6B — February 27 - March 12, 2015 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers HFF marketed the 198-unit property on behalf of TGM Associates HFF closes the sale of apartment and townhome community in West Chester, PA W EST CHESTER, PA — HFF an- nounced that it has

garden- and townhome-style property consists of six, two-sto- ry courtyard buildings contain- ing 48 one-bedroom flats, 109 two-bedroom townhomes and 41 three-bedroom townhomes with flat-style units averaging 770 s/f each and townhome units averaging 1,076 s/f. Com- munity amenities include a newly-renovated clubhouse, fitness center and bark park. The HFF investment sales team representing the seller was led by senior managing directors MarkThomson , Zac Pierce and Jose Cruz .

“Halstead represents the op- portunity to continue a proven renovation strategy in one of Philadelphia’s most highly-ac- claimed suburban submarkets. Investors continue to target West Chester due to strong rental growth, low vacancy, high household income, and the increasing number of jobs throughout the area,” said Thomson. Pierce added, “We’ve had success in marketing more than 700 units in and around the borough in the past two years.” n

closed the sale of Halstead, a 198-unit apartment and townhome community in West Chester. HFF marketed the property on behalf of the seller, TGMAs- sociates. MetropolitanManage- ment Corporation purchased the asset. Halstead is situated on more than 11 acres at 812 Goshen Rd. near Routes 202 and 322 and the West Chester Pike in the heart of West Chester. The

812 Goshen Rd.

Benchmark Construction promotes Ray and Blantz

When it comes to third-party applications, IBS brings IT all together.

BROWNSTOWN, PA — Benchmark Construction Company, Inc. announced

that Darryl Blantz and K e n n e t h Ra y h a v e been promot- ed to project superinten- dent. Blantz and Ray will coordinate all site construc- tion activi- ties and su- pervise and train all field personnel as required to successfully complete the p r o j e c t on

Darryl Blantz

Providing real estate technology solutions with deep functionality, flexibility and scalability

Kenneth Ray

schedule and within budget. Blantz joined Benchmark in 2002 as a carpenter. In 2007, he became a foreman and in 2012 was promoted to an assis- tant superintendent. He has over 25 years of construction- related experience. Blantz’s certifications include 30-hour OSHA, PennDot Traffic Con- trol, Vertical Mast/Variable Reach Forklift, Rough Terrain Forklift Operator, Aerial Lift, Nelson Fire Protection and First Aid/CPR/AED. Ray joined Benchmark in 2005 as a carpenter. In 2010, he became a foreman and in 2012 was promoted to an as- sistant superintendent. He has 20 years of construction- related experience. Ray’s cer- tifications include 30-hour OSHA, Rough Terrain Forklift Operator and First Aid/CPR/ AED. n

Contact us today. sales@ibsre.com www.IBSRE.com (973) 575-4950

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