4-8-11 MARE Journal by Mid Atlantic Real Estate Journal

REAL ESTATE JOURNAL Vol. 23, Issue 7

Inside:

April 8 - 21, 2011

Sections

the most comprehensive source for commercial real estate news

Project of the Month Bakers Square

Mid Atlantic .......................................................Section A New Jersey ........................................................ Section B Pennsylvania ................................................... Section C Green Awareness .......................................... Section D

Spotlights / Features Sales & Leases ............................................................6-7A Auction Directory ..........................................................8A Business Card Directory ......................................... 11A Tri-State REALTORS Commercial Alliance .. 12-13A

Metro Development Company breaksground on 220,000 s/f, Community Shopping Center anchored by a 71,000 s/f ShopRite in Philadelphia, PA. ..................................................................... Pages 10-11C

Northern New Jersey

POA Multifamily Expo ............................................. 14-16A Bill Board Classifieds .......................................... IBC-A Southern New Jersey............................................5-12B Calendar of Events...................................................... 17B Eastern Pennsylvania ......................................... 5-26C

Next Issue April 22, 2011

Stanker & Galetto has been selected by Schar USA to build the first U.S. manufacturing facility for this specialty food manufacturer in Vineland ........................................................................................................................5B

Eastern PA

• Mid Atlantic • DELMARVA featuring Washington, D.C. • Shopping Centers featuring Vegas Recon ICSC Convention • Contractors, Owners & Managers featuring Construction Law/Cost Overruns • Spring Preview 4 sections, 80 pages

NorthMarq’s investment sales team arranges $30m sale of student housing in Kutztown, PA........................................................................................5C

A Inside Cover — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

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$22,000,000

509 FIFTH AVENUE NEW YORK, NY A 12-story ofÄce/retail building The undersigned arranged the above Änancing

REAL ESTATE FINANCING

51 East 42nd Street New York, NY 10017 (212) 986-8400 Fax: (212) 983-0512 www.cooper-horowitz.com

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Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 1A

REAL ESTATE AUCTIONS x x

x x x

x x

36 Two & Three Bedroom Residences Blue Bell, Montgomery County, PA Situated on 47+/- quiet acres with a lake, large trees and lush landscaping Community pool, tennis courts, walking trails, fitness center, dog park Auction: April 3 @ 1PM Philadelphia Marriott West

Over 390+/- Acres of Farmland Various locations in Hunterdon County, NJ 105+/- Acres Preserved Farmland, Readington, NJ 115+/- Acres Farmland, Bethlehem Twp, NJ 130+/- Acres Preserved Farmland, West Amwell, NJ Auction: April 21 @ 10AM & 1PM

Two Monmouth County Opportunities Tinton Falls & Middletown, NJ 3 bedroom home in Tinton Falls 2 buildable lots in Middletown - Navesink Historic District Auction: April 28 @ 1PM

1,728+/- Sq Ft Medial Professional Office Perth Amboy, Middlesex County, NJ 5 exam rooms, located on 2,239+/- sq ft lot Close to NJ Parkway, NJ Turnpike, 440, 287 Auction: April 28 @ 1PM

5+/- Acre Farmette Kingwood Twp, Hunterdon County, NJ 4 Bedroom country farm house, 3 large barns Auction April 28 @ 1PM

8 Luxurious Windsor Court Condominiums Rochelle Park, Bergen County, NJ Private balconies, lofts, fitness center & recreation room Close proximity to George Washington Bridge & New York City Auction: April 30 @ 1PM

8 Premier Resort Condominiums Dewey Beach, DE Gourmet kitchen with granite countertops, stainless steel appliances One block from the beach and bay Auction: May 1 @ 1PM Loews Annapolis Hotel

Model Homes and Buildable Lots Pocono Pines, PA Ready to build lots Close proximity to the best Pocono Ski Resorts Auction: May 15 @ 1PM

34+/- Acre Multi-Use Commercial/Residential Property Lahaska, PA Absolute Auction Income producer Auction: May 18 @ 1PM

Max Spann Real Estate & Auction Co. 1325 Route 31 South, Annandale, NJ 08801 370 Lexington Ave, New York, NY 10016 888-299-1438

www.maxspann.com

2A â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

Mid Atlantic REAL ESTATE JOURNAL Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Associate Publisher ...........................................................Dianna Mallozzi Associate Publisher ............................................................ Elaine Fanning Senior Editor/Graphic Artist ................................................ Karen Vachon Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers

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MID ATLANTIC REAL ESTATE JOURNAL A non-profit public policy organization

Calkainâ&#x20AC;&#x2122;s Orzechowski appointed to RE Roundtable

Mid Atlantic REAL ESTATE JOURNAL ~ Published Bi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 23 Issue 7 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

ESTON, VA â&#x20AC;&#x201D; Calkain Companiesâ&#x20AC;&#x2122;, a national real estate investment brokerage firm recognized the elevation of its research d i r e c t o r, Winston Orzechowski, to the Winston Real Estate Roundtable. Orzechowski This is both a great honor and an indication of the wealth of knowledge and expertise Calkain Research

brings to the table. The Real Estate Roundtable is a non-profit public policy organization based in Washington, D.C. that represents the interests of real estate. It focuses on policy areas governing tax, capital and credit, environment and energy, and homeland security. Jonathan Hipp, president and chief executive officer, said, â&#x20AC;&#x153;Calkain is proud to see one of its own elevated to such a prestigious position. There is no doubt our work with regards to research is adding great value to the net lease market.â&#x20AC;? Calkainâ&#x20AC;&#x2122;s newly

opened Research Division has steadily supplied the market with essential net lease analysis and proven to be a thought leader within the industry. Orzechowski has a strong background in real estate data collection and dissemination. His role at Calkain focuses on the distribution and promotion of various topical issues pertaining to real estate, tenants, underwriting practices, valuation and economic affairs. Winston said, â&#x20AC;&#x153;I am very humbled by this appointment. I am glad our commitment to excellent research and analysis has had such an impact and am proud to be a part of such a prestigious organization as the Real Estate Roundtable.â&#x20AC;? â&#x2013;

CBRE reps Mack-Cali in 37,404 s/f lease

C A L K A I N R E S E A R C H P R E S E N TS The UPREIT Alternative to Traditional Sale Transactions To get your free UPREIT report contact: continued on page 3A

Winston Orzechowski | Research Director Tel. (703) 787-4714 | worzechowksi@calkain.com or Richard T. Murphy | Managing Director Tel. (781) 694-0410 | rmurphy@calkain.com

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MANHATTAN, NY â&#x20AC;&#x201D; MackCali Realty Corporation announced that international law firm Wilson Elser Moskowitz Edelman & Dicker LLP has signed a 17-year, 6-month, 37,404 s/f lease at 125 Broad St. (shown above) in Downtown Manhattan. Mitchell Hersh, Mack-Cali president and chief executive officer, commented, â&#x20AC;&#x153;We are delighted to welcome this outstanding firm to 125 Broad Street. The propertyâ&#x20AC;&#x2122;s location and amenities make it one of Downtown Manhattanâ&#x20AC;&#x2122;s most prestigious corporate addresses, and we look forward to serving Wilson Elserâ&#x20AC;&#x2122;s office space needs there for many years to come.â&#x20AC;? Howard Nottingham and John Mambrino, both of Studley, along with Greg Gerber of The John Buck Company, represented Wilson Elser in the lease transaction. MackCali was represented by CB Richard Ellis. â&#x2013;

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Mid Atlantic Real Estate Journal â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; 3A

