4B — November 23 - December 13, 2018 — New York Deal Making — Shopping Centers — M id A tlantic

Real Estate Journal


N ew Y ork D eal M aking

OBYHANNA, PA — KW Commerc i a l , The Daniel Perich Carriage Square is a 16-unit, 65,000 s/f shopping center anchored by Rite Aid and Aaron’s KW Commercial, The Daniel Perich Group facilitates sale of Carriage Square Shopping Center T 65,000 s/f shopping center an- chored by Rite Aid and Aaron’s located in Coolbaugh Twp.

Tenants in- clude Family Dollar, H&R Block, Sub- way, pizze- ria, tobacco s t ore , ha i r sa l on , and Chinese res- taurant. The

Group an- nounced the sale of Car- riage Square at 674 Rte. 916 in Toby- hanna. Man- aging direc- tor, Daniel P e r i c h ,

Carriage Square

Robert Velez

Daniel Perich

numerous opportunities for recreation including the Toby- hanna State Park. The major 5 points intersection of State Rtes. 611, 940 and 196 is three

miles south of this property. Nearby area attractions include Kalahari Resorts, Pocono Man- or Resort, Great Wolf Lodge and Mt. Airy Casino Resort.

Sanofi Pasteur, Pocono Moun- tain School District, and The Crossings PremiumOutlets are also in close proximity. Major area developments include the proposed $400 million Pocono Springs Entertainment Village and 130,000 s/f expansion of Kalahari Resort’s convention center. The buyer, a regional invest- ment group, plans on bringing a new management approach to the center. In addition to investing in the current struc- ture, they have hired an en- gineer to work on expansion plans in order to attract larger tenants to serve the local com- munity better.  TH Real Estate Appoints Martin as co-head of its US Retail Platform BOSTON, MA — TH Real Estate , an affiliate of Nu- veen (the investment man- head John Ragland in lead- ing the company’s dedicated retail sector investment team and overseeing all retail equity acquisitions, dispositions and asset management in the US. After a 40-year career in real estate, Ragland will retire in February 2019. Martin is an 18-year real estate industry veteran with deep acquisition and asset management expertise in the European, US and Lat- in American retail areas. As co-head of the US retail strategy, Martin will help to lead of team of investment and operations professionals that provide deep specialist investment expertise in the retail sector.  Manuel Martin agement arm of TIAA), has a p p o i n t e d M a n u e l Mart in as co -head o f its US Re- tail Sector platform. He joins US co-

shopping center is situated at a lighted intersection surrounded by Pocono Farms residential development. Coolbaugh Township offers

CCIM along with Robert Velez of KW Commercial, The Daniel Perich Group facilitated the transaction. Carriage Square is a 16-unit,

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