R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
Project of the Month ISSUE HIGHLIGHTS Volume 25 Issue 10 May 31 - June 13, 2013
Total of 146 units comprise the nine-property package in New Jersey Feinstein, Raiss, Kelin & Booker provides legal council on $9.92 million refinancing
W
Bank . “The owner purchased these properties as a package in 2009 and recognized that, with interest rates hovering near record lows, the timing is right to refinance the entire package,” said Raiss, who specializes in commercial real estate transactions as well as related corporate and commer- cial activities. “As with any real estate transaction, the owner wisely sought the counsel of an experienced commercial real estate attorney.” A total of 146 units comprise the nine-property package, which includes six buildings in West New York, two in Union City and one in North Bergen.
EST ORANGE, NJ — Feinstein, Raiss, Kelin &
This is the third large Hudson County transaction recently closed by FRKB. The previous transactions involved refinanc- ing 11 separate multi-family loans, as well as handling the $37.6 million acquisition of a 13-property portfolio through- out West NewYork, Union City and North Bergen. Since joining FRKB as a founding partner at the firm’s inception in 1991, Raiss has represented leading real estate operators and man- agement firms throughout Northern New Jersey. The Seton Hall University School of Law graduate was a Law Review Member prior to his law school graduation and is a
the club’s entrance doors will be a metal deck that adjoins the second floor lounge space. The third entrance to the facility, which opens to the retail store and gaming room, will also be enhanced. High Construction is serv- ing as general contractor for the project, which was designed by Chambers & Associates, Manheim, PA. High Construction Com- pany provides design-build, general contracting, con- struction management, and energy consulting services throughout the mid-Atlantic region of the United States. High Construction special- izes in the commercial, indus- trial, education, hospitality, retail, health care, and multi- family residential markets. The family-owned business is headquartered in Lancaster, PA, with offices in Williams- port, PA, and Elmira, N.Y., and employs over 60 profes- sionals. High Construction is an affiliate of High Real Estate Group LLC, which also includes Greenfield Ar- chitects Ltd., HighAssociates Ltd., High Investors Ltd., and High Hotels Ltd. ■ FRKB was co-founded by Raiss and Richard Kelin, Esq., both of whom are managing partners, along with Norman Feinstein. The firm’s diverse clientele includes individuals, owners, property managers, builders and developers. In ad- dition to its distinguished repu- tation for handling commercial real estate transactions, the firm’s Litigation Department focuses on commercial litiga- tion matters and landlord ten- ant law. ■ two-time appointee to the New Jersey Super Lawyers in Real Estate. He also is active in the New Jersey Apartment Asso- ciation as well as the Property Owners Association.
B o o k e r , L L C , t h e West Orange based general practice law firm with a concentration in real estate, has handled the refinanc-
Cigars International Hamburg, PA Super-Store
30-31A
Larry Raiss
ing of a nine-property multi- family portfolio in Hudson County. Larry Raiss, Esq. , a managing partner, provided legal counsel on behalf of the property owner, a long-time cli- ent, who secured $9.92 million in refinancing from Signature
Construction Law Spotlight
High Construction Company awarded Trop Elite Equipment contract totaling $2.5million
22-26A
LANCASTER, PA — High Construction Company was awarded a $2.5 million contract by Trop Properties LP to transform an existing vacant building located at 910 North Hanover Street, El i zabe t h t own , Moun t Joy Township, PA, into a new facility for Trop Elite Equipment. Demolition of the existing interior space will begin in May. Reconstruction will be completed inmultiple phases, with Trop Elite Equipment’s new retail store opening in
Industrial RE & Distribution Centers Spotlight
Section B
910 North Hanover Street, Elizabethtown
August, and the remaining construction wrapping up by the end of the year. The new 35,000 s/f facil- ity will replace Trop Elite Equipment’s current facility, also located in Elizabeth- town. The new facility will in- clude many high-end en- hancements and amenities, as well as a membership club. Most significantly, the facility will include a pre- mier and environmentally friendly indoor firing range, featuring 12 shooting lanes and the most modern range
equipment available to any shooter in the region. The facility will also include a gunsmith area; a retail store with a gaming room; a kitchen, espresso bar, and lounge with a fireplace; a gym and fitness area; and administrative offices. The existing metal build- ing will receive two additions featuring EIFS and masonry block veneer. One addition will highlight the gunsmith shop and entrance; the other addition will highlight the club’s main entrance and re- ception area. Extending over
Directory
Green Buildings .............................. 7-10A Owners, Developers & Managers.. 11-26A Shopping Centers ..................... 27-36A Industrial/Distribution Centers ...Section B
Upcoming Spotlight June 14, 2013 CREATIVE FINANCING
www.marejournal.com
Inside Cover A — May 31 - June 13, 2013 — Mid Atlantic Real Estate Journal
www.marejournal.com
&5($7 ,9, 7< ō 48$/ , 7< ō (;3(57 , 6(
Pennsylvania Ohio Maryland New York New Jersey Connecticut Massachusetts
www.blcompanies.com
An Employee-Owned Company
Mid Atlantic Real Estate Journal — May 31 - June 13, 2013 — A
www.marejournal.com
While other banks are pulling back, our customers are pulling ahead. Why?
