12A — February 12 - 25, 2016 — DelMarVa — M id A tlantic
Real Estate Journal
D el M ar V a
ELAWARE — Har- vey, Hanna & As- sociates, Inc. (HHA ) Instrumental in lease at Twin Spans Business Park Harvey, Hanna announces Rattay as Broker of the Year D s/f), and Timken Gears & Service (45,000 s/f).
McGoogan handles negotiations for seller Cushman & Wakefield| Thalhimer sells bank branch
achievements, HHA will do- nate $3,000 in the name of CB Richard Ellis to The Delaware KIDS (Kids In Distressed Situations) Fund. This charitable fund was es- tablished by HHA to support a wide array of causes for local youth, including special- ized support for hunger, shel- ter, and tuition scholarships. Since inception, The Dela- ware KIDS Fund has donated $71,000 to local charitable organizations serving kids. Capping a tremendously successful year, the Hyatt Place Hotel in Dewey Beach, the first-ever Hyatt brand in Delaware, continued to out- pace projections, including off-season occupancy rates. The Hyatt is part of the new Lighthouse Cove Resort com- plex (formerly Ruddertowne), a multi-phased multi-million dollar mixed use redevel- opment project owned by Dewey Beach Enterprises, with managing partner HHA. The Lighthouse Cove Resort complex will ultimately in- clude 100+ luxury residential condominiums, 16 of which are oceanside penthouse con- dominiums. Of the 16 oceans- ide penthouse condominiums, 14 of these once-in-a-lifetime units have sold, with a new 10-unit bayside segment nearing completion, with several units already sold. In addition to new occupant CEVA Logistics, HHA suc- cessfully renewed leases for other major entities at Twin Spans Business Park, includ- ing Tire Rack (335,000 s/f), Iron Mountain (200,000 s/f), The Hibbert Group (101,000 innovative service provider can flourish”, said Jarvis, CEO & managing principal. “The proposition that bigger firms are better simply isn’t true – we submit that local excellence is better.” The business environment is changing at a dizzying pace. By 2020, nearly half of the workforce will be under the age of 30, most of whom who will use their mobile devices as their primarily method of communication. Jarvis Com- mercial Real Estate, launch- ing at the vanguard of this change, intends to reimagine the role of a service provider by combining significant re- Special Points of Interest for 2015
Hockessin Crossing Shop- ping Center enjoyed modest growth in retail activity. HHA was pleased to welcome new tenants Erik Hoferer of Long & Foster Realty (2,700 s/f) and Be Barre Fit (1,800 s/f). HHA was also pleased to renew Wells Fargo Home Mortgage (4,000 s/f). The Creekwood Corporate Center and immediate area experienced significant activ- ity in 2015. The General Ser- vices Administration renewed a major lease for the federal Social Security Administra- tion (30,000 s/f) headquar- ters. HHA was also pleased to renew its lease with United Rentals (13,000 s/f) at Cree- kwood and General Floor (9,600 s/f) located on nearby Bellecor Dr. Building upon the compa- ny’s redevelopment activity in the Newport Industrial Park and the emergence of a new generation of tenants, HHA renewed a longstanding lease with Waste Management, Inc. (WMI). WMI projects this location will serve as its major mid-Atlantic hub for decades to come. HHA also reconfigured 403 and 405 East Marsh Lane to ac- commodate the new regional headquarters of the highly- popular Twin Lakes Brewery (3,000 s/f) and Carber Testing (5,300 s/f). In total, HHA leased new space encompassing 143,000 s/f and further extended leas- es in excess of 820,000 s/f in 2015. HHA’s leadership into the 21st Century continues, and we welcome your contin- ued partnership. n lationships with hyperlocal market knowledge, utilizing the most innovative tech- nology, data collection, and analysis. Contrasting Jarvis Commer- cial Real Estate to the larger brands, Jarvis said, “There will be notable cultural differ- ences at Jarvis Commercial Real Estate, such as a man- agement team that treats our brokerage professionals like clients, not just producers.” Moreover, Jarvis Commer- cial Real Estate will “promote collaboration and communica- tion in a smaller, more collegial environment -- free of internal competition and politics.” n
announced t h a t Da n Rat tay o f CB Ri ch - ard El l i s ( C B R E ) has been se- lected as its “2015 Bro- ker of the
