2A — January 27 - February 9, 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant/Graphic Artist ............................... Julie King Associate Publisher ....................................................... Kim Brunet Associate Publisher .............................................. Barbara Holyoke Associate Publisher .....................................................Steve Kelley Associate Publisher ..................................................Lea Christman Office Manager .........................................................Joanne Gavaza Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 29 Issue 2 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
Prime Properties in Southern New Jersey Available For Lease
Brian Banaszynski
Heller Industrial Parks completes +/- 5m s/f of leases in 2016 e l l e r I ndu s t r i a l Parks , one of the na- tion’s largest privately- held distribution center owner/ manager, announced that it completed 52 transactions involving +/- 5 million s/f in 2016. “Heller’s portfolio, while maintaining a 100% occupancy rate, experienced a high-level of activity in 2016, even after a record year in 2015,” said Brian Banaszynski, president of Heller. “While we renewed a large majority of expiring leas- es, Heller’s quality buildings at very competitive rents attracted over 1.25 million s/f of new leases and expansions prior to any space being vacated, as ten- ants sought to secure space in very tight market conditions.” Heller’s in-house leasing team of David Paster and Fred Kurtz worked closely with the following brokers in 2016: • JLL : David Knee , Joel Lubin • C&W : Chuck Fern , Ja- son Barton , Jason Gold- man , Frank Caccavo , Ste- phen Elman , Larry Casey , Robin Ritter-Ceriello • CBRE : TimVogds , Steve Beyda • Lee & Associates : Rick Marchisio , Crista Bartolo- meo , David Saltzman • NAI Dileo Bram : Rich Galuppo • Weichert Commercial : Tony Baseil • Team Resources : Greg Sholom • Lance BramCommercial : Joe D’Agostino , Lance Shalit H
Whitesell Properties >> Industrial >> 1050 Thomas Busch Memorial Highway, Pennsauken, NJ
PRIME PROPERTY FOR LEASE 1050 THOMAS BUSCH MEMORIAL HIGHWAY
• Exceptional 47,591 SF Single-tenant Warehouse / Manufacturing Building • 24’+ Clear height, 1200 Amp Electric, T-5 Lighting, and Skylights • 6 Tailgates, 2 Drive-ins, and 94 parking stalls. • Prime Logistics Opportunity minutes from Downtown Philadelphia, I-95, I-295, NJ Routes 38, 70, US Route 130, and NJ Turnpike Exit 4
856-764-2600 | www.whitesellco.com | Commercial Office & Industrial Real Estate Proudly Serving Southern New Jersey for Over 50 Years
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
Alston Construction..................................................................................11B American Architectural Window & Door..................................................1B Arco...........................................................................................................21A AW Meyer.................................................................................................21A Azarian Realty Co.. ..................................................................................10A Bernardon...................................................................................................9C BlueGate Partners....................................................................................21A Capitol Aerials............................................................................................2B Capstan Tax Strategies............................................................................11C Carl Berger Associates.............................................................................12A CCIM PA/NJ/DE.........................................................................................1A Cervelli Real Estate & property Management.......................................14B Coldwell Banker Commercial..................................................................21A Commercial Mortgage Capital.................................................................15C Crystal Window & Door Systems............................................................10B Cushman & Wakefield.............................................................................17C DesignPoint.................................................................................................8B E.B. Cohen................................................................................................17B Elliott-Lewis...............................................................................................7B Environmental Systems...........................................................................21A Foliage Design Systems...........................................................................12B Fowler. ......................................................................................................18B Gacek Design Group.................................................................................10C Gebroe-Hammer Associates.....................................................................21C Green Partners.........................................................................................21B GREP.........................................................................................................13A Greystone..................................................................................................13B High Construction Co.................................................................................6B Hillcrest Paving & Excavating................................................................21A Institute of Real Estate Management............................................24-IBC-B Integrated Business Systems. .................................................................16B Investors Real Estate Agency..................................................................21A Kaplin Stewart...........................................................................................3C Kay Commercial Realty...........................................................................21A Kent County, MD. ....................................................................................14A Landolph Development............................................................................21A LEW Corporation. ....................................................................................20B Lucern Capital Partners....................................................................... BC-C M. Miller & Son..........................................................................................5B Marcus & Millichap.............................................................. 21A, BC-A, 16C Meridian Capital Group..........................................................................IC-C Poskanzer Skott Architects........................................................................4B Premier Compaction Systems..................................................................23B Prestige Group............................................................................................6C Quality 1st Contracting. ..........................................................................15A RD Management......................................................................................8-9A Redwood Realty Advisors...........................................................................2C Remco Realty Group............................................................................. 4A,7A Riker Danzig Scherer Hyland Perretti......................................................5C Rittenhouse Realty Advisors. ....................................................................1C Sheldon Gross Realty...............................................................................15B Specialty Building Systems....................................................................IC-B Stout & Caldwell........................................................................................3B Subway........................................................................................................6A SVN Motleys...............................................................................................3A The Blau & Berg Company........................................................................7C The Kislak Company..................................................................................8C Total Cleaning Associates Ltd...................................................................2B Whitesell.....................................................................................................2A WithumSmith+Brown, PC.................................................................... BC-B MA REJ A dvertisers D irectory
Tile Shop building – 460 Heller Park Court, Dayton NJ
• Logistics Realty : Bill Hettler • Bussel Realty : David Blitt , Manny Judah • RE/MAX Commercial: Joe Santoro , Pat Tarczilo • Transwestern : John Brewer • Fisher & Company : An- drew Henr y • AJR Commercial : Art Reinitz Highlights of this year’s transactions include: Largest and Highest Value New Deal: The Tile Shop, rep- resented by David Saltzman , new long-term lease in South Brunswick Largest Renewal: Roland Foods, represented by Joel Lubin , renewed and expanded
in South Brunswick “The U.S. and New Jer- sey industrial markets both reached new highs in 2016. Demand continued to outpace supply, resulting in lower vacancy rates and higher rents,” said Banaszynski. “Limited land availability will make it even more chal- lenging for tenants seeking large modern distribution and warehouse facilities. Heller is carefully monitoring the ever- changing market conditions, assessing when to commence the next building at our ap- proved 2.6 million s/f project in South Brunswick (www. hellerparknorth.com), which is within the highly-desirable Exit 8A submarket.” n
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The Mid Atlantic Real Estate Journal is a monthly publication highlighting real estate transactions throughout the Mid Atlantic including : • New developments, ground breakings and reconstruction in the ODM (Owners, Managers & Contractors ) section • Mortgage and banking in our Financial Digest • Retail and new developments in Shopping Centers • Annual spotlights.
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Linda Christman, CEO/Publisher Mid Atlantic Real Estate Journal 312 Market Street • Rockland, MA 02370 P: 781-871-5298 | F: 781-871-5299
• Region specific news and spotlights in our Pennsylvania and New Jersey sections
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