R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
Includes 12 office properties across northern NJ, NY & CT Keystone Property Group to purchase 2.3 million s/f tri-state area portfolio for $230.8m
ISSUE HIGHLIGHTS Volume 26 Issue 6 March 28 - April 10, 2014 PaƩerson-Woods/ CORFAC Int’l. sells office building
ALA CYNWYD, PA and EDISON, NJ — Keystone Property Group and Mack-Cali Re- alty Corporation announced that they have entered into agreements to form various joint ventures whereby Key- stone will purchase 12 office properties owned byMack-Cali throughout NNJ ,NY and CT. Pursuant to the agreements, the portfolio, which totals 2.3 million s/f, will be purchased for approximately $230.8 mil- lion, including $201.7 million in cash with the balance in the form of senior and subor- dinated equity. “This latest deal reflects our aggressive strategy to estab- lish a strong, regional presence by expanding our focus on the creation of differentiated, urban-inspired live-work-play destinations in the context of well-located suburban parks,” said Bill Glazer , president of Keystone Property Group. “The profound impact that technology is having on how today’s professionals work is drastically changing the com- mercial real estate require- ments of modern companies. B
s/f • Three buildings at 470, 400 and 530 Chestnut Ridge Rd. in Montvale, NJ, totaling 200,444 s/f • Soundview Plaza at 1266 East Main St. in Stamford, CT, totaling 179,610 s/f Through its partnership with Keystone, Mack-Cali will participate in management fees for the portfolio and a percentage of value creation above certain hurdle rates, and retain a senior pari-passu equity position at 570, 555 and 565 Taxter Rd. As part of the transaction, Mack-Cali and Keystone will jointly provide leasing representation for the portfolio. “This transaction is another step forward in our strategy to redeploy capital into our multi-family platform, while participating in the upside that will be created by the reposi- tioning of this portfolio,” said Mitchell Hersh , president and CEO of Mack-Cali. “We look forward to building on our partnership with Keystone and further strengthening our market position by drawing on the synergies of our collective expertise and relationships.” tion. “We are thrilled to acquire such an exceptionally well- maintained class A facility that is well positioned to meet the rapidly expanding space needs of e-commerce, retailers, food-users and other distribu- tion users looking for clear heights north of 32’ in a mar- ket with no spec-built facilities able to accommodate these clear height requirements”, said Benjamin Cohen , presi- dent of Endurance. “We are confident that the facility’s highly unique attributes com- bined with its excellent loca- tion and immediate access to the strong York labor market will present us with numerous opportunities to stabilize the asset.”
1266 East Main St. in Stamford, CT
3A
Today’s workplaces need to foster these new and different ways of working in order for companies to remain competi- tive, which means transform- ing the business environment to put greater emphasis on lifestyle and shared, collab- orative spaces that appeal to a wide variety of professionals.” Added Glazer: “We continue to expand our relationship with Mack-Cali, leveraging the strengths of the partner- ship’s distinct capabilities to fill a void in the market for next generation work environments that enable tenants to attract and retain top talent.” The Tri-State office portfolio
that Keystone has entered into agreement to purchase comprises: • Two buildings at 555 and 565 Taxter Rd. in Taxter Corp. Pk. in Elmsford, NY, totaling 344,563 s/f • 570 Taxter Rd. in Elmsford NY, totaling 77,859 s/f • 200 and 220 White Plains Rd. in Talleyrand Office Pk. in Tarrytown, NY, totaling 175,749 s/f • 1717 Rte. 208 North in Fair- lawn, NJ, totaling 150,477 s/f • 30 Knightsbridge Rd. in Pis- cataway, NJ, totaling 686,316 s/f • 412 Mt. Kemble Rd. in Mor- ris Twp., NJ, totaling 477,843
Shopping Centers Featuring Retail Experts
David Binswanger and Michael Treacy of Binswanger represent seller EnduranceRealEstateGroupacquires624,800s/f warehouse/distribution facility totaling $26m+
7-15A
YORK, PA — Endurance Real Estate Group, LLC , (Endurance) announced the acquisition of 325 S. Salem
5-16B
Directory
Shopping Centers ....................... 5-18A Owners, Developers & Managers..SecƟon B POA/MulƟfamily Spotlight ............. 5-16B Green Buildings ............................ 19-25B Best of 2013 .............................. SecƟon C
Upcoming Spotlight April 11, 2014 APPRAISAL INSTITUTE
325 S. Salem Church Rd.
Church Rd., a 624,800 s/f class A bulk warehouse/distribu- tion facility situated in York. Endurance acquired the asset through a joint venture with a commingled fund managed by
American Realty Advisors . The seller, American Sig- nature Furniture was repre- sented by DavidBinswanger and Michael Treacy of Binswanger in the transac-
www.marejournal.com
Inside Cover A — February 28 - March 13, 2014 — Mid Atlantic Real Estate Journal
www.marejournal.com
WHAT DOES OUR HISTORY OF 112,856 LOANS GET YOU? CONFIDENCE. The confidence of having one partner with everything you need for the entire life of your property. We solve the project puzzle by offering innovative lending opportunities, multifamily investment sales expertise with direct access to capital and flexible servicing solutions. CALL 800.446.2226 AND GET THE POWER OF BERKADIA BEHIND YOU.
BERKADIA.COM
Mid Atlantic Real Estate Journal — March 28 - April 10, 2014 — 1A
www.marejournal.com
Celebrating 25 years of serving our commercial real estate clients locally, nationally, and globally.
25 years of local market expertise.
25 Years
25 years of exemplary service.
25 years of trusted relationships.
25 years of locally owned and globally connected firms.
Celebrating our First 25 years.
Here’s to the next 25 years of building strong relationships around the world.
www.corfac.com
View the CORFAC Video
2A — March 28 - April 10, 2014 — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
ABSOLUTE REAL ESTATE AUCTION Thursday, April 17th at 1:00 PM 3 Adjoining Front Street Properties Selling at auction 3 adjoining Harrisburg riverfront mansions, located in the Academy Manor area on Front St. between Division and Manor Streets. This is perhaps the best residential or office development site in the area…with great river views and a com- bined footprint of approximately 1.97 acres. 2901, 2909 & 2917 North Front Street, Harrisburg, PA 17110
Mid Atlantic R EAL E STATE J OURNAL Publisher............................................................................................................ Linda Christman Publisher.................................................................................................................Joe Christman Publisher/Senior Account Executive ...........................................................Elaine Fanning Section Publisher.....................................................................................................Steve Kelley Senior Editor/Graphic Artist .............................................................................Karen Vachon Production Assistant ...................................................................................................Julie King 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. 26 Issue 6 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
M ID A TLANTIC Real Estate Journal
Allen Meccia, Jr. First Bergen Title Agency Insures $1.5 Billion+ of Real Estate Transactions
PREVIEW by appointment, please call to see property!