D iscover open minds as well as open hands. We understand a local businesses’ financial needs. I t calls for support, not reserve. That’ s why, for all your business deposit and lending needs, Regal Bank offers a wide array of commercial products and services. We’ re locally owned and operated, so we better understand the challenges and opportunities your business faces every day. • C ommercial R eal Estate and Multi -F amily L oans • C ommercial L oans • Business L ines of Credit • F R E E B usiness C heck ing • R emote Deposit Capture • Merchant Ser vices • Fast Approvals F or more information contact Monte or Sean at 973-716-0600
570 W. M t. Pleasant Avenue L ivingston, N J 07039 973-577-7160
504 S. L ivingston Avenue L ivingston, N J 07039 973-577-7161
30 Columbia Turnpike Florham Park, NJ 07932 973-210-4115
180 E agle R ock Avenue R oseland, N J 07068 973-228-3951
www. regalbanknj. com
Equal Housing Lender. Equal Opportunity Lender.
Member FDIC
A — May 31 - June 13, 2013 — Mid Atlantic Real Estate Journal MAREJ A dvertisers D irectory
www.marejournal.com
Mid Atlantic R eal E state J ournal Publisher ............................................................................Linda Christman Publisher ...............................................................................Joe Christman Section Publisher ................................................................Elaine Fanning Section Publisher ....................................................................Steve Kelley Senior Editor/Graphic Artist ................................................ Karen Vachon Office Manager ....................................................................Joanne Gavaza Contributing Columnists ....................................................H. Gary Gabriel Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 10 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
To advertise, call 1-800-584-1062 Aldo Design Group..............................................12A Archer & Greiner, PC. ........................................22A Bennett Williams................................................29A Bl Companies.....................................................IC-A Boyle Construction Mgmt...................................20A Brasler Properties.................................................1B Business Card Directory................................36-37A CAMPBELL. .......................................................39A Capitol Aerials.......................................................8A Capstone RE Group............................................31A Coastal Commercial Group............................ IBC-A Cushman & Wakefield, NJ.................................. 2B Cushman & Wakefield, PA. ................................13B Earth Engineering Inc............................... 13, 28AA Eastburn & Gray. ...............................................24A Entech Digital Controls........................................9A Fortna Auctioneers & Marketing Group. ............6A Fowler..................................................................18A Garden State Sealing............................................3B Genova Burns Giantomasi Webster...................25A Gilbeaux Associates..............................................8A Griffin Land.........................................................15B Haftek CWS. .........................................................8A Harvey Hanna & Assoc., Inc. .......................... BC-B Heller Industrial Parks......................................14B Hutchinson............................................................9A Investors Real Estate . .......................................19B IREM...................................................................17A Jewel Electric Supply. ........................................20A Jottan Roofing Contractors & Consultants.... BC-A Kaplin | Stewart.................................................23A Katz Properties...................................................29A Larken Associates.................................................6B Law Offices Ehrilch, Petriello, Gudin & Plaza....15A Lobar Associates. ................................................31A M. Miller & Son...................................................14A Max Spann..........................................................17B Max Spann............................................................6A Warner RE Auctions. .........................................6,9A NAI Dileo-Bram..................................................10B NAI Keystone........................................................7B NAI KIPC..............................................................9B NAI Summit..........................................................8B Network Commercial Realty LLC ....................16B Newmark Knight Grubb Frank, PA........... 4B & 5B Newmark Knight Grubb Frank, WPA...............11B NorthMarq. ...........................................................3A P. Cooper Roofing................................................21A Poskanzer Skott Architects................................13A RD Management............................................32-33A Regal Bank............................................................1A Retail Brokerage Directory. ...............................35A RT Environmental Services, Inc........................12B Security Resources................................................3A Source Companies........................................... IFC-B Subway................................................................34A TRG......................................................................34A United Country.....................................................5A Vandemark & Lynch...........................................19A Veraxia.................................................................31A Whitesell..............................................................12A Wolfe Commercial R.E........................................18B
By H. Gary Gabriel Changing Face of
Retail Likely to Spur Real Estate Revolution
W
hen it comes to retail real estate invest- ment, there current-
