8D — March 2023 — The Best of 2022 — M id A tlantic Real Estate Journal www.marej.com The LARGEST MULTIFAMILY PROJECT of 2022 Wohlsen Construction Company 901 Market Tower Wilmington, DE IMC Construction Matson Mill Conshohocken, PA
Size: 430,000 SF Matson Mill is a podium-style apartment building that offers 280 luxury studio, 1- and 2-bedroom units constructed on top of a structured parking garage with 310 spots. Matson Mill features a robust collection of amenities, including a resort-style club room with an entertainment kitchen; a private lounge area; a state-of-the-art fitness center; a dog wash station; on-site bike storage; and an entry lobby area. Outdoor amenities include outdoor courtyards, a resort-style pool, an outdoor kitchen, and outdoor seating areas with fire pits. Matson Mill is adjacent to a SEPTA regional rail station which provides an easy commute to downtown Philadelphia.
Size: 139,000 SF Renovation to repurpose the 901 Market Street office tower building in downtown Wilmington into a full-service apartment complex. The building is comprised of a nine-story wood and masonry structure building joined to a 14-story steel and concrete building. The project includes the transformation of floors two through 14 into 82 units of multi-family housing, creation of rooftop amenity space on the 10th floor, creation of retail and commercial space on the first floor, major façade replacement and renovation, and MEP upgrades
The LARGEST OFFICE LEASE of 2022
Cushman and Wakefield 400-500 Warren Corporate Center Drive
Campbell Commercial Real Estate 4600 Westport Drive Mechanicsburg, PA
Alfred Sanzari Enterprises Glenpointe Teaneck, NJ
Brokers: Robert Donnelly Sr, Robert Donnelly Jr, Paul Giannone, Kevin Carton, Todd Elfand Tenant rep brokers: Jeff Zell and Louis Kluger of JM Zell Partners Location: Warren, NJ PTC Therapeutics’ 361,718 SF lease at Warren Corporate Center was New Jersey’s largest new office/lab lease in 2022. PTC’s new headquarters will consolidate existing facilities into a state-of-the-art campus for the global biopharmaceuti- cal leader. Cushman & Wakefield represented the landlord, Rubenstein Partners and Vision Real Estate Partners, in the transaction. The lease spans two connected buildings that will include offices, collaboration and conferencing spaces and research laboratories. Ownership has repositioned the Warren Corporate Center campus into a best-in-class corporate campus and life-science community for research and development that will provide PTC with the ideal space to optimize employee well-being and productivity.
Brokers: Arthur Campbell, Jessica Gasper Size: 67,000 SF West Shore Home continues to advance their national operations footprint and support team by opening a second headquarters. Plans are in place for three phases of renovation at the 67,000 SF office building located at 4600 Westport Drive, Mechanicsburg. Phase one is compete, as the company’s call center is currently in operation and provides customer assistance nationally. The next two phases of renovation are to support the IT department and human resources department. By expanding a second head- quarters, West Shore Home anticipates adding another 300 jobs to the supporting departments. West Shore Home now operates in 17 states nationwide with 35 branches and counting. The first national headquarters is a 55,000 SF office building located on 3 Crossgates Drive, Mechanicsburg, and opened in 2021 with over 200 employees at the time.
Brokers: JC Giordano of Avison Young represented Univision. Alfred Sanzari Enterprises’ Director and VP of Leasing and Marketing Jerry L. Barta and Carolina Gutierrez, Manager, Leasing and Marketing represented Alfred Sanzari Enterprises in the transaction. A tenant at Glenpointe since 1997, Univision of New Jersey, LLC, signed a 51,492 SF renewal in June 2022 at Glenpointe Centre West, part of the Alfred Sanzari Enterprises’ iconic northern New Jersey Glenpointe corporate campus. Sprawled across a 50-acre campus, Glenpointe offers 670,000 SF of Class A office space fit to suit the unique needs of a variety of businesses such as Univision, who utilizes their space at Glenpointe as a broadcast studio as well as regional offices.
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