S HOPPING C ENTERS N EW J ERSEY S POTLIGHT S OUTHERN Saphire & Albarran Architecture design $3.6m Health Care Center River Drive Construction builds a two-story 16,000 s/f building
Mid A TLANTIC R EAL Estate Journal — New Jersey — April 13 - 26, 2012 — 23A
www.marejournal.com
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AKEWOOD, NJ — $3.6 million construc- tion project for the
which the Lakewood Health Center already occupied, while ensuring that the healthcare facility’s opera- tions did not experience any significant interruptions. “This project was uniquely challenging because we had to maintain the integrity of the original structure while working around the day- to-day operations. It was a pleasure working with the Ocean Health Initiatives team.They were acutely aware of the project’s chal- lenges, and their trust in us helped them make quick and efficient decisions,” said Sam Champi, vice president of River Drive Construction. ■
Ocean Health Initiatives’ (OHI) Lakewood Health Care Center. The project entailed building a two-story, 16,000 s/f building on top of the existing one-story 9,000 s/f structure located at 101 Second St., Lakewood. The new building, which houses an obstetrics/gynecology and pediatrics wing, was designed by the Pennington, NJ-based architecture firm, Saphire & Albarran Archi- tecture. The challenge was to build the two-story building on top of the one-story structure,
Ocean Health Initiatives’ Lakewood Health Care Center
OORHEES, NJ – Wolf Commercial Real Estate (WCRE) New lease & corporate relationships Strong first quarter for Wolf Commercial Real Estate V
Within new Haddon Avenue Transit Village Camden County to develop $21m project
marked its first quarter in business by announcing several new lease transac- tions, corporate relation- ships, and exclusive listings secured. The firm worked with cli- ents across several indus- tries with different needs, and is pleased to announce the following transactions and assignments. Lease of 4001 A, Green- tree Executive Campus, Marlton – WCRE worked wi th Barn i sk i s -Mar c , Inc.(MARC) a long estab- lished Southern New Jer- sey service provider, to renew its lease. Lease of 1060 North Kings High- way, Cherry Hill – WCRE helped Senior Helpers, a home health and senior care agency, relocate its of- fice within Cherry Hill. Transactions completed:
Exclusive agencies secured: Several landlords and inves- tors have entrusted their properties to WCRE for lease or sale: For Lease/Sale: 607-609 White Horse Pike (Route 30), Audubon. 8,500 s/f free standing, multi-tenant office building with immediate ac- cess to I-295. Ideal for owner occupant. For Lease: Harbor Pavil- ions, 570 Egg Harbor Road, Sewell. WCRE is offering a professional/medical office with 2,364 square feet, in a complex with other occu- pied medical offices directly across from Kennedy Hos- pital.
For Lease/Sale: 411 East Route 70, Cherry Hill. Sec- ond floor office space, 1,377 s/f , close to I-295, and sur- rounded by retail, restau- rants, and banks. Ideal for tenant or owner/investor. For Lease: 520 Stokes Road Ironstone Professional Complex, Medford. Located in the business district of Medford, 1,900 square feet of medical or professional of- fice space with ample park- ing, excellent amenities, and surrounded by retail. For Lease: 41 South Had- don Avenue, Haddonfield. WCRE is offering a 2,000 s/f office in the heart of Haddon- field’s business district. ■
Haddon Avenue Transit Village
CAMDENCOUNTY, NJ—The Camden County Improvement Authority approved aMemoran- dum of Understanding (MOU) with Our Lady of Lourdes Medi- cal Center for the construction of an approximately 700-space parking facility to serve the hospital and provide space for other commercial uses. This new parking center, the second to be developed by the CCIA, will allow for the expansion and reconfiguration of Lourdes’ existing campus along Haddon Avenue. The CCIAwill serve as bond issuer, project manager and parking center operator, in a role similar to the one it performed for CCIA Parking
Center I, adjacent to Cooper Hospital. The overall project, managed and developed by Grapevine De- velopment, will convert property now used for surface parking or occupied by vacant and/or rundown industrial properties into Haddon Avenue Transit Village, a $90m mixed-use ur- ban neighborhood. This kind of development is made possible by New Jersey’s innovative Urban Transit Hub Tax Credit Pro- gram. The Transit Village will include:a grocery market, retail corridor, 40,000 s/f high quality office space, 250+ market rate workforce housing units, and a structured parking garage. ■
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