ly exists a massive spread be- tween what the capital markets community wants (i.e. grocery- anchored properties) and the category of “everything else.” That said, investors in the near term are going to have to begin looking at product differently, based on how people will shop in an increasingly ecommerce world. In the late 1990s, at the beginning of the Internet age, everyone decided that retail as we know it would cease to exist. Webvan would eliminate the need for grocery stores altogether. We all know how that story ended. Retail real estate clearly has not become a “dinosaur,” but ecommerce does continue to chip into traditional brick-and-mortar sales. According to Forrester Re- search, Inc., ecommerce sales in the United States will reach $262 billion this year, up 13 percent from 2012 and account- ing for 8 percent of total retail sales. The Forrester report fur- ther predicts that ecommerce will grow at a compound an- nual rate of 9 percent through 2017. To compensate, retail formats are on the cusp of dramatic change, in terms of what a prototypical store will look like from a size perspective and how goods will be delivered to consumers. How will e-tailing, traditional retail and consumer shopping patterns intersect moving forward? The answer remains to be seen, but it likely will create an interesting shift in demand for what today are considered to be second-tier
assets. For example, the Internet has measurably impacted sales of hard goods at supermarket grocery stores, which is chal- lenging this favorite category. Chains like A&P, ShopRite and Safeway, to name a few, are in- corporating more perishables, organics and other items that cannot be ordered online. High- end and specialty concepts, like Whole Foods, Trader Joe’s and green grocers, are expanding rapidly but in smaller foot- prints than their traditional competitors. Further, it used to be that shopping centers with lots of restaurant tenants or gyms were considered “troubled.” However, these categories and other types of non-traditional tenants (doctor and dentist offices, veterinarians, etc.) are becoming favored because they will continue to draw pedes- trian traffic despite the growing popularity of online shopping. Lifestyle changes may also begin to impact the way con- sumers shop. More and more, people are sitting behind their computers to work. Social me- dia is becoming a primary form of human interaction. However, the fact remains that relation- ships are formed by interper-
sonal meetings. As society be- gins to crave more face-to-face interaction, we may well see a transformation of retail into a quasi center of community. What kinds of tenants – and settings – will create that town center kind of environment? The bottom line is that the retail real estate is headed for a revolution. What has worked in the past will not remain the be- all and end-all. Of course, the retail real estate landscape is not going to change overnight. Investors today remain cau- tious in terms of where they will place their dollars. Conventional institutions, especially, remain firmly “in- side the box,” chasing best-in- class, grocery-anchored assets. However, private capital, op- portunity funds and the like can – and should – be looking at other spaces, which are priced more advantageously for the buyer. In short, getting away from the beloved and consider- ing the unloved may well reveal opportunities that will work just as well or better as retail’s next generation unfolds. H. Gary Gabriel is vice chairmanof theMetropolitan Area Capital Markets Group of Cushman & Wakefield, in East Rutherford, NJ. n
Share with Social Media SiteS • StreaMing Video • direct traffic to Your webSite
Mid Atlantic Real Estate Journal — May 31 - June 13, 2013 — A
www.marejournal.com
M id A tlantic R eal E state J ournal D Commercial/residential resort include Hyatt Place hotel DBE prepares for Lighthouse Cove Dewey Beach opening ewey Beach, De — With Phase 1 con- struction underway
on one of the largest projects across the First State, Dewey Beach Enterprises (DBE) is preparing for the grand open- ing of The Lighthouse Cove Dewey Beach Resort project this summer. The Phase 1 “mixed use” commercial and residential resort structure includes the first-ever Hyatt Place Hotel in Delaware and 16 penthouse ocean view luxury condominiums, known as the Residences at Light- house Cove, located above the hotel. Delivery of both the Hyatt Place Hotel and luxury penthouse condominiums is expected this summer. Among the many items of breaking news: • The fourth and final level of the mixed-use structure, which features the 16 luxury penthouse condominiums, known as the Residences at Lighthouse Cove, was recently “topped off” and framing for the 16 condominium units has begun. • All three levels of the Hyatt Place Hotel rooms have been framed, and 50+ work- ers are currently completing HVAC, plumbing and electrical “rough-in” work within those hotel rooms. Upon completion and full project build-out, the Lighthouse Cove resort will ultimately create 600 perma- nent and seasonal jobs. • Hyatt Place Dewey Beach will create 30 full-time posi- tions related to the hotel operations beginning this summer. DBE recently hosted a pri- vate hardhat tour of the con- struction site with community leaders, local business owners and area residents. Sen. Ernie Lopez, R-Lewes, praised the project following the recent tour. “As a legislator, some- one who believes in economic growth and economic develop- ment especially during these tough times, being there in support of a project like this is something that is extremely important to me,” said Lo- pez. Speaker of the House Rep. Pete Schwartzkopf, D- Re- hoboth Beach, also attended the private hardhat tour and said, “It’s the biggest building project I know of anywhere around here in the middle of a recession. It’s going to bring people down here and going to
Hyatt Place Hotel
bring business down here.” Upon completion, the Light- house Cove Resort project will have a positive economic effect on the entire region, including seasonal and year-
round employment, increased property values, and expanded family entertainment choices for Dewey Beach and neighbor- ing communities throughout Sussex County. n
We’ve adopted our parent company’s name! Honor Guard Security is now... Security Resources, Inc. Same company, same people, same phone number and great services. Our commitment to our clients remains the same.
• Top-Ranked Training and Development • World Class Supervision with Roving Field Supervisors, 24 hours a day... 7 days a week • Dedicated Client Support Teams with 24 hour Live Dispatchers • Customized Solutions for Security Guards, Door Watchman, and Front Desk access Y our T rusTed P arTner for C omPrehensive s eCuriTY s oluTions Security Resources recognizes that each Property is unique. We customize solutions to meet your security needs from the uniform, to guard selection, to site specific procedures.
Permanent, Temporary and Emergency Security Solutions!
