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.
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