Ken Wesson, one of the founding and managing prin- cipals of the Dallas/Fort Worth Lee & Associates office. “Our service lines and geographic footprint are expanding and the need for highly skilled agents to service our growing client base is critical.” n
AIRFIELD, NJ — Lincoln Property Company has been awarded the management and leasing assignment on behalf of American General Life Insurance Company for 55 Lane Rd., a 109,000 s/f four story first class office building located off I-80 at exit 52 in Fairfield. Several new improvements and upgrades have been com- pleted, including the instal- lation of a brand new state of the art energy efficient Carrier HVAC system for the entire building, a total renovation of the fitness center that now offers new fitness equipment and two flat screen TV’s, and a complete renovation of the main lobby and common areas. Because of the commitment by the new ownership in mak- ing these improvements, we have experienced a significant increase in leasing activity by
55 Lane Rd.
signing six new leases and extending and expanding the leases of two of the existing tenants that in total repre- sents approximately 50,000 s/f of new leasing activity. Lincoln Property Company’s VPs Rick Genthe and Bob Lee served as in-house leas- ing agents on behalf of the landlord. The new leases recently mistic that 2015 will continue to see improvement in the land development industry. It is notable that many consulting firms are increasing staffing levels, but during those dif- ficult years, they learned how to complete projects more efficiently than ever before. Employees are being trained to develop more diverse skill sets, and are expected to pitch in to help work withinmultiple disciplines and specialties. These adjustments will benefit Since 1998, JWI has chosen ten women honorees annu- ally based on their significant impact on the worlds of busi- ness, media, politics, culture, community service, family and spirituality. Among 2014 honorees are former Arizona Congresswoman Gabrielle Gif- fords; Caryl Stern, president and CEO of the U.S. Fund for UNICEF; and Julie Chaiken, the founder of the Chaiken clothing line and a business tool used in sales manage- ment. “The present-day work en- vironment for women in the construction and real estate industries differs greatly from Globally and a Steering Com- mittee member of the National Task Force to End Sexual and Domestic Violence Against Women.
completed at 55 Lane Rd. include: • Cullari, Carrico, Soojian Burke leased 9,607 s/f. • Congress of Oral Implan- tologists leased 2,861 s/f. • Opinion Leader Group leased 1,607 s/f. • Vertican Technologies, Inc. leased 12,030 s/f on the second floor in a long term lease. n the time I entered the field in the early 1980s,” said Roberta Levy Liss. “With no true fe- male role model to speak of, I needed to fully concentrate on performing my job, ignore the stares and comments and be careful to not ask too many questions and appear ill-informed. Having overcome these struggles, it is gratifying and satisfying to now help young women develop and execute a plan to advance in their career.” In addition to BECO Man- agement, Liss has worked for B.F. Saul Company; Barnes Morris; The Charles E. Smith Company; Trammell Crow Company and CBRE. She earned an architectural en- gineering degree from Penn State University and currently resides in Potomac, MD. n the economy as projects are completed more quickly and efficiently than ever before. More than ever, the most important criteria in selecting a consulting engineering firm are qualifications and experi- ence. Selecting a firm that has experience with the regulatory process for the specific type of project will save the client time and money every time. Steve L. Johns is VanDe- mark & Lynch’s vice presi- dent of engineering, n
Roberta Levy Liss of BECO Management named among ten national “Women to Watch”
Shein joins NAI DiLeo-Bram & Co. mercial real estate brokerage. 2015 will be Marc’s 35th year in commercial real estate. His career began with Jacobson, Goldfarb & Tanzan (JGT) in 1980. Marc became a princi- pal with JGT in 1997 and was most recently with Newmark Grubb Knight Frank from 2001 until 2014. n Signs of economic recovery on the horizon: Local real estate market . . .
ROCKVILLE, MD — Ro- berta Levy Liss , executive vice president, leasing and
m a n a g e - m e n t f o r BECO Man- a g eme n t , I n c . , h a s been named among t en n a t i o n a l “Women to Watch” by
Roberta Levy Liss
still low, coupled with a lack of new construction, Delaware may also see industrial space availability start to tighten soon, Kilian said. • Sussex County: This area in particular is seeing rap- id economic and real estate growth in most segments, and no slowing is predicted because of the aging Baby Boom gen- eration, many of whommove to the beach areas for retirement. In the retail market, The Rte. 1 corridor through Lewes and Rehoboth Beach remains in strong demand from national and regional retailers like Chick-Fil-A, Starbucks and Chipotle just to name a few. The east-west arterials on Rte. 9, Rte. 24 and Rte. 26 are also growing as the population fur- ther west continues to expand. NAI Emory Hill is a full- service commercial real estate firm with offices in New Castle and Lewes, Delaware. 302-322-9500. www.emoryhill.com. n
individual studies for every project. Some Traffic Impact Studies will also be partially replaced with impact fees to fund the larger area studies and required road improve- ments. To be sure, 2014 was a bet- ter year than 2013; but there is still a lot of room for growth. While nobody will forget the difficult times experienced in the recent past, most consult- ing engineering firms are opti- Jewish Women International (JWI). Liss has functioned in a variety of construction and commercial real estate man- agement positions during the course of her more than thirty- year career. Jewish Women Internation- al, headquartered inWashing- ton, DC, is a principal leader of the Coalition to End Violence Against Women and Girls
continued from page 19A Land Development in 2015. . .
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