10A — July 25 - August 14, 2014 — M id A tlantic

Real Estate Journal


P eople & C ompany N ews

Colliers names Norris as property manager

Team recognized for relocation of GAF headquarters CBRE wins NAIOP’s “office deal of the year” award

said Louis Kousouris , presi- dent and principal of Colliers. Prior to joining Colliers, Norris was a real estate man- ager for Digital Realty Trust in Chantilly, VA, where he managed the preparation of budgets and reports, super- vised payment processes and oversaw lease compliance. Previously, he was property manager for First Potomac Realty Trust , building man- ager for Mack-Cali Realty Corp. , property manager for Monday Properties and as- sistant property manager for CB Richard Ellis . Norris holds a Virginia real estate license. He earned his Bachelor of Science in global business and public policy from the University of Maryland. n

BALTIMORE, MD — Col- liers International in Bal- timore, a full-service com-

ADDLE BROOK, NJ — CBRE Group, Inc. an- nounced that its team of Jeff Babikian , executive vice president, and Brian Godau , vice president, was awarded NAIOP ’s prestigious “Office Deal of the Year” award. CBRE was recognized for representing GAF, which pur- chased One Campus Dr., a 377,000 s/f office building in Parsippany, NJ, that will serve as the company’s new corporate headquarters. The sale marked one of the largest office building transactions in New Jersey in 2013 and was instrumental in retaining GAF’s headquarters within the state. “Despite a focus on GAF’s cost savings initiatives, we were able to keep a prominent company located in New Jer- sey by evaluating all options and we’re honored that an organization such as NAIOP recognized all the hard work that went into making this happen,” said Babikian. “The price for this property on a per-square-foot basis was far S

mercial real estate firm, h i r e d J a - son Norris as property m a n a g e r . Norris brings more than 15 years of ex- perience in

below any replacement or new construction cost for a building of this size and quality. This allowed GAF to invest in the space itself to accommodate its specific needs and create a world class headquarters environment.” Subsequent to the sale, GAF launched a $30 million dol- lar renovation project, led by Normandy Partners , to bring the building up to cur- rent commercial standards and create a LEED certified, class A headquarters facility. “The major challenge that we faced in this deal, which I think the NAIOP team rec- ognized, was that we needed to secure approval from the municipality for GAF’s in- tended office and R&D use of the space in a relatively short timeframe,” said Godau. “In addition, the purchase was arranged by the property’s special servicer through a bid process. We needed to fully understand the competitors to determine if GAF’s bid was high enough to ensure it would be selected, yet remain within say has been with SVN-Miller since 2009, and has handled in-house property manage- ment and lease administration for the last 3 years. The Institute of Real Estate Management, an affiliate of the National Association of REALTORS , is an association of professional property and asset managers who have met strict criteria in the areas of education, experience, and a commitment to a code of eth- ics. The CPM designation is the industry’s premier real es- tate management credential.

the company’s budget. And the team was able to accomplish all this.” GAF’s approximately 600 employees working at the com- pany’s current headquarters in Wayne are expected to transfer to the new location in early 2015. The new site will allow for continued growth, resulting in job retention for the state and potential future jobs, while at the same time providing GAF with the easy access to key roadways and the high vis- ibility the company had sought. “Throughout the process, the CBRE and GAF teams demonstrated ample patience in following an arduous and tactful process,” said Jeff Hip- schman , senior managing director, CBRE New Jersey. “The transaction proved to be a great success, not just for CBRE and for GAF, but for the Parsippany market and New Jersey, as a whole. I’m glad NAIOP was able to appreci- ate the value of this deal and recognize all its benefits and potential benefits for the New Jersey job market.” n Over the course of the next 18 months, Lindsay will complete in-depth education on topics including but not limited to financial tools, marketing & leasing, and managing the physical asset. “We are excited that Lindsay is pursuing her CPM designation to better serve our clients. It is our goal to provide the highest level of service to our client base, and the knowledge that Lindsay will gain from the classes needed to receive her designation is invaluable,” said Miller. n

Jason Norris

property management, cus- tomer relations and opera- tions. “We are thrilled to add Jason Norris to the Colliers team as he brings the depth of expe- rience, work ethic and high degree of professionalism that we expect from our property management professionals,”

GREYHAWK wins Project of the Year from the CMAA

Hall of SVN-Miller approved for Certified Property Manager (CPM) candidacy

Kingsway Regional High School

SALISBURY, MD – Amy Miller, CPM , managing di- rector of Sperry Van Ness –

grade and 11th/12th grade “sides” of the building. The existing High School building was an approximately 222,000 s/f single-story structure. The project included approximate- ly 37,500 s/f of additions, and the renovation of approxi- mately 15,000 s/f of existing space. Renovations and addi- tions included an addition of a 9th and 10th grade classroom wing, renovation of existing administrative offices to create a new cafeteria; renovation and addition of media center; music suite addition, renova- tion to create new central dis- trict office area, addition and renovation to create new PE training room; and renovation to create new TV studio and new computer lab. n

MOORESTOWN, NJ — GREYHAWK , a national project management and con- sulting firm, recently received a 2014 Project of the Year award from the Mid-Atlantic Chapter of the Construction Management Association of America [CMAA] . The annual awards program rec- ognizes outstanding achieve- ment in the practice of con- struction management. GREYHAWK was awarded the 2014 Project of the Year for K-12 school projects under $20 million for the additions and renovations to the King- sway Regional High School in Woolwich Township, NJ. Work at the High School focused on converting the school into more clearly defined 9th/10th

Miller Com- m e r c i a l Real Estate is announced that proper- ty manager L i n d s a y Hall has be- come a can- didate for the

Lindsay Hall

Certified Property Manager (CPM) designation through the Institute of Real Estate Management (IREM) . Lind-

BALTIMORE, MD — An- drew Roud , vice president, land use for St. John Prop- Roud, VP, St. John Properties, assumes new responsibilities worked with the company since 2009, will now oversee all state and local political and legisla- tive relations and activities. As vice president, land use, Roud is involved with the analysis and entitlement of ex- isting and potential properties and mixed-use developments for the company that owns and manages more than 17 million s/f of R&D/flex, office, retail and warehouse space throughout eight states. He has more than 27 years of com- mercial and retail real estate experience and is a member of NAIOP Maryland and the Urban Land Institute . “Andrew brings an impres- sive background in political and legislative relations to this position, as well as a critical understanding of the importance of developing and maintaining strong lines of communication with our elect- ed leaders,” said Lawrence Maykrantz , president, St. John Properties. n Andrew Roud erties, Inc. , has assumed a d d i t i o n a l responsibili- ties for the full-service commercial real estate development and manage- ment company headquartered in Baltimore. Roud, who has

Mack-Cali announces appointments EDISON, NJ — Mack- Cali Realty Corporation an- nounced that its board of direc- tors has appointed Anthony Krug as chief financial officer of the company and Gary T. Wagner as chief legal officer and secretary of the Company. Krug previously served as acting chief financial officer and chief accounting officer. Wagner previously served as vice president and senior asso- ciate general counsel and had served as the acting chief legal officer and interim secretary. n

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