2-13-15

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

Trammell Crow Co./Clarion Partners property leased to U.K Primark CBRE represents both parties in 677,088 s/f distribution center lease B ETHLEHEM, PA — CBRE, Inc. (CBRE) has brokered the lease

ISSUE HIGHLIGHTS Volume 27 Issue 3 February 13 - 26, 2015

Property Management

former Bethlehem Steel Com- pany properties. The neighbor- hood now includes Wal-Mart, who recently leased 2.4 million s/f of space in two buildings, Crayola, who leased 800,000 s/f, and Zulily, who also leased 800,000 s/f. The property offers immedi- ate access to I-78 and is adja- cent to the Norfolk Southern Bethlehem Intermodal Ter- minal, making it ideally situ- ated for a distribution center. Primark took advantage of the LERTA tax abatement zone and signed a 10-year lease. They have also recently leased the former Sears store at the King of Prussia Mall, and will be opening several more retail locations along the east coast. n

WOODSTOWN, NJ — War- ner Real Estate & Auction Company , a real estate firm in New Jersey, has been selected by the U.S. Department of Agriculture (USDA) to sell 25 foreclosed single-family homes throughout New Jersey. War- ner, located in Woodstown, NJ will sell all properties through online auction, without re- serve, beginning at 9:00am (EDT) on February 19th, 2015 and ending at 12:30pm (EDT) on March 4th, 2015. #1 : 820 Thoreau Lane, Wil- liamstown, NJ 08094 #2 : 57 Old Salem Rd., Wood- of 2485 Commerce Center Blvd., a 677,088 s/f facility within Lehigh Valley Indus- trial Park VII. The property is a joint-venture between Trammell Crow Company and Clarion Partners . The space was leased by U.K. retail company Primark, and will serve as their primary east coast distribution facil- ity as the company makes its first venture into the United States. CBRE’s Joe McDer- mott represented the tenant, while Vincent Ranalli and Jake Terkanian of CBRE represented ownership. “This is a truly significant

11-18A

HFF closes the $10.95 million sale of 177,820 s/f

2485 Commerce Center Blvd.

transaction for the entire Le- high Valley community,” said

Ranalli. “This site is part of the overall redevelopment of the

Warner Real Estate to sell 25 USDA foreclosure homes throughout NJ at online only auction

FC-B

ACE Program EPA adds Healy & Harrington toBOD

2375 Bellevue Ave., Atco, NJ

820 Thoreau Lane, Williamstown, NJ

stown, NJ 08098 #3 : 48 Tecumseh Trail, Browns Mills, NJ 08015 #4 : 4936 Denbigh Court, Mays Landing, NJ 08330 #5 : 434 Payson Ave., Water- ford Works, NJ 08089 #6 : 775GartonRd., Deerfield Township, NJ 08302 #7 : 709 Nautilus Blvd., Forked River, NJ 08731 #8 : 2 Clearview Circle Dr., Newton, NJ 07860 #9 : 14 Glenn St., Browns Mills, NJ 08015 #10 : 1508 W. Cleveland St., Egg Harbor City, NJ 08215 #11 : 48 Blue Spruce Court, Lumberton, NJ 08048 #12 : 2375 Bellevue Ave., Atco, NJ #13 : 335 Woodruff Carmel Rd., Deerfield Township, NJ

08302

#25 : 202 Cedar Lake Dr., Williamstown, NJ 08094 RichWarner , president and founder of Warner Real Estate and Auction Company, said, “This is an incredible oppor- tunity for buyers to purchase USDA foreclosed homes at ab- solute auction with no reserve prices and bid their price! Best of all, the entire auction pro- cess will take place online, so it couldn’t be more convenient for buyers.” Properties may be accessed for inspection if a realtor ac- companies the buyer. Closing will be on or before 30 days from the conclusion of the on- line auction, at 12:30pm (EDT) on 3/4/15. All properties are being sold in “AS-IS” condition with no contingencies. n

#14 : 1757 Main St., Port Norris, NJ 08349 #15 : 286 S. Golfwood Ave., Carneys Point, NJ 08069 #16 : 97 N. Lincoln Ave., Washington, Focus NJ 07882 #17 : 2344 Primrose Court, Mays Landing, NJ 08330 #18 : 203 Allen Rd., Browns Mills, NJ 08015 #19 : 569 Copley Place, Bay- ville, NJ 08721 #20 : 451 Rte. 206, Branch- ville, NJ 07826 #21 : 401 Summer St., Flor- ence, NJ 08518 #22 : 136 Jones Way, Browns Mills, NJ 08015 #23 : 579 Clarks Pond Rd., Bridgeton, NJ 08302 #24 : 2712 Goldenrod Court, Mays Landing, NJ 08330

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DelMarVa.................................................................5-6A Financial Digest......................................................7-10A New Jersey....................................................... Section B Central New Jersey.................................................5-11B Pennsylvania.................................................... Section C Western PA/PA’s Engineer Week. .............................5-8C

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