R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 26 Issue 10 May 30 - June 12, 2014 Commercial RE Forecast Summit June 25th, 2014 Register Today at www.rejournals.com

Including a $13,000,000 first mortgage bridge loan Procida’s 100 Mile Fund completes over $30 million of financing in PA


HILADELPHIA, PA — Procida Funding & Advisors , a real estate

investment b a n k i n g and adviso- ry firm an- nounced the complet ion of three sep- arate financ- ing transac-

Billy Procida

tions totaling $30,500,000 in the Philadelphia area in the first quarter of 2014. In January, Procida provid- ed a $13,000,000 first mort- gage bridge loan to Kirkbride Medical Center, a 330,000 s/f medical facility in West Phil- adelphia. Loan proceeds are being utilized to reorganize existing creditors and pro- vide capital improvements for continued expansion and tenant improvements. Procida also provided a $13,500,000 first mortgage bridge loan for a development site in Southern Philadel- phia. “This whole deal trans- pired in 5 days from start to close. Borrowers understand

Safety and Security Spotlight


Kirkbride Medical Center, West Philadelphia, PA

Industrial/Distribution CentersSpotlight FeaturingNAIGlobal

that we provide certainty of execution, experience and discretion and we’ve been able to develop significant relationships as a result,” said Billy Procida , CEO & founder of Procida Funding.

highlights our activity in the market as a provider of flex- ible financing for complex and time sensitive real estate transactions,” said Kyle Funsch , principal of Procida Funding.” n

The most recent transac- tion in the Philadelphia area was a $4,250,000 bridge loan for a mixed use property located in Clifton Heights, PA. “The series of recent transactions in Philadelphia

GFCIB closes $11 million discounted note purchase financing loan for 120,000 s/f

Advisors, LLC to provide exclusive financial advisory and loan placement services to them. The collateral was a class A office building of 80,000 s/f, the first part of the loan closed about 10 days ago was secured by a 40,000 s/f class A office building. located in the suburbs of Philadelphia, which was in foreclosure by a major national default servicer with a sheriff sale date was set. To make matters more complicated this was a deal owned by Tenants in Common, the TIC aspect just added another layer to deal with. Negotiating a discounted

mercial real estate own- ers, devel- opers, build- ers and mid sized busi- nesses, an- n o u n c e d that it has

PHILADELPHIA, PA — GFCIB and Advisors, LLC , a nationally recog- nized advisory firm for com-

payoff and brining in new financing was a great re- sult for all parties, said H. Jack Miller who personally handled this transaction. We spend a lot of time get- ting to know our clients, the projects and motivations everyone has, then we work with all stakeholders to get the best possible out come, sometimes this included obtaining a discounted note purchase financing, loan and mortgage modifications and financial restructur- ing with our without new equity. Protecting, advocating and satisfying the needs and desires of our client’s one transaction at a time. n

Section C


Shopping Centers............................... 7-15A Owners, Developers & Managers..Section B Green Buildings............................. 13-17B

Jack Miller

once again successfully closed on a discounted note purchase financing loan this is the second phase of a mush larger transaction for a Private Real Estate partnership located in the suburbs of Philadelphia. The total transact ion closed at $11 million- with a total of 120,000 s/f of class A office space. The owner- ship engaged GFCIB and

Upcoming Spotlight June 13, 2014 CREATIVE FINANCING


Inside Cover A — May 30 - June 14, 2014 — M id A tlantic

Real Estate Journal


Register Today! 4 hours of Real Estate Continuing Education Credits have been applied for in the State of New Jersey for New Jersey Real Estate Professionals


Wednesday, June 25th, 2014 Brooklake Country Club, Florham Park, NJ Registration: 7:15 AM Program: 7:55 am - 12:00 PM To register, please visit www.rejournals.com/newjersey


GUEST SPEAKERS: G ary Gabriel - Cushman & Wakefield Edwin Cohen - Prism Capital Partners Israel Schubert - Meridian Capital Group Brian Whitmer - Cushman & Wakefield Jose R. Cruz - HFF Robert Holland — The Kislak Company

7:30 AM — Hot Breakfast Buffet 8:00 AM — Retail Update: Opportunities and Trends • What type of Leasing Activity is occurring and what major Retailers are committing to leases • Mixed-use projects: Is it still the future or a thing of the past • How are retailers doing in today’s economy: who is still expanding in New Jersey and why • What’s in store for development in 2014/2015 and Beyond • Future Trends and Leasing predictions and what’s on tap for future Development 8:45 AM — Opportunities in the Industrial Real Estate Market & Outlook for 2014/2015 • Industrial Market Update • How are we going to do industrial development in the future • What types of industrial projects are in the pipeline • How much space will we need to add in the next 5 years: how much land will it take • Urban vs. rural: where is the industrial development going and why will be getting done in the short & long term. • Future Forecast & Trends for Industrial Real Estate in New Jersey 9:30 AM — 1031 & Investment Strategies for Investors • Evaluating the Commercial Real Estate Investment • Capital Market Strategies for 1031 Investors • Solutions for 1031 Investors: Delaware Statutory Trusts, Oil & Gas Royalties • Understanding Delaware Statutory Trusts • Utilizing Oil & Gas Royalties to build Cash Flow in your portfolio

