2C — March 29 - April 11, 2019 — The Best of 2018 — M id A tlantic

Real Estate Journal



Kislak Commercial Real Estate Services, Inc. 425 Raritan Center Parkway Edison, NJ

Precision Realty Group F&M Building West Chester, PA

Cushman & Wakefield-NJ 400 Interplace Parkway Parsippany, NJ

Size: 345,488 SF Brokers: Daniel Johnsen

In New Jersey’s largest office lease of 2018, Teva Phar- maceuticals USA leased 345,000 s/f at P3 Properties’ MC- CBLUE. Cushman &Wakefield and JLL brokered the long-

term deal, involving the relocation of Teva’s U.S. headquarters from Pennsyl- vania to Parsippany, supporting 1,000 jobs. Teva Pharmaceuticals USA is the North American arm of Teva Pharma- ceuticals Industries Ltd., the world’s top generic drug company. “The presence of global life sciences companies like Teva Pharmaceuticals is critical to New Jer- sey’s ability to strengthen a thriving in-

Size: 11,000 SF Brokers: Shaun Lyons & Tomny Ciccarone, Jr. PRG was hired by the the ownership to re-lease the recenlty renovated F&M Building in The Borough of West Chester, PA. The space consisted of a large former bank space as well as multiple floor plates of office space. PRG leased the retail level and two floors of Office to ALIGN5, who opened ALIGN SPACE, a colaborative co-working space, the first of its kind in the market. The lease was for seven years.

Dorothy LaGreca

Size: 59,261 SF Broker: Dorothy LaGreca

The property is located in the Raritan Center Business Park in Edison, NJ part of Middlesex County. The building is lo- cated right off I-287 and easily accessible to US Highway 1 and I-95. The space includes executive offices, laboratories, biotech processing, product storage, clean rooms, distribu- tion staging and raw material receiving areas.

Daniel Johnsen

novation ecosystem,” said Governor Murphy in announcing Teva’s commitment, which was supported by a 10-year, $40 million tax credit package.


Colliers International-PA ChenMed Senior Medical Ctrs. Philadelphia, PA

NAI Emory Hill Talley Building Wilmington, DE

ALT Realty 111 PA Route 715 Brodheadsville, PA

Size: 17,875 SF Brokers: David R. Morrison, CCIM

Size: 15,000 SF Brokers: Andrew Randolph, ALT Realty, LLC (Seller Rep) and Matt Bear, Bear Real Estate Advisors (Buyer Rep) Off market, transaction that closed on July 24, 2018, the sale price was in excess of $460 psf. At the time of sale, the newly constructed ground up project was occupied by a single tenant and backed by a 15-year lease term.

Todd Sussman Joe Fetterman Carl Neilson

NAI Emory Hill’s David R. Morrison, CCIM, represented Delaware Ophthalmology Consultants LLC, in the lease of +/- 17,875 s/f of office space at the Talley Building in Concord Plaza to accommodate a relocation from its former space in the same center.

Size: 46,441 SF Brokers: Todd Sussman, Joe Fetterman and Carl Neilson

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