MID ATLANTIC REAL ESTATE JOURNAL Hart Realty Advisors represents seller

Cassidy Turley arranges 104,003 s/f sale of Meadows I

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HANTILLY , VA â&#x20AC;&#x201D; Cassidy Turley arranged the sale of Meadows I, a 104,003 s/f office building. Paul Collins, Bill Collins, Drew Flood, James Cassidy, and Jud Ryan of Cassidy Turley represented the seller, an institutional client represented by Hart Realty Advisors, Inc. Federal Partners, a private investment fund, acquired the property and was represented by managing director Darryl Asack and vice president Olivia Parlavecchio of Spaulding & Slye Investments. â&#x20AC;&#x153;With its highly sought after location, recent renovations, and history of government tenants, Meadows I is poised to provide stable income to the investor,â&#x20AC;? commented James Cassidy, senior vice president with Cassidy Turley. â&#x20AC;&#x153;The building is currently 100 percent leased to the US Government through 2015,â&#x20AC;? he added. â&#x20AC;&#x153;This acquisition is in direct alignment with our enduring strategy of acquiring well located federally leased assets and utilizing our specific operating expertise in that niche to positively affect the

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Meadows I future retention of the agen- 28, Route 50, and Interstate cy in question,â&#x20AC;? said Darryl 66, and is home to Lockheed Asack. â&#x20AC;&#x153;Our targeted interest Martin, CACI, and Northrop in Meadows I was driven by Grumman. Westfields Corthe incumbent federal tenancy porate Center is easily acbut also hedged by the build- cessible to many amenities, ingâ&#x20AC;&#x2122;s adaptability and appeal including Washington Dulles to other government and pri- International Airport, Westvate-sector tenants given the fields Marriott & Conference strength of its location within Center, Sully Shopping Center the Route 28 Corridor.â&#x20AC;? and Westfields Restaurant Meadows I, located at 4755 Center. Meadow Wood Lane, is nestled Meadows I has undergone rein Westfields Corporate Cen- cent improvements including a ter, the largest planned office new roof, faĂ§ade renovations, park in Fairfax County. The of- major mechanical upgrades, fice park is proximate to Route and updated restrooms. â&#x2013;

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The Hills at Lehigh Garden Apartments 156 Units

$10,320,000 7-Year Financing

Meadows at Lehigh Garden Apartments 176 Units

$13,000,000 7-Year Financing

Waters Edge Garden Apartments 80 Units

$4,530,000 7-Year Financing

Experience Really Matters. Donâ&#x20AC;&#x2122;t leave your real estate project in the hands

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MID ATLANTIC REAL ESTATE JOURNAL

FINANCIAL DIGEST 4A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

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Also facilitates $13.036 million in MD and NJ

Refinances Trump Village I and II

NorthMarq Capital arranges $31.5 million acquisition

Beech Street closes loans totaling $80.2m

ASHINGTON, DC — Gary McGlynn, senior vice president and managing director, and Jason Smith, vice president, both of NorthMarq’s Washington, DC Regional office arranged acquisition and bridge financing of $31.5 million for 1250 23rd Street NW, a 130,000 s/f mixed use/office building. Financing was based on a 3-year interest-only term and was arranged for the borrower by NorthMarq through a correspondent lender relationship. According to McGlynn, this transaction was non-recourse, acquisition financing on a 60% leased, class “A” mixed-use building located in the West End submarket of Washington, DC. The loan was structured with a debt service reserve to tap while in lease-up. The lender provided 70% of the total capitalization. He stated, “A fantastic execution by the lender who understood the risks and was comfortable with the asset, the negative debt coverage going in and the capabilities of the ownership.” OWINGS MILLS, MD — Nancy Ferrell, senior vice president and managing director of NorthMarq Capital’s Baltimore Regional office, arranged a $9.936 million first mortgage for Allyson Gardens II, a 196-unit multifamily complex located in Owings Mills. Financing was based on a 10-year term and a 30-year amortization schedule, and was arranged for the borrower, A. G. II Limited Partnership, LLP, by NorthMarq through its seller-servicer relationship with Freddie Mac. Ferrell stated, “We were pleased to have

1250 23rd Street NW

size was important to Freddie Mac. “We are pleased that our relationship with Beech Street enabled us to satisfy a repeat borrower, said Michael Edelman, managing regional director at Freddie Mac. “This is particularly valuable to us because these transactions involved highly affordable, high-quality properties.” Each 23-story building in Trump Village I and II contains 441 units and enjoys unparalleled views of the beach to the south and Manhattan to the northwest. Newly renovated units, surface parking, stabilized rent, and access to the New York City subway system are among the attractions of both properties. Beech Street’s performance also garnered praise from Meridian. The fixed-rate loans have terms of ten years, five years interest-only, with 9.5 years of yield maintenance and a thirty-year amortization schedule payable on an actual/360 basis. ■

Lakeland Bank introduces Small Business Lending Division Allyson Gardens II the opportunity to refinance was arranged for the borrower, Middle Village Associates, this quality property.” CLIFTON, NJ — Robert W. L.L.C., by NorthMarq through Ranieri, senior vice president its relationship with North Jerand managing director of sey Community Bank. Ranieri NorthMarq Capital’s Capital said, “NJCB was very creative Services Group East, arranged on this deal as the borrower first mortgage refinancing of requested a short term self$3.1 million for Middle Vil- amortizing transaction but also lage Apartments, a 160-unit wanted the option for a Line multifamily property located of Credit. In addition the loan at 24 Day St. had very flexible prepayment Financing was based on a terms. It was a repeat customer 15-year term and a 15-year to the Bank as well.” ■ amortization schedule and

Rockford Capital Partners closes initial round of funding PHILADELPHIA, PA — Rockford Capital Partners through its affiliated fund, Rockford Real Estate Fund I, LP, has closed on its initial round of investment capital. Principals named in the filing are Doug Motley, Nick Hammonds, Greg Ellis, and David Shepherd.

BETHESDA, MD – Beech Street Capital, LLC, has closed two Freddie Mac Program Plus loans totaling $80.2 million in 30 days, the company announced. The loans were used to refinance Trump Village I and Trump Village II, two highrise apartment buildings in the Brighton Beach section of Brooklyn, NY. Originated by Meridian Capital Group, LLC, the transactions were financed by Beech Street as part of its correspondent relationship with Meridian. “These transactions reflect our steadily growing relationship with Freddie Mac,” said Grace Huebscher, president and CEO of Beech Street Capital. “This is an important collaboration that Beech Street looks forward to expanding in 2011.” Huebscher also noted that Beech Street’s 30-day turnaround on these transactions reflects the company’s emphasis on certainty of execution. Beech Street’s ability to act promptly on a deal of this

Motley and Hammonds are founders of Rockford Capital Partners and principals at Broadpoint Consulting Group, a real estate and management consulting firm. Ellis is a principal at Patterson-Woods & Associates, one of the largest commercial realestate brokerages in Delaware,

and specializes in investment and corporate property sales and leasing for office, industrial, and retail properties. Shepherd is a founder and principal of Monadnock Securities, a FINRA registered broker-dealer with offices in Philadelphia and Wilmington. ■

OAK RIDGE, NJ — More than 95 percent of the small business loans issued nationwide are under $250,000. As big banks struggle due to the economic climate, community banks have stepped in to support their local businesses by offering these smaller loan solutions. Now, business owners looking for loans in this category can get even faster and enhanced personal assistance from Lakeland Bank’s new Small Business Lending Division. “In this economy, many small/medium-sized businesses are relying on loans to make capital improvements or expand their business,” said Thomas Shara, president and CEO of Lakeland Bank. “More than 70 percent of the loans we issue to small businesses at Lakeland Bank are for $250,000 or less. We wanted to simplify the application and approval process for these customers, whom we see as the

backbones of our communities. The new division enables us to offer a more personal relationship and quick decision-making.” With Lakeland Bank’s simplified small business lending program, a customer with an existing deposit relationship can complete the loan application process at his or her local branch. The branch manager will help the customer determine what type of loan best meets the customer’s need and assist him/her in completing the necessary documents, which include a personal financial statement and small business application. To expedite the decisionmaking process, Lakeland Bank has created a Small Business Lending Division responsible for reviewing applications for one or more loans up to $250,000. Once a loan is approved, the customer has the convenience of closing at his or her local branch as well. ■

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Mid Atlantic Real Estate Journal — March 11 - 24, 2011 — 5A

