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

ISSUE HIGHLIGHTS Volume 25 Issue 2 Jan. 25 - Feb. 7, 2013 Project of theMonth at Dewey Beach, DE

Reece Crossings at Fort Meade in Maryland Picerne Military Housing enters prs. with US Army to build $72m apts.

ORT GEORGE G . MEADE, MD — Picerne Military Housing, a di- vision of Corvias Group , a privately-owned, vertically-in- tegrated real estate solutions group, announced today that it has closed on a $72 million public-private partnership deal designed to give more than 1,400 junior enlisted single service members a choice to live on post at Fort Meade. Named Reece Crossings, the development will break ground this month with anticipated completion of the first apart- ment building and clubhouse December 2013. Reece Cross- ings is the U.S. Army’s first- ever privately-developed, on- post garden-style apartment community for unaccompanied junior enlisted soldiers, sailors, airmen, marines and coast guardsmen. “Thanks to our innovative public-private partnership arrangement, this project will be built at no cost to the Army, and will greatly improve the F

May 2008 and secured a lease with HMart. Over the course of the following three years, the borrower embarked on a campaign to expand and rebrand the center, which has outstanding regional ac- cess and visibility from the heavily travelled Rte. 27 and Plainfield Avenue. Festival Plaza has become a retail destination and draws from an affluent, densely populated trade area and has a tenant roster boasting of a diverse lineup of quality retailers, most of which are Asian-inspired. Festival Plaza is located in the 24th largest of the retail markets tracked by CBRE Econometric Advisors. Ap- proximately 280,000 people live within five miles and more than 100,000 vehicles pass through the area on a daily basis. ■ “Through our partnership with Picerne, we will be able to deliver this groundbreaking project that will give our single service members the high-qual- ity homes they deserve,” said Colonel Edward Rothstein, Garrison Commander at Fort Meade. “These apartments are not something we could build on our own with our dwindling resources. This new community will improve the military expe- rience for our unaccompanied junior enlisted troops, giving them the opportunity to live on post, close to the community, work and training resources here to support them.” ■ living at Reece Crossings will also enjoy private master suites which include individual bath- rooms, walk-in closets, person- al climate controls, and private climate-controlled secure stor- age for military gear. Apart- ments will come furnished with a sofa, media cabinet and coffee table, in addition to a queen- size bed, desk and night stand in each bedroom.

HyattHotel-condo. project underway


Reece Crossings

quality of life for young, single service members,” said Corvias Group president and CEO John Picerne . “When com- pleted, I believe that Reece Crossings will help reshape expectations about what hous- ing for young, single service members can and should be. In addition to improved living conditions, community-based, on-post housing has the ability to provide young service mem- bers with the much-needed support, mentorship and ca- maraderie of their peers and

commanders.” Reece Crossings is a mod- ern apartment community comprised of 432 one- and two-bedroom apartments with 816 beds. The project will of- fer 1,126 s/f one-bedroom plus den and 1,186 s/f two-bedroom apartments. The apartments will feature large kitchens with a breakfast bar and full- size appliances, spacious living rooms, a laundry room with washer and dryer and free cable, high-speed Internet and utilities. All service members

Economic Development Spotlight Section B Mid Atlantic R EAL E STATE J OURNAL S POLIGHT Economic Development InDelaware,we recognize,atall levelsofgovernment, thevalueand importanceof thecommercial realestate market in recruiting companies to theFirstState.We appreciate thecollective roleyouplay inoureconomic development.Delaware is the legalhome tomore than 900,000businessentities, includingmore than50%of allU.S.publicly tradedcompanies.Companieschoose Delawarebecauseweprovideacomprehensivebusiness environment,modernandflexiblecorporate tax laws, a highly respected judiciary, a business-friendly state government and a superior customer service-oriented staff in theDelawareDivision ofCorporations. D ELAWARE N EW J ERSEY ICSC 2013 Mid-Atlantic Conference & Deal Making Program February 19 – 20, 2013 GaylordNational Resort&ConventionCenter National Harbor, MD Shopping Centers Spotlights Dear Friends: Iampleased toaddresscommercial realestateprofes- sionals throughout theMidAtlantic States in this issue of theMidAtlanticRealEstate Journal. Under the oversight of LieutenantGovernorKim Guadagno, theNew Jersey Partnership forAction has made tremendous strides in revitalizing our state’s economy. The Partnership’s three agencies -ChooseNew Jersey, the BusinessActionCenter and the EconomicDevelopmentAuthority - have attracted new business and helped existing busi- nesses thrive by focusing on relationship building andperson topersonoutreach,promoting the state’s GovernorChristie GovernorMarkell

