O wners , D evelopers & M anagers
Real Estate Journal — Section B
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redericksburg, PA — CBRE Group, Inc. (CBRE) announced Trammell Crow Company develops property CBRE arranges 1.1 million s/f long-term lease for Ace Hardware in Fredericksburg, PA F
Recently named “Commu- nity of the Year” by the New Jersey Builder’s Associa- tion for its design, sales and marketing excellence, Avora is ideally located just steps from the Port Imperial Ferry Terminal providing an ultra- convenient 8-minute commute into Manhattan. Designed by world-renowned architects IBI Group , Avora takes full advan- tage of its waterfront location with a multi-tiered, stepped- back design that maximizes views of midtown Manhattan and the Hudson River. “Avora has enjoyed wide- spr ead appea l s i nc e we launched pre-construction sales, drawing buyers from throughout the region who appreciate the property's ex- traordinary waterfront setting, spectacular views, modern design, upscale finishes and appointments and resort-in- spired amenities,” notes Gabe Pasquale , senior vice presi- dent of Sales and Marketing for Landsea. “This extraordi- nary riverfront location has evolved into the destination of choice for those seeking luxury condominium living along the Gold Coast.” n mott, Jake Terkanian, Vin- cent Ranalli and David Lind represented Ace Hardware during the negotiations. The property is owned by USAA Real Estate Co. and is being developed by the Trammell Crow Company . McDermott indicated that the CBRE team worked with the Ace Hardware executives to locate a suitable class A con- solidation facility to serve the Ace Hardware stores located throughout the Northeast and Mid-Atlantic US. CBRE provided transaction management, labor analytics and assistance in securing LE- RTA tax benefits. The CBRE project management team has been hired to oversee the construction of the building expansion. n
HI-LIGHTS June 23 - July 13, 2017 today that it has negotiated a long-term lease on behalf of Ace Hardware at the Lebanon Valley Distribution Center located at 139 Fredericks- burg Rd. in Fredericksburg, Lebanon County. The lease transaction involves a new 1,080,421 s/f cross-dock, 36’ clear distribution facility. The existing 874,126 s/f facility is to be expanded by 225,875 s/f and delivered to Ace Hardware for occupancy by year end 2017. CBRE’s Joseph McDer-
139 Fredericksburg Rd.
AVORA “Tops Out” On Weehawken, NJWaterfront facingMidtownManhattan
Contractors Subcontractors
WEEHAWKEN, NJ — Landsea announced recently that Avora has topped out at 11 stories, representing a significant construction milestone for the new luxury condominium building rising on the Weehawken waterfront with unobstructed views of midtown Manhattan. A crowd of dignitaries led by Weehawken Mayor Richard Turner, fellow municipal of- ficials, Landsea principals and more than 150 tradespeople gathered at the building ad- jacent to the Port Imperial Ferry Terminal to celebrate the occasion. When com- pleted, Avora wil deliver 184 residences and 6,000 s/f of street-level retail space to Weehawken’s waterfront, with initial occupancy sched- uled for first quarter of 2018. “Today we recognize the collective efforts of our con- struction and design teams and skilled tradespeople who are playing a critical role in delivering a new residential destination that will have a lasting footprint on the New Jersey Gold Coast,” said John Ho , CEO of Landsea Hold- ings Corporation. “Thanks to
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More than 150 tradespeople gathered at Avora to celebrate the top- ping out of the 11-story, 184-unit luxury condominium building ris- ing on the Weehawken, NJ waterfront facing midtown Manhattan.
their determination and com- mitment to excellence, we’re now one step closer to real- izing our vision for this iconic development that combines vanguard design, outstanding amenities, an incomparable waterfront setting and pro- gressive sustainable building practices.” "It’s been a 35-year process
to get to this building,” Mayor Turner remarked. “It’s hard to believe this waterfront was essentially vacant land, except for some industrial buildings. It has been a great partnership with developers to get to this point. Nowwe’ve had a ground breaking at Avora, a topping out, and we’ll all be back in 2018 for the grand opening."
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