M id A tlantic Real Estate Journal — March 2023 — The Best of 2022 — 33D
www.marej.com
The LARGEST LAND LEASE of 2022
Bennett Williams 1740 Lincolnway East Chambersburg, PA
Campbell Commercial Real Estate Legend at Silver Creek Mechanicsburg, PA
Lee & Associates New Jersey 145 Industrial Drive Jersey City, NJ
Brokers: Blake Shaffer, Brad Rohrbaugh, & Chad Stine Size: 2.05 Acres This redevelopment project includes over two acres of land along a busy retail corridor in Chambersburg, Franklin County, Pennsylvania. WaWa, Inc. leased the site, which sits in front of one of the nation’s most popular retailers, Walmart. Blake Shaffer, Brad Rohrbaugh, and Chad Stine represented both the Landlord and the Tenant in this transaction.
Broker: Arthur Campbell, Jessica Gasper Size: 2.16 Acres
Brokers: Rick Marchisio, Drew Maffey and Will Ziegler Size: 20.25 acres Lee & Associates New Jersey represented Fleet Parking Solu- tions, a nationwide full service fleet parking and management company, in a short-term land lease at 145 Industrial Drive in Jersey City. Brookfield Properties owns the 20-plus acre site.
Legend at Silver Creek, a national senior living residency, leased 2.16 acres of land at 425 Lambs Gap Road, Mechanicsburg. The residence offers support for independent residents, personal assistance, and specialized memory care. With over 75 personal care apartments and 20 memory care apartments, the residence also offers recreational areas, gardens, dining rooms, physical therapy rooms and daily activities. Wohlson, the general contractor, has begun work with completion scheduled for July 2023.
The LARGEST LAND SALE of 2022
GREA Mid-Atlantic (formerly Rittenhouse Realty Advisors) 650 Fairmount Ave., Philadel phia
Cushman and Wakefield Meadowlands Logistics Center Secaucus, NJ
The Blau & Berg Company 891 Newark Ave Elizabeth, NJ
Brokers: Andrew J. Merin, David W. Bernhaut, H. Gary Gabriel, Brian J. Whitmer, Kyle B. Schmidt, Frank A. DiTommaso Size: 62.5 acres Few sites can truly be considered legendary. The Meadow- lands Logistics Center, more commonly known as the Mori Site, evaded local and national developers alike for several decades. Originally owned by horse-track and casino devel- oper Eugene Mori, the site had been embroiled in a conten - tious Hollywood-style estate battle for many years. Totaling 160 acres, the Mori Site was one of the largest undeveloped tracts of land in the sought-after Meadowlands Industrial Market. The site was further complicated by a challenging political dynamic, a complicated environmental history, soupy Geotech and a non-conforming zoning.
Broker: Ken Wellar, Corey Lonberger, Mark Duszak Size: 177,809 SF The Property is comprised of 177,809 SF of ground zoned RM - 2 in the Northern Liberties neighborhood of Philadelphia. The approved plans include three separate portions of the develop- ment that combine to encompass the total Project. • Section A calls for 90 market rate and affordable apartment units, 7,000 SF of commercial space and 21 parking spaces • Section B includes 107 townhome units (1,766 SFP Unit) • Section C will add 207 market rate apartment units, 14,000 SF of commercial space and 93 accompanying parking spaces. The Project presents new ownership with a significant opportunity to develop a Class A highly amenitized apartment community in the Northern Liberties neighborhood. This area is characterized by its proximity to I-95 and Center City, as well as critically acclaimed restaurants, shopping, and nightlife.
Brokers: Team of Alessandro Conte, Jason Crimmins, Peter Murano, Michael Schipper Size: 19.75 Acres Joint Venture with Brookfield Properties, DH Properties and Elberon Properties
Made with FlippingBook Annual report maker