MidAtlantic RealEstateJournal—EconomicDevelopment—January 25 -February7, 2013—25A


CBRE completes $36million loan for grocery- anchored retail center in Edison, New Jersey

Creating and expanding business and job opportunities inDelaware is one ofmy top priorities asGovernor.When Imeetwith business leaders, I ask onequestion:how canwe facilitateyour success?Often, the answers focuson creating an environmentwhere businesses feelwelcomed and supported and theiremployeescan liveandworkandenjoyagreatqualityof life.That’swhat we’re focused on inDelaware. I look to your continued success as an industry and extendmy regards to the commercial real estate professionals ofDelaware,Maryland,New Jersey and Pennsylvania. I encourage you to visitDelaware and talk to us aboutwhat Delawareuniquelyoffersbusinesses and families, aswework together tokeep Delaware – and the entireMid-Atlantic region –moving forward. Sincerely, JackA.Markell Governor

incentivesand resources,developingpro-growthpoliciesandassistingbusinesses in navigating state government and programs. In addition, we have reduced administrative red tape, restrictivemandatesandprohibitive taxes tomakeNew Jersey’s business climatemore favorable. As theGardenState recovers from the devastation ofSuperStormSandy, I am encouragedby the resolveof itscitizensandbusinessowners.New Jerseyanshave endured and I am confident thatwewill rebuild - stronger and better than ever. I look forward toworkingwith all those affiliatedwith the real estate profession on investing in our shared future. Bestwishes to all for a successful year.

Sincerely, ChrisChristie Governor



SADDLE BROOK, NJ — James Gunning and Donna Falzarano of CBRE New Jersey’s debt & equity fi- nance group recently secured a $36 million loan for Fes- tival Plaza, a repositioned grocery-anchored retail cen- ter, anchored by H Mart, an

Virginia:Open forBusiness The Commonwealth of Virginia was founded as a business venturemore than 400 years ago, and that legacy continues today asVirginia remains the top state in which to do business, as rated by several independent industry publications. Virginiacontinues toearnaccoladesandattractbusi- nesses fromaround thecountyandaround theworld because of our pro-business environment that offers lower operating costs, a stable six percent corporate income tax that hasn’t increased since 1972, prop- erty tax exemptions, a highly skilled and available workforce, strategic location at theheart of theEast Coast,andoneof the lowestcombined state/local/use

It ismypleasure toextendmybestpersonal regards and appreciation to the real estate professionals of theMid-Atlantic Region. I commend you for contributing to thevitalityof theCommonwealth’s economyand forworking towardsamoreprosper- ous future forPennsylvaniaandourneighbors.The Commonwealth remains committed to economic growthand jobcreation forour state’scitizens.My administration recognizes thatgrowing theprivate sector is theonlyway to accomplish these goals. I



taxes at fivepercent. Virginiaalsooffersavarietyofperformance-based incentives that ituses toattract and retain business investments and to attract new jobs to theCommonwealth. From taxcredits to taxexemptions,Virginiacontinues todemonstrate itswilling- ness to invest in thosewho invest and reinvest in theCommonwealth. Virginiahasoneof thecountry’smost technicallyadvanced,on-line site selection search tools—VirginiaScan.VirginiaScan allows companies to search a database ofmore than 1,800 qualified sites and buildings across theCommonwealth. In addition to site and building specifications,VirginiaScan enables companies to search for an ideal business location usingVirginiaworkforce statistics, existing businessdata and ahostofother information that isdriving today’sbusiness site- selection process. Sincerely, BobMcDonnell,Governor

am confident that you sharemy passion for creating economic growth and I look forward to continueworkingwith you in the years ahead tobetter serve Pennsylvania’s citizens andmakeour region anattractiveplace forbusinesses to grow and succeed.AsGovernor, andonbehalfof allPennsylvanians, I am pleased toextendmybestwishes to the realestateprofessionalsofPennsylva- nia,Delaware,Virginia andNew Jersey for continued success in growing the economy in our state and our region. Sincerely, TomCorbett,Governor



Green Buildings ............................ 5-9A Calendar of Events......................... 10A Owners, Developers & Managers.. 11-21A Economic Development............ 23-32A Shopping Centers ..................Section B

Asian grocer and located in one of the state’s strongest retail markets. The transaction refinanced an acquisition and construc- tion loan for the 151,429 s/f site at 1711-1783 Rte. 27 in Edison, New Jersey. The financing, which has a five-

year term with a floating interest rate at 275 bps over Libor, was secured through Capital One. The borrower, a partner- ship of Lubert Adler and McCarthy Properties , purchased the former Tops- anchored shopping center in

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Inside Cover A — January 25 - February 7, 2013 — Mid Atlantic Real Estate Journal


