8C — March 30 - April 12, 2018 — The Best of 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
The most unique Office Deal of 2017
Vision Real Estate Partners 1009 Lennox Drive Lawrenceville, NJ
NAI JAMES E. HANSON Block 1309 Lot 1 New Milford, NJ
Marcus & Millichap PA Washington Towers Reading, PA
Size: 89,000 SF Broker: Bradford Fenlon, Colliers
Billtrust’s headquarters lease represented the largest new office lease in the Princeton submarket in 2017, and the fourth largest statewide. It signals the emergence of a new generation of office space users – one that will play a vital role in New Jersey’s future economic health. As property operator, Vision Real Estate Partners’ in-depth understand- ing of modern workplace strategy was instrumental in se- curing the Billtrust lease. The company will enjoy custom- branded space and an environment that provides existing employees with exciting amenities, and management with a competitive edge to attract new hires from a deep region- al talent pool.
Size: 13.6 ACRES Brokers: Andrew Somple, Gregory James NAI James E. Hanson has negotiated the sale of 13.6 acres of land surrounded by Main Street, River Road and Madison Avenue targeted for development in New Milford, NJ. Andrew Somple and Greg James represented the seller, Suez Water North America, in the sale to New Milford Redevelopment Associates, a subsidiary of S. Hekemian & Co., Inc.
Size: 96 Apartments, 30,000 SF of retail We chose this property because it demonstrates the aggressive terms we can provide for suburban apart- ment buildings. We were able to arrange 80% Loan to Purchase Price, 10-year fixed term, 3 years Interest Only, 30-year amortization, Non-Recourse, Flexible Prepayment Penalty at an exclusive winning rate. We have this type of loan product readily available and priced to win.
Specialization • Expertise • Results
Congratulations to Mark Taylor and Andrew Townsend Top Marcus & Millichap Philadelphia Sales Brokers in 2017
ANDREW TOWNSEND First Vice President Investments atownsend@marcusmillichap.com (215) 531-7020
MARK TAYLOR Senior Managing Director Investments mtaylor@marcusmillichap.com (215) 531-7063
To access the largest exclusive inventory of properties, contact the market leader.
Sean Beuche | Regional Manager | sbeuche@marcusmillichap.com
2005 Market Street, Suite 1510 | Philadelphia, PA 19103 (215) 531-7000
Offices Throughout the U.S. and Canada
www.MarcusMillichap.com
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