12A — October 30 - November 12, 2015 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters

Also negotiates lease on behalf of First Hartford Realty Corporation & CVS/Pharmacy Weiss Realty Co. secures Cvs/Pharmacy for 25-Year ground lease at Berkeley Heights Shopping Ctr. B

Shopping Center,” said Mat- thew Weiss , vice president and licensed real estate broker for Moonachie-based Weiss Realty Co. Inc. “The visibility of the store and demographics of the community are out- standing.” Weiss Realty Co. represent- ed both the developer, First Hartford Realty Corporation and the landlord, Berkeley De- velopment Company, L.P., a family owned limited partner- ship during the negotiations. This is the second CVS/ Pharmacy location that Mr. Weiss has closed for Weiss

Realty Co. He also negotiated a long-term ground lease on behalf of First Hartford Realty Corporation and CVS/Phar- macy for the 13,000 square foot drive-thru pharmacy on a 1.88 acre property located at 80 Piermont Road in Cresskill, NJ. n SVN-Miller Advi- sors bring two Fam- ily Dollar Stores To The Eastern Shore SALISBURY, MD — Mul- tiple SVN-Miller advisors have collaborated to bring two additional Family Dollar stores to the shore; one loca- tion in Salisbury, MD and one in Princess Anne, MD. Senior advisor Henry Han- na, CCIM, SIOR collaborated with advisor Joey Gilkerson to facilitate the sale of .86 acres on the corner of Snow Hill Road and Johnson Road in Salisbury, MD. Hanna represented the sellers and Gilkerson represented Hunt Real Estate, a Family Dollar developer. This will be the fifth Family Dollar location in Salisbury. Gilkerson also represented Hunt Real Estate in the pur- chase of a lot on Mt. Vernon Road in Princess Anne, MD for another Family Dollar devel- opment. SVN-Miller advisors Ben Alder and Chris Davis represented the sellers in this transaction. Both stores are expected to open in March or April of 2016. n MSC Retail brings PhenixSalonSuites To Philadelphia PHILADELPHIA, PA — MSC Retail announced the addition of Phenix Salon Suites, the fastest growing “Salon Suite” concept in the US, to the Bala Cynwyd Shop- ping Center. The high-end studio will occupy 5,120 s/f in the center, located at the in- tersection of City Avenue and Conshohocken State Road in Bala Cynwyd, PA. Stanton Brown , senior vice president of MSC Retail, provides market representa- tion to Phenix in the Greater Delaware Valley region. Bala Cynwyd Shopping Cen- ter is comprised of various retailers, such as Lord & Tay- lor, Acme Markets, and LA FITNESS. n

erkeleyHeights, NJ — Weiss Realty Co. announced that CVS Pharmacy, the second largest pharmacy chain in the United States, has signed a long term , 25-year ground lease at the Berkeley Heights Shopping Center located at 400 Springfield Ave in affluent Berkeley Heights. The new drive-thru phar- macy store is approximately 13,000 s/f, located on a 1.2 acre pad site at the entrance to the 62,000 s/f shopping center. “We are proud to welcome CVS to the Berkeley Heights

CVS File Photo

FANNIE MAE LOAN $152,965,000 10-year fixed, 2 years I/O 2,183-unit multifamily portfolio Mid-Atlantic region

FREDDIE MAC LOAN $39,204,000 10-year fixed, 4 years I/O 310-unit mid-rise apartments Falls Church, VA

FHA 232/223(F) LOAN $23,691,700

CONDUIT LOAN $28,400,000 10-year fixed, 2 years I/O 264-unit garden apartments Delmar, DE

35 years fixed-rate, non-recourse 180-bed skilled nursing facility Sayville, NY

Building relationships is important.

Understanding what’s important. At M&T, we know that growing and maintaining strong relationships with our customers truly matters. This is how our experienced origination, underwriting and asset management teams provide financing solutions that meet each borrower’s unique needs. And our customers like the way we do business. We’re proud that 75% of our new business comes from repeat borrowers. 1 Find out how you can become one of them.

Contact us at 1-800-737-2344. mandtrealtycapital.com

1Basedon internalcustomerdata. All loansandall terms referencedhereinaresubject to receiptofacompleteapplication,creditapprovalandotherconditions. ©2015 M&T Realty Capital Corporation. Equal Housing Lender.

Made with FlippingBook - Online Brochure Maker