Mid Atlantic Real Estate Journal — March 29 - April 11, 2013 — 3A
www.marejournal.com
M id A tlAntic R eAl e stAte J ouRnAl Marvin of Metro Commercial Realty represents tenant Summit Realty & Cushman & Wakefield brokers 58,56 s/f lease
They wrote the policy.
We make sure they write the check.
F
LANDERS, NJ —Weis Markets has signed a lease for 58,546 s/f at
Sutton Plaza on Rte. 206. The landlord was represent- ed by Bob Delia of Summit Realty LLC , and Rick Riz- zuto of C ushman & Wake- field . The tenant was represented by Glen Marvin of Metro Commercial Realty . Sutton Plaza is a 163,500 s/f Shopping Center owned by Armstrong Capital. Tenants include Tractor Supply, Dollar Tree, GNC, Dol- lar Tree, PNC and Super Cuts. Weis Markets has leased the space formerly occupied by A&P. n
M. MILLER & SON Public Adjusters Since 1960
1211 Liberty Ave., Hillside, NJ 07205 � Tel: 908-355-4800 adjuster@mmillerson.com � www.mmillerson.com
Sutton Plaza on Rte. 206 in Flanders aerial
Colliers International facilitates sale of four Center City commercial & industrial properties totaling $1.1m
Covington Realty Partners arranges 1031 exchange property ownership through Delaware StatutoryTrusts (DST’s), giving individuals the opportunity to invest in properties that were once available only to institutional investors. Class A net lease retail and multi-family properties positioned in primary markets and premier locations within specific secondary markets throughout the U.S. The Covington team has acquired well over $2.5 billion of commercial, retail, net lease retail and multi-family properties throughout the country. With our team's buy-side experience we have been able to identify opportunities within parameters often overlooked by others. Our capacity to carry out meticulous buy-side property due diligence and financial analysis helps mitigate risk, and increases the likelihood that a property's value will be preserved and/or appreciate. In addition to our in-house activities, we align with highly-regarded third-party organizations that perform market research, investigate legal and tax issues, consider financial metrics and conduct physical evaluations to help ensure the integrity of each transaction and your investment. We are actively seeking quality Net Lease and Multifamily properties to acquire for our investment portfolio. Please call us if you are in the market to sell. · · · · ·
PHILADELPHIA , PA — Colliers International concluded four Center City commercial and industrial real estate transactions: Sold: 446-50 N. 6th St. This is 6,510 s/f one-story building was sold to WXZ Properties, LLC for $480,000. The prop- erty will be occupied by Appolo Glass. Michael Barmash of Colliers International was the sole broker in this transaction; the seller was Philadelphia Sixth St.LP. Sold: 11-13-15 Strawberry
St. The 4,356 s/f four-story plus basement building (in- cluding two parking spots) was sold to 22 Front Street LP for $440,000. The property will be renovated to include office space and apartment units. Barmash was the sole broker in this transaction; the seller was Philadelphia Sixth Street LP. Sold: 1508-14 N. 5th St. This is a 13,200 s/f one-story warehouse was sold to York Snack Food Distribution, Inc. for $415,000. After extensive renovations the facility will
double the size of the buyer’s adjoining building. Barmash was the sole broker in this transaction. The seller was Sherwood Family LP. Sold: 1824-28 Germantown Ave. This is 14,421 s/f two-story industrial building was sold to Visual Infinity for $250,000. After renovations, the building will be used as a video produc- tion facility. Nigel Richards of CBPreferred represented the buyer. Barmash represented the seller, Yang Han Lo & Mui Chu Lo. n
Brian Kennedy -Vice President Covington Realty Partners 135 N. Meramec Ave., Suite 500 St. Louis, MO 63105 Office: 314-727-2424x206 Fax: 314-727-2434 Cell: 314-651-8024 bkennedy@covingtonrealtypartners.com
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