11-9-12

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

ISSUE HIGHLIGHTS Volume 24 Issue 21 November 9 - 22, 2012 Procida’s 100 Mile Fund Celebrates First Year

ASHINGTON, DC — Hines, Arch- stone and the TFI W Studley and LSM advise Covington & Burling LLP in transaction Hines, Archstone & TFI, developers of CityCenterDC, announce 420,000 s/f lease

international and domestic clients. I want to extend a special thanks to Studley and LSM for their sage advice on this project.” “We are extremely excited to welcome a firm with the stature and prominence of Covington & Burling as the anchor tenant for CityCenter- DC’s office component,” said William Alsup, III , senior managing director of Hines. “It’s symbolic that a firm with nearly a hundred-year-history in Washington has chosen to relocate to the city’s most cut- ting-edge project,” saidAlsup. He added, “Covington’s reloca- tion to CityCenterDC embod- ies one of the most important design themes of the project’s master plan – integrating the new with the old, ‘reweaving’ the fabric of the surrounding neighborhood with the state- of-the-art amenities and com- ponents of CityCenterDC.” ■

US Real Estate Fund , de- velopers of CityCenterDC, an- nounced today the signing of a lease with Covington &Burling LLP as the anchor office tenant of the landmark, mixed-use de- velopment in downtown Wash- ington, D.C. CityCenterDC is one of the largest downtown developments currently under- way in the United States. With the execution of the Covington lease, the office buildings, One and Two CityCenter, are now more than 80% pre-leased. The law firm will occupy 420,000 s/f when it moves into its new space in the summer of 2014. The lease will run 20 years during which time Covington will have options to expand. Covington was advised on the transaction by Thomas Fulcher and Arthur Green- berg with Studley and Debra

11A

2012 Lenders Directory

10th and H Street

MidAtlantic RealEstateJournal—FinancialDigest—November9 -22, 2012 —15A

www.marejournal.com

L ender ’ s d irectory

RedMortgageCapital,LLC 4300HaddonfieldRoad • Suite 314 Pennsauken,NJ 08109 P:856-662-2166 jszalkind@redcapitalgroup.com www.redcapitalgroup.com

SusquehannaBank TwoAquariumDrive • 4th Floor Camden,NJ 08103 P:856-756-3502 chris.unger@susquehannabank.com UnionCenterNationalBank 2455MorrisAvenue Union,NJ 07083 P:908-688-9500 F:908-687-1796

Lehman-Smith and James McLeish with Lehman Smith McLeish ( LSM ). “We are excited to participate in the redevelopment of this historic section in the nation’s capital, which will have an

enormous positive impact on the city,” said TimothyHester , chair of the firm’s management committee. “CityCenterDC’s proximity to all of Washington’s major institutions makes it an ideal location to serve our

RegionalCapitalGroup 701Route 70 East •BuildingOne •Marlton,NJ 08053 P:856-983-4800F:856-983-5001

TheHenleyGroup, Inc. 8APleasatStreetSouth Natick,MA01760 617.512.1135 www.thehenleygroup.com TammyGoldfisher Kennedy Funding Financing LLC 930 SylvanAvenue • Suite 110 EnglewoodCliffs,NJ 07632 P:1-800-342-8500 F:201-603-6558 info@kennedyfunding.com Lysar Financial Services, Inc. 443NorthfieldAvenue • Suite 306 WestOrange,NJ 07052 P:973-325-2500 F:973-325-7548 spepper@metropolitan-mortgage.com Direct Lenders

info@uncb.com www.ucnb.com

paul@regionalcapital.com www.regionalcapital.com

AnthonyC.Weagly - President&CEO Ronald Shapiro,SeniorVice President

BillBoylan,SeniorVice President PaulHodoanec,Vice President NEWYORK CenterlineCapitalGroup 100Church Street 15th Flor

CapitalOneBank 710Route 46East •Suite306 Fairfield,NJ07004 P:973-439-7600

NewYork,NY 10007 Phone: (212) 317-5700 Fax: (212) 317-5704

CooperHorowitz Inc. 51East 42ndStreet •NewYork,NY 10017 P: 212-986-8400 F: 212-983-0512

www.cooper-horowitz.com BarryHorowitz,President

ColumbiaBank 19-01Route 208North FairLawn,NJ 07410 P: 201-599-7076 F: 201-599-7063 pheilmann@columbiabankonline.com PaulA.Heilmann,SeniorVic President CommercialRealEstateLending

MeridianCapitalGroup,LLC New JerseyOffice 485Route1South•BuildingF•FirstFloor Iselin,NJ08830 P: 732-301-3200F:732-301-3299 ischubert@meridiancapital.com IsraelSchubert,ManagingDirector

EasternUnionCommercialRealEstate,LLC 3839FlatlandsAve •Suite 211 Brooklyn,NY P: 866-862-4800

