M id A tlantic Real Estate Journal — Owners, Developers & Managers — July 28 - August 10, 2017 — 27B
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O wners , D evelopers & M anagers
A 180 unit multifamily property located in Salisbury, MD NorthMarq Capital’s Baltimore office arranges $12.585m refinance for Runaway Bay S arranged financing for the borrower through its rela- tionship with Fannie Mae . “The bor-
alisbury, MD — Bill Libercci , senior vice president/senior director of NorthMarq Cap- ital ’s Baltimore regional of- fice, negotiated refinancing of $12.585 million for Runaway Bay, a 180 unit multifamily property located in Salisbury. The apartment complex of- fers numerous amenities such as an outdoor pool with a clubhouse and is adjacent to The Centre at Salisbury regional mall. NorthMarq Leasing commences at Steel Works HARRISON, NJ — Ad- vance Realty and DeBar- tolo Development an- nounced today that leasing has commenced at Steel Works, the partnership’s new transit-oriented com- munity of studio, one- and two-bedroom luxury apart- ments within the Riverbend District — an expansive, multi-phase development in Harrison. Composed of 286 residenc- es, Steel Works is part of an energetic, 35-acre neighbor- hood on the rise that is only an 18-minute train ride to New York City via the Har- rison PATH station. It is adjacent to Red Bull Arena, in the heart of an area that will soon be home to an abundance of restaurants, bars, shops, entertainment and culture. The community offers a col- lection of high-end amenities that includes a fitness center with an on-site “spin room” and 24/7 on-demand fitness classes, golf and multi-sport simulator, heated outdoor pool and clubhouse, chic resi- dent lounge, high-style pet park, outdoor movie screen, and roof deck with fireside lounge and bar. “As Harrison emerges as a sought-after transit-oriented destination, Steel Works meets the market’s demand for upscale, lifestyle-oriented apartments,” said Peter Co- coziello , founder, president and CEO of Advance Realty. “We’ve outfitted the building with the features and ameni- ties that today’s renters de- sire most, creating a holistic lifestyle that appeals to those who value the conveniences of urban living.” Greystar is the property manager of the project. n
rower and l e n d e r w o r k e d hard to ac- commodate the borrow- er's desire to eliminate interest rate r i s k a n d
Bill Libercci
refinance a good asset in a secondary market,” said Libercci. n
Runaway Bay
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