4A — March 13 - 26, 2020 — M id A tlantic Real Estate Journal
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M id A tlantic R eal E state J ournal
Schubert, senior vice president of CBRE organizes panel IOREBA announces annual Developer’s Night date and speaker line-up
T
he Industrial and Office Real Estate Brokers Association
for CRE professionals in to- day’s changing industry” said IOREBA president John Johnson . With roots dating back to 1927, IOREBA is one of the nation’s largest regional commercial real estate or- ganizations of its kind and the oldest industrial and office real estate brokers association in the United firm Presidential Exteriors. Situated on a 5.19 acre site near the intersection of Re- search Blvd. and Research Place, the building featured a desirable 4.00 per 1,000 parking ratio and prominent visibility along Research Blvd.. “The suburban office mar- ket is ripe with opportunities to acquire assets at a basis that allows for capital rein- vestment and innovative as- set management strategies. These efforts are resulting in a turn-around of under-
States. With a membership more than 300 professionals, members connect and con- duct business in New Jersey, New York, Pennsylvania and Connecticut. The organiza- tion has continually evolved and expanded its offerings, designing useful educational programs and opportunities to develop strategic friend- ships within the industry.
Newmark Knight Frank ; Jesse Harty , senior vice president for Prologis; An- drew Merin , vice chairman of Cushman & Wakefield ; Ed Russo , president of Rus- so Development ; Samuel Morreale , founder & man- aging partner of VisionReal Estate Partners LLC ; and Peter Bronsnick , executive vice president of SJP Prop- WASHINGTON, DC — Edge , a full-service com- mercial real estate firm with offices in Washington D.C., Virginia, Maryland and Penn- sylvania, has brokered the sale of 2301 Research Blvd., a three-story, 93,000 s/f com- mercial office building in the Rockville section of Montgom- ery County for $9.25 million. Edge’s Capital Markets team, led by Joe Friedman and Haley Goeller , along with the landlord advisory team of Ken Fellows and Rob Pugh represented the seller, a major
erties . The event will begin with cocktails and networking from5pm to 6:30pm, followed by a buffet dinner and panel presentation. “IOREBA’s De- veloper Night is the highlight of the year for the NJ com- mercial real estate industry and this year’s notable panel of speakers will offer cur- rent and valuable insights life insurance company in this transaction. The buying entity was Hypnos Solutions LLC, an investment group based in India with an office in Texas. Constructed in 1973 and renovated in 1998, the medi- cal and professional building was 67% leased and a lender- owned REO asset at the time of the transaction. The rent roll included a solid base of medical tenants including Children’s First Pediatrics and Capital Women’s Care and just recently added re- gional exterior remodeling
of the New York Metro- politan Area ( I OREBA ) announced it will hold it’s 28th Annual Developer’s Night event
Geoffrey Schubert
on Monday, March 30th, 2020 at the Marriott Glen- pointe Hotel in Teaneck, NJ from 5pm to 10pm. The event offers real estate pro- fessionals the opportunity to network with CRE industry professionals and hear a panel presentation from dis- tinguished commercial real estate experts as they discuss trends in the commercial real estate marketplace in New Jersey. The speaker panel, or- g a n i z e d b y Ge o f f r e y Schubert , senior vice pres- ident of CBRE includes moderator David Simson , vice chairman & COO of
performing office assets and an evolution of the suburban office product category. The buyer identified this opportu- nity and recognized the tre- mendous upside potential,” said Joe Friedman , partner of Capital Markets at Edge. “This section of Rockville is experiencing a consistently- improving amenity base and growing population density along with its proximity to major demand drivers such as Adventist Shade Grove Hospital and the bio-tech/life sciences corridor. Edge brokers sale of Rockville office building for $9.25 Million
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