8C — April 15 - 28, 2016 — Southeastern Pennsylvania — M id A tlantic

Real Estate Journal


S outheastern P ennsylvania Also assists with the management and co-development for 120-room hotel Llenrock Group sources $2.5m joint venture equity investment for Courtyard by Marriott H ERSHEY , PA — Llenrock Group , an independent real es- © www.marriott.com

ability to connect the sponsor to an equity source that could provide them with valuable hotel management and devel- opment expertise as well. n Redeveloping PA ’ s brown - fields sites & bringing clean energy to . . . pipelines from the western part of the state following an historic pipeline right of way which originally fed refined energy products westward from one of Philadelphia’s largest refineries, on 26th Street. Refined petroleum products went to the western part of Pennsylvania and to southwest New York. Put- ting new pipelines in existing pipeline rights of way, unques- tionably limits environmental impact, as we have learned over many years in Pennsyl- vania to complete projects which minimize environmen- tal impact. One of RT’s biggest areas of focus is assisting and taking a second look at projects having technical difficulties. We often find that historically, the best techniques were not brought to remediation sites, and the most flexible redevelopment approach was not properly identified. Since our start up in Octo- ber 1988, we have success- fully completed thousands of projects and obtained several liability release for our clients. We welcome each and every opportunity given to us by potential clients. Our client retention rate is very high as compared to our peers, and our proposal acceptance rate routinely exceeds 65%. At RT, each site deserves our close attention, so that we can help our clients understand what we can do for them to help achieve their objectives. Whether in Pittsburgh, Philadelphia, Wilkes Barre or Meadville, we serve all of Pennsylvania and welcome further opportunities to be of service. Call us if you need us. Gary R. Brown, P.E. is president of RT Environ- mental Services, Inc. P : ( 6 1 0 ) 8 0 4 - 8 6 5 7 o r Email:gbrown@rtenv.com n continued from page 5C

tate finance and advisory firm, is pleased to announce it has secured $2.5 million in a joint venture equity investment as well as assistance with the management and co-develop- ment for a 120-roomCourtyard by Marriott hotel in Hershey. The client had very limited hotel development and opera- tional experience so the impor- tance of the equity sourced is not only found in the joint ven- ture aspect of the transaction but also in Llenrock Group’s

Courtyard by Marriott hotel in Hershey, PA

TO GET YOUR DEAL DONE, YOU NEED LAWYERS WHO KNOW THEIR WAY AROUND. With a long history of handling the most complex commercial real estate transactions, a deep knowledge of the unique realities of today’s market, and a wealth of relationships forged in real estate and government, Cozen O’Connor real estate lawyers are prepared to help with your transactional, nancial and development needs.

Howard Grossman Senior Counsel (215) 665-4176 | hgrossman@cozen.com One Liberty Place 1650 Market Street Suite 2800 | Philadelphia, PA 19103 600 attorneys | 24 ofces


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