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Mid Atlantic Real Estate Journal — January 27 - February 9, 2012 — 13A

OWER NAZARETH TOWNSHIP, PA — Schlouch Incorporated The 51-acre site is located on Fritch Dr., Lower Nazareth Township Griffin Land & Nurseries, Inc. names Schlouch to prepare the site for two warehouses L

has been named by Griffin Land & Nurseries, Inc. to pre- pare the site for two warehous- es on Griffin Land Lots 1 and 2. The 51-acre site is located on Fritch Dr., Lower Naza- reth Township, Northampton County. Schlouch is providing sur- vey, stakeout, blasting, rock removal, earthwork, sanitary and storm sewers, water line installation, sediment/ero- sion control, building pads, roads, concrete, curbs, pav- ing, landscaping, seeding and the installation of drainage systems. Steve Funk is Schlouch’s site coordinator and Steve Billman is project coordinator/estima- tor. Work will be completed by Summer 2012. Schlouch Incorporated has been named by Gioffre Com- panies, Inc. to provide concrete work for the 8,100 s/f Firestone Auto Center on Mill Creek Rd. Schlouch is providing build- ing footers, slabs, sidewalks and pads. Mike Butler is Schlouch’s site coordinator and Darren Brown is project coordinator/ estimator. Work will be com- pleted by Spring 2012. JERSEY CITY, NJ — The Kislak Co., Inc. announced the $11.2 million sale of The Sevilla Apartments, a 116-unit apartment building with 14 retail spaces. VP Barry Wais- brod represented both parties, longtime Kislak clients, in the transaction. “It is rare that a property of this caliber becomes available in such a high demand area,” said Waisbrod. “The market for multifamily properties is strong throughout NJ, and this was an exceptional opportunity in an excellent lo- cation,” added Robert Holland, president and co-managing director. The SevillaApts. is located in the Journal Square section of Jersey City a short walk to the

Fritch Dr.

Theresa Reed of CIS shares lessons learned at conference

EDISON, NJ — The de- velopment of affordable and supportive housing can serve

affordable apartment-rental communities. In Central New Jersey, Heritage Village at Lawrence was the first affordable senior housing community intro- duced to address a surging demand among the area’s 55+ population. Once the town- ship acquired a key piece of property, a distressed motel, automotive garage and home fronting an ailing portion of the Business Rte. 1 commer- cial/residential corridor, local officials partnered with CIS and The Eagle Group. “The township saw this as a unique opportunity to enhance the area’s mix of uses and worked diligently to ensure their vi- sion became a reality,” said Reed. The project employed a col- laborative, hands-on approach between the developer; local, state and federal agencies; and area civic groups and organi- zations. “We decided from the start to create relationships with service providers like Greater Trenton Behavioral Healthcare, who already work with at-risk populations in the area and could refer clients to our community,” she said. The end result of CIS’ ef- forts was Heritage Village at Lawrence, a $17.5 million mixed-use redevelopment consisting of affordable senior housing with ground-floor retail. ■

as an impor- tant catalyst for local rede- velopment in New Jersey’s urban and suburban ar- eas, accord- ing to pan- elists at the

111,000 s/f, energy efficient facility rendering

Schlouch Incorporated has been named by Ondra-Huyett Associates, Inc. to provide concrete work for a 6,200 s/f commercial building in South Whitehall Township, Allen- town. The building will be used by PPL as a training center.

Schlouch is providing build- ing footers, walls, piers, slabs and exterior aprons. Mike Butler is Schlouch’s site coordinator and Darren Brown is project coordinator/ estimator. Work will be com- pleted by Spring 2012. ■

Theresa Reed

13th Annual New Jersey Sup- portive Housing Conference. In addition to filling a distinct need, affordable and support- ive housing also can contribute toward stabilized property values and commerce. “Even though this might sound too good to be true, it’s not. It has been successfully done, many times over, and it works,” said Theresa Reed, vice president of Community Investment Strategies (CIS), Inc., a fully integrated real es- tate companywith a portfolio of more than 2,000 multi-family units throughout New Jersey valued in excess of $350 mil- lion. She and fellow panelists recently addressed challenges and opportunities related to “Facilitating Neighborhood Revitalization throughAfford- able and Supportive Housing Development.” Among the case studies pre- sented by Reed were CIS re- developments in Lawrencev- ille and Glassboro, distinct

Kislak completes $11.2m sale of The Sevilla Apts.

The Sevilla Apartments

Journal Square PATH station and an easy commute to NYC and the many commercial and employment centers within

northern NJ. Constructed in 1925, it is a five-story brick elevator building with 116 resi- dential units. ■

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