R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
TruAmerica partners with MSD Capital for first East Coast investment TruAmerica Multifamily aquires 1,004- unit Baltimore portfolio valued at $187m
ISSUE HIGHLIGHTS Volume 28 Issue 10 May 27 - June 9, 2016
B ALTIMORE, MD — TruAmerica Multi- family , in partnership with MSD Capital, LP , has expanded its geographical footprint to the East Coast with the acquisition of a 1,004- unit apartment portfolio in suburban Baltimore, MD, in an off-market transaction valued at $187 million. Los Angeles-based TruA- merica has acquired a portfolio that now totals more than 17,000 units with an aggregate value over $3 billion. To date, TruAmerica has specialized in the acquisition and reposi- tioning of mid-tier apartment communities in the Western U.S. but the acquisition of this portfolio is the first for TruAmerica east of Colorado as it expands its value-add platform to include select East coast growth markets. The portfolio is comprised of the 158-unit Bayshore Land- ing in Annapolis, the 634-
Redner’s Warehouse Market, CVS, Dollar General and PA Wine & Spirits. Headquar- tered in Reading, Redner’s is a regional supermarket chain with 45 stores in Pennsylva- nia, Delaware and Maryland. Madeira Plaza, 100% oc- cupied at the time of closing, is also anchored by Redner’s Warehouse Market as well as Big Lots, Office Max, Rite Aid and Dollar General. “Both shopping centers are well performing, in-fill mature grocery anchored centers, the focus of what most investors want in today’s marketplace. The attraction to the assets came from the stability of the historical occupancy of the grocery anchors for over 13 years coupled with the con- tinued growth of the housing markets in Western Mont- gomery County and Berks County along the Route 422 corridor,” said Nathanson, executive vice president with CBRE’s Capital Markets Group. n “Baltimore is one of the top performing economies in the Mid-Atlantic and benefits from one of the most educated resident profiles in the United States.” said Greg Campbell , senior managing director, acquisitions. “As a result of these healthy, long-term job drivers, the three submarkets where the assets are located are experiencing tremen- dous demand from a younger population that prefers to rent rather than own.” n family assets,” said Barry Sholem , head of MSD Capi- tal’s real estate group. “We are excited to partner with TruAmerica on this portfolio, and look forward to pursuing other business together.” TruAmerica will complete an interior renovation plan initiated by the seller that includes faux-wood flooring, granite countertops, updated cabinetry and new appliance packages.
SPOTLIGHTS
INDUSTRIAL R.E. & DISTRIBUTION CENTERS
Section C
Owners, Developers & Managers Shopping Centers: Retail Architecture, Construction & Eng. 3-12A
Southfield in Nottingham
unit Sherwood Crossing in Elkridge, and the 212-unit Southfield in Nottingham. Each property is well–ame- nitized, featuring resort-style pool areas, clubhouses, fitness centers and other recreational facilities. The properties were built between 1984 and 1990. “Similar to the West Coast markets in which we invest, substantially all of the new apartment inventory being
built in the greater Baltimore area is targeted for ‘renters by choice,’ effectively pricing out the working class,” said TruAmerica CEO Robert Hart . “This was a major fac- tor in the decision to target the Baltimore and Annapolis markets for our first East Coast investments.” “MSD Capital continues to see attractive opportunities in repositioning older multi-
Section B
UPCOMING CONFERENCES June 16, 2016
CBRE inks $26.55 million sale of two grocery anchored shopping centers in Pennsylvania
For speaking and sponsorship information, please contact: Linda at 781-871-3456 or lchristman@marejournal.com Philadelphia Healthcare & Medical Properties Summit June 30, 2016 NJ Mid-Year Commercial Real Estate Forecast Summit
POTTSTOWN/READING, PA — CBRE Group, Inc.
(CBRE) is p l eased t o a n n o u n c e that it has brokered the sale of North End Shop- ping Center, a 102,905 s/f
North End Shopping Center
Brad Nathanson
Directory
Shopping Centers.............................................3-12A Owners, Developers & Managers............... Section B Industrial/Distribution Centers................... Section C
Upcoming Spotlights CREATIVE FINANCING MID-YEAR REVIEW www.marejournal.com
Madeira Plaza
neighborhood center located in Pottstown, Pennsylvania, as well as Madeira Plaza, a 164,917 s/f community center located in Reading, Penn- sylvania for a total portfo- lio purchase price of $26.55 million. Brad Nathanson
represented the seller, SIN Ventures, and identified the buyer, Medipower Overseas Co. , a multinational real es- tate group, in the transaction. North End Shopping Cen- ter, 94% occupied at the time of closing, is anchored by
Inside Cover A — May 27 - June 9, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
FOR SALE
JUST LISTED
JUST LISTED
APPLE LOFTS - Development Site University City - Philadelphia, PA Approved for 112 Units | $2,000,000
RITTENHOUSE PORTFOLIO Rittenhouse Square - Philadelphia, PA 36 Units| $4,700,000
FOR SALE
FOR SALE
UNIVERSITY CITY PORTFOLIO Student Housing - Philadelphia, PA 48 Bedrooms | $4,650,000
CHRISTIAN STREET PORTFOLIO Graduate Hospital - Philadelphia, PA 19 Units | $3,020,000
VISIT US AT THE 27th ANNUAL NJAA CONFERENCE AND EXPO - BOOTH 626!
