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12A — February 8 - 21, 2013 — Mid Atlantic Real Estate Journal

www.marejournal.com M id A tlantic R eal E state J ournal P The latest acquisition in plan to expand RE portfolio HornRock acquires 8.3-acre site in Mountain Lakes, NJ ARAMUS,NJ — Horn- Rock Properties has recently purchased an

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8.379-acre site in the borough of Mountain Lakes where it will develop its next residen- tial community. The Legacy of Mountain Lakes, the property is the lat- est acquisition in the compa- ny’s plan to expand its portfo- lio by purchasing commercial, residential and mixed-use real estate developments within the next 12 months. Construction is already un- derway on the 47-home devel- opment.

M. MILLER & SON Public Adjusters Since 1960

The Legacy of Mountain Lakes

“We are, first and foremost, a real estate developer which gives us a unique advantage when it comes to acquiring, developing and managing resi- dential and commercial proj-

Philadelphia, PA — NAI Mertz is pleased to an- nounce the sale of 6000 Large Street in Philadelphia, PA to Iglesia Cristiana Avivamiento. NAI Mertz’ Jeffrey Licht mar- keted for sale this Church built in 1930 on behalf of The First Ukrainian Church. This charming 9,000 s/f house of worship on .69 +/- acre boasts two sanctuaries, two multi-pur- pose rooms, a fully equipped kitchen, several classrooms & offices and an over-sized conference room/library. The main building totals 7,000 s/f and features a 250-seat chapel. The 2,000 s/f addition includes a 150-seat chapel, 4 classrooms and a utilities/storage area. The property sold for $825,000. First Ukrainian has relocated to Northeast Philadelphia. n NAI Mertz sells 9,000 s/f for $825k Legacy of Mountain Lakes is indicative of the type of residential acquisition oppor- tunities HornRock Properties is identifying, which include condos, rentals, townhomes, single-family, multi-family and distressed assets in de- sirable urban and suburban Northeastern locations. These range from existing assets in need of repositioning or redevelopment to ground-up developments or partially- completed projects. n ects,” said David Hornblass, a principal of HornRock Prop- erties. “Legacy of Mountain Lakes is the perfect example. By combining our ability to draw on significant financial resources with our extensive experience in new home de- velopment, we were not only able to close on the property quickly, but also begin the approval and construction pro- cess shortly after the purchase was completed.”

1211 Liberty Ave., Hillside, NJ 07205 � Tel: 908-355-4800 adjuster@mmillerson.com � www.mmillerson.com

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