10:15 AM — Break 10:25 AM — Evaluation of the Office Market & What Tenants require today • Vacancy Rates: New Jersey office market update • Leasing trends: what projects are leasing up and why •What are the factors driving demand • How has the needs of tenants affected what brokers need to know • What are the requirements of the tenants and what do terms look like today • Predictions on where the office market will be in the next two years 11:10 AM — Apartment Market/Multifamily Overview: • What is driving the Apartment and Multifamily Market and where is it driving it. • With vacancies at record lows how does New Jersey stack up compared to the rest of the U.S. • What are the outside influences that are creating momentum in the Apartment Market • How are apartment brokers getting deals done today • The changing fundamentals of Apartments and Multi Family • New Development vs. Existing: Where are the opportunities and why 12:00 PM — Adjourn & Networking

To register, please visit www.rejournals.com/newjersey For sponsorship questions, call Linda Christman at 800-584-1062 or email Lchristman@marejournal.com

Real Estate Journal — May 30 - June 12, 2014 — 1A


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Meet some of our speakers

Edwin Cohen , Principal Partner — Prism Capital Partners BIO: Edwin Cohen joined Prism in 2003 as a principal partner after a 40-year career as one of the most promi- nent members of the real estate brokerage community. Cohen has completed hundreds of real estate transac- tions during his career in the Metropolitan New York/New Jersey/Connecticut area and has been responsible for leasing several million s/f of office space. Jose Cruz , Senior Managing Director — HFF New Jersey BIO: Cruz is a senior managing director in the New Jersey office of HFF with over 21 years of experience in commercial real estate. He specializes in investment sales in New Jersey, New York State and Connecticut. Over the course of his career, Cruz has been involved in over $18.4 billion of office, industrial, retail, multi- housing and land sales. Cruz joined the firm in March 2010. Prior to HFF, he was the executive director of Cushman & Wakefield’s New York Area Investment Sales Group where he spent more than 17 years. Israel Schubert , Managing Director, head of New Jersey office — Meridian Capital Group BIO: Schubert joined Meridian in 1996 and has been a Managing Director since 1998. Schubert manages Me- ridian’s Iselin, NJ office and previously managed the company’s office in Englewood Cliffs. Under Schubert’s direction, Meridian’s New Jersey office focuses primarily on serving borrowers in the New Jersey, Pennsylva- nia, Delaware and Maryland markets BrianWhitmer, CCIM , Senior Director, Capital Markets Group— Cushman&WakefieldNJ BIO: Brian Whitmer serves as senior director of the Metropolitan Area Capital Markets Group in C&W’s East Rutherford, New Jersey office. Part of a 13-member team, Whitmer is responsible for managing, underwrit- ing, and marketing investment properties for sale and arranging joint ventures in the suburban markets sur- rounding New York City. While he handles all asset types, his focus is on multifamily transactions. His clients include pension fund advisors, REITs, and a range of domestic and foreign private investors. H. Gabriel , Executive Vice President, Capital Markets — Cushman & Wakefield NJ BIO: H. Gary Gabriel serves as executive vice president of the Metropolitan Area Capital Markets Group in C&W’s East Rutherford, New Jersey office. As one of three partners on a 13-member team, Gabriel is respon- sible for managing, underwriting and marketing investment properties for sale in the suburban markets sur- rounding New York City. His clients include pension fund advisors, REITs and a range of domestic and foreign private investors. Robert Holland , President — The Kislak Company BIO: Robert Holland joined Kislak in 1984 and became president in 2012. He was previously a senior vice president and a co-managing director. Throughout his career, Holland has consistently been among the lead- ing brokers of apartment buildings in central and eastern Pennsylvania and is one of Kislak’s all-time leading salespeople. He received Kislak’s Production Award more than ten times and is a multiple recipient of the firm’s Salesperson of the Year Award. Holland’s sales total more than $3,000,000,000. Thank you to our Sponsors

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M id A tlantic Real Estate Journal

All-Rite Construction ������������������������������������������������8A Alston Construction ��������������������������������������������������7C American Architectural ��������������������������������������������1B American Fire Protection 9B Belfor Restoration �����������������������������������������������������6B Bennett Williams�����������������������������������������������������10A BH Security ���������������������������������������������������������������8B BL Companies �����������������������������������������������������������9A Capital Aerials���������������������������������������������������������12B CBRE GriffinLand����������������������������������������������� IFC-C Constructure Management 8C DDG ���������������������������������������������������������������������������9A Dustin Snyder������������������������������������������������������������5A Earth Engineering������������������������������������������� 8A & 4B Eastern Union Funding ��������������������������������������������3A Elias B. Cohen �����������������������������������������������������������7B Elliott Lewis �����������������������������������������������������������13B Enersave ������������������������������������������������������������������14B EPGP��������������������������������������������������������������������������5B Fowler ����������������������������������������������������������������������10B Gilbeaux Associates�������������������������������������������������12B Hartz Mountain�������������������������������������������������������21C Hawley Realty ���������������������������������������������������������20C Heller Industrial��������������������������������������������������������3C Hillcrest Paving���������������������������������������������������������4A Hinerfeld ��������������������������������������������������������������IBC-C Hollenbach Construction 3B Hutchinson Mechanical ������������������������������������������13B IBS������������������������������������������������������������������������������4B Investors RE ������������������������������������������������������������19C IREM��������������������������������������������������������������������IBC-B Jottan �������������������������������������������������������������������� BC-A Kinsley Construction�������������������������������������������������4C Landmark Commercial ������������������������������� 10A & 20C LEW Corp. ���������������������������������������������������������������14B Marcus & Millichap���������������������������������������������� BC-C Max Spann�����������������������������������������������������������������6C Michael Baxter ��������������������������������������������������������10C NAI Dileo-Bram�������������������������������������������������������13C NAI Emory Hill �������������������������������������������������������15C NAI Hanson �������������������������������������������������������������18C NAI KLNB ���������������������������������������������������������������17C NAI Mertz ����������������������������������������������������������������12C NAI Summit ������������������������������������������������������������14C NGKF �������������������������������������������������������������������������9C NorthMarq Capital����������������������������������������������������3A P. Cooper Roofing ������������������������������������������������� BC-B Poskanzer Skott Architects.......................................3B PWC ���������������������������������������������������������������������������2B RD Management������������������������������������������������ 12-13A RT Environmental�����������������������������������������������������2C Singer Financial ��������������������������������������������������������4A Sitar Auctions ������������������������������������������������������������5A Sorce Companies �������������������������������������������������������1C Specialty Building Systems...................................IC-B Subway���������������������������������������������������������������������11A The Frederick Group�����������������������������������������������20C Warner RE & Auction �����������������������������������������������5A Whitesell ��������������������������������������������������������������������5C MAREJ A dvertisers D irectory

Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Publisher/Senior Account Executive ................................. Elaine Fanning Section Publisher .................................................................... Steve Kelley Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant ....................................................................Julie King 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. 26 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

Jaime Weiss

E A neighborhood shopping center & professional office park:atimelessrealestatestory DISON, NJ — The real estate business, espe- cially when the market is heated up as it is now, is full of sexy “deal” stories – wheth- er they are abject disasters or incredible successes. But sometimes the best stories in real estate, espe- cially where the owners are concerned, are notable not for their extreme impacts, but for their consistent returns and natural position in the market. Colonial Village in Edison, NJ, a mixed-use neighborhood shopping center and profes- sional office park built in the late 1960s and continuously owned by a group led byMoon- achie, NJ-based Weiss Realty since 1982, is the very defini- tion not of the great real estate deal, but of the great real es- tate success. The six-acre site features ample parking for five core structures, comprised of 20,000 s/f of ground-level retail and 50,000 s/f of service- oriented office space. Nearly always 100% leased, the Weiss group prides itself on resisting opportunities to radically change the well-lo- cated center’s concept. Nearby the Garden State Parkway on State Highway 27, minutes to the Metro Park Train Station and close proximity to a major office park, regional Westfield Mall, and JFK Hospital and other nearby medical offices, Colonial Village is the rare high-performing site that has resisted being “upgraded.” “Colonial Village thrives be- cause it knows what it is: the town center for a town with no town center,” said Jaime Weiss , founder of Weiss Re- alty . “Because it is at a great intersection of a town domi- nated by large arteries rather than a classic New Jersey downtown village, we’ve been approached numerous times with strategies to evolve Co- lonial Village. “However, when you look at utilization and returns and leasing performance, it is per- fect as it is. The trend would be to replace 25 local busi- nesses with one big box store, but then you’ve killed the real estate for 20 years in exchange

The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

populated by local business people with their own follow- ings who do not want or need to be in the mall. Our tenants thrive in a community-based setting where there is circu- lation in the center as well as the opportunity for their customers to accomplish mul- tiple tasks in one trip. The drycleaner, shoe repair, nail salon, Starbucks Coffee, res- taurants and other core users are mixed among the dentists, accountants, doctors, dress shop and lingerie boutique. The cross-awareness leads to cross-patronage and you find many customers intending to make several visits while other customers do so on im- pulse.” Set in the culturally-diverse and prosperous Edison area, Colonial Village has undergone minor facelifts over the years, updating its landscaping and facades to be more contem- porary and its signage to add recognition. But the biggest investment Jaime and his son Matt Weiss make is in rela- tionships with tenants. “No matter what the mar- ket is, our lease renewals never have dramatic increases, which is why our tenants can last so long here,” says Matthew Weiss. “We would rather them be successful and not have turnover than try to get the last dollar. When we do have an available spot, whether retail or office, we are looking for the right con- cept and the right operator to compliment what we already have. That is our formula – to strive for stability through the performance of the whole com- munity here.” And that is what has made Colonial Village a success for more than 40 years. n

Jaime Weiss (right) and Matt Weiss

for a predictable check. It is much more rewarding, fi- nancially and professionally, to experience what we have – which includes some turn- over but also some wonderful long-term tenancies that have become local institutions.” Weiss points to the recent renewals of two of Colonial Village’s hallmark restau- rants as examples of what makes the Center so unusual – and so appealing in its cur- rent form. “LouCas is one of the finest Italian restaurants in New Jersey, which is saying a lot,” said Weiss. Its counter- part, Meemah, is a wonderful Asian restaurant. Both have been operated by their owners since opening here – LouCas more than 20 years ago. They are local institutions and they will be here for 10 years under their current leases. “Some property owners are only looking for “credit” ten- ants that you can find in any mall. While those tenants may have strong balance sheets behind them, they don’t do much for the character of a place nor are they immune to failure. Colonial Village is

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Real Estate Journal — May 30 - June 12, 2014 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal A 105,074 s/f class A office building CBREGroup, Inc. announces$18.1m sale of 1467 Route 31 in Annandale

