6-23-17

2A — June 23 - July 13, 2017 — M id A tlantic

Real Estate Journal

www.marejournal.com

M id A tlantic Real Estate Journal

M id A tlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Associate Publisher ......................................... Steve Kelley Associate Publisher ........................................... Kim Brunet Sales Intern .................................................Kevin Minassian Senior Editor/Graphic Artist ..........................Karen Vachon Production Intern .......................................... Erin Shepherd Office Manager ............................................. Miriam Buttrick Contributing Columnists ............................................ Sanford Herrick, Ian Anderson, Michael Jacobs, Jennifer L. Alexander, Esq., and Jessica Zolotorofe Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 350 Lincoln St, Suite 1105, Hingham, MA 02043 USPS #22-358 | Vol. 29 Issue 12 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Phone: 781-740-2900 | Fax: 781-740-2929 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

Prime Properties in Southern New Jersey Available For Lease

Sanford Herrick

Whitesell Properties >> Industrial >> 1050 Thomas Busch Memorial Highway, Pennsauken, NJ

The Current Lending Climate

PRIME PROPERTY FOR LEASE 1050 THOMAS BUSCH MEMORIAL HIGHWAY

• Exceptional 47,591 SF Single-tenant Warehouse / Manufacturing Building • 24’+ Clear height, 1200 Amp Electric, T-5 Lighting, and Skylights • 6 Tailgates, 2 Drive-ins, and 94 parking stalls. • Prime Logistics Opportunity minutes from Downtown Philadelphia, I-95, I-295, NJ Routes 38, 70, US Route 130, and NJ Turnpike Exit 4

I t’s a cautiously optimistic time for commercial real estate investors, who are finding attractive opportunities despite some concerns about market stability. The deals in the New York tri-state area as well as South Florida remain plentiful, and private lenders continue to provide an infusion of turnaround capital in order to take advantage of this en- vironment. But will this trend last, and how will the new ad- ministration impact the future of commercial real estate? In the following Q&A, indus- try veteran Sanford Herrick, who is the founder and manag- ing principal of commercial real estate investment company Case Real Estate Capital, LLC, discusses the current lending climate and how Case is lever- aging opportunities. Q: How would you de- scribe the commercial real estate market today now that there’s a new adminis- tration at the White House? A: “The markets are still unsettled, but there’s been more optimism since President Trump was elected with his support of deregulation.” Q: What geographic mar- kets are the best for value- add opportunities right now? A: “Our firm is very active in the Northeast and Mid- Atlantic, as well as in South Florida. Right now we’re seeing more activity in Florida where there is a lot of demand for money. Whether the demand is reasoned is questionable, but many developers feel if there’s money available, let’s do some- thing with it.” Q: The amount of newly- raised capital targeting real estate is at near record levels. Do you expect the velocity of deals to remain

856-764-2600 | www.whitesellco.com | Commercial Office & Industrial Real Estate Proudly Serving Southern New Jersey for Over 50 Years

finding that there are fewer of those deals around compared to a year and a half ago.” Q. Do you see opportuni- ties in the retail sector? A. “For the past couple of years, the constant chirp of discussion on e-commerce has continued and grown louder. Most people are taking their business to the internet versus the brick-and-mortar stores, and I think that trend will continue.” Q: What are the benefits of working with Case? A: “We can get to a yes very quickly, and we can deploy funds in the $10 million to $30 million range within a month. For example, we did a first mortgage bridge loan on a site in Woodridge, NJ for over $15 million and it took only 33 days from the day it came in to the day it funded. Similarly, our turnaround time was 30 days from origination to closing for a first mortgage loan inMontauk, NY for over $17 million.” Q: What is the company’s goal for the remainder of 2017? A: “We are planning an ex- pansion of personnel with plans to hire an acquisition officer and an asset/manager ana- lyst within the next couple of months. Also, as we keep get- ting more money committed to us from our financial partners, we plan to continue to ramp up investment activities, and respond to the middle market’s need for smart situational capital.” n Volpi , VP and Alex Rosen- berg , sales associate. The 5,700 s/f unit is located at 67 East Willow Street in Mill- burn. Ken Rubin represented Bleeker Fidelco Associates , the landlord in this transac- tion. Team Resources repre- sented Advanced Comprehen- sive Laboratory, the tenant. n

strong? A: “There’s a steady stream of money coming into the market with a number of new and sea- soned participants managing that money. As a result, deals are more competitive, which in turn, is driving down yields in an environment where there is concern about stability. We’ve had a seven year run of increase in value and there’s some ques- tion about how long that can last. We’ve already seen cracks in high-end markets like NYC. The great concern now is how long this money can be reason- ably deployed.” Q: Traditional lenders have become cautious with tighter lending standards. What do you attribute that to? A: “The banks have lots of issues and are dealing with increased regulations as the regulators want them to have less exposure to real estate. Traditional lenders are step- ping back, leaving the market up to private lenders to a great degree.” Q: Competition to place capital has been strong. How does Case source new opportunities? A: “We’ve ramped up our in- vestment activities and we proj- ect a rise in financing volume. As an originated mortgage lender and a buyer of loans, we pick through the market to find situations that can get us the yields with the safety and timing components that we want. Unfortunately, we’re

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Lodi, NJ — Team Re- sources (Team) announces recent transactions: Glenn Evans , senior VP leased a portion of 63-35 Rte. 46 in Lodi to Happy USA Inc. Evans represented both the landlord, Garden State Tire, and Happy USA in the 12,325 s/f 10 year transaction. “Happy Team Resources closes two deals in New Jersey USA had been seeking a retail property with high visibility, sufficient customer parking and a heavy volume of traf- fic for their high-end produce market,” said Evans “They were very “Happy”to find this!” Advanced Comprehensive Laboratory has signed a new five year lease through Jeffrey

This issue will print as a pull out section listing Commercial Real Estate Brokerage Firms that are active in the Mid Atlantic area.

This exculsive brokerage opportunity is an excellent way to reach 30,000 Commercial Brokerage Real Estate Professionals, Owners, Developers, and Tenants.

Call to reserve editorial space or expert article on the current commercial market (office, retail, industrial).

Linda Christman Phone:781-740-2900 Email: lchristman@marejournal.com

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