General Terms: The sale of all real estate shall be in As-Is condition without warranty or representation as to the use or condition of the property. Properties will be offered individually or in any combination, selling ultimately to the highest bidder(s) as individual properties or as combined. A deposit of 10% of the high bid(s) will be due at auction by cash or PA check; out of state checks accepted with bank letter of guarantee (unless approved in advance by auctioneer). Balance at settlement which must be between June 16 – June 20, 2014. Broker Participation offered. Property Information Packet on website or call. Announcements at auction take prece- dence over all printed advertising and materials.
H
ACKENSACK, NJ — First Bergen Ti- tle Agency (First
Bergen) , a full-service agency, insured a total of more than $1.5 billion of real estate fi- nancing and purchase trans- actions in NJ in the past year, announced Allen Meccia, Jr. , one of the firm’s managing members. The residential real estate sector’s rebound was also re- flected in the total, accounting for $1 billion of the transac- tions insured by First Bergen. “The year-long trend was that residential properties were in great demand, and those that did become available drew con- siderable interest from inves- tors,” said Meccia. “We expect that trend to continue in 2014.” Among the residential trans- actions insured by First Bergen – all rental apartment proper- ties – were financings of $95 million in Hudson County; $15.45 million in Bergen Coun- ty; a $15.06 million purchase financed by Fannie Mae and the New Jersey Housing and
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
All-Rite Construction ......... 9A AMC.................................. 12B American Architectrual ..... 1B Arcus Design Group......... 31C Arrow Steel....................... 15B Artois Retail ..................... 11A Benchmarq ....................... 36C Bennett Williams ............... 8A Berger Organization ........ 21C Berkadia .......................... IC-A Binswanger......................... 3C Blau Berg.......................... 11C Boyle ................................. 36C Brasler .............................. 35C Bussel Realty.................... 11C Capitol Aerials ................. 20B Caryl Commercial ............ 35C CMC.................................. 23C Corfac............................... IC-A Create ............................... 20C Cushman & Wakefield..... 17C Cushman & Wakefield....... 7C DMR.................................. 31C Earth Engineering .....10A, 4B Ehrlich Petriello................. 9B Elliot Lewis....................... 21B Entech Digital Controls ... 10B Fowler ............................... 18B Gilbeaux............................ 20B Green Corp. ...................... 22C Haftek ................................. 2B Harvey Hanna.................. 33C HFF................................... 22C Hutchinson ....................... 21B IREM ............................ IBC-B Jennings Auction ............... 2A Jewel Electric ..................... 8B Jottan..............................BC-B Kaplin | Stewart.............. 13A Katz................................... 13C Keystruct .......................... 37C MAREJ A DVERTISERS D IRECTORY Landcore ............................. 6A Landmark......................... 12B Lee & Associates ................ 9C LEW Corp. ........................ 20B M&E Engineer ................. 28C M. Miller & Son.................. 6B Marcus & Millichap .......BC-B Meridian Capital............. IC-C Metro Commercial ............. 4C NAI CIR.............................. 4A NAI Emory Hill .................. 6C NAI Hanson........... 11A, BC-C NAI Summit ....................... 4C Nave Newell ....................... 7A NorthMarq.......................... 1C P. Cooper Roofing ............. 13B PA Dept. ....................... IBC-A PCS ............................... IBC-C POA..................................... 5B Poskanzer Skott Architects 4B Precise............................... 29C Progress ............................ 17B PWC .................................... 2B Rational Contrators ........... 3B RD Management ......... 14-15A Retail Brokerage Directory17A Retail Business Cards...... 16A Rifken & Rosen ................ 16B RRA..................................... 2A RRA................................... 39C SBS ..................................... 7B Singer Financial................. 3A SUBWAY ............................ 6A SVN Motley ........................ 4A The Azarian Group .......... 12A The Kislak Company ....... 24C TPD..................................... 7A Tug ...................................... 3B Warfel ............................... 31C WCRE ................................. 3A Wilkin Gutteplan ............ IC-B
Mortgage Financing Agency in Passaic County; $8 million in Monmouth County; and $7.65 million purchase and financ- ing in Bergen County; among others. The firm also insured more than $550 million of commer- cial transactions – mixed-use, industrial, warehouse/indus- trial and office. “Mixed-use properties also saw continued improvement in demand in 2013,” said Meccia. Major transactions included a $22.5 million financing in Hudson County; a $20 million financ- ing in Bergen County; a $18.35 million construction mortgage
in Bergen County; and $11 million financing, also Bergen County. Other significant transac- tions during 2013 consisted of a $32 million policy by First Bergen, encompassing a single transaction in Bergen County. Warehouse/industrial included $27.75 million for a portfolio in Bergen andMiddlesex counties. “We see increasing momen- tum as the real estate industry continues to rebound from the recession and its after-effects, with the first quarter of 2014 starting off stronger than it has in several years,” said Meccia.
We’ve moved...
Come Visit Us in Our New Suite!
