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ISSUE HIGHLIGHTS Volume 26 Issue 12 June 27 - July 10, 2014
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Shown from left: Anthony Marchetta, executive director, NJHMFA; NJ Assemblyman Troy Singleton; Florence Township Mayor Craig Wilkie; Matt Reilly, president & CEO, MEND; Charles Lewis, senior VP, Conifer Realty, LLC; Sam Leone, VP, Conifer Realty,
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Upcoming Spotlight July 11, 2014 FACILITY MANAGEMENT
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Environmental Due Diligence LSRP Services Soil & Groundwater Remediation UST Removals Groundwater Modeling Brownfields Site Work TSDF Liability Reviews Permit Applications & Monitoring Our clients’ needs are what matter. Understanding and managing risk is a critical success factor for our clients. Our services are all focused on: Addressing your environmental issues cost effectively and completely 6WUDWHJLFDOO\SRVLWLRQLQJ\RXUFRPSDQ\WRPHHWWKHLUHQYLURQPHQWDO challenges while protecting your bottom line (QDEOLQJ\RXWRGHYHORSVWUDWHJLHVWKDWZLOOPDLQWDLQ\RXUFRPSDQ\¶V reputation for environmental stewardship 7DNLQJWKH³ZRUU\´RXWRI\RXUHQYLURQPHQWDOLVVXHVVRWKDW\RXFDQ concentrate on running your business Our services include: Environmental Site Assessments Environmental Compliance Consulting Site Investigations & Compliance ISO 14001 Consulting, Auditing & Training Health & Safety Web-Based Training Remedial Investigation/Feasibility Studies Remediation System Design & Installation Treatment System Operation & Maintenance In today’s economy it is important that you receive a favorable rate of return for every dollar you invest in environmental services. ENVISION structures our services to our client’s specific needs. We cost effectively address our client’s immediate environmental issues, while at the same time positioning our clients to meet their future environmental challenges. We provide solutions to tomorrow’s environmental issues, today.
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Solving Problems Engineering Solutions . . .
PROUD PROJECT PARTNER (MEND) and Conifer Realty, LLC
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1MH%XPERXMG R EAL E STATE J OURNAL Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Publisher/Senior Account Executive ................................. Elaine Fanning Section Publisher .................................................................... Steve Kelley Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant ...................................................................Julie King 2I¿FH0DQDJHU ................................................................... Joanne Gavaza &RQWULEXWLQJ&ROXPQLVW ............................................................ John Obeid 1MH%XPERXMG 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, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 26 Issue 12 Subscription rates: $99 - one year, $198 - two years, $4 - single copy 5(3257$1(5525,00(',$7(/< MARE Journal will not be responsible for more than one incorrect insertion 7ROO)UHH _0$ _)D[ ZZZPDUHMRXUQDOFRP The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
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Mid Atlantic Real Estate Journal DEVELOPMENT OF THE MONTH ATTENTION: ACTIVE CONSTRUCTION FIRMS Tell business and industry about your latest accomplishment with the: Mid Atlantic has 30,000 monthly readers who you will reach with this promotion. email Linda Christman at lchristman@marejournal.com
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M ID A TLANTIC R EAL E STATE J OURNAL For 1,095-unit, three-tower multifamily community Meridian Capital Grp. arranges PLQDFTXLVLWLRQÀQDQFLQJ
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M ID A TLANTIC R EAL E STATE J OURNAL E 5HWDLORIÀFHDQGUHVLGHQWLDOSURSHUWLHVWUDGHLQ1- Kislak completes $10 million sale of 80,000 s/f mixed-use AST BRUNSWICK AND HIGHLAND PARK, NJ — The