University City Apartments Washington Square Mixed-Use Rittenhouse Square Apartments
Philadelphia, PA Philadelphia, PA Philadelphia, PA Wilkes-Barre, PA Philadelphia, PA Allentown, PA
25 Units 8 Units
$4,800,000 $3,650,000 $2,850,000 $2,650,000 $2,000,000 $1,706,400 $1,225,000
12 Apartments
Philadelphia, PA 3 Floor Office Building
Art Museum Redevelopment Opportunity Wilkes University Student Housing
45 Bedrooms
South Street Commercial Condos
2 Commercial Units
Allentown Apartments
19 Apartments
Ca l l ( 215 ) 454 - 2852 for a FREE Proper t y Va l uat i on ! Additional Information and Listings Available on Our Website: www.rittenhouserealty.com
Corey Lonberger, Managing Partner corey@rittenhouserealty.com
Mark Duszak, Director mark@rittenhouserealty.com
KenWellar, Managing Partner ken@rittenhouserealty.com
For information visit www.RittenhouseRealty.com or call (215) 454-2852
Real Estate Journal — May 27 - June 9, 2016 — 1A
www.marejournal.com
M id A tlantic
Howard Leon Parnes, partner of Houlihan-Parnes Realtors, passed away at age 86 on Thursday, April 21, 2016, leaving behind his devoted family. Mr. Parnes joined forces in 1967 with the long-established Houlihan firm run by James G. Houlihan and Daniel J. Houlihan. The firm, which became known as Houlihan-Parnes Realtors, celebrates its 125 th anniversary next month.
Mr. Parnes was known in the industry for being active in purchasing and selling real estate for over 56 years, and he brought a wealth of experience to any transaction. He was involved in the acquisition, ownership and/or sale of over 5,000 properties, not only throughout the New York area but also throughout the United States and in the Caribbean. His extensive career covered virtually all types of investment real estate. He specialized principally in shopping centers and taxpayers, along with high-rise, mid-rise and garden apartment buildings. At Houlihan-Parnes Realtors, Mr. Parnes established a mortgage servicing company, as well as a management company to run his various properties in New York and nationwide. Mr. Parnes and his staff formed investor groups, arranged financing with the assistance of the Houlihan Parnes Realtors’ mortgage brokerage department, and performed the due diligence and handled the closings on over $3 billion dollars of real estate in the United States.
Mr. Parnes was affiliated with The Bronx/Manhattan Board of Realtors, the Real Estate Board of New York, and the Westchester Board of Realtors.
A dedicated philanthropist, Mr. Parnes constructed three wings for an old age home, Hogar de Ancianos, in La Romana, Domincan Republic. This included building an infirmary with a medical office, a reception hall where patients may congregate and have social activities, a new kitchen and fully furnished dining room, as well as a dormitory with sleeping quarters. Mr. Parnes was also involved in the orphanage “Hogar de Nino” and donated money for the medical equipment of the Romana Central Hospital. Nearby at the Casa de Campo resort, he also developed many vacation homes and villas there as well. He was an avid fisherman, boater, wild-game hunter and enjoyed extensive international travel aboard his yachts, with many family and friends.
2A — May 27 - June 9, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
American Architectural Window & Door.................1B Arrow Steel..............................................................13B AW Meyer. ...............................................................17A Behr Building Services.......................................... IC-B Bennett Williams.....................................................11A Brasler Properties. ..................................................23C Capitol Aerials...........................................................2B Capstan Tax Strategies...........................................15A CenterPoint Properties. ............................................1C Crystal Window & Door Systems.............................6B Denholtz Associates.................................................12C Earth Engineering, Inc.. ...........................................9A E.B. Cohen.................................................................8B Elliott-Lewis. .............................................................3B Environmental Systems..........................................17A Fowler Companies...................................................18B Garden State Industrial............................................4C Gerard Construction Corp.. ......................................8A Goodman Birtcher...................................................13C Greater Reading Economic Partnership................21C Harvey Hanna & Associates...................................17C Heidenberg Properties. ......................................... 4-5A Heller Industrial Parks...........................................24C Hillcrest Paving & Excavating...............................17A Holt Construction....................................................16C Houlihan-Parnes Realtors. .......................................1A Hutchinson Mechanical Services............................12B IBS..............................................................................5B Investors Real Estate Agency.................................17A IREM.................................................................. 17-18B Kay Commercial Realty. .........................................17A Landmark Commercial Realty. ................................3C Lee & Associates......................................................25C M. Miller & Son.........................................................9B Marcus & Millichap......................................17A, BC-A Max Spann...............................................................14A Meridian Capital Group..........................................13A Merritt Properties. ....................................................2C NAI CIR. ....................................................................6C NAI Dileo-Bram.......................................................11C NAI Emory Hill. ........................................................8C NAI James E. Hanson.............................................10C NAI Keystone.............................................................9C NAI Summit...................................................... 17A, 7C NorthMarq Capital..................................................15A P. Cooper Roofing. ................................................ BC-B Premier Compaction Systems.................................14B Pfister Roofing. ........................................................12A Poskanzer Skott Architects.......................................4B RD Management.................................................... 6-7A RED Marketing Communications..........................15A Schmidt Construction & Consulting. .....................12B Sitex Group/JLL......................................................14C Sorce...................................................................... BC-C Stout & Caldwell. ....................................................10B Subway.....................................................................11A Total Cleaning Associates Ltd..................................2B Tulfra Real Estate...................................................15C USGBC.....................................................................15B Whitesell.................................................................IC- C MAREJ A dvertisers D irectory