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Mid Atlantic Real Estate Journal — January 25 - February 7, 2013 — 1A


Doing it Right

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Left : Campbell Soup World Headquarters, Camden, NJ; Top Right : Meadowlands Hospital, Secaucus, NJ; Bottom Right : Mack-Cali Realty Corp, King of Prussia, PA

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A — January 25 - February 7, 2013 — Mid Atlantic Real Estate Journal


Mid Atlantic R eal E state J ournal Publisher ............................................................................Linda Christman Section Publisher ................................................................Elaine Fanning Section Publisher ..................................................................Andrew Hicks Section Publisher ....................................................................Steve Kelley Senior Editor/Graphic Artist ................................................ Karen Vachon Graphic Artist/Social Media Specialist ............................ Rachel Rugman Office Manager ....................................................................Joanne Gavaza Editorial Consultant .............................................................. Ben Summers Contributing Columnists ................................................... Leo Leyva, Esq. Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 2 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

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f the end of 2012 is any indication, then the com- mercial real estate market is certainly on the upswing. Was the increased volume of commercial real estate transac- tions because of the fear of the fiscal cliff or a sign of things to come? It was likely both. While the increased activity in the commercial real estate market at the end of 2012 and the rush to close deals before December 31st can be attributed to the threat of the fiscal cliff and the potential tax consequences, which all were anticipating, it also showed that there are deals to be made and investment opportunities worth pursuing. In all likelihood, the growth will not continue at the rate we experienced at the end of 2012. Recovery will be slow, but will most likely continue. Because new construction has been somewhat stalled over the past several years, apartment, office, industrial and retail va- cancy rates appear to be on the decline. This drop in vacancy rates has led to increases in rents and if the demand in- creases, it could also lead to new construction. Since the “Great Financial Recession” began, investors have been cautious about where to allocate their capital. Now that the market has shown slow but somewhat steady im- provement, investors are more inclined to allocate that capital to real estate assets. We have seen this primarily with our private equity and investment I

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fund clients, who were holding onto their funds or investing in other markets, but now they have turned their focus back on the real estate market. This renewed interest in the real es- tate market can be attributed to the income-producing possibili- ties and potential for a greater rate of return based on the re- cent showing of increased rents which has been brought about by decreased vacancy rates. In addition, because last year was an election year and the fiscal cliff was looming, many investors were extremely cau- tious regarding their overall investment strategies. Now with the election behind us and the fiscal cliff averted, at least for now, investors may be willng to make long-term plan- ning and strategic decisions, knowing there will be another four years under the Obama Administration. The commercial mortgage- backed securitization market also started making a come- back near the end of 2012, and although the threat of the fiscal cliff loomed, the desire for yield over less risky bonds seemed

to outweigh the fiscal cliff con- cerns. Considering commercial mortgage-backed securities (CMBS) are delivering higher yields than those offered by U.S. Treasuries or other forms of government backed invest- ments, the resurgence of the CMBS market should con- tinue into 2013, resuming the confidence behind commercial real estate assets remaining strong. With interest rates holding steady at all time lows, mez- zanine loans have also once again become attractive to senior lenders and borrowers. While many senior lenders generally continue to cap their loan-to-value ratios at no more than about 70%, mezzanine debt has once again become necessary to complete many deals. The lower interest rates on first mortgages has made it affordable for borrowers to obtainmezzanine financing and attractive for senior lenders to deploy capital without selling off interests. While there are a number of positive signs in the economy, continued on page 22A

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M id A tlAntic R eAl e stAte J ouRnAl S Uranowitz & Follman represent seller in $10.55m sale Gebroe-Hammer arranges $19.5 million in sales P R I N G L A K E HEIGHTS, NJ — Jer- sey Shore multi-family

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properties and their intrinsic value continue to attract in- vestors to Monmouth County where Gebroe-Hammer As- sociates arranged the $10.55 million sale of Heights Manor in Spring Lake Heights. The brokerage team of president Ken Uranowitz and VP Ste- ven Follman represented the seller and identified the buyer for the 79-unit garden-apart- ment complex located at 1911 Greve Ave. “Monmouth County offers ideal demographics and has emerged as one of the most desirable places in New Jersey to live and work,” said Follman, area market specialist. “Here, and statewide, many long-term owners are now coming to mar- ket, as they realize the window is closing on favorable capital gains treatment, and investors are taking advantage of sub four percent interest rates to finance their acquisitions.” Legal counsel was provided by Joseph Basralian, Esq. of Winne, Banta, Hethering- ton, Basralian, & Kahn, PC on behalf of the seller, and Al- len Popowitz, Esq. of Brach Eichler LLC for the buyer. In a separate transaction, Follman recently recorded As- bury Parks’ latest apartment- building trades involving the $6.9 million sale of Kingsley Arms and the $1.775 million sale of 23 units at 510-512 Fifth Ave., in the heart of this community. “Asbury Park is just one of several Monmouth County mu- nicipalities that has undergone significant redevelopment, resulting in high demand for multi-family investments and apartment-rental units,” said Follman. In Asbury Park, he also recently orchestrated two REO transactions in which he represented a prominent multi- billion dollar global private-eq- uity fund. According to Follman, the 98- unit KingsleyArms transaction is testimony to the reemerging strength of the city’s apartment market. “This building had been unsuccessfully marketed for years by other brokerage firms, but once Gebroe-Ham- mer was awarded the exclusive, we were able to generate a great deal of investor interest and procure the right buyer,” he said. “A substantial renovation effort is planned by the private

