Real Estate Journal — New Jersey — May 13 - 26, 2016 — 13B
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Heller and McCaffrey of Avison Young represent KBS REIT II in the deals KBS REIT II signs 88,242 s/f in renewal leases at Park Avenue at Morris County F
and private shuttle service to and from the nearby Madison train station runs every half hour during business hours. Shuttles also run to area amenities on demand. Onsite amenities at the property include “The Lunch Box” (the property’s on-line food delivery network), a state-of-the-art conference center, day care, dry cleaners, and a fitness center with yoga instructors, massage thera- pists and physical therapists. Additionally, Park Avenue at Morris County features outdoor volleyball and bas- ketball courts, as well as
two-mile nature trails. This summer the Park will unveil a new atrium lobby at the 100 building that will become the hub of the Park’s social scene. Wells Fargo Advisors is located at 200 Campus Dr., and Shionogi Inc. is located at 300 Campus Dr. Jeff Heller and Bill Mc- Caffrey of Avison Young represented KBS REIT II in the deals. Adam Englander of CBRE represented Shion- ogi Inc., and Kevin Murphy of Newmark Grubb Knight Frank represented Wells Fargo in their respective transactions. n
LORHAM PARK, NJ — KBS Real Estate Investment Trust II (“KBS REIT II”) , a non- traded real estate investment trust based in Newport Beach, California, announced the signing of two renewal leases totaling 88,242 s/f at Park Avenue at Morris County. Shionogi Inc. renewed its 57,772 s/f lease. Wells Fargo Advisors , a financial services company, renewed 30,470 s/f. Park Avenue consists of six class A, Energy Star, and LEED Silver-certified office buildings containing 1.16 million rentable s/f. The property, located at 100-600 Campus Dr. near the Colum- bia Turnpike exit off Route 24, is 25 minutes from New- ark Liberty International Airport, and 35 miles from New York City. “We believe Park Avenue’s market-leading amenities and desirable locationmake it extremely attractive to world- class companies like Shionogi Inc. and Wells Fargo Advi- sors,” said Shannon Hill , senior vice president at KBS. J.G. Petrucci Co. presents 2015 Broker and Lender of the Year award SOMERSET, NJ — J.G. Petrucci Company, Inc., (“JGPCO”) presented their “Broker and Lender of the Year” Award for 2015 at the company’s 13th Annual Lead- ership Awards Gala, held at The Palace at Somerset Park in Somerset. Patrick Ryan , president & chief executive officer at First Bank was presented with the Lender of the Year Award. Ryan was instrumental in securing financing for numer- ous J.G. Petrucci Company, Inc. projects in 2015. Most recently, Ryan played a key role in the acquisition of a site in Chalfont, PA; where JGPCO will add to its residential hold- ings by developing 69 luxury apartments. The project will break ground in May of this year with completion slated for May of 2017. I n add i t i on , Mi chae l Nachamkin ,managing di- rector at HFF , was named Broker of the Year for his role in securing a buyer for a 30 acre site that JGPCO got fully entitled for a 476,000 s/f distribution facility. n
Park Avenue at Morris County
“We are pleased they are both continuing their partnerships with KBS.”
Park Avenue at Morris County’s amenities include electric car charging stations,
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