9-25-15

Real Estate Journal — Owners, Developers & Managers — September 25 - October 15, 2015 — 3B

www.marejournal.com

M id A tlantic

O wners , D evelopers &M anagers Webb andMilammarket 21,150 s/f apartment property Marcus & Millichap arrange apartmentbldg. sale for$1.7m

Prime Property for Lease in Southern New Jersey

Whitesell Properties >> Industrial >> 400 Richards Run, The Haines Center Burlington, NJ >> 510,566 sq. ft.

REDERICK, MD — Marcus & Millichap announced the sale of The Westerleigh, a 30-unit apartment property located in Frederick, according to Bryn Merrey , regional man- ager of the firm’s Washington, DC office. The asset sold for $1,787,500, which is approxi- mately 98% of the listing price. Cameron Webb , associ- ate and Stacey Milam , first vice president investments, both in Marcus & Millichap’s Washington, DC office, had the listing to market the prop- erty on behalf of the seller, a long-term owner of primarily shopping centers. The buyer, a Baltimore-based private in- vestor with a diverse portfolio, was secured and represented by Kyle Rogge , an associate also in Marcus & Millichap’s Washington, DC office. The purchase fulfilled the buyer’s 1031 exchange from an indus- trial property in Baltimore. The buyer chose to retain the seller to manage the property. The Westerleigh, originally constructed in 1990, is located within a half mile of down- town Frederick at 410-412 West South St. The 21,150 s/f property consists of a 24-unit building and two townhouses with six units total. n F LeMar appointed executive director of PWC NY NEWYORK, NY — Profes- sional Women in Construc- tionNY (PWC) has appointed Chelsea LeMar as executive director. LeMar brings to the nonprof- it organization an internation- al and domestic background working with public programs that provide the support and resources that enable various groups to flourish and thrive. She will concentrate on devel- oping, rebranding and expand- ing PWC’s scope and mission in multiple areas including mentorship and continuing education; membership re- cruitment; and building con- nections with both the public and private sectors. LeMar holds a Master in Public Ad- ministration from the London School of Economics. She has worked on policy development with the U.S. Department of Transportation and with the U.S. Department of Commerce and the International Budget Partnership (UK/Kenya). n

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• Cross-dock distribution warehouse • 4000 amp electric • 30’-37’ clear height • 84 TG’s, 2 DI’s • ESFR sprinkler system • Direct Access to NJ Turnpike Exit 6

856-764-2600 | www.whitesellco.com Commercial Office & Industrial Real Estate

The Westerleigh

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