4A — July 14 - 27, 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Sponsorship to invest $18k/unit to reposition into a premier comm. Lucern Capital Ptrs. acquires distressed 80-unit multifamily C harlotte, NC — Lucern Capital Part- ners , with a strategic
FFFE names William Hanson, SIOR Entrepreneur of the Year
continued from page 2A • Lost decades of the middle class – including wage stagna- tion that significantly restricts purchasing power and home ownership. • Real estate’s emerging role in health care – illustrated by increasing demand for buildings to be designed and operated in ways that promote positive healthy outcomes. • Immigration – restrictions could negatively impact this large source of residential ten- ants and home buyers. • Climate change – focusing this year on sea level rises as a serious threat to property values in many parts of the U.S. should the trend in rising water levels continue. The full list of issues and trends with explanations and interpretations can be found on The Counselors of Real Estate’s website. The Counselors of Real Es- tate organization is known for thought leadership, objective insights and extraordinary professional reach, with more than 50 real estate specialties represented among its mem- ber experts who are admitted to the organization by invita- tion. Members contribute to development of the Top Ten Issues Affecting Real Estate by participating in the CRE External Affairs (Issues and Trends) initiative. Based in West Orange, NJ, and licensed in New York State, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant repre- sentation; property and asset management; office relocation; and consulting. n Sheldon Gross Realty announces 2017-18 CRE ® . . . in furthering the mission and philosophy of the Foundation for Free Enterprise. Since its inception in 1975, The FFFE has sought to inspire and educate children and young adults to learn, understand and appreciate the principles of free enterprise and entrepre- neurship, in order for them to influence the future concerning free market economics, limited government, individual self-re- liance, and preservation of the entrepreneurial spirit. FFFE holds a wide range of educa- tion programs throughout the year for students ages 10-18 featuring local business leaders to prepare students to face the challenges of tomorrow. n
Hackensack, NJ — NAI James E. Hanson has an- nounced that its president, Wil-
liam Han- son, SIOR , was recog- nized by the Foundation f o r F r e e Enterprise (FFFE) as their Entre- preneur of the
partner, recently acquired Woodscape Apartments, a distressed 80-unit multifamily property in NC. The property suffers from low occupancy, extreme delin- quency and mismanagement among other issues. Sponsor- ship will be investing $18k/unit to reposition the property into a premier community in the local submarket and increasing rents and value dramatically. Lucern Capital Partners is the latest group to buy in the
William Hanson
Year and inducted into their Hall of Fame at a luncheon held today at The Stony Hill Inn in Hackensack. The En- trepreneur of the Year award recognizes business leaders who have made notable busi- ness achievements in the last year and have been integral
Woodscape Apartments
submarket, upgrading the ag- ing housing stock to cater to the modern renter who demands a
higher quality of finishes, while seeking upgrades to the famil- iar amenities of yesteryear. n
Remco Realty Group 370 Campus Drive, Suite 128 Somerset, NJ 08873 T: 732-253-0888
SalE or lEaSE: EatoNtowN, NJ
8,075 SF Eatontown, NJ
Remco Realty Group’s President, Peter Gallicchio is pleased to announce the firm’s recent appointment as exclusive agent to market this free-standing 8,075 SF. Commercial building that sits on 1.25 acres. There are two spaces for lease; 3,033 SF. With 5 bay doors including lifts and equipment, 2,125 SF. With 1 bay door which can be combined to create a 5,158 SF space. The remaining space of 2,700 SF. With 5 bay doors is leased to Monmouth Automotive. This is an Ideal opportunity for both users and investors. Property features include; 40 car parking, three panel pylon signage, 14’ clear ceilings and 184’ of Route-35 frontage. The property is located just 1.5 miles from the 1.6 Million SF Monmouth Mall and is surrounded by several well know retailers. The site benefits from its close proximity to routes 18, 33, 35, 36, 66 and the Garden State Parkway. Trade area demographics include a population of over 147,000 within a 5 mile radius earning over $103,000 of median household income.
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