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July 11 SNJ & EPA Facility Management DEADLINE: Aug. 1
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AYNE, PA — A partnership that owns Ches t er - Proposed mixed-use redevelopment project in Wayne, PA Chesterbrook Shopping Plaza to receive $85 million re-design and expansion W
opment with a community of townhouses with just a small retail strip. It’s what the part- nership believes the site can sustain and, after struggling for so many years, also make it thrive. Some of the original options considered a 5-story structure with 300 apartments, but was ruled out. The same goes for DQVWRU\RIÀFHEXLOGLQJ7KH plan they devised that would work best involved tearing down a section of the center, and constructing 124 town- houses on the 13-acre parcel. The residential portion of the project is expected to be sold off to Cornell Homes, a Media,
Chester County. Its tenant mix consists of national, regional, and local retailers also includ- ing Petco, Walgreens and a Gi- ant fuel sta¬tion. The property is 88 percent occupied and also has a 4,300 s/f proposed pad site for future development. “New York Life will be able to capitalize on the property’s minimal near-term lease ex- pirations and the opportunity to immediately increase cash ÁRZ E\ H[HFXWLQJ D VWUDWHJLF leasing plan for the remaining vacancy,” Gabriel said. 3$EDVHGÀUP The front part of the center, where Pizza Land and some other shops are located, would remain and be expanded by an additional 17,000 s/f on either end of the current 13,000 s/f structure to accommodate a Rite Aid and Citizens Bank for a total of 30,000 s/f of retail. Goodwin Architects Inc. is the designer Whalen said, “I’m really passionate about this project” and if all goes well everything goes well hopefully everything will be finalized in the fall. The plan is currently going through the township ap- proval process.
brook Shopping Center has an $85 million plan to re-develop the 122,216 s/f center that was constructed in 1981. Robert Whalen of R W Capital Partners , along with Brian McElwee of Val- ley Forge Investment Corp. and RLD Land Develop- ment , purchased the center last November. After purchas- ing the center, the partnership ZHQWWRZRUNWRÀJXUHRXWWKH best use for the property go-
Chesterbrook Shopping Center
ing forward and what would ÀQDQFLDOO\PDNHVHQVH The re-development will
include razing a large portion of the existing center and con- structing a mixed-use devel-
JUNE 27 - JULY 10, 2014
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WEST CHESTER, PA — Bradford Plaza, a 161,000 s/f community shopping center, has traded for $35.7 million, in a sale orchestrated by com- mercial real estate services ÀUP &XVKPDQ :DNHÀHOG·V 0HWURSROLWDQ $UHD &DSLWDO Markets Group . New York Life purchased the grocery- anchored asset. Cushman & Wakefield’s Karen Iman and *DU\*DEUL - HO EDVHGLQWKHÀUP·V3KLODGHO - phia and East Rutherford, New Jersey, offices, respectively, headed the assignment. “Retail properties – espe- cially those with supermarket anchors – continue to be a highly sought-after investment type in our region,” Iman said. “Chester County, located just outside of Philadelphia, has the highest average household income in the State of Penn- sylvania, making any asset that comes online here a prime target. In the case of Bradford Plaza, we had a substantial amount of interest from a range of potential buyers, in- cluding private entities, fund operators and REITs.” Located on 22 acres at 700 Downington Pike, Bradford Plaza serves as home to Giant Foods, the leading grocer in
SPOTLIGHT
9-14A
MARCUS & MILLICHAP ARRANGES SALE OF TWO TRACTOR SUPPLY FOR $6.7M IN VIRGINIA
Bradford Plaza
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or more than twenty-five years, Manko, Gold, Katcher & Fox has provided environmental, energy and land use law and litigation services.
