10B — April 12 - 25, 2013 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
P eople on the M ove
Opening of the ASPNJ Scott Flamm Ctr. Hollister Construction attends ribbon-cutting
DISON, NJ — Heller Industrial Parks , one of the nation’s At annual broker recognition dinner Heller Industrial Parks honors brokers for 2012 deals E • Chuck Fern, Cassidy Tur- ley • Bill Sitar, Jr., Sitar Re- alty • Bernie Zimmel, Zimmel Assoc.
• Ben Shapiro, CBRE • Paul Cohen, CBRE • Steven Beyda, CBRE • Stacey Weinberg, for- merly CBRE • John Kainer, Colliers In- ternational • Rich Goredesky, Colliers International • John Cascio, Buss Re- alty • Jordan Metz, Bussel Re- alty • Manny Judah, Bussel Realty • Steve Bussel, Bussel Re- alty • Steve Nozza, Bussel Re- alty • Tony Merlowitz, Bussel Realty • Joel Lubin, John Lang LaSalle • Lonnie Pannucci, Logisti- cal Properties • Dave Saltzman, New- mark • Tom Nuara, Resource Realty As one of the region’s lead- ing owners/managers/leasing agents, Crossroads Companies’ retail shopping centers are lo- cated throughout New Jersey and Rockland County, N.Y. The company is focusing on expanding its market presence in Central and Northern New Jersey as well as Rockland and Orange counties in New York. Prior to joining Crossroads Companies, Caparruva served as a director with Fameco Real its leadership has recently changed, the firm’s passionate practice of architecture and its support of its employee-owners and the community have con- tinued, earning it recognition as the 2012 AIA-NJ Firm of the Year.” Spiezle, which was founded nearly 60 years ago, has grown to a 50-person firm that spe- cializes in sectors including primary, secondary and higher education; municipal and gov- ernment; corporate; and senior
largest privately held owners and developers of industrial real estate, recently hosted its annual broker recognition din- ner to honor those who worked with Heller to complete 28 deals totaling 3,039,432 s/f in 2012. These transactions gen- erated more than $1.5 million in broker commissions. The event was held on February 20th at the Stage Left Restau- rant in New Brunswick. “We have always valued our relationships with the bro- kers,” said Heller senior vice president Steve Kaufman . “They have a passion for what they do and a tireless work ethic, making them an im- portant aspect of why we are so successful in closing these deals.” Brokers honored by Heller for their 2012 accomplish- ments were: • David Thomas, Blau and Berg
To keep open lines of commu- nication with brokers, Heller sends out bi-weekly notices on availabilities in its portfolio and offers special promotions. Those efforts are just part of the firm’s relationship-centric approach and dedication to real estate fundamentals. Kaufman adds that brokers appreciate working with Heller because the companymaintains a robust financial condition that enables them to establish rental rates that are lower than neighboring industrial property owners. Also envied is Heller’s pattern of reducing mortgages and lowering expenses to in- creases profits, which are then reinvested back into the proper- ties. Low debt service, aggres- sive rental rates and a sound working relationship with the brokerage community enable Heller to consistently exceed a 99 percent occupancy level. n Estate and as a principal and broker of record with Fidelity Properties. During the course of his career, he has closed nearly $1 billion in transac- tions totaling in excess of 6 million square feet. Caparruva is an active member of ICSC and chairman of the ICSC NJ PAC. “Looking at Crossroads Com- panies’ accomplishments to date, this is a very exciting time to join the company,” said Caparruva. “I look forward to advancing Crossroads’ out- standing reputation and track- record to help the company grow correctly with the right projects.” n living. In addition to Spiezle’s busi- ness endeavors, the firm was recognized for its support of AIA. The firm continues to fund the membership of all of its licensed architects and sub- sidize those of associate archi- tects, encouraging professional and leadership development. Spiezle also provides flexibility for its employees to be active in the AIA, with such activities including leadership and com- mittee chair positions. n
