O wners , D evelopers & M anagers
Real Estate Journal — Section B
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M id A tlantic
Simonelli, Cruz, O’Hearn & Oliver lead investment sales team HFF closes $7.475 million sale of three apartment properties in New Rochelle, NY N
HI-LIGHTS J un e 26 - J uly 16, 2015 EW ROCHELLE, NY — Ho l l i day Fenoglio Fowler, LP (HFF) announced that it has closed the $7.475 mil- lion sale of three apartment properties totaling 65 units in New Rochelle. HFF marketed the proper- ties on behalf of the seller, JEMHoldings. Virginia City, LLC purchased the offering and assumed the existing mortgage. The three apartment build- ings are located at 347 Hu- guenot St., 778 Main St. and
10-14 Glencar Ave.
347 Huguenot St.
778 Main St.
10-14 Glencar Ave. All of the properties provide easy ac- cess to public transportation and major thoroughfares and are centrally located within the New Rochelle market. The portfolio has a mix of 39 one-bedroom units, 24 two- bedroom units and 2 three-
bedroom units and all three properties are 100% leased. 778 Main St. also includes one fully-leased ground floor retail space. The HFF investment sales team was led by associate director Stephen Simonel- li along with senior manag-
County’s strongest submar- kets. The seller was able to take advantage of the signifi- cant desire for multi-housing properties in Westchester County, while the buyer will be able to add substantial value to the portfolio,” said Simonelli. n
ing director Jose Cruz , managing director Kevin O’Hearn and associate di- rector Michael Oliver . “The NewRochelle portfolio represented the opportunity to acquire three well-locat- ed apartment communities within one of Westchester
ANCASTER, PA — Holcomb Behavioral Health Systems re- Emory Hill leases, renovates & manages new Holcomb Acute Crisis Diversion Program L
Contractors & Subcontractors
one firm to handle all of their needs. “Each step along the way, Emory Hill was respon- sive and kept me informed throughout the whole pro- cess,” she said. “They kept on top of the work schedule and even finished a week prior to their deadline. Everything was seamless.” Holcomb Behavioral Health Systems joined the Chimes Family of Services in 2000. Bill DiFabio came into lead- ership in 1995 as Chief Of- ficer for Holcomb Behavioral Health Systems aggressively developing the business to 34 locations throughout southern and central Pennsylvania, central New Jersey, Delaware and Maryland. Holcomb pro- vides services for people with mental health, substance abuse, intellectual and de- velopmental disabilities and co-occurring disorders, as well as an array of prevention and educational programs for youth, parents and adults to encourage healthy choices and lifestyles. n
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cently held the Grand Opening of its newAcute Crisis Diver- sion Program at 800 New Holland Ave. in Lancaster. The Em- o r y H i l l C o m p a - ni es we r e i n v o l v e d i n s eve r a l p h a s e s o f the project: NAI Emory Hill’s Neil K i l i a n ,
IGS Solar & Advanced Solar Products complete solar project for Church at the Gateway in NY
Neil Kilian
Voyagers’ Community School rendering
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John Skeparnias
www.marejournal.com ALSO INSIDE Green Buildings........17-22B USGBC.............................22B NJAA................................23B IREM........................ 24-IBC-B
CCIM, SIOR negotiated the lease of the property to Hol- comb, management of the facility is being handled by NAI Emory Hill property manager John Skeparnias , and Emory Hill & Co. com- pleted the construction proj- ect, which consisted of 9,955
s/f of interior renovations with eight patient bedrooms, a commercial kitchen, dining room, administrative offices and commercial areas for the patients. Construction team members included project manager Brad Kellmyer , estimator Ken Robertson
and superintendent Chris Sturm . Karen DiFabio, purchasing and facilities director with Holcomb, said she was very happy with the Emory Hill team regarding all phases of the process and liked the “one stop resource” of working with
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