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R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 25 Issue 18 Sept. 27 - Oct. 11, 2013 Mid Atlantic R EAL E STATE J OURNAL F ALL P REVIEW 2013 FALL PREVIEW MidAtlantic RealEstateJournal— September28 -October12, 2012— 5A

$8.3m on nine cooperative buildings totaling 162-units in Freeport, NY Meridian negotiates $34.4m in financing for mixed-use, multifamily & Co-op

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EW YORK, NY — Meridian Capital Group , LLC an -

Westend Ave. in Freeport. The loan features a rate of 3.63% and a 10-year term. Jacob Schmuckler negotiated this transaction. New mortgages totaling $6.75 million were placed by Meridian on two mixed-use buildings totaling 12 units and two retail spaces and two multifamily buildings totaling 26 units. The properties are lo- cated on Fifth Ave., East 125th St. and West 145th St.in New York. The loans feature rates of 3.65% and 10-year terms. Simon Rosenfeld and Kyle Friedland negotiated these transactions.

Meridian negotiated new mortgages totaling $6.15 mil- lion on two multifamily build- ings totaling 109 units located on 21st Ave. in Brooklyn and Charlton St. in New York. The loans feature rates of 3.08% and seven-year terms. Dan Blumenthal and Joseph Taub negotiated these transactions. A new mortgage of $1.85 million was placed by Merid- ian on an 18-unit, four-story multifamily building located on East 98th St. in Brooklyn. The loan features a rate of 3.00% and a 10-year term. Morris Diamant negotiated this transaction. ■

Anew mortgage of $9.25 mil- lion was placed by Meridian on a 32-unit, four-story multi- family build- ing located on Manha t t an Ave. in Brook- lyn. The loan f e a t u r e s a rate of 3.05% and a five- yea r t e rm. C h a r l e s Grussgott negotiated this transaction. Meridian negotiated a new mortgage of $8.3 million on nine cooperative buildings totaling 162-units located on

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nounced the f o l l o w i n g transactions: M e r i d i a n n e g o t i a t e d a new mort- gage of $2.1 million on a 45-unit, four- story multi-

E MILY B ECK EMCOR

E D B ROWN N ORTH M ARQ

S COTT C.B UTLER K APLAN S TEWART

D AVE F OURNIER T HE A ZTEC C ORPORATION

T RACEY G OLDSTEIN F EINSTEIN ,R AISS ,K ELIN &B OOKER ,L.L.C

M ICHAEL F ORTNA F ORTNA A UCTIONEERS

R ONALD C.K ERINS ,J R G REYHAWK

C OREY L ONBERGER R ITTENHOUSE R EALTY A DVISORS

5-19A D AVID O RBACH R EGAL B ANK J IM M ARTIN S ECURITY R ESOURCES , INC

M ARC T ROPP E ASTERN U NION

G REG W INKLER M ID -A TLANTIC P RECAST A SSOCIATION

INSIDE: ARCHITECTURE: David J. Fournier,TheAztecCorporation.........................................6A ATTORNEY: TraceyGoldstein, Feinstein,Raiss,Kelin&Booker,L.L.C...............7A AUCTIONEER: Michael Fortna, FortnaAuctioneers ..................................................8A CONSTRUCTIONMANAGEMENT&CONSULTING: RonaldC.Kerins, Jr,Greyhawk ........................................................9A ENERGYEFFICENCY: EmilyBeck,EMCOR........................................................................10A FINANCING: EdBrown,NorthMarq......................................................................11A

FINANCING: MarcTropp,EasternUnion..............................................................12A NNJ-MULTIFAMILYFINANCE: DavidOrbach,RegalBank.................................................................8A PHILADELPHIAMULTIFAMILY: CoreyLonberger,RittenhouseRealtyAdvisors ...............................15A PRECAST GregWinkler,Mid-AtlanticPrecastAssociation.......................16-17A RETAILREALESTATE: ScottC.Butler,KaplanStewart .......................................................19A SECURITY: JimMartin,SecurityResources, Inc.................................................18A

HEALTH CARE FACILITIES

Cary Pollack Jacob Schmuckler

family building located on Ocean Avenue in Brooklyn. The loan features a rate of 2.85% and a five-year term. Cary Pollack negotiated this transaction.

The 67,535 s/f, supermarket anchored, shopping center Katz Properties acquires TownCenter at Twin Hickory in Glen Allen, VA for $16 million

GLENALLEN, VA — Katz Properties of New York has acquired the Town Center at Twin Hickory in Glen Allen for $16 million. The 67,535 s/f, supermarket anchored, shop- ping center, which consists of three retail clusters, was built in 2001 and expanded in 2006. The shopping center sits on 8.57 acres and is located at the intersection of Nuckols Road and Old Nuckols Road in Glen Allen, VA, which is part of the Richmond metropolitan area. Town Center at Twin Hick- ory is 98% occupied and an-

Urban Engineers 8-10B

6-7C

Plaza shopping center in Rose- dale, MD, earlier this summer. “We plan to continue acquiring new properties in this region going forward,” he said. Josh Katz , chief operat- ing officer of Katz Proper- ties, said, “We are eager to expand our operation in this region. The office we opened inMetro DC will allow us to ef- ficiently manage these assets and increase their value. The Richmond market is an excel- lent place to do business, and we are confident in the retail environment.” Town Center at Twin Hickory

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Mortgage financing for Town Center at Twin Hickory was provided by Starwood Mort- gage Capital of NewYork and was arranged by Tim Breda of Goedecke & Co. Both Katz Properties and the seller were represented by Geoffrey Millerd and Justin Smith with Cushman & Wake- field’s Boston office, and by Eric Robison with Cushman and Wakefield|Thalhimer in Richmond, VA. Leasing and property management services will be provided by Winslow Property Management . ■

chored by a 38,000 s/f Food Lion. Additional tenants in- clude Starbucks, Cheeburger Cheeburger, and Home Team Grill. Daniel Katz , a principal of Katz Properties said, “With this acquisition we’ve contin- ued to expand our footprint in Virginia. Last year we planted our regional opera- tion in the DC Metro market and this year we’ve used that base to expand to the north and south.” Katz is referring to another of the company’s acquisitions, the Golden Ring

Auction News ......................................... 4A Owners, Developers & Managers..Section B Green Buildings ............................ 11-21B Shopping Centers .................. Section C

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