1628 John F. Kennedy Boulevard 8 Penn Center, Second Floor Philadelphia, PA 19103
To advertise, call 1-800-584-1062
www.RittenhouseRealty.com
(215) 454-2852 info@rittenhouserealty.com
MID ATLANTIC Real Estate Journal — March 28 - April 10, 2014 — 3A
www.marejournal.com
M ID A TLANTIC R EAL E STATE J OURNAL Ellis represents seller, Rockford King LLC Patterson-Woods/CORFAC Int’l. sells office building W I LM I NGTON , DE — J. Gregory Ellis, CCIM of
Patterson- WoodsCom- m e r c i a l Properties/ C O R F A C represented the s e l l e r , R o c k f o r d King LLC in the disposi- tion of an office building and adjacent parking lot. Rockford King, an affiliate of a Delaware-based real es- tate investment fund, sold the 5,776 s/f office building located at 1314 N. King St. and the adjacent, nearly half-acre park- ing lot at 1320 N. King St. to separate buyers. WG&S LLP purchased the office building and occupied it earlier this month. Walnut St. Parking Inc. pur- chased the parking lot as an investment. Rockford King had earlier purchased the combined properties froma bank and sub- sequently had the two assets legally sub-divided prior to the dispositions. J. Gregory Ellis ALLENTOWN, PA — Feinberg Real Estate Advi- sors, LLC represented Manu- facturers Resource Center (MRC) in the lease of their new Lehigh Valley location. Cindy Feinberg represented MRC in the transaction. The new facility, which consists of 5,000 s/f of office and meeting space, is located at 961Marcon Blvd., Hanover Township, Le- high County. The multi-tenant facility is also the location of the Lehigh Valley Planning Commission. The co-location of the offices will provide ef- ficiency to economic develop- ment groups in the Lehigh Valley. “We’re very excited about our new facility. It is centrally located and offers our employ- ees and clients convenience and an efficient work environ- ment,” said Jack Pfunder , president CEO of MRC. “We were thrilled to work with Cindy Feinberg on our reloca- tion project. She managed our project perfectly and helped us find exactly what MRC needed for the foreseeable future.” Feinberg Real Estate Advisors , LLC repre s ent s MRC in lease
1314 N. King St.
4A — March 28 - April 10, 2014 — Mid Atlantic Real Estate Journal
www.marejournal.com
M ID A TLANTIC R EAL E STATE J OURNAL 570 Broad in Newark, New Jersey Berger Organization signs new tenant to 12,000 s/f lease N EWARK , NJ — Health Republic In- surance of New Jer-
Historic St. Paul’s College FOUNDED IN 1888 SEALED BID AUCTION SALE WED, APRIL 9
Berger , vice president of The Berger Organization, repre- sented his company, which serves as operating partner for the 200,000 s/f, 15-story office tower. “My client wanted to set its foundation and grow in New- ark, which offers outstanding mass transit access and the quality of life a 24/7 urban hub offers for employees,” Hol- lander said. “570 Broad was a great choice. The location and value are right. Additionally, Health Republic Insurance is rapidly expanding its staff and required a fast move-in time- frame. The Berger Organiza- tion was highly responsive.” Gebroe-Hammer Associates names Pomerantz ‘Sales- person of the Year’ LIVINGSTON, NJ — A proven combination of su- perior client service, deal- Associates Salesperson of the Year Award, the firm’s top honor. Pomerantz, who joined the Livingston, NJ based firm two years ago, was recognized at the firm’s 38th Anniversary Party re- cently held at the Crest- mount Country Club in West Orange. Named in memory of the firm’s late founders, Mel Gebroe and Morris Ham- mer, Salesperson of the Year recognizes one brokerage professional for exceptional, consistent performance. It is a peer-selected award based on a vote of all Gebroe-Ham- mer salespeople. “The key to Debbie’s suc- cess is the hard-earned abil- ity to obtain a high velocity of exclusive listings while cre- ating value-added services for every client throughout the entire real estate pro- cess,” said Ken Uranowitz , president. “She continually focuses on interpersonal and relationship-building skills – both of which are integral, as is the necessity to continually raise the bar.” Debbie Pomerantz structuring and relation- ship-build- i ng s k i l l s have earned D e b b i e Pomerantz the coveted G e b r o e - H a m m e r
sey has committed to12,000 s/f at The Berger Organi- zation’s 570 Broad in New- ark. The non-profit Consumer Operated and Oriented Plan (CO-OP), established through the Affordable Care Act to of- fer health insurance to New Jerseyans, will take occupancy at its new headquarters this spring. Har lan Hol lander o f Cushman & Wakefield’s East Rutherford office orches- trated the long-term lease on behalf of the tenant. Brendan
1) 137± AC Academic Campus with 35 Buildings 2) 23,058± SF Student Center Bldg. on 5.55±AC 3) 434± AC Agricultural Land Adjoining Campus 4) THE ENTIRETY (ALL OF THE ABOVE)
SEALED BID Auction Sale in Four Offerings
motleys.com 877.668.5397 All Sperry Van Ness® Offices Independently Owned and Operated. Powered by Motley’s Auction & Realty Group. BIDS DUE 4/9@3PM PROPERTY LOCATION: 115 College Drive, Lawrenceville, VA 23868 3%PAID TO QUALIFIED BROKERS
VA16
S HOPPING C ENTERS
Real Estate Journal — Shopping Centers — March 28 - April 10, 2014 — 5A
www.marejournal.com
M ID A TLANTIC
Newly built 60,000 s/f Anchor at Belleville Center in NJ Moravec & Stewart of Cronheim Mortgage arrange $8 million financing of ShopRite B
being built. Belleville Center is a 70,450 s/f shopping center, anchored by a newly built, 60,000 s/f ShopRite. The Subject was previously anchored by Path- mark, who vacated the center in 2010. The subject under- went extensive renovations and ShopRite recently opened their doors. This location is op- erated by Nutley Park Shop- Rite, Inc, who also operates the ShopRite in Nutley, NJ. The remaining space is 100% occupied by Pizza Hut, Kelly’s Liquors, and a local jeweler. According to Andrew Stewart , “the developer, who carried the property subse- quent to Pathmark vacating, was patient enough to negoti- ate a mutually beneficial lease with a premiere ShopRite operator and complete a sub- stantial renovation. This is now positioned as a fortress
asset for many years to come.” The Subject has excellent visibility, with 840 feet of frontage, and great acces- sibility, with three points of ingress and egress along the north side of Washing- ton Avenue. There is ample surface parking as well as an underground parking lot with capacity for over 140 vehicles. The underground lot is monitored by surveillance cameras and is serviced by a new shopping cart elevator which provides direct access to the interior of ShopRite. Shoppers took full advantage of the elevator this winter, justifying the additional in- vestment. The three mile trade area surrounding the subject prop- erty houses an estimated 230,000 residents with a median household income of $61,000. patients and families find the comforts of home while simul- taneously benefiting from a state-of-the-art hospice care center. “We are deeply honored that Greenberg Gibbons and Reli- able have generously invested in the future of our organiza- tion,” said Michael McHale, CEO of Hospice of the Chesa- peake.
