24B — March 2026 — Best of 2025 — M id A tlantic Real Estate Journal
www.marej.com
The BEST NON-PROFIT PROJECT of 2025 Wohlsen Construction Company North Wilmington Library Think Do Hub Wilmington, DE Jarmel Kizel Architects and Engineers West Essex YMCA Livingston, NJ
Size: 54,000 SF
Size: 24,000 SF Construction management services for a new two‑story, 24,000 s/f community hub expanding the North Wilmington Library. The project delivers flexible program spaces, including a theater‑ready multipurpose room, maker space, recording studio, demonstration kitchen, teen collaboration areas, café, wellness spaces, and rooftop terrace. Work included detailed coordination of complex architectural features, custom millwork, advanced acoustical systems, and specialized mechanical and electrical components. The team overcame schedule impacts from supply‑chain delays, environmental site constraints, and utility relocation challenges through proactive planning and redesign efforts. The completed facility provides adaptable, multi‑use spaces that support learning, creativity, and community engagement. JLL Capital Markets Harborside 8 Jersey City, NJ The MOST UNIQUE FINANCIAL DEAL of 2025
The new West Essex YMCA project represents a major community investment, with a 54,000 s/f facility planned to replace the aging 24,000 s/f building. The development will expand wellness, aquatics, youth programs, and community space, supported by partnerships among the Metropolitan YMCA of the Oranges, local government, donors, and financial institutions. The project officially broke ground on June 2, 2025, marking the start of construction on a state of the art center designed to serve future generations. Located at 304 S. Livingston Avenue, the new facility is expected to open in late 2026 and strengthen community engagement for decades to come.
The Dougherty Team of Marcus & Millichap The BEST RETAIL TEAM of 2025
Derrick Dougherty
Scott Woodard
Mark Krantz
Size: 678 Units Borrower: Panepinto Properties and AJD Construction
Nick Geaneotes
Colin Reder
Jacob Haslach
Financier: Kennedy Wilson (senior) and Affinius Capital (preferred equity) JLL Capital Markets secured $306 million in senior financing and $78 million in preferred equity for the construction of Harborside 8, a 678-unit luxury multi-housing development along the Hudson River Waterfront in Jersey City, New Jersey. JLL represented the borrower, Panepinto Properties and AJD Construction, and sourced a structured capital solution with Kennedy Wilson providing senior financing and Affinius Capital arranging preferred equity. Harborside 8, located at 242 Hudson St. in Jersey City’s waterfront neighborhood, offers unparalleled access to Manhattan via a five-minute walk to mass transit options including the Exchange Place PATH station and Paulus Hook Ferry.
The Dougherty Team achieved a dominant $169M in Mid-Atlantic sales volume in 2025. Our expertise spans grocery-anchored centers, medical offices, and complex redevelopments. By combining institutional-level execution with deep local market intelligence, we consistently unlock value in high-barrier submarkets, solidifying our position as the region’s premier retail investment specialists.
Made with FlippingBook - professional solution for displaying marketing and sales documents online