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A — January 25 - February 7, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions Mid Atlantic R eal E state J ournal N e w J e r s e y • P e n n s y lva n i a • D e l awa r e • M a ry l a n d • W a s h i n g t o n D . C . • V i r g i n i a • Auctioneers Directory NJ-PA-DE-NY-MD-VA DE, PA, NJ PA-MD-VA-W.VA

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NJPA G reen B uildings

Mid Atlantic Real Estate Journal — Green Buildings — January 25 - February 7, 2013 — A


The latest project in a long list of eco-friendly initiatives Hartz Mountain’s Osprey Cove residential development secures Leed Silver Certification


ECAUCUS, NJ — Os- prey Cove, Hartz Moun- tain’s luxury residential building at 45 Meadowlands Parkway just received its LEED Silver certification. The 116 unit development is the latest project in a long list of eco-friendly initiatives that also includes rooftop solar paneling on 13 buildings in Secaucus, and a solar ground array in Hamilton, NJ. Osprey Cove is the result of the developer’s efforts to complement the shore of the 13,000 acre Meadowlands es- tuary preserve to the building by using recycled materials where possible, and featuring an on-site recycling program, motion sensors on all light- ing in common hallways and elevators, and energy-efficient appliances in all units. The ecological recovery of the surrounding Meadow- LOWER MAKEFIELD TOWNSHIP, PA — Matrix Development Group , one of the Northeast’s most active and well-regarded real estate investment and development companies, announced that a 12,000 s/f medical office build- ing in Bucks County, that the company developed for Lower Bucks Pediatrics was recently awarded Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council (USGBC). The distinction is designed to promote design and con- struction practices that in- crease profitability while reducing the negative envi- ronmental impacts of build- ings and improving occupant health and well-being. The building is located within Matrix Development’s Octagon Center, a mixed- use master-planned com- munity that includes retail and residential components, and covers 186 acres in Low- er Makefield Township and Middletown Township. Lower

lands was spearheaded by Hartz Mountain Industries, and includes the newly reno- vated Snipes Park located adjacent to the building, and the waterfront at Laurel Hill Park. “Our desire to get a LEED Silver distinction for Osprey Cove was both ecological and economical,” said Emanuel Stern, president and COO of Hartz Mountain Industries. “It speaks to our company’s core belief that we can be kind to the earth, and it saves us and our residents money in the long term.” Since Hartz began welcom- ing residents in June 2012 the apartments, have been rented, proof of the ever-grow- ing ecologically-minded renter demographic. The building management team is led by Roseland Man- agement Co. n also provides the most ideal environment for dedicated patient care, and I believe that we have been successful in this effort,” said Dr. Auren Weinberg of Lower Bucks Pediatrics. “Achieving LEED certification improves the health of our patients, fami- lies and staff members, while increasing the investment value of our building, and it is our hope that this facility will serve as a model for other medical office properties.” Matrix Development Group acquired the Octagon Center property in December 2006 and worked with appropri- ate government agencies and consultants, as well as township leaders, to ensure the successful development of the community. The prop- erty is easily accessible to Interstate 95 and Route 1 via Oxford Valley and Big Oaks Roads. The development was designed to feature passive recreation attractions, includ- ing walking trails, as well as a full-service community center. n

Osprey Cove

Matrix Development Group collaborates with Barton Partners to achieve LEED certification on 12,000 s/f MOB

practices. Ultimately we were able to identify a solution to deliver a dynamic facil- ity that is environmentally responsible while providing Lower Bucks Pediatrics with significant cost savings on energy consumption.” Matrix collaborated with architecture and planning firm Barton Partners on the process to achieve LEED certification, which has re- sulted in significant operating efficiencies for the building, including a 30-percent reduc- tion in water use as compared to the USGBC baseline, as well as the incorporation of additional thermal comfort controls for more than 50 per- cent of the building, allowing the owners to regulate energy usage more efficiently. Addi- tionally, the building’s HVAC system design is expected to achieve energy cost savings of at least 35 percent compared to the USGBC baseline. “We had to find the deli- cate balance of creating a best-in-class, energy-efficient medical practice facility that