ELLEVILLE, NJ — Allison Moravec and AndrewStewart have arranged $8.0 million in financing for a ShopRite anchored retail center located in Belleville. The loan, placed with Athene Asset Manage- ment, was structured with a 10 year term and 25 year amortization, with 5 years of interest only payments. The rate was locked 180 days prior to ShopRite opening, allowing the borrower, Belleville Cen- ter, LLC, to take advantage of rates while the ShopRite was
MARCH 28 - APRIL 10, 2014
SPOTLIGHT HIͳLIGHTS Retail Experts 7-15A
Belleville Center, before and after renovations
Hospice of the Chesapeake receives $1 million gift from Greenberg Gibbons and Reliable Contracting
PASADENA, MD — Hos- pice of the Chesapeake an- nounced today it has received a $1 million gift from Green- berg Gibbons Commercial and Reliable Contracting . This gift is an important first step towards funding a 14- bed, Inpatient Care Center in Pasadena, which the nonprofit organization will begin con- structing this year on its new 7-acre campus. Greenberg Gibbons is one of the Baltimore-Washington region’s premier developers of mixed-use, town center and retail properties and Reliable Contracting is Anne Arundel County’s largest site-work contractor. The companies partnered to develop Waugh Chapel Towne Centre, the new 1.2 million s/f, open-air lifestyle center in Gambrills. The proposed new Inpatient Care Center will provide an al- ternative to hospitalization for patients, and their families, who are encountering complex medical needs that cannot be managed at home. Situated in a quiet, peaceful environment,
Shown from left: Rev. Dr. James Kirk, Hospice of the Foundation board member; Brian Gibbons, president & CEO, Greenberg Gibbons; Elizabeth Liechty, chair, Hospice of the Chesapeake Foundation; Jay Baldwin, president, Reliable Contract- ing; Michael McHale, president & CEO, Hospice of the Chesapeake.
The James Balliet Commercial Group
“The Lehigh Valley’s Premier Full Service Commercial Real Estate Company”
• Shopping Center Sales & Leasing • Retail, Office, Medical & Industrial Properties • Distressed Property & Asset Management • Tenant Representation • Business Brokerage • Commercial Land Brokerage • Multi Unit Apartments
ALSO
610-435-4711
BçÝ®ÄÝÝ CÙ D®ÙãÊÙù ....... 16A R㮽 BÙʻ٦ D®ÙãÊÙù ..... 17A
www.lehighvalleycommercial.com
www.marejournal.com
KW Commercial | 40 S. Cedar Crest Blvd.| Allentown, PA 18104
6A — March 28 - April 10, 2014 — Shopping Centers — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
S HOPPING C ENTERS
EST MILFORD, NJ — Marcus & Millichap Real Papeof Marcus & Millichap reps. buyer in $960k sale Marcus & Millichap’s Lombardi brokers $5.305m in retail deals W
• Project Management
• Development Due Diligence & Feasibility Studies
• Agency Permitting
Estate Investment Ser- vices has announced the sale of Bearfort Shopping Village, a 34,438 s/f retail shopping vil- lage located in West Milford. The asset sold for $4,075,000. Michael Lombardi , direc- tor of the net leased property group, inMarcus &Millichap’s New Jersey office, had the list- ing to market the property on behalf of the seller, a private investor. In Morris Plains, Marcus & Millichap has announced the sale of Friendly’s, a 2,428
• Land Development Design
• Construction Phase Services
• Graphic Services
PHILADELPHIA METRO OFFICE: 8614 Montgomery Avenue Wyndmoor, PA 19038 215-836-2510 LANCASTER OFFICE: 1853 William Penn Way, P.O. Box 10368 Lancaster, PA 17605-0368 717-672-0614
PITTSBURGH OFFICE: 201 Penn Center Boulevard, Suite 400 Pittsburgh, PA 15235 412-253-6569
NEW JERSEY OFFICE: 100 Overlook Center, Suite 200 Princeton, NJ 08540 609-920-0268
Bearfort Shopping Village s/f net-leased property has sold for the asking price of $1,230,600 and 6% cap rate. Lombardi had the listing to
Friendly’s
market the property on behalf of the seller. Lombardi also represented the buyer in this transaction. In Hamilton, Marcus &Mil- lichap has announced the sale of Nottingham Plaza, a 8,200 s/f retail property. The asset sold for $960,000. Lombardi and Julienne Pape , associate in Marcus & Millichap’s New Jersey of- fice, had the listing to market the property on behalf of the seller, a private investor. Pape also represented the buyer in this transaction. Levin Mgmt. promotes Frantzman to senior leasing rep. NORTH PLAINFIELD, NJ — Jake Frantzman has been promoted to senior leas- ing representative at Levin Management . The Morris Plains resident joined Levin as a leasing representative in 2007. Frantzman is responsible for more than 1.6 million s/f of gross leasable area throughout Levin’s exten- sive management and leas- ing portfolio. In addition, Frantzman serves as leasing agent for the retail compo- nent of Edgewater Harbor, a mixed-use waterfront re- development in Edgewater. Frantzman obtained his real estate license at the age of 18. He is a member of the International Council of Shopping Centers (ICSC) , as well as ICSC’s “Next Gen- eration” program, designed for real estate professionals who are seeking to develop their careers and build re- lationships in the shopping center industry. In addition, in 2013 he earned ICSC’s Certified Leasing Specialist (CLS) designation, reflect- ing the high standards and expertise required to be a successful shopping center professional.
