4A — November 11 - 24, 2016 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal

164,070 s/f class A property is situated in Orange County’s medical services hub Cushman & Wakefield brokers sale of Empire Blue Cross Blue Shield building in Middletown


premier business and economic destination, and it drew strong attention from buyers.” The 21-acre site in Crystal Run Corporate Park serves as the Corporate Accounts Ser- vices location for Empire Blue Cross Blue Shield. It provides ample parking as well as a caf- eteria and fitness center. “Empire Blue Cross Blue Shield is the third largest em- ployer in Orange County and is committed to maintaining a strong presence in Middletown, a market driven by the medical and healthcare industries,” said DiTommaso. “The site’s office/ medical zoning offers the region a

GHP Office Realty sells 81 Main St. in Dobbs Ferry, NY best-in-class asset with the abil- ity to cater to either end-user.” Located immediately off of I-84 and Rte. 17, the property is ideally situated in one of the Mid-Hudson region’s rap- idly expanding commercial and medical corridors, anchored by the Orange Regional Medical Center. n

IDDLETOWN, NY — Commercial real estate services firm

Cushman & Wakefield has orchestrated the sale of 85 Crystal Run Rd. inMiddletown. A private entity acquired the 164,070 s/f class A property, home to Empire Blue Cross Blue Shield, from an affiliate of Madison International Re- alty and its operating partner. Cushman &Wakefield’s Met- ropolitan Area Capital Markets Group, headed by AndrewMe- rin , David Bernhaut , Gary Gabriel , and Brian Whit- mer and supported by Frank DiTommaso and Andrew

85 Crystal Run Rd.

property has been delivered to market for sale since it was developed in 1990,” said Me- rin. “It is a highly accessible, headquarters-quality location in the heart of Orange County’s

Schwartz , represented the seller and procured the buyer in the transaction. Cushman & Wakefield serves as leasing agent for the property. “This is the first time the

AUCTIONS November 30th

Retail Center, Mixed Use, Subdivision, Highway Commercial, Multi Family, Residential, and Lots Major Portfolio Offering Over 30 Opportunities

81 Main Street

DOBBS FERRY, NY — GHP Office Realty, LLC announced that it has sold 81 Main St., Dobbs Ferry, NY a 3,000 s/f former bank building, for $595,000 to Ward Capital Management, LLC of Rye New York. Andrew Greenspan , prin- cipal of GHP said “81 Main Street is a beautiful art deco building located in the heart of Dobbs Ferry’s central busi- ness district and was built in 1927 by Greenpoint Savings Bank. GHP acquired the build- ing through a foreclosure in 2013. Ward Capital Manage- ment subsequently leased the building from GHP and has performed extensive renova- tions to convert it into a mixed use building containing a residential unit on the newly constructed second floor and a retail unit on the ground floor.” The owner was represented by Greenspan and Bren- dan Hickey , associate at GHP. GHP’s legal representa- tion was provided by Jamie Schwartz, Esq. of James E. Schwartz, P.C . Ward Capital Management was represented by its principal, D’Wayne Prieto . Ward‘s attorney in the transaction was Christian Daglieri, Esq . of Montgom- ery McCracken Walker & Rhodes LLP . n

2,852± SF Retail Building on Route 22 Green Brook, Somerset County, NJ 6,270± SF Retail Strip Center Hopatcong, Sussex County NJ Income Producing Mixed-Use Building Hopatcong, Sussex County NJ High Visibility 1,800± SF Commercial Bldg Budd Lake (Mount Olive), Morris County, NJ 2 Gas Stations with Convenience Stores Bethlehem, PA

Greene Valley Fully Improved Development West Milford, Passaic County NJ 6.24± Ac Skyview Estates Residential Lot Sparta, Sussex County, NJ 2 Family House Income Producer

East Orange, Essex County, NJ .43± Ac Residential Building Lot Rockaway Twp, Morris County, NJ 8.15± Ac Residential Lot Kinnelon, Morris County, NJ

888-299-1438 / MaxSpann.com A licensed NJ & PA Real Estate Broker Robert L. Dann PA Auctioneer #AU005609 November 30th, 1 PM BY ORDER OF THE CITY OFWOODBURY, NJ 3 Single Family Homes and 17 Residential Lots Throughout the City

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