Local Offices in New York City New Jersey Philadelphia
Security Resources, Inc. (215) 829-9191 • www.securityresources.net
AG 021813B&W
A — May 31 - June 13, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions
OUNT LAUREL, NJ — Wa r n e r Real Estate and South Jersey multi-property Warner Real Estate and Auction Co. to host auction M
Includes residential site option Sheldon Good & Co. offers golf club for sale
A u c t i o n Company, Inc. , a real estate com- p a n y a n d auction mar- keting firm in New Jer- sey, will host
Rich Warner
the South Jersey multi-prop- erty spring auction Event on June 7 at 1 p.m. The auction will take place in Conference Room D at the Wyndham-Mount Lau- rel, 1111 Route 73 North in Mount Laurel. The auction will feature six properties lo- cated throughout New Jersey. The auction is open to buyers, investors, and realtors. According to RichWarner , president and founder of War- ner Real Estate and Auction Company, the auction allows bidders to compete fairly and on the same terms as all other buyers. The successful high bidder of each property is guaranteed a clear title and will be required to put 10 percent down, settle within 30 days and to sign a contract immediately upon the conclu- sion of the auction. The properties include: • One: Bank ordered, C-1 Commercial District Zon- ing at 2-8 N. Main Street in Woodstown • Two: Bank ordered, TC District Zoning, 1Clubhouse Road in Pemberton • Three: Bank ordered, C- 1 Zoning, vacant lot (block 62, lot 3.01), U.S. Route 9 in Ocean Township • Four: Seller ordered, R-2 Zoning, 428 S. Church Street in Moorestown • Five: Seller ordered, C- Commercial Zoning, 23 S. Hook Road in Pennsville • Six: Seller ordered, Busi- ness Zoning, 116 Fairview Avenue in Voorhees A preview of properties one and two is available on May 22 and 29 from 12-2 p.m., four and six on May 19 from 1-3 p.m. and any time for three and five. “There are benefits for bid- ders, realtors and sellers,” says Warner. “Bidders benefit in a multi-property auction because the buyer sees many offerings in the same place at the same time; realtors ben- efit from commission earned by registering or brining their
Ironbridge Golf Club
Glenwood Springs, CO — Sheldon Good & Com- pany will conduct the sale of the Ironbridge Golf Club - an 18-hole, alpine course designed by Arthur Hills and ranked by Golf Digest as one of Colorado’s best fairways – and the remaining 118 home sites that comprise the adjacent master-planned community located near Glenwood Springs, Colorado in the Roaring Fork Valley. These assets sit on 533 acres and represent an immedi- ate opportunity for an investor, developer, or golf club operator to acquire them individually or purchase the entire property. The deadline for sealed bids is June 28, 2013. Ironbridge, located 30 miles north of Aspen and 65 miles west of Vail, is close to numer- ous world-class ski resorts and many popular attractions. Opened for play in 2003, the Ironbridge Golf Club is a 7,224- yard, par 72 course offering elevation changes of 495 feet and a superbly conditioned round of golf set alongside the scenic backdrops of the Roar- ing Fork River and Mount Sopris. Currently generating annual revenues in excess of $1,100,000, the course has 280 members and features nu- merous amenities including a pro-shop, meeting rooms and a family recreation area that has a swimming pool, water slides, climbing wall, basketball court, tennis courts and playground. Ironbridge’s residential com- munity is comprised of 316 ready to build lots (198 of which have already been sold) that vary in size from 4,000 to 40,000 s/f. Infrastructure is complete on 57 of the remaining 118 lots. The other 61 lots can either be redesigned or built
out to the specifications of the approved PUD. The subdivision is the ideal destination for indi- viduals who appreciate its close proximity to the Ironbridge course and other amenities including four miles of hiking and bike paths, catch-and-re- lease trophy fishing ponds and unsurpassed fly-fishing in the Gold Medal fishing waters of Roaring Fork River. “Under the right leader- ship, Ironbridge will become a major destination for golf enthusiasts and home buyers looking to purchase residences in an established community set against some of the most beautiful scenery the Moun- tain West region has to offer,” said John Cuticelli , CEO of Sheldon Good &Company. “The offering provides tremendous flexibility to prospective buyers for the Golf Club and remaining home sites with the ability to leverage the immediate upside potential they provide.” Located in the Roaring Fork Valley, Glenwood Springs fea- tures a population of 7,700 and is one of the largest cities in Garfield County. Situated where the Colorado River and Roaring Fork Rivers converge, the area is located near many popular attractions such as the world’s largest natural Hot Springs Pools, the natural un- derground Vapor Caves at Yam- pah Spa, the Glenwood Caverns Adventure Park and Hanging Lake. The area is located off the I-70, provides numerous transportation options and is home to the Glenwood Springs Airport. The deadline for deliver- ing the bids to Sheldon Good & Company is June 28, 2013 at 5:00 pm Eastern Daylight Time. n
1 Clubhouse Road, Browns Mills/Pemberton Twp, NJ (5873 +/- sf former bank branch on 2 acres.
Woodstown Bank Branch Building (bank ordered) located at 2-8 N. Main Street, Woodstown, C-1 Zoning.
clients; and sellers benefit from having a broader scope of bidders in one room.” Warner adds that it’s an op- portunity for buyers, realtors and investors to purchase prime properties with the ability to name their price.
Bidders may bid online, by telephone or live. Warner Real Estate and Auction Company, Inc., is a full-ser- vice New Jersey real estate company and auction mar- keting firm serving NJ and PA. n
www.marejournal.com Mid Atlantic Real Estate Journal — May 31 - June 13, 2013 — A M id A tlantic R eal E state J ournal A uctions Southern Colonial manor and working thoroughbred horse farm Max Spann Real Estate & Auction Co. to hold Monmouth County, NJ Equestrian Estate auction C horse stalls with a cypress sided horse barn and matted stalls, a feed room, office, and complete the estate. “This is a rare opportunity in the Garden State,” Spann REAMRIDGE, NJ — A majestic south- ern Colonial manor
and working t h o r o u g h - bred horse farm located in one of the most desir- ab l e l o c a - tions in New Jersey will be sold this
“This is a rare opportunity in the Garden State,” Spann said. “Anyone looking at this property will be stunned by the long, winding driveway passing by the picturesque barns, the pastoral pond and the breath- taking views of this equestrian estate.”
an apartment with an indoor 37-foot by 47-foot exercise area. Six, large paddocks comprising 40 acres (with room for an additional 40 acres) and a bridle path lead- ing to a half-mile racetrack
said. “Anyone looking at this property will be stunned by the long, winding driveway passing by the picturesque barns, the pastoral pond and the breathtaking views of this equestrian estate.” n
Max Spann, Jr.