12,000 s/f medical office building in Bucks County

Bucks Pediatrics, a family- oriented pediatric medical practice, purchased the build- ing fromMatrix in 2011 upon its completion. “Medical office facilities, and pediatric offices in partic- ular, use a significant amount of energy and water due in part to the individual HVAC controls and sinks in each examination room, present- ing challenges to the creation

of an energy-efficient work environment,” said Richard F.X. Johnson , senior vice president of Matrix Develop- ment Group and head of the company’s renewable energy services division. “From the beginning, Lower Bucks Pe- diatrics was determined to make this an energy-efficient property, which is in line with Matrix’s own commitment to sustainable development

A — January 25 - February 7, 2013 — Green Buildings — Mid Atlantic Real Estate Journal


G reen B uildings

Creating the perfect environment

anhattan, NY — GSH Group , a multi-national facili- To provide its EnergyPlus service at 385 Fifth Ave. Hilson Management Corp. awards GSH with contract M

• MEP Design • Sprinkler Design • Commissioning • Energy Conservation and incentives

program. 385 Fifth Ave., located in the Murray Hill Submarket, is a 100,000 s/f office and retail building. Jason Schwalbe , vice presi- dent of Hilson Management Corporation said, “All of the tenants at 385 Fifth Avenue will benefit from GSH Group’s energy program, which results in enhanced comfort conditions within the facility. Hilson is looking forward to raising the green profile of the building and minimizing our carbon footprint in 2013 and beyond.” David Galante , account executive of GSH Group com- mented, “This is a wonderful beginning to a long relationship with Hilson Management Cor- poration. GSH is happy to have clients that are as committed to achieving energy efficiency as we are.” n

ties and energy management provider throughout the United States and Europe, announced that it has signed an agreement to provide its EnergyPlus, en- ergy conservation services, to a property managed by Hilson Management Corporation , located at 385 Fifth Ave. As part of GSH’s EnergyPlus program, the company con- ducted a thorough study of the facility including a site survey and utility consumption analy- sis. GSH determined several energy conservation measures it will carry out with its in- house mechanical team, mainly the installation of a Trend building automation system to monitor and control the me- chanical systems. GSH’s energy management teamwill provide Mechanicsburg, PA — Jonathan Rinde , a partner with Manko, Gold, Katcher & Fox, LLP (MGKF) will par- ticipate in a panel on Tuesday, Feb. 19, 2013 Wednesday, Feb. 27, 2013 in Center City Phila- delphia on “Current Issues in Stormwater Regulations” for Lorman Education Ser- vices. Rinde’s portion focuses specifically on Pennsylvania’s stormwater regulations from a land development perspective, including the legal perspectives to Chapter 102 regulations, permit requirements, compli- ance and enforcement, storm- water resulting from Marcel- lus shale activities, as well as future trends in stormwater regulation. In other news, High school

PO Box 782, Voorhees, NJ 08043 P: 856-988-1890 Email: info@gilbeauxassociates.com www.gilbeauxassociates.com Contact: Jeff Gilbeaux

continuous energy monitoring and adjustments to ensure optimal efficiency throughout the lifetime of the contract. GSH predicts a reduction of 143 tons of carbon emissions each year with its EnergyPlus 385 Fifth Avenue, New York


Manko, Gold, Katcher & Fox, addresses current issues in stormwater regulation and participates in YMCA program

Jonathan Rinde

Bridget Dorfman

John Kirk

students who are participants in the YMCA’s Black Achiev- ers Program learned firsthand about “green and sustain- able” careers from members of MGKF. Attorney Bridget Dorfman , the firm’s director of administration, John Kirk , and co-operative student intern Sean O’Donnell presented the program at Drexel’s LeBow

Engineering Center for Auto- mation Technology. The YMCA Black Achiev- ers program is an academic achievement/career develop- ment initiative purposed to help teens of color set and pur- sue high educational and career goals, resulting in graduation and acceptance to an institu- tion of higher learning. n

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Mid Atlantic Real Estate Journal — Green Buildings — January 25 - February 7, 2013 — A


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A — January 25 - February 7, 2013 — Green Buildings — Mid Atlantic Real Estate Journal


G reen B uildings

Serving as general contractor for Georgetown project Emory Hill builds new Royal Farms to LEED certification


