Mid Atlantic Real Estate Journal — July 13 - 26, 2012 — A
www.marejournal.com
M id A tlantic R eal E state J ournal 100 Franklin Square Drive in Somerset, NJ Jones Lang LaSalle’s Straka facilitates 108,410 s/f sale S
GENERAL CONSTRUCTION
Commercial • industrial • Residential
OMERSET, NJ — Jones Lang LaSalle represented Pacific Controls Inc. in the acquisition of 100 Franklin Square Dr., a 108,410 s/f office building in Somerset. Jones Lang LaSalle senior vice president Shawn Straka represented Pacific Controls in the transaction. They intend to occupy vacant space on the top two floors of the class B property, which is currently 33 percent leased. “It’s extremely encouraging to see a company such as Pa- cific Controls — a global pro- vider of cloud computing ser- vices for energy management — make the decision to invest in New Jersey,” Straka said. “The company, which already occupies space in Somerset, was attracted to 100 Franklin Square Drive due to its prime location and access to a highly educated work force.” 100 Franklin Square Drive is located close to I-287 and Routes 22, 28, 202 and 206. n St. Davids, PA — While most real estate brokers are not willing to share their success with competitors, real estate broker Brett Furman did just that. Furman shared his secrets of success and why his short sales are 85% successful. Fur- man shared his success story to help stabilize the neighborhoods that he works in and help re- duce the local foreclosure rates. “I knew that my lecture would make a huge difference. I am committed to doing anything for my clients and community that will help improve the real estate market,” said Furman. The lecture included the re- sults from a five month short sale study that he conducted with the help of a Villanova intern. The study analyzed troubled real estate in Chester, Montgomery, DE and Philadel- phia County. “I noticed that the suburban Philadelphia market experienced this fragility late in the game,” said Furman. “Suburban Philadelphia may have been the last market in the country to be affected. However, our real estate market is one of the most stable markets in the country. When market values are improving we never get the spikes and when the market softens we don’t experience the rapid declines.” n RE/MAX broker shares success secrets with competitors
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100 Franklin Square Dr.
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