28A — April 13 - 26, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
S OUTHERN N EW J ERSEY
VP McGovern reps lessee CBRE brokers 9,874 s/f with The TJX Companies
Hersh & Martin negotiate 7,500 s/f lease of medical space Markeim-Chalmers inks 35,000+ s/f of office space
MOUNT LAUREL, NJ — Dan McGovern, Vice Presi- dent at CBRE, Inc. (CBRE),
apparel and home fashions in the U.S. and worldwide. “901 Lincoln Drive West was a great opportunity for TJX. They were able to re- duce their occupancy costs while keeping their high end Class A corporate envi- ronment. 901 Lincoln Drive West also allowed TJX the opportunity to expand as their business continues to grow.” addedMcGovern. The financial details of the trans- action remain undisclosed. Other major companies such as IHC Risk Solu- tions and Defense Support Services also reside in the building. Bryant Hill rep- resented Hill Properties in the transaction. ■ The New Jersey Tri-County Region headquartered in Camden County Missa Bay and Drug- store.com in Gloucester County. Fast growing small companies include Webinax in Mount Laurel, Channel Logistics in Camden City and SolarWorks in Turnersville. The healthcare and educa- tion sectors continue to grow within the region with nearly $ 2 billion in investment in our region in just the last few years. Healthcare in- vestments include the new 370-bed Virtua Hospital in Voorhees, a major transfor- mation of Health Sciences Campus in Camden includ- ing the construction of a new 4 year medical school in Camden City, A new pa- tient pavilion and a new cancer center. In Gloucester County expansions include Underwood Memorial, Ken- nedy Wellness Center, Penn Medical facilities, Virtua Health Systems, and Ken- nedy Hospital. Major capital investments in the education sector include Rowan Uni- versity expansion, Rutgers University Law School and new graduate dormitories, and significant expansions at each of the three county community colleges. With its strategic location supported by superior in- frastructure and workforce and its high quality of life communities, the Burling- ton, Camden and Gloucester County region continues to be an excellent place in which to live, work and play and invest. ■ continued from page 26A
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HERRY HILL, NJ – Markeim-Chalmers, Inc. (MCI), a leading
Cherry Hill, NJ. Seth repre- sented 2250 Chapel Avenue, LLC (landlord) and Scott rep- resented UMDNJ (tenant). Markeim-Chalmers’ vice pres- idents, Kevin Burns and Seth Hersh, negotiated the sale of 204 Kings Highway South in Cherry Hill, NJ representing both seller, 5 Jays, LLC and the buyer, 204 Kings Highway, LLC. The 2,500 s/f office sold for $295,000. Scott Martin, vice president with Markeim-Chalmers ne- gotiated a 7-year lease term for Velocity Sports/Rothman Institute of 14,000 s/f at 309 Fries Mill Road, Sewell, NJ, occupancy March 2012.
Fred Berlinsky, president, and Kevin Burns, vice presi- dent, of Markeim-Chalmers negotiated the renewal of two leases at 5090 Central Highway, Pennsauken, NJ for the Landlord, J&J Snack Foods. Two tenants, WIS In- ternational and Vital Network Services occupy over 10,000 s/f at the building. Fred Berlinsky, president of Markeim-Chalmers, arranged the long term office lease of 1,200 s/f at Cherry Hill Plaza, 1415 Route 70 East in Cherry Hill, NJ, representing both the tenant, Ramoco Fuels and the landlord, CHP Associates, LLC. ■
successfully b r o k e r e d a 9,874 s/f lease with T h e T J X Companies, Inc. at 901 L i n c o l n Drive West in Marlton,
commercial real estate and ap- praisal firm in Southern New Jersey, announced the nego- tiation of several commercial sales and leases in Burling- ton, Camden and Gloucester Counties. Representing more than 35,000 s/f, the deals were completed over the last few months and involve primarily office space. Seth Hersh and Scott Mar- tin, both vice presidents with Markeim-Chalmers, negoti- ated the long-term lease of a 7,500 s/f medical space at the Rutgers Casualty Building in
Dan McGovern
NJ. The property, owned by Hill Properties, is a Class A Office Building with im- mediate access to Routes 73 & 70, I-295 and Exit 4 of the New Jersey Turnpike. The TJX Companies, Inc. is the leading off-price retailer of
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