Our Capital Connections Deliver the Right Results


A NNANDALE, NJ — CBRE Group Inc. announced that J ef- frey Dunne , Kevin Welsh , Brian Schulz and Frank Maresca of CBRE’s New York Institutional Group represented CBRE Global Investors in the $18.1-mil- lion sale of 1467 Route 31, in Annandale. The team was also responsible for procur- ing the buyer, American Realty Capital Proper- ties, Inc. (“ARCP”) . A 105,074 s/f class A of- fice building, 1467 Route 31 is was developed in 1999 as a build-to-suit for In- gersoll Rand (S&P BBB). Constructed to the highest institutional standards and using best in class materi- als and finishes, the build- ing was designed to meet Ingersoll Rand’s unique needs including highly spe- cialized lab facilities, heavy infrastructure and testing facilities. The property is 100% net- leased as the global head- Binswanger nego- tiates long-term, 20,479 s/f lease BALA CYNWYD, PA — Binswanger announced the execution of a 20,479 s/f lease at 401 City Ave. in Bala Cynwyd, with LF Driscoll Co, LLC. 401 City Ave., the class A trophy office building has secured a long-term lease with LF Driscoll who has been headquartered in Bala Cynwyd for over 20 years. Binswanger represented LF Driscoll as a tenant repre- sentative, as well as the leas- ing agent. Nick Sannelli , vice president, Binswanger, along with Josh Haber , represented the tenant. Scott Gabrielsen , presi- dent, Binswanger Commer- cial Metro, who represented the owner. The 400,000 s/f building is now close to 95% leased. n 401 City Ave., Bala Cynwyd, PA

1467 Route 31, Annandale, NJ

quarters for Ingersoll Rand Tools, which recently com- mitted to an additional 10- year lease term. Ingersoll Rand chose this location due to its immediate access from I-78 and its employee base in Central New Jersey and

Eastern Pennsylvania. Kevin Welsh said, “The property provides ARCP with a long-term net lease secured by the investment grade ten- ancy of Ingersoll Rand within a corporate headquarters- quality building.” n

34 Offices Coast-to-Coast

New Jersey | Philadelphia | Baltimore | Richmond | Washington DC

Eastern Union Arranged Financing For

Mount Olive Center Mount Olive, NC


• 5 year term • 5.25%

• Mid Atlantic Credit Union • No Prepayment Penalty • 75% LTV

Negotiated by MarcTropp 347-678-8491 Senior Managing Director

4A — May 30 - June 12, 2014 — M id A tlantic

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M id A tlantic R eal E state J ournal 33,484 s/f industrial flex facility Bussel Realty Corp. brokers $2.6m sale of 25 Dwight Place in Fairfield

F AIRFIELD, NJ — Bussel Realty Corp. (BRC) , an industrial real estate services firm in New Jersey, today announced it has brokered the sale of 25 Dwight Place in Fairfield, a 33,484 s/f industrial flex facility. The property was purchased by Smart-MNLS, LLC for $2.6 million from En- ted Associates. Vice president James Hodgkins of BRC was responsible for the transaction and represented the buyer. “Smart-MNLS needed the property for its vase supply business,” commented Hodg- kins. “25 Dwight Place’s loca- tion will provide the company

Commercial & Industrial Milling • Paving • Sitework Construction


Tel: (908) 687-4400 Fax: (908) 687-4401

675 Rahway Avenue Union, New Jersey 07083

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25 Dwight Place, Fairfield, NJ

with excellent highway access to Manhattan, Brooklyn, Port Newark/Elizabeth and inland routing destinations.” Sitting on 2.2 acres of land,

SitarRealtyannounces NewJerseyreal estate transactions NEW JERSEY — Sitar Realty Company , Iselin, New Jersey announced the following real estate transactions: A ten year lease of 2,300 s/f of retail space at 920-950 Hamil- ton St., Franklin Twp. (Somer- set) by Style N Hair LLC from Franklin Court Management, LLC. Douglas Sitar and Rob- ert Bogash represented both the landlord and the tenant. A six year lease of 6,790 s/f of office space at 331 Newman Springs Rd., Red Bank by Oldcastle APG Northeast, Inc. from Mack-Cali Associates . Brian Schrader represented the tenant. A five year lease of 1,710 s/f of retail space at 1379 St. Georges Ave., Colonia by BCB Community Bank from 1379 St. Georges Ave., LLC. Nadia Hannout and Bill Sitar Jr. represented the landlord. A three year lease of 4,500 s/f of office space at 2363 Lakewood Rd., Toms River by Synergy Health Center from Centurian Family Trust. Doug Sitar, Bill Sitar Jr. and Robert Bogash represented the landlord. A five year lease of 7,743 s/f of industrial space at 299 In- dustrial Park Rd., Middletown, Connecticut by Roof Diagnos- tics Solar and Electric from Twenty Lexington, LLC. Ron Schrader Jr. represented the tenant. A ten year lease of 4,550 s/f retail space at Plainsboro Plaza, Plainsboro, by Indus American Bank fromAOPlainsboro, LLC. Robert Giordano represented the tenant. n 25 Dwight Place is just min- utes to Routes 46 and 23, and I-80. The 33,484 s/f industrial flex property features 4,000 s/f of offices, 20’ ceiling height, one loading dock and drive-in, 1600 amps of power, and 90- car parking. n

