14A — February 26 - March 10, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
aramus , NEWJER- SEY — Gregory Na- lbandian , managing Working for Advance Realty financing placed with Natixis NorthMarq arranges $49.4m of floating-rate financing P
NAI Hanson organizes sale of 58,564 s/f ind. bldg.
but is when the results be- come so positive or so painful that you are forced to take action. Psychologists refer to this as the Cognitive Dis- sonance Theory: either some- thing brings you so much joy or causes you so much pain and sorrow that you have no choice but to change your be- havior. If you keep repeating the same excuses rather than taking action then you aren’t at this point yet. It’s that simple. Benjamin Franklin said, “He that is good for mak- ing excuses is seldom good for anything else.” And you definitely don’t want Excuse Master on your headstone. The endless cycle of re- peating excuses could be de- scribed, in the words of Alan Watts, as “all retch and no vomit.” How grossly appropri- ate! When we allow ourselves to associate with thankless, negative, or even unethical people we become poisoned by them. It’s not their fault; it’s ours. When we lack the discipline or self-esteem to break a negative habit, in- stead clinging to our big buts, we poison ourselves. Better to be silent than to regurgitate the same old thing over and over. Albert Einstein defined insanity as “doing the same thing over and over again and expecting different results.” This includes making excuses. For things to change, first you must change, so eliminate the three letter “b” word from your vocabulary because a big but doesn’t look good on anybody. Tracey C. Jones is a US Air Force veteran, en- trepreneur, speaker, and publisher. She speaks to audiences across the na- tion on leadership, ac- countability, business suc- cess, and other topics. Her latest book is “Beyond Tremendous: Raising the Bar on Life.” n owlands, allowing for future expansion of the infrastructure. “The buyer, Lavalle Foods USA, expressed an urgent need to increase their warehouse and distribution space to accommo- date their growing business of importing fine foods from Italy,” said Leitner. “The buyer had outgrown their previous distri- bution site in Teterboro, which was nearly half the size. The acreage provides the buyer with the option to further expand their operations.” n
lost chances you will find for- tune and opportunity. What you say and what you think affects your circumstances in a very real way. Chang- ing what comes out of your mouth—and what you say to yourself in your head¬—can give you a whole new outlook. You can create a life of possi- bility and potential by avoid- ing a simple three-letter word. Don’t be an excuse en- abler: Excuses come in two categories. The first derives from things we will not do despite the direct negative impact of inaction, such as de- veloping a healthier lifestyle or pursuing a more fulfilling career. These buts are insidi- ous and pervasive when you just don’t care enough about yourself to take action. If you want it bad enough you’ll find a way; if you don’t you’ll find an excuse. The second category derives from things we will not stop doing. It could be an addiction, or allowing negative people to stay in your life. This but thrives on the guilt-and-fear excuse and an enabling personality. As much as we like to blame others, the fact is that you are the master of what goes on in your own head. That’s right, YOU. It’s that simple, and it’s that difficult. There is nothing positive or productive to be gained by making excuses or by repeat- ing them. Repetition gives them credibility and allows them to continue to drain you and others. Let’s face it; life is tough, even for the healthiest and wealthiest of us. Making excuses exiles you to a per- petual rut, while choosing to take responsibility for your happiness and your attitude frees to you to move on to big- ger and better things. Learn to recognize cogni- tive dissonance: Oftentimes the only way to get off your East Rutherford, NJ — NAI James E. Hanson an- nounced the sale of a 58,564 s/f industrial building located at 235 Murray Hill Parkway in East Rutherford. The buyer, La Valle Foods USA Inc., was represented by NAI Hanson’s Jeff DeM- agistris and Thomas Vetter . NAI Hanson’s Steven Leitner, CCIM and Michael Walters, SIOR , represented the seller, The Meadowlands Area YMCA. 235 Murray Hill Parkway sits on 4.3 acres in the Mead-
(formerly occupied by Staples) will be re-tenanted, providing for future upside. “The combination of the tro- phy retail location within the heart of prime Rte. 17, stellar sponsorship with a very suc- cessful track record for reposi- tioning properties, and strong in-place cash flow providing a very attractive debt yield go- ing-in combined with a value add opportunity provided for significant competition on this financing assignment,” said Nalbandian. “Natixis’ balance sheet ultimately distinguished themselves with premium pricing on a non-recourse basis for the venture.” n