EORGETOWN, DE — Emory Hill & Co. was the general

Philadelphia , PA — Lonnie Barish of New America Power announced a partnership with the YMCA of Burlington and Camden coun- ties to act as an energy procure- ment consultant. Tasked with reducing costs, New America Power was able to decrease the YMCA’s bill by 20%. New America Power was able to tap into their network of energy providers to garner preferred wholesale pricing that resulted in significant savings. With a recent deregulation in the energy market, hom- eowners, businesses and or- ganizations have more control over their energy investment decisions. These new regula- tions allow for a greater range of energy options. As a broker, New America Power has an ability to negotiate through relationships with the larg- est and most reliable energy providers giving it greater buying power. The result is a very economical supply ar- rangement that ranges from 10 to 30% reduction in costs. In addition to YMCA’s cost reduction. n NewAmericaPower makes energy deal for YMCA in SNJ Even without a federal, state or local mandate to use sustain- able building standards, Royal Farms committed to spend the extra time and money to build Georgetown, using the U.S. Green Building Council’s rigid guidelines for LEED certifica- tion of buildings. In 2011, 24 Royal Farms have received, or are in the process of receiving, LEED Certification. n and Co. The Georgetown Royal Farms was constructed in accordance with the state-of-the-art, strin- gent energy and water efficien- cy standards set forth by the U.S. Green Building Council’s LEED rating system. The Royal Farms LEED construction standard was developed by Lo- rax Partnerships . That stan- dard includes using low VOC paint and energy efficient light fixtures throughout the store; building materials containing recycled content which come from within a 500-mile radius to reduce the carbon footprint of the building; and the diver- sion of construction waste from landfills.

c o n t r a c t o r for the new Royal Farms, which recent- ly celebrated i t s g r a n d opening. The store, located at the corner of Rtes. 113 and 404.

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Mid Atlantic Real Estate Journal — Green Buildings — January 25 - February 7, 2013 — A


Letter from the Executive Director

Dear Friends and Colleagues:

As we start off 2013, many of us are looking at 2012 and thinking about how to make this a better year. Many of us in are focusing on the question “How do we better prepare for the impacts of severe weather, such as last fall’s Superstorm Sandy?” As a recent USGBC blog by Clay Nesler (Vice President, Global Energy & Sustainability, Johnson Controls, Inc.) put it, “This extreme event placed a heavy burden on those affected and was a test of how well these buildings were designed and operated. The results were mixed.” According to analysis of aerial imagery by the Federal Emergency Management Agency, nearly 72,000 buildings in NJ were damaged by Sandy, with more than 500 of those considered “destroyed.”

BOARD OF DIRECTORS CHAIR Anastasia Harrison, AIA, LEED AP Gensler VICE CHAIR Wayne D. DeFeo, LEED AP DeFeo Associates TREASURER Ed Seliga Advanced Solar Products, Inc. SECRETARY RJ Donnelly, LEED AP Donnelly Industries, Inc. PAST CHAIR WilliamAmann, P.E., DCEP, LEEDAP M & E Engineers, Inc DIRECTORS David Cardella Cardella Waste Services Zach Gallagher, P.E., LEED AP NJ Meadowlands Comission Joe Porrovecchio, LEED AP, CRM Carbon-Key, LLC Paul Qvale, LEED AP Hillmann Group Lisa San Filippo, AIA, LEEDAP, BD&C Turner Construction Co. Faith Taylor Wyndham Worldwide Andrew Topinka, CPMR Technical Group Services, Inc Ed Walsh, P.E. The Walsh Company Gregg Woodruff, PP, AICP, LEED AP, BD&C Langan Engineering & Environmental Services, Inc. EXECUTIVE DIRECTOR Florence Block Alliance Environmental, LLC Bill Gates, LEED AP BD&C Hunt Construction Anthony Marano Marano Group, Inc. Brad Miller, P.E., P.P.


On the topic of lessons learned, Nesler suggests that “moving forward, we should consider

three overall objectives of building resilience:

1. Reduce the initial damage to building systems and infrastructure. 2. Improve the reliability of emergency backup systems.

3. Have buildings support limited critical services for extended periods of time. 4. Designate and upgrade select buildings to provide critical community services. 5. Use passive design principles to increase building resilience. 6. Use distributed generation and microgrids to increase community resilience.

As Nesler so eloquently and accurately states: “Many of us involved in designing and operating the built environment have been promoting the environmental, economic and social benefits of more efficient and sustainable buildings for decades. There have also been strong voices in the sustainable energy industry calling for the greater use of renew- able energy, distributed generation and district energy systems as a more cost effective and environmentally sound approach to meeting future energy needs. As we learned in Superstorm Sandy, many of the same design and operational principles that lead to greater sustainability can also lead to greater resilience. As if improving efficiency, reducing costs, creating jobs and protecting the environment weren’t enough, we can now add increasing resilience to the list of benefits resulting from more sustainable buildings and energy systems.”