Environmental Aspects of Site Development and Brownfield Redevelopment Site Remediation Under Federal and State Cleanup Programs
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Environmental Permitting and Licensing Environmental and Regulatory Audits Indoor Air Quality/Vapor Intrusion Consulting and Litigation
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Superfund and Cost Recovery Litigation
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18 + million square feet ARIZONA
INDIANA Warsaw The Market Place U.S. Hwy. #30 & Water St. JC Penney, Sears, Elder-Beerman, Pier 1 180,000 SF GLA KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market 243,000 SF GLA Anchor Space/Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot 139,000 SF GLA MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available Milford Kmart Shopping Center Medway St. & Beaver St. @ I-495 Kmart, Dollar Tree 140,470 SF GLA Future Expansion Space Available MICHIGAN Flint Former Kmart Dort Hwy. (Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available
MICHIGAN Sandusky Kmart Shopping Center
Mesa Kohl’s McKellips Road & Recker Road 95,279 SF GLA Part of Falcon View Plaza w/ Fry’s Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres Tolleson Freestanding Kmart West McDowell Road & North 86th Drive 86,479 SF GLA Semoran Blvd. (Hwy. 436) & Hwy. 17/92131,646 SF GLA Aldi, Deals Prime Corner/Junior Box Space Available Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. near Hwy. 436 153,650 SF GLA Gainesville Mixed Use – Grocery Store & Student Housing NW 13th St & University Avenue 1.74 Acres FLORIDA Fern Park Fern Park Plaza
M-19 & Gates Rd. 176,248 SF GLA Anchor Space Available Southgate Fort St. & Burns Ave. 60,800 SF GLA Freestanding Redevelopment Opportunity MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA 4.8 Acres Available for Development NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA 10,945 SF Outbldg. Available Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart 86,479 SF NEW JERSEY Jersey City 235 Orient Ave. ± 15,000 SF on 0.40 Acres Freestanding Redevelopment Opportunity / For Sale Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. 176,519 SF GLA Anchor Space Available Redevelopment Opportunity Mt. Olive Pad Sites Available Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 64,920 SF GLA 5,300 SF Pad Building Parsippany Whole Foods Shopping Center Route 46 (Bloomfield Ave.) & Cherry Hill Rd. Whole Foods Anchor, In-Line & Pads Available Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. New Development Anchor Space / Outlots Available NEW
26,000 SF Ground Floor Retail in Proposed 198,000 SF 8-Story Bldg ILLINOIS Downers Grove Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Up to 12,000 SF Outlot, B-T-S INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store 134,797 SF GLA
NEW
RD Management LLC
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
Real Estate Journal — June 27 - July 10, 2014 — 7A
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1 -( % 80%28-'
200 + retail projects NEW JERSEY Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available NEW YORK Cortland Future Development Route 13 & Bennie Road 26 Acres across from Walmart Deer Park Kohl’s Plaza NEW YORK Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office 21,212 SF GLA Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Muse Restaurant, Vitamin Shoppe, Subway OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad Columbus Great Western Commerce Center NEW NEW NEW
PENNSYLVANIA Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA Redevelopment Opportunity Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Twin Hills Drive Trees N Trends, Ryan’s Buffet 111,460 SF GLA TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA UTAH Salt Lake City VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available Winchester Freestanding Kmart S. Pleasant Valley Rd. & E. Jubal Early Dr. 88,479 SF GLA WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 410 S. 900 E. & 400 S. Freestanding Office Max New In-line Space & Pad Available