LANDCOREconsulting.com
We’re looking for sites in PA End Cap, In-line, Free Standing Flexible Space Requirements Retail Opportunities Needed Consistently Ranked #1 Franchise - 45+ Y ear T rack Record
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Local Contacts:
Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com
realestate.subway.com www.subway.com
facebook.com/SDEPA1
E NGINEERING C ONSULTANT S HOPPING C ENTERS S POTLIGHT R ETAIL E XPERTS
E NGINEERING /P LANNING /S URVEY -
M ID A TLANTI c Real Estate Journal — Shopping Centers — March 28 - April 10, 2014 — 7A
www.marejournal.com
Warren Zysman All-Rite Construction
Timothy Carlin Earth Engineering
Ward Mc Masters Earth Engineering
Chad Stine Bennett Williams
Brad Rohbaugh Bennett Willimas
Scott Butler Kaplin | Stewart
Peter Gallichio Remco Realty
Marty Brigstocke, Jaime Lanham and Marty Lastner
Transportation Engineer
Engineers/Planners/Landscape Architects
8A — March 28 - April 10, 2014 — Shopping Centers — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
R ETAIL E XPERTS
verything in our world today is digital, from the food we order to the By Chad Stine, Bennett Williams Realty, Inc. Technology in business creates opportunity for a better-suited location E
just a few clicks of the mouse. Gone are the days when a broker would have to trek to the courthouse for an hour to pull records for a property he or she was listing or selling. Make that a full-day trip if the property in question was located hours from your office. Today, we are able to pull tax records, deeds, and almost any other pertinent information from the internet and save ourselves infinite amounts of time, which is always equal to money in the commercial real estate world. This is one of the primary reasons our company recently
decided to relocate its head- quarters to a much better suited location. Our industry once required us to locate our- selves within blocks of the local courthouse or records archives, thus limiting our freedom to lo- cate our offices where we truly saw fit. Not anymore. Our company made the de- cision to relocate to an office that was better suited for our clients, prospects, agents and employees. So far, produc- tion has increased, employee morale has surged, and we have received infinite positive feedback from our clients and our community. Our company
is confident that we made the right move, thanks in part to technology allowing us to truly choose our location. Besides the proven “time equals money” adage in our in- dustry, technology in business also can save us in the rent department. In many mar- kets, courthouses or archives centers are often located in the center of a thriving downtown area, which usually boast some of the most expensive rents in the market. By having the flexibility to move beyond the immediate area, businesses can relocate to their true de- sired location, which can mean
a more suburban area or an- other part of the city that sees much lower rents or prices. Another added bonus to relo- cating to these areas is often better parking, which equates to easier access for valued and prospective clients. As paradoxical as it may seem, technology is also lead- ing the charge in cultivating and advancing those previ- ously mentioned relationships that are the life blood of our business. Today it is so easy to hop on a competitor’s website and access marketing informa- tion on his or her listings to present to your clients. We no longer have to wait for snail mail to deliver the information to our competitors to then in turn deliver to their prospects. This technology builds on those ever-important co-broke relationships, and also saves time (and thus makes money) in the process. Many people use the “best thing since sliced bread” phrase when describing ev- eryday timesavers, but in our office, we have a common phrase: “It’s the best thing since online tax mapping.” Chad Stine, Bennett Wil- liams Realty, Inc. NORTH BRUNSWICK, NJ — Peter Gallicchio , president of North Bruns- wick, New Jersey based Rem- co Realty Group , is pleased to announce that the firm has recently completed a ma- jor redesign of its corporate website. The new website was built from ground up, using an “expansion module” type sys- tems platform, which provides enhanced and expanded func- tionality for our current use, as well as, any future capabili- ties we may have in mind. This system allows Remco staff members to make real time updates internally, while maintaining proprietary con- trols over the entire site. We now have tremendous storage capacity in our im- age library, allowing us to archive, marketing materials such as; brochures, build- ing photos, site plans, and PDF files. The redesign, also provides the flexibility of expanding our social media presence as the market de- mands. Remco Realty Group launches new web site
payments we ma k e and receive on a daily basis. Commercial real estate is no different. While we still thrive on cultivat- ing the rela-
Chad Stine
tionships that breed business, we find ourselves relying more and more on digital technol- ogy and the internet to make once time-consuming tasks
Real Estate Journal — Shopping Centers — March 28 - April 10, 2014 — 9A
www.marejournal.com
M ID A TLANTIC
R ETAIL E XPERTS
It’s 9 p.m. and your store has a problem. Who do you call?
Retail facilities management doesn’t end with construction.
At All-Rite Construction, we’re not just industry-leading retail contractors — we’re here to keep your stores running optimally from day one to every day after. We know stores inside and out, and our facility maintenance programs are designed keep you protected in any environment, 24/7. All-Rite Construction has been performing service work for our company for the last 10 years. All it takes is one phone call, 24 hours a day, and we get a quick emergency response to our issue. From quality workmanship, professionalism and excellent response time, we have been very happy with the service provided by All-Rite Construction. - Michael Hunter, Regional Maintenance Supervisor - Autozone “ ”
Team up with the retailer’s choice for construction & maintenance.
800-255-7483
www.all-riteconstruction.com
10A — March 28 - April 10, 2014 — Shopping Centers — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
R ETAIL E XPERTS
By Timothy B. Carlin, P.E., Earth Engineering Inc. Spend A Little More, Potentially Save A Lot
M
shear waves travel through the subsurface layers. During the course of a typical geotechnical subsurface inves- tigation test borings are drilled across a site to characterize the soils and rock. An estimation of the density of the soils is in- ferred from the test boring data using the standard penetration test (SPT) rates as measured in hammer blows per foot. The SPT rate, or N-value, can also be used to estimate the seismic Site Class through a procedure described in the IBC. Similarly, other laboratory tests to mea- sure the strength of the soil
can be used to estimate the Site Class. It may seem convenient and cost-effective to use coinci- dental data from the geotech- nical investigation to estimate the seismic Site Class. It is also considered to be an approach which can result in a conserva- tive Site Class estimate - with detrimental cost implications. However, seismic shear wave velocities can be measured, not estimated, using geophysical means for the cost of one day (or even a half day) of testing depending on the size of the site. These methods vary in price and reliability. With the
reliability increasing with the price of the testing. Measuring seismic shear wave velocities using cross-hole seismic techniques between many wells is considered the gold standard, but is also the most expensive. The cross-hole method involves sending equip- ment down one well to transmit waves that are recorded by microphones (geophones) that are sent down separate wells. A second, more cost effective method involves installing a geophone and recorder down a single well while waves are transmitted from the surface. Lastly, the least expensive geophysical method for mea- suring shear wave velocities is completed entirely from the surface. Shear waves are can be actively induced from the sur- face or passively from ambient sources and then recorded by a series of geophones placed on the ground. One day of surface shear wave testing with data crunch- ing and reporting typically costs around $5,000 - $7,000. Depending on the field condi- tions, approximately 5 to 10 acres can be covered in a day. Your geotechnical consultant may employ a geophysicist, or they have a geophysical subconsultant they work with. Although there is no guaran- tee of upgrading the seismic Site Class through shear wave testing, the data is much more reliable, and the cost may only equal a fraction of a percent of the savings to the construction budget. The potential savings may even be more than your geotechnical consultant’s en- tire fee. Earth Engineering Incorpo- rated has successfully recom- mended seismic shear wave analysis to supplement test boring data on numerous proj- ects with the result of upgrad- ing the seismic Site Class. This concept of adding value through intelligent, more comprehen- sive, and technically advanced geotechnical investigation has allowed EEI to add value to several of our larger structure developments. Sometimes it makes a lot of sense to spend a little to potentially save a lot. Timothy B. Carlin, P.E. is a professional engineer with the corporate office of Earth Engineering In- corporated. Mr. Carlin has over ten years of experience managing geotechnical and construction projects.
