4A — December 12 - 18, 2014 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal 40,000 s/f Saint James Square shopping center Katz Properties announces $4.1 million acquisition
H
AGERSTOWN, MD — Katz Properties of New York has ac-
quired the 40,000 s/f Saint James Square shopping center in Hagerstown for $4.1 million. Saint James Square, located at the intersection of Sharps- burg Pike and College Rd., is currently 100% occupied and is anchored by a 33,000 s/f Food Lion supermarket. The property is 5.74 acres and is located approximately one mile from I-70. Saint James Square is Katz Properties’ third recent ac- quisition in Maryland, joining Giant at Milford Mill in Balti-
Saint James Square
more County and Golden Ring Plaza in Rosedale. Daniel Katz , a principal of Katz Properties said, “We continue to actively seek op- portunities in Maryland, even away from Baltimore County and Metro DC, and remain focused on deals with strong fundamentals, ideally grocery anchored shopping centers.” Eric Wolf , a managing director of Katz Properties, said “We have solidified our local management presence around our growing portfolio, and we’re well positioned to continue expanding in this region.” Mortgage financing for Saint James Square was arranged by Tim Breda of Goedecke & Co . Paul Rumley of Met- ro Commercial Services represented the seller in the transaction. Leasing and property man- agement services will be pro- vided by Winslow Property Management , an affiliate of Katz Properties. n PWC Holiday Gala honors three NEW YORK, NY — On Friday, December 5, 2014, Professional Women in Construction (PWC) will usher in its 35th anniver- sary at its annual Black Tie Holiday Dinner Dance gala at The Yale Club Ballroom, 50 Vanderbilt Ave., in New York City from 7 pm until midnight. The event will pay tribute to guests of honor Jeannie Kwon , chief of staff, MTA Capital Construction and Caroline Weiss , associate principal, Weidlinger As- sociates . Special guest will be Michael Horodniceanu , president, MTA Capital Con- struction. n
A ttention owners of commerciAl & investment reAl estAte
Has your lender called your loan? Is your property underwater? Do you have negative cash flow? Is your loan in workout? We’ve been there before!
Our Specialties : Real Estate Crisis Management, Restructuring, Discounted Note Purchase Financing, Workouts, Modifications, and Bankruptcy Support
GFCIB andAdvisors, LLC Real Estate&Financial Restructuring Call 215-947 2974 Ext 237 GFCIB.com - Email: JackMiller@GFCIB.com All Initial consultations are FREE
Made with FlippingBook - Online magazine maker