Real Estate Journal — The Year in Review 2017 — December 22, 2017 - January 11, 2018 — 19C
M id A tlantic
CBRE announces $115 million sale of 500 Plaza Dr. in Secaucus Rittenhouse Capital Advisors arranges $54.25M acquisition loan in Chester County, PA Wolf Commercial Real Estate promotes Mannino, Esq. to COO CronheimMortgage secures loan for the acquisition & lease- up/repositioning of Ballantyne Village Colliers International’s Banas &Wood arranges $13.7M in financing for 52-unit apartment community NorthMarq Capital’s Richmond office secures $30M construction financing for Reynolds South Tower Morningstar Credit Ratings, LLC names Overby head of CMIBS Research and Analytics Love Funding secures $13 million FHA loan for refinance and rehabilitation of Section 8 townhomes Cushman & Wakefield closes 2.4 million s/f Mid-Atlantic industrial portfolio Akelius has acquired 168 multi-family units totaling $34M Blue & Obrecht Realty, LLC / CORFAC Intl’s ink lease transactions at Northwest Business Center DMG Investments celebrate ribbon cutting of 204-unit luxury condominium building HFF closes $73.25 million sale of 439-unit apartment community in Plainsboro, NJ Max Spann to auction 28.8-acre redevelopment site on Rte. 130 AUGUST 11 – 24, 2017
Year in Review 2017
Features energy efficient solutions &NJ State Incentive program Hutchinsonhonored forwork on Edison Solutions project
utchinson recently received the highly coveted Associated
Builders and Contractors’ (ABC) “Excellence in Con- struction” 2017- NJ Project of the Year award for work on the Edison Retail Solu- tions Project. The award was presented by Chuck Goodrich, ABC’s National Chairman and Mike Bellaman, President of ABC. Hutchinson handled all of Edison’s overall energy needs for its newly relocated 115,000 s/f facility in Pennsauken in- cluding lighting and HVAC. Edison Relocates Business Edison, a family-owned and operated company, repre- sents well-known big brand businesses in a variety of industries, including big box retailers across the nation. In 2015, the business ac- quired Compass, a display company in Georgia, and in 2016 formed Edison Solu- tions, LLC. Litho had business locations in Moonachie, NJ and Kennesaw, Ga. and with strong urging from the state of New Jersey and the right incentive package, the choice was crystal clear to remain in the Garden State. Once Edison Solutions re- ceived Board approval by the New Jersey Economic Devel- opment Authority (EDA) for Grow New Jersey tax credits, things moved quickly. “As soon as Edison Solutions received the green light of ap- proval from the EDA Board, we jumped on the opportunity and knew we wanted to stay in New Jersey,” said Kevin Neu- reuter, CEO, Edison Solutions. In addition to the Grow NJ tax credits, Edison Solutions also leveraged EDA financing programs, including loans and tax-exempt bonds. As part of its big move, Hutchinson handled all of Edison’s overall energy needs, including lighting and HVAC. “Hutchinson was a great fit – they are large enough to take on a big job like this, are knowledgeable about the services I needed and handled every aspect of the HVAC and lighting upgrades and instal- lation every step of the way,” said Kevin. Edison Solutions closed its Georgia location and com- bined this location’s services along with finishing and digi- tal services from its North Jersey location into a single facility in Pennsauken. n
Hutchinson accepts the “Excellence in Construction” 2017- NJ Project of the Year award
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888-777-4501 • hutchbiz.com William A. Hutchinson Jr, LMP, Plumbing Lic. #5041. Edward P. Hutchinson, Master HVAC Contractor Lic. #22700. Hutchinson HIC Reg. #13VH01747500.
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