Newcastle FinancialCompany LLC 1 InternationalBoulevard • Suite 400 Mahwah,NJ 07495 P:201-378-0118F:201-584-9173 victoria@newcastlefn.com www.newcastlefn.com

info@easternuc.com www.easternuc.com IraZlotowitz •AbeBergman MarcTropp

CommercialMortgageCapital 615WestMountPleasantAvenue Livingston,NJ07039 P: 973-716-0006 F: 973-215-2904 mscott@newcommercialmortgage.com MarkM.Scott,Principal StanleyM.Weeks,SeniorVicePresident

FairmontCapital LLC 1333 60th Street •Brooklyn,NY 11219 P:212-710-4018 F:212-37-2034 www.fairmontcap.com BarryKatz bkatz@fairmontcap.com Neal Frohlich nfrohlich@fairmontcap.com Lionsgate Finance, Inc. Real Estate& Franchise Finance 555 FifthAvenue • 14th Floor •NewYork,NY 10017 P:212-378-1720F:917-677-4801

EasternUnionCommercialRealEstate,LLC 1189Route 547 •Howell,NJ07731 P:866-862-4800 16-18A info@easternuc.com www.easternuc.com IraZlotowitz •AbeBergman MarcTropp NorthMarqCapital, Inc. 33OfficesNationwide OneGatehallDrive •Suite 101 Parsippany,NJ 07054 P: 973-538-2330 www.northmarq.com Palisades Financial,LLC 2160NorthCentralRoad • Suite 308 Fort Lee,NJ 0724 P:201-894-5000 F:201-894-8833 www.palfi.net IraBergstein •MarkZurlini • JamesCalvano •DavidMcLain JackChimento Rock FinancialConsulting 117CentralAvenue HasbrouckHeights,NJ 07604 P:201-288-1199 F:201-288-2578 rjarocki309@yahoo.com Richard L. Jarocki jm@lionsgatefinance.com www.lionsgatefinance.com MeridianCapitalGroup,LLC NewYorkOffice –CorporateHQ 1BatteryParkPlaza • 26thFloor NewYork,NY 10004 P: 212-972-3600F: 212-612-0100 www.meridiancapital.com sales@meridiancapital.com JonathanM.Stern

PA Spotlight: Premier Available Properties

Also places two fixed-rate loans with Allianz Real Estate of America HFF secures $91m construction/permanent financing for Cathedral Commons in DC

P

MidAtlantic RealEstateJournal—November9 - 22,2012— B

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WASHINGTON, DC — HFF has secured $91 million in construction/permanent financing for Cathedral Com- mons, a mixed-use develop- ment totaling 264,272 s/f in Washington, D.C.

HFF worked on behalf of the borrower, a joint venture between Giant of Maryland and The Bozzuto Group , to secure the 13-year, fixed-rate, construction/permanent fi- nancing through Northwest- ern Mutual . Upon completion, Cathe- dral Commons will include 137 luxury multi-housing rental units, eight luxury townhomes and 128,852 s/f of ground-level retail space. The retail portion of the prop- erty being leased by H&R Retail is 60% pre-leased and will be anchored by a 56,000 s/f, Giant Food grocery store. The project is located at 3336 Wisconsin Ave. The HFF team representing the borrower was led by man- aging director Mark Rem- ington and director Daniel McIntyre . In a separate transaction, working on behalf of LCOR ,

ennsylvAniA s Potlight

5B-12B Berger-EpsteinAsso., Inc.:Office,EasternPA.........................................................8B BraslerProperties: Industrial,EasternPA...............................................................9B ClassicProperties: Industrial,N.EasternPA...........................................................14B DietrickGroup,LLC:Office,EasternPA..................................................................8B FoxRealty Consultants:Office,EasternPA............................................................10B FrederickGroup:Office&Retail,EasternPA..........................................................14B GriffinLand: Industrial,EasternPA,LehighValley................................................10B HawleyRealty:Commercial Investment,EasternPA..............................................8B HinerfeldComm’lRealEstate: Industrial,N.EasternPA.......................................13B LibertyPropertyTrust: Industrial/Distribution,EasternPA..................................12B LebanonValleyE.D.C: Industrial/BusinessParkAcreage,CentralPA...................14B PennCapProperties:Office,EasternPA..................................................................11B Principal Investment:Office,EasternPA.................................................................10B P remier A vAilAble P roPerties

Directory

Upcoming Spotlight NY ICSC Deal Making — November 23 rd The Lenders Directory............... 11-22A New Jersey ............................... 23-33A Calendar of Events......................... 40A Pennsylvania ......................... Section B Auction Directory ......................... 4-5A Financial Featuring

Cathedral Commons

HFF placed two fixed-rate loans with Allianz Real Estate of America. A $55 million loan was arranged for Greenwich Place and a $41 million loan was secured for Greenwich Oaks. The properties were previously unencumbered with debt. GreenwichPlace andGreen-

wich Oaks are located two miles apart close to Interstate 95 about 35 miles north of New York City. Greenwich Place is situated on 30 acres. The HFF team representing LCOR was led by senior man- aging director Jon Mikula and managing director Jim Cadranel l. ■

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