USGBC NJ has already convened a Resiliency task force, and is taking part in USGBC National’s Resiliency efforts as well. If you are interested in participating in the taskforce, please contact me at executivedirector@usgbcnj.org.


Florence Block LEED Green Associate Executive Director, USGBC NJ

Chapter Events 2/8/13 - Energy Star v.3 for Single Family,

Multi-Family Low Rise, and Multi-Family High Rise Construction presented by USGBC-NJ Residential Green Building Committee. 7:30 AM – 12:00 Noon, Bergen Community College, Paramus, NJ.

2/21/13 - USGBC-NJ North Branch and AIA-NJ-Newark Suburban Joint Dinner Meeting Presentation: “Show Me the Money” How to Apply Maximum Incentives for Your Projects with speaker RJ Donnelly. Hamilton Park Hotel, Florham Park, NJ.

3/25/13- Networking Event hosted by the USGBC NJ North Branch. 6-8:00 PM, McLoone’s Boathouse, West Orange, NJ.

LEED Green Associate GENERAL COUNSEL Harry E. McLellan, Esq, LEED Green Associate

For details on all USGBC NJ events, visit www.usgbcnj.org

McLellan & Associates, LLC CHAPTER COORDINATOR Mary Ellen Garrigus Communications & Membership Coordinator Medea Villere ’ www.usgbcnj.org

Number of New Jersey chapter members: Number of USGBC member Companies in NJ: Number of LEED Accredited Professionals in NJ: Number of LEED registered projects in NJ: Number of LEED certified projects in NJ:

1229 275 3173 424 192

10A — January 25 - February 7, 2013 — Mid Atlantic Real Estate Journal



JANUARY 28 – IOREBA/SIOR Event: SIOR Annual NYAC Dinner Time: 4:00 PM – 8:00 PM Location: New York Athletic Club Address/City: 180 Central Park South, New York, NY Cost: $110 IOREBA & SIOR Members $125 Nonmembers E: annviolette@gmail.com www.ioreba.com JANUARY 29 – NAIOP NJ

FEBRUARY 5 – ABC Event: Tri-State Prompt Payment Act Webinar Time: 9:00 AM – 10:30 AM Location: Your Office Cost: $50 Member $75 Nonmember P: 610-279-6666 E: jjudge@abceastpa.org www.abceastpa.org FEBRUARY 5 – DVGBC Event: Energy & Water Benchmarking for Large Commercial Buildings in Philadelphia: Who, What, When, Why & How Time: 8:00 AM – 10:00 Am Location: Friends Center – Rufus Jones Room Address/City: 1501 Cherry St., Philadelphia, PA Cost: Free P: 215-399-5790 www.dvgbc.org FEBRUARY 7 – ULI NNJ Event: New Year, New Networking Opportunity Time: 5:00 PM – 7:00 PM FEBRUARY 8 – ULI PHILADELPHIA Event: Navy Yard Master Plan Update Time: 8:00 AM – 9:30 AM Location: Philadelphia Navy Yard Address/City: 4747 S. Broad Street, Bldg. 101, Philadelphia, PA P: 215-525-4977 E: gerri.lipp@uli.org www.philadelphia.uli.org FEBRUARY 11 – NJAA Event: Young Professionals Mixer Time: 6:00 PM – 8:00 PM Location: McLoone’s Boathouse Address/City: 9 Cherry Ln., West Orange, NJ Cost: $25 Members Only E: jaclyn@njaa.com www.njaa.com FEBRUARY 12 – BOMA PHILADELPHIA Address/City: 1600 Market St., Philadelphia, PA Cost: $65 Members $80 Non-Representatives P: 215-567-1775 www.bomaphila.com FEBRUARY 12 – CFA PHILADELPHIA Event: Downtown Luncheon: George Friedlander Discusses the Municipal Bond Time: 12:00 PM Location: The Racquet Club of Philadelphia Address/City: 215 South 16th St., Philadelphia, PA Cost: $35 Members $50 Nonmembers www.cfaphil.org FEBRUARY 12 – SMPS CENTRAL PA Event: Reputation Management within the A/E/C Industry Location: Hotoke Restaurant Address/City: 350 George St., New Brunswick, NJ Cost: $30 Members $35 Nonmembers $20 Student E: mara.winokur@uli.org www.nnj.uli.org Event: February Event Time: 5:00 PM – 7:00 PM Location: The Great Hall

FEBRUARY 13 – CREW LEHIGH VALLEY Event: RESTORE – Real Estate – Communities – Families! Time: 11:15 AM – 1:00 PM Location: The ReStore Facility Address/City: 1053 Grape St., Whitehall, PA