ulti-story buildings sustain negative cost impacts due to struc-
the costs are per square foot are if the building is designed for a higher seismic rating. What you will find out is that it represents a significant cost to these types of projects. According to the Interna- tional Building Code (IBC) there are six classifications that describe seismic characteristics of the subsurface of a site. The classification ranges from Site class A to F. Site class A is described as “hard rock” and thick layers of soft or loose soil are likely to fall in Site Class F. The six classifications are delineated by how seismic
tural design c a u s e d b y seismic loads. Although we don’t think about our re- gion as being at a high risk of an earth- quake, build- ings need to
Timothy Carlin
be designed according to the code which protects the struc- ture in just such an event. Ask your structural engineer what
CelebraƟng over 20 years of Engineering Excellence!
QUALITY • COMMITMENT • PERFORMANCE
Subsurface InvesƟgaƟons • ConstrucƟon InspecƟon and TesƟng Geotechnical Design & Analysis • Environmental Site Assessments and RemediaƟon • Clean Fill TesƟng • Carbonate Site Assessments Stormwater InfiltraƟon TesƟng • Laboratory Soils TesƟng www.earthengineering.com Corporate Headquarters: 610-277-0880 • Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 • South Jersey: 856-768-1001
Real Estate Journal — Shopping Centers — March 28 - April 10, 2014 — 11A
www.marejournal.com
M ID A TLANTIC
R ETAIL E XPERTS The Artios Retail approach to a well-executed retail program Upfront understanding of the infrastructure requirements
F or commercial develop- ments of any size and character that contain a retail com¬ponent, a proper- ly planned and implemented retail program has the ability to set the tone, not just for that individual project, but for a neighborhood or entire re¬gion. A well-executed re- tail program can create a posi- tive environment of vitality for other businesses to flour- ish. Retail venues can become a center of the commu¬nity for social gathering and celebrat- ing if properly planned and merchandised. Choosing the optimal amount of space, cat- egories, and styles of retailers and restaurateurs servicing a development are key goals of planning and implementing a retail program. To do this correctly, thorough research is required. The Artios approach to cre- ating a retail program starts with an understanding of how
ment venues and attractions along with the impact of hotel clusters. Each of the demand drivers provides certain types of demand for food, retail, and services. The competing retail is considered in developing the retail plan as well, which may include creating a new niche of retail to complement the competing retail in the trade area, or absorb some of the retail demand of the competing retail areas by re- inventing and improving the retail offerings within the new development. Thoughtful consideration of the placement and amount of each merchandising category such as food, entertainment, comparison goods, and service uses within a development are planned to maximize the value of the retail for the develop¬ment. Pedestrian and vehicular traffic pat- terns play a key role in the placement and desirability of
retail space. The retail sales demand gap and analysis of the retail servicing this gap plays a key role to determine the amount of space that should be devoted to retail. Restaurants, in particular, are known for their high fail- ure rate, so this analysis can certainly provide the needed information to plan for a suc- cessful retail component of the development. Important to the planning effort for retail space is an upfront understanding of the infrastructure requirements that retail, and particularly food, entertain)ment and spe- cialty uses need to operate. This planning can lead to substantial cost sav¬ings, if included in the initial design of the project(s). This planning also expands the merchandis- ing choices for the project as well, which can help influence the rate at which a retail de- velopment is fully leased.
Shown from left: Richard Brigstocke, Jamie Lanham and Marty Lastner
time office worker diversity and strength, analysis of the visitor mar¬ket, impact of any university or other schools of higher learning, and the im- pact of very special entertain-
retailers and restaurateurs choose new locations. The analysis includes a thorough review of the demand drivers such as existing and future residential densities, day-
Commercial Real Estate
Consulting & Retail Strategy Services
Shopping Around for a REAL Estate Expert?
p"DRVJTJUJPO p%JTQPTJUJPO p4BMFT p-FBTJOH
ARTIOS RETAIL CONSULTING SERVICES
p5FOBOU3FQ p#VZFS3FQ p-FBTF3FOFXBMT p'JOBODJOH
Artios provides consulting and retail strategy services and has worked for universities & colleges, cities, owner/developers, retailers and other stakeholders. Artios believes that a properly planned & implemented retail program can create a positive environment of vitality for other businesses to flourish and can be a catalyst for a community to grow upon.
