32C — March 27 - April 9, 2015 — The Best of 2014 — M id A tlantic
Real Estate Journal
www.marejournal.com
The LARGEST RETAIL SALES of 2014
Jones Lang LaSalle One and Olney Square Philadelphia, PA
Ripco Realty 513 Broadway Bayonne, NJ
Jackson Cross Partners 2000 Arch Street Philadelphia, PA
Brokers: James Galbally, Douglas Rodio, John Plow- er, Erin Miller Size: 352, 413 s/f JLL has closed the sale of One and Olney Square for BLDG/The Feil Organization. Wharton Realty Group purchased the 352,413 square foot retail shop- ping center for $52,500,000. One and Olney, anchored by ShopRite, center to- tals 339,784 square-feet and includes tenants such as Dollar Tree, Modell’s and Burger King. The sale gar- nered a tremendous amount of investor interest from a broad spectrum of buyers including institutional investors, REITS and private investors due to Shop- Rite’s excellent sales history and the dense population in the trade area.
Brokers: Ira Kerner, Curtis Nassau, Michael Rawlins Size: 25,000 s/f 25,000 s/f building in downtown Bayonne. Market is currently in midst of urban re-gentrification. Chal- lenge here was procuring a buyer for building amid so many vacant store-fronts. Marketed building as a redevelopment opportunity. Building sold at a premi- um to what seller had expected due to a bidding war between developers/operators Ira Kerner Curtis Nassau Michael Rawlins
Broker: Pete Davisson Size: 3,010 s/f
Sale of 3,010 s/f retail space in Philadelphia facili- tated by broker/managing partner Pete Davisson. Pur- chase price of $8.4 million.
JACKSON CROSS CONGRATULATES PETE FOR THE LARGEST OF2014 RETAILSALE FOR A SMALLSIZED COMPANY
2000 Arch Street Philadelphia, PA
Pete Davisson, SIOR, CCIM Partner (302) 792-1301 ext. 223 pd@jacksoncross.com
www.jacksoncross.com
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