S hopping C enters N ew J ersey S potlight S outhern
Real Estate Journal — Southern New Jersey — October 14 - 27, 2016 —7B
www.marejournal.com
M id A tlantic
Brad Nathanson, Executive VP of CBRE, represents the seller and procures the buyer CBRE arranges sale of BJ’s Wholesale Club in Maple Shade, New Jersey for $15.6 million
M
APLE SHADE, NJ — CBRE Group, Inc. (CBRE) has
brokered the sale of a BJ’s Wh o l e s a l e Club located at 131 East Kings Hwy. i n M a p l e Shade. Ex- ecutive vice p r e s i d e n t
Brad Nathanson
Brad Nathanson , on behalf of CBRE, represented the seller, SIN Ventures Maple Shade, LLC and procured the buyer, Apex Financial Advi- sors, Inc., in the transaction. The 109,841 s/f free-standing property sold for $15.6 million. As one of the tenant’s first locations, BJ’s has been a ten- ant at this location since 1986. Maple Shade has always been one of the top sales locations within the chain given its MULLICA HILL, NJ — Skanska USA has signed a contract with Inspira Health Network to build a new hos- pital building in Mullica Hill. This is the second major hospital contract Skanska USA has announced in the Delaware Valley in the third quarter. In August, Skanska USA announced it was se- lected to the build the Women and Children’s Health Build- ing for Christiana Care Health System in Newark, Delaware. The new Inspira Health Network Medical Center will be built under the Integrated Project Delivery (IPD) ap- proach, which brings together the client, designer and the builder to align stakeholders and streamline the execution of the project. The newmedical center will be Skanska USA’s largest IPD project to date in North America. With its partners Array Architects and Leach Wal- lace Associates , Skanska USA will construct a five story hospital building with 204 beds. The main tower consists of operating rooms, an emergency department,
5 Giralda Farms
131 East Kings Hwy.
proximity to Philadelphia by way of Rte. 38 and the afflu- ent towns of Mount Laurel, Marlton, and Cherry Hill. In 2005 they completed a major interior remodel, which in- asset given BJ’s long tenure at this location coupled with their high volume sales and low rent. The property is well posi- tioned at the signaled corner of Kings Highway and Lenola Rd. Skanska USA signs contract to build hospital in NJ bordering Maple Shade Twp. and Morrestown, two of the wealthiest towns within south- ern New Jersey, with little to no wholesale club competition in the immediate area.” n cluded the expansion of their liquor operations as well as an additional 5,609 s/f for a BJ’s Tire Center. Nathanson said, “There was a tremendous demand for the
of Gloucester County will be a great asset to the entire re- gion,” said John DiAngelo , president and CEO of Inspira HealthNetwork. “This modern facility will allow our physi- cians and staff to offer our neighbors easy access to an even higher level of quality health care.” Construction will begin in the first quarter of 2017 and is scheduled to be complete by December 2019. Skanska has extensive healthcare experience in the Delaware Valley including the Capital Health Replace- ment Hospital, Christiana Care’s Women and Children’s Health Building, Wilmington Hospital Expansion, and the Nemours/A.I. duPont Hospi- tal for Children. Other ma- jor regional projects include SugarHouse Casino, Nicholas and Athena Karabots Pavil- ion Addition at the Franklin Institute, Terminal F Bag- gage Claim Addition and Ticketing Renovation at the Philadelphia International Airport, and University of Delaware East Campus Resi- dence Hall. n
Inspira Health Network Medical Center rendering
imaging suites, as well as ad- ministrative, dining and sup- port services. The project also includes constructing a new central utility plant, which will provide electrical power, heating/hot water and chilled water to the new hospital. “Skanska’s extensive re-
gional national healthcare experience and innovative construction and delivery models enable clients like Inspira to focus on providing a superior service to the com- munity,” said Skanska USA executive vice president and general manager Ed Szwarc .
“At Skanska, we build for a better society – and we are committed to enhancing and expanding the Philadelphia region’s capacity for qual- ity healthcare through these world-class facilities.” “A new medical center con- veniently located in the heart
Made with FlippingBook flipbook maker