O wners , D evelopers & M anagers

M id A tlantic Real Estate Journal — Section C


Firm assumes role of managing agent for 222 Bridge Plaza South LevinManagement Corporation namedmanaging agent for Fort Lee, NJ office building portfolio

HI-LIGHTS April 22 - May 19, 2022 The key assignment repre - sents the expansion of LMC’s Bergen County foothold and un - derscores the depth of the com - pany’s commercial real estate ORT LEE, NJ — The addition of a high-pro- file Fort Lee office prop - erty highlights LevinManage- ment Corporation’s (LMC’s) growing diversified commercial management portfolio. The North Plainfield-based firm has assumed the role of manag - ing agent for 222 Bridge Plaza South, a 108,000 s/f, seven-story building. F

retains its competitive position. 222 Bridge Plaza South is located within the heart of a dynamic live/work/play neigh - borhood. The premier office property, which also serves as home to fashion company Southpole, is minutes away from Manhattan and accessi - ble from major thoroughfares including interstates 80 and 95; routes 1 and 46; the New Jersey Tpke.; and the Pali - sades Interstate Pkwy. “The assignment is par - ticularly rewarding because it represents our first project for this private owner entity, which plans to house its head - quarters onsite,” Lowry added. “We intend to apply our proven management standards to all aspects of the building’s opera - tion and to support 222 Bridge Plaza South’s long-term suc - cess. We also look forward to working with Prominent Prop - erties on this project.” MAREJ

222 Bridge Plaza South

services platform, according to Joseph Lowry , senior vice president of acquisitions and business development. “LMC is widely regarded for its long history of delivering third-party

real estate services to retail property owners,” Lowry said. “Yet our portfolio also includes approximately 1.65 million s/f of industrial and office assets – sectors for which we are seeing

increased demand.” Following 222 Bridge Plaza South’s recent sale, its new ownership selected LMC to ensure the multi-tenant office building is maintained and

Prism’s Avenue & Green passes 80% leased

Walters begins construction on 150 unit Branchburg, New Jersey senior community

BRANCHBURG, NJ — Walters , an award-winning developer, has begun con - struction on the second phase of Cornerstone at Branchburg in Somerset County. When completed, the new, premium, age- (55+) and income-restrict - ed apartment community will offer 150 housing units. Lo - cated at 1000 Cornerstone Dr., the development’s sustainable design will attain LEED and ENERGY STAR certifications. “We’re very proud to bring this high-quality, energy ef - ficient community to Branch - burg,” said JosephDel Duca , partner and director of afford - able housing for Walters. “Senior residents will benefit from having an affordable housing option with services and amenities in a safe and desirable setting.” Situated on a 11.7-acre site, the phased development con - sists of two three-story build - ings. The project broke ground in May 2021 with construc - tion now proceeding on both


Bergman Real Estate Group, Time Equities receives TOBY Award

1000 Cornerstone Dr.

buildings. The first building is slated for completion by December 2022 and projected completion of the second build - ing is spring of 2023. Apartment floor plans in - clude one- and two-bedroom residences, ranging from ap - proximately 700 to 900 square feet. Cornerstone at Branch - burg features community spaces for socializing, exercis - ing and accessing computer workstations. A staffed social services coordinator will be

requirements chart. Additionally, Cornerstone at Branchburg is designed to be sustainable, helping to improve the health and well-being of residents while saving energy and environ - mental resources. The use of ENERGY STAR appliances also aids with long-term re - ductions in utility costs. The green community features non-invasive landscaping and the use of recycled materials during construction. MAREJ

available upon request. Every residence features a full-size washer and dry - er, fully equipped kitchens with granite countertops, and blinds in every room. Outdoor areas will offer seating areas with gas grills. Priority is given to resi - dents whose incomes are at or below 60 percent of the area median income. Rental rates are based on the renter’s gross annual income, ac - cording to the rent/income


Daniel J. Caldwell, Stout & Caldwell, LLC.... 2C Michael Doyle, AIA, ECS Mid-Atlantic, LLC . ... 3C Andrew Murray, CPA, Withum......................... 4C People on the Move.... 12C


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