FINANCIAL DIGEST 380,000 s/f office building in Newark, NJ

Deerwood Real Estate Capital organizes $50 million

NEWARK, NJ — Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm secured $50 million in financing for a 380,000 s/f office building (shown Abe Katz right). The property has been ENERGY STAR labeled since 2009. Deerwood founding partner Abe Katz negotiated favorable terms for a seven year loan. ■

Meridian Capital Group arranges $22.3 million in new financing NEW YORK, NY — Meridian Capital Group, LLC arranged a $22.3 million mortgage to refinance an eight-story, 65,000 s/f, mixeduse office and retail building located on a prominent corner of Fifth Ave. The 10-year mortgage was provided by UBS Securities LLC and features a competitive fixed-rate. “The property’s excellent midtown location, in combination with 100% occupancy and name brand tenants, including a national bank, made the deal highly attractive to the lender,” said Isaac Filler, the originator in Meridian’s New York office who negotiated the transaction. ■

Hudson Realty Capital finalizes $2.35 million first mortgage loan AUSTIN, TX — Hudson Realty Capital LLC finalized a $2.35 million first mortgage loan secured by a 1.15-acre, two-building retail property. This is the second debt transaction closed with the same sponsor in an eight-month timeframe. “The Austin commercial real estate market has remained relatively stable, as compared to other U.S. markets, due to macroeconomics that are stronger than most cities nationwide,” said Spencer Garfield, managing director, who oversees Hudson’s loan originations. ■

Cronheim Mortgage arranges $21.9 million in financing NEW YORK — Andrew Stewart and Dev Morris have arranged a $21.9 million loan secured by a 120,000 s/f office building located on 32nd Street, between 3rd and Lexington Avenues. The 10-year loan carries a fixed rate of 4.62%, with the first 2 years interest only, and a 30-year amortization thereafter. The loan was funded by one of Cronheim’s insurance company correspondents for which Cronheim acts as servicer. According to Andrew Stewart, “The quality of the sponsor, their management team, and the asset helped us offer an early rate lock that ultimately saved the borrower from paying a substantially higher

rate.” The subject property consists of a 12-story,plus penthouse, mezzanine and basement levels, office building and is 100% occupied. The building’s proximity to NYU Langone Medical Center combined has attracted many of NYU’s affiliated departments to locate here. LINDEN & ELIZABETH, NJ — David Turley, Anna Westhoff and Janet Proscia of Cronheim Mortgage have arranged permanent financing totaling $5 million for two adjacent industrial properties. The 10year loan has an interest rate of 4.95% and amortizes over 25 years. Cronheim placed the loan with one of its insurance company correspondents. ■

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6A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

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MAREJ MONTHLY SALES AND LEASE REPORT As Reported In The Mid-Atlantic REAL ESTATE JOURNAL ~ MARCH 11 - APRIL 7, 2011 PROPERTY NAME

ADDRESS

SELLER/ OWNER/ LESSOR

REP. OF SELLER/ LESSOR

BUYER/ TENANT/ LESSEE

REP. OF TENANT/ BUYER

PRICE

Kensington Manor

Hudson Valley, NJ

The Kislak Co.

$15.8m

Forbus Hill

Poughkeepsie, NJ

The Kislak Co.

$5.1m

Eagle Run

HI-NELLA, NJ

Village of Hi-Nella LLC

Gebroe-Hammer

$5.1m

2700 Burlington Ave.

Delanco, NJ

Endurance RE Group

Colliers Int’l

Boise Cascade Bldg.

Woodbridge Towers

ISELIN, NJ

Bergman RE Group

Wallenius Wilhelmsen Logistics Americas

Woodbridge Towers

ISELIN, NJ

Bergman RE Group

Woodbridge Towers

ISELIN, NJ

Bergman RE Group

Hasbrouck Heights, NJ

Marcus & Millichap Lincoln Harbor

Apt

120-unit

Apt

FC-B

307,000 s/f

Whse

FC-B

7015 s/f

Off

VSquare Infotech

3325 s/f

Off

Carnegie Mortgage

2733 s/f

Off

5,500 s/f

Mixed-use

1,000,000 s/f

175,000 s/f

Off

2,400 s/f

Whse

34,500 s/f

Off

10B

12B

15B

S L

FC-C FC-C

FC-C

UBS Financial Services

$500k

WEEHAWKEN, NJ

100 Plaza Dr.

SECAUCUS, NJ

CBRE

1207-1209 Summit St.

Hudson Cty, NJ

Robert De Ruggiero

1100-1108 Bergenline Ave. Hudson Cty, NJ

Robert De Ruggiero

Allwood Atrium

CLIFTON, NJ

DSR Group

Military Park Building

NEWARK, NJ

Inn at Panther Valley

Allamuchy, NJ

884 Marcon Blvd. 3000 Emrick Blvd.

Allentown, PA Allentown, PA

Applied Industrial Techs Hawley Applied Industrial Techs Hawley

Julabo East

525 Lancaster Ave.

Reading, PA

525 Lancaster Avenue Apt., LP

525 Lancaster Partners, LP NAI Keystone

110,000 s/f

2 Oesterling Drive

Reading, PA

Kreitz Corporation

NAI Keystone

31,632 s/f

MP&A Cosmo Motors

APTCOR

NBA Entertainment

Apollo Health Street

Cushman & Wakefield

Pacific Group Holdings

5,000 s/f

Optimum Hotel Brokerage

Lansdale, PA

NAI Keystone

APTCOR

PG 4A

Lincoln Harbor

The Berger Org

S/L S

Weichert

128-unit

DESC. Apt

AVPI and NOIPG & Net Leased Hartz Mountain

SIZE

100-unit

Hotel

$800k 11,000 s/f combined 4,500 s/f

$220k

Off

11,500 s/f

whse

8451 Willard Dr.

Lehigh Valley, PA

Liberty Prop Trust

389,866 s/f

Ind

705 Boulder Drive

Lehigh Valley, PA

Liberty Prop Trust

615,000 s/f

Ind

Chambersburg, PA

Liberty Prop Trust

475,640 s/f

Ind/Whse

Green Hills Commerce Ctr. Allentown, PA

Colliers Int’l

Interim HealthCare

Colliers Int’l

1,500 s/f

Green Hills Commerce Ctr. Allentown, PA

Colliers Int’l

American Electrical Testing

Colliers Int’l

2500 s/f

Colliers Int’l

Comverge

4200 s/f

12,800 s/f

Green Hills Commerce Ctr. Allentown, PA

Weinstein Realty

2301 Pennsylvania Ave.

Philadelphia, PA

Malvern Federal Savings CBRE

34 E. Main St.

King of Prussia, PA

6139 Bristol-Emilie Rd.

Bucks Cty, PA

Shoppes at Silver Spring

Grubb & Ellis

Lexmain Realty Ventures

179,200 s/f

Ind/Whse

6139 Bristol-Emilie Rd.

NAI Mertz

First Baptist Church

12,000 s/f

Off/Whse

Mechanicsburg, PA

Chesapeake Holdings Shoppes

CBC Bennett Williams

RJH Investments

$2.9m

35,000 s/f

Retail

Walker Rd.

Chambersburg, PA

Gateway Ventures, Inc. CBC Bennett Williams

Nandit Mehta

$720,000

2.4 acres

Land

202 East Boal Ave.

Boalsburg, PA

TRIGILD

CBC Bennett Williams

EKTA Enterprises

$625k

2,400 s/f

Retail

2402 East Market St.

York, PA

TRIGILD

CBC Bennett Williams

Eagle International Services

$300k

2,000 s/f

Retail

2800 Concord Rd.

York, PA

Four Concord Ptrs

Those Garage Guys

CBC Bennett Williams

7,000 s/f

Whse

Chelsea Square

Lancaster, PA

Chelsea Square Assos

BJ Consulting

CBC Bennett Williams

2,000 s/f

Retail

Delco Plaza

York, PA

Delco Plaza 1

Girl Scouts

CBC Bennett Williams

1,717 s/f

Retail

137 Rohrerstown Rd.

Lancaster, PA

JoJime Enterprises

Little Ceasers

CBC Bennett Williams

2,000 s/f

Retail

2,755 West Market St.

