28A — November 13 - 26, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Two of six properties to be auctioned November 19 Max Spann RE & Auction to sell six former bank branches
CORFAC Int’l announces 2016 leadership team with new president Homsher
physical due diligence ser- vices on behalf of his clients. “I look forward to continu- ing the momentum of our North American and Interna- tional expansion, the imple- mentation of our new stra- tegic plan and the redesign and relaunch of our website. I also hope to strengthen our volunteer committees and membership participation in the organization,” said incoming President John Homsher. 2016 CORFAC Interna- tional Executive Committee •President: John R. Homsh- er, CCIM, Podolsky|Circle CORFAC International (Chi- cago, IL) •Vice president, G. Ray- mond Lyons , CCIM, MRICS, SIOR , Thomas L. Johnson Realty/CORFAC International (Toronto, ON) •Treasurer: Lou Suski , Gaughan Companies/COR- FAC International (Minne- apolis, MN) •Secretary: Andy Jaffe , Commercial Properties Inc./CORFAC Internation- al (Phoenix, AZ) •Past president: Scott Sava- cool, CCIM, SIOR, Sansone Group/CORFAC Interna- tional (St. Louis, MO) •At - large : Alan Joel , CCIM, Joel & Granot/COR- FAC International (Atlanta, GA) •At-large: Joe Latina , Pat- terson Woods/CORFAC International , (Wilmington, DE) • A t - l a r g e : R o b b i e McEachern , Capacity Commercial/CORFAC In- ternational , (Portland, OR) •At-large: Mark Bing- man, MCR , Rector Phillips Morse/CORFAC Interna- tional (Little Rock, AR). n by Robert DeVita of DeVita Friedman Associates . AJM Contractors, with offices in Clifton, has purchased the property as an investment to add to their real estate holdings which include apart- ments, industrial and office properties throughout New Jersey. This is the third prop- erty purchase transaction that Scancarella has facili- tated with AJM Contractors. AJM Contractors has been in business since 1981 and specializes in heavy construction. n
CHICAGO, IL — COR- FAC International presi- dent Scott Savacool, CCIM,
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EW JERSEY — Two former bank branch- es in Brigantine and
SIOR , an- nounced the o r g a n i z a - tion’s 2016 l eadership team, which will be led b y p r e s i - dent John Homsher , CCIM .
Bridgeton that can easily be turned into traditional office spaces are going on the auction block in mid-November. Max Spann Real Estate & Auction Co. is auctioning the former bank property at 3900 Atlantic-Brigantine Blvd. (Route 87) in Brigantine on Thursday, November 19 at 11 a.m. The oth- er property, 15 South Laurel St. in Bridgeton, will be auctioned the same day at 2 p.m. Property previews for both bank branches are scheduled for Thursday, November 5 from noon to 2 p.m. Two other bank branches are listed in Somerset and Morris Counties. The proper- ties at 302-306 Route 22 West in Green Brook and 202 Route 46 in Budd Lake are up for sale. The former banks are listed for $1.649 million and $525,000, respectively. Within the past three years, Max Spann Real Estate & Auction Co. has sold more than 25 bank branches. “These former bank branch- es could easily open as banks or could be converted into regular office spaces for other uses, such as a law firms, financial services offices or accounting firms,” said Bob Dann , executive vice presi- dent and chief operations of- ficer of Max Spann. The commercial buildings feature everything to be ex- TRENTON, NJ — Jump- Start New Jersey Angel Network (JumpStart) executive director Kath- erine O’Neill visited the New Jersey Economic Development Authority ’s (EDA) Commercialization Center for Innovative Tech- nologies (CCIT) in North Brunswick to present “Top Ten Essentials for Raising Angel Money” to CCIT ten- ants and other interested New Jersey technology professionals. During the presentation, O’Neill, who was named one of NJBIZ’s 2015 “Best 50 Women in Business,” ad- vised entrepreneurs to have the following available when meeting with investors: •A one to two minute intro- duction with the company’s value clearly identified;
John Homsher
CORFAC International is a membership-based affiliation of independent and entre- preneurial commercial real estate services firms with currently 80 offices through- out the Americas, Europe and Asia-Pacific. Officers serve one-year terms in their respective positions. “We are excited to have John at the helm of our organization. His years of experience in commercial real estate, along with his outstanding business acu- men and global orientation will be a huge benefit to CORFAC International,” said Savacool. Homsher is a principal wi th Podolsky|Circle CORFAC International , based in Chicago. He previ- ously served on CORFAC’s Executive Committee as vice president, treasurer and secretary. John provides in- vestment advisory services, handling investment trans- actions for Podolsky|Circle clients, focusing on financial analysis, marketing and contract negotiations for institutional and entrepre- neurial-owned investment property. He is involved in the placement of debt and equity for commercial own- ers and institutions. He also coordinates financial and RUTHERFORD, NJ — Cresa NJ – North/Cen- tral , part of Cresa LLC announced that they have represented AJM Contrac- tors in the purchase of 1010 Clifton Ave. in Clifton, an 8,100 s/f, fully-leased office building. Principal James Scan- carella of Cresa NJ – North/ Central represented the buy- er, AJM Contractors and president Anthony Marin- aro , in the transaction. The seller, 1010 Clifton Avenue Associates, was represented
Green Brook, NJ branches
pected from former banks, complete with teller windows, offices, ATM vestibules, and vaults. “We even supply the combinations,” said Dann. All of the banks are on major roadways, offering constant streams of potential custom- ers, Dann said. Dann also noted that two bank branches in Salem and Mercer Counties will also be auctioned on December 9 by order of the bank. Previews for the Carneys Point and Trenton branches will be held on-site on Monday, November •An excellent one page busi- ness summary; and •A list of the team (and ad- visory board) members. O’Neill also said that en- trepreneurs should be able to demonstrate that they have: •Domain and competitive knowledge; •Focus and ability to ex- ecute their plan; •Skin (read: money) in the game; •Initiative, character, drive, knowledge and coachability; •Honesty and transparency (numbers provided should be real, not inflated); •Capital efficiency (e.g. no large corporate salaries); and •A proven track record (com- pany’s ability to execute and meet its goals). O’Neill has led JumpStart since 2003, a year after it was founded. JumpStart, which
23 from noon to 2 p.m. and Tuesday, December 1 at the same times. The property at 270 Georgetown Rd. in Car- neys Point sits on 2 acres and with convenient access to the Delaware Memorial Bridge to Wilmington, DE and South NJ markets. The former bank branch at 150 South Broad St. in Trenton is 4,500 s/f and is move-in ready. To learn more, call 888-299- 1438 or visit maxspann.com to obtain a property information package. Preview the property, attend the auction, and bid. n began as a collaborative ef- fort between the EDA and the New Jersey Technology Council (NJTC), has grown to 45 members and is one of the largest angel investing networks in the Mid-Atlan- tic region. Under O’Neill’s leadership, the network has invested a total of more than $50 million in more than 65 early-stage technology-based companies. Approximately 50% of the funds have gone to New Jersey companies, including EDA-supported Bergen Medical Products in Cedar Knolls and South Brunswick-based United Silicon Carbide Inc. JumpStart holds quarterly “Meet the Angels” sessions, which are informal opportu- nities for invited early-stage entrepreneurs to meet with network members. n
JumpStart NJ executive director Katherine O’Neill shares tips for raising angel money with NJ’s technology start-ups
Cresa NJ assists AJM Contractors in purchasing fully-leased office property
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