www.marejournal.com Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 31 - June 13, 2013 — 1B I ndustrIal r eal e state & d IstrIbutIon C enters
Jones lang laSalle hires 12 real estate professionals
L oRhAM PARK, NJ — hFF announced today that it has ar- Three-building industrial portfolio hFF arranges $31 million financing for 1.1 million s/f F
PARSIPPANy, NJ AND PhIlADElPhIA, PA — Jones lang laSalle an- nounced that it has hired 12 real estate professionals to further expand its service capabilities in the New Jer- sey, Pennsylvania and Long Island, NY office and indus- trial markets. JLL has tapped long-time colleagues Paul Torosian , managing director, John Plower , VP, Dean Toro- sian , senior associate, and Jeffrey lockard , senior analyst, to serve industrial clients in Pennsylvania, and Nathan Demetsky , execu- tive VP and John Gartland , VP, to assist industrial clients in New Jersey. Paul
Also in New Jersey, JLL has brought on office brokers Mark Siegler , executive VP, Marc hirschinger , ex- ecutive VP, and Douglas Twyman , senior VP, and industrial market specialist howard Weinberg , execu- tive VP. In Long Island, the firm has hired Eric launer , executive VP, and Michael Aievoli , executive VP. The two real estate professionals will op- erate out of JLL’s Melville office, expanding its tenant representation expertise and relationships throughout the Long Island market, and facilitating the fulfillment of JLL client requirements on Long Island. n
ranged $31 million in financ- ing for a three-building in- dustrial portfolio comprised of approximately 1.1 million s/f in the northern New Jersey towns of Elizabeth, Edison and Bayonne. Working on behalf of a joint venture between Cohen As- set Management, Inc. and New York Life Investment Management, HFF placed the seven-year, fixed-rate acquisi- tion loan with Principal Real Estate Investors . HFF sold the assets to the borrower as part of a larger portfolio in 2012. The portfolio is 99 percent leased and is within close proximity to Port Newark/ Elizabeth, Newark Inter- national Airport and major roadways including Interstate 95/The New Jersey Turnpike and Interstates 78 and 287. The HFF team representing the borrower was led by senior managing directors Jon Mi- kula and Paul Brindley . n G William Group reports activity fueled by the food industry EDISoN, NJ — G William Group , a commercial building consulting group headquar- tered in Edison had significant activity for last year and this year fueled mainly by the food industry. GWG designed and built new facilities for a restaurant fran- chiser in Newark and a food testing company in Hamilton. Other food related projects include the design and renova- tion of a 100,000 s/f facility for organic vegan food production and the planning and design for additional production and operations improvement for a spice company. Additional commercial proj- ects were the design and sup- ply of a pre-engineered steel building addition for a printing company in Clifton; the reloca- tion of a store fixture company in Brooklyn with three locations into one large facility. n Distribution center in Hamilton NJ
Industrial portfolio comprised of approximately 1.1 million s/f in the northern New Jersey towns of Elizabeth, Edison and Bayonne
Building I Complete - Ready For Occupancy
51-Acre Industrial Park For Lease or Build-to-Suit
Building 1 - 4275 Fritch Drive 228,000 SF (divisible) • Construction completed July 2012 • Pre-cast construction; 32’ clear • 53 loading doors; 2 drive-ins • On-site trailer parking • Building 2 - 4270 Fritch Drive 303,600 SF (divisible) • Pre-cast construction; 32’ clear • 50 loading doors; 2 drive-ins • Abundant on-site trailer parking • Rail served •
Lehigh Valley Tradeport is strategically located in Bethlehem, PA with immediate access to I-78, I-476, Route 33 and the NY/ NJ metro markets via Highway Route 22.
Griffin Land www.grifland.com Owned & Developed By:
Contact :
Sean Bleiler ( 610) 398-3409 sean.bleiler@cbre.com www.cbre.com/sean.bleiler
Bill Wolf ( 610) 398-7175 bill.wolf@cbre.com www.cbre.com/bill.wolf
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