9-25-15

10A — September 25 - October 15, 2015 — Post ICSC PA/NJ/DE Conference & Deal Making — Shopping Centers — M id A tlantic

Real Estate Journal www.marejournal.com

S hopping C enters

Plans to redevelop property to create a premier flagship location Thor Equities acquires first property in Washington, D.C.

W ashington, DC — Thor Equities has signed a con- tract to acquire its first prop- erty in Washington, DC, at 3000 M St. NW in Georgetown. Formerly the historic Latham Hotel, the 10-story, 125,000 s/f corner building features 280 feet of wraparound frontage on 30th St. and M St., the prime retail corridor in Washington, DC. Thor plans to redevelop the property including the retail space fronting M St. to create a premier flagship location. The company is also redeveloping

hotel and residential uses on the building’s upper floors. “3000 M St.’s location in the heart of Georgetown ben- efits from the large volume of tourists, students and other pedestrians who regularly visit the neighborhood to shop, eat and play,” said Joseph Sitt , CEO of Thor Equities. “We look forward to enhancing this property to maximize the area’s exciting growth opportunities.” Many of the world’s top retail brands are located along M St. and surrounding blocks, with Gant, Jonathan Adler, Bonobos and Billy Reid all recently leas-

ing space there. Other tenants in the area include Michael Kors, Tory Burch, Rag & Bone, Brooks Brothers, Madewell,

J.Crew, Lululemon, Coach, BCBG and Banana Republic. 3000 MSt. is also surrounded by popular restaurants and

bars, and close to Georgetown University and the main com- mercial intersection of Wiscon- sin Ave. and M St. n

R.J. Brunelli & Co. announces key executive changes

OLD BRIDGE, nj — R.J. Brunelli & Co., LLC an- nounced the appointments of founder Richard Brunelli as chairman of the board, Ron DeLuca as CEO, Dani- elle Brunelli-Albrecht as president, and Bill Lenaz as executive VP of business development. All four have been principals of the retail

real estate brokerage since the time it became an LLC in 2010. In the newly created role of CEO, DeLuca will work with Brunelli-Albrecht on strategic planning, while also directing R.J. Brunelli’s day-to-day operations, including review and approval of all represen- tation agreements, and other

legal documents; hiring of new staff; and oversight of all trade show activities. He

will also con- tinue to su- pervise the firm’s annu- al retail va- cancy study, as we l l as ensure that t h e s a l e s t e am c on - forms to the c ompany ’ s standards on landlord rep- resentation a c c o u n t s . Along with B r u n e l l i - A l b r e c h t , he will ad- d i t i o n a l l y c o n t i n u e to actively r e p r e s e n t t he f i rm’ s interests in nationwide broker net- work Realty Resources. In assum- ing the reins f r o m h e r f a t h e r a s p r e s i den t , Brunelli-Al- brecht will be respon- sible for the overall man-

Richard Brunelli

FANNIE MAE LOAN $152,965,000 10-year fixed, 2 years I/O 2,183-unit multifamily portfolio Mid-Atlantic region

FREDDIE MAC LOAN $39,204,000 10-year fixed, 4 years I/O 310-unit mid-rise apartments Falls Church, VA

FHA 232/223(F) LOAN $23,691,700

CONDUIT LOAN $28,400,000 10-year fixed, 2 years I/O 264-unit garden apartments Delmar, DE

35 years fixed-rate, non-recourse 180-bed skilled nursing facility Sayville, NY

Ron DeLuca

Danielle Brunelli- Albrecht

Building relationships is important.

Bill Lenaz

agement of the firm’s team of sales associates; recruitment of new sales associates; en- suring that the sales team conforms to the company’s standards on tenant repre- sentation assignments; and oversight of all advertising and public relations activi- ties. As spokesperson for the firm, she will also continue to appear on various retail real estate industry panels. Lenaz, in the newly created position of Executive VP of business development, will focus his efforts on significant new retail development proj- ects, consult and mentor the firm’s sales staff in develop- ment areas, as well as uncover new areas for investment for consideration by the R.J. Brunelli Board. n

Understanding what’s important. At M&T, we know that growing and maintaining strong relationships with our customers truly matters. This is how our experienced origination, underwriting and asset management teams provide financing solutions that meet each borrower’s unique needs. And our customers like the way we do business. We’re proud that 75% of our new business comes from repeat borrowers. 1 Find out how you can become one of them.

1Basedon internalcustomerdata. All loansandall terms referencedhereinaresubject to receiptofacompleteapplication,creditapprovalandotherconditions. ©2015 M&T Realty Capital Corporation. Equal Housing Lender.

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