5-20-22

16A — May 20 - June 16, 2022 — DelMarVa — M id A tlantic Real Estate Journal

www.marej.com

D el M ar V a New brokerage firm leads with nearly 100 years of collective real estate experience Three big names in Mid-Atlantic commercial real estate services form LMT Commercial

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served as the president of CORFAC International, a leading international com- mercial real estate network. Chris Moore is LMT Com- mercial’s broker of record with over 30 years of management experience. Prior to forming LMT Commercial, Moore was a top producing broker with Patterson-Woods Commercial Properties and focused on investments, 1031 exchange, multifamily, lab and industrial, and land sales. He previously served as managing partner at Fraser Property Management, LLC, a company that developed commercial offices, laboratories and manufacturing facilities. Moore is also a co-founder of Optimer, (Sold in 2008 to a pri- vate equity company) where he led pioneering research teams in the textile and material sci- ence industries. He is credited with numerous US and world patents. LMT Commercial’s other agents and staff include Mary Ann Heesters, Tyler Fores - ta, Adam Cofield and Linda Brown . The firm leased office space on Rockford Rd. in Wilmington, Delaware. MAREJ tomer service, we sold these properties at a price that aligns with the highest prices now being commanded in Ta- koma Park,” said Bensahel. Bensahel was assisted in the transaction by Rah - maan Streater , vice presi- dent of operations for East- ern Union’s investment sales division. Bensahel also gave special acknowledgement to two colleagues in the firm’s Mid-Atlantic office: senior managing director Marc Tropp and managing direc- tor David Merkin . MAREJ additional investment opportu- nities, develop and communi- cate investment strategy and policies, and work with equity and lending partners to grow Cobalt’s portfolio of grocery an- chored and power centers along the Atlantic Coast, Southeast US markets, and select Mid- west cities. MAREJ

since 1986. A significant portion of his career was with Wilmington Trust, where he served as Director of Corporate Real Estate Planning & Develop- ment for 12 years. He was responsible for corporate ac- quisitions, dispositions, real estate development, office fit outs, and tenant improve- ment projects for the bank in over a dozen U.S. states and a handful of cities in foreign countries. He started his com- mercial real estate career in the appraisal and valuation sector of the business. Latina, a managing prin- Commercial Properties in 1989. Born into a family res- taurant business, his early years in the real estate busi- ness were focused on serving restaurant and bar owners and operators with their real estate requirements and ul- timately became the region’s leading restaurant and bar broker and site location spe- cialist. For the past decade he has expanded his practice to include work with developers of office, industrial, retail and flex-industrial, owners and tenants. Latina most recently size of about 887 s/f per unit. The average price per apart- ment is $164,584. The 48 units are distributed among these five addresses: 22 units at 702 Chaney Dr., and four at 8501, six at 8503, four at 8505, six at 8507, and three units at both 8609 and 8611 Flower Ave. Bensahel said that the portfolio sold at one of the highest prices per unit in the Takoma Park area. The seller was not identified. “Reflecting Eastern Union’s commitment to superior cus- VIRGINIA BEACH, VA — Cobalt Real Estate Solu - tions announced Tim Mc - Cann will join the company as chief investment officer. Over the next 24 months, Co- balt seeks to raise $50 million in equity to add $150 million in properties to its portfolio. As CIO, McCann will seek out

ILMINGTON, DE — Joe Lati - na, Chris Moore,

CCIM and Jim Tancredi -- three recognizable names in Mid-Atlantic commercial real estate, with nearly 100 years of collective real estate experience, have launched LMT Commercial Realty, LLC to serve the region where they have established successful careers. LMT Commercial serves real estate investors, property owners, tenants and restau- rant owners and operators throughout the Mid-Atlantic Region with the following services: ▪ Retail and Restaurant (DE liquor Licensing Consulting) ▪ Multifamily ▪ Life Sciences ▪ Medical Office ▪ Tenant Representation ▪ Corporate Services ▪ Real Estate Development Consulting ▪ Business Sales/M&A ▪ Single Tenant NNN Sales ▪ Investment Sales ▪ 1031 Exchanges ▪ Land Sales ▪ Industrial ▪ Office

Jim Tancredi, Chris Moore, CCIM and Joe Latina.

The firm’s founding part - ners have formed the com- pany on the basis of relation- ships and a vision to create a culture where like-minded individuals come together to best serve clients that are guided by the principles of paramount ethics and integri- ty, respect, and collaboration.

Joe Latina and Chris Moore departed Patterson-Woods & Associates LLC to establish the new firm with Jim Tan - credi, who previously served real estate clients with DSM Commercial. Jim Tancredi has worked in third-party brokerage services since 2012, and in real estate

Bensahel of Eastern Union arranges sale of apartment portfolio in Takoma Park, MD totaling $7.9 Million

TAKOMA PARK, MD — Alex Bensahel , the direc- tor of the investment sales

division for the Mid-At- lantic Group of Eastern Union , has arranged the $7.9 million sale of a 48- unit apart- ment portfo-

Alex Bensahel

lio in Takoma Park, a city located about six-and-a-half miles northeast of Washing- ton, DC. The Mid-Atlantic Group is based in the Bethesda, MD office of Eastern Union, a na - tional commercial real estate firm that provides both capi - tal markets advisory services and financing services. The Takoma Park apart- ments are in a range of siz- es, and also have varying bed/bath counts. The gross square footage across the entire portfolio is 42,557 s/f, which equates to an average

Cobalt Real Estate Solutions welcomes McCann as senior exec.

22 units at 702 Chaney Dr.

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