NEW
North Wilson Rd & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Lima Westgate Shopping Center Allentown Rd. (Rte.81) and Cable Rd. Former Kmart GLA 157,326 SF Redevelopment Opportunity Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block south of Navarre Ave. (Rte. 2) & Kmart OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 220,000 SF GLA / 9.82 Acres Available Carlisle Hanover Street (Route 34) & I-81 Home Depot, Chili’s 140,715 SF GLA 10,584 SF Future Expansion/Pad Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 79,200 SF GLA Anchor Space Available Future Expansion
Commack Rd. & Grand Blvd. Kohl’s, Super Stop & Shop 182,875 SF GLA Proposed Pad 3,800 SF Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA In-Line Space Available Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree / 94,826 sf GLA Anchor Space Available Latham/Colonie (Albany) Lake Ronkonkoma Lake Shore Plaza II
NEW
Kmart Shopping Center Route 7 & Swatling Rd. 118,863 SF GLA Up to 10,000 SF Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Wal-Mart, Home Depot, BJ’s, Target 687,716SF GLA Anchor Space & Outlots Available Future Phase III Office or Retail Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples 250,000 SF GLA/Pad Available Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Pads Available
230,000 SF GLA PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce
Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
RD Management LLC
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
8A — June 27 - July 10, 2014 — Shopping Centers — 1 -( % 80%28-'
Real Estate Journal
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S HOPPING C ENTERS
Assets were both on new 15 year leases Marcus&Millichaparranges sale of two Tractor Supply for $6.7m
INDUSTRIAL I OFFICE I RETAIL I INVESTMENT I MULTI FAMILY
S UFFOLK & DINWID- DIE, VA — Marcus & Millichap DQQRXQFHG WKH VDOH RI WZR QHZ FRQVWUXF - WLRQ7UDFWRU6XSSO\QHWOHDVHG SURSHUWLHV ORFDWHG LQ 6XIIRON DQG'LQZLGGLH9$ DFFRUGLQJ to Bryn Merrey UHJLRQDO PDQDJHU RI WKH ÀUP·V:DVK - LQJWRQ'& RIÀFH7KHDVVHWV ZHUHERWKRQQHZ\HDUOHDVHV DQG VROG IRU DQG UHVSHFWLYHO\ 7KHEX\HUDSULYDWHLQYHVWRU ZDVVHFXUHGDQGUHSUHVHQWHGE\ Joshua Ein and DavidWeber LQYHVWPHQWVSHFLDOLVWVLQ0DU - FXV 0LOOLFKDS·V:DVKLQJWRQ '&RIÀFH
Representing clients in the Central Pennsylvania region of: t Harrisburg t Carlisle t York t Lebanon t Lancaster t Hershey
20 Erford Road, Lemoyne, PA 17043 I 717-731-1990 I www.landmarkcr.com
PARSIPPANY, NJ — NAI James E. Hanson DQQRXQFHG that Kenneth Fioretti has Retail industry veteran Kenneth Fioretti joins NAI Hanson SHULHQFH LQ WKH DFTXLVLWLRQ GHYHORSPHQW OHDVLQJ DQG LQ - YHVWPHQWVRIVKRSSLQJFHQWHUV DQG IUHHVWDQGLQJ UHWDLO SURS - erties. He has represented QDWLRQDO UHJLRQDO DQG ORFDO RZQHUVLQYHVWRUVDQGWHQDQWV 0DMRUWHQDQWVLQFOXGHG6KRS - 5LWH :DOPDUW :DOJUHHQV :HOOV )DUJR +6%& 2ULWDQL %DQN 7UDFWRU 6XSSO\ 9H - UL]RQ 4XLFN &KHN 6XEZD\ 6XSHUFXWV+ 5%ORFN&KDVH %DQNDQG5REHUW:RRG-RKQ - VRQ )LRUHWWL·V EDFNJURXQG DOVR LQFOXGHVPDUNHW DQG GH - PRJUDSKLF DQDO\VLV IRU VLWH VHOHFWLRQDQGDWUDFNUHFRUGRI SURYHQVXFFHVVHVLQQHJRWLDWLQJ DFTXLVLWLRQV DQG OHDVHV IRU D variety of properties. LQJ DQG VHOOLQJ KXQGUHGV RI WKRXVDQGV RI VTXDUH IHHW RI UHWDLO VSDFH WKURXJKRXW 1HZ -HUVH\µVDLG:-RVKXD/HYHU - LQJ6,25VHQLRUYLFHSUHVLGHQW of NAI James E. Hanson. “We ZHOFRPH .HQ WR RXU PDUNHW OHDGLQJ UHWDLO WHDP DQG ZH DUH HVSHFLDOO\ SOHDVH KH ZLOO EH ZRUNLQJ IURP RXU 3DUVLS - SDQ\ RIÀFH +LV SDVVLRQ DQG H[SHUWLVH ZLOO EH H[WUHPHO\ YDOXDEOH DV ZH KDYH DOUHDG\ EHJXQ ZRUN WRZDUG IRUPLQJ QHZUHODWLRQVKLSVDQGFXOWLYDWH H[LVWLQJRQHVµ Kenneth Fioretti M R L QHG W KH f i rm a s a VDOHV DVVRFL - ate. ) L R U H W W L ZKR ZLOO EH based out of NA I Ha n - son’s Parsip- SDQ\ RIILFH
architecture & design
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inHabit, LLC provides architecture and interior design services. We bring a fresh perspective, creative energy, and a sense of collaboration to each of our projects.
