14A — December 23 - January 12, 2017 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal

ASTON, PA — Wolf Commercial Real Estate ( WCRE) rep- Thanksgiving Food Drive doubles in size in third year WCRE’ s Fein faci l itates 119,500 s/f industrial/flex sale E

Partners with Bloustein School Rutgers Business School Center for RE offer new cert.

estate providing students with an important skill set and knowledge of estate for future careers in real estate, public planning and urban design.” “We are excited to offer this certification in conjunction with the Rutgers Business School,” said David Listokin, a distinguished professor of urban planning and policy development at the Bloustein School. Clint Andrews, an as- sociate dean at the Bloustein School, added: “We recog- nize that this program offers a high value, low cost way for students to expand their knowledge base and acquire additional skills that will help them both professionally and in development of sustainable communities that provide a high quality of life for resi- dents. The reciprocal nature of this program is unique and offers students with expertise in design, land use, rede- velopment and planning an exposure to developers’ per- spectives. Students with real estate experience will receive an immersive experience in urban planning.” Currently the certification is only open to any Rutgers Master of City & Regional Planning or Master of Busi- ness Administration students. The program is designed so that students can complete a number of the 18 credits required for the certificate as a part of their coursework for their master’s degrees. The initial course offerings for the Spring 2017 semester at the undergraduate level will be Real Estate Capital Markets and Real Estate Finance. At the graduate level the course offerings are Real Estate Fi- nance, Real Estate Appraisal and Real Estate Law. “The Rutgers Business School, Center for Real Estate was established to provide students with the most impor- tant and current skills in the field of real estate,” said Mor- ris Davis, the Paul V. Profeta chair and academic director of the Rutgers Business School Center for Real Estate. n tax advisor, you can determine which strategies will have the greatest impact on your over- all financial situation. Robert H. Charron, CPA and Partner-in-Charge of Tax Department at Fried- man LLP and Jonathan Curry-Edwards, Tax Man- ager at Friedman LLP. n

NEWARK, NJ — Rutgers Business School Center for Real Estate , a rising academic program positioned to transform and inspire the next generation of real es- tate leaders, in partnership with the Edward J. Blous- tein School of Planning and Public Policy , has an- nounced it will now offer a graduate-level certification program focusing on real estate development and rede- velopment. Registration for the Spring 2017 semester is now open at Rutgers’ Newark campus and will continue un- til January 17th. Real estate development and redevelopment occupies a vital role in local, state and regional economies; of- fering vital employment and commerce opportunities. To effectively develop these sites to contribute value to the com- munities they serve, a multi- faceted base of knowledge is crucial to those working in this field. This certificate program will offer just that with a wide range of courses across the topics of land use planning, property tax re- gimes, urban redevelopment, environmental law and policy, community economic develop- ment, and others. Students receiving this certification will be set for a long and suc- cessful career in this crucially important field. “The Rutgers Business School, Center for Real Estate was established to provide students with the most im- portant and current skills in the field of real estate,” added Morris A. Davis, the Paul V. Profeta chair and academic di- rector of the Rutgers Business School Center for Real Estate. “This certificate focuses on the theories, methods, prac- tical skills, and contextual knowledge needed to work at high level within the industry. This innovative and interdis- ciplinary program integrates existing coursework offered at the esteemed Bloustein School of Planning and Public Policy and the Center for Real impact of itemized deduction strategies on your AMT li- ability. How to get started To plan for year-end, esti- mate your income, deductions, credits and other tax items for this year and next. Armed with this information and your

resented 50 Hilton St., L.P. in i ts acquisition of 50 Hilton St. in Easton. The subject property is a fully leased 119,500 s/f

Lee Fein

multi-tenanted industrial/ flex building situated on 5.24 acres. Lee Fein , senior VP at WCRE, represented the buyer in this investment transaction. “We are please to have matched our client with this terrific opportunity to pur- chase a fully leased building with high quality tenants in an ideal location,” said Fein. In other news, Just as WCRE has grown its business rapidly, its charitable initia- tives are following suit. The firm’s third annual Thanks- giving Food Drive concluded with the team bringing more than 150 bags of food and nearly $1,000 in supermarket gift cards to the Jewish Fam- ily and Children’s Service

50 Hilton Street

an international group of high- profile real estate practitioners who provide expert advisory services to clients on complex real property and land related matter. Membership in The Counselors of Real Estate is awarded by invitation only and recognizes professionals for their professional integrity and excellence in counseling services within the real estate industry. The credential invita- tion was approved at The Coun- selors of Real Estate Annual Meeting in Washington DC. “This is a unique and excit- ing acquisition for Center- Point,” said PJ Charlton , senior vice president of Invest- ments at CenterPoint. “The project consists of three qual- ity buildings that are fully leased, in addition to excess land that should provide for value creation opportunities in the future. The complex benefits from direct access to I-26 which is essential for distributors and port related “Initiatives like this help in several ways, because WCRE went beyond collecting food and funds, insipring many other businesses and individuals to help people in need,” said Marla Meyers, MSW, execu- tive director of Samost Jewish ing easy access to the Port of Charleston. food pantry. That’s more than double the amount the firm donated last year. During the past several weeks, WCRE collected food and grocery store gift cards from friends, clients, and col- leagues throughout Southern NJ and Southeastern PA.

Zellers is president, partner and broker of record of NAI CIR. A past Chairman of the NAI Global Leadership Board, the world’s largest network of independently owned com- mercial real estate firms, he currently serves on the Board’s Executive Committee. Zellers works with governmental, institutional and corporate clients of NAI CIR. across all service lines including sale and lease transaction advisory, as- set management, counseling and strategic planning. n users.” Facility features include a 121,466 s/f freezer with 42’ clear height, a 473,124 s/f bulk warehouse with 32’ clear height, and ample parking with 153 trailer positions and 190 car parking spots and ex- tra land to add more parking in the future if needed. “This is a very strategic and attractive opportunity to con- tinue to acquire logistically- advantaged industrial real es- tate for port-related tenants,” added Charlton. n The food drive is part of WCRE’s Community Com- mitment program, which also includes donating a portion of the proceeds from every trans- action to one of several local charities. In September the firm hosted its first charitable community event, a hockey game fundraiser in which local business leaders played along- side several former Philadel- phia Flyers. That event raised more than $45,000 for several local charities. n Family and Children’s Services of Southern NJ.

NAI CIR’s Robin R. Zellers receives the CRE Credential from The Counselors of Real Estate

HARRISBURG, PA — NAI CIR , a member of the world’s premier managed network

of commer- cial real es- tat e f i rms , a nn o un c e d t oday t ha t R o b i n R . Zellers , the firm’s presi- d e n t , h a s been awarded

Robin R. Zellers

the CRE (Counselor of Real Estate) credential by The Counselors of Real Estate ,

CenterPoint Properties acquires 615,090 s/f distribution complex

SUMMERVILLE, SC — CenterPoint Properties acquired a 615,090 s/f, three- building distribution complex located within the Charleston market at 1125 Newton Way in Summerville. Chris Nor- vell of HFF represented the seller. The three-building distribu- tion complex sits on 109 acres with extra land for future development. Fully leased to three port-related tenants, the strategic portfolio has frontage along I-26 provid-

continued from page 2A Five tax planning tips to consider . . .

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