10469 Atlee Station Rd.
Year.” Demonstrating a mas- tery of his position and a keen understanding of his client’s needs, Rattay has now re- ceived this honor for the third time in the last four years. In the midst of a recovering but often volatile real estate market, Rattay contributed to HHA’s continued success in 2015. Rattay was instrumental in bringing CEVA Logistics to its first Delaware location, leas- ing 125,000 s/f of warehouse, office, and distribution space at 800 Ships Landing Way at the Twin Spans Business Park, HHA’s business campus in New Castle. Twin Spans Business Park is routinely considered the premier distribution campus in the mid-Atlantic region, fea- turing 2 million s/f of class A commercial warehouse space spread across 135 acres of land along the Delaware River. “Dan’s accomplishments remain significant for our continued success, again and continue to demonstrate his many attributes of grit, determination, innovation, and a commitment to excel- lence,” said Thomas Hanna , HHA vice president and chief operating officer. In recognition of Rattay’s
in Richmond, Newport News, Virginia Beach, Fredericks- burg, Roanoke, Lynchburg, VA; and Charleston, Green- ville, SC. The company has over 100 broker professionals and employs over 400 associ- ates with a property portfolio of over 50 million leasable s/f, and management of over 20 million s/f of commercial prop- erty, and over 5,700 multifam- ily units. In 2014 Thalhimer completed over 2,100 trans- actions with a transactional volume over $2 billion. n
RICHMOND, VA — Cush- man & Wakefield | Thal- himer announced the sale of 10469 Atlee Station Rd. in Hanover County, VA. 10469 Atlee Station Road, LLC purchased the 5,813 s/f former bank branch property from Union Bank & Trust for $1.05 million. Will McGoogan of Cush- man &Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. Thalhimer was founded in 1913 and currently has offices
Emory Hill announces purchase of Glasgow Medical Center
Glasgow Medical Center
GLASGOW, DE — Emory Hill Real Estate Services is the lead investor in the recent
maintenance, property man- agement, taxes, insurance, utilities and janitorial servic- es. The center is located min- utes from I-95 and has ample parking and easy access to nearby shopping, restaurants and entertainment including Regal Cinemas. It is also lo- cated minutes fromChristiana Hospital, Christiana Mall and the University of Delaware. The tenant roster is com- prised of an Ambulatory Sur- gery Center, a Medical Aid Unit, laboratory facilities, various specialty medical prac- tices and administrative sup- port functions. The building is served by six main entries with handicap access and three elevators. David Mor- rison CCIM and principal at NAI Emory Hill , is respon- sible for leasing activities. n
acquisition of Glasgow M e d i c a l Center ad- j a c e n t t o the Peoples Plaza shop- ping complex off Rte. 40 in Glasgow,
Commerical real estate leader launches Jarvis Commercial WASHINGTON, DC — Ernie Jarvis , former Wash- ington, DC market leader of First Potomac Realty Trust and CBRE , announced the launch of Jarvis Com- mercial Real Estate , a full- service brokerage company based in Washington, DC.
and is also handling the bro- kerage and property manage- ment of the medical office building. Several move-in ready med- ical office suites ranging from 1,475 to 6,800 s/f are available in the 109,000 s/f building located on 11.7 acres at 2600 Glasgow Ave. just south of Rte. 40 and Rte. 896. Leases are full service and include
“It’s a new day in com- mercial real estate. The tra- ditional methods of providing commercial real estate ser- vices are ripe for disruption and change. With the consoli- dation and growth of global brokerage companies, there is a needed and valuable niche in the market where a pow- erful but nimble, visible and
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