6C — March 25 - April 14, 2016 — The Best of 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
The LARGEST OFFICE SALES of 2015
Cushman & Wakefield NJ One Verizon Way Basking Ridge, NJ
Bennett Williams 1300 Bent Creek Blvd. Mechanicsburg, PA
The Kislak Company Kearny Medical Center Kearny, NJ
Size: 1,364,203 s/f Brokers: Cushman &Wakefield’s MetropolitanArea Cap- ital Markets Group (East Rutherford, NJ) - Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer One Verizon Way houses a full range of business- es within Verizon Communications and also serve as headquarters for Verizon Wireless. In May 2015, Cushman & Wakefield orchestrated its sale to Escrow Realty Sale-Leaseback, Inc. As part of the transaction, Verizon leased back the entire, 1.4 million-square-foot campus for 20 years. This transaction represented the largest office sale in New Jersey history, and one of the largest single-tenant suburban office transactions ever completed in the United States. Additionally, the sale value represents one of the country’s highest sale prices per square foot of any suburban sale-leaseback.
Size: 114,200 s/f Brokers: Matt Weilheimer, Barry Waisbrod
Size: 16,000 s/f Brokers: Chad Stine, Brad Rohrbaugh This two story class A office building was sold as an investment property. Chad Stine Brad Rohrbaugh The property is a major healthcare facility in Ke- arny and sits on 2.28 acres. The property was built in the 1930’s and had additions installed in the 1950’s and 1960’s. It was updated in the 90’s and in 2007. There is a five story on-site parking garage containing approximately 360 spaces. Kislak represented both parties in the off-market sale of this medical facility which is among the largest in Kearny. The LARGEST MIXED-USE PROPERTIES in 2015
Newmark Grubb Knight Frank One Franklin Plaza Philadelphia, PA
Marcus & Millichap The Learning Experience Woodbridge, NJ
NAI Summit 2131 & 2301 Hanover Ave. Allentown, PA
Ben Sgambati
Alan Cafiero Greg Babaian
Size: 1.26 acres Brokers: Ben Sgambati, Alan Cafiero, Greg Babaian
Size: 48,032 s/f Broker: Frank Smith • Two Flex Buildings: 5,354 sf set on 1+ acre & 35,793 sf set on 2.4 acres • Multiple drive in doors in both buildings • B3 Zoning allows for multiple uses • Highly visible with frontage on busy Hanover
This fully leased mixed used property consists of a “The Learning Experience” daycare center and 12 luxury apartments. Built in 2014, this property rest on 1.26 acres of land and is steps away from the Wood- bridge New Jersey Transit train station in downtown Woodbridge. Many national retailers are located near- by. It also offers easy access to the Garden State Park- way, New Jersey Turnpike, Routes 1 & 9 and 35.
Size: 607,474 s/f Brokers: Michael Margolis, David Dolan, Brett Segal One Franklin Plaza was previously the headquar- ters of GlaxoSmithKline. The buyer (PMC) intends to convert the vacant tower into a mixed-use project with office, multifamily, and ground floor retail.
Ave - 43,724 vehicles per day • Office space in both buildings
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