Scott Flamm Center for Afterschool Development
NEWARK, NJ — Hollister Construction Services joined representatives from the All Stars Project (ASP) of New Jer- sey andmembers of the Newark community in a ribbon-cutting ceremony celebrating the open- ing of the All Stars Project of New Jersey Scott Flamm Cen- ter forAfterschool Development (ASPNJ Flamm Center) at 33 Washington St. Representatives from Hollis- ter, including chief executive of- ficer ChristopherA. Johnson and president Kieran D. Fla- nagan , also joined corporate leaders, elected officials and the Newark community in a Grand Opening Celebration at the ASPNJ Flamm Center, which included special performances by young people participating inASP’s youth workshops. Hol- lister was responsible for the comprehensive interior renova- tion of the 9,000 s/f space, which will serve as the headquarters for ASP in New Jersey and will house the group’s innovative programs for Newark’s under- served youth. “For Hollister, the importance of the ASPNJ Flamm Center Whippany, NJ — The Morris County Economic Development Corporation (MCEDC) recognized the Cushman & Wakefield, Inc. team of Robert Donnelly Sr., Robert Donnelly Jr., Marc Rosenberg and David Bernhaut with its Real Estate Award – Office Category during the organization’s 21st Annual Partners in Economic Devel- opment Awards Luncheon in March. The honor recognized the impact of Bayer Healthcare’s acquisition of 94 acres inWhip- pany from Vision Equities/ Rubenstein Partners, and the
greatly surpasses the size of the actual project,” said Johnson. “One of our core commitments as a company is to help in the revitalization of Newark, with a special focus on programs that reach out to kids from the city’s most underserved neigh- borhoods. We are very proud to support ASP, and this center now gives the group expanded space for programs that offer Newark’s kids unique oppor- tunities that they need and deserve.” Hollister has supported the All Stars Project since 2008, and provides opportunities for its youngsters through paid summer internships. The new headquarters, which includes a performance space seating for 125, a leadership conference center, and workshop, produc- tion and volunteer spaces, was designed by Doug Balder; while the architect of record is Posen Architects. It is the centerpiece of ASP’s $9.2 million expansion campaign, with $7.5 million raised to date. Hollister was selected for the project after a competitive bidding process involving six companies. n subsequent launch of the phar- maceutical giant’s 675,000 s/f, build-to-suit East Coast Head- quarters facility there. Cush- man & Wakefield represented the developers in the deal. David Warren of Resource Realty also was recognized by MCEDC, as exclusive broker for Bayer Healthcare. The transaction represents one of New Jersey’s largest 2012 property sales as well as the largest development project launched in the Garden State last year. It also marks the first milestone for Vision Equities/ Rubenstein Partners’ 200-acre, mixed-use campus. n
MAHWAH, NJ — Carlo J. Caparruva has joined Cross- roads Companies, LLC , Caparruva joins Crossroads Companies retail and brokerage commu- nity, and his leasing expertise will be of tremendous value to Crossroads Companies,” said Hittman. “He will be an inte- gral part of our services.”
as executive v i ce pres i - dent of leas- ing services, announc ed Steve Hit- tman , t he c omp a n y ’ s p r e s i d e n t and CEO.
Carlo Caparruva
In his new role, Caparruva will oversee all leasing activi- ties related to Crossroads’ de- velopment projects and existing portfolio, as well as third-party real estate services. “Carlo’s relationship with the
MCEDC Honors Cushman & Wakefield
AIA-NJ awards Spiezle Architectural Group “Architectural Firm of the Year”
P O I N T P L E A S A N T BEACH, NJ — S piezle Ar- chitectural Group , a Trenton based architecture firm, was recently recognized as the New Jersey chapter of theAmer- ican Institute of Architects ’ 2012 “Architectural Firm of the Year” at the organization’s annual awards dinner. “Spiezle has a long history of professional, community and technical accomplishments,” said Jack Purvis , the 2013 president of AIA-NJ. “While
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