Good design is our habit. Good business is our practice.
* Commercial * Education * Residential
* Hospitality * Restaurants
* Retail
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S HOPPING C ENTERS S POTLIGHT R ETAIL P ROFILES
Real Estate Journal — Shopping Centers — June 27 - July 10, 2014 — 9A
www.marejournal.com
1 -( % 80%28-'
Ward McMasters, P.E. President Earth Engineering Incorporated
Bobby Traynham President Rhino Realty Group Inc.
Bradley A. Rohrbaugh Vice President- Retail Bennett Williams Realty, Inc.
Peter Gallicchio President Remco Realty Group
Gregory C. Newell, PE President Nave Newell, Inc.
10A — June 27 - July 10, 2014 — 1 -( % 80%28-'
Real Estate Journal
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Prime Anchor Position Available! NEW - ROUTE 1 - RETAIL LINDEN COMMONS redevelopment of the former kmart
6,000 SF - 10,000 SF SPACES ALSO AVAILABLE
SMALL SHOP SPACE ALSO AVAILABLE ON THE END CAP
Excellent Visibility 1701 West Edgar Road (Routes 1 & 9) Linden, NJ
— 118,000 SF Redevelopment — Building is 201 Feet Deep — Over 6 to 1 Parking Ratio — Great Access to NJ Turnpike, Garden State Parkway and I-287 — Signalized Access
Demographics
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BKR will be at the ICSC Las Vegas convention at The Lamar Companies booth # S295 R St. featuring the New 120,000 SF Linden Commons, Linden, NJ Please call, Exclusive Leasing Broker: Matt Bloom, Managing Partner to schedule an appointment
440 West Street, Suite 4, Fort Lee, New Jersey 07024 Phone: (201) 292 - 4647 ext. 1 | Cell: (914) 391- 4949
Real Estate Journal — June 27 - July 10, 2014 — 11A
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1 -( % 80%28-'
EMPLOYEE OWNED. CL I ENT DR IVEN.
New York New Jersey Connecticut Massachusetts Pennsylvania Ohio Maryland Texas
www.blcompanies.com
An Employee-Owned Company
12A — June 27 - July 10, 2014 — Shopping Centers — 1 -( % 80%28-'
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R ETAIL P ROFILES
W ARD M C M ASTERS , P.E. P RESIDENT
B RADLEY A. R OHRBAUGH V ICE P RESIDENT -R ETAIL
NAME: Ward McMasters, P.E. TITLE: President COMPANY: Earth Engineering Incorporated LOCATION: Corporate Headquarters in East Norriton PA with offices in South Jersey, Lehigh Valley and Central PA TYPE OF FIRM: Geotechnical and Environmental Consulting & Design Firm EDUCATION: Drexel University - BS Civil Engineering Drexel University – MS Engineering Management FAMILY: Wife Teri, 22 year old son Ward, 20 year old daughter Emma and 15 year old son Cooper. TELL ME ABOUT YOUR COMPANY: Earth Engineering Incorporated (EEI) is celebrating our 24th year in business serving the tri-state and surrounding area. We offer a complete package of geotechnical and environmental services with a focus on problem solving and adding value to our client’s projects. In the project planning phase EEI provides geotechnical investigations which explore foundation and earthwork options to best meet the needs of the project with increased cost efficiency. Our environmental group focuses on the practical needs of our clients while making sure the regulations are being met. Our specialty design group offers wall design, shoring and many other specialty geotechnical designs with a comprehensive site review approach. Then during construction, our degreed staff conducts inspection and testing with a problem solving attitude that truly differentiates EEI. TELL ME ABOUT YOUR TEAM: EEI’s staff is composed of 85 professionals including 10 seasoned Professional Engineers and 5 Professional Geologists. Ev- eryone at EEI understands our mission of providing value centered service to our clients which allows us all to do our work with a friendly and professional attitude. THOUGHTS ON CURRENT MARKET OR INDUSTRY: I am very optimistic about the current market. I often view our geotechnical investigation work flow as a barometer of the industry, and the volume of projects in 2014 is highly encouraging. WHAT MOTIVATES YOU: To create a company that is made up of people focused on doing outstanding work and truly caring not only about the work, but each other. I truly believe that the culture of a company drives the way it performs, and I am responsible for building and maintaining that positive culture. PERSON YOU MOST ADMIRE CURRENTLY: My father (also Ward McMasters). The way I try to run EEI is a reflection of my father’s calm and concise way in which he handles everything. I owe whatever management skill I possess to him.
