10C — September 11 - 24, 2015 — Pennsylvania — M id A tlantic

Real Estate Journal


P eople on the M ove

Colliers International l Pittsburgh hosts meeting

ADNOR, PA — T he Carson Companies , one of the leading in- Industrial owner/manager Hermance named managing dir. Carson Companies expands with East Coast office R

served as vice president of investments for KTR Capital Partners (prior to its acquisi- tion by Prologis), has nearly a decade of experience sourcing investment and development opportunities in Dallas, Hous- ton and PA. The Wayne, PA., resident, has led $385 million in industrial real estate sale transactions. “The Carson Companies is a great fit for me,” Hermance said. “This is a well-established organization with a very long- term view, a strong balance sheet and a flexible investment platform. This will enable me to pursue opportunities that are right for this market. We are looking at development, redevelopment and class A offerings to purchase outright or as a joint venture partner. Ultimately, Carson is looking to build on its success to become a leader in three coastal markets. I look forward to being part of that.” Hermance is a member of NAIOP’s Developing Leaders National Forum. He earned a bachelor’s degree in finance and an MBA fromGeorgetown Uni- versity’s McDonough School of Business. n is an inspiration to our staff and management. His exem- plary work product has been pivotal for the CRE Strategies Team”. Blank, along with other members of the CRE Strategies team, design strategies which align real estate objectives with our client’s business goals. A graduate of Temple Uni- versity, Jason is also a licensed real estate salesperson in the Commonwealth of Pennsylva- nia. He lives inManayunk with his wife and two children. n Barnhart , CEO of Pennrose Properties, LLC. “We evaluated several locations for the office, but identified most with both Brewerytown and the space.” The renovation for the of- fices took approximately nine months. The design goals for the space were to keep an in- dustrial feel and include a hy- brid of high tech elements. Key design features include exposed mechanicals, an open staircase, original concrete ceilings, large windows and a skylight that al- lows natural light to flow from the second floor throughout the space. n

privately held REIT has been in business for more than 100 years and takes a long-term approach to its investment and development activities. The company invests on its own behalf and provides in- vestment, portfolio and asset management services for its institutional partners. According to The Carson Companies’ president, Jim Flynn , the expansion is a natu- ral move for his firm, which maintains additional offices in Rancho Dominguez, CA, and Houston, TX. “Our portfolio has been developed in two of the country’s largest and most densely populated seaport markets,” he said. “The New Jersey/Pennsylvania region is an established industrial hub serving the New York met- ropolitan area, as well as the entire East Coast. This expan- sion will foster our own growth while enabling us to better serve our existing tenants on the west and gulf coasts –many of which have a local presence as well. We see great opportu- nity in planting our flag here, especially with Chris leading the charge.” Hermance, who previously Blank joined Jackson Cross in 2007 and quickly proved his ability to provide clients with cost effective real estate op- portunities. Over the last four years, Jason has managedmore than 130 projects. As founding partner John Morrissey, SIOR shares, “Jason’s development as a professional here at JCP A total of 125,000 s/f of space was developed utilizing new market tax credits, historic tax credits and private bank financ- ing. Two separate areas within the same block were developed by Pennrose into the corporate offices and The Lofts at Brew- erytown, a 61 unit workforce housing apartment property. “As the largest affordable housing developer based in Philadelphia, we felt compelled to have our corporate offices located in a neighborhood that matched the essence of our development and management activities,” said Richard K.

dustrial real estate invest- me n t a n d development firms based in Newport Beach, has established a n E a s t Coast office

Chris Hermance

Gregg Broujos introduces the Pittsburgh Regional Alliance at the Colliers Regional Meeting.

and retained Chris Her- mance as managing director to lead its regional expansion. Located in the Philadelphia suburb of Radnor, the new op- eration will pursue industrial investment opportunities – in- cluding land for development and existing buildings – in the New Jersey and Pennsylvania markets. With a portfolio exceeding 14 million s/f of class A industrial space in Southern California and Houston, Texas, The Car- son Companies provides build- ings suited for modern logistics, distribution and supply chain management needs, offering in- house property management, asset management, leasing, construction management and development capabilities. The

counseling clients on various oil, gas and mineral-related title examination, title cura- tive, title opinions, transac- tion matters and due dili- gence. She is a 2013 graduate of the Duquesne University School of Law. n Construction as an assistant project manager. Addition- ally, he served as assistant project manager and assistant safety director for D’Lauro & Rodgers, Inc. and director for Michael’s Way. Stilwell received his Bach- elor of Science in Accounting from Alvernia University. He is currently enrolled in the Construction Management Certificate Program at Drexel University. Headquartered in Phila- delphia, Binswanger is an international full-service real estate organization with of- fices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia. n “The Colliers Regional Con- ference brought together mar- ket leaders, brokers and ser- vice line experts to strengthen internal relationships and ex- pand our ability to service cli- ents, whether they are build- ing owners, large corporations, law firms, banks or health care institutions across the state and throughout the region,” explained Joseph Fetterman, Executive Vice President of Strategic Initiatives for Col- liers International offices in Eastern Pennsylvania and Delaware. n working on the rooftop deck at the Blue Line Grille, directly across the street from Consol Energy Center.

PITTSBURGH, PA — Jessica L. Seeley recently joined law firm Babst Cal- land as a staff attorney in the firm’s Mineral Title Ser- vices and Energy & Natural Resources groups. Seeley’s practice focuses primarily on KING OF PRUSSIA, PA — Binswanger announced that Matthew Stilwell has joined the project management team and will be based in the King of Prussia office. In his new role, Stilwell will serve as a project manager assisting with the day-to-day management of projects in the region. A sampling of his past clients include Verizon, Equinix, Ed Snider Youth Hockey, Phila- delphia Parking Authority, Revzilla, American Association for Cancer Research, Price- waterhouseCoopers, AECOM, Jacobs Engineering, Clark Capital, Weston Fitness and Zajac, Arias, Trichon. Prior to joining Binswanger, Stilwell worked for Tishman PITTSBURGH, PA — Commercial Real Estate pro- fessionals from several Col- liers International offices con- vened in Pittsburgh last week for two days of networking, meetings, and presentations. The Pittsburgh Regional Al- liance, Civil & Environmen- tal Consultants, and Oxford Development sponsored this inaugural Colliers Regional Meeting at PNC Park. Brokers and service line leaders from Colliers Inter- national travelled from Cali- fornia, Connecticut, Illinois, Maryland, New Jersey, Ohio, Virginia, Washington D.C., and across Pennsylvania on Wednesday for dinner and net-

Jessica Seeley joins Babst Calland as a staff attorney

KING OF PRUSSIA, PA — Jackson Cross Partners announced Jason Blank has Jackson Cross Partners promotes Blank internal operations, as well collaborating with JCP’s mar- keting team to better present our multi-market portfolio capability.

been promot- ed to senior transaction manager. In his new po- sition, Blank wi l l be re - sponsible for the i n - se r - vice agendas,

Binswanger appoints newproject manager in Philadelphia Region

Jason Blank

developing new processes to eliminate redundancy in our

PHILADELPHIA, PA — August marks the 10 year an- niversary of the visionary move of Pennrose ’s corporate head- quarters to the Brewerytown neighborhood of Philadelphia. The location, a former Acme Markets cold-storage facility, was selected as being consis- tent with the organization’s mission to positively transform neighborhoods. It serves as the home base for more than 70 employees that support Pennrose’s development and management activities ongoing in 11 states and the District of Columbia. Pennrose celebrates 10 years in Phila. Brewerytown Neighborhood

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