Commercial & Industrial Milling • Paving • Sitework Construction


Tel: (908) 687-4400 Fax: (908) 687-4401

675 Rahway Avenue Union, New Jersey 07083

www.hillcrestpaving.com estimating@hillcrestpaving.com

Real Estate Journal — May 30 - June 12, 2014 — 5A


M id A tlantic

M id A tlantic R eal E state J ournal A uctions

26+ & 77+ Acres Interstate 80 & Rt 487 Interchange (Exit 236) COMMERCIAL LAND AUCTION Scott Township • Columbia County

Friday, June 27 at 1 PM Auction Location: Holiday Inn Select, 1 Pureland Dr, Swedesboro, NJ 11 Properties 2 Properties Sell Absolute, No Minimums, No Reserves! Estate Sales • Bank Foreclosures • Land Tracts & Lots South Jersey Multi-Property AUCTION


A few of the many properties offered in this auction

• Excellent Commercial Site • Endless Opportunities • Water/Sewer Access Available • I-80 Exposure • Easy Access to I-80 • Next to Hampton Inn Hotel • 2% Realtor Participation Invited

Property #3 22± Acres Pittsgrove Twp

Property #4 7± Acres East Greenwich

Property #5 3 BR / 3 BA Home Quinton Twp

Property #6 4 BR / 2.5 BA Home Gloucester Twp

PREVIEW: Sunday, June 8, 12–1 PM (Properties 1, 5, 6 & 11)

Bid Live, Online or by Phone!

856-769-4111 www.WarnerRealtors.com


Mid Atlantic Real Estate Journal, 1/4 pg, May 30 Issue

• Excellent Visibility from I-80 • Ideal Distribution Site • Near Downtown Bloomsburg & Bloomsburg University • Zoned: Light Industrial

Auction Held on Site... 400 Paper Mill Rd, Bloomsburg, PA 17815 Saturday, June 14 th @ 12:00 pm Directions: From Rt 487 and I-80 Interchange (Exit 236), travel south on Rt 487 approximately 2,000 ft. to Paper Mill Rd. Land is on left along Paper Mill Rd. Please watch for auction signs. • Water/Sewer Access Available • Flat to Gently Sloping Site • High Traffic Counts/Rt 487/Interstate 80 • 2% Realtor Participation Invited

I would like to thank the family for hiring my services.

AY 2123 dustinsnyderauctioneer@gmail.com 570.441.9357 www.dustinsnyderauctioneer.com

See internet or call for terms and conditions or bidder’s packet.

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P eople & C ompany N ews

Site repositioned as multi-tenant, with two HQ leases C&W, Normandy host broker event at 1255 Broad in Clifton

Firmaddsmappingservices,welcomesnewhire Steven Rainey joins CW solutions as GIS Manager

experience Steven brings to our firm coupled with the new GIS capability demonstrates our ongoing commitment to our clients,” said Stacie Curtis , president and founder. “GIS will allow us to offer computer- ized mapping services to assist clients in the planning of proj- ects by analyzing and assessing physical data more efficiently.” Prior to joining CW Solu- tions, Rainey worked with the City of Newark, Office of Management and Budget as GIS administrator, creating custom web map applications and managing property owner- ship data. He was also a project leader with direct involve- ment in GIS Development Life Cycles. “CW Solutions has a stellar reputation and I look forward to working with the team as they continue to grow and expand their services,” said Rainey. n the commercial real estate business he earned the pres- tigious Certified Commer- cial Investment Member (CCIM) designation. Rick said, “I am very excited to expand my services and take on this additional role. I look forward to promoting the benefits of hiring a property management company to prop- erty owners on the Delmarva Peninsula and beyond.” Managing director Amy Miller said, “As our property management division has ex- panded we’ve realized a need for a Business Development Professional. With Rick’s ex- tensive sales experience and background in leasing and property management, we are confident that he will help our company expand into new markets and product special- ties.” n gressive commercial and multi- family growth plans into 2014. Wagner now shares the title with the recently promoted Dar- ren Anzelone , who handles the activity for BPG’s hotel develop- ment team. Christopher Buccini , co- president of BPG said, “This promotionacknowledges the com- mitment and expertise that Karl has clearly exhibited and also the anticipation for the continued strategic growth of BPG’s port- folio over the next few years.” n

MILLSTONE TWP., NJ — Steven Rainey of Hobo- ken, NJ, has joined CW So- lutions as a Geographic Information S y s t e m s (GIS) man- a g e r . H e brings eight years of ex- p e r i e n c e , p r o v i d i n g geospatial support in various disciplines to his new role. Rainey will be responsible for providing a full range of GIS and mapping services including reports and maps identifying sites for specific in- dustries. He will be supporting infrastructure development projects involving right-of-way and easement acquisition for the region’s utility and wire- less companies. “This is an exciting time for CW Solutions; the invaluable Steven Rainey

