16B — September 25 - October 15, 2015 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
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2015 G overnor ’ s C onference
First office space developed in Camden since passing of NJ Economic Opportunity Act of 2013 Colliers International selected to lease new loft office space development in Camden, NJ
AMDEN, NJ — Col- liers International/ Southern New Jer- sey announced that it has been selected to facilitate the leasing of 300 N. Delaware Ave., Camden, NJ, located just one block from the Benjamin Franklin Bridge and a short walk from both PATCO and RiverLine train stations. Upon completion, it is expected to be the first new office space being developed in Camden, NJ since the passing of the NJ Economic Opportunity Act of 2013. Current plans have the building ready for occupancy C
300 N. Delaware Ave.
as soon as May 2016. Originally built as the Ruby Match Factory, it soon became Campbell’s first warehouse. The historic building will be transformed into modern loft
offices with open truss ceil- ings, exposed rafters, and an airy loft plan while maintain- ing the original structure and brick. The end result will be over 70,000 s/f of modern loft
300 N. Delaware Ave. (interior)
offices on three floors with cutting-edge design with views of the Philadelphia Skyline. Also included will be a retail/ food & beverage component. This project is eligible for State incentives via the NJ Grow program. Qualified em- ployers are eligible to receive tax incentives in excess of their rent, based upon the number of jobs being relocated to Camden. The building is developed and managed by Athenian- Razak , a Philadelphia-based real estate services firm. n What is all the fuss about LED. . . the LED replacement market, LEDs are surely becoming a permanent part of our land- scape. •Insurance rebates LED lighting and controls provide an opportunity for better, safer security and can help decrease property risk factors; helping to reduce in- surance cost. •Federal andStaterebates Many businesses qualify for both federal and state rebates for installing LED lighting and control upgrades. With payback periods averaging 14 to 18 months and private fi- nancing available for projects, now is the right time to jump on board and start your retro- fit project. Save energy without sacri- ficing style and convenience is one huge benefit that a property owner and / or ten- ant receives by installing LED lighting and control upgrades. Receiving low cost financing, lower maintenance cost and increasing your property value are all great reasons to explore your options today. n continued from page 9B
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