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant/Graphic Artist ............................... Julie King Associate Publisher ................................................. Alissa Aronson Associate Publisher ...................................................Eric Ballenger Associate Publisher .............................................. Barbara Holyoke Associate Publisher .....................................................Steve Kelley Office Manager .........................................................Joanne Gavaza Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 28 Issue 10 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 The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
John G. Udell
Create your dream career as a commercial real estate broker
M
ORRIS PLAINS, NJ — Contrary to a common belief held
by many, entering the cov- eted industry of real estate is not limited to residential brokerage. In fact, according to Weichert Commercial Brokerage , becoming a com- mercial real estate broker of- fers beneficial opportunities to pursue a successful career that one can build upon. For people seeking a real estate license or considering a change in career within the field, Weichert Commercial encourages these future or current agents to evaluate the benefits and opportunities of both residential and commer- cial real estate, as there are a few differences to explore. The main difference is in the re- lationships one builds within the industry. As opposed to residential real estate, which is home-centric, commercial real estate brokers with the proper training can work with high-income buyers who either run companies or are looking for retail, office, industrial or investment properties. These
relationships are long-term and can result in leveraging multiple business opportuni- ties over time. In addition to being im- mediately positioned in the high-level corporate business arena of real estate, commer- cial brokers with Weichert Commercial also have the benefit of being provided the highest number of leads of any other commercial real estate company, including existing relationships with many companies among the Fortune 1000. “Our goal as a full-service commercial brokerage compa- ny is to create deeper connec- tions with our customers and
vendors that last a lifetime,” said John Udell , president of Weichert Commercial Broker- age, Inc. “Becoming a broker in the commercial industry allows one to leverage their interpersonal skills on a whole new level to create high-end earning potential through new and existing relationships. We take pride in sharing that op- portunity with our team here at Weichert.” Thinking about kick-start- ing your career in real estate as a commercial real estate broker? Visit www.weichert- commercial.com, or call (973) 267-7778 to find out more about a career in commercial real estate. n
Meridian Capital Group arranges $1 million in bridge financing for a land parcel in NJ
LONG BRANCH, NJ — Meridian Capital Group , arranged $1 million in bridge
financing for a land par- cel located in Long Branch. T h e 1 2 - m o n t h l o a n w a s provided by Sharestates , a real estate
David Oheb
crowdfunding platform backed by institutional capital, and features interest-only payments for the full term. This transac- tion was negotiated byMeridian associate, David Oheb , who is based in the company’s New York City headquarters. The 119,400 s/f vacant lot is located at 888 Ocean Ave. just one block from the Atlantic Ocean in the Elberon neighbor- hood of Long Branch. Elberon began as a beach resort com- munity in the late eighteenth century and developed a repu-
888 Ocean Ave.
tation as the “Hollywood” of the East in the nineteenth century. Today it remains an upscale residential beachside neighbor- hood located within 90 minutes of New York City. “We are thrilled at the op- portunity to work closely with David Oheb, and a top-tier firm like Meridian, said Allen Shayanfekr , CEO of Shares- tates. “Our team at Sharestates couldn’t be happier with the ease and fluidity of our transac-
tion together—the first of many. We look forward to making our platform the go-to solution for creative projects that Merid- ian originates and structures with our underwriting team,” he added. “Meridian successfully met the client’s accelerated dead- line of just one week due to tremendous teamwork between the client, Meridian and the lending team at Sharestates.” said Oheb. n
To advertise, call 1-800-584-1062
S hopping C enters F eaturing R etail A rchitecture , C onstruction & E ngineering
Real Estate Journal — Shopping Centers — May 27 - June 9, 2016 — 3A Kennedy Pharmacy opens at the Colonial Village Shopping Center
www.marejournal.com
M id A tlantic
Joint venture to redevelop/reposition shopping center HFF arranges $21.7 million acquisition financing in PA D
EDISON, NJ — Jaime Weiss , managing member of Colonial Village Associates, LLC and president of Weiss Realty , the center’s leasing and managing agent, has announced that Kennedy Pharmacy has leased 1,025 s/f at Colonial Village Shopping Center located at 1 Lincoln Highway in Edison, NJ. The Grand Opening event took place on Wednesday, April 27th. Edison Mayor Tom Lankey was on hand to cut the ribbon in the store open- ing ceremony. With this lease, The Shops at Colonial Village are now 100% percent leased. “We are excited to celebrate the Grand Opening of this independently owned and communityminded pharmacy” said Matthew Weiss who brokered the transaction. “The new owners are excited to open their doors to the community.” Kennedy Pharmacy is con- veniently located to serve the many physicians and medical professionals with offices at Colonial Village and patients
Hardware, Anthony’s Res- taurant, PNC Bank, Drexel Hill Pediatrics Associates and Children’s Dental Health As- sociates. The mixed-use center is situated on 18.46 acres at 4990-5100 State Rd. at the signalized intersection of State Rd. and Rte. 1, which has an average daily vehicle count exceeding 35,000. Drexeline Shopping Center is located in Drexel Hill in the western part of Upper Darby Township nine miles west of Center City Philadelphia. The HFF debt placement team representing the bor- rower was led by senior manag- ing director Jon Mikula and director Michael Klein . “Drexeline Shopping Center is situated in an infill location with great demographics,” Klein said. “The partnership between MCB Real Estate and The Hampshire Companies has an excellent opportunity to re-