LIFTON, NJ — A well-attended broker reception this spring highlighted the transforma- tion of 1255 Broad St. in Clif- ton to a multi-tenant cam- pus. The 194,000 s/f former Roche facility is now home to the U.S. headquarters oper- ation of Comodo Group, Inc. and regional headquarters for URS Corporation; Cush- man & Wakefield , which co-hosted the event with property owner Normandy Real Estate Partners , is marketing the balance of the property for lease. According to Cushman & Wakefield’s David DeMat- teis and Marc Trevisan , who are based at the com- mercial real estate services firm’s East Rutherford, NJ office, 50 industry profes- sionals came out to tour the property. DeMatteis noted that the one-year anniver- sary of Roche vacating the building provided a perfect opportunity for the broker- age community to see 1255 Broad St. up and running as a multi-tenant environment for the first time. “The building is construct- ed with 20,000 s/f floor plates in pods that have their own lobbies and building sys- tems,” DeMatteis said. “This C

David DeMatteis and Marc Trevisan

distinguishes the property from a flexibility standpoint. For example, a tenant with a 40,000 s/f requirement can have a private headquarters identity either horizontally or vertically, each with all the benefits of a campus environment. A tenant need- ing 20,000 s/f can have a full floor with great window lines that support today’s popular open office layout. Each floor also is easily divisible. This means we can accommodate tenants requiring less office space and still provide them with great visibility; a ten- ant needing 5,000 s/f could

have a double glass entry door off one of the main lob- bies.” Tenants at 1255 Broad St. all benefit from the class A property’s location at the intersection of the Garden State Parkway and Route 3; strong ownership; and on- site amenities including an executive garage, cafeteria, conference center, fitness facility with locker rooms and showers, and climate- controlled storage space. DeMatteis noted that one prominent building signage opportunity remains avail- able for a large user. n sonal styles and business skills. While both partners have ex- tensive technical experience, Marian as a soil scientist and Mark as a geologist, they fo- cus on different aspects of the business. Young commented, “We are extremely honored to be select- ed. The Award really goes to ALL of BrightFields’ team for their faith in the company, for the incredibly hard work they personally put in to pull Bright- Fields out of the recession, and for their commitment to grow and expand our service lines and our geographic footprint.” Lannan and Young devote significant time and resources to supporting community proj- ects and organizations. Over the past 5 years, they and BrightFields have given $35K and hundreds of hours of in- kind service to non-profits, including the Kalmar Nyckel Foundation, and Habitat for Humanity. n

Sperry Van Ness-Miller senior advisor Rick Tilghman receives promotion

SALISBURY, MD — Rick Tilghman, CCIM , senior ad- visor with Sperry Van Ness –

Miller Com- m e r c i a l Real Estate in Salisbury, MD i s ex - panding his focus from b r o k e r a g e and leasing to property

SBA honors BrightField’s Young and Lannan as DE Small Buisiness Persons of the Year

Rick Tilghman

management. He has accepted the position of director of business development and property manager, and will continue to serve general bro- kerage clients. Rick has been with SVN- Miller since 2007 and as a se- nior advisor has specialized in the sale and leasing of retail, medical and office properties in Maryland and Delaware. Within his first two years in

Country Club in Wilmington. This is the second time the BrightFields’ owners have

WILMINGTON, DE — Marian Young and Mark Lannan , co-owners of Bright-

received this awa r d , a s Young and Lannan were pr ev i ous l y honored as the Delaware 2008 Small B u s i n e s s Persons of the

Fields, Inc., have been se- lected by the U.S. Small B u s i n e s s Administra- tion (SBA) as the 2014 D e l a w a r e Small Busi-

The Buccini/Pollin Grp. promotes Wagner WILMINGTON, DE — Of- ficials of The Buccini/Pollin Group (BPG) , a privately-held,

Marian Young

Mark Lannan

Year. Young and Lannan were nominated for the 2014 award by Juanita Beauford, program director at the University of Delaware SBTDC Procure- ment Technical Assistance Center, who has served as an advisor to BrightFields in the areas of state and federal marketing and procurement. Beuford said, “I see a terrific collaboration between Mark and Marian. They attribute a large part of their own success to their ‘complementary’ per-

ness Persons of the Year. For over 50 years, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions in their local communities and to our nation’s economy. Young and Lannan were honored in Washington, DC, on May 15-16, during the 2014 National Small Business Week Awards, and they were recognized at SBA’s annual Delaware “Celebrate Success” event on May 21 at DuPont

ful l - serv i ce rea l es tat e acquisition, development and manage- ment compa- ny, have an- nounced the promotion of Karl Wagner

Karl Wagner

to co-chief investment officer as the company continues its ag-

S hopping C enters

Real Estate Journal — Shopping Centers — May 30 - June 12, 2014 — 7A


M id A tlantic

21,000 s/f unanchored retail center located at Route 113, Exton, PA SweeneyofNorthMarqCapital completes$7.475m construction loan for Lionville Shopping Center E

xton, PA — Joseph Sweeney , managing director/senior vice president of NorthMarq Capital’s Philadelphia based regional office arranged fi- nancing for a $7.475 million construction loan for Lionville Shopping Center, a 21,000 s/f unanchored retail center lo- cated at Route 113, Exton, Pa. The term of the transaction is two years interest only and was arranged by NorthMarq for the borrower through its relationship with a regional bank. n

May 30 - June 12, 2014

Lionville Shopping Center

HI-LIGHTS Retail Architecture, Construction & Engineering

Colliers’ Baltimore office handles transactions totaling $2.250 million Chesler of the New Jersey office of Colliers Int’l. arranges sale of $3.95 million NY plaza