provided for both the acquisi- tion of the assets and a future funding facility for re-tenant- ing and redevelopment costs. Three of the buildings are located at 289-315 Rte. 17 South, touting two standalone buildings currently utilized by a PGA Tour Superstore and a P.C. Richard & Son. The fourth property is located at 60 Rte. 17 North. The asset is a 75,000 s/fpower center shadow-anchored by West- field Garden State Plaza, the State’s largest regional mall, and features strong national retailers, DSW Designer Shoe Warehouse and PetSmart. A vacant 25,000 s/fend cap, Keller Williams Realty represented the buyer, and Chuck Heller, Drew Bo- bincheck and Sean Fitzsim- mons of Landmark Commer- cial Realty represented the seller in the transaction. Momin Properties, LLC recently acquired the 14,393 s/f office building located at 5124 E. Trindle Rd. from Trindle Professional Proper- ties. Momin Properties plans to redevelop the building into a surgery center. Jeremy Shyk of CBRE represented the buyer, Heller and Da- vid Remmel, P.E., SIOR of Landmark represented the seller. VMV Smart Solutions and VMV Fine Dining, LLC pur- Real Estate . The Delaware Board of Trade (DBOT) will occupy about 11,000 s/f of the 8th Floor executive office space of the former Hercules Corporation headquarters. A new venture that will seek to become a pub- lic source of capital for small cap businesses, globally, DBOT will play a significant role in building on Wilmington’s eco- nomic re-development efforts. • Beth Alderman remains an executive vice president and has been appointed to the Board of directors • Karen Hess has been elected vice president and has been appointed to the board of directors • Robert Delavale has been promoted to vice president (leasing) • Robert Rosenberg has
d i r e c t o r o f NorthMarq C a p i t a l ’ s New Jersey based region- al office ar- ranged $49.4 m i l l i o n o f floating-rate financing for
Gregory Nalbandian
continued from page 2A Does this excuse make my. . .
a 244,000 s/f retail portfolio, comprised of four properties on Rte. 17 in Paramus. Work- ing for Advance Realty , the financing was placed with Natixis Real Estate Capital . Proceeds from the financing
Mechanicsburg, PA — Landmark Commercial Realty organizes the follow- ing transactions: Robert Murray Insurance Agency, representing Farmers Insurance has leased office space at 5521 Carlisle Pike, Mechanicsburg. Andrew Kohr represented both par- ties in the transaction. RJW Industrial Group has leased a suite at 282 Lowther Rd. in Lemoyne Borough from Wm Rittner Real Estate . Bo Mangam of Landmark Com- mercial Realty handled the lease negotiations. Shake Bros, LP recently purchased the property lo- cated at 2900 Canby St., Har- risburg. Tahir Dawood of chased The Quarter, a 4 level, 15,228 s/f restaurant, located at 321 N. Second St., Harris- burg. Mangam represented the buyer and Nik Sgagias from NAI/CIR represented the seller, Braam Hattingh. Conewago Contractors acquired a four acre, in-fill industrial development site located within Friendship Industrial Park at Lot 23 A2 Gibson Blvd., located across from the regional UPS parcel hub. The site is fully approved for a 40,000 s/f, class A, distri- bution facility with expansion capabilities. Senior VP, Jason Grace, CCIM, SIOR handled the negotiations between the buyer and seller, J&B Ranch, LLP on the transaction. n Landmark Comm’l. Realty executes 69,621 s/f in PA transactions Location Realty Advisors’, Jim Ryder , represented St. Francis Healthcare new LIFE Center concept in another long- term lease transaction at Wilm- ington’s Riverfront. The 27,000 s/f LIFE Center is a Program of All-Inclusive Care for the Elderly (PACE). This unique model of care helps seniors live safely at home with assistance from a team of compassionate healthcare experts. n Location Realty Advisors brokers major deals in Delaware Breslin Realty Dev. Corp. announces corporate changes in 2016
NewCastle, DE —L oca- tion Realty Advisors’ Chris Castagno represented Dela- ware Board of Trade Holdings, Inc. aka “Delaware Stock Ex- change” in a long-term lease transaction for office space at the Hercules Building at 1313 N. Market St. in the Wilming- ton, Delaware CBD. The land- lord is D.C.L. Leasing Partner- ship, Ltd – VI, a group that includes McConnell Johnson Garden City, NY — Wilbur Breslin , president, BreslinRealty Development Corp. announced the follow- ing promotions and corporate changes in 2016: • Wilbur Breslin has been re-elected CEO and chairman of the board of directors • Kenneth Breslin has been elected president and ap- pointed to the board of directors
been promoted to vice president (development, construction and property management) • William Last has been re- elected to CFO • Laura Valerio has been promoted to Corporate Trea- surer The Breslin organization has been in business since 1953, and is looking forward to a profitable year in 2016. n
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