Hackensack 201 488 5800 | Parsippany 973 463 1011 | naihanson.com
12A — March 28 - April 10, 2014 — Shopping Centers — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
R ETAIL E XPERTS Prime Retail Spaces Available in New Jersey & New York
ϯ͕ϬϮϰͳϮϲ͕ϰϲϬ^͘&͘s/>> Έt/>>^h/s/ Ή
ϴϰϬͳϱ͕ϯϮϴΈt/>>^h/s/ Ή
ϭ͕ϯϵϬͳϭ͕ϳϮϭ^͘&͘s/>>
Hyde Park Mall Route 9, Hyde Pake, NY
&ŝĞůĚƐƚŽŶĞWĂƌŬ^ŚŽƉƉŝŶŐĞŶƚĞƌ ϭϯϬ^ŬLJůŝŶĞƌŝǀĞ͕ZŝŶŐǁŽŽĚ͕E: 2QO\DUHDVKRSSLQJFHQWHU VWRUHVDQGRI¿FHV SHRSOHLQWUDGHDUHD DYHUDJHDQQXDO ++LQFRPH 1XPHURXVDQFKRUWHQDQWVLQFOXGLQJ 6WRS 6KRS'ROODU*HQHUDO863RVW2I¿FH :HOOV)DUJR%DQN&ROGZHOO%DQNHU'XQNLQ¶ 'RQXWV'DLU\4XHHQ7KH8366WRUH PRUH DFUHVVI*/$6KRSSLQJ&HQWHU SDUNLQJVSDFHV 1RFRPSHWLWLRQQRSRWHQWLDOIRUIXUWKHU GHYHORSPHQWLQWKHDUHD 3DGVLWHZLWKGULYHWKUXDYDLODEOH
EĞƉƚƵŶĞWůĂnjĂ^ŚŽƉƉŝŶŐĞŶƚĞƌ ϮϮϬϬZŽƵƚĞϲϲ͕EĞƉƚƵŶĞ͕E: &RQYHQLHQWO\ORFDWHGPLOHVRIIWKH*DUGHQ 6WDWH3NZ\QHDU$WODQWLF$YHDQG$VEXU\3DUN $IDPLO\FRPPXQLW\FRQVLVWLQJRIIDPLO\KRPHV DQGWRZQKRXVHVZLWKD\HDUURXQGSRSXODWLRQ RIZLWKLQDPLOHUDGLXV /DUJHVXPPHUWLPHSRSXODWLRQLQFUHDVH RIVKRSSLQJFHQWHUFRQVLVWVRI0DUVKDOOV +RPH*RRGVDQG6KRS5LWHRWKHUWHQDQWV LQFOXGH,+237'%DQN6XSHUFXWV'XQNLQ 'RQXWV'HQWDO&OLQLFDQGPRUH $FUHV VI*/$VKRSSLQJFHQWHU SDUNLQJVSDFHV
2QO\DUHDVKRSSLQJFHQWHU %UDQGQHZ6XSHU6WRS 6KRS 'ROODU7UHHRSHQLQJVRRQ SHRSOHLQWUDGHDUHD DYHUDJHDQQXDO ++LQFRPH 1H[WWR+LVWRULF)'5+RPHDQG0XVHXP 1HDUE\9DVVDU0DULVWDQG'XWFKHVV&RXQW\ &ROOHJHV &XOLQDU\,QVWLWXWH 0DMRUUHQRYDWLRQDQGH[SDQVLRQQRZFRPSOHWH VKRSSLQJFHQWHULVEUDQGQHZ DFUHV VI*/$6KRSSLQJ&HQWHU ZLWKSDUNLQJSDFHV
ϭ͕ϲϬϬͳϭϯ͕ϲϱϬ^͘&͘s/>> Έt/>>^h/s/ Ή
ϭ͕ϱϬϬͳϯ͕ϭϬϬ^͘&͘s/>> ΈE t>zZ EKsd Ή
ϲϭϳͳϲ͕ϱϯϲ^͘&͘s/>>
ZĂƌŝƚĂŶĞŶƚĞƌ ϰϮϲZĂƌŝƚĂŶ^ƚƌĞĞƚ͕^ĂLJƌĞǀŝůůĞ͕E: 2QO\DUHDVKRSSLQJFHQWHU (DV\RQRII([LWRIWKH*DUGHQ6WDWH3DUNZD\ 1HDU5RXWHV SHRSOHLQPLOHV DYHUDJH++LQFRPH 7KH/HDUQLQJ([SHULHQFHWRRSHQVRRQLQQHZ VIEXLOGLQJ +LJKGHQVLW\KRXVLQJDSDUWPHQWVWRZQ KRXVHVQHZKRPHGHYHORSPHQWV 5HQRYDWLRQDQGH[SDQVLRQQRZXQGHUZD\ /RFDWHGDWVLJQDOL]HGLQWHUVHFWLRQ DFUHV VI*/$6KRSSLQJ&HQWHU SDUNLQJVSDFHV ([LVWLQJWHQDQWVLQFOXGH :DOJUHHQV)DPLO\ 'ROODU6XEZD\(\H&DUH&HQWHU7KH/HDUQLQJ ([SHULHQFHDQGPRUH 1HZFRPPXWHUSDUNLQJORWRIFDUVDFURVV WKHVWUHHW
tĂůŐƌĞĞŶƐ^ŚŽƉƉŝŶŐĞŶƚĞƌ ϯϵϳZŽƵƚĞϰϲtĞƐƚ͕&ĂŝƌĮĞůĚ͕E: 2QHPLOHZHVWRI:LOORZEURRN0DOO )DPLO\FRPPXQLW\FRQVLVWLQJRIRQHIDPLO\ KRPHVDQGWRZQKRXVHVZLWKDSRSXODWLRQRI ZLWKLQDPLOHUDGLXV $FFHVVWR5RXWHVDQG 3XEOLFWUDQVSRUWDWLRQDYDLDODEOHIURPFHQWHU 2YHUYHKLFOHVSDVVWKLVORFDWLRQ HYHU\KRXUV 0DMRUWHQDQWVLQFOXGH:DOJUHHQV'XQNLQ 'RQXWVDQG PRUH DFUHV VI*/$6KRSSLQJ&HQWHU SDUNLQJVSDFHV &RQYHQLHQWUHDUDFFHVVYLDWUDI¿FVLJQDOWR MXJKDQGOHXWXUQDQG+ROO\ZRRG$YH
tĂƐŚŝŶŐƚŽŶdŽǁŶĞŶƚĞƌ ϮϳϯWĂƐĐĂĐŬZŽĂĚ͕tĂƐŚŝŶŐƚŽŶ͕dǁƉ͕͘E: 2QO\DUHDVKRSSLQJFHQWHU 0DMRUWHQDQWVLQFOXGH $ 3)UHVK6XSHUPDUNHW 5LWH$LG%RZ7LH&LQHPDV6XEZD\DQG7KH 8QLWHG6WDWHV3RVW2I¿FH'XQNLQ 'RQXWV31& %DQN)DQWDVWLF6DPV(\H/HYHODQGPRUH /RFDWHGLQWKHKHDUWRI%HUJHQ&RXQW\1-ZLWK FRQYHQLHQWDFFHVVWRWKH*DUGHQ6WDWH3DUNZD\ DQG5RXWH DFUHV VI*/$6KRSSLQJ&HQWHU SDUNLQJVSDFHV 0HGLDQ+RXVHKROG,QFRPHRI
dŚĞnjĂƌŝĂŶ'ƌŽƵƉ͕>͘>͘͘ dŚĞnjĂƌŝĂŶƵŝůĚŝŶŐ ϲWƌŽƐƉĞĐƚ^ƚƌĞĞƚ͕^ƵŝƚĞϭ͕DŝĚůĂŶĚWĂƌŬ͕E:ϬϳϰϯϮ ǁǁǁ͘ĂnjĂƌŝĂŶŐƌŽƵƉ͘ĐŽŵ WŚŽŶĞ͗ϮϬϭͲϰϰϰͲϳϭϭϭͮ&Ădž͗ϮϬϭͲϰϰϰͲϲϲϱϱͮ ŵĂŝů͗ĂĂnjĂƌŝĂŶΛĂnjĂƌŝĂŶŐƌŽƵƉ͘ĐŽŵ͘
^ŚŽƉƉŝŶŐĞŶƚĞƌƐĂŶĚKĸĐĞƵŝůĚŝŶŐƐƚŚƌŽƵŐŚŽƵƚEĞǁ:ĞƌƐĞLJΘEĞǁzŽƌŬ͗
Raritan Center, Sayreville, NJ 1,600 - 13,650 VIDYDLODEOH ZLOOVXEGLYLGH Montvale Shopping Center, Montvale, NJ Town Plaza II, Orangeburg, NY VIDYDLODEOH ZLOOVXEGLYLGH Plaza K Shopping Center, Woodbridge, NJ Lenox Plaza, West Paterson, NJ The Azarian Building, Midland Park, NJ VIDYDLODEOH Fair Lawn Medical/Professional Building, Fair Lawn, NJ ±VIDYDLODEOH Neptune Plaza Shopping Center, Neptune, NJ VIDYDLODEOH Washington Town Center, Washington Twp., NJ VIDYDLODEOH ZLOOVXEGLYLGH
Rochelle Park Shopping Center, Rochelle Park, NJ VIDYDLODEOH Mountain Plaza, Rockaway, NJ VIDYDLODEOH Fieldstone Park Shopping Center, Ringwood, NJ VIDYDLODEOH ZLOOVXEGLYLGH Hyde Park Mall, Hyde Park, NY VIDYDLODEOH ZLOOVXEGLYLGH :DOJUHHQV6KRSSLQJ&HQWHU)DLU¿HOG1- VIDYDLODEOH ZLOOVXEGLYLGH Milton Shopping Center, Oak Ridge, NJ VIDYDLODEOH
Pine Brook Plaza, Pine Brook, NJ VIDYDLODEOH Allendale Town Center, Allendale, NJ VIDYDLODEOH
Real Estate Journal — Shopping Centers — March 28 - April 10, 2014 — 13A
www.marejournal.com
M ID A TLANTIC
R ETAIL E XPERTS
By Scott Butler, Kaplin|Stewart Negotiating exclusive listing agreements
E