Federal and Hamilton Bank along with Tyler Boykin and Colliers CEO and principal Tim Hearn . Hamilton Bank sold the former Florence Crittenton property, a two-building facil- ity located in the Hampden neighborhood of Baltimore, for $850,000. The property, located at 3110 Crittenton Place, is scheduled for a $6 million re-development into a 19-townhome/12-unit historic renovation led by John Brooks, a local developer. n

Middletown, NY — Colliers International has arranged the $3.95 million sale of The Plaza at Crystal Run, a 95,000 s/f shopping center at 400 North Galleria Dr. in Middletown, NY, to NorthEnd Equities. The property is comprised of a two-story, 86,000 s/f building tenanted by PETCO and Off Track Betting; a 9,000 s/f, free- standing unit tenanted by Pier 1 Imports; and shadow anchor Olive Garden. Jacklene Chesler , a man- aging director at Colliers In- ternational’s Parsippany, NJ office represented the seller in the transaction. BALTIMORE, MD — Col- liers International in Balti- more represented Rosedale Federal Savings and Loan As- sociation and Hamilton Bank in two property sale transac- tions in the Baltimore area. Rosedale Federal purchased a 2-acre parcel of land at the in- tersection of Philadelphia and Golden Ring Rds. in Rosedale, which sold for $1.4 million. Dave Dannenfelser , man- aging director and principal of Colliers represented Rosedale



Onyx Equities inks Eight leases, totaling 20,000 s/f

Intersection of Philadelphia and Golden Ring Rds.


LETS MAKE A DEAL! www.jweissrealty.com

LMS Commercial RE arranges 5,814 s/f in lease transactions

Jaime M. Weiss (201) 615-0474 jweiss@jweissrealty.com Matthew B. Weiss (201) 814-1841 mweiss@jweissrealty.com


ALSO Business Card Directory ........ 14A Retail Brokerage Directory ..... 15A www.marejournal.com

FOR SALE OR LEASE 160 Route 46 East Lodi, NJ

S hopping C enters S potlight R etail A rchitecture /C onstruction & E ngineering

Real Estate Journal — Shopping Centers — May 30 - June 14, 2014 — 8A


M id A tlantic

Working with J.W. Pedersen & HJ Cannon on the 14,400 s/f project Hollister Construction Services breaks ground on Kearny Retail Center


ter’s reputation in this sector of the industry, along with their qualified staff, provides us with the utmost of confidence with their abilities to deliver a quality project. We look for- ward to completing this project with them and hope this builds the sound relationship we look for with our contractors. “ Hollister is working with the architectural firm of J.W. Pedersen and the structural engineers from HJ Cannon on the 14,400 s/f project which utilizes materials prefabri- cated offsite and trucked in for assembly in order to tighten the construction schedule. The pile supported building features EIFS panels complete with exterior finishes allowing Hollister to deliver a thermal

envelope in just three days. “This project requires pre- cise logistical planning as the majority of the large materi- als will be arriving one after another during a short window of time,” said project manager, Anthony Mantini . Hollister serves as construc- tion manager, design builder, and general contractor, for a broad spectrum of clients in New Jersey and New York and is widely recognized for the firm’s expertise in construc- tion projects for retail use. Recent Hollister projects include the renovation and addition to the 68,000 s/f Tottenville Square Shopping Center in Staten Island, NY, the renovation and ground up pad site construction of Celebrating over 20 years of Engineering Excelle ce

Raritan Shopping Center lo- cated in Sayreville, NJ, and the interior construction of a Joe’s Crab Shack restau- rant, located inside the new Courtyard Newark Downtown located in Newark, NJ. All of these projects required exten- sive logistical planning as the work is being completed while the centers remain open and full of customers. Hollister Construction Ser- vices is a full-service commer- cial real estate construction manager specializing in corpo- rate, educational, healthcare, industrial, retail, and residen- tial construction, with offices in Parsippany, NJ and New York, NY. Hollister works through its own independent philanthrop-

ic organization, The Hollister Foundation, to further its com- munity outreach activities. Founded in 1939, Vineland Construction Co. has devel- oped, owns and manages a 2.5 million s/f portfolio of commer- cial and industrial real estate properties located primarily in Southern NJ. In addition to the Kearny Shopping Cen- ter, recent projects include a LEED-certified, 55,000 s/f three-story office building in Atlantic City, NJ and a 270,000 s/f warehouse/distri- bution facility in Vineland, NJ. Vineland Construction is also the named redeveloper of a 135-acre tract in Lawnside, NJ, a 35-acre tract in Cherry Hill, NJ and a 80-acre tract in Pennsauken, NJ. n

earny, NJ — H ol- lister Construction Services (Hollister) ,

a leading full-service con- struction manager specializ- ing in corporate, educational, healthcare, industrial, retail and residential construction, recently started the ground up construction of a new shopping center in Kearny, NJ for the owner, Vineland Construc- tion Co. of Vineland, NJ. The Kearny Retail Center is com- posed of six demised tenancies, five of which were allocated to signatures prior to construc- tion. Although this is Vineland Construction Co.’s first ven- ture with Hollister, Vineland Construction’s project manag- er, Tim France said, “Hollis-

G eotechnical E ngineers

A rchitecture /E ngineering /E nvironmental

Celebrating over 20 years of Engineering Excellence!



