O wners , D evelopers & M anagers
M id A tlantic Real Estate Journal — Section C
www.marej.com
NAI James E. Hanson’s John Schilp and Sigmund Schorr orchestrate transaction Diversified Properties to bring new multifamily community to Jefferson, NJ
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EFFERSON, NJ — Di- versified Properties , announced it has acquired
sellers of each lot, Route 15 Properties, LLC, and Fifteen South Realty Co., LLC, in the transactions. C o n v e -
In addition to Jefferson Place, Diversified Properties boasts a growing portfolio of tri-state area multifam- ily communities including 30 Court, a 58-unit multifamily building in Morristown, Sum- mit Lane, a 188-unit apart- ment community in New- burgh, NY, Summit Terrace, a 270-unit apartment com- munity in New Windsor, NY and Summit Court in Union, NJ where Diversified Proper - ties recently announced the completion of the final phase of construction at the 396-unit multifamily community. Schilp added, “It’s been tre- mendous to witness the emerg- ing development landscape in western Morris County and Sus- sex County. Developers are al- ways looking for the next great opportunity, so we’re proud to provide the services needed to help highly respected clients like Diversified Properties make investments to bring these com- munities to life.” MAREJ developments," said Jamie Rash , regional director at Keystone. "The combination of technology, infrastructure, and a highly connected lo- cation make The Curtis an unparalleled destination for growing biotech companies seeking laboratory space in Center City." These enhancements are in addition to the unique fea- tures that have already made The Curtis a burgeoning hub for life sciences companies seeking space within walking distance of Thomas Jefferson University and other Phila- delphia research institutions. They include 15-foot deck-to- deck ceiling heights, 15 watts of power per square foot, 1,100 kilowatts of dedicated life sci- ence backup power, vibration- resistant floors capable of supporting 200 pounds psf, fresh air intakes, dual power supply, loading dock bays and freight elevators, and venting chases. MAREJ
two lots total- ing 9.84 acres on Hellers Ln. in Jeffer- son to pave the way for the construc- tion of the first phase of Jefferson
niently lo- cated just off Rte. 15 adjacent to a recently constructed QuickChek, Jefferson
John Schilp
Sigmund Schorr
Place’s first phase of develop - ment will include an elevator building with 32 one and two- bedroom apartments ranging in size from 855 to 1,216 s/f with built-in den spaces. The community’s amenity package will feature an indoor fitness center, outdoor lounge and grilling areas, private garages and individual storage units available for residents. “Our multifamily strategy has always been built around finding hidden opportunities in underserved markets like Jefferson,” said Nicholas PHILADELPHIA, PA — Keystone announced it will convert an additional 200,000 s/f of The Curtis for life sciences and biotech to provide the mission- critical in- frastructure needed to meet the surging de- mand for lab space in Phila- delphia's Center City. The reconfiguration will give The Curtis more than 325,000 s/f of laboratory space in the 12-floor, 912,245 s/f building, creating one of the most dy- namic life science ecosystems in the city. Work will begin in the first quarter of 2023 and include the installation of a state-of-the- art exhaust system that will provide tenants with airflow of 147,000 cubic feet per minute. Additional hot water loops and Jamie Rash
Donnelly Construction announces major gains at 441 Newark Pompton Turnpike, Wayne, NJ HI-LIGHTS FEBRUARY 2023 Place, a luxury multifamily community. NAI James E. Hanson’s John Schilp and Sigmund Schorr represented Diversified Properties and the
Hellers Lane
opment becomes increasingly scarce across northern NJ, NAI James E. Hanson was chosen by the sellers to market the properties to attract a repu- table buyer who could develop the land. Diversified Properties took interest in the properties as they continue to build upon their track record of developing multifamily communities in growing, underserved markets.
Minoia , founder and manag- ing principal of Diversified Properties. “With the grow- ing demand for modern resi- dential communities in New Jersey’s western markets, we’re excited to utilize our in- house capabilities to construct a brand-new community that can meet the expectations of today’s residents.” As land approved for devel-
Keystone unlocks additional life sciences space at The Curtis to meet growing demand
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SPOTLIGHT
Environmental/ Green Building
4-6C
BOMA of New Jersey names 2023 BOD
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ALSO INSIDE
Caroline Shelly, HF Planners, LLC............2C ECS Mid-Atlantic . .......... 5C People on the Move... 12C www.marej.com
The Curtis
steam infrastructure for heat- ing and humidification will also be part of the renovations. "With these improvements in place, tenants can begin envisioning and building their
new laboratory facilities today without having to wait for a new building to be constructed — and at rates that are much more attractive than new ground-up University City
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