3-30-18

S hopping C enters

Real Estate Journal — Shopping Centers — March 30 - April 12, 2018 — 3A

www.marejournal.com

M id A tlantic

Deploys regional and national team of experienced retail professionals CBRE teams with Brandywine Realty Trust for retail portion of $3.5B Schuylkill Yards development P

operations. The national and regional team of CBRE professionals involved in the effort include Steven Gartner, Jeffrey Co- hen, Lisa Stoddard, Mallory Scaccetti, Todd Caruso and Rija Beares . According to Steven Gart- ner, CBRE's managing direc- tor of retail services, "Brandy- wine’s Schuylkill Yards will be a world-class development, one of the most prominent and vis- ible in the country. Its location is situated among the finest higher education and medical institutions in the nation, and is adjacent to the region's major transportation hub. We look forward to advising Brandywine and other team members to create a lifestyle environment that is more than just brains and trains. Through thoughtful placemaking, design, and lively ground floor activity, Schuylkill Yards will be a groundbreaking, dynamic, 24-hour community." n Atlantic and Southeastern offices. “He will play a key role as we continue to expand our multi-tenant retail foot- print throughout the region.” Prior to joining Marcus & Millichap, Laycox was president of Urban Acre In- vestments, LLC, a boutique brokerage firm. During the course of his career, he has participated in over $350 million in transactions in Virginia, North Carolina and Washington D.C. He also served as director of investment services team at Colliers International, specializing in the sale of retail assets across the Mid- Atlantic. His educational back- ground - The Ohio State University. He is licensed in Maryland, Washington, D.C., Virginia, North Carolina, and South Carolina. He is an active member of the Inter- national Council of Shopping Center (“ICSC”). n

hiladelphia, PA — CBRE has been re- tained by Brandywine Realty Trust to provide retail advisory and transaction ser- vices for its Schuylkill Yards project in Philadelphia. The 14- acre, 6.9 million s/f innovation community is being developed in University City, adjacent to Amtrak's 30th Street Station and Drexel University, the site’s primary ground lessor. The first phase of the $3.5 bil- lion, multi-year project includes Drexel Square, a 1.3-acre com- munity park at the corner of 30th &Market Streets, opening later this year, and the reimag- ining of the former Bulletin Building. At full buildout, Schuylkill Yards will be one of the nation's leading large-scale innovation communities, con- sisting of office, retail, labora- tory, residential and hospitality spaces. CBRE is deploying a re- gional and national team

Schuylkill Yards rendering sure long-term success in creating Philadelphia's "Next Great Neighborhood." Using best practices gleaned from other developments world-

of experienced retail pro- fessionals and placemak- ers to strategically provide Schuylkill Yards the ground- floor vibrancy that will as-

wide, it will create an invit- ing, appealing environment designed to attract many first-in-the-market retail, dining and entertainment

KLNB’s Maddux, Miller, Minnehan, and Copeland broker 5.5 acre sale

Edward Laycox joins Marcus & Millichap as vice president

Washington , DC — Marcus & Millichap announced that Edward

Laycox has joined the firm as vice p r e s i d e n t investments in Marcus & Millichap’s Wa s h i n g - ton, D.C. of- fice. In his new

Edward Laycox

Tom Maddux

Patrick Miller

Ryan Minnehan

Matt Copeland

role, Laycox will specialize in the sale of retail properties throughout the Mid-Atlantic with a focus on serving pri- vate clients. He brings more than 17 years of valuable retail and commercial real estate experience. “Ed is a highly skilled broker and his experience in navigating complex re- tail transactions will add tremendous value to our clients,” said Bryn Merrey , senior vice president/division manager of the firm’s Mid-

Royal Farms at Nottingham Ridge. Both retailers are un- der construction and plan to open later in 2018. The 17-acre Nottingham Ridge development is located on Philadelphia Road immedi- ately south of theWhite Marsh Boulevard interchange with I-95. Approximately 9 acres remain available. “White Marsh is one of Bal- timore County’s largest and fastest-growing business and residential communities. It is a dynamic retail location

that provides great value and growth to companies such as Sheehy,” said Maddux. “There are many significant employ- ers in the region — Stanley Black and Decker, Franklin Square Hospital, Comcast, and more — so the residential population will only get denser as these companies continue to expand. It is exciting to bring Sheehy Auto Stores, Royal Farms and other high-quality retailers to Nottingham Ridge and to this powerful and grow- ing community.” n

White Marsh, MD — KLNB , the full-service com- mercial real estate brokerage firm, announced today the sale of 5.5 acres to Sheehy Auto Stores in the new Nottingham Ridge development in White Marsh, MD. Tom Maddux, Patrick Miller and Ryan Minnehan of KLNB repre- sented the seller, Nottingham Ridge II Business Trust and Matt Copeland of KLNB represented the buyer, Sheehy Auto Stores. Sheehy Auto Stores joins

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