8C — February 14 - 27, 2020 — Pennsylvania — M id A tlantic Real Estate Journal


P ennsylvania

hiladelphia, PA — Greys tone and Phi l ade l phi a - based Wellar, Lonberger to lead Greystone Rittenhouse Realty Advisors team Greystone, Rittenhouse Realty Advisors combine capabilities for Mid-Atlantic, Northeast focus P communities and privately- owned campus-adjacent stu- dent housing properties. Wellar and Lonberger have three decades of experience in providing commercial real 17 years of industry experience, has advised on the sale of over 34,000 units totaling $2.8 bil- lion in value.

partner for property inves- tors," Jim McDevitt , presi- dent of Greystone Real Estate Advisors, said in a statement. The Greystone Rittenhouse Realty Advisors team includes a total of seven sales and debt advisors focused on the Mid-At- lantic and Northeast regions.  light industrial building is 79,500 s/f situated on 5.194 acres in Washington County. Closets by Design of Pitts- burgh will occupy 12,100 to- tal s/f, which includes office/ showroom space. This will be the first western Pennsylvania location for Closets by Design, a North American company with locations throughout United States and Canada. Jessica Jarosz , executive vice president, and Chad Kesich , associate, of Century Realty represented the tenant and CBRE represented the landlord in this transaction. Jarosz stated, "Due to low inventory of viable options in the Washington County submarket, Century Realty was able to uncover potential solutions within a quick time- frame to meet our client's needs. All parties worked diligently to accommodate this requirement and we wish everyone great success in this new venture."  JLL advises Intuitive Health PHILADELPHIA, PA — JLL Capital Markets an- nounced that it has advised In- tuitive Health and its network of hospitals and health systems on the selection of development partners for its growing pipeline of over 40 outpatient healthcare facilities on a build-to-suit basis across the United States over the next few years. The facilities will consist of co-located urgent care/emergency care outpatient healthcare facilities operated in joint ventures and manage- ment arrangements between Intuitive Health and leading hospitals and health systems across the U.S. JLL’s Capital Markets team representing Intuitive Health was led by managing direc- tors Ben Appel and Andrew Milne , as well as managing di- rectors Zach Holderman and Daniel Turley , who will assist with debt financing. 

estate advi- sory services t o p r i v a t e capital and institutional investors in the No r th - east. Ov e r a p - proximately

"Ken and Corey’s reputa- tions in the advisory sector precede them, and we are thrilled to pursue a collec- tive mission of being a true full-service capital solutions

Rittenhouse Realty Ad- visors have combined ca- pabilities to form a joint v e n t u r e , Greystone Rittenhouse Realty Advi- sors .

The team has experience across a range of asset types, including urban mixed-use properties, development sites, large-scale apartment

Century Realty reps. Closets by Design of Pittsburgh in 12,000 s/f lease

Corey Lonberger

Ken Wellar

15 years, Wellar has advised on the sale of more than 23,000 multifamily units totaling over $2 billion. Lonberger, with more than

Washington, PA — Century Realty has repre- sented Closets by Design of Pittsburgh into a new 12,000

s/f lease in Washington, PA. Closets by Design of Pitts- burgh will occupy space lo- cated at 100 Detroit Ave. The

The Rittenhouse Realty Advi- sors team is led by managing partners Ken Wellar and Corey Lonberger . Combined,

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