www.marej.com M id A tlantic Real Estate Journal — March 18 - April 21, 2022 — The Best of 2021 — 35D The BEST COST SEGREGATION VENDOR of 2021
Cost Recovery Solutions LLC Tinton Falls, NJ
Type of Service: Tax-Saving Engineering Services Cost Recovery Solutions LLC (CRS) collaborates with commercial property owners, tenants and their accountants to reduce income taxes, optimizing their return on investment. We specialize in value-added acquisition services including cost segregation studies, energy tax services, tangible asset appraisals and fixed asset reviews. Founded in 2004, CRS has successfully completed thousands of projects for virtually all property types throughout the country, with clients ranging from local business owners to Fortune 500 companies. We’ve saved thousands to millions in income taxes for clients in retail, healthcare, hotel, banking, automotive, restaurant, recreation and manufacturing industries. Unlike many other companies in this space, CRS employees hold advanced certifications in appraisal/valuation, cost segregation and finance, which confirms our commitment to upholding the highest ethical and technical industry standards. Our favorite project in 2021 consisted of performing cost segregation studies for a premier supermarket chain’s renovation initiative that involved multiple stores. The multi-phased con - struction included parking lot and major retail/operations expansions as well as major interior renovations to existing food departments, checkout, and customer service areas throughout the stores – all performed while remaining open. CRS engineers remained nimble, updating and completing their analyses in a very dynamic environment. Our studies reallocated significant amounts of the building assets to reduced depreciation schedules, enabling the owners to realize between $400K and over $2.7M in tax savings.
The LARGEST LAND SALE of 2021 Colliers
The Kislak Company, Inc. 606 Freeman Street Orange, NJ
Rittenhouse Realty Advisors 700 N Delaware Ave. Philadelphia PA
Humboldt Industrial Park Hazleton, PA
Julie Gralla
Joni Sweetwood
Ken Wellar
Corey Lonberger
Mark Duszak
Size: 3 Acres +/- Brokers: Ken Wellar, Corey Lonberger, Mark Duszak This development site is located in the Northern Liberties section of Philadelphia. It was sold with permits to build 498 units plus off-street parking. It has immediate access to North Delaware Avenue/Columbus Boulevard as well as Interstate-95. It is within blocks of SEPTA Market- Frankford Line and Bus/Trolley routes. It is also walk - ing distance to SugarHouse Casino Complex, Penn’s Landing, and Franklin Square. This deal is also in close proximity to Cafes, Bars, Restaurants, Shopping and En - tertainment Venues along Frankford Avenue and North 2nd Street.
Size: 0.8821 Acres Brokers: Julie Gralla (seller); Joni Sweetwood (buyer) This transit-oriented development project is a proposed five- story amenitized building comprfised of 103 residential units (19 studios, 52 one bedrooms and 32 two bedrooms). The ground floor will consist of parking as well as a lobby, bike room and amenity room. On the second floor, there is a spa - cious outdoor terrace for tenants to enjoy and that floors 3-5 will have views of NYC.
Michael Zerbe
Mark Chubb
Summer Coulter
Size: 163 Acres Brokers: Michael Zerbe, Mark Chubb, Summer Coulter Colliers facilitated the sale of a 163 acre land site im - mediately adjacent to I-81 and access to rail service that can accommodate two buildings totaling approximately 2 MSF of modern Class A bulk industrial development.
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