York, PA

Mary Mulay

Jeff Good

CBC Bennett Williams

1,800 s/f

Retail

30 Industrial Rd.

Lancaster Cty, PA

30-32 Industrial Rd. Assos Landmark

Tarantin Tank & Equipment

Landmark

30,000 s/f

Whse

10C

3401 N. Front St

Harrisburg, PA

NAI CIR

Harrisburg Television

Landmark

4,417 s/f

Off

10C

1670 Toronita St.

Harrisburg, PA

RSR Realtors

SPX Cooling Technologies

CBRE

13C

1151 S. 21st St.

Lwr Swatara Twp, PA USF Holland, Inc.

Temkin South

J.B. Hunt Transport

NAI CIR

14C

7050 Carlisle Pike

Silver Springs, PA

Doug & Jimmie George NAI CIR

Brian Rivers

3401 N. Front St.

Susquehanna., PA

River Oaks Assos

NAI CIR

Harrisburg Television,

Landmark

4,417 s/f

14C

995 Peiffers Ln.

Lwr Paxton Twp., PA

Evanoff Family

NAI CIR

PLACE N.T Goalie

NAI CIR

3,500 s/f

14C

991 Peiffers Ln.

Lwr Paxton Twp., PA

Evanoff Family

Keystone Safety Supply

NAI CIR

2,000 s/f

14C

Brandy Investors

CBC Bennett Williams

11.5+ acre

Land

5,500 s/f

Retail

14C

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 7A

MAREJ MONTHLY SALES AND LEASE REPORT As Reported In The Mid-Atlantic REAL ESTATE JOURNAL ~ MARCH 11 - APRIL 7, 2011 PROPERTY NAME

SELLER/ OWNER/ LESSOR

ADDRESS

5223 E Simpson Ferry Rd. Hampden Twp., PA

R & M Richardson

REP. OF SELLER/ LESSOR

BUYER/ TENANT/ LESSEE

NAI CIR

Infinity Staffing Solutions

ReMax Realty

Suites at Second

2421 Mt. Allen Dr.

Upper Allen Twp., PA JVH Properties

Edmont Plaza

Harrisburg, PA

Homeland Ctr.

420 Market St.

Lemoyne, PA

Paula L. Kostick

NAI CIR

Vu Nguyen

28, 34 W. Main St.

Palmyra, PA

Palm Plaza Assos

NAI CIR

Manish Patel

5221 Simpson Ferry Rd

Hampden Twp., PA

Malik

NAI CIR

Heartland Acres

Bedford, PA

Heartland Acres, LLC

1680 Rohrerstown Rd.

Lancaster, PA

New Prime and Success Leasing

1505 Ford Rd

Bensalem, PA

1299 WForest Grove Rd.

Capital City Family Market and Pizzeria

REP. OF TENANT/ BUYER

PRICE

NAI CIR

SIZE 1,081 s/f

DESC. Off

19 acre NAI CIR

S/L

14C

3,200 s/f

Retail

14C

1,085 s/f

Retail

14C

NAI CIR

1,345 s/f

Retail

14C

Juan and Maria Pasquel

NAI CIR

1,708 s/f

Retail

14C

Cross Roads Bible Church

NAI CIR

12,500 s/f

14C

HighPointe Comm’l.

DAL Partners

NAI Comm’l. Partners

Frantz RE Partnership

Roddy

Vineland, NJ

B.D.G.S.

485 Route 1 South

Iselin, NJ

—

11,500 s/f

Ind

14C

Compass Sign Company

26450 s/f

Ind

17C

Colliers Int’l

Tech Tube

50,000 s/f

Ind

KBS Realty Advisors

CBRE

Progressive Casualty Ins

Colliers Int’l

—

22,494 s/f

Ind

CHARLESTON, SC

RGDC/MWV

Cushman & Wakefield

US Industrial REIT III

—

1.1m s/f

Dist

260 Schilling Circle

Hunt Valley, MD

The Murray Corp

Blue & Obrecht

Metals & Residues Processing MacKenzie Comm’l. RE

—

40,212 s/f

Ind

7045 Troy Hill Dr

Elkridge, MD

—

Cushman & Wakefield

Meadowgate Technologies

Blue & Obrecht

—

14,542 s/f

Ind

1129 20th St. NW

Washington, D.C.

—

CSBS

WLS

—

18,545 s/f

—

North 38

Harrisonburg, VA

Wood Partners and Franklin Holdings

IPA & Marcus & Millichap JMG Realty & Trident Ptrs

IPA

$32.75m

228-unit

Apt

44132 Mercure Circleg

Sterling, VA

The Acacia Group

McShea & Co

GSA

—

69,695 s/f

—

7135 English Muffin Way

Frederick, MD

Ausherman Dev.

McShea & Co

US Pharmacopeia

—

24,746 s/f

—

US 13 and East Snake Rd. Delmar, DE

—

Burke Equipment

SVN Miller

—

8,800 s/f

—

165 Waterfront St.

National Harbor, MD

Good Enterprise

Sloan Street Advisors

—

Marlboro Commons

Marlboro Twp., NJ

Pagano Assos

R.J. Brunelli

Whole Foods

—

40,000 s/f

Retail

FC-C

—

Eatontown

Fidelity Realty

R.J. Brunelli

Wawa

—

2 acre

Retail

FC-C

—

Deal$

—

Retail

FC-C

Bloomfield Plaza

Blomfield, NJ

Bloomfield Plaza Assos —

Dollar Tree

R.J. Brunelli

—

18,200 s/f

Retail

FC-C

Union 22 Town Shopping

Union, NJ

Vanick Properties

Monster Mini Golf

R.J. Brunelli

—

11,200 s/f

Retail

FC-C

—

Middlesex, Union and Bergen

—

Muscle Maker Grill

R.J. Brunelli

—

Retail

FC-C

Buffalo Valley Shopping Ctr. Mifflinburg, PA

—

Marcus & Millichap

—

Marcus & Millichap

$2.83m

73,542 s/f

Retail

Minersville Plaza

Pottsville, PA

MBC Development

NAI Keystone

—

33,000 s/f

Retail

5225 Wisconsin Ave.

Washington, D.C.

Grosvenor Americas

KLNB

Rosa Mexicano Restaurants Sax Realty

—

7304 s/f

Retail

555 Black Horse Pike

Pleasantville, NJ

—

Equity Retail Brokers

Popeyes

—

1 acre

Retail

Tanurb Marlton, LP

Metro Comm’l.

Club Metro USA

—

15,250 s/f

Retail

Meadow’s Edge Marketplace Marlton, NJ

$2.1m

Windsor Hights

EAST WINDSOR, NJ East Windsor

Metro Comm’l.

Party Fair

—

12,500 s/f

Retail

BJs SC

Watchung, NJ

Vornado Realty Trust

—

Buffalo Wild Wings

—

5856 s/f

Retail

Chapel Hill Shopping Ctr.

Middletown, NJ

Stavola Leasing

Fameco

Bone Fish

—

5,400 s/f

Retail

Chapel Hill Shopping Ctr.

Middletown, NJ

Stavola Leasing

Fameco

Hand & Stone

—

3600 s/f

Retail

Sixth Engine

—

3600 s/f

Retail

—

Tom Kostis

SVN – Miller

$495k

5,540 s/f

Retail

25C

425 Massachusetts Avenue Washington, DC

Douglas Development

Snow Hill Rd.

SALISBURY, MD

Tilghman Square

Allentown, PA

—

Colliers Int’l

Bread Box

Colliers Int’l

—

2,480 s/f

—

25C

Tilghman Square

Allentown, PA

—

Colliers Int’l

Metro PCS

KW Comm’l.