NAME: Bradley A. Rohrbaugh TITLE: Vice President- Retail COMPANY: Bennett Williams Realty, Inc. LOCATION: 3528 Concord Rd., York, PA 17402 TYPE OF FIRM: Commercial Real Estate EDUCATION: Spring Grove Area High School FAMILY: Wife Melissa & daughter Katelyn
TELL ME ABOUT YOUR COMPANY: Bennett Williams Realty, Inc. is a 60+ year old commercial real estate firm that is focused on the Central PA market, primarily founded on, and specializing in the sale and leasing of retail real estate. Although retail is a large part of our success at the firm, we handle all commercial real estate needs from industrial, to office, and land. With our team of 25+ executives, we can team you up with a professional that is specialized and experienced. TELL ME ABOUT YOUR TEAM: Bennett Williams Realty, Inc. has a team of 25+ executives each with their own specialty ranging from small inline retail leasing to multimillion dollar investment sales. Our firm’s professionals average 10-15 years experience in the industry, which ensures you get the level of profes- sionalism and experience you expect. THOUGHTS ON CURRENT MARKET OR INDUSTRY: Commercial Real Estate in Central PA has been trending upwards for the last few years, espe- cially in the retail sector. This is positive news for property owners. This uptick is primarily because retailers are back in deal mode, and with limited new construction in previous years and lack of new product, it has forced retailers to lease existing vacancies lowering our vacancy rates and increasing demand. This in turn will create a need for developers to build new product, putting land deals back in full swing. Investment sales have also seen continued growth with lending rates remaining low, which continues to push cap rates down for investment grade product. WHAT MOTIVATES YOU: My passion for the trade and the industry motivates me. I enjoy being an intricate part of the process that changes the landscape of a neighborhood. Developing the relationships, crafting the deal, and ultimately being a part of change that brings employment and new energy to a market is an invigorating experience.
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13A — June 27 - July 10, 2014 — Shopping Centers — 1 -( % 80%28-'
Real Estate Journal
www.marejournal.com
R ETAIL P ROFILES
P ETER G ALLICCHIO P RESIDENT
B OBBY T RAYNHAM P RESIDENT
NAME: Peter Gallicchio TITLE: President COMPANY: Remco Realty Group
NAME: Bobby Traynham TITLE: President COMPANY: Rhino Realty Group Inc. LOCATION: 2645A Carnegie Road, York, PA 17402 TYPE OF FIRM: Commercial Real Estate EDUCATION: York College of Pennsylvania FAMILY: Wife - Karen and Twin boys – Colton & Clayton TELL ME ABOUT YOUR COMPANY:
LOCATION: North Brunswick, NJ TYPE OF FIRM: Commercial Real Estate EDUCATION: High School FAMILY: Married with Three Daughters TELL ME ABOUT YOUR COMPANY:
Rhino Realty Group Inc. is a full service commercial real estate company specializing in tenant and landlord representation. Whether you are a large national retailer in need of detailed site selection services, a small manufacturing company looking to expand, or an individual owner of a single commercial property, Rhino Realty Group Inc. has the experience and knowledge to help you achieve your commercial real estate goals. TELL ME ABOUT YOUR TEAM:
Remco Realty Group is a comprehensive Real Estate Brokerage and Management firm, specializing in Highway Commercial and Retail Properties. Our servic- es include the sales and leasing of Free Standing Buildings, Liquor Licenses, Development Sites, Shopping Centers, Hotels,Self-Storage and Investment Sales. We provide Tenant Representation, along with site selection for National Retailers, Fast Food, Banks, and Restaurant & Daycare operators. TELL ME ABOUT YOUR TEAM: Denise Ouellette, accounts payable and tracks our receivables along with Frank Scerbo, graphics design team. Sales Team: Nicole Zeller, Joseph Marino and Mark DiGiovanni. THOUGHTS ON CURRENT MARKET OR INDUSTRY: The retail real estate market in general has picked up considerably. Our hard work ethic and commitment to providing the highest level of account- ability to our clients has been rewarded, as landlords and retailers employ our services on a repeat basis, throughout multiple markets. WHAT MOTIVATES YOU: I am highly competitive and have tremendous determination. I am just one of those guys who was born self-motivated. It also helps when you love what you do for a living. LIST OF RECENT PROJECTS OR PARTICULAR PROJECT SUCCESS: Recent transactions include; the leasing of 4,000sf to Water Wizard in Flemington, NJ, the leasing of 3,200sf to Sherwin Williams in Hillsborough, NJ, and the sale of 2 acres to New Jersey Tabernacle in Somerset, NJ. KEY TO YOUR SUCCESS IN 2014: Planning my day the night before and working that plan on a weekly basis. The most successful brokers that I know all have one thing in common. They are organized and have a daily, weekly and monthly “working plan” that they stick with.
Bobby Traynham, President Kevin Potter, Retail Specialist Becky Wagner, Executive Licensed Assistant Kathleen Gross, Marketing THOUGHTS ON CURRENT MARKET OR INDUSTRY:
The current market is still on the road to recovery from the recession with signs of improvement. Many markets across the country have recovered in regards to rents adjusting to pre-recession numbers and some even surpassing. Most of these are in urban settings. In general there is still a lack of new construction and new product in the secondary markets however there is a trend in redevelopment and conversion of older enclosed malls and C product. WHAT MOTIVATES YOU: My children’s college tuition and obviously the thrill of the deal. LIST OF RECENT PROJECTS OR PARTICULAR PROJECT SUCCESS: Flagship H&M New Orleans French Quarter Currently leasing the redevelopment of the West Manchester Town Center – York, PA
C OMMERCIAL R EAL E STATE
C OMMERCIAL R EAL E STATE
7,500 SF Retail/Commercial Building
Bobby Traynham, President bobby@rhinorealtygroup.com 717 885 5268 Direct
LEASING CONTACTS:
kevin@rhinorealtygroup.com 717 855 2068 Direct
West Manchester Town Center - York, PA
AVAILABLE RETAIL OPPORTUNITIES 1,200 SF up to 80,000 SF Available 1 to 3 Acre Pad Sites Available Join ...
Quality Center - Lancaster, PA
AVAILABLE RETAIL OPPORTUNITIES
1,000-14,000 SF Available
Join ...
Green Brook, NJ — Free-standing 7,500 s/f Retail/Commercial building, formerly home to National Pools & Spas for sale or lease. The property features a large pylon sign, 30 car parking, and large rear yard for storage. *Additional Property Bonus* includes a 7,500 s/f basement, with bathrooms and 2 drive-in loading docks, that may be leased out separately, making this property a great opportunity for a User / Investor seeking to purchase and collect rent. The site is located on the thriving Route 22 corridor, with demographics that include a population of over 94,000 within a 3 mile radius, earning over $93,000 of median household income.
Fraser Centre - DowntownStateCollege, PA
AVAILABLE RETAIL OPPORTUNITIES 17,000 SF +/- Retail - Calder & Fraser St. Entrance Up to 24,700 SF +/- Retail - West Beaver St. Entrance 6,600 SF +/- Restaurant Opportunity 18,000 SF Retail FOOD HALL
For more information contact: Peter Gallicchio (732) 253-0888 | pgallicchio@remcorealty.net www.remcorealty.net
Join Nearby ...
RHINO REALTY GROUP INC. 2645A Carnegie Road York, PA 17402 P: 717-650-6729 rhinorealtygroup.com
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