S HOPPING C ENTERS
Mid Atlantic Real Estate Journal — Shopping Centers — June 22 - July 12, 2012 — 29A
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HILADELPHIA, PA —Marcus & Millic- hap Real Estate In- Wellar, Lonberger, Munley & Zang negotiate the transaction Marcus & Millichap closes the sale of Le Crillon Philadelphia for $14,810,000 P house Square, one of Phila- delphia’s five original parks and a landmark in the city’s wealthiest neighborhood.
with Christopher Munley, senior associate, all in Mar- cus & Millichap’s Philadel- phia office, represented the seller, a well-known, local, third-generation owner. The buyer, a Manhattan-based urban retail property inves- tor, was procured by Mun- ley, Wellar, Lonberger and vice president investments Dean Zang, also in Marcus & Millichap’s Philadelphia office. The 41,757 s/f property is located at 105 South 18th St., one block from Ritten-
vestment Services closed the sale of Le Crillon Philadel- phia, a 16-unit Beaux Arts- style apartment building with seven retail spaces in Center City Philadelphia.All 16 units are currently leased or pre-leased as apartments. The sale price of $14,810,000 equates to $925,625 per unit and $355 per s/f. KenWellar and Corey Lon- berger, associate vice presi- dents investments, along
Built in 1902, Le Crillon features 12 flats and four bi-level penthouses. The elegant and spacious two-, three- and four-bedroom condominium-style units are currently achieving aver- age rents of approximately $3,900 per month with resi- dents paying all utilities. All units feature top-of-the-line finishes and fixtures and washers and dryers. ■
Le Crillon Philadelphia
Csantos of Newmark Knight Frank reps the seller Onyx Equities acquires 80,000 s/f of retail space in Livingston, NJ
JUNE 22 - JULY 12, 2012
HI-LIGHTS
LIVINGSTON, NJ — Onyx Equities, LLC development and management firm, announced that it has closed on the acqui- sition of a preeminent retail center in Livingston, through its Phalanx Fund II. Livingston Town Center is an award winning property built in the mid 2000s as part of a master planned residential and commercial development located at the intersection of Livingston and Mount Pleas- ant Avenues. The residential component of the development was called “The Gables” and has seen the successful devel- opment of more than 80 units to date. The commercial com-
discount to its replacement cost, we at Onyx looked past the challenges and immediately to the vast potential opportu- nity,” stated John Lavalley, vice president of Investments and point-person on the purchase of Livingston Town Center. David Csantos of Newmark Knight Frank represented the seller. Livingston, New Jersey is one of the most prominent residen- tial communities in the state and upon being developed was surely one of the most expensive planned residential and com- mercial communities ever built in the state. The all brick con- struction has paved sidewalks and slate roofing systems. ■
Aptcor Comm’l. announces the $485,000 sale of childcare ctr.
Aptcor Commercial, Realtors reports the sale of a 5,500 s/f one-story childcare center at 406 Sumneytown Pike, North Wales. See page 33A.
Livingston Town Center
ponent houses approximately 80,000 s/f of retail space and more than 300 dedicated park- ing spaces. “When the chance presented itself to purchase the Livingston Town Center for a significant
R.J. Brunelli & Co. completes 11,000 s/f lease for Dollar Tree
Dollar Tree recently opened 11,000 s/f at Crosspointe Town Square. Senior vice president Danielle Brunelli- Albrecht brokered the lease on behalf of Dollar Tree See page 34B.
METAL BUILDING RE-ROOFING
ALSO INSIDE:
4 TH A NNUAL R ETAIL P ROFILES S POTLIGHT ..................35-40A R ETAIL B ROKERAGE D IRECTORY ....................................... 41A ICSC O RG P AGE .............................................................. 42A B USINESS C ARD D IRECTORY .............................................. 43A P EOPLE O N T HE M OVE ..................................................... 44A
METAL SYSTEMS
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