16C — March 28 - April 10, 2014 — The Best of 2013 — M ID A TLANTIC Real Estate Journal
www.marejournal.com
The LARGEST RETAIL SALE of 2013
Cushman & Wakefield PA Regency Center Portfolio — 879,530 SF —
Cushman & Wakefield NJ Clark Retail Portfolio —189,000 SF —
Clark, NJ Broker(s): Andrew Merin, Vice Chairman; David Bernhaut, Vice Chairman; Gary Gabriel, Executive Vice President; Brian Whitmer, Senior Director; Nicholas Karali Commercial real estate services firm Cushman & Wakefield has completed the sale of a fully occupied, grocery-anchored retail portfolio consisting of four properties totaling 189,000 square feet in Clark, N.J. The firm’s Metropolitan Area Capital Markets Group team repre- sented both the buyer, Kimco Realty Corporation, and seller in the transaction.
Regency Center Portfolio City, State Multi-State Size (square footage/acreage) _879,530 s/fBroker(s): Karen Iman
These grocery anchored shopping centers were part of a seven property multi-state portfo- lio totaling 1,572,164 SF that was marketed and sold by Cushman & Wakefield. They have strong national and regional tenant base with a solid rent roll. Regency was the seller and Black) was the purchaser.
Divaris R.E. Norton Commons S.C. — 81,297 SF —
Marcus & Millichap NJ Market Place at Edgewater — 72,686 SF —
Name of property Norton Commons Shopping Center City, State Norton, VA
Size (square footage/acreage) 879,530 SF Broker: Karen Iman
Size (square footage/acreage) 81,297 s/f Broker(s): Alex Divaris and Jason Oliver
These grocery anchored shopping centers were part of a seven property multi-state portfolio totaling 1,572,164 SF that was marketed and sold by Cushman & Wakefield. They have strong national and regional tenant base with a solid rent roll. Regency was the seller and Blackrock was the pur- chaser.
DRE represented the seller, General Electric Credit Equities, Inc. to the buyer, Rivercrest Realty Association, Inc. of Raleigh, NC. Norton Com- mons is anchored by Burke’s Outlet. The buyer was attracted to the strong, stable tenancy and premium position in the market.
NAI Summit 2350-2360 MacArthur Rd — 10,781 SF —
Emory Hill 1704 Augustine Cutoff — 7,600 SF —
NAI Hanson 9001 Woody Terrace — 38,222 SF —
Allentown, PA, March 21, 2013 – NAI Summit repre- sents Dinette World in Sale John L Crampsie, principal of NAI Summit represented Dinette World of Pa in the sale of their building at 2350 MacArthur Road. The sale included two buildings located on the MacArthur Rd retail strip. The Buyer is a New Jersey Tile and Marble Company.
1704 Augustine Cutoff, Wilmington, DE Jim O’Hara Jr.
The Strand Beauty Salon purchased the 7,600 SF building at 1700 Augustine Cutoff in Wilmington. NAI Emory Hill broker Jim O’Hara Jr. represented the seller in the transaction.
Name of property 9001 Woody Terrace City, State Clinton, MD Size (square footage/acreage) 38,222 Broker(s): Hal B. Messer
Made with FlippingBook - professional solution for displaying marketing and sales documents online