6B — August 30 - September 12, 2013 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal
www.marejournal.com O WNERS , D EVELOPERS & M ANAGERS During expansion of The Jubilant Cadista facility Gillis Gilkerson anticipates adding 85 construction jobs
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ALISBURY, MD — When pharmaceutical firm Jubilant Cadista
Gilkerson’s knowledge of the market and experience devel- oping both industrial and of- fice properties made them the right choice for Cadista,” said Ward Barney, COO of Jubilant Cadista. Gillis Gilkerson, currently celebrating its 30th anniversa- ry, sees the 96,720 s/f expansion as an excellent opportunity to bring jobs to the market, con- struction and long-term. “Every time a company such as Jubilant Cadista decides to locate or expand here, it is validation for our region,” said Dwight Miller , president,
Gillis Gilkerson. “We are very excited to begin this project with Jubilant Cadista and look forward to developing a facility that seamlessly blends a formal headquarters office with production, packaging and distribution under one roof.” Miller projects that in addi- tion to the estimated 200 jobs Jubilant expects to add over the next five years, the construc- tion portion will include more than 85 jobs through the close of 2014, including carpenters, electricians, plumbers, archi- tects, engineers, space plan- ners, inspectors and more. In addition, he notes that many local businesses, such as con- struction suppliers, restau- rants, hotels and service com- panies will experience a posi- tive indirect impact from this project. The entire project is expected to be completed by the fourth quarter of 2014. AWB Engi- neers is the architect/engineer of record. ■ MANTUA, NJ — Long & Foster Real Estate, Inc. an- nounced that it has acquired Hanco Property Manage- ment and Real Estate, Inc. Located at 1132 Mantua Pike in Mantua, Hanco Property Management and Real Estate is a full-service real estate company specializing in prop- erty management services throughout the southern NJ region. “We are committed to con- tinuing to serve and grow the Long & Foster brand throughout southern NJ,” said Jeff Detwiler , presi- dent and chief operating officer of The Long & Foster Companies. ■ Long & Foster acqu i r e s Hanco Prop. Mgmt. & RE MANASQUAN, NJ — Si- tar Realty Company sold a 32-unit apartment com- plex at 197 Parker Ave. in Manasquan. The complex was sold by Ronald Schrader, Jr. , VP, who represented both the seller, Thomas Saboy, and the purchaser, Manasquan Village Apartments, LLC in the sale. ■ Sitar Realty Co. sells 32-unit apartment complex
began plan- ning to more than double the size of its manufactur- ing facility last year, it imme- diately dem- onstrated its commitment
Dwight Miller
to “buying local” by naming Gillis Gilkerson construction managers. “After a lengthy review of a number of proposals, Gillis
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