10A — August 19 - September 15, 2022 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic R eal E state J ournal
Magazine ranks Commerce Park top 10 in the nation Weiss Realty LLC subsidiary completes 161,000 s/f lease
By Brian Hosey, Marcus & Millichap Escape Velocity
There should be no “work-life balance”. Most of your energy should go towards launching your brokerage business with the remaining time spent with family and on health and fitness. Bonus tip: work an extra six hours every weekend. Most new salespeople are working long hours during the week. That’s a good start, but there are diminishing returns to working long days. Those last few hours are usually not that productive. I recom- mend an agent work a full workweek and then add on an additional six hours over the weekend. Those six hours over the course of a year will result in an extra month and a half of productivity. continued from page 2A
Here is the math: 6 hours X 50 work weeks in a year = 300 hours 300 hours / 50 hours in a week = 6 additional work weeks By adhering to this sched- ule, a new salesperson can boost their productivity by 13 percent while avoiding burn- out. An added benefit of this schedule is that the salesper- son will save money on din- ning out and entertainment. Most salespeople underesti- mate the time and effort it will take to launch their brokerage career. By sticking to a strict schedule and high activity levels the sky is the limit! Brian Hosey is first vice president/ division manager of Marcus & Millichap’s Mid- Atlantic Division. MAREJ
D
ECATUR, IL — Queenanne Realty LLC , a Chicago based
subsidiary of Moonachie, New Jersey based Weiss Realty Co, Inc. , owner/ ma n a g e r has leased 161,000 s/f at Commerce
Jaime Weiss
Park located in Decatur, IL with Stripmasters Services Inc. Commerce Park, situated on 147 acres off US Route 51 and Interstate 72, is a strategi- cally located industrial park in the Decatur -Macon County Enterprise Zone, adjacent to the ADM Intermodal Ramp which allows for the process- ing of third-party international shipping containers. Decatur, Illinois is home to the Midwest Inland Port, a multi-modal hub with connectivity to two class I railroads and two short line railroads. The central loca- tion gives access to more than 99 million consumers within a 500-mile radius. Weiss’s masterplan plans call for an additional proposed expan- sion of 488,000 to 1,300,000
Commerce Park
s/f of warehouse space to be available in two to three sepa- rate buildings within the next three years. “Commerce Park consistently ranks as a Top 10 parks in the nation by Busi- ness Facilities Magazine ,” said Nicole Bateman , president of the Economic Development Corporation of Decatur-Macon County. “The park’s size, loca- tion to major Midwest markets, unparalleled utility and rail infrastructure makes it a solid choice for new and expanding
businesses alike.” Stripmasters Services Inc. is a leading commercial and in- dustrial blasting, painting and power coating company that services the Midwest region. “Decatur Commerce Park’s many connectivity attributes make it an ideal business location with domestic and international capabilities with close proximity to air, rail and five major highways ” said property owner/manager Jaime Weiss . MAREJ
Gebroe-Hammer’s multifamily . . . Throughout the Northern and Central New Jersey Met- ros, Gebroe-Hammer’s broker- age professionals’ sales efforts focused on this all-important economic corridor and high- population-density geographic region. In fact, one of the firm’s most-unique Q2 sales involved the $63.5M trade of Northwood Estates Apartments, a 253-unit garden-style community (North Brunswick), and the $14.5M sale of Beech Spring Village Apartments (Summit) to mark completion of a classic multi- family 1031 Exchange. director. “These healthy, ro- bust New Jersey submarkets have a lot to offer, the least of which is one-seat rail service to and from Midtown Manhat- tan and abundant NJ Transit bus options.” Similar trends prevail in the Greater Philadelphia MSA/ South Jersey Metro. Since Ge- broe-Hammer expanded into the region about 17 years ago, it has been representing client interests across New Jersey’s Burlington, Camden, Glouces- ter, Atlantic, Cumberland and Salem counties as well as Philadelphia proper, its northern neighborhoods and Bucks, Montgomery, Chester and Delaware counties. continued from page FC-A
