8A — September 28 - October 11, 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com M ID A TLANTIC R EAL E STATE J OURNAL Jim O’Hara Jr. and Kevin O’Hara broker transactions NAI Emory Hill executes 11,000 s/f in new leases W the Villa Monterey Shopping Center at 729 Philadelphia Pike. ILMINGTON, DE – Advanced Auto Parts and Pep Boys
John Buchart Golf Classic for ALS Research - 8th Annual
John Buchart was a mentor and colleague to ROCK and he was the inspiration for this golf classic In the past 7 years the community has helped us to raise $268,968 to benefit the Muscular Dystrophy Association to fight ALS Disease. Help us exceed our goal of reaching $300,000 in 2012 by registering to golf or sponsor this event.
Jim O’Hara, Jr. , a prin- cipal of NAI Emory Hill , represented landlord Gap 41 Ventures in the lease to Ad- vanced Auto. Jim O’Hara Jr. and Kevin O’Hara , also with NAI Emory Hill, represented Pep Boys in the VillaMonterey lease. ■
recently signed leases for new stores in Wilmington, show- ing more signs that the retail industry is making a comeback in this area. Advanced Auto Parts leased 6,000 s/f at The Depot, a free- standing building at 3405 Kirkwood Highway that was
Register or donate at www.rockrealestate.net or contact MDA at 717-293-0685
Jim O’Hara, Jr. Kevin O’Hara
— The event will be held at Cool Creek Golf Club — Wrightsville, PA 17368 Save the date - October 4, 2012
formerly a Blockbuster store. Pep Boys leased 5,000 s/f in
BROOKLYN, NY — Hud- son Realty Capital LLC (Hudson) has funded a $9.1 million first-mortgage loan Hudson Realty Capital funds $9.1 million first-mortgage loan secured by a 90,000 s/f of- fice building in downtown Brooklyn. The sponsor is utilizing the loan proceeds for a discounted payoff and to establish operating and interest reserves.
Sponsored by:
ROCK Commercial Real Estate, LLC 221 W. Philadelphia St., Ste 19
York, PA 17401 P: 717.854.5357 F: 717.854.5367
The income-producing class B office building is located on Atlantic Avenue. In addition to completing the lease-up of vacant office and ground-floor retail space, the business plan includes the conversion of two floors into executive office suites. “Although this particular loan had several moving parts, it is an attractive transaction for Hudson be- cause of the neighborhood, which we know well, and it is a market where the sponsor has developed and/or man- aged several other success- ful projects, ranging from ground-up construction to purchase and rehab,” said Spencer Garfield , manag- ing director. ■ SiloFinancial closes more than $4 million in RE financing MADISON, NJ — Silo Fi- nancial Corp. has funded a $945,000 loan for construction of a mixed-used building in Madison. Once complete, the mixed-use building will house four residential condominiums and two ground level retail spaces. In addition, Silo Financial has closed on a $2.7 blanket mortgage loan to provide an estate with working capital while it continues to liquidate a portfolio of high-end proper- ties throughout NYC and the Hamptons. The deal is se- cured by a 4.5-acre property in Southampton, along with a first mortgage on a 2,360 s/f duplex condominium located on Laight St. in TriBeca. Silo Finan- cial’s third July deal was for a $405,000 first mortgage bridge loan secured by an 11,000 s/f building on AmsterdamAve. in the Hamilton Heights section of Manhattan. ■
A half day seminar offered by IREM ® Delaware Valley Chapter 3 and Southern New Jersey Chapter 101 ARM ® Committees on October 23rd, 2012.
Speaker Salvatore Dragone, CCIM, CPM ® , ARM ® , VP/Director of Property Management, Rubenstein Partners, LP will discuss why great leaders succeed and how you can lead your teams to greater opportunities and alternately greater rewards. With over two decades of experience in property/asset management, development, marketing, leasing, customer service and team leadership, Dragone shares his knowledge on how to edge out the competition, increase efficiency within your organization, provide your team with tools to excel in the field of property management and leasing and train your employment base to think “new business.”
When: Tuesday, October 23rd, 2012 Where: Village of Pennbrook, Levittown, PA. Time: 1:00pm – 3:30 pm Cost: Member $25/ Non-Member $35 (Light refreshments provided)
Reservations and payment no later than October 17th, 2012.
Fax to: 856-786-3894 or register online: www.IREM101.org or www.IREM3.org For more information call 856-786-9260
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