16B — July 2023 — Central Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey /P ennsylvania
The Aztec Corp. collaborates on architectural design. NAI DiLeo-Bram & Company relocates headquarters in NJ
NAI Mertz brokers two industrial leases in NJ
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OODBRIDGE, NJ — NAI DiLeo- Bram & Co.
(NAIDB) has relocated to its new headquarters at 90 Woodbridge Center Dr., an 11-story, 245,000 s/f class A office tower in Woodbridge. The firm, which occupies Suite 160, concluded a comprehen- sive buildout of its new first- class office space last fall and has successfully relocated its brokerage division from its Piscataway-based office. The latter continues to house its property management and accounting operations. A multi-generational firm backed by 85+ years in the commercial real estate indus- try, NAIDB was established in 2008 through a merger of DiLeo Realty Associates and Eric Bram & Co. Today, NAIDB is a member of the NAI Global network of 375+ offices and 6,000 profession- als. The firm leverages the powerful support of this net- work while offering a level of personalized service and local/regional knowledge as- sociated with being a New Jersey-centric firm. “This is an exciting time for NAIDB that is punctuated by new office space at 90 Wood- bridge Center Drive, which will accommodate our continued growth and help facilitate the
801 Bridgeboro Rd. in Edgewater
READING, PA — The Greater Reading Cham- ber Alliance (GRCA) announced that nomina- tions will be accepted begin- ning Monday, July 10 for the fourth Building Berks Awards & Expo slated for Oct. 25, 2023. The biannual awards and expo event is back to honor and spotlight positive economic growth and development through construction projects in the Greater Reading community. GRCA is seeking nomina- tions for eligible projects completed by July 31, 2023. Projects will be evaluated by a diverse panel of judges rep- resenting various industries and backgrounds. Applicants submitting nominations for projects are asked to include all parties involved—from the banking institution to the contractor to the municipal officials— GRCA seeks to honor ev- eryone involved in making projects in our community come to fruition. 2023 Award Categories include: • Adaptive Reuse • Agribusiness • Building Systems • Commercial • Education • Healthcare • Historic Preservation/ EDGEWATER & EDISON, NJ — NAI Mertz recently completed 157,823 s/f in indus- trial distribu- tion leases for Arm- strong Lo- gistics with one lease for 70,887 s/f at 801 Bridge- boro Rd. in Edgewater, NJ and the other for 86,936 s/f located at 250 Carter Dr. in Edison. Armstrong Logistics, is fo- cused on providing premier professional services and solu- tions for the logistics industry Scott Mertz
whereby they support their clients’ requirements by de- livering cost effective, reliable, and high-quality solutions of strategic value. After securing two new clients, Armstrong needed space very quickly in order to service the demand. Scott Mertz, SIOR & Presi- dent noted, “I was pleased to locate suitable spaces for Armstrong to support their ex- pansion. We were fortunate to identify and lease two locations in very tight time frames.” NAI Mertz also handled placing Armstrong in their Burlington, NJ, headquar- ters comprising more than 300,000 s/f. MAREJ
90 Woodbridge Center Dr.
future expansion plans of our brokerage team,” said David Simon, SIOR , the firm’s chief operating officer. “This move ultimately enhances our abil- ity to serve our customers and clients by positioning our firm in a location that allows easy access throughout the state.” NAIDB collaborated with Jeremy Schall and Suzan Miarmi of Atlantic Re- alty Group , the owner of the building. Charles Logan and his team at The Aztec Corporation provided ar- chitectural and design ser- vices. Furnishing and seating solutions were provided by BFI Corporation and CFI , respectively. NAIDB utilized its in-house project management team to oversee the buildout of its
new headquarters and the firm’s executive vice president Robert Dinner , who is the exclusive leasing agent for the property, represented the landlord in the transaction. “In addition to placing us closer to our clients and pri- mary market area, NAIDB’s office relocation demonstrates our commitment to offering our team of professionals a modern environment designed to appeal to the requirements of today’s – and tomorrow’s – workforce,” added Rob DiLeo , NAIDB president. Located at the crossroads of US Rtes. 1 & 9, 90 Wood- bridge Center Dr. offers easy connectivity to the NJ Tpke., Garden State Pkwy., I-287, Rte. 440 and Outerbridge Crossing. MAREJ
GRCA opens nominations for 2023 Building Berks Awards
CBRE arranges $5.2M sale of single tenant net- leased industrial property in Pottstown, PA
Restoration • Hospitality • Industrial • Infrastructure • Mixed-Use • Placemaking - public space, public art, signage, etc. • Residential • Sustainable Development - projects prioritizing environ- mental stewardship + green The event’s title spon- sor is Shuman Develop- ment Group . Sponsorships are available by contacting Gantz. Deadline is Oct. 4, 2023. building practices • Out-of-the-Box About The Greater Read- ing Chamber Alliance: Our mission is to be Berks Coun- ty’s leading unified resource for building a healthy, com- petitive business commu- nity. Our vision is to assist companies to retain, expand and grow their operations and employment and at- tract new business to Berks County. MAREJ
POTTSTOWN, PA — CBRE announced the comple- tion of the $5.2 million sale of 263 Shoemaker Rd., a 60,000 s/f, single tenant warehouse/ distribution building situated on a 10.34-acre parcel in the Pottstown Industrial Park in Montgomery County. TMC Pottstown, LLC, a subsidiary of TMC Properties, L.L.C., acquired the facility from Wynnestay, LLP. The CBRE Investment Prop- erties team of Stephen Mar- zullo and Adam Silverman , in conjunction with CBRE colleague Paul Touhey , spearheaded the marketing campaign and represented the seller in the negotiations. “Given an in-place rental rate 30% below market, the investment offering provided a rare opportunity for TCM Pottstown to acquire a high- quality industrial asset at sig-
263 Shoemaker Rd.
nificantly below replacement cost, with the future upside of increasing the rent to mar- ket,” said Marzullo. 263 Shoemaker Rd. was developed in 2000 as the new headquarters for The Eastwood Company, a lead- ing e-commerce provider and brick-and-mortar retailer of branded professional grade automotive tools and supplies for auto repair and restoration to automotive repair shops and hobbyists, and consists of
warehouse and office space, a video production studio, and a retail store. The property is fully occupied and self-man- aged by Eastwood on a long term lease. 263 Shoemaker Rd. is lo- cated within the 85-acre Pott- stown Industrial Park and has excellent access to US 422 via Rte. 100, less than 1.5 miles away. Additionally, employees have access to a full array of amenities located in the sever- al major retail centers. MAREJ
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