10C — March 18 - April 21, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
H March Construction serves as general contractor for Hedges at Hawthorne Cronheim Mortgage represents Bedrin Org. for construction/permanent financing AWTHORNE, NJ — Cronheim Mort- gage advised the
Bedrin Or- ganization in securing c o n s t r u c - tion/perma- nent financ - ing totaling $46 million for the de- v e l o pme n t
Lou March
of Hedges at Hawthorne, a transit-oriented, mixed-use project encompassing 118 lux- ury apartment units, 120,000 s/f of self-storage space, and a retail component. The financ - ing consists of a 36-month construction loan followed by a 10-year permanent financ - ing. Dev Morris , Allison Villamagna , and Andrew Stewart arranged the facil- ity for an affiliate of Glen Rock-based The Bedrin Orga- nization. The loan was placed with Valley National Bank . PENNSYLVANIA: At a time when many employers are struggling to recruit and retain talent, Entech Engineering, Inc. (Entech) has achieved historic growth and employee satisfac- tion. During this exponential expansion, the firmhas hired 35 new employees, a 29% growth in professional staff. What’s the secret? As it turns out, that depends on who you ask. What is clear is that Entech has several factors contributing to solid, sustainable growth and employee satisfaction They include: • A culture that fosters a sense of belonging and care for em- ployees. • The addition of a full-time re - cruiter to the Human Resources team to drive talent acquisition. • A flexible work environment. • Employee ownership options. MANHEIM, PA — 2,256 s/f of multi-family at 150 Charlotte St. , Manheim. Yirko & Eshtu purchased property from 150 South Charlotte Street Property. Tom Troccoli of Bennett Williams Commercia l rep- resented the seller in the transaction. 33.4 AC of land at Culhane Rd., York. CCH Land De- velopments LLC purchased
Hedges at Hawthorne
the quaint community life and proximity to NYC from Hawthorne. This project is the first of its kind being built in Haw- thorne. According to Andrew Stewart, “The Bedrin Or- ganization did a terrific job in working with the town to come up with a mutually ben- eficial solution to a prime site that needed redevelopment.“ The Subject is a five-minute walk to Hawthorne Station,
late summer 2022, the site will be anchored by Planet Fitness and also feature a four-story self-storage facility. The multifamily portion of the development will offer one- and two-bedroom units and include amenities such as a 750 s/f rooftop deck, dog park, co-working space and private office suites, available for rent. The project is expected to attract families, profession- als, and empty nesters, given focused on open communica- tions, commitment and trust, keeps us accountable to uphold the fundamentals of our cul- ture and deliver effective firm leadership through an ever- changing business landscape,” said Robert Weir, PE , execu- tive vice president. Entech’s marketing man- ager, Steven Wagner , built on Weir’s remarks, “We’re here to help our clients make more informed decisions. Our focus on our mission is key to our success. It aligns our ef- forts, enables us to look past short-term diversions, and empowers our people to help and contribute in all aspects of our business. Coupled with our core values and culture, a flywheel is created for em - ployee and client satisfaction alike.” MAREJ 1.75 AC of land at 1526 Carlisle Pike, Hanover. 7-Star Enterprises, Inc. purchased property from J &MEmerson. Ryan Myers of Bennett Wil- liams Commercial represented the seller in the transaction. 43,000 s/f industrial space at 305 N State St., 616-620 York St., 635 E Chestnut St., & York St., York. Kahlbaugh represented the buyer in the transaction. MAREJ
with service to New York Penn Station through Se- caucus Junction in less than 50 minutes via the Bergen County Line. Hawthorne Sta- tion provides direct service to Hoboken via the Port Jervis Line as well. Hawthorne is serviced by Rte. 208, which runs northwest to southeast through Hawthorne and pro- vides easy access to I-80 and 287, US Rte. 202, and State Rtes. 4, 17, and 93. MAREJ
March Construction , led by Lou March will be acting as GC for the project. They will also take an equity interest in the property as part of their overall commitment. Construction broke ground in May 2021 at 204 Waga- raw Rd., a former industrial site in Hawthorne, NJ that local officials and sponsor- ship have been seeking to repurpose for over a decade. Upon completion, slated for The dedication of the leader- ship team to employee retention and growth is evident in the results of the PA Best Places to Work Survey. For the sec- ond consecutive year, PA Best Places to Work has featured Entech Engineering as #15 on their list of best places to work in Pennsylvania. This program recognizes the state’s best em- ployers based on an anonymous evaluation sent to employees to complete voluntarily. “The PA Best Places to work survey has provided valuable insight to Entech’s leadership team to get real feedback from employees that has resulted in the enhancement of our benefits and internal processes and en- abled us to make key hires to support the growth of our firm. This tool, in addition to foster- ing a workplace environment
Entech Engineering facilitates rapid growth through pandemic & beyond
Cox of SVN -Miller sells 62- unit hotel in Pocomoke, MD
Choice Hotel
into the future,” said Wesley about the sale. This is one of a few hotel deals Wesley is involved in among many other transac- tions currently in the works including major land develop- ments, investment property deals, and multiple new leases to fill vacant commercial spaces across Delmarva. SVN |Miller is an Accred- ited Management Organi- zation (AMO) . Our team of dedicated professionals with market-leading knowledge includes a highly trained staff of Certified Property Man - agers (CPM) , Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Real - tors (SIOR) . MAREJ
POCOMOKE, MD —Senior advisor Wesley Cox of the Hanna Team at SVN -Miller Commercial Real Estate an- nounced the sale of a 62-unit Choice Hotel. Shailesh Shah a broker within SVN located in Virginia, teamed up with Wesley for the sale of this suc- cessfully performing hotel. The subject property consists of five buildings, a outdoor pool, and all guest rooms had been renovated at this very well maintained hotel. “Shailesh and I stayed persis- tent with our efforts and after a dozen showings we were able to find the right buyer to meet the seller’s goals. The seller was realistic with their time-frame, and we ultimately found an out-of-state buyer that saw the value in this property who will successfully operate this hotel
Bennett Williams inks sale of Manheim, PA multi-family property from Samuel & Sharon Wise. Keith Kahl- baugh of Bennett Williams Commercial represented the seller in the transaction.
2.8 AC of land at 230 In- dustrial Rd., York. J. Krall purchased property from Gaumer Tool Machine Co., Inc. John Trone of Ben- nett Williams Commercial represented the buyer in the transaction.
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