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

N Margolis, Dolan, Segal, Dangello & Elliman represent Equus Capital Partners NGKF Capital Markets reps owner in $15.55m sale of two-property portfolio E W A R K , D E — NGKF Capital Mar- kets has successfully

ISSUE HIGHLIGHTS Volume 28 Issue 18 Sept. 30 - Oct.13, 2016

deep-rooted vendor of DuPont, the location provides KBR easy access to DuPont’s many Delaware locations. The open floor plates are also well-suit- ed to their engineering use.” Equus Capital Partners has taken great care to ensure minimal capital expendi- tures will be needed in the coming years due to recent renovations that include: new ceilings and lighting through- out, updated lobbies and restrooms, a new roof, HVAC upgrades, a new fire panel as well as new elevators. The Portfolio benefits sig- nificantly from its location which is less than a mile from the full Interstate 95 Interchange with Rte. 273. Additionally, it is within one mile of two large shopping centers (University Plaza and Christiana Town Center) and just two miles from the Chris- tiana Mall. n

SPO TLIGHTS

DAUPHIN COUNTY, PA — Colliers Internation- al has arranged the sale of the Pennsylvania Lottery’s 136,000 s/f building to Boyd Middletown DGS LLC – a Chicago-based real estate in- vestment firm. The building - located at 1200 Fulling Mill Rd. in Dauphin County, PA - sold for $14.9 million. The building sits on 12.5 completed the sale of 242 and 248 Chapman Rd. (the “Portfolio”) in Newark, DE. The NGKF Capital Mar- kets team comprising Mike Margolis , Dave Dolan and Brett Segal , along with area experts, Neal Dangello and Wills Elliman , represented Equus Capital Partners in the $15.55 million sale to Chapman Business Associ- ates, LLC. The two-building portfolio consists of 242 Chapman Rd., a three-story, 65,967 s/f office building and 248 Chapman Rd., a two-story, 77,974 s/f office building. Both buildings are 100% occupied by two long-term tenants. KBR, the anchor tenant, has occupied 82% of the rent- able square footage since 1991. The tenant’s long-term

SERVICES & SUPPLIERS

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Section C FALL PREVIEW

Zimmel Assoc. celebrates 30 year anniversary

242 Chapman Rd.

commitment to the Portfolio is driven, in part, by the firm’s local clients. Approximately half of KBR’s staff services DuPont Corporation, head- quartered inWilmington. The Portfolio’s second tenant, HP

Enterprises, has also been a long-term tenant since 2000, and is under lease until 2021. “The Portfolio benefits from the long-term tenancy of KBR, an international engineering firm,” Margolis said. “As a

ZIMMEL ASSOCIATES CORPORATE REAL ESTATE SERVICES 1090 King Georges Post Road, Suite 808, Edison, NJ 08837 (732) 661-9200 • Fax: (732) 661-9617 • www.zimmel.com

IC-1A

Colliers concludes sale of PA Lottery HQ building for $14.9million inDauphinCounty, PA

For speaking and sponsorship information, please contact: Linda at 781-871-3456 or lchristman@marejournal.com LeadershipSummit October 17, 2016 NJ Retail, Restaurant, Hotel and Mixed-Use Summit UPCOMING CONFERENCES October 7, 2016 NJ Commercial Real Estate

Pennsylvania Lottery building ( Photo credit: CoStar)

acres with 40,000 s/f of ware- house space and over 97,000 s/f of office space. The Pennsylvania Lottery has a lease through 2022 with a five-year renewal option. Scientific Games is a subten- ant in the building. Colliers International’s Lar- ry Kostelac , WilliamAiello , George Lulos with Colliers’ Investment Services Group and Bob Cottle and Darrin Kennedy with Colliers’ Gov- ernment Solutions national practice group represented the buyer. PHILADELPHIA, PA – Colliers International in Philadelphia represented Car- penter Technology Corpora- tion in securing 22,000 RSF of class “A” office space at the

BNY Mellon building at 1735 Market St., Philadelphia CBD West of Broad St. Carpenter will relocate its corporate headquarters here in the fall of 2016. Its primary manufacturing plant in Read- ing, PA will remain in Berks County, along with 2,300 jobs. The Reading, PA plant is part of the company’s Specialty Al- loys Operations segment. The new Philadelphia loca- tion will bring approximately 100 positions to the city over time. The move provides bet- ter access to transportation, customer markets, world-class universities, and increased vis- ibility with broad talent pools. James Scott and JimScott, Jr. of Colliers International represented Carpenter in this

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transaction. The Landlord is Equity Commonwealth. n 1735 Market St.

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