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

New York New Jersey Connecticut Massachusetts Pennsylvania Ohio Maryland Texas


An Employee-Owned Company

www.marejournal.com Real Estate Journal — Shopping Centers — May 30 - June 12, 2014 — 9A R etail A rchitecture /C onstruction & E ngineering M id A tlantic

Based on career achievements, service Perkins+Will’s Penndorf receives 40 Under 40 honor

A great leader and team player Foulger-Pratt Contracting names Kevin MacClary VP

academic, civic, commercial, corporate, government and mixed-use projects for a range of clients. Currently, he is working on a number of commercial office building repositioning efforts, as well as corporate interiors and broader workplace as- signments, for multiple proj- ects throughout the Wash- ington metropolitan area. Among these are: Vornado/ Charles E. Smith’s Court- house Plaza in Arlington and Fairfax Square in Vienna, as well as Brandywine Realty Trust’s 7101 Wisconsin Ave. in Bethesda. He is also managing the LEED certification efforts on a variety of projects, including the JohnEdwardPorterNeuro- science Research Center at the National Institutes of Health in Bethesda and The George Washington University Law Learning Center. Penndorf co- chairs the Perkins+Will D.C. office’s Sustainable Design Initiative, working to bring high-performance design into the design vocabulary of the entire staff. n

Washington, DC — TheWashington, D.C. office of global architecture and design f i rm Pe r - kins +Wil l announced that Build- ing Design + Construc- tion has se- lected Jon Penndorf, AIA, LEED AP BD+C , for its 40 Under 40 Class of 2014. For the ninth-annual honor, the magazine’s editors chose Penndorf and 39 others – ranging in age from 31 to 39 – based on their career achieve- ments, service to their profes- sions and their communities, as well as their participation in charitable work. Pennd o r f , 36 , j o i ne d Perkins+Will two-and-a-half years ago. He is a Senior Associate, Project Manager and Sustainability Leader in the firm’s Washington, D.C. office. Penndorf spends much of his time involved in the de- sign and management of Jon Penndorf


expertise and leadership,” said David Uffelman , president of Foulger-Pratt Contracting. MacClary has served as director of multi-family opera- tions for Foulger-Pratt Con- tracting since joining the com- pany in November of 1992. In that role, he was responsible for overseeing the construction and project management of all multi-family projects, and providing leadership and over- sight as the project transitions from the preconstruction stage through construction and final turnover. MacClary has more than 37

years of experience in the con- struction industry. Through- out his career, he has earned a reputation for being a great leader and team player, exhib- iting tremendous mentorship skills to his staff. He has been instrumental in the growth of Foulger-Pratt Contracting’s multi-family portfolio. Some recent examples of projects that MacClary directed in- clude: the Exchange at Whea- ton Station in Wheaton, MD; the Citron Apartments in Downtown Silver Spring: and Penrose Square mixed-use de- velopment in Arlington, VA. n adjacent to an existing shop- ping mall in Guatemala City; • Expansion and renovation of Oakland Mall, also based in Guatemala City; and • Renovation and master plan expansion of the existing Cascades Mall in Tegucigal- pa, Honduras, to also feature 24,000 square meters of office space and a 120-room hotel. n

OCKVILLE, MD — Foulger-Pratt an- nounced the promo-

tion of Kevin Ma cC l a r y to vice presi- dent of Foulg- er-Pratt Con- tracting. “Over the pas t seven years, I have had the plea-

Kevin MacClary

sure of working with Kevin. He has been an integral part of our executive management team and it is with great pleasure that we recognize his

BALTIMORE, MD — Bal- timore-based design, plan- ning, architecture, interiors, and graphics firm DDG an- nounced that it will provide design services for the renova- tion and expansion of three existing shopping centers in Guatemala and for a new shopping center in Honduras. The four projects, designed Baltimore, MD’s Ddg to design four new shopping malls for Spectrum, one of the pre- mier shopping mall devel- opers in Central America, include: • Naranjo Mall, a new, 54,000-square-meter mall in Guatemala City; • Miraflores, a multi-phase expansion comprising 45,000 square meters of retail space

G eneral C ontractor

A rchitecture /P lanning /L andscaping

It’s 9 p.m. and your store has a problem. Who do you call?

Retail facilities management doesn’t end with construction.

At All-Rite Construction, we’re not just industry-leading retail contractors — we’re here to keep your stores running optimally from day one to every day after. We know stores inside and out, and our facility maintenance programs are designed keep you protected in any environment, 24/7. All-Rite Construction has been performing service work for our company for the last 10 years. All it takes is one phone call, 24 hours a day, and we get a quick emergency response to our issue. From quality workmanship, professionalism and excellent response time, we have been very happy with the service provided by All-Rite Construction. - Michael Hunter, Regional Maintenance Supervisor - Autozone “ ”

FONTANAR Architecture, Planning, Graphics + Landscape Chia, Colombia

Fontanar isthe firstphaseofamixed-usedevelopmentwithaboutique hotel, office tower, health club, a hypermarket, state-of-the-art cineplex, and significant public parklands, as well as additional retail.

Team up with the retailer’s choice for construction & maintenance.


DDG is an internationally renowned architecture, planning, graphics and design company unique in its ability to deliver dynamic, extraordinary solutions to place-making in cities, towns and suburbs all over the world. With a strong history of providing superior expertise in many successful commercial endeavors, the firm’s track record is reinforced time and again with numerous awards received for designs that work in the real world.





410.962.0505 blog.ddg-usa.com ddgusa


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