Cost: $25 Members $35 Guest www.crewlehighvalley.org

FEBRUARY 20 – IREM NJ Event: Ethics for the Real Estate Manager Location: Borgata Hotel Casino & Spa Address/City: One Borgata Way, Atlantic City, NJ Cost: $185 Members $220 Nonmembers P: 856-303-0190 E: admin@irem3.org www.irem1.org FEBRUARY 20 – NAIOP NJ Event: Roundtables with Industry Experts Time: 7:45 AM Location: NJ Law Center Address/City: One Constitution Sq., New Brunswick, NJ Cost: $110 Members $145 Nonmembers P: 732-729-9900 www.naiopnj.org FEBRUARY 20 – SMPS CENTRAL PA Event: Meet & Eat: Transitioning to Business Development Time: 11:30 AM – 1:00 PM Location: R S Mowery Address/City: 1000 Bent Creek Blvd., Mechanicsburg, PA Cost: Members Free-Bring your own Lunch/$10 Members-Box Lunch www.smpscentralpa.org FEBRUARY 21 – AIA PHILADELPHIA Event: 2013 Ed Bacon Prize Awards Ceremony Time: 5:30 PM – 8:30 PM Location: Philadelphia Center for Architecture Address/City: 1218 Arch St., Philadelphia, PA Cost: $20 Members $15 Students $25 General Public www.aiaphiladelphia.org FEBRUARY 21 – CREW PHILADELPHIA Event: Champagne, Chocolate & Conversation Time: 5:30 PM – 7:30 PM Location: Stantec Address/City: 1500 Spring Garden St., Philadelphia, PA www.crewphiladelphia.org FEBRUARY 21 – IREM NJ Event: 2013 Tri-State Conference & Expo Time: 8:00 AM Location: Borgata Hotel Casino & spa Address/City: One Borgata Way, FEBRUARY 26 – CREW PITTSBURGH Event: Forget the Glass Ceiling-Now We Have to Navigate the Labyrinth? Time: 11:30 AM – 1:30 PM Location: Rivers Club Address/City: 301 Grant St., Philadelphia, PA Cost: $40 Members $70 Nonmembers E: admin@crewpittsburgh.org www.crewpittsburgh.org Atlantic City, NJ www.irem1.org

Event: Annual Meeting & Economic Outlook for Commercial Real Estate in a Post-Sandy NJ Time: 5:30 PM – 8:00 PM Location: Sheraton Meadowlands Address/City: 2 Meadowlands Plaza, E. Rutherford, NJ Cost: $175 Members $235 Nonmembers P: 732-729-9900 www.naiopnj.org JANUARY 29 – ULI PHILADELPHIA SOUTH JERSEY REGIONAL COUNCIL EVENT: The Changing Face of Mall Development Time: 8:00 AM – 10:00 AM Location: Adelphia Ballroom Address/City: 1750 Clements Bridge Rd., Deptford Township, NJ E: gerri.lipp@uli.org www.philadelphia.uli.org JANUARY 30 – CFA PHILADELPHIA Event: Wilmington Luncheon: What’s in Store for the Commodities Market Time: 12:00 PM Location: Hotel DuPont – Delaware Room Address/City: 11th & Market Sts., Wilmington, DE Cost: $35 Members $50 Nonmembers www.cfaphil.org JANUARY 30 – EBC/CIANJ Event: Roundtable Meeting Time: 8:00 AM – 9:30 AM Location: PSE & G Training Center Address/City: 234 Pierson Ave., Edison, NJ P: 201-368-2100 E: cwittman@cianj.org www.cianj.org JANUARY 30 – NAIOP PITTSBURGH Event: CFU Forum Time: 12:00 PM – 1:15 PM www.naioppittsburgh.com JANUARY 31 – CORENET Event: Greater Philadelphia Post Holiday Party Time: 6:00 PM – 9:00 PM Location: CFI Headquarters Address/City: 2129 Chestnut St., Philadelphia, PA Cost: $75 Members $95 Nonmembers P: 571-209-7803 E: philadelphia@corenetglobal. org www.corenetglobal.org Location: Doubletree Hotel & Suites Address/City: Pittsburgh City Center, Pittsburgh, PA Cost: $25

JANUARY 31-FEBRUARY 1 – NJBA Event: 2012 NJ Planning Conference Location: Hyatt Regency Address/City: Two Albany St., New Brunswick, NJ www.njba.org

Time: 8:00 AM – 10:00 AM Location: Skelly and Loy Address/City: 449 Eisenhower Blvd., Ste. 300, Harrisburg, PA Cost: $20 Members www.smpscentralpa.org

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