M id A tlantic Real Estate Journal — Owners, Developers & Managers — July 2023 — 11C
www.marej.com
O wners , D evelopers & M anagers
Bringing renewable energy and environmental expertise to the forefront Stout & Caldwell powers South Jersey's Community Solar Project
S PRINGFIELD TWP., NJ — Stout & Caldwell played a vital role in the development of North America Solar Corp.'s groundbreaking Community Solar project in South Jersey. As a trusted partner, Stout & Caldwell provided a wide range of essential services, including civil engineering, surveying, and environmental expertise. From the initial site plans to securing permits and plan- ning board approvals, Stout & Caldwell guided the project ev- ery step of the way. Their com- prehensive surveying efforts encompassed boundary and topographic surveys, ALTA surveys, utilities mapping, and as-built surveys. They also conducted vital assessments such as wetlands analysis, flood zone classification, and flood hazard evaluation. Throughout the process, Stout & Caldwell navigated the complexities of obtaining special permits from regula- tory bodies like N JDEP and Burlington County Soil Con- servation . Now, a remarkable 8.579 MW solar field stands proudly on the expansive 59- acre site at 46 Gilbert Road SCOPE arranges sale & financing of multifamily portfolio in Philadelphia, PA PHILADELPHIA, PA — Scope Commercial Real Es- tate Services, LLC (SCOPE) has announced the sale of a 36-unit, seven-building mul- tifamily portfolio located in the Mantua neighborhood of Philadelphia, PA. The entirety of the portfolio sold for $6,750,000, equating to $187,500 per unit. Saam Tashayyod , vice president at SCOPE, had the listing to market the prop- erty on behalf of the seller, Haverford Square Prop- erties . Fahd Malik , direc- tor at SCOPE procured the buyer, 2X2 Capital . Edward Brown , senior director with SCOPE Capital Group, secured the acquisition financing. The loan was structured with a five- year fixed rate of 5.93 %. “The buyer recently exited a San Francisco-based tech company and has migrated capital in various vehicles throughout the East Coast,” adds Malik. MAREJ
in Bordentown/Springfield Township, generating clean, renewable power for the grid. Services provided: • Conceptual and Major Site Plan • AutoCAD Services • Wetlands Analysis • ALTA Survey • Boundary & Topographic Surveys • Flood Zone Classification/
mony Partners: • North America Solar, Corp. Community impact: • Build new Community Solar project • Increase power to grid with an array size of 8.579 MW • Promote the use of renew - able energy and reduce carbon footprint Stout & Caldwell Engi- neers specializes in site plan design, land survey and environmental solutions. MAREJ
• Utilities Survey • As-Built Survey Flood Hazard • Permitting
• Construction Stakeout • Planning Board Testi -
North America Solar Corp.'s Community Solar project in South Jersey
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