—

1000 s/f

—

25C

Cross Roads Plaza

Easton PA

—

Colliers Int’l

Dunkin’ Donuts

Colliers Int’l

—

2000 s/f

—

25C

Cross Roads Plaza

Easton PA

—

Colliers Int’l

Subway

Colliers Int’l

—

1250 s/f

—

25C

Cross Roads Plaza

Easton PA

—

Colliers Int’l

Metro PCS

KW Comm’l.

—

1029 s/f

—

25C

4875 N. 5th St.

Temple, PA

Bernia Sottasante

Homesale Services

Smokes R Us of PA

NAI CIR

—

25C

121-129 South Orange Ave South Orange, NJ

S&C Leasing

The Goldstein Group

Realty Mgmt. Systems

—

$1.15m

8,200 s/f

—

25C

110 Doe Run Rd.

Manheim, PA

Linda H. Marver Trust

NAI Comm’l. Partners

Manheim Dental Assos.

NAI Comm’l. Partners

—

2,450 s/f

—

25C

110 Doe Run Rd.

Manheim, PA

Linda H. Marver Trust

NAI Comm’l. Partners

ABC Phones

Fameco

—

2,450 s/f

—

25C

Berkshire Plaza

Wyomissing, PA

Reading Properties

Interstate Comm’l.

Mattress Warehouse

NAI Comm’l. Partners, LMS

—

6,113 s/f

—

25C

8A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

MID ATLANTIC REAL ESTATE JOURNAL AUCTIONS Max Spann Real Estate & Auction Co.

In real estate, auctions are where the action is at business is booming

LINTON, NJ — Don’t tell Max Spann the real estate market is still lagging. He’s a firsthand witness to an uptick in sellers looking to release their properties and buyer’s ready to capitalize on the low interest environment. Spann, president of Max Spann Real Estate & Auction Co., said the company has seen a significant increase in the number of properties for auction. In the past year, the prominent national real estate auction house has held dozens of auctions and competitive-bid events throughout the nation, including New York, New Jersey, Pennsylvania, North Carolina, Ohio, Virginia, Maryland and Delaware. The company currently has 71 properties for auction across

condominiums in Blue Bell, PA., had more than 250 registered bidders. It was one of

at vacation resorts along the East Coast and 100-acre farms in the expansive coun-

“Auctions are the way to go in an uncertain or recovering market,” Spann said. “ the largest real estate auctions on the east coast.

Max Spann, Jr. the commercial, residential and industrial markets in the Northeast and Mid-Atlantic regions. In the past month, they have held successful auctions for everything from commercial lots to preserved farmland to beachfront properties. An April 3 auction for 36

Not only is the number of properties for auction growing, Spann said the final sales prices are rebounding as well. In early March, Max Spann sold two adjacent parcels of farmland in Monmouth County, N.J., totaling roughly 150 acres, for a total of $1.815 million. During the last five years, Max Spann has seen its business grow nearly 10-fold as it sold hundreds of luxury condos in the Philadelphia region, waterfront condos

tryside of Pennsylvania and western New Jersey. The increase in business resulted in the company opening a second office in the heart of Manhattan. Max Spann, Jr., president of the firm, attributes the company’s success to its business model, which allowed them to thrive while the market was depressed. “Auctions are the way to go in an uncertain or recovering market,” Spann said. “In less certain times, bidders like the idea of being able to name their own price for a

particular property. Sellers like the idea of being able to move multiple units quickly, efficiently and profitably, all within a single day.” Over the next several weeks, Max Spann will be conducting auctions for ocean view residences in Dewey Beach, De., luxury condominiums in Rochelle Park, N.J., beach block homes in Wildwood Crest, N.J., a mixed use residential commercial complex in Bucks County, PA, as well as multiple commercial properties throughout N.J. and farmland in Hunterdon County, N.J. For information on Max Spann’s upcoming real estate auctions and open houses visit their website or follow Max Spann on Facebook/ MaxSpann and Twitter/MaxSpann. ■

Mid Atlantic REAL ESTATE JOURNAL

Auctioneers Directory

N E W J E R S E Y • P E N N S Y LVA N I A • D E L AWA R E • M A R Y L A N D • W A S H I N G T O N D . C . • V I R G I N I A •

PA-MD-VA-W.VA

NJ & PA

NJ-PA-DE-NY-MD-VA

212-213-9770 www.sheldongood.com/jerseycity.php

AUCTIONS NE, LLC

CALL NOW FOR A FREE CONSULTATION

CALL TODAY! NJ-PA-DE-MD-VA

866.4 BIDDERS HURLEY AUCTIONS www.HURLEYAUCTIONS.com

REAL ESTATE JOURNAL The Most Comprehensive Source For Commercial Real Estate News

Linda Christman, Publisher Ph: 800-584-1062 x 203 Fax: 781-871-5299 lchristman@marejournal.com www.marejournal.com P.O. Box 26 Accord, MA 02018

MD-DE-VA

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 9A

MAREJ AUCTIONS

AUCTION MAY 18 & 19

US BANKRUPTCY COURT AUTHORIZED

8 SUBDIVISIONS IN DELAWARE, MARYLAND & NORTH CAROLINA TO BE SOLD ABSOLUTE, REGARDLESS OF PRICE DELAWARE

OAK TREE LANDING 600 Burr Oak Ct., Prince Frederick, MD

CLEARVIEW MEADOW 101 Lady Bug Dr., Dover, DE

242 remaining finished and unfinished lots in a 303-lot Master Planned Development. Single family, twinhome and townhome configuration.

107 remaining townhome lots, 8 of which are partially finished in a 152-lot development. Well located off Rte 2 in Prince Frederick, the development is attractive to Washington, DC commuters. Suggested Opening Bid: $975,000

Suggested Opening Bid: $2,000,000

NORTH CAROLINA MARYLAND

ROSE HILL ESTATES

KINGSTON AT WAKEFIELD PLANTATION

7800 Philadelphia Rd., Rosedale, MD

11731-112 Mezzanine Dr., Raleigh, NC

6.73 acre landsite; potential single family residential development site.

2 finished pad sites totaling the remaining 30 lots in a 295-lot development.

Suggested Opening Bid: $200,000

Suggested Opening Bid: $150,000

BREEZEWOOD AT FALLS RIVER

ARBOR RIDGE 5301 Keech Rd., Arbutus, MD

34.8 acre landsite; potential single family residential development site. Suggested Opening Bid: $350,000

11130-100 Gwynn Oaks Dr., Raleigh, NC

3 finished pad sites totaling the remaining 42 lots in a 212-lot development. Suggested Opening Bid: $250,000

SHADOWBROOK 6450 & 6460 Elibank Dr., Elkridge, MD

WEATHERFIELD

23.3 acre landsite; potential single family residential development site.

Havensite Court, Cary, NC

Suggested Opening Bid: $400,000

A partially completed 161-lot townhome development to be sold in its entirety. Includes 18 finished lots, plus 1 padsite with 6 partially completed townhomes. Well located – close to I-40 & Hwy 55. Suggested Opening Bid: $950,000

CLEARVIEW MEADOW

800.374.4881

www.8Subdivisions.com

10A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

MID ATLANTIC REAL ESTATE JOURNAL

GET YOUR NAME At 2 N. Charles St. in Baltimore, MD IN THE PAPER!!! Cushman & Wakefield

NEWSRELEASES& completes 24,158- s/f lease PHOTOS WANTED B Next publication date: February 24th

The Mid Atlantic Real Estate Journal welcomes all editorial dealing with the

commercial/industrial real estate industry • • • •

Brokered transactions New services or products Projects completed or underway Expert articles

312 Market St., Rockland, MA 02370

E-Mail: editor@marejournal.com Website: www.Mid Atlanticjournal.com Call: 1-800-584-1062/781-871-5298 | Fax: 781-871-5299

