2A — June 22 - July 12, 2012 — Mid Atlantic Real Estate Journal Aldo Design Group ............................................................ 8A American Boiler .............................................................. 18A Associated Builders and Contractors, Inc. .................... 27A Auction Directory .............................................................. 5A Bergman Real Estate........................................................ 1A Brahney ........................................................................... 12A Capitol Aerials................................................................. 16A Cervelli Management Corporation................................... 9B City Avenue ..................................................................... 13B Coldwell Banker Commercial Bennett Williams........... 37A CMC................................................................................... 1B Cooper Roofing Inc. ........................................................... 9A Crystal Window & Door Systems, LTD.......................... 19A Deerwood Real Estate Capital ......................................... 4B Earth Engineering Incorporated.................................... 37A Exchange Solutions........................................................IC-B Fitzpatrick Lentz & Bubba............................................... 8B Fix Asphalt ...................................................................... 12A Fowler .............................................................................. 28A Franchise World .............................................................. 34A Gilbeaux Associates, P.C................................................. 16A Haftek CWS..................................................................... 22A Halpert............................................................................... 2A Hutchinson Mechanical Services ................................... 17A Integrated Business Systems ............................... 10, IBC-A LandmarkJCM.................................................................. 3B Lebanon Valley Economic Development Corporation ..... 2B Linowes and Blocher LLP................................................. 6B M. Miller & Son................................................................. 3A Marcus & Milichap ......................................................... 14B Max Spann Real Estate & Auction Co. ............................ 5A Meridian Capital Group, LLC ............................... 3A, BC-B Metis .................................................................................. 7B Motley ................................................................................ 4A New Jersey Smart Start Buildings ................................ 11A NJ Paving ........................................................................ 14A NorthMarq......................................................................... 6A Poskanzer Skott Architects ............................................ 13A Ray Angelini, Inc............................................................. 16A RCX.................................................................................. 21A RD Management LLC.............................................30A, 31A RE/MAX of Reading .......................................................... 3A Riker Danzig ..................................................................... 7B Shah Electric & Builder, Inc............................................. 6A THe Aztec Corporation ................................................... 11B The Kislak Company, Inc.................................................. 5B Thesing Companies......................................................... 32A US Realty .......................................................................... 2B Vantage Landscaping Inc. ........................................8A, 22A WithumSmith+Brown, PC.............................................. 12B WP Realty........................................................................ 39A MAREJ A DVERTISERS D IRECTORY
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Mid Atlantic R EAL E STATE J OURNAL Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Section Publisher ..............................................................Michael Campisi Section Publisher ................................................................Elaine Fanning Senior Editor/Graphic Artist ................................................ Karen Vachon Production Assistant ........................................................ Rachel Rugman Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers Guest Columnist ................................................................ Joseph Langan Mid Atlantic R EAL E STATE J OURNAL ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 12 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
Mid Atlantic Real Estate Journal
By Joseph Langan Why now is the time to upgrade your business space
n the business world, events sometimes con- spire to provide a window of opportunity for a particular endeavor. Those who seize the day will prosper, while those who fail to take advantage of the opportunity will be forced to act when the time is not as propitious or sit on the sidelines to await the next opportunity. That time is now for busi- nesses interested in giving their shabby or outdated office or industrial space a facelift by renovating the space that they now occupy, adding onto their existing space, consolidating offices or moving to a better location. The recent uptick in the economy means that many companies now have the cash to undertake a corporate fit- out, but, with the commercial real estate market and the con- struction industry still lagging behind the overall economy in terms of recovery, such fit-outs can be achieved at a consider- able savings. I
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
In short, we’re talking about bargains. Though commercial leasing activity is picking up, commercial real estate still re- mains a buyer’s market. Com- panies interested in expanding or relocating can get sweet- heart deals with landlords that often include concessions such as several months’ free rent or allowances for interior renovations. At the same time, the continu- ing slump in the construction industry means that companies can obtain goods and services, including everything from car- peting to plumbing services, at
cut-rate prices. But these circumstances won’t last forever. While the level of corporate fit-out activity re- mained low through the end of 2011, it has picked up sub- stantially in the first quarter of 2012, with the expectation being that it will pick up even more as the year progresses. Indeed, many are calling 2012 a turnaround year. And where there’s an in- crease in demand, an increase in prices can’t be far behind, which is why it’s important to act before the window of op- Continued on page 46A
MILLBURN, NJ Downtown Millburn Retail 284 Millburn Ave. Prime Downtown Location End Cap Unit Millburn Train Station One Block Away Center of Lifestyle Community
6,000 sf for lease
Join Bank of America | Just Salon & Spa Millburn Opitcal & Surgery
Dedicated Parking 100 Parking Spots Affluent Market Area
Neighboring Tenants
Demographics
CVS Red Mango Chase Bank Trader Joes Valley National Bank
1 Mile 12,203
3 Miles 107,160
5 Miles 401,555
PNC Bank Annie Sez Starbucks Petsmart
Population Daytime Pop. Households Avg. HH. Income
11,532
75,532
193,729
4,661
39,283
144,394
$149,783
$132,708
$103,923
Inquire with owner 973-216-1300
To advertise, call 1-800-584-1062
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