be payable in the event of a lease or sale to any existing tenants or occupants of the property, or to an affiliate of an owner of the property. In the event the owner previously engaged a different broker for the property, the owner should be careful to exclude from the listing agreement any transac- tions for which a commission is payable to the prior broker. Scott C. Butler, Esquire, principal of the Real Es- tate, Business & Finance group of Kaplin Stewart in Blue Bell, PA.
ngaging a real estate broker is a vital step in adding value to
rights are protected prior to executing such an agreement. A broker should confirm that the exclusive listing agree- ment complies with the legal requirements of the state in which the property is located. For example, the Pennsylva- nia Real Estate Licensing Act provides that an exclusive list- ing agreement must contain certain provisions, such as the amount of the commission, the duration of the listing period and certain specific disclosure statements. This Act also includes certain restrictions, such as the listing period not
being longer than one (1) year. The terms of the deal be- tween the owner and the bro- ker should also be specifically set forth in the agreement. The parties should consider the following issues: (i) the length of the listing period; (ii) the amount of the commission; (iii) the timing of the payment of the commission; (iv) whether the commission should be paid if a lease or agreement of sale is executed after the expira- tion of the listing period with a party that was found by the broker; (v) who is responsible for the payment of any co-bro-
kerage fees that are payable to any brokers representing a tenant or purchaser; (vi) whether a commission will be payable to the broker for any lease amendments or renewal terms under the applicable leases; (vii) whether a com- mission will be payable in the event of either the sale or lease of the property, or the sale of interests in the owning entity; and (viii) who is responsible for the marketing costs in list- ing the property. In addition, the listing agreement should indicate whether a commission will
commercial real estate through leas- ing or selling a property. S i n c e t h e broker will be required to invest a s i gni f i cant amoun t o f
Scott Butler
time and effort in marketing the property, most brokers require that the owner enter into an exclusive listing agree- ment. This type of agreement provides that the broker will have the exclusive right to list and market the subject property for a certain period of time, called the listing period. In the event a lease or agree- ment of sale is executed during the listing period, regardless of whether the broker was instrumental in the transac- tion, the broker will be entitled to a commission. Due to the payment obligation of the owner and the time and effort incurred by the broker during the listing period, these par- ties should ensure that their Handwerker promoted toVP of The Goldstein Group PARAMUS, NJ — Chuck Lanyard , president of the Goldstein Group announced the promotion of Mark Hand- werker to vice president of the firm. “It is a pleasure to announce the promotion of Mark to vice president of The Goldstein Group,” said Lanyard. “Over the course of Mark’s career, he has become one of NJ’s most respected retail brokers and has successfully completed over 1,000,000 sf of retail transactions.” Mark has completed numer- ous transactions for both landlords and tenants involv- ing both leases and sales of property. He has successfully represented owners such as The Goldenberg Group, LGR Associates, ARC Properties, Eaton Associates, Ethan Al- len Retail, Wick Companies, RAMP Group, BMT Holdings, Diversified Capital Howell II, US Realty and Investment Company.
Committed to Your Goals
The guy on the left spent lots of money to hire a bunch of experts whose ideas never took flight. The guys on the right hardly took notice – they were too busy flying their idea. If they were law firms, which one of these guys would you rather work with? Contact: Scott Butler • sbutler@kaplaw.com 910 Harvest Drive, Blue Bell, PA 19422-0765 • 610.941.2518 • www.kaplaw.com Visit our Construction Blog: www.pennsylvaniaconstructionlawyer.com Other Offices: • Cherry Hill, NJ 856-675-1550 • Philadelphia, PA 215-567-3120 Kaplin Stewart A t t o r n e y s a t Law Total commitment works wonders. Talk to us first.
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96Made with FlippingBook - professional solution for displaying marketing and sales documents online