2A — August 28 - September 10, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
Alpha Funding........................................................19A American Architectural Window & Door.................1B Arrow Steel Inc........................................................10B Azarian Realty Co.. .................................................15C Barley Snyder..........................................................16A Bayshore Recycling. ................................................20B Bennett Williams.......................................................3C BlueGate Partners...................................................14A Bohler Engineering. ..................................................9C Brach Eichler...........................................................13A Canariis Corporation...............................................11B Capitol Aerials.........................................................19B Castle Lanterra Properties.....................................12A Chiesa Shahinian & Giantomasi PC......................10A Crystal Window & Door............................................8B E.B Cohen..................................................................7B Earth Engineering...................................................19C Elliott-Lewis. .............................................................3B EPGP........................................................................17A Fowler Companies...................................................23B Gerard Construction Corp.. ......................................2C GM Realty............................................................IBC-A Greystar.....................................................................8A HFF............................................................................6A Hillcrest Paving & Excavating...........................IBC-A Hollenbach Construction...........................................3B Hutchinson Mechanical...........................................19B Integrated Business Systems. ..................................5B Integrity Graphics.....................................................7B Investors Real Estate Agency.............................IBC-A IREM.................................................................. 24-25B Jardim Meisner & Susser PC.................................20A Jeffery Realty ............................................................7C Jewel Electric Supply Co...........................................6B Kaplin Stewart. .......................................................18A Kay Realty. ..........................................................IBC-A Keast & Hood.............................................................3A KSS Architects...........................................................2B Landmark Science & Engineering..........................21B Levin Management............................................ 10-11C LEW Corporation. ...................................................19B M. Miller & Son.........................................................6B Manekin...............................................................IBC-A Marcus & Millichap..................................IBC-A, BC-A Martin Architectural...............................................20C Meridian Capital Group..........................................11A Metro Commercial...................................................16C Murray Associates Architects.................................14B NAI Summit................................................ IBC-A, 13C National Realty & Development Corp................. BC-C NJAA........................................................................23B NorthMarq Capital....................................................3A P. Cooper Roofing. ................................................ BC-B PipeBurst Pro. ...........................................................9B Poskanzer Skott Architects.......................................4B Premier Compaction Systems.................................18B Prime Sites Realty ..................................................18C R D Mechanical Corp.. ..............................................2B RD Management LLC....................................... IFC-1C Rhino Realty Group.................................................17C Silbert Realty & Management Company.................8C Specialty Building Systems. ................................. IC-B Stark & Stark............................................................4C Subway.....................................................................12C Target Building Construction...................................6C Total Cleaning Associates, Ltd.................................4B Traiman. ....................................................................4A USGBC.....................................................................22B Warner Real Estate & Auction.................................4A Weil Pump Co., Inc..................................................12B WithumSmith + Brown...........................................13B World Business Lenders. ..........................................5C MAREJ A dvertisers D irectory
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Section Publisher .........................................................Steve Kelley Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant ........................................................ Julie King Associate Publisher ................................................. Alissa Aronson Associate Publisher .............................................. Barbara Holyoke Office Manager .........................................................Joanne Gavaza Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 27 Issue 16 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
A HR Managers Strive to Be Flexible, Cost-Conscious in Managing Relocation Jennifer Connell midst tougher compe- tition for the best and brightest employees, 60 percent of companies say that relocation policy benefits are critical to recruiting tal- ent. Yet an alarming major- ity of companies still pursue outdated workforce mobility practices that put them at risk of losing the very talent they’re investing in. These were some of the key findings of the latest survey by Weichert Workforce Mobil- ity Inc., a global leader in the deployment and management of mobile talent. Multidimen- sional Views on Workforce Mobility is Weichert’s ninth annual survey to identify the top relocation challenges and trends, with this year’s results based on the input of 170 North American corporate relocation managers. Results show companies balancing the need to provide the benefits necessary to at- tract and retain top talent with an unrelenting pressure to control costs. Forty percent of companies expect their relocation volume to increase over the next 12 months, underscoring its importance to business growth, while reducing cost was the most
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
commonly cited influencer of the changes companies make to their relocation programs. In fact, “controlling reloca- tion spend” was the number one reason cited for the wider adoption of flexible reloca- tion programs, which include temporary, rotational and commuter assignments, lump sums and extended business travel. “When it comes to workforce mobility, the mantra is, ‘be flexible, but be cost-conscious, too,’” said Jennifer Connell , North American Practice Leader for Weichert’s Advisory Services group and architect of the survey. “When managed right, flexible programs allow companies to be both, making relocation appealing to a wider range of employees and keep- ing talent more readily deploy-
able as opportunities arise.” Unfortunately, some com- panies’ efforts to balance flex- ibility and cost control miss the mark. Seventy percent of respondents said they pro- vide lump sums to entry-level employees, a practice Connell finds ill-advised. “This places responsibility for the move on the demo- graphic that is often least experienced with managing their own funds, which ends up costing more in the long run while literally risking your future leaders,” said Connell. “It’s very telling that despite the widespread usage of lump sums, only 50 percent of com- panies thought they met the needs of their employees and only 33 percent thought lump sums helped drive their talent management strategy.” n
Bussel Realty Corp. leases 15,808 s/f at 1026 West Elizabeth Avenue in Linden, New Jersey
LINDEN, NJ — Bus- sel Realty Corp. (BRC) , a leading corporate and in-
dustrial real estate ser- vices firm in New Jersey, announc ed Accu Refer- ence Medi- c a l L a b has l eased 15,808 s/f at
Jordan Metz
1026 West Elizabeth Ave. in Linden, a 78,888 s/f industrial property. BRC vice president JordanMetz was responsible for the transaction and repre- sented Accu Reference Medi- cal Lab. JLL represented the owner, Prologis . “Accu Reference Medical Lab was expanding their laboratory services in the New Jersey area,” said Metz.
1026 West Elizabeth Ave
“The property’s location near Elizabeth, Rahway, Linden and the Goethals Bridge to Staten Island and Brooklyn provided a great location to reach its clients in these markets.” 1026 West Elizabeth Ave. is in close proximity to Rte.
1-9, the New Jersey Turnpike, Port Newark/Elizabeth and Newark Liberty Airport. The property offers 18-foot ceiling heights, 36-foot by 23-foot col- umn spacing, 15 tailboards, one drive-in, 1600 amps of electric power, wet sprinklers, and is situated on four acres. n
To advertise, call 1-800-584-1062
Made with FlippingBook flipbook maker