10C — April 22 - May 19, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
O wners , D evelopers & M anagers
AST Selects R&J Strategic Communications as PR Agency
KD3 Design Studio, LINKBANK&JEMGrp. attend event CAMPBELL celebrates groundbreaking ofmed. bldg. BRIDGEWATER, NJ ––
digital marketing, and social media capabilities to reinforce AST’s corporate re-branding, while bolstering the firm’s brand awareness and estab - lishing AST and its principals as thought leaders and premier solutions providers in a highly competitive industry with an overall goal of positively im - pacting their bottom line. “We welcome AST to our strong and growing list of com - mercial real estate clients, and we are excited to capitalize on our industry experience to help them accomplish their goals in the market,” said Tiffany Mill - er, Executive Vice President at R&J Strategic Communica - tions. “We are confident that our dedicated and specialized real estate team’s unparal - leled understanding of both the evolving media landscape and competitive regional real estate market will enable us to help AST to grow their business and further position them for continued success.” MAREJ
R&J Strategic Communi - cations has been named the agency of record for AST , a boutique real estate develop - ment and financing company. R&J will create and implement a comprehensive integrated public relations strategy to help AST promote and re - inforce its recent corporate re-branding, grow its market position and help to build its market share in an ever- changing and competitive real estate market. Previously known as AST Development, AST’s expertise in ground-up development, value-add repositioning proj - ects and financing enables the firm to strategically build and grow its portfolio while provid - ing various project partners with the skills and resources that bring their visions to life in an increasingly complex marketplace. For AST, R&J will leverage its full suite of public relations,
E NOLA, PA — Crumay Parnes Associates, Inc. celebrated the ground breaking of their new location at 1822 Good Hope Rd., Enola. As the oldest dermatology practice in central Pennsyl - vania, Crumay Parnes As - sociates, Inc. specializes in diagnoses and treatments re - lated to dermatology. The new 7,900 +/- s/f medical building will accommodate the growing practice currently in Camp Hill. Conveniently located off the Wertzville exit from the Capital Beltway, Crumay Parnes As - sociates, Inc. will be alongside JDC Pediatrics, Centric Bank, UPMC Primary Care Good Hope, and PAMHealth at Good Hope Office Park in Enola. Developed by Good Hope
Developers, architects and construction companies attend ground breaking of their new Crumay Parnes Associates location.
Ventures, part of the Dawood family of companies, architec - ture by KD3 Design Studio , construction by JEM Group and MacMor Construction . All developers, architects
and construction companies were in attendance, as well as representatives from Hamp - den Twp., LINKBANK, and Campbell Commercial Real Estate, Inc. MAREJ
Commercial Mortgage Capital secures $12.7M loan
PARSIPPANY, NJ — Commercial Mortgage Capital (CMC) announced
Denholtz Props. forms $1B joint venture targetingmultitenant industrial properties
the closing of $12.7 million i n p e rma - nent financ - ing. The fi - nancing was provided by Pr i nc i pa l Fi nanc i a l Group o ut
upon the success of Denholtz Properties with this asset class to focus on core-plus, value- add investments and develop - ments in target markets near the regional headquarters of Denholtz Properties located in both New Jersey and Florida, as well as the Southeast. “Finding and capitalizing on value creation opportunities in the current industrial market requires the sophistication and capabilities of an institutional investment platform paired with an entrepreneurial and agile approach,” said Steven Denholtz, chief executive of - ficer of Denholtz Properties. “We look forward to leveraging our unique operating platform and decades of multitenant industrial experience with our investment partner.” MAREJ manager at Allan Industries, followed by high level leader - ship and VP positions at several global integrated facility man - agement firms. Prior to joining BRAVO!, VanderMay worked as vice president of operations at STAR Building Services. “Bryan is an experienced pro - fessional with proven success in managing successful facility support programs, delivering positive results, and, most im - portantly, ensuring high-level customer satisfaction” said Frank Wardzinski, BRAVO! COO. MAREJ
RED BANK, NJ — Den- holtz Properties , a privately held, fully integrated commer - cial real estate development and investment company, has launched a joint venture with an affiliate of an institutional investment management firm targeting multitenant indus - trial projects strategically located in densely populated high-growth infill areas. The joint venture plans to acquire and develop multitenant in - dustrial properties with a total value of over $1 billion. Years of development and management of multitenant industrial buildings in the marketplace have enabled Denholtz Properties to identify often overlooked investment opportunities to create value. The joint venture will build BRIDGEWATER, NJ – BRA- VO! Building Services h as hired Bryan VanderMay as regional vice president of operations. VanderMay will be responsible for supporting BRAVO!’s operations teams in New Jersey and ensuring that janitorial programs meet operational goals and contrac - tual requirements as well as produce maximum efficiency. VanderMay comes to BRA - VO! with 30+ years of experi - ence in the facility services industry. For over two decades, VanderMay served as general
SOUTHAMBOY, NJ —The evolution of South Amboy’s Raritan Bay waterfront took a major step forward with the announcement that BNE Real Estate Group has launched leasing for Station Bay in South Amboy, the first and largest new luxury residential develop - ment to arrive in the area. As the first phase to open within a multi-phase $500 million rede - velopment project, Station Bay heralds a new generation of development for South Amboy, a popular suburban destination that’s expected to see consider - able growth upon the arrival of Dartmouth Village is located at 270 Baldwin Rd. in Parsippa - ny, Morris County. The garden style apartment complex was 96% leased at the time of clos - ing. Dartmouth Village is an affiliate of Landmark Compa- nies of Keasbey, NJ. Landmark Companies manages over 3,000 of Des Moines, Iowa for the refinance of 222 renovated multifamily apartments con - tained in eight, 2-story brick buildings. The loan was a fixed rate (2.67%) 10 year loan.
a new ferry terminal that will provide direct access to NYC. Located off Radford Ferry Rd., residents of Station Bay will be minutes away from South Amboy’s downtown with restaurants, bars, shops, enter - tainment options. Station Bay is also walking distance to the South Amboy train station and the site of the soon-to-be-con - structed ferry to Manhattan. The property offers ease of ac - cess to several major highways including the Garden State Pkwy., NJ Tpke., Rte. 9, Rte. 440 and is a 30-minute drive to New Jersey’s most popular Mark Scott , president of CMC, arranged the financ - ing with Principal Financial Group from Des Moines, Iowa. The borrower took advantage of historically low financing units in central and northern New Jersey as well as several in southern Florida.
rates and locked in a long term financing solution for the prop - erty. Scott noted “CMC has had a long term relationship with Principal and were able to cus - tomize and secure a great loan for our client. We pride our - selves in delivering effectively for our clients”. MAREJ
BRAVO! Building Services welcomes VanderMay as regional vp operations
BNE Real Estate Group launches leasing of Station Bay shore destinations including Asbury Park, Long Branch and Red Bank. With multiple marinas surrounding the com - munity, Station Bay is ideal for renters who desire quick access to the water.
Pricing begins at $1,989/ month net effective with Grand Opening specials of up to 2 months free now available for a limited time. To learn more about luxury apartment opportunities at Station Bay and to schedule an in-person tour of the com - munity’s furnished model homes and amenities. MAREJ
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