A LT I M O R E C I T Y, MD — FRANKLIN & PROKOPIK, P.C. has renewed and expanded to a 24,158 s/f lease at 2 N. Charles St. in Baltimore. The law firm of Franklin & Prokopik is headquartered at 2 N. Charles and is the building’s largest office tenant. The firm also has locations in Easton and Hagerstown, as well as Herndon, VA and Tampa, FL. The building, formerly known as the B&O Building, was renovated in 2007. It is now home to the Hotel Monaco of Baltimore along with 40,270

s/f of office space. Tim Jackson with Cushman & Wakefield represented the tenant. The landlord, ARC Properties, Inc., was self-represented by Bill Wheeler. Selective Insurance has renewed its 10,784s/f lease at 6 North Park Dr. in the North Park Business Community in Hunt Valley. Tim Jackson with Cushman & Wakefield represented the tenant. The landlord, Liberty Property Trust, was self-represented by Todd Summerfield. ■

N. Charles St.

APARTMENT & COMMERCIAL LOANS ARE NOW AVAILABLE AT GREAT TERMS ARRANGED BY

FORMAN MORTGAGE CO. APARTMENT & COMMERCIAL FINANCING SPECIALISTS FOR OVER 50 YEARS

Apartments 4.25% - 5% * Commercial 4.50% - 5.25% LOANS TO 75% LTV OR 100+% with COLLATERAL AMORTIZATION TO 30 YEARS * RENEWALS AT NO COST MOST LOANS - NON RECOURSE NO PRE PAYMENT PENALTY PERIODS

FORMAN MORTGAGE CO. NJ’s LARGEST INDIVIDUALLY OWNED COMMERCIAL MORTGAGE BROKER

HAS ARRANGED FINANCING FOR THESE RECENT LOANS: • $3,900,000 Apartment & Offices - Bergen County - 4.50% • $3,800,000 Apartments - Atlantic County - 4.35% • $500,000 Apartment - Monmouth County - 5.0% • $3,200,000 Apartments - Union County - 4.50% • $4,000,00 Retail - Pennsylvania - 5.25% ( 25% Personal Liability)

FORMAN MORTGAGE CO. THE APARTMENT & COMMERCIAL FINANCING SPECIALISTS

PHONE (973) 625-7982 FAX (973) 625-7985 EMAIL paul@formanmortgage.com TOTAL LOANS PERSONALLY PLACED EXCEED $1,500,000,000 March. 11

All loans subject to final lender approval.

McShea & Co.’s Etches brokers 40,000 s/f lease HAGERSTOWN, MD — McShea & Company, Inc. announced it represented the landlord, Warehouse & Terminal Properties in the leasing of 40,000 s/f to Cosmo Films at 16038 Business Parkway in the Huyetts Business Park in Hagerstown, MD. Cosmo Films Ltd is a manufacturer of thermal lamination films with global sales of approximately $140 million. Cosmo Films will use the facility for warehousing of product. Julian Etches was the McShea broker involved in this transaction. McShea & Company represented the landlord, E and F Partnership in the leasing of 24,000 s/f to Fisher Bioservices, Inc. at 12401 Washington Avenue in Rockville. Fisher BioServices is a leading provider of specialized biological material management services to pharmaceutical and biotech companies, national, state and institutional organizations. They signed a three year renewal. Ro Waldron was the McShea broker involved in this lease. ■

Blue & Obrecht Realty handles 27,100 s/f lease WINDSOR MILL, MD — Maricom Systems leased 27,100 s/f at 7142 Ambassador Rd. Richard Blue, Jr., SIOR, Paul Obrecht, III, SIOR and Krager Sanders of Blue & Obrecht Realty, LLC represented the landlord, First Industrial Realty Trust / FR Ambassador Road II, LLL, and David Fields of CB Richard Ellis represented the tenant. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 11A

MID ATLANTIC

BUSINESS CARD SERVICE DIRECTORY ELECTRICAL CONTRACTOR

ASPHALT • PAVING • CONCRETE

APPRAISAL

Phone: 732.360.9050 Fax: 732.360.0469 www.lunarelectric.com

ELECTRICAL CONTRACTOR, INC.

RON GIAMBRONE ! PO BOX 777 ! OLD BRIDGE, NJ 08857 COMMERCIAL ! RESIDENTIAL ! DATA/COM NJ LIC# 10775 EMAIL: ron@lunarelectric.com INSURED & BONDED

ENVIRONMENTAL ENGINEERING

ENVIRONMENTAL

ENGINEERING

ENVIRONMENTAL SYSTEMS P.O. Box 1181, Pt. Pleasant, N.J. 732-892-8707 EXPERTS IN ENVIRONMENTAL REMEDIATION Groundwater Investigation & Remediation Environmental Phase I & II Audits Oil Tank Testing/Removal Indoor Air Quality/Mold Testing

NJDEP Permits (Air, Water, Wetlands) Brownfields Development Professional Testimony Statewide Service Geoprobe Services ISRA/ECRA

WWW.DEPENVIROSYSTEMS.COM

INTERIOR PLANTING & DESIGN

SITE ENGINEERING

LAUNDRY SERVICES Call Fowler today to find out how we can make your laundry room more profitable. 800-334-1824 X127

www.landmarkjcm.com 302.323.9377 Commercial Mortgages / Business Loans

George D. MacBeth President Northern New Jersey

Ted C. Williams, P.E. Construction Loans Principal, / Workouts / Consulting Business Development

P.O. Box 73 • Haworth, NJ 07641 201.387.7997 • 201.264.3476 • Fax 201.387.7995 gmacbeth@fdsnnj.com X www.foliagedesign.com

Fowler www.fowlercompanies.com The Commercial Laundry Specialists

LandmarkJCM 100 West Commons Blvd., Suite 301 New Castle, DE 19720 tedw@landmarkjcm.com

Serving apartment communities since 1952 * Commissions - Sales - Service

1451GMacBethBC.indd 1

8/11/08 12:24:30 PM

Would like to be included on this page call:

Make your business card work as hard as you do

Linda Christman lchristman@marejournal.com (800) 584-1062 / (781) 871-5298 • Fax (781) 871-5299 or Your Account Executive

PR /

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for mor

man t s i r h C da Call Lin /800-584-1062 5298 1 7 8 1 78

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12A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

555 E. North Lane, Suite 6125 Conshohocken, PA 19428

President Douglas Sayer Colliers International

Phone/Fax: 610-238-9950 / 610-238-9959 E-Mail: tristate@tristaterca.com Website: www.tristaterca.com

2011 Officers & Directors President Douglas Sayer Colliers International

President Elect Michael P. McCurdy Jones Lang LaSalle

Vice President (Pennsylvania) Paul G. Garvey Cushman & Wakefield of PA

Vice President (New Jersey) Jonathan Glick Sheldon Gross Realty, Inc.

Secretary VP (Delaware) Gregory Ellis, CCIM Patterson Woods Commercial

Treasurer Ralph A. Magnatta, CPM Brite Realty Services

Immediate Past President James A. Egan Grubb & Ellis Co.

Director Advisory Council J. Robert Clements Grubb & Ellis

Director Advisory Council John Derham Cushman & Wakefield of PA

Director David A. DePetris Legend Properties

Director Louis J. Battagliese Jackson Cross Partners, LLC

Director J. Scott Gabrielsen Binswanger

Director Jeffrey B. Goldstone Herbert Yentis & Company

Director Gene McHale Beacon Comm’l. Real Estate

Director Barry P. Mertz NAI Mertz Corp

Director Todd Monahan Jones Lang LaSalle

Director Steven G. Michaelson Tornetta Realty Corp.

Director John P. Morrissey Jackson Cross Partners

Director Tony Nichols, Jr. Liberty Property Trust

Director Rocco Perate square 1 financial

Director Greg Soffian Studley

Director JoAnn West Lieberman Earley & Co.

