7-26-13

R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 25 Issue 14 July 26 - Aug. 15, 2013 Architects & Engineers Spotlight

Cushman & Wakefield and CBRE ink deals Katz Properties acquires two shopping centers for $52.5 million

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O S E D A L E , MD AND EAST LONG- MEADOW, MA —

Washington, DC. The company also owns the Deer Park Center in Randallstown, MD, which it acquired in 2010. Kaufthal continued, “We are pleased to strengthen our ties to the Baltimore county com- munity through this acquisition and plan to acquire more shop- ping centers in the region.” Mortgage financing for both deals was arranged by Tim Breda of Goedecke & Co. Heritage Plaza was financed by Sentinel Investments behalf of National Life of Vermont. Fi- nancing for Golden Ring Plaza was provided by AIG Global . For Heritage Plaza, Cush- man & Wakefield’s Capital Markets Group , led by Geoff Millerd, Justin Smith and Rob Griffin represented both Katz Properties and the seller in the transaction. For Golden Ring Plaza, both buyer and seller were repre- sented by the CBRE team of R. William Kent and Gary S. Lawrence . ■

Katz Properties has acquired Heritage Plaza in East Long- meadow, MA and Golden Ring Plaza in Rosedale, MD. The single-day transaction, valued at $52.5 million, continues a consistent growth pattern for the company. Heritage Plaza shopping cen- ter in East Longmeadow, MA is a 116,840 s/f supermarket anchored shopping center. Heritage was purchased for $28,450,000 and is 98% oc- cupied, primarily by a 55,573 s/f Stop & Shop supermarket, a 9,389 s/f Party City, a 7,900 s/f Dollar Tree and a 4,800 s/f Panera Bread. Golden Ring Plaza, located in Rosedale, MD is anchored by a 55,330 s/f Giant supermarket and a 25,195 s/f Marshalls. The site is 13 acres and was purchased for $24 million. Daniel Katz , a principal of Katz Properties said, “One of

9-20B

Golden Ring Plaza in Rosedale, MD

our first grocery anchored deals ever was across the border from East Longmeadow in Enfield, CT and we’ve been looking for more opportunities in this mar- ket ever since. This center and Golden Ring Plaza inMaryland both have market-leading gro- cers and an excellent mix of other retailers.” Daniel Kaufthal , a prin- cipal of Katz Properties, said, “We are glad to be returning to

two markets we know well and have had success in. We con- tinue to look for opportunities to purchase grocery anchored retail and add to our growing portfolio.” In fact, last year Katz Proper- ties acquired three grocery an- chored shopping centers in the Metro DC area: Westgate Shop- ping Center and Festival Shop- ping Center, both in Manassas, VA, and East River Park in

Celebrates 90 Years 14-16B

Three, multi-tenant buildings in the Baltimore-Washington corridor MIM-Hayden Real Estate Funds acquires 705,000+ s/f industrial portfolio

26B

Brokerage Directory Spotlight

CONSHOHOCKEN, PA — Miller Investment Man- agement and Hayden Real Estate Investments, partners in MIM-Hayden Real Estate Funds , have announced the

Section C

Directory

8210 Wellmoor Ct., Jessup, MD

9325 Snowden River Parkway, Columbia, MD Fund’s addition of three indus- trial properties strategically located in the heart of the Inter- state 95 Baltimore-Washington corridor. The properties, located at 8210 Wellmoor Court, Jessup, MD (108,480 s/f), 4615 Hollins Ferry Rd., Halethorpe, MD (121,825 s/f) and 9325 Snowden River Parkway, Columbia, MD (475,074 s/f), total just over 705,000 s/f and are nearly fully leased.

4615 Hollins Ferry Rd., Halethorpe, MD

Owners, Developers & Managers..Section B Green Buildings ............................ 21-26B Shopping Centers ......................13-24C

“This portfolio’s location, the buildings’ highly competitive industrial uses and the limited availability of similar assets in such a highly desirable growth market make these properties ideally suited to the Fund’s investment strategy,” said H. Scott Miller , managing part- ner of Miller Investment Man- agement and a MIM-Hayden Funds Principal. Anthony Hayden , principal of both Hayden Real Estate

Investments and MIM-Hayden Real Estate Funds, added, “This acquisition gives the Fund a significant presence in the Baltimore Washington corridor with one transaction. It continues to strengthen our chosen footprint that extends from the greater Philadelphia area south through the area surrounding Washington DC. We are very pleased to have brought this transaction to a successful close quickly.” ■

Upcoming Spotlight August 16 2013 MULTIFAMILY FINANCING

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