Mid Atlantic Real Estate Journal — The Best of 2012 — March 29 - April 11, 2013 — C
www.marejournal.com
The Largest Office Sale of 2012
Cushman Wakefield E Rutherford Merrill Lynch
NAI Emory Hill Dover Station Dover, DE — $1.8 MILLION —
MIM-Hayden Real Estate Fund/CBRE 300 Barr Harbor Dr. W Conshohocken, PA — 222,058 s/f —
Hopewell Campus — 1,789,000 SF —
Dover Station
Merrill Lynch Hopewell Campus
City, State: Dover DE Size - 9,600 s/f
West Conshohocken, PA 222,058 s/f $70 million CBRE arranged the most recent transaction.
Hopewell, New Jersey 1,789,000 s/f
9,600 s/f building sold in Dover for use as a child care and early academics center. Dave Morrison, CCIM, one of NAI Emory Hill’s top-selling office brokers, won “Best Office Sale of
Brokers: Andrew Merin, David Bernhaut, Gary Gabriel, Grace Braverman, Michael Rotchford, Robert Elms, Ben Cooper, Paul Giannone, Kevin Carton, Todd Elfand, Through the collaboration of CIS, Investment Banking, Commercial Leasing and Capital Markets, Cushman & Wakefield and Merrill Lynch, on behalf of Bank of America, orchestrated the sale/leaseback of a 1.8 million s/f, 540-acre corporate campus in Hopewell, NJ. The $365 million transaction incorporated an unusual con- dominium ownership structure, involving four investors in a joint venture partnership. It represents New Jersey’s largest-ever, single-asset suburban office transaction – in terms of both size and dollar value.
The MIM-Hayden Real Estate Fund I, LP acquired Five Tower Bridge in partnership with Boston-based The Davis Companies in January 2012. It sold less than two months after coming on the market. The building com- mands $35 per square foot in rent, one of the highest in the Philadelphia suburbs and a level realized by very few other suburban office properties. Five Tower sits along the Schuylkill riverfront in West Conshohocken and is universally regarded as one of the premier office towers in the Philadelphia Suburbs. Robert Fahey of CBRE represented both buyer and seller in negotiation of sale
Dave Morrison
2012” for the sale of Dover Station to Kidz, Inc. for use as a child care and early academics center. Dave has been with NAI Emory Hill for six years and has over 30 years of commercial real estate experience.
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Dave Morrison | Neil Kilian | Jim O’Hara Jr. 10 Corporate Circle Suite 100, New Castle DE 19720 phone 302.322.9500 | fax 302.322.9518 www.emoryhill.com
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