Mid Atlantic Real Estate Journal — June 8 - 21, 2012 — 3A
www.marejournal.com
M ID A TLANTIC R EAL E STATE J OURNAL Office-warehouse at 1615 Wicomico St. in Baltimore, MD Fisher and Brady of Cushman & Wakefield inks 54,600 s/f B redeveloped 325,000 s/f indus- trial facility located in the heart of Baltimore. There is 241,000 s/f available and ready for oc- cupancy. ALTIMORE, MD — Cushman & Wakefield announced that Every-
They wrote the policy.
We make sure they write the check.
ing a master plan for the prop- erty after meeting with local officials and area residents in the weeks ahead. “We invested in this land because it represents an ex- cellent opportunity for us to enter North Carolina’s fastest growing metropolitan area. Such parcels are in the path of development and, in times like these, RedGo can get foot holds in new locations because local developers are nervous and allow good deals to slip by,” Goebert said. Pennsylvania developments completed by RedGo include Lewis Square and the Linfield Office Campus in Royersford, Naamans Creek Corporate Center in Upper Chichester City. “We were able to provide EverythingWarehouse with the expansion space they needed together with secure outside storage in a great location at the right price” said David Berg, managing partner of 1601 Wicomico, LLC. 1601 Wicomico St. is a newly
thing Warehouse, a supplier of industrial material handling equipment, racking and retail store fixtures has signed a long term lease to relocate into 54,600 s/f of office-warehouse at 1615 Wicomico St. in Baltimore
M. MILLER & SON Public Adjusters Since 1960
McLane Fisher and Ned Brady of Cushman &Wakefield of Maryland Inc. represented Everything Warehouse in the transaction. ■
RedGo Development purchases 42-acres for construction of residential complex
1211 Liberty Ave., Hillside, NJ 07205 ● Tel: 908-355-4800 adjuster@mmillerson.com ● www.mmillerson.com
Township, the Willowbrook Business Park in West Ches- ter, Three Tun Business Cen- ter in Frazer, 1055 Andrew Drive in West Chester and the New Continental Plaza of- fice complex in Upper Merion Township. In addition to office and retail complexes, RedGo has constructed residential de- velopments that include the 300-unit Linfield Homes in Linfield Township and Sana- toga Commons in Pottstown. The company is currently in the approval process for a 327-unit senior living facility with 70,000 s/f of office/retail in Limerick Township PA that is scheduled to break ground later this year. ■
GARNER, NC — RedGo Development has purchased 42 acres fronting Rand Rd, where it plans to develop a residential complex. The purchase from Wells Fargo Bank follows RedGo’s acquisition earlier this year of a 32-acre site in Berlin Twp., NJ. According to Fred Goebert, president of RedGo, the Gar- ner parcel was a former mo- bile home park that has since been abandoned. RedGo plans to redesign the site for current market conditions, includ- ing the strong possibility of a single-family rental com- munity. Zoned residential, Goebert said RedGo would be prepar-
Recent Financings Arranged By Meridian Capital Group
Hunters Glen 1,124 Units $49,000,000 Delran, NJ
Steward’s Crossing 241 Units $27,200,000 Princeton, NJ
MILLBURN, NJ Downtown Millburn Retail 284 Millburn Ave. Prime Downtown Location End Cap Unit Millburn Train Station One Block Away Center of Lifestyle Community
6,000 sf for lease
Join Bank of America | Just Salon & Spa Millburn Opitcal & Surgery
West Creek Village 306 Units $16,000,000 Elkton, MD
Woods at Narraticon 150 Units $16,950,000 Deptford, NJ
Dedicated Parking 100 Parking Spots Affluent Market Area
Neighboring Tenants
Demographics
CVS Red Mango Chase Bank Trader Joes Valley National Bank
5 Miles 401,555
3 Miles 107,160
1 Mile 12,203
)RXQGHGLQ 0HULGLDQ&DSLWDO*URXS//&LVRQHRIWKHQDWLRQâV ODUJHVWFRPPHUFLDOUHDOHVWDWHðQDQFHDQGDGYLVRU\ðUPV:RUNLQJZLWK DEURDGDUUD\RIFDSLWDOSURYLGHUV0HULGLDQDUUDQJHVðQDQFLQJIRU WUDQVDFWLRQVRIDOOVL]HVDQGSURSHUW\W\SHVLQFOXGLQJ ÷0XOWLIDPLO\
PNC Bank Annie Sez Starbucks Petsmart
Population Daytime Pop. Households Avg. HH. Income
193,729
75,532
11,532
144,394
39,283
4,661
÷6HQLRU+RXVLQJ ÷6HOI6WRUDJH ÷&RQVWUXFWLRQ
÷+RVSLWDOLW\ ÷+HDOWKFDUH ÷6WXGHQW+RXVLQJ
÷5HWDLO ÷0L[HG8VH ÷,QGXVWULDO
÷&R2S ÷2IILFH
$103,923
$132,708
$149,783
3OHDVHFRQWDFW,VUDHO6FKXEHUWDW WROHDUQPRUHDERXW 0HULGLDQâVXQLTXHDSSURDFKDQGWRGLVFXVV\RXUðQDQFLQJQHHGV
Inquire with owner 973-216-1300
9V\[L:V\[O)\PSKPUN--PYZ[-SVVY0ZLSPU51 c^^^TLYPKPHUJHWP[HSJVT
Made with FlippingBook - professional solution for displaying marketing and sales documents online