12C — December 23, 2022 - January 19, 2023 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
Crystal earns industry sustainable recognition
Marks over 100,000 s/f in signed leases at the campus in 2022 Alfred Sanzari signs tech company at Glenpointe
operations is impressive. It is very rewarding to have our efforts recognized with this industry award from US Glass Magazine.” Crystal uses domestic sup- pliers for nearly all its product materials and components, it recycles all production scrap in various ways, and it optimizes logistics to coordinate between facilities, customers, project locations, and even supplier warehouses to reduce trans- portation. Besides seeking to ensure production processes are as environmentally friendly and efficient as possible, Crystal made a significant step this year with a one-MW solar electricity generation system installed at its New York headquarters and main production facility. The system will offset almost 35% of the company’s overall electricity needs at this location. MAREJ
QUEENS, NY — Crystal Window & Door Systems recently earned industry rec- ognition for its sustainable production operations. US Glass Magazine named Crys- tal Windows a 2022 Green Award winner for Production Efficiencies in the Nov. 2022 issue. Crystal was one of only five companies this year (and one of only two based in the USA) whose products or pro- duction processes were recog- nized for extraordinary efforts to provide a more healthy, sus- tainable living environment. “Crystal has long fostered a corporate culture to reduce, reuse, and recycle everywhere throughout all our factories,” said Andy Shashlo , COO. “Each of Crystal’s sustain- able actions by itself may be small, but when added together, the impact on our
EANECK, NJ — Al- fred Sanzari Enter- prises , a family-owned and operated commercial and residential real estate firm, announced that UVeye has signed a lease at Glenpointe Centre West, part of the com- pany’s iconic northern New Jersey Glenpointe corporate campus located in Teaneck. Al- fred Sanzari Enterprises was represented by Newmark’s Jeff Schotz, Peter Rossi, Dan Reider, Peter Kaspar- ian and David Simson . Founded in 2016, UVeye is a computer vision technology company powered by artificial intelligence and proprietary hardware that develops auto- mated inspection systems for vehicles. With offices in Israel and Ohio, UVeye has installed systems at over 100 sites across the globe including ve- hicle manufacturing facilities, dealerships, fleet company lots and logistics centers as well as energy, financial and diplomatic security facilities. Prior to signing its lease for its new headquarters at Glen- pointe, UVeye was the first tenant at FLEX Powered by T
Glenpointe Centre West Atrium
Glenpointe, the campus’ 5,300 s/f coworking concept built to meet the space needs of individuals and growing com- panies. The FLEX Powered by Glenpointe space provided the company with the adaptability it needed to continue to grow its footprint and establish a long-term presence in the market. The lease with UVeye builds upon Alfred Sanzari Enterprises’ strong leasing activity at the 670,000 s/f Glenpointe corporate cam- pus in 2022. Since the start of the year, the firm has ne - gotiated nearly 100,000 s/f of leases with a wide range
of companies including Lei- ca Camera, Axia Women’s Health, and HK Kolmar. “We have chosen New Jersey and Glenpointe as our USA headquarters both because of its great facilities and con- venient location,” said Yaron Saghiv, chief marketing of- ficer of UVeye. “Our global expansion providing inspec- tion devices for vehicles has been accelerated recently and we plan to scale throughout North America with local teams reporting to our New Jersey office. Thank you to the wider Glenpointe team for their great collaboration and support!” MAREJ
Mackenzie brokers sale of Baltimore industrial storage
Larken Associates inks two office leases at newly renovated downtown Bethlehem mixed-use building
BETHLEHEM, PA — Larken Associates an- nounced a lease renewal and expansion with JB Hunt Transportation for 6,340 s/f and a new lease with Home Helpers for 694 s/f at The Pinnacle @ 65, a ten-story, 102,000 s/f mixed-use building located at 65 East Elizabeth Ave. in Bethlehem. Situated in the heart of Bethlehem, The Pinnacle @ 65 is one of Bethlehem’s tallest buildings and features a mix of 38,000 s/f of professional newly renovated and upgraded office space spread across its four lower floors and 48 luxury apartments on the upper five floors with an amenity pack - age located on its lowest level. Acquired by Larken Associ- ates in 2018, the firm recently completed a capital improve- ment at the building. Work- ing in close collaboration with Spillman Farmer Architects , a Bethlehem-based architec- tural firm, Larken’s capital improvement project centered on the addition of custom, two- tone metal wall panels manu-
2600 Sisson St. aerial
“Generally unimproved par- cels located in urban areas, consisting of five to twenty- five acres in size, are part of a new asset class known as Industrial Outdoor Storage or Outdoor Storage Land, and are in extremely high-demand among end-users and inves- tors alike,” said Hudak. “The sites complement the real es- tate requirements of logistics companies that need space to stage or provide short-term storage for products prior being shipped their next des- tination. Acreage situated within close proximity to a port location, such as this, is particularly valuable.” Commonly-found items con- tained on Industrial Outdoor Storage sites include auto- mobiles, trucks and construc- tion vehicles and, given the accelerated expectations of businesses and consumers, these sites are now referred as “mission-critical” in the logistics industry. MAREJ
LUTHERVILLE, MD — MacKenzie Commercial Real Estate Services, LLC has brokered the sale of a 3.5 acre parcel, located at 2600 Sisson St. in the Reming- ton section of Baltimore City for $5 million. Daniel Hu- dak, SIOR , senior VP; Owen Rouse , VP of investment sales and Andrew Meeder, SIOR , senior VP for MacKenzie Com- mercial Real Estate Services represented the seller, Sis- son Trans LLC. The buyer, Seawall Development , was self-represented in this trans- action. The acreage is presently utilized by First Transit, Inc. for bus storage as well as re- pair services and dispatch op- erations as part of the group’s contract with the Maryland Department of Transporation. The site, positioned directly off I-83, also includes two single- story building containing just over 30,000 s/f of industrial/ warehouse space.
The Pinnacle @ 65
factured by Allentown-based ATAS International. The latest leasing activity highlights the early success of Larken Associates’ vision for the property. JB Hunt Transportation originally oc- cupied a 4,427 s/f space in the building at the time of Larken Associates’ acquisition. With its latest renewal, the com- pany will be expanding into a larger 6,340 s/f space to accom - modate its operations in the Lehigh Valley. Home Helpers is a home healthcare company who will be transforming its
new space to accommodate general office purposes and client consultations. “We acquired The Pinnacle @ 65 in 2018 to create Bethle - hem’s premier office and resi - dential property,” said Victor Kelly , Executive Vice presi- dent of Raider Realty , the in-house brokerage division of Larken Associates. “Our abil- ity to not only retain tenants but to provide the support they need to grow while also attract- ing new tenants highlights our success in making this vision a reality.” MAREJ
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