1-25-19

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Including a 417,000 s/f property owned by Whitesell in Florence G.S. Wilcox & Co. closes $170 million with Thrivent Financial

ISSUE HIGHLIGHTS Volume 31, Issue 2 Jan. 25 - Feb. 7, 2019 SPOTLIGHTS ECONOMIC DEVELOPEMENT Section C

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flex property located in Wall Township. “Thrivent Financial, located in Minneapolis, Minnesota, has a commercial mortgage loan portfolio of $8 billion. We have enjoyed working with their dedicated team for over two decades. Their flexibility and aggressive terms put them in front of the competition on an ongoing basis,” said president Gretchen Wilcox in a pre- pared statement. Founded in 1994 by Gretchen Wilcox, G.S. Wilcox & Co. is a leader in the commercial real estate investment banking in- dustry. They provide debt and equity solutions to developers, real estate private equity firms, institutional investors, and other owners of commercial real estate. The company is based in Morristown, New Jersey and will be celebrating its 25th year in business in 2019.  tenant relations, leasing and construction. Gensler was selected as project architect, led by Dana Nalbantian . Rebranding and marketing assistance will be provided by Real Estate Arts , led by Michael Goodgold . “We are excited to be part of this incredible teamwhose focus is to create a unique and inviting experience for tenants and visitors at the Gateway Center and bring the Gateway Center back to prominence in Newark.” added Blake Goodman , executive vice president at JLL . JLL’s capital markets group led by managing di- rectors Thomas Walsh and Joseph Garibaldi served as investment sale broker in the transaction. “Well-capi- talized and united ownership will provide the key ingredi- ents in the Gateway Complex reclaiming its reputation as one of the best transit-ori- ented office portfolios in the Northeast.” said Walsh. 

EW JERSEY — G.S. Wilcox & Co. recently closed $170 million of

apartment and warehouse loans through their exclusive cor- respondent, Thrivent Finan- cial . Two apartment transac- tions totaled $100 million. One was for a 280 unit apartment complex called Vermella West, a Russo development located in Kearny, and the other was for The Winston, a Petrucci/Man- delbaum apartment project with 218 units located in Lynd- hurst. Both of these loans were take outs of construction loans and priced very aggressively. Another roughly $80 million was placed on five warehouse properties located throughout New Jersey. The properties were a 417,000 s/f property owned by Whitesell in Flor- ence; three buildings total- ing approximately 400,000 s/f owned by Adler Develop- NEWARK, NJ —The joint venture between Garrison Investment Group, Axo- nic Capital LLC, Taconic Capital Advisors and Onyx Equities, LLC is proud to announce its acquisition of One, Two and Four Gateway Center in Newark. Pruden- tial Financial, who has held its global headquarters in Newark since its founding more than 140 years ago,

FORECAST Section D

Vermella West

2019 MAREJ EVENTS

Whitesell Warehouse, Florence, NJ

Parks; a 61,000 s/f warehouse owned by Hartz Mountain Industries ; and a 128,000 s/f

ment ; a 340,900 s/f building located in South Brunswick owned by Forsgate Industrial

February 7, 2019 5th Annual New Jersey Industrial Conference March 26 2019 5th Annual Philadelphia Industrial Conference March 27, 2019 Delaware Real Estate Forecast Conference For speaking and sponsorship information, please contact: Lea at 781-740-2900 or lea@marejournal.com

Garrison Investment Group, Axonic Capital, Taconic Capital Advisors and Onyx Equities acquire 1.6M s/f

traverse the 1,400 linear foot Concourse each week, includ- ing PATH, NJ Transit and Amtrak commuters, Gate- way employees, neighboring employees, visiting clientele, Prudential Center specta- tors, as well as students from New Jersey Institute of Tech- nology, Rutgers University Newark and Seton Hall. New ownership believes the improvement plan will reinvent the Concourse as a destination, and spur signifi- cant demand from retailers and corporate office users who prioritize access to tran- sit and a talented, diverse workforce. “We echo Onyx’s excite- ment regarding the Gateway Center acquisition” added Eric Rosenthal , manag- ing director of Garrison In- vestment Group. “We look forward to contributing to Newark’s positive momen- tum while repositioning the iconic campus.” Onyx Equities will serve as the operating arm, overseeing asset and property management,

Directory Shopping Centers.............................................5-14A Business Card/Billboard Directory.......................15A Organization Events Calendar..............................16A Owners, Developers & Managers............... Section B Economic Development. ............................ Section C Forecast..................................................... Section D www.marejournal.com

will participate as a co-in- vestment partner. This 1.6 million s/f transaction rep- resents New Jersey’s largest office deal of 2018. The partnership has ag- gregated the first majority interest in Gateway Center’s recent history. New owner- ship intends to execute a multi-million dollar modern- ization plan, predicated on creating a more vibrant retail concourse. 60,000 people One, Two & Four Gateway Center

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