S hopping C enters N ew J ersey /P ennsylvania

M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B


Perkins, Todd, Somple, James and Allessio represent owner of 200 Middlesex Ave. NAI James E. Hanson negotiates 406,437 s/f industrial renewal in Carteret, New Jersey

ARTERET, NJ — NAI James E. Hanson an- nounced it has negoti- ated a 406,437 s/f full building lease renewal with Continen- tal Terminals at 200 Middle- sex Ave. in Carteret. James E. Hanson’s Scott Perkins, SIOR, Chris Todd, SIOR, Andrew Somple, SIOR, Greg James and Justin Al- lessio represented the owner and Tom Carragher, Steve Korfiatis, Craig Engelhardt and Chris Carragher of Newmark represented the tenant in the transaction. C

Established in 1985, Con- tinental Terminals is a cof- fee and cocoa warehousing business that has called 200 Middlesex Ave. home since January 2016. Over its time at 200 Middlesex Avenue, the company has leveraged the property’s adaptability and its nearby sea, rail, air and road connections to provide superior service to its national and in- ternational clients. “It’s safe to say that finding over 400,000 s/f of prime in- dustrial space in a market like Carteret is virtually impossi- ble in the current market,” said Perkins. “In such a competitive market, institutional inves- tors continue to be extremely well-positioned to create value from strategic leasing of their assets. We were happy to help them negotiate a deal that would keep a long-term tenant in place while also capitalizing on the strong market.” MAREJ

NOV. 18 - DEC. 22, 2022

HI-LIGHTS Bussel Realty Corp. leases 62,802 s/f at 60 Leonard Street

200 Middlesex Ave.

Todd, Somple and James pro- vided advisory services to the institutional owner during the acquisition of the property in 2016.

Owned by a leading institu- tional real estate investor, 200 Middlesex Avenue features a highly strategic location less than two miles from Exit

12 on the New Jersey Turn- pike with easy access to Port Newark–Elizabeth Marine Terminal and Newark Liberty International Airport. Perkins,

JLL closes $96.5M sale and financing of multi- housing community in Philadelphia area

PHILADELPHIA , PA — JLL Capital Markets has closed the $96.5 million sale and acquisition financing of Valleybrook at Chadds Ford, a 352-unit, value-add multi- housing community in Chadds Ford, Delaware County. JLL marketed the property on behalf of the seller, a real estate fund advised by Crow Holdings Capital. FPA Multi- family acquired the asset. Constructed in 2002, Val- leybrook at Chadds offers 144 one-bedroom, 166 two-bed- room and 42 three-bedroom units, averaging 992 square feet. Units feature nine-foot ceilings, patios or balconies, full-size washers and dryers, along with granite/quartz countertops and stainless steel appliances in renovated units. Community amenities include a newly renovated two-story clubhouse, equipped with a business center, yoga studio, state-of-the-art fit- ness center and wi-fi lounge. The property also features


IMC Construction celebrates grand opening of new office in Edison, New Jersey


Valleybrook at Chadds Ford including the Concord Mall, Brandywine Town Center and the Whole Foods-anchored Glen Eagle Square. Further- more, the property is located in the Garnet Valley School District, which ranks in the 98th percentile in the state of Pennsylvania. Valleybrook at Chadds Ford is located 20

an extensive outdoor ame- nity package highlighted by a resort-style swimming pool, grilling stations and on-site parking garages. Valleybrook at Chadds Ford is located in Chadds Ford, along Rte. 202. The communi- ty benefits from its proximity to several retail destinations,

minutes from Philadelphia and Wilmington, Delaware. The JLL Capital Markets Investment Advisory team representing the seller was led by senior managing direc- tors Mark Thomson and Carl Fiebig, senior director Francis Coyne and director Tyler Margraf. MAREJ




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