fresh, stabilize and reposition the center for the long-term benefit of the local community.” “Flushing Bank quickly un- derstood the shopping center’s potential and was eager to work with both MCB and The Hampshire Companies to help fulfill their vision for the prop- erty,” Mikula added. “Flushing Bank has been a leader in commercial real es- tate and multi-family lending in the New York Metropolitan area for many years,” said Ron Hartmann , executive vice president for commercial real estate lending at Flush- ing Bank. “We are excited to expand our lending expertise in support of larger commer- cial real estate transactions in similar metropolitan markets. Our customers also have the benefit of a robust complement of online banking services, in- cluding operating accounts and cash management services.” n
REXEL HILL, PA — Holliday Fenoglio Fowler, LP (HFF) an- nounced that it has arranged $21.7 million in acquisition financing for Drexeline Shop- ping Center, a 264,417 s/f, grocery-anchored, mixed-use retail center with office space in the Philadelphia suburb of Drexel Hill. HFF worked on behalf of the borrower, a partnership between The Hampshire Companies a nd MCB Real Estate , and with the lender, Flushing Bank , to provide permanent financing. Loan proceeds will be used for the acquisition and a secure line of credit for redevelopment and repositioning of the shopping center. Consisting of five buildings, Drexeline Shopping Center is home to more than 40 retail and office tenants, including grocery-anchor Shop Rite, Ace
1 Lincoln Highway
needing medical services at nearby JFK Medical Center and in Metuchen and Edison area. Colonial Village comprises 20,000 s/f of retail services, dining and shopping and 50,000 s/f of offices situated in five buildings on 6 landscaped acres with 400 car parking spaces. Located at the cross- roads of central New Jersey, it is easily accessible from the Garden State Parkway at Exit 132, the NJ Turnpike and Routes 1 & 9. n
Investment Real Estate inks $5.25 million sale in New Jersey
Centre Square Commons scheduled to open 1st quarter 2017 Madison Dev. & Kinsley Properties to develop 110,000 s/f shopping center
Space Relief Center
site rental office. Site improve- ments include standing seam metal roofs, asphalt driveways, exterior lighting with a keypad operated gate and keypad op- erated entrance and exit doors. Space Relief Center was 85% occupied at the time of sale. John Gilliland , president and CEO for Investment Real Estate, states, “This sale was finally consummated after numerous years of coopera- tive work between the seller and the broker to maximize the value of the property. The seller realized that prices are at all-time highs and he took the initiative to liquidate the asset. Congratulations on a market well timed.” n
SUSSEX COUNTY, NJ — Locally owned and operated Investment Real Estate, LLC announced the sale of Space Relief Center for $5.25 million to a private investment group. Space Relief Center is located on Rte. 206 between the towns of Newton and Branchville in Sussex County. Space Relief Center consists of 11 single story metal build- ings with over 500 storage units. The facility is located on over 17 acres of Qualified Farm zoned land with excel- lent visibility from Rte. 206, a major north-south arterial serving greater Newton. The entire property has been well cared for and has an on-
along the east coast. The shop- ping center co-tenants include Starbucks, Hallmark Cards, Zoe’s Kitchen, Verizon Wire- less, VIST Bank, Turning Point Restaurant, Anthony’s Coal Fired Pizza, Pet Valu, Hand & Stone and many other retailers and restaurants. The shopping center design includes decora- tive pavers and lighting with several large piazza’s and wide sidewalks for outdoor dining. Centre Square Commons rendering
“Kinsley Properties has over 40 years of experience develop- ing hospitality, residential, in- dustrial, office and retail prop- erties in Pennsylvania, New Jersey, Maryland and Virginia making them an ideal partner for us to jointly develop this premier site”, said McKenna. Ground breaking was March 28th and grand opening is scheduled for 1st quarter 2017. n
BLUE BELL, PA — John McKenna , president of Madi- son Development Group, Inc. and Tim Kinsley, prin- cipal of Kinsley Properties , have entered into a joint ven- ture to develop a 110,000 s/f shopping center at the inter- section of Rte. 202 & 73 in Blue Bell, PA. Centre Square Commons will be anchored by The Fresh Market, a specialty food market with 185 stores
4A — May 27 - June 9, 2016 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters Shopping center will increase by 9,151 to 227,441 s/f and boast five new tenants Heidenberg Properties Group creatively expands Hershey Square Shopping Center
he October 2014 ac- quisition of Hershey Square Shopping Cen- ter by Heidenberg Proper- tiesGroup inHummelstown, PA was a marked departure from the full-service real estate company’s typical ap- proach. Historically, Heiden- berg Properties and its prin- cipals have acquired “value- added” centers whereby the group can leverage its leas- ing, property management, and development acumen to drive equity appreciation. Notable successes include the 2005 de-malling of the Leba- non Mall (Lebanon, PA) into an open-air center anchored by Kohl’s, TJX, PetSmart, and Michaels; re-tenanting a former 33,000 s/f Sears Hard- ware for Michaels and Mod- ell’s (Shirley, NY) in 2014; and currently, the March 2016 opening of a 55,000 s/f Kohl’s outlot as the initial phase of a re-positioning of the Berlin Mall (Berlin, VT). When evaluating the pur- chase of Hershey Square, however, Heidenberg Proper- ties and its joint venture part- ners Norse Realty Group and Strategic Real Estate Partners took a different approach. The center had several compelling attributes including well-performing anchors with below-market rents and lengthy terms, as well as high-grossing restau- rants such as Panera Bread and Applebee’s. In addition, the market presented desir- able demographics in regard to income and population density, while the presence of nearby Hersheypark and other recreation attractions made the site appealing for both the existing community and tourists. Moreover, the center had been originally de- veloped and managed by the Hershey Trust Company . Consequently, there were no deferred maintenance or physical issues. Hershey Square was a “Class A” shop- ping center by all measures. Heidenberg Properties and its partners were confident that they were acquiring a fully-stabilized center with predictable cash flows for years to come. Although the “value-added” characteristics were not apparent, the combi- nation of strong tenants and T
long-term leases resulted in a desirable asset to add to the portfolio. It wasn’t long after acquir- ing the property that Heiden- berg Propert i es ’ “DNA” emerged. With the knowledge that several retailers wanted to tap into the Hershey mar- ket, the group reevaluated the shopping center’s leasing and expansion opportunities. Heidenberg Properties re- alized that an inherited ap- proval for a since-terminated restaurant deal could be extended and potentially expanded upon. The devel- oper ultimately obtained an approval for the demolition and subsequent expansion of a pad building from 2,025 to 6,750 s/f and quickly con- cluded lease negotiations. As of early May, the new pad had been delivered to tenants Visionworks, Five Guys Burg- ers & Fries, and a medical testing lab. All retailers plan to open this summer.
