3-13-20

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NYC firmgrows retail portfolio to 121 properties across the United States TEI announces purchase of Hamilton Commons inMays Landing, NJ for $60M

ISSUE HIGHLIGHTS Volume 32, Issue 5 March 13 - 26, 2020 FINANCIAL DIGEST FEATURING 1031 EXCHANGE

AYS LANDING, NJ — Time Equities Inc. (TEI) , a full-ser- vice New York City-based real estate firm, has announced its largest acquisition of the year with the $60 million pur- chase of Hamilton Commons, a 403,050 s/f power center located in Mays Landing. The firm, which remains bullish on retail, specifically open-air strip and power centers, has grown its portfolio to include 121 retail assets. The complex, located at 190 Hamilton Com- mons Dr., was purchased from national real estate invest- ment trust Retail Value, Inc. “We know retail, and over the course of the past five years, increased our portfolio by 35 retail assets. We con- tinue to expand nationally as we build up our retail platform in various secondary and ter- tiary markets,” said Ami Ziff , director, National Retail for TEI. “We continue to strategi- cally add to our retail holdings M

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Hamilton Commons

across the United States and plan to sustain this robust level of growth for the next several years.” While the exact terms of the transaction are undisclosed, Ziff, Jonathan Kim , Senior portfolio manager in the Na- tional Retail group and Grant Scott , senior associate in the National Retail group, repre-

sented TEI in-house; Chris Munley, Jim Galbally and James Graf at Jones Lang LaSalle (JLL) represented the seller. The shopping center, built in 2001, is in a high-traffic area of Atlantic County near the Atlantic City Express- way, the main thoroughfare connecting Philadelphia and

Atlantic City, and the Black Horse Pike, which carries more than 50,000 vehicles per day (VPD) on each artery. Hamil- ton Commons is currently 93% leased to 34 tenants including national brands, restaurants and retailers. The property is anchored by Regal Cinemas, Hobby Lobby, Marshalls, Ross Dress for Less and Big Lots.  Ashburn market featuring nine-foot finished ceilings, highly-efficient and virtually column-free floorplans, a fit- ness center with showers, walkable retail amenities, prominent visibility along Rte. 7 and an exceptional lakefront setting. Lakeview East & West are well located at the intersection of Rte. 7 and Loudoun County Pkwy. minutes from the Dull- es Toll Road and Dulles In- ternational Airport. Loudoun County has seen significant office demand growth in the last few years as Northern Virginia’s technology, cyber security and defense sectors have surged. This location also offers easy access to the Loudoun County Entertain- ment District. Newmark Knight Frank’s executive managing direc- tors Jud Ryan and James Cassidy represented MRP Realty. 

UPCOMING CONFERENCES RESCHEDULED May 13, 2020 5 th Annual PA Healthcare & Medical Conference June 18, 2020 6 th Annual NJ Industrial Development Conference For speaking and sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com

NKF completes sale of Lakeview East andWest inAshburn, VA for $46.5Million

ASHBURN, VA — New- mark Knight Frank (NKF) announces the sale of 20130 and 20135 Lakeview Center Plaza in Ashburn, VA on be- half of MRP Realty . Known as Lakeview East & West with a total of 204,129 s/f, the two class A buildings were purchased for $46.5 million by

Directory Financial Digest Featuring 1031 Exchange. .......5-17A CIRC....................................................................18A Business Card Directory & Billboard Directory.....19A Organization Events. ...........................................20A New Jersey................................................. Section B Central New Jersey...........................................5-12B Pennsylvania.............................................. Section C www.marej.com

Lakeview East & West

Innovatus. “The Northern Virginia suburbs continue to attract institutional capital look- ing to capitalize on the re- gion’s growing technology and defense sectors,” said Jud Ryan , executive managing director at NKF. “Lakeview

East & West are considered two of the nicest assets in Ashburn and the expanding walkable amenity base should ensure future demand in this dynamic submarket.” Built in 2009, LakeviewEast &West are two of the highest- quality office buildings in the

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