10C — January 30 - February 12, 2015 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
2014 showed marked gains for PennCap with continued success evident for 2015 PennCap Properties recognizes banner growth in 2014 L
relationships with clients and its dedication to customer ser- vice that goes above and be- yond the industry standard. PennCap’s position as dom- inant landlord within the Lehigh Valley region gives them the ability to accom- modate tenant’s changing business needs within the portfolio or through new development allowing for seamless transitions includ- ing expansion, relocation, addition of manufacturing or warehousing requirements, R&D, or temporary solutions until the long range plans are
realized. In addition to offering flexi- ble commercial real estate so- lutions, PennCap is strength- ened by an outstanding team of highly skilled building technicians that deliver ex- ceptional customized services for tenants in an expedient and professional manner. “Our 2014 initiatives were focused on creating top-tier office environments for our customers that allow them to conduct their businesses in a comfortable environ- ment with an emphasis on efficiency and the highest level of tenant services,” said Lisa Pektor , president of PennCap Properties. The building quality, at- tention to detail, concierge level of service, and park-like settings found within the PennCap portfolio are attrac- tive to the most discerning consumers of commercial real estate within the Valley including a significant num- ber of high credit tenants. In order to not only attract but also retain companies holding Fortune 500 rank- ings and better, PennCap Properties looks to maintain and improve the portfolio to the highest standard, while expanding with new class “A” product that will be consid- ered “ Best in Class”. The next evolution in the portfolio’s growth is the de- velopment of a new corporate park, conveniently located just minutes from the Penn- sylvania and New Jersey off I-78 in Bethlehem Township, Pennsylvania. Mill Creek Corporate Center is a class “A+” office park with a sub- urban/urban experience that will provide tenants access to a high end office product with outdoor collaborative space, park like setting, water features, a multitude of sur- rounding amenities, and un- paralleled highway visibility. “As we enter 2015, PennCap Properties looks forward to continued success through the expansion of our portfo- lio, property acquisition and development, providing our customers with office spaces of distinction, and maintain- ing our leadership role as the Lehigh Valley’s number one provider for turnkey real estate solutions,” said Jes- sica Goffredo-Pantaleo , vice president of leasing for PennCap Properties. n
more than 15,000 companies, many of which are tenants or prospective tenants within the PennCap Properties 32 building portfolio. These com- panies employ over 30,000 people and have gained the Lehigh Valley a reputation as a growing northeast eco- nomic center, as evidenced by the Lehigh Valley’s close proximity to both the New York and Philadelphia metro- politan areas and the region’s competitive costs for business operations. PennCap closed out 2014 with an occupancy rate in
excess of 93% after com- pleting over 380,000 s/f of transactions throughout the course of the year including many renewal negotiations resulting in an exceptionally high tenant retention rate. Further, PennCap Proper- ties was honored in 2014 when the NGKF PennCap Team received the Newmark Grubb Knight Frank award for 2014 Management Team of the Year for Management Services. This industry ac- colade signifies the PennCap management team’s commit- ment to forging close working
EHIGH VALLEY, PA — PennCap Properties , a Le- high Valley based commercial real estate firm, focused on leasing, management, and construction of class “A” office and industrial flex product, recognized banner growth in 2014 across all business segments. PennCap attri- butes the inherent growth to the company’s customized and flexible services along with the strategic location of its portfolio within the Lehigh Valley. The Lehigh Valley region has attracted
Relationship Driven. Execution Focused. Only Meridian Capital Group’s powerful financing relationships can consistently achieve the unparalleled results our clients require.
Meridian Capital Group, LLC proudly advised on financing for the following transaction: Oak Tree Shopping Center 190,000 Sq. Ft. Shopping Center Edison, NJ $18,000,000 Permanent Financing This transaction was negotiated by: Max Beyderman, Senior Vice President
517 Route 1 South, Suite 4000 Iselin, NJ 08830 | 732 301 3200 | www.meridiancapital.com
MAREJ - $18MM - Oak Tree - M. Beyderman - 1-28-15.indd 1
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