In addition, Heidenberg Properties realized that ex- isting merchant PA Wine & Spirits, occupying 13,373 s/f, was using inline space as a storage area. Heidenberg Properties concluded that if the storage space could be constructed at the rear of the existing store, the inline space could be put to its “highest and best use” and leased to other traditional retailers. By constructing the new stockroom in the rear of the building, theWine & Spir- its store was able to install its latest “Premium Collec- tion” prototype and commit to a new ten-year lease. Ad- ditionally, the 6,800 s/f of inline retail will be occupied by a 3,800 s/f Sleepy’s and a 3,000 s/f Pet Valu. These new tenants expect to be open for business by Labor Day. Only eighteen months from acquiring the property, this “fully-stabilized” shopping center will increase by 9,151
maximize the construction on our existing property, allow- ing us to create new spaces in one of the best locations in the market.” Located in the heart of Her- shey’s entertainment, medi- cal and educational campus- es, Hershey Square Shopping Center is situated 14 miles east of Harrisburg at the con- vergence of Routes 422, 322, and 39. Penn State Hershey Medical Center, home to the Penn State Cancer Insti- tute, College of Medicine and Children’s Hospital, as well as the University Physician Center is located directly across Routes 422 and 322. Hersheypark, which draws more than 2 million visitors annually, is less than three miles from the center as are an abundance of hotels and resorts including Holiday Inn Express, Hershey Lodge, the Hotel Hershey, Hilton Gar- den, and Hershey Country Club. n
to 227,441 s/f and boast five new tenants. Once all tenants have opened, the pro forma NOI is projected to increase by over 18%. The new tenants will join an outstanding mix of na- tional and regional retailers including anchors Kmart and Weis Markets, as well as Panera Bread, Applebee’s, GNC, and Verizon. The center is currently 99% occupied. The successful expansion at Hershey Square was a direct result of Heidenberg Properties’ and its partners’ response to the robust re- tail demand. “Because of its strong residential base and the many visitors to the entertainment, business and recreational attractions, retailers have been clamor- ing for space in the Hershey area, but there is little avail- able,” said Ken Simon , vice president of real estate for Heidenberg Properties. “For- tunately, we were able to
Real Estate Journal — Shopping Centers — May 27 - June 9, 2016 — 5A
www.marejournal.com
M id A tlantic
S hopping C enters
Hershey Square | Hummelstown, PA Development Expansion to 227,000 GLA New Pad and Inline Stores Opening Summer 2016
Heidenberg Properties Group doesn’t wait for opportunity to come knocking. We actively seek it out. For over 30 years, our proactive approach to finding and developing value in our shopping center and retail properties has been grounded by our commitment to solid real estate fundamentals.
We Just Can’t Wait for Our Properties to Grow.
Future Façade Renovation
Southport Shopping Center | Shirley, NY Successful Expansion from 207,000 to 299,000 GLA 100% Leased | Pad Sites Available
Lake Plaza Shopping Center | Mahopac, NY New 54,000 SF Stop & Shop Opening Fall 2017 Shopping Center Expansion to 166,258 SF
Berlin Mall | Berlin, VT | 250,046 GLA 93,539 SF Walmart 55,000 SF Kohl’s Opened March 2016
We Are Leasing! We Are Buying!
Contact Us for Our Latest Portfolio-wide Retail Space Opportunities and Acquisition Criteria.
201-768-1300 234 Closter Dock Road | Closter, NJ 07624 | info@heidenbergproperties.com www.heidenbergproperties.com
HP05.N1 Properties to Grow Ad MAREJ 5-27-16.indd 1
5/19/16 12:13 PM
6A — May 27 - June 9, 2016 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
S hopping C enters
18+ Million Square Feet
NEW YORK Glenville (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. ±170,616 SF GLA In-Line Space Available
PENNSYLVANIA Quakertown at Richland Marketplace Rt. 309 & Pumping Station Road
northeast
MASSACHUSETTS Billerica Shops at Billerica
BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA / New Anchor Space Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (CR 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree 96,290 SF GLA Latham (Colonie)
Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 298,411 SF GLA In-Line Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese 271,377 SF GLA / Pad Site Available Milford Milford Crossing Medway St. & Beaver St. @ I-495 New Anchor Opportunities 146,770 SF GLA Future Expansion Space Available NEW JERSEY Hanover Future Development Hanover Ave. near Horsehill Rd. Leasing Pads & In-Line Space Evesham (Marlton) Shoppes at Renaissance Square Route 70 & N. Locust Avenue 176,519 SF GLA Plus Luxury Rental Homes Major Redevelopment Underway Marlton Marlton Plaza State Highway 73 & Sunbird Drive New Development Coming Spring 2016 26,016 SF GLA Mount Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx Vineland Vineland Marketplace / Kmart Plaza S. Delsea Dr. (Route 47) & College Dr. Future Development Anchor Space / Outlots Available Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 95,802 SF GLA Anchor Space Available NEW YORK Cortland Future Development Route 13 & Bennie Road 26 Acres across from Walmart NEW NEW
midwest
ILLINOIS Downers Grove
Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,724 SF GLA Future Phase III Office or Retail Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples / 276,792 SF GLA In-Line Space Available Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office / 21,212 SF GLA Southampton The Mill Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 134,271 SF GLA 9.82 Acres Available Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s / 140,715 SF GLA 10,584 SF Future Expansion/Pad Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte. 309 & Rte 202 BJ's, Lowe's / Anchor Space Available 133,000 SF GLA UPDATED NEW
Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF INDIANA Evansville
Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General / 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store / 134,797 SF GLA Anchor Space & Outlots Available Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA MICHIGAN Flint (Former) Kmart Shopping Center Dort Hwy. (Rte. 54) & Atherton Hwy. 92,691 SF GLA Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Redford Redford Plaza Plymouth Rd. & Inkster Rd. CVS, Planet Fitness 114,865 SF GLA / Anchor Opportunity