Berson completes successful three-year term as Chair of RWJBarnabas Health Board of Trustees
since grown into a $6.5 billion health system, which routinely captures national awards for outstanding quality and safety, and its partnership with Rut- gers University has formed New Jersey’s largest academic healthcare system. “Marc’s influence goes well beyond the boardroom at RWJBarnabas Health. He cares deeply about our mis- sion and has dedicated him- self wholeheartedly to our organization for many years,” said Barry H. Ostrowsky , CEO, RWJBarnabas Health. “Marc not only helped to build our strategic vision, he was a true partner in executing on initiatives to improve health care delivery that continue to be transformative for our communities.” Berson is an established entrepreneur, attorney, and philanthropist with a focus in real estate development and operating manufacturing and service businesses. He is Chair- man of the Fidelco Group and of the Fidelco Realty Group , an owner-developer of residential, commercial, retail,
and industrial properties in the New Jersey, New York, Florida, and Ohio markets, which he founded in 1981. Capitalizing on Fidelco’s success developing distinct destinations in overlooked inner-city neighborhoods, Mr. Berson has invested in a wide- range of properties in urban areas throughout the country, including in his birthplace and the center of his civic and phil- anthropic endeavors – Newark. Fidelco has been an active in- vestor in residential, commer- cial and industrial properties requiring rehabilitation, repo- sitioning and/or environmental remediation, for the benefit of local communities. Recog- nized for its diverse portfolio of properties, Fidelco is leader in redevelopment as well as new construction projects, with those completed or under devel- opment encompassing millions of square feet of property. Berson will continue to serve as a member of the RWJBarnabas Health Board and as Chairman Emeritus at Newark Beth Israel Medical Center. MAREJ
WEST ORANGE, NJ — A stalwart of the New Jersey community, Marc E. Berson
Additionally, the trade of Ridgewood Commons (South Orange), a 66-unit five-story multifamily asset, was sold for a fourth time since 1999 for an unnamed price by Gebroe-Hammer. “In New Jersey’s urban and suburban markets, the mass exodus from New York City and its outer boroughs is continuing among those priced out of these markets. These renters-by-choice are now setting their sights across the Hudson River – beyond Hudson County and ‘inland’ – for lower rents and more square footage,” said David Oropeza , executive managing
concludes his success- ful three- year term as Chair of the RWJBarn- abas Health Board of Trustees at the end of
“In an about-face of previous investment approaches, inves- tors are open to expanding their reach beyond what was once defined by geography,” said Joseph Brecher , execu- tive managing director. “We have many sellers attracting out-of-area buyers who are ag- gressively bidding on for-sale product in order to achieve market diversification. As long as there is a shortfall of supply in many Northeast metros and submarkets, this branching out is expected to continue.” MAREJ
Marc E. Berson
this month. Berson’s tenure as Board Chair will forever be known as a transformational time of growth for the health- care system. A longstanding advocate for RWJBarnabas Health, Mr. Berson has served as Chair of the Board since 2019. He has also been Chairman of Newark Beth Israel Medical Center and Children’s Hospital of New Jersey, both RWJBarnabas Health facilities. Berson served as Chair of Barnabas Health in 2016, when the merger of Barn- abas Health and Robert Wood Johnson Health System formed RWJBarnabas Health. RWJBarnabas Health has
Vantage Commercial facilitates long- term lease in Mount Laurel, New Jersey
Centerton Square. The salon joins a diverse roster of co- tenants including AT&T and Mattress Warehouse. Mike Gries , advisor, and Corinne Giletto , director of client services at Vantage Com- mercial, represented the land- lord in the transaction. MAREJ
MOUNT LAUREL, NJ — Vantage Commercial an- nounced a retail lease at 3531 Rte. 38 in Mount Laurel. Vibe Salon has leased the last re- maining vacancy at the newly constructed retail center lo- cated at the corner of Rte. 38 and Marter Ave., adjacent to
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