18B — December 13 - 26, 2019 — IOREBA — New Jersey — M id A tlantic
Real Estate Journal
IBS appoints Lehman as VP of sales & marketing
WCRE'sWolf rep. tenant in lease at 3906 ChurchRd., Mount Laurel Colliers Int'l. secures 70,000 s/f lease on Scudders Mill Rd. P
accounting platform and an outgrowth of the 40-year-old firm’s popular “legacy” sys- tem; and Acumatica Construc- tion Edition, a comprehensive enterprise resource planning (ERP) system designed spe- cifically for the construction and development vertical. Both products support easy integrations with best-in-class software addressing various real estate-related tasks. Lehman previously held vice president and senior sales positions with Viewpoint Con- struction Software and prede- cessor firms Maxwell Systems and Colonial Systems. During this 21-year tenure he suc- cessfully guided sales teams through multiple acquisitions, and amassed a track record for significantly expanding product sets and customer bases. A long-time member of the Construction Financial Management Association, Lehman earned a bachelor’s degree from the University of Virginia and an MBA from Penn State University. In addition to servicing and growing its Imperium Powered by Acumatica and Acumatica Construction Edi- tion client bases, IBS today continues to support the doz- ens of regional commercial and residential real estate owners and operators using its legacy property manage- ment/accounting software. Additionally, IBS’s Managed IT Services division offers comprehensive consulting, design, installation and sup- port services. The company has emerged as a leader in the areas of business continuity and cybersecurity. 16,000 s/f, with both expected to open in the third quarter of 2020. Ulta signed for 8,500 s/f, while The Paper Store took a 7,500 s/f space that will include a 2,000 s/f mezzanine. In ad- dition to a licensed Hallmark card shop, the multi-branded gift shop will offer party sup- plies, gift wrap, books, toys, handbags, jewelry and other fashion accessories. R.J. Brunelli CEO and prin- cipal Ron DeLuca repre- sented the landlord on the Ulta lease, with the tenant represented by David Szabo of BKR Retail Services . R.J. Brunelli president and principal Danielle Brunelli represented the landlord on The Paper Store lease.
TOTOWA, NJ — Com- mercial real estate technology firm Integrated Business
LAINSBORO, NJ — Colliers Internation- al Group Inc. has se- cured a long-term lease within Princeton Forrestal Innovation Park located at 777 Scudders Mill Rd. in Plainsboro. The new tenant, a subsidiary of specialty chemicals company Croda International, will relo- cate its U.S. headquarters to 70,000 s/f of office space at one of the property’s class A build- ings for the next 10-plus years. A Colliers International team led by Charlie Hatfield , executive managing director, New Jersey Life Sciences Practice Leader, along with associate director Brett In- collingo and Tom Romano , managing director at JLL , represented the landlord, Trawler Capital Manage- ment , in the transaction. Jeff Garibaldi and Jackie Mad- den of The Garibaldi Group represented Croda Inc. The property consists of three, five-story, 220,000 s/f office buildings that were de- signed by The Hillier Group . “Croda Inc.’s relocation of its U.S. headquarters comes on the heels of a similar transac- tion for Genmab, a clear indi- cation that Princeton Forrestal Innovation Park is attractive to these types of tenants,” HOPEWELL, NJ — Geo- syntec Consultants has leased 8,886 s/f at Lindy Communities’ Princeton Place at Hopewell, in a long-term transaction orches- trated by Cushman & Wake- field . The global environmen- tal consulting and engineering firm will relocate its regional office from Ewing, to the three- building, class A office campus in a flight-to-amenities move. Cushman & Wakefield’s Todd Elfand, Kevin Car- ton, Paul Giannone and Joe Vacca , based in the commer- cial real estate services firm’s Iselin office, represented Lindy Communities as long-time leasing agents for Princeton Place at Hopewell. Geosyntec Consultants was represented by Steve Tolkach from New- mark Knight Frank . “ P r i n c e t o n P l a c e a t Hopewell’s trophy-quality space, amenity package and state-of-the-art infrastructure were major draws for Geo- syntec,” Elfand noted. “The property’s 550-acre, collegiate
S y s t e m s ( IBS) has announced t h e a p - po i n tmen t o f Dan i e l Lehman as vice presi- dent of sales and market-
ing. The industry veteran brings more than two decades of construction and property management tech experience to the Totowa-based company. According to Michael Mul- lin , IBS president, this ex- ecutive-level addition ties to increased opportunities and stepped-up demand for real estate technology solutions that enhance productivity and profit margins. “This is an exciting time in the commercial real es- tate tech arena,” Mullin said. “Today’s robust, cloud-based applications are targeting in- dustry-specific needs – bring- ing mobility and transparency to construction and property management enterprise ac- counting, and easing historic ‘pain points’ like effective office/field communication, project estimating and time reporting. With the increas- ing influence of a tech-savvy generation in c-suite decision- making, there exists extraor- dinary potential for estab- lished companies like IBS.” To that end, Lehman will oversee sales and marketing for IBS’s two core products: Imperium Powered by Acu- matica, a proprietary, cloud- based property management OLD BRIDGE, NJ — R .J. Brunelli & Co., LLC an- nounced the recent completion of leases with Dollar Tree, Ulta Beauty, Code Ninjas and other national chains, as well as the sale of a freestanding restau- rant site, in various parts of New Jersey. The Old Bridge-based retail real estate brokerage’s activity was highlighted by continued progress on The Parke at Ham- burg, a new 50,150 s/f center in Wayne that’s expected to be 100%-leased upon opening in the third quarter of 2020. In its latest transactions as exclu- sive leasing agent for the Pas- saic County property, the firm completed leases with Ulta and The Paper Store for a total of
777 Scudders Mill Rd.
said Hatfield. “In each case, these companies conducted an exhaustive search and vetted the buildings and complex with their architects and engineers to affirm that the complex was built to a standard that far exceeds that of other class A buildings in the market. The construction of new amenities, a pastoral setting within Princ- eton University’s Forrestal Campus and an ideal location set this campus apart. The building’s ownership group is comprised of sophisticated and transaction-oriented profes- sionals who understand how to offer value to multinational tenants by making improve- ments designed to help them
attract and retain a strong employee base.” In Mount Laurel, Evan Zweben , of Colliers concluded a long term lease at 3906 Church Rd. on behalf of the owner. When the current owner purchased it in 2011, 3906 Church Rd. was fully leased to American Water. Upon their consolidation and relocation to Camden as part of a New Jersey Grow incentive pack- age in 2019, the property was unexpectedly facing a 27,600 s/f vacancy. A broad market- ing campaign was conducted by Colliers. The tenant was represented by Jason Wolf of WCRE .
Cushman & Wakefield brokers flight-to- amenities lease at Hopewell trophy campus
R.J. Brunelli &Co. announces latest lease and property sale deals
campus-style environment – punctuated by pedestrian rock bridges, ponds and greenways – includes a 1.5 mile jogging trail, two ball fields, volleyball courts, basketball courts, ten- nis courts and a fitness center. It truly rivals anything in this market.” Elfand added that Geosyntec Consultants will take advan- tage of a distinctive branding opportunity and Princeton Place at Hopewell’s building design flexibility to create a high-profile, optimal working environment. Geosyntec works
with private and public sector clients to address new ventures and complex problems involv- ing the environment, natural resources and civil infrastruc- ture. “We’re proud that Geosyntec has chosen our development to be their new home,” said Elaine Lindy, partner of Lindy Com- munities. COO Brian Kroker added, “Geosyntec Consultants is a highly-regarded leader in scientific and engineering technology, and we’re excited to welcome them to the Princeton Place campus.”
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