UPDATED
Thomas G. Mirandi 212.265.6600 x239 tmirandi@rdmanagement.com Fax: 212.459.9133
Real Estate Journal — Shopping Centers — May 27 - June 9, 2016 — 7A
www.marejournal.com
M id A tlantic
S hopping C enters
200+ Properties
MICHIGAN Southgate Fort St. & Burns Ave. Vacant Land – 9.37 Acres MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 293,732 SF GLA OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA In-Line, Future Expansion & Pad Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space Holland (Toledo) Spring Meadows Place II Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart UPDATED ALABAMA Huntsville Redevelopment Opportunity South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.03 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Dollar Tree 131,646 SF GLA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Gainesville Mixed Use Development NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg. Lakeland The Groves US Hwy 98 N & Lakeland Park Center Drive Adjacent to Lakeland Square Mall 54,434 SF GLA plus 5.8 Acres for B-T-S NEW NEW NEW NEW south
FLORIDA N. Fort Myers, FL Merchants Crossing US Hwy 41 & SR 78
VIRGINIA Winchester Winchester Plaza
NEW
UPDATED
S. Pleasant Valley Rd. & E. Jubal Early Dr. Dick’s Sporting Goods, The Fresh Market, Planet Fitness / ±90,000 SF GLA WEST VIRGINIA St. Albans St. Albans Shopping Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 263,323 SF GLA ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart / 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City west
Beall’s Outlet, AMC Theatres, JoAnn Fabrics, Dollar General 323,061 SF GLA Ocala
NEW
Shady Oaks Shopping Center SW 27th Ave & College Rd Burlington Coat Factory, Best Buy, Staples, JoAnn Fabrics / 260,419 SF GLA Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA Tampa University Mall E. Fowler Ave. & Bruce B. Downs Blvd. / N. 30th St. Macy’s, Sears, Dillard’s, Burlington Coat Factory Anchor Space, Outlots & Redevelopment Opportunities / 675,294 SF GLA KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 257,761 SF GLA / In-line Space & Outlot Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market / 164,293 SF GLA Anchor Space & Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot / 146,586 SF GLA TENNESSEE Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. Harbor Freight Tools, The Avenue 111,463 SF GLA TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. / 136,221 SF GLA VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. 4.97 Acres & 5.23 Acres Available NEW NEW UPDATED MARYLAND Hagerstown Long Meadow Shopping Center
410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment
puerto rico
PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads ± 525,000 SF GLA
Thomas G. Mirandi 212.265.6600 x239 tmirandi@rdmanagement.com Fax: 212.459.9133
8A — May 27 - June 9, 2016 — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
R etail A rchitecture , C onstruction & E ngineering Xscape Theatre in Howell, NJ and ShopRite in Staten Island, NY Gerard Construction completes two projects totaling 127,000 s/f C ENTRAL , NJ — GerardConstruction Corp., a full service
commercial general contract- ing and construction manage- ment company serving clients in the Tri-State area, has com- pleted two significant projects this month. A ceremonial ribbon cut- ting was held on Friday, May 20, 2016 for Xscape Theatre in Howell, New Jersey. This state of the art cinema is a 60,000 s/f, 1,598 seat ground up construction project. In an aggressive construction schedule Gerard Construction completed the contemporary
ShopRite, Staten Island, NY
Xscape Theatre
Xscape Theatre ribbon cutting
14 high definition auditoriums including two studios that are 3 stories high, offering 3D capable projection, 4K Digital Projection, Dolby Atmos Sur- round Sound utilizing over 50 Speakers per studio. All theatres feature wide body Leather Electric Reclining Chairs with plenty of leg room and, for added customer con- venience, Kiosks to purchase tickets allowing you to skip the line. Xscape Theatre has set the standard for first class entertainment. ShopRite Supermarket in Staten Island, New York is expected to open by Fourth of July. This grand 67,000 s/f ground up construction project includes an elevator accessible mezzanine level, an Interna- tional Food Court, Reggiano’s Pizza with wood burning pizza ovens, a full service pharmacy and a Dunkin Donuts. Cor- porate headquarters for the Shoprite chain franchisee is incorporated into the mez- zanine level. According to ShopRite’s website, owners belong to the Wakefern Food Corporation, which “buys, warehouses and transports products while providing other support services to ensure customer satisfaction” and en- ables member stores, through “volume” buying, to “offer their consumers the lowest overall prices, and the greatest value, in the marketplace.” n
COMPLETED PROJECTS:
ossroads
Howell Commons
COMPLETED PROJECTS:
ntown, NJ
Howell, NJ
Howell Commons How ons
Crossroads
Eatontown, NJ
Howell, NJ
ns
Ethan Allen
TJ Maxx
Watchung, NJ
Woodbridge, NJ
Ethan Allen Marlboro, NJ Linden Commons Linden, NJ
Mattress Warehouse Lacey Twp., NJ Ethan All n Watchung, NJ
TJ Maxx TJ Ma
Woodbridge, NJ , J o
Xscape Theatre Xscape Theatr Howell, NJ AutoZone Staten Island, NY, Garwood, NJ, Little Ferry, NJ Howell, NJ FEATURED PROJECTS:
FEATURED PROJECTS:
AutoZone utoZone Staten Island, NY, Garw od, NJ, Li tl Staten Island, NY, Garwood, NJ, Little Ferry, NJ ShopRite Staten Island, NY
re
ShopRite ite
Staten Island, NJ , Y I l
4900 Route 33, Suite 101 Wall Township, New Jersey 07753 P: (732) 933.0707 F: (732) 933.0775 www.gerardconstructioncorp.com
Real Estate Journal — Economic Development — May 27 - June 9, 2016 — 9A
www.marejournal.com
M id A tlantic
R etail A rchitecture , C onstruction & E ngineering Former Abbey Cinemas is under renovation and will house a 20,000 s/f TJ Maxx store ShopRite of West Milford to begin interior reno. this Spring, exterior renovations now underway W EST MILFORD, NJ — Inserra Su- permarkets will 20,000 s/f TJ Maxx store. An opening is planned for fall of 2016.
