12-23-16

4A — December 23 - January 12, 2017 — M id A tlantic

Real Estate Journal

www.marejournal.com

M id A tlantic R eal E state J ournal C PartneredwithMorford &Dodd Realty to rep. landlord Garibaldi orchestrates165,000 s/f NJ biotech campus sale

Prime Properties in Southern New Jersey Available For Lease

HATHAM, NJ — The Gar ibaldi Group / CORFAC Interna- tional announced their efforts in orchestrating the sale of a biotech pharmaceutical facil- ity in New Jersey to QuVa Pharma, Inc., a recently formed national platform for sterile compounding pharmacy. The Garibaldi Group represented both the buyer as well as the seller in the transaction, an in- ternational Fortune 500 Phar- maceutical Company. Financial terms of the private transaction were not disclosed. QuVa Pharma currently op- erates two Texas-based 503B

Whitesell Properties >> Industrial >> 1050 Thomas Busch Memorial Highway, Pennsauken, NJ

PRIME PROPERTY FOR LEASE 1050 THOMAS BUSCH MEMORIAL HIGHWAY

• Exceptional 47,591 SF Single-tenant Warehouse / Manufacturing Building • 24’+ Clear height, 1200 Amp Electric, T-5 Lighting, and Skylights • 6 Tailgates, 2 Drive-ins, and 94 parking stalls. • Prime Logistics Opportunity minutes from Downtown Philadelphia, I-95, I-295, NJ Routes 38, 70, US Route 130, and NJ Turnpike Exit 4

QuVa Pharma NJ Campus

registered manufacturing fa- cilities. In August 2015, the company received a majority equity commitment from Bain Capital Private Equity to sup- port creation and expansion plans. The 165,000 s/f biotech cam- pus will be converted to enable PUBLIC COMMERCIAL REAL ESTATE AUCTION

QuVa Pharma to significantly extend its production capabil- ity and capacity to deliver high-quality, ready-to-use com- pounded sterile drug prepara- tions to hospitals in key mar- kets in the eastern half of the US. QuVa Pharma anticipates the state-of-the-art 503Bmanu- facturing campus will com- mence operations in mid-2017. The buildings will be modified to meet or exceed the FDA’s requirements for sterile manu- facturing in the 503B setting. The site will include complete in-house product and environ- mental testing capabilities, both of which support a major industry quality initiative that QuVa Pharma is leading. “It’s great in this industry when you can say that you helped deliver a win-win sce- nario, and I believe that’s what we were able to do with this transaction,” said Jeff Garib- aldi , president of The Garib- aldi Group. “This deal helps establish a sterile compound- ing company with a strategic location to serve their logistic and supply chain needs, in ad- dition to creating high paying jobs for the local and regional economy.” The Garibaldi Group team of Jeff Garibaldi, Charlie Dai and Scott Garibaldi repre- sented Quva Pharma, Inc. in the purchase, while the team of Jerry Moore and Chuck Bower of The Garibaldi Group partnered with Bob Morford of Morford & Dodd Realty, Inc. to represent the landlord. n JLL Inks 83,497 s/f lease for Ogilvy CommonHealth Worldwide PARSIPPANY, NJ — JLL has completed a renewal trans- action the institutional owner- ship of Morris Corporate Cen- ter III, 400 Interpace Pkwy., in Parsippany, with Ogilvy CommonHealth Worldwide. The healthcare marketing ser- vices firm signed for 83,497 s/f within Building C at the class A office property. n

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PUBLIC COMMERCIAL REAL ESTATE AUCTION

17,231 Sq. Ft. Commercial Building, & 1,300 Sq. Ft. Office Building, on 1.082 Acres JANUARY 11TH , 2016 @11:00 A.M. (Snow Date: January 18th@11:00 A.M.) Formally: Transatlantic Foods, Inc. 100 Hudson Ave. & Clam House Rd., (Off Keyser Ave.), Scranton, PA 18504 PUBLIC COMMERCIAL REAL ESTATE AUCTION

17,231 Sq. Ft. Commercial Building, & 1,300 Sq. Ft. Office Building, on 1.082 Acres, 315’ Road Frontage on Hudson Ave. January 11 , 2017 at 11:00 A.M. (Snow Date: January 18 th @11:00 A.M.) Formally: Transatlantic Foods, Inc. 100 Hudson Ave. & Clam House Rd., (Off Keyser Ave.), Scranton, PA 18504 INSPECTION: BY APPOINTMENT! Details: Col. Steve Sitar (Sitar Auctions) Ph:(570) 586-1397. Cell:570-954-7001 Pa.Lic.AU:2124-L www.sitarauctions.com www.auctionzip.com ID#4989 (4), Power Rooms, Two Large Hot Water Heaters and More! Loading Docks, (5) Drive in Area, Pallet Racking Office Building: 1,300 SF Public Utilities” Water, Sewer, 3 Phase Power Parking Spaces Available-24 Assessment 2016: Land: $5,340, Improvements: $44,660, Total: $50,000. Taxes: $12,559.35

ReAl eSTATe FACTS: PIN No. 132003000101 Deed Book PGe/Ref No. 2013-22146 Zone: Other Commercial Acreage: 1.082 Acres.

Main Building: 17,231 SF, Ceiling Heights 9’-16’ , Rooms: Consisting of Refrigerated, Freezer, Smoking, Processing, Dry Storage, Lockers & Restrooms

Sq. Ft. Commercial Building, & 1,300 Sq. Ft. Office Building, on 1.082 Acres, 315’ Road Frontage on Hudson Ave. January 11 , 2017 at 11:00 A.M. (Snow Date: January 18 th @11:00 A.M.) lly: Transatlantic Foods, Inc. 100 Hudson Ave. & Clam House Rd., (Off Keyser Ave.), Scranton, PA 18504 INSPECTION: BY APPOINTMENT Terms of Sale: A Non-Refundable deposit of Twenty Five Thousand ($25,000) by the successful and highest Bidder at the time of sale. Balance to be paid upon closing, Closing to be within Forty Five (45) days. Time being of the Essence. This Sale not contingent upon financing. Sale Subject to Approval of a motivated seller! For more Information & Photo’s, check our Web Site! Hire the Commercial, Industrial & Real Estate Auctioneers! Col. Steve Sitar (Sitar Auctions) Ph:(570) 586-1397 Cell:570-954-7001 Pa.Lic.AU:2124-L www.sitarauctions.com www.auctionzip.com ID#4989 INSPECTION: BY APPOINTMENT! Details: Col. Steve Sitar (Sitar Auctions) Ph:(570) 586-1397. Cell:570-954-7001

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