SEE PAGE 17B FOR UPCOMING EVENTS

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 13A

MID ATLANTIC REAL ESTATE JOURNAL

WALTER R. COHN, ESQ. MEMORIAL EXPO APRIL 13, 2011 THE WILSHIRE GRAND, WEST ORANGE, NJ

14A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

On Wednesday, April 13, 2011, the Property Owner’s Association will proudly present its’ annual trade show, The Walter R. Cohn, Esq. Memorial EXPO, The Wilshire Grand in West Orange will once again be the host to this premier event. The doors will open to the public at 5:00p.m. The evening is sponsored by Shore Insulation-Platinum Sponsors; Gold Sponsors-HD Supply Facilities Management, M. Miller & Son, Rosen & Rifkin Ultimate Property Loss Consultants, Shore Insulation; Gold Sponsors-Servpro of Freehold. Buffet dinner stations will be positioned throughout the hall during the evening and a cash bar will be available during the course of the exhibition. POA members will be able to talk one on one with exhibitors about the latest technology and information available to the multi-housing industry. POA anticipates an expanded exhibitor offering this year with our current space hosting more than 57 suppliers and vendors to the industry under one roof, sharing their knowledge, experience and expertisewith both POA members and guests. Prizes will be awarded during the event and multiple tickets will be given to those who arrive early in the evening. A special grand prize will be presented at the end of the evening. Attendance is FREE to POA members, while guests and non-members can attend for $45.

WHO ARE THE POA The POA is a member directed organization. The directors come from a wide range of industries including owners and the businesses that support them. The directors are elected from the membership and the executive director is a professional position.

POA Board of Directors President Cindy Raskind

Vice President Tom Pahos

Secretary Jerry Cheslow

Danor Realty 15 Curtis Avenue West Orange, NJ 07052

Cervelli Management 7800 River Road North Bergen, NJ 07047

Osher Companies PO Box 417 East Brunswick, NJ 08816

(973) 736-2822 (973) 736-4353 (Fax)

(201) 868-6300 (201) 868-6055(Fax) tom@realestatenj.com

(732) 257-7847 (732) 254-7877(Fax) jcheslow@oshercompanies.com

2011 General Membership Meeting Dates January 12 MOVED TO 19th The State of the Real Estate Market in New Jersey

June 15 Landlord Tenant Law September 14

March 9 You Can Fight City Hall-Hearings Explained April 13

Fair Housing October 5 Dept. of Community Affairs Update November 9

EXPO -Call for sponsorship information

Due Diligence The Art of the Real Estate Deal

May 11

December 7

NJAA Legislative and Regulatory Update

Social Media and Technology

Contact the Property Owners Association of NJ Property Owners Association of New Jersey 1072 Madison Ave., Lakewood NJ 08701 • Phone: (732) 780-1966 • Fax: (732) 780-1611 •E-mail:info@poanj.org

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 15A

POA, WALTER R. COHN, ESQ. MEMORIAL EXPO By Alan Mandel, Aaron & Company

The Great Toilet DebateTo Flap or Not to Flap?

he evolution of the toilet has been going on for centuries, with artifacts dating back to the ancient Romans and Egyptians, (around 2800 BC). The modern toilet was designed in the late 17th century and has gone through hundreds of permutations to become one of the most sophisticated contraptions in the home. Advanced technology has been integrated into some of today’s toilets that include: Automatic flushing, water jets, blow dryers, artificial sounds (to mask bodily function noises), deodorizing fans and even a urine and stool analysis. The Japanese make toilets where you can play interactive video games based on sensors detecting the flow output, called the Toylet….or in India there are toilets that compost and process the waste materials for future use as fertilizer for crops. Of course new measures to conserve water have also brought innovations like; dual flush toilets, waterless urinals and low water consumption models that flush on less than a gallon of water. With the U.S. government mandating that all toilets flush at the rate of 1.28 gpf (gallons per flush), every toilet manufacturer has developed their own version to conform to the new codes. Most of today’s gravity flush toilets work on the principle of a flushing tank, water pressure and the consistent performance of a flapper/stopper sealing the flow of water from the tank to the bowl. As many property owners know, this flapper can leak due to improper seating or normal “wear and tear” from corrosive elements in the water. The result is a toilet that wastes water, and a call to the office for maintenance to fix this recurring issue. The fix is simple; to either replace the flush valve or other components, but it still requires an action that will inevitably cost the property owner money, time, and resources. Sometimes the old technology still works the best. In the case of the toilet this has been done by the Niagara Conservation company and

their patented design of the “flapperless” toilet. It eliminates the potential for leaks from the flapper or flexible seal. Based on a simple design of a tipping bucket and lever handle that empties 1.28 gallons of water into the tank, it flushes the waste and then refills the bucket, never needing to re-seat a flapper or leaky seal or require a call to maintenance. These “flapperless” toilets are available in New Jersey through Aaron & Company, New Jersey’s largest inde-

pendent wholesale distributor of plumbing, heating and cooling products. With 7 different branch locations throughout the state, Aaron & Company services the needs of the multi-family housing and new construction market, with a mix of products that includes Water Sense fixtures, and Energy Star water heaters, boilers and air conditioning products. They are full line distributors of American Standard, Gerber, Bradford White, Burnham, Delta,

Moen, and many other products that are utilized by their customer base. A fleet of over 25 trucks delivers products throughout the state, and if ordered by 5pm, they can count on an accurate delivery, the next day. Aaron & Company also provides a web order entry system, which gives customers 24/7 access to ordering and access to their accounts. In addition they have a strong technical support staff that includes training and system sizing. Celebrating their 80th

year in business, Aaron & Company is looking forward to helping property owners with all of their mechanical needs. So when you are considering replacing the toilets in your properties, remember that “new and exciting” may be sexy and smart, but the good old fashioned tipping bucket can do the same thing, and save you money in the long run. Alan Mandel is the housing market manager for Aaron & Company. ■

They wrote the policy. We make sure they write the check.

M. MILLER & SON Public Adjusters

Since 1960 1211 Liberty Ave., Hillside, NJ 07205 ● Tel: 908-355-4800 adjuster@mmillerson.com ● www.mmillerson.com

16A â&#x20AC;&#x201D; March 11 - 24, 2011 â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

MAREjournal.com

POA WALTER R. COHN, ESQ. MEMORIAL EXPO EXHIBITOR LIST A. Molly Company PO Box 243 South Orange, NJ 07079 amollycompany@verizon.net 973/674-3300

Elias B. Cohen & Associates 101 Eisenhower Parkway Roseland, NJ 07068 jonathan_cohen@cohenins.com 973/403-9500

Levy, Ehrlich & Petriello 60 Park Place, Suite 1016 Newark, NJ 07102 bruce@lep-lawyers.com 973/643-0040

Overhead Door Company of the Meadowlands 20 Meta Lane Lodi, NJ 07644 jai@dockndoor.com 973/471-4060

Aaron & Company 30 Turner Place Piscataway, NJ 08855 amandel@aaronco.com 732/752-8200

EPIC Security Corp. The EPIC Building 2067 Broadway New York, NY 10023 selwyn@epicsecurity.com 800/548-3434

LEW Corporation 1090 Bristol Road Mountainside, NJ 07092 lsang@lewcorp.com 908/654-8068

P. Cooper Roofing 970 River Road Croydon, PA 19021 steve@cooperroofing.com 800/945-2833

Acadia Windows & Doors 930 Todds Lane Baltimore, MD 21237 hfahl@acadiawindows.com 800/638-6084

Feinstein, Raiss, Kelin & Booker 100 Executive Drive, Suite 360 West Orange, NJ 07052 rneadel@frkblaw.com 973/324-5400

Lundt Combustion Systems 381 Woodside Ave Newark, NJ 07104 chuck@lundt.com 201/400-2927

Pest Plus 518-7 Old Post Road Edison, NJ 08817 info@pestplus.net 732/777-6857

For Rent Media Solutions 555 Route 1 South, Suite 150 Iselin, NJ 08830 chris.lindish@forrent.com 732/326-3080

M. Miller & Son LLC 1211 Liberty Ave Hillside, NJ 07205 adjuster@mmillerson.com 908/355-4800

Hanlon Niemann P.C. 3499 Route 9 North, Suite 1F Freehold, NJ 07728 chanlon@hnlawfirm.com 732/863-9900

Manhattan Welding 1434 Chestnut Ave Hillside, NJ 07205 andrew@manhattanwelding.com 908/687-4494

ALC Environmental 121 W 27th Street #402 New York, NY 10001 claudio.gonzalez@alcenvironmental.com 212/675-5544 Anco Environmental 1 Russo Place Berkley Heights, NJ 07922 barbara@ancoenv.com 908/464-9200 Belfor Group Inc. ChemTec Pest Control 186 Saddle River Road Saddle River, NJ 07663 eteifer@chemtecpest.com 201/843-0780 City Fire Equipment Co. 733 Ridgedale Ave East Hanover, NJ 07936 laura@cityfire.com 973/560-1600 x201 Coinmach Corp. 8 Corporate Drive Cranbury, NJ 08512 creeves@coinmachcorp.com 201/538-7145 Computex Management PO Box 1028 Orange, NJ 07051 computex@earthlink.net 973/675-7005 David Lerner Associates 400 Frank W. Burr Blvd. Teaneck, NJ 07666 201/371-2688 Doors2Fit.com 4 Speielman Road Fairfield, NJ 07004 em@doorsfit.com 973/575-9300 Eastern Waterproofing & Restoration Co. 350 Communipaw Ave Jersey City, NJ 07304 chuckewrnj@aol.com 201/434-4548

HD Suppy Facilities Maintenance 1100 John Galt Way Burlington, NJ 08016 dennis.calogera2@hdsupply.com 848/299-3072 Hercules Corp. 550 West John Street Hicksville, NY 11801 barry.heller@hercnet.com 516/281-8754 High Grove Landscaping 718 Main Street, Suite 205 Boonton, NJ 07005 jj@highgrovelandscaping.com 973/794-3303 Kenneth Jaffe Advertising 71 Valley Street South Orange, NJ 07079 kjinc103@aol.com 973/378-3200

Marcus & Millichap 611 River Drive, 4th Floor Elmwood Park, NJ 07407 michael.fasano@marcusmillichap.com 201/582-1000 Metro Energy 1011 Hudson Ave Ridgefield, NJ 07645 lgilgar@hopenergy.com 877/448-3799 x8015 Mitchell Supreme Fuel Co. 532 Freeman Street Orange, NJ 07050 bbozik@supremeenergyinc.com 973/678-1800 NATGASCO 532 Freeman Street Orange, NJ 07050 bbozik@supremeenergyinc.com 800/840-4GAS

Kislak Company Inc. 1000 U.S. Highway 9 North Woodbridge, NJ 07095 jpucci@kislakrealty.com 732/750-3000x214

National Tenant Network PO Box 1023 Turnersville, NJ 08012 jborodin@ntnonline.com 800/422-8299

KRB Pest Control 31 Cross Street West Orange, NJ 07052 krbpestcontrol@verizon.net 973/669-8030

New Jersey Property Management 13 Rockland Terrace, 2nd Floor Verona, NJ 07044 bratch7261@yahoo.com 973/433-7561

L. Epstien Hardware Co. 268 Main Street Orange, NJ 07050 hardwaredad@aol.com 973/673-3233

Next Generation Trust Services 75 Livingston Ave Roseland, NJ 07068 info@nextgenerationtrust.com 973/533-1880

Rifkin & Rosen Ultimate Property Loss Consultants 200 Craig Road Manalapan, NJ 07726 larry@rosenaff.com 609/587-5600 Ronald Diskin Associates PO Box 440 East Hanover, NJ 07936 rdiskin@rdains.com 973/599-6000 x11 Royal Cleaning 98 Broughton Ave Bloomfield, NJ 07003 royalcleaning03@yahoo.com 973/743-0100 SEBCO Laundry Systems, Inc. 30 Route 22 West Greenbrook, NJ 08812 stevebreitman@sebcolaundry.com 732/752-9000 Schechner Lifson Corp. 4 Chatham Road Summit, NJ 07901 info@slcinsure.com 908/598-7800 Screening Reports 550 American Ave, Suite 203 King of Prussia, PA 19406 dscott@screeningreports.com 866/389-4042 Servpro of Freehold 1014 Route 33, Suite 2 Freehold, NJ 07728 amarcus@servprooffreehold.com 732/431-4440 Shore Insulation 6 Worthington Ave Spring Lake, NJ 07762 linda@shoreinsulation.com 732/470-2248 The Provident Bank 115 Perry Street Newark, NJ 07105 isabel.rodrigues@providentnj.com 973/465-7961 Waldor & Schulman 100 Morris Ave Springfield, NJ 07083 aschulman@waldorschulman.com 973/346-8400

MAREjournal.com

Mid Atlantic Real Estate Journal — April 8 - 21, 2011 — 17A

Mid Atlantic REAL ESTATE JOURNAL

BILLBOARD

CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS • CLASSIFIEDS

Coldwell Banker Commercial Bennett Williams 110 N. George Street; 4th floor York, PA 17401

Commercial Leasing/Sales

Property Management IDEAL LOCATION in BETHLEHEM, PA

Landlord Representation

Busy corner with maximum on-street visibility. 6 apartments, all leased & occupied. · 1900 sq ft ground level commercial area for lease or owner use. · Rear 2 car garage with 12’ ceilings for street deliveries & paved parking space for 4 cars

Tenant Representation www.bennettwilliams.com

Site Selection

717-843-5555

Building is in the heart of the revitalized South Side business district, near the Discovery Center, the Sands Casino and Lehigh University.

ACHEY REAL ESTATE $565,000 610-868-1810

Data Center Available

J E S S U P , P E N N S Y LVA N I A

AVA A B LE IM M E IL D IAT E LY 0'

15 ock 6D ock 4D

ors Do

200 SF to 16,000 SF

Available 1/1/08 92,600 s.f.

ors Do

0' 44

Mercer County, NJ

NORTHEASTERN PENNA. SALE & LEASE OFFERINGS

•

Leased 58,500 s.f. 0' 24

(1) 2,000 AMP / 480 Volt Service

0' 20

Mid-Valley Sus qu eh a

Scranton

(1) 2,000 AMP/ 13,200 Volt Primary power Service.

iver are R

ive r

380

Wilkes-Barre 476

Constructed in 1991 with expansion in 1994

•

Retail – Wilkes-Barre. 11.42 acres across from Wyoming Valley Mall at signalized corner.

•

200 Acres with 54,000 manufacturing in multiple warehouse and residential buildings. Marcellus gas rights available.

•

Food warehouse, 28,000 SF, 3.7 acres with freezer and cooler spaces.

aR nn

Located approximately one mile to new highway interchange for State Route 6 (Robert P. Casey Highway), and five miles on State Route 6 to Interstate 81

1270 Mid-Valley Drive is located in the Scranton/ Wilkes Barre/Hazelton industrial market. This building of 151,100 square feet (640’ x 240’) on 8.5 acres is conveniently located within the Mid-Valley Industrial Park with excellent access to State Routes 6 and 247, and Interstates 81, 380, 84 and 476.

1270 Mid-Valley Drive

Industrial Land – 10.7 acre site in Valmont Industrial Park for sale. Zoned for manufacturing. Close to I-81 & I-80. Approved for 126,000 SF building. Office – Under construction, 29,000 SF Class A office building adjacent to downtown Scranton, PA. Various suite sizes, lease or ownership opportunity.

92,600 square feet of space is available Convenient front-loaded building

Hazelton

Clean, functional space Fenced lot 21’ - 24’ clear height

201-488-4000 www.sorce.com

Column spacing 25’ x 60’ 10 dock doors of 9’ x 9’ plus 1 drivein door of 10’ x 12’ 150’ loading court One West First Avenue, Suite 315 • Conshohocken, PA 19428 (610) 828-8484 • Fax (610) 828-9699 • www.equilibriumequities.com

This space is available 800-584-1062

Mercer County, NJ 9,000 SF Class 10K