will be erected in June. “We are pleased to move forward with updating this ShopRite store and are target- ing fall of 2016 for the comple- tion of work,” said Lawrence Inserra, Jr. , chairman and CEO of the family-owned chain, which owns and oper- ates 22 ShopRite supermar- kets in New Jersey and New York. “Our goal with the reno- vations is to further enhance the shopping experience for all of our customers in West Milford.” The former, four-theatre Abbey Cinemas is under reno- vation and will house a new
In addition to ShopRite of West Milford, Inserra Shop- Rite locations in New Jersey include Ramsey, Lyndhurst, Emerson, Hoboken, Bayonne, Lodi, Fair Lawn, Columbia Park, New Milford, Hacken- sack, Wallington, Jersey City, Palisades Park, Hillsdale, Northvale andWayne. InNew York, locations include New City, Tallman, Stony Point, West Nyack and Garnerville. Inserra Supermarkets also owns and operates a PriceRite in Garfield, New Jersey. n
begin interior renovations on its ShopRite of West Mil- ford store later this spring. The store is located at the corner of Union Valley and Marshall Hill Roads in West Milford and has operated there since the 1960s. The store will remain open during the renovations. The interior upgrades will feature expanded produce, organic offerings and greater variety of all product lines. Exterior upgrades are cur- rently underway and will With a focus on results- oriented design, DxDempsey believes that the design of the built environment has the power to spark the growth and improvement of a busi- ness. With many companies concentrating on the bottom line now more than ever, we’ve placed an emphasis on helping businesses thrive. With the opening of the Blue Cross Store in Dickson City, actual enrollment num- bers were two to three times that which was originally projected. This increase in revenue can be attributed not only to the open enrollment period, but also to the project location, new branding, ease of operation and creating a functional, pleasurable, results-oriented customer experience. Architectural, digital and graphic touch- points offer opportunities for customer service representa- tives to engage the public on a personal level. Similarly, Fidelity Bank saw an accelerated pace of growth at their West Pittston Branch. The number of new accounts opened since the branch relocated to the newly constructed building exceeded expectations. Employees have expressed their delight in working in a light-filled space. Customers have responded positively to the new branch Whether it’s a bank, store, office space or restaurant, the design of the space influ- ences both the customer’s and employee’s impressions, attitudes, and overall experi- ences, which in turn can have a positive effect on the bottom line. n DxDempsey helps businesses thrive
ShopRite of West Milford
include improvements to the parking area. Later this month, additional streetscape improvements along Union Valley and Marshall Hill
Roads are expected to com- mence on issuance of a county right-of-way permit. New signage for ShopRite of West Milford and the retail tenants
CELEbRATInG 25 yEARS oF EnGInEERInG ExCELLEnCE!
QUALITY • COMMITMENT • PERFORMANCE
Subsurface Investigations • Construction Inspection and Testing Geotechnical Design & Analysis • Environmental Site Assessments and Remediation • Clean Fill Testing • Carbonate Site Assessments Stormwater Infiltration Testing • Laboratory Soils Testing www.earthengineering.com Corporate Headquarters: 610-277-0880 • Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 • South Jersey: 856-768-1001
10A — May 27 - June 9, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
C ommercial R eal E state O rganizations ’ E vents C alendar JUNE 2 – ICSC
JUNE 7 – NJAA Event: Fair Housing and Beyond (North) Time: 10:00 AM – 3:00 PM Location: Holiday Inn Address/City: 450 U.S. Hwy 1 & 9 South, Newark, NJ Cost: $89 Members $119 Nonmembers P: 732-992-0600 www.njaa.com
JUNE 9 – USGBC CENTRAL PA Event: Emerging Professionals Happy Hour Time: 5:00 PM – 7:00 PM Location: The Millworks, 340 Verbeke St., Harrisburg, PA www.usgbc.org JUNE 13 – INSERRA SUPERMARKETS Event: 30th Annual Golf Outing for the Carl Inserra Leukemia Fund Locations: Edgewood, White Beeches, Knickerbocker & Hackensack Golf Courses Reception: Seasons in Washington Township JUNE 13 – IOREBA 47th Annual Jeffrey Siegel Memorial Golf & Tennis Outing Time: 11:00 AM – 8:30 PM Location: Morris County Golf Club Address/City: 36 Punch Bowl Rd., Morristown, NJ www.ioreba.com JUNE 14 – CREW PHILADELPHIA Event: Round Table – Connecting: Development, Neigh- borhoods and Holistic Growth of the City Time: 8:00 AM – 10:30 AM Location: Center for Architecture Address/City: 1218 Arch Street; Philadelphia, PA Cost: $55 Members $75 Nonmembers www.crewphiladelphia.org JUNE 14 – ICSC Event: New Jersey P3 Retail Program Location: William Paterson University Address/City: 