10B — June 24 - July 14, 2016 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

CEAN TOWNSHIP, NJ — Mark Scott's Commercial Mort- Borrower refinances to lock in historically low rate and continue to fund renovations Mark Scott’s Commercial Mortgage Capital closes $26 million 15 year self-liquidating loan O continue to fund renovations and capital improvements.” n

WillowConstruction, LLC adds Turner as project engineer EASTON, MD — Willow Construction, LLC announced the addition of Shaquille

gage Capi- tal (CMC) r e c e n t l y closed a $26 million, 15 y e a r s e l f - liquidating l o a n a t 3.19%. This loan is secured by 602 multifamily units in Ocean Township. Mark Scott said that “the borrower refinanced to lock in a historically low rate and Mark Scott

Tu r ne r t o the c ompa - ny’s manage- ment team. Shaquille is a 2014 graduate of the Univer- sity of Mary- land Eastern Shore with a

602 multifamily units in Ocean Township

degree in Construction Manage- ment Technology. Prior to joining Willow Construction, Shaquille worked at Universal Construc- tion, Inc. where he served as a project safety engineer. n Shaquille Turner Advance Realty’s Executive Quarters at Bedminster receives TOBY award BEDMINSTER, NJ — Ad- vance Realty announced that Executive Quarters at Bedmin- ster, the company’s strategi- cally located office property in Somerset County has received the Outstanding Building of the Year (TOBY) award from the NJ chapter of the Build- ing Owners and Managers Association (BOMA-NJ) . Bestowed during BOMA- NJ’s 2016 Awards Dinner at Brooklake Country Club in Florham Park, the award honored Executive Quarters in the “Under 100,000 s/f” cat- egory. The property, located at 1545 Rte. 206, was recognized for all facets of its top-flight operations and management, which is overseen by Advance managing director of property management Rick Zack and a team that includes general manager Chris Galvin , prop- erty manager Daniela Nas- tasi and building technician Rory Halpin . “We have an extremely tal- ented and dedicated team and this tremendous honor is a tribute to their commitment to excellence,” Zack said. “In a state with such a competitive office market, an award from a highly respected organization such as BOMA serves as vali- dation of Advance’s strategy to create best-in-class properties by continually investing in both its buildings and its people.” n

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