spring — just in time for a new owner to settle in for the warm weather. Max Spann Real Estate and Auction Co. will hold the onsite auction on June 12, 2013 at 2 p.m. at 36 Emleys Hill Road in the CreamRidge section of Freehold Twp. On- site property previews will take place fromnoon to 2 p.m. on Sunday, May 19, from 4 to 6 p.m. onWednesday, May 29 and from noon to 2 p.m. on Sunday, June 2. Low Meadow Farm, a pure horse farm and trophy home on 128 preserved acres, fea- tures lush pastures and ma- ture woods — all within driving distance to shopping, NJTransit, the Jersey Shore and other regional ameni- ties. “The secluded southern plantation feel is warm and inviting to friends and fam- ily,” said Max Spann, Jr. , president and CEO of the firm. The four-bedroom manor house features a grand foyer, red oak flooring throughout, a formal dining room and living room. The master bed- room features a fireplace, a separate dressing room, and a master bathroomwith step- up whirlpool tub. A finished basement includes a den with bar, sauna, and exercise room. “This is the perfect house for hosting both intimate and larger functions,” Spann said. “The spacious farm kitchen with modern appliances, oversized cabinets, an island, loads of counter space and a breakfast area will not only functionally provide for you and your family, but also for your guests.” However, “the house is just the beginning,” Spann said. Step outside and find bucolic Monmouth County at its very best. In addition to the vast acreage, Low Meadow Farm boasts an impressive eques- trian estate that includes 24
36 Emleys Hill Road
WarehouseForSaleBluefield,Virginia 80,000 Sq. Ft.
• Four Docks with Rite Hite levelers • Kelly Dock Locks • (2) Grade level roll up doors • Motion sensor Aisle Lighting • Break room • Natural Gas Heaters • 25 Ft. Overhead • Interiorofficesoverlookwarehouse floor • Public water and sewer • Located in Tazewell County • Level parking for trucks and trailers
Ideally located in Southwest Virginia’scoalandgasregion. 3 miles from West Virginia. 75 Miles to Kentucky. 110 miles west of Roanoke. Good access to US 10-460 with Interstates 77 and 81 minutes away.
United Country Riverside Realty & Auction, Inc. 548 East Riverside Drive, N. Tazewell, Virginia 24630 276-988-6702 • www.uctazewell.com Allen Neel, Associate Broker | 276-970-1305 Marcus Gilbert, Broker | 276-970-1764 VAAF 815
A — May 31 - June 13, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions
Commercial Real Estate Auction Industrial Zoned with 2IÀFHVDQG:DUHKRXVHV ,QGXVWULDO5RDG*OHQ5RFN3$ :HGQHVGD\-XQH# 30
NJ-PA-DE-NY-MD-VA
7HUPV $GHSRVLWUHTXLUHGGD\RIDXFWLRQ%DODQFHGXHLQGD\V $%X\HU·V3UHPLXPZLOOEHDGGHGWRÀQDOVDOHSULFH Visit our website www.FortnaAuctioneers.com for more info & photos of the property! 3UHYLHZ 0RQGD\-XQHIURPDP²QRRQ www.fortnaauctioneers.com 1-855-831-4242 Multi-Property Auction: Friday, June 7 at 1:00 PM Auction Location: Wyndham Hotel–Mount Laurel, 1111 Rt 73 North, Mount Laurel, NJ 08054 7KH0LG$WODQWLF5HDO(VWDWH-RXUQDO[$XFWLRQ6HFWLRQ 0D\ Bank Ordered Auction Bank Ordered Auction Bank Ordered Auction Property #1: Woodstown, NJ 2-8 N. Main St, 7,504± sf Former Bank Branch Property #2: Brown Mills, NJ 1 Clubhouse Rd, 5,873± sf Former Bank Branch Property #3: Ocean Township, NJ U.S. Route 9, 0.95± Acre Lot, C-1 Zoning Seller Ordered Auction Seller Ordered Auction Seller Ordered Auction Sells at $50,000 or Above! Sells at $80,000 or Above! Property #5: Pennsville, NJ 23 S. Hook Rd, 0.92± Acre Lot, C Zoning Property #6: Voorhees Twp, NJ 116 Fairview Ave, VI2I¿FH%XLOGLQJ Property #4: Moorestown Twp, NJ 428 S. Church St, Just off Route 38 856-769-4111 Online Bidding Available! www.WarnerRealtors.com Mid Atlantic Real Estate Journal, 1/2 pg, May 31 NJPA G reen B uildings Mid Atlantic Real Estate Journal — Green Buildings — May 31 - June 13, 2013 — A www.marejournal.com Energy efficiency solutions to Bucks County BCEDC and Barish of NAP announce partnership Design/build team: Becker Morgan Grp., Wohlsen Distribution center building achieves LEED certification ucks County, PA — The Bucks County Economic Develop- mentCorporation (BCEDC) and Lonnie Barish of New America Power (NAP) an- nounce a partnership to offer electric supply and energy efficiency solutions to Bucks County businesses. BCEDC and NAP partnership extends savings on electricity supply, renewable energy and energy efficiency lighting and me- chanical solutions. Through the exclusive energy supplier partnership, Bucks County businesses are averaging 20 percent savings off their elec- tricity supply compared to B Philadelphia, PA — Robert D. Fox , man- aging partner of Manko, Gold, Katcher & Fox, LLP (“MGKF”) , the environmen- tal, energy and land use law and litigation firm based in Bala Cynwydwas honored by the Lower Merion Town- ship Environmental Advisory Council at the 2013 Go for the Green Awards held on Tuesday, May 21, 2013 at Ap- pleford Estates in Villanova. Fox received the “Lifetime Achievement” award for his commitment and dedication to the township and the envi- ronment. Fox was the founder and first Chair of the Lower Mer- ion Conservancy. He has been a member of the Lower Merion Township Zoning Hearing Board since 2006 and Chair since 2011. He is also the former Lower Merion Town- ship Environmental Advi- sory Council Chair and former Planning Commission Chair. He was Chairman of the suc- cessful $150M Montgomery County Open Space Bond Ini- tiative. At the firm, he was also instrumental in creating the Environmental Community Service Award, sponsored by Wawa, NBC 10 and MGKF, which has provided more than $80,000 to Delaware Valley their current utility rate. NAP will work individually with the 1100 - plus Bucks County busi- nesses to customize a program to save money and use less energy. NAP can turn your monthly electric bill into a competitive advantage for you by using a customized approach to electricity procurement and management. NAP offers a variety of energy products for businesses of any size and pro- vides unparalleled expertise in choosing the right energy product to fit your risk and price preference. This is just another way BCEDC works on your behalf. Changing Energy Suppliers is Easy • No switching fees • No visit required • No interruption in power delivery • Same reliable delivery ser- vice from your utility Energy Efficiency Solutions NAP will assist you in evaluating your facility’s en- ergy needs. Beginning with a thorough analysis of your current systems, our experts will conduct a FREE on-site audit that results in a tailored proposal detailing energy effi- ciency opportunities, payback analysis and environmental benefits. n Johnson Controls / Middletown Distribution Center Middletown, DE — Becker Morgan Group , as part of the design/build team with Wohlsen Con- struction announced the LEED certification of the completed 422,000 s/f John- son Controls / Middletown Distribution Center located in the Westown Business Park in Middletown, Dela- ware. The center includes a 400,000 s/f wet cell auto- mobile battery distribution and manufacturing facility with extensive special re- quirements, and a 22,000 s/f two-story administrative and employee office area. Becker Morgan Group pro- vided architectural services for this industrial grade facil- ity, suitable for automotive Philadelphia. Rauch and the other panel- ists will discussed some of the complex legal issues involved in dealing with the art collec- tion of Dr. Albert C. Barnes and a beloved and unique educational art institution in Philadelphia, the Barnes Fdn. The panelists will shared their experiences working on such well-known Barnes-related disputes regarding access, in- vestment, and ultimately the Barnes Foundation move to its current location on the Benja- min Franklin Pkwy. in Central Philadelphia. n The project utilized many regional and recycled materi- als to construct the facility, and implemented a compre- hensive recycling plan for the building occupants. Through the implementation of these and other sustainable strat- egies the project received LEED Certified status by the U.S. Green Building Council (USGBC). Becker Morgan Group takes pride in provid- ing responsive sustainable designs that meet client needs. n parts, assembly, conveyance, and sequencing to support form fill battery processes. Project was completed with a fast track schedule of less than 6 months for design and construction. Fox, managing ptr. of Manko, Gold, Katcher &Fox, receives lifetime achievement award RauchofManko, Gold, Katcher& Fox, LLP, Discusses “Art Law” (Photo by Sharla Feldscher) -- Josh Shapiro, Chairman of the Board of Com- missioners of Montgomery County, shared in the festivities honoring Robert D. Fox Tuesday, May 21st at Appleford Estates in Villanova. Philadelphia, PA — Lynn Rosner Rauch , partner with Manko, Gold, Katcher & Fox, LLP (MGKF) par- ticipated on a panel dur- ing the Penn LawReunion: CLELectures & Panels on Friday, May 10, 2013. The program, en- schools since 2006. Fox has over twenty-five years of experience providing compliance counseling, litiga- tion and transactional work for clients in the waste, chemical manufacturing and develop- ment industries and on behalf of cities and municipalities. He is known nationally for his work under the federal Super- fund law including handling many high profile Superfund matters (including the Key- stone Landfill matter which appeared on 60 Minutes) and litigating Superfund issues of first impression at the trial and appellate levels in multiple jurisdictions. Robb’s litigation experience extends to class action and toxic tort defense and appeals before federal and state environmental hearing boards. He is also a Thomas A. O’Boyle adjunct professor at the University of Pennsylvania School of Law. n Lynn Rosner Rauch titled “Art Law: Litigating Issues from the Barnes Foun- dation and Beyond,” took place on the Penn Law campus, 8A — May 31 - June 13, 2013 — Green Buildings — Mid Atlantic Real Estate Journal www.marejournal.com G reen B uildinGs ith no hope of ever getting a reduction of the water rate, By Mark Bourbeau, Green cents solutions owners &mgrs. reduce water usage and educate tenants W Creating the perfect environment • MEP Design • Sprinkler Design • Commissioning • Energy Conservation and incentives look into Aggressive fixtures to save the maximum amount of money. Rainwater/Graywater Every owner would like op- portunity to use water twice before it gets sent to the sewer. Arainwater system and a gray- water system can accomplish that. Rainwater systems basi- cally are a stormwater catch systemwhich brings rainwater from your roof to a holding tank. Once it’s stored the water is used to flush toilets. Asecond set of risers and some piping is needed. The water is treated to make it almost potable. This is great for retrofits and new construction. Graywater systems are more involved. You can reuse any wa- ter coming from showerheads and faucets. This water is held in a tank and is used for toilet flushing. This form of catch system is superior because you are not dependant on the rains. More piping is required so it would be difficult for retrofits but possible. New construction is a more suitable application for this type of system. These systems become valu- able as water becomes more expense and helps the reservoir in times of drought. Using this system insures that your build- ing would be flushing for free. solar thermal Solar thermal does not re- duce the amount of water being used. This addresses another problem for building owners. The amount of money being spent on heating water for the winter. Solar thermal is a great complimentary product which helps your boiler make hot water. The sun heats the solar panels on your roof. The heat transfers to a solution which gets pumped to a domestic water tank, heating the water to 105 degrees. The efficiency is what makes solar thermal so attractive. It works at a 80% efficiency, to PV’s 14%. Solar thermal units reduce Oil and Natural Gas consumption. The payback on most Solar Thermal applications is around 7 years. With many states expect- ing water shortages as soon as 2015, the price of water will only grow higher in the Tri-state area. Other city man- dates will be coming into effect. Property owners will need to track their water usage and en- courage tenants to save water. We have to make the tenants a part of the solution because they are ones using the water. We should educate them in the problems and inform them about whatever is put in the building in order to make them apart of the solution. Water conservation will become vital to the long term health of prop- erty owner’s survival. Mark Bourbeau is presi- dent of Green cents solu- tions in Pelham, ny. n real estate owners must look into re- ducing usage and educat- ing the ten- an t s . Th i s can be done by investigat- ing the use of PO Box 782, Voorhees, NJ 08043 P: 856-988-1890 Email: info@gilbeauxassociates.com www.gilbeauxassociates.com Contact: Jeff Gilbeaux Mark Bourbeau low flow fixtures, rainwater/ gray water systems, solar ther- mal, fixing leaks and educating tenants about the matter. Low-Flow Fixtures The majority of the usage in a building can be attributed to tenant use. The idea is to give them the opportunity to use less through fixtures. Aggres- sive low-flow fixtures can dra- matically reduce building wa- ter usage, while maintaining or even improving the experience provided to tenants. Building owners need to demand to the lowest flow possible available from their suppliers. There are products that are far superior in usage compared to products that are WaterSense certified. Some of them actually are twice as effective in terms of usage and performance. Most of these fixtures are already being used by large facilities such as stadiums, parks and airports. If large facilities have done it, it would make sense to commercial property owners to 8 Wendover Road, Edison, NJ 08820-3659 Specializes in EXPERT AERIAL PHOTOGRAPHY OF COMMERCIAL PROPERTIES NATIONWIDE Haftek CWS Safe. Responsible. Enviromentally Friendly. Protected by US Patents 7118633, 7121288, 7124767. Capitol’s expert photographers will: 1. Take photos within 48 hours (weather permitting) 2. Provide bright, sharp, prints, within 5 working days or earlier 3. Insure the highest quality available Please call Mark Seeman at 732-494-6691 Quality Photos For Over 25 Years Many References Available www.capitolaerials.com A Complete Solution - We Take Care of Everything. • Highly economical way to remove and recycle your concrete washout water • Eliminates costly fines and fees for non-compliance • Containment prevents spill damage to concrete and asphalt • Replaces outdated washout procedures which are costly and damaging to the environment • Reduces unsightly messes on job sites www.haftekcws.com 179 RYERSON AVENUE PATERSON, N.J. 07502 P: 973.942.3131 | F: 973-956-5086 | E-mail: info@haftekcws.com Mid Atlantic Real Estate Journal — Green Buildings — May 31 - June 13, 2013 — A www.marejournal.com G reen B uildings TAMFORD, CT —The Landis Group , a real estate development and Assembles “green team” to incorporate sustainable initiatives The Landis Grp.’s 400Atlantic achieves LEED Silver cert. S Monitor and Control your Heat and Hot Water Remotely Manage Your Residential or Commercial Properties, Assisted Living Facilities or Garden Apartment Complex Impact the Environment by Reducing Wasteful Energy Consumption No Building is too Big or too Small to Benefit from our System mental Protection Agency’s (EPA) prestigious Energy Star recognition, the national symbol for superior energy efficiency and environmen- tal protection. The site also won The Office Building of the Year (TOBY) from the Southern Connecticut Build- ing Owners and Managers Association (BOMA ) in the 500,000-1,000,000 s/f, multi- tenant category. “We are very proud of the green team’s initiatives that have been implemented at 400 Atlantic that contribute to its LEED Silver certification,” said Landis. “We believe 400 Atlantic is a model for other property owners who are seek- ing to make their buildings more green.” Some of those initiatives include: • Exterior enhancements in- cluded an update of the park- ing structure lighting systems and installing new digital time clocks that adjust the lighting to run a minimal amount of lights during working hours. • Installing electric car charging stations and reserved parking for hybrid vehicles in the parking structure. • Reworking the storm wa- ter irrigation system to inter- cept and redirect storm water from the third floor plaza to fill the 5,000-gallon storage unit, which also prevents additional run off from contaminating the ground water supply and con- taminants from entering the nearby Long Island sound. • Replacing light bulbs in the building and installing oc- cupancy sensors in all offices and conference rooms that are outfitted with a switch. Stamford’s premier busi- ness address, the 15-story, 500,000 s/f office building was originally conceived and con- structed as Champion Paper’s world headquarters. High- lighted by a dramatic lobby entrance and public spaces, expansive 37,000 s/f highly flexible floor plates, elegant in- terior staircases and sweeping views of Long Island Sound, the building is home to such high-quality corporations as UBS, American Express, The Santander Group and Harman Kardon. 400 Atlantic is located just 35 minutes from Manhattan and is across the street from the Stamford Metro-North Rail Station and adjacent to I-95. Each of the building’s light flooded floors presents an opportunity for eight spa- cious corner offices, while the center core construction allows for the most efficient space planning.Tenants also benefit from the presence of numerous on-site amenities, including an indoor connected garage, in-building fitness center, and full-service lobby cafeteria. n management firm announced that 400 Atlantic Street, the company’s class A office tow- er located across from the Stamford Train Station, has achieved LEED (Leadership in Energy and Environmental Design) Silver Certification from the U.S. Green Build- ing Council (USGBC) for Existing Buildings. “Thi s i s an inc redi b l e achievement for a 30-year-old building and is a tremendous reflection of the commitment of our team to ensure an envi- ronmentally friendly, modern, business setting for tenants here at 400 Atlantic,” said Scott Landis , principal at The Landis Group. “Receiving this influential recognition also reaffirms the priority we place on sustainable practices because it’s simply the right thing to do for the environ- ment, for the building, and for the tenants.” In 2012, the management at 400 Atlantic assembled an in- house “green team” to incorpo- rate a variety of sustainable ini- tiatives, in addition to exploring cost-cutting and energy savings strategies including changes in electrical usage, fuel/gas consumption and hardscape management. Since then, the property was awarded the U.S. Environ- To find out how you can save, call EnTech today: 732.730.1595 www.entechdigital.com C o n t r o l · M o n i t o r · C o n s e r v e · s a v e June 28th GREEN Spotlight: Sustainable Design & Construction Deadline: June 14 th Call Steve to reserve space 800-584-1062 skelley@marejournal.com www.marejournal.com Reduce your energy costs with Hutchinson! Energy Management Solutions Web Access Monitoring This exclusive Spotlight is an excellent way to Reach +25,000 Commercial Real Estate Professionals, including Owners Developers & Tenants. Editorial Requirements Include: 250 - 500 words, double-spaced typewritten along with a photograph. Special advertising rates to all participating firms. Call today to reserve your space. Heating | Ventilation | Air Conditioning Plumbing Services | Lighting Upgrades Energy Assessments Building Modeling and Benchmarking Solar Technologies Direct Install now pays 70% of the cost to replace your outdated lighting and HVAC equipment. Contact us today to learn how we can help you reduce energy costs and save! dicoordinator@hutchbiz.com 888-777-4501 Your Total Energy Experts ® “Remember, one call to Us means many calls to YOU.” hutchbiz.com George Hutchinson III, LMP. Plumbing License Number 6311. 10A — May 31 - June 13, 2013 — Green Buildings — Mid Atlantic Real Estate Journal www.marejournal.com Letter from the Executive Director Dear Friends and Colleagues: I am pleased to announce that USGBC NJ has received two new significant grants from NJ State Department of Labor and Workforce Development. They focus on building resiliency and skills for New Jersey’s businesses. These grants will run through March 2014. An enormous and ongoing shift is underway in the U.S. due to two major challenges facing Americans and our economy: rapidly rising energy prices, and the need for resiliency follow- ing natural disasters such as Superstorm Sandy. Within the construction and building retrofit sector, there is a significant effort underway to address these challenges. USGBC NJ’s training initiative raises the professional level of the grantees’ employees, while impacting the quality of deliverables of the entire supply chain relative to their specific business. Following the training, the grantee companies and their employees will be sought- after by the entire building industry supply chain and their clients for their expertise in Green Building and Resiliency methods. BOARD OF DIRECTORS CHAIR Ed Seliga Advanced Solar Products, Inc. VICE CHAIR Wayne D. DeFeo, LEED AP DeFeo Associates TREASURER SECRETARY Faith Taylor Wyndham Worldwide PAST CHAIR Anastasia Harrison, AIA, LEED AP Consultant DIRECTORS David Cardella Cardella Waste Services Jeremy Cressman, LEED AP American Standard Brands Zachary Gallagher, PE, LEED AP Alliance Environmental & Natural Systems Utilities Bill Gates, LEED AP Hunt Construction Group Tom Hales Herman Miller, Inc. Tony Marano The Marano Group, Inc. Vance Merolla, P.E. Colgate-Palmolive Company Brad Miller, PE, PP, LEED AP BD+C NJ Meadowlands Commission Attilio Rivetti, LEED AP Turner Construction Company Robert Schmitt The Hampshire Companies Andy Topinka, CPMR Technical Group Services, Inc. Ed Walsh, P.E. Avison Young Gregg Woodruff, PP, AICP, LEED AP Langan Engineering & Environmental Services, Inc. GENERAL COUNSEL Harry E. McLellan, Esq, LEED AP BD+C McLellan & Associates, LLC EXECUTIVE DIRECTOR Florence Block LEED Green Associate CHAPTER COORDINATOR Mary Ellen Garrigus Communications & Membership Coordinator Medea Villere ’ www.usgbcnj.org RJ Donnelly, LEED AP Donnelly Industries, Inc. FLORENCE BLOCK This is the fourth year that USGBC NJ has been awarded funding for their training programs by the State. The new Customized Training Grant is for incumbent businesses in NJ, and will provide fully funded training, and covers the complete spectrum of LEED Core Curriculum and Exam Prep., Corporate Sustainability, GPRO (Construction/Trades), and more. If you would like to learn more about these grant-funded trainings, please contact me at executivedirector@ usgbcnj.org. Sincerely, Florence Block LEED Green Associate Executive Director, USGBC NJ Chapter Events 5/20/13 through 6/30/13 - LEADERSHIP TRAINING FOR SUSTAINABLE SCHOOLS ‘Creating a Culture of Sustainability’. Locations: Multiple NJ School Districts. 6/12/13 - USGBC NJ EMERGING PROFESSIONALS SUMMER KICK-OFF HAPPY HOUR! 5:30 - 8:30 PM. Jersey City, NJ. 7/22/13 - USGBC NJ 10th Annual Golf Outing. 11:30 AM - 8:00 PM. New Jersey National Golf Club, Basking Ridge, NJ. 9/7/13 - USGBC NJ 2ND ANNUAL RACE FOR HEALTHY SCHOOLS - Calling All Spartans! Vernon, NJ. For details on all USGBC NJ events, visit www.usgbcnj.org/events Number of New Jersey chapter members: 1478 Number of USGBC member Companies in NJ: 275 Number of LEED Accredited Professionals in NJ: 3173 Number of LEED registered projects in NJ: 964 Number of LEED certified projects in NJ: 302
Made with FlippingBook HTML5