1600 Valley Rd., Wayne, NJ Cost: $15 Members $30 Nonmembers P: 646-728-3685 E: pmartillo@icsc.org www.icsc.org JUNE 15 – SMPS PHILADELPHIA Event: Year-End Bash Time: 5:30 PM – 7:30 PM Location: Liberte’ Lounge at Sofitel Address/City: 120 S. 17th St., Philadelphia, PA Cost: $45 Members $55 Nonmembers www.smpsphiladelphia.org JUNE 15 – ULI PHILADELPHIA Event: 3rd Annual Willard G. “Bill” Rouse III Awards for Excellence Time: 5:30 PM – 7:00 PM Location: The Ballroom at The Ben Address/City: 834 Chestnut St., Philadelphia, PA www.philadelphia.uli.org JUNE 15 – USGBC NJ Event: Emerging Professionals & North Branch 4th Annual Summer Kick Off Happy Hour Time: 5:30 PM Location: Surf City Address/City: 1 Marin Blvd, Jersey City, NJ Cost: $45 Members $55 Nonmembers www.usgbcnj.org JUNE 16 – ABC NJ Event: Northern Golf Outing Time: 12:00 PM – 8:00 PM Location: Farmstead Country Club Address/City: 88 Lawrence Rd., Layfayette Township, NJ JUNE 13-15 – CREFC Event: Annual Conference Location: New York Marriott Marquis Address/City: 1535 Broadway, NY www.crefc.org
Event: PA/NJ/DE Next Generation Program & Reception Time: 4:30 PM Location: Victory Beer Hall at Xfinity Live Address/City: 1100 Pattison Ave, Philadelphia, PA Cost: $40 Members $55 Nonmembers P: 267-443-6418 www.icsc.org
JUNE 2 – NJIFMA Event: 1st Annual Bowling Night
JUNE 7 – NJ BANKERS Event: Commercial Real Estate Conference Time: 8:30 AM Location: Hotel Woodbridge at Metropark Address/City: Iselin, NJ www.njbankers.com
Time: 6:00 PM – 9:00 PM Location: Hanover Lanes Address/City: 119 Rte. 10, East Hanover, NJ P: 908-721-1742 E: admin@njifma.com www.njifma.com JUNE 2 – SIOR NJ Event: Educational Event – Core & Ethics Time: 8:30 AM – 3:30 PM Location: NJ Conference & Expo Center Address/City: 97 Sunfield Ave., Edison, NJ Cost: Members Free/$75 Nonmembers www.siornj.com
JUNE 8 – CIANJ Event: Human Resources Roundtable Time: 8:30 AM – 10:30 AM Location: Hilton Hasbrouck Heights Address/City: 650 Terrace Ave., Hasbrouck Heights, NJ
Cost: $55 Members $85 Nonmembers P: 201-368-2100 E: nharencak@cianj.org www.cianj.org
JUNE 2 – SMPS CENTRAL PA Event: 10th Birthday Party Time: 5:30 PM – 7:30 PM Location: The Coop at Historic Acres of Hershey Address/City: 3425 Old Hershey Rd., Elizabethtown, PA Cost: Members Free/$45 Nonmembers www.smpscentralpa.org JUNE 2 – ULI PHILADELPHIA Event: Hard-Hat Tour of New 76ers Training Complex Time: 4:00 PM – 6:30 PM Location: 76ers Training Complex Address/City: 98 Harbor Boulevard at S. Front St. (free JUNE 3 – USGBC NJ Event: 1st Annual Membership Meeting Time: 11:30 AM – 1:30 PM Location: Basking Ridge Country Club Address/City: Basking Ridge, NJ Cost: $65 Members $40 Emerging Professionals $25 Students www.usgbcnj.org JUNE 6 – BOMA PITTSBURGH Event: 2016 Golf Classic Time: 9:30 AM Location: Valley Brook Country Club Address/City: 425 Hidden Valley Rd., McMurray, PA P: 412-261-2328 www.bomapittsburgh.org JUNE 6 – SMPS PITTSBURGH Event: Upping Your Golf Game-Golf Clinic & Networking Time: 3:00 PM – 6:00 PM Location: Scally’s Golf & Training Center Address: 265 Hookstown Grade Rd., Moon Township, PA Cost: $35 Members $40 Nonmembers $40 Walk-ins www.smpspittsburgh.org JUNE 7 – CIANJ Event: Bruce G. Siminoff Legislative One-on-One Dinner Time: 5:30 PM – 8:00 PM Location: Nanina’s In The Park parking at Front St. lot), Camden, NJ Cost: $40 Members $65 Nonmembers www.philadelphia.uli.org
JUNE 8 – CREW NJ Event: 14th Annual CREW NJ Golf Classic & Reception Time: 10:00 AM Location: Fiddler’s Elbow Country Club Address/City: Bedminster, NJ E: crewnj@crewnj.org www.crewnj.org JUNE 8 – IREM NJ Event: Annual Friend of IREM Event - River Cruise and Wine Tasting Time: 4:30 PM – 8:00 PM
Location: River Queen at Bogan’s Basin Address/City: 800 Ashley Ave., Brielle, NJ Cost: $65 E: irem1@comcast.net www.irem1.org
JUNE 8 – POA NJ Event: Landlord Tenant Law Time: 6:30 PM – 8:30 PM Location: Wilshire Grand Hotel Address/City: 350 Pleasant Valley Way, West Orange, NJ P: 973-731-7007 www.poanj.org JUNE 8 – ULI PITTSBURGH Event: Nova Place: An Epicenter for Innovation Time: 5:30 PM – 7:30 PM Location: Alloy 26 at Nova Place Address/City: 100 South Commons, Pittsburgh, PA P: 724-687-0707 E: holly.muchnok@uli.org www.pittsburgh.uli.org
JUNE 9-10 – NAIOP NJ Event: I.CON ’16: Trends and Forecasts Time: 8:00 AM Location: Hyatt Regency Jersey City Address/City: 2 Exchange PL., Jersey City, NJ
P: 732-729-9900 www.naiopnj.org
JUNE 9 – NJAA Event: Fair Housing and Beyond (South) Time: 10:00 AM – 3:00 PM Location: Multi-Housing Depot By ARI Address/City: 511 Elbow Lane, Burlington, NJ Cost: $89 Members $119 Nonmembers P: 732-992-0600 www.njaa.com
Address/City: 540 Mill St., Belleville, NJ Cost: $140 Members $195 Nonmembers P: 201-368-2100 E: ehallock@cianj.org www.cianj.org
P: 609-989-9110 www.abcnjc.org
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72Made with FlippingBook HTML5