20C — March 30 - April 12, 2018 — The Best of 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
The Best retail lease of 2017
Colliers International - NJ 200 Nassau Park Boulevard Princeton, NJ
Bennett Williams 4700 Jonestown Rd. Harrisburg, PA
Size: 86,584 SF Brokers: Nancy Erickson and Kelly Bayer
As representative for Kohl’s in a sublease opportunity in the desirable Princeton market, Colliers’Erickson and Bayer secured Restoration Hardware to fill an 86,584 SF space at Nassau Park Pavilion. This 1.1 million SF super-regional mall offers a strong mix of national retailers also including Target, BuyBuyBaby, WalMart, Best Buy, PetSmart, HomeGoods, Home Depot, Sams Club, Dicks, Michaels, Weg- mans, Babies R Us, ULTA, and more. Previously, Erickson represented Restoration Hardware in a 73,852 SF lease for an outlet and clearance center in Paramus, NJ.
Brad Rohrbaugh
Chad Stine
20,419 SF retail space at 4700 Jonestown Rd., Lower Paxton Township, Lancaster County, PA. Aldi, Inc. leased the property from 4700 Jonestown, LLC. Chad Stine and Brad Rohrbaugh of Bennett Williams Commercial represented the tenant in the transaction.
The Largest Mixed-Use Project of 2017 Torcon, Inc.
Cushman & Wakefield NJ Valley Hospital Site Assemblage Paramus, NJ
MPN Realty, Inc. 414-22 S. 16th St/ 2031-51 Lombard, Philadelphia
NJ Institute of Technology Wellness and Events Center
Newark, NJ Type of mixed-use: The multi-purpose facility provides the campus community with a modern space for athletic activities, entertainment events, convocations and professional meetings. Size: 200,000 SF NJIT’s Wellness and Event’s Center is a state-of-the-art, multipurpose athletic center. The facility, designed to be integrated into student life and to create a new focal point of the campus, includes a 10,000 SF indoor turf area, an 8-lane, 25-meter swimming pool, running track and rac- quetball/squash courts. The 3,500 seat Convocation Center hosts concession stands, the team store, athletic department offices, and offers both basketball and volleyball team facil- ities. Students can enjoy exercise classrooms, weight train- ing equipment, a two court gymnasium and locker room facilities. The center also has accommodations to host con- ferences of up to 4,000 attendees.
414-22 S. 16th St.
2031-51 Lombard
Type of mixed-use: Medical, Office Size: 20 acres
414-422 S. 16th Street is a four level single ramp valet parking garage which accommodates 110 cars. Built in 1920. The Historic Commission has designated it as “con- tributing” which means demolition will not be allowed. The ceiling height, light, views and unique” loft type” clear span open space is ideal for Apartment conversion. The Property was Purchased by a Local Developer who is in the process of developing the {Parking Garage into a mixed-use development project with street level retail, parking and apartments above. 2031-51 Lombard Street is a 3 Level Public Parking Ga- rage which accommodates 150 Car Parking. The garage is a Valet System with one ramp servicing each level.
Brokers: Robert Rudin, Jan Randall, Rustam Nazirbaev, Peter Hamburger, David Bernhaut, and Andrew MacDonald The Cushman & Wakefield team implemented a long-term strategy to assemble a 20+ acre site in Paramus, a densely developed area in Northern NJ, where Valley Hospital could build a new state-of-the-art $735 million healthcare facility. The complex plan required a clear and detailed vision of what needed to be accomplished to accommodate Valley’s specific requirements. The successful deal involved the ac- quisition of over 500,000 SF of office space, the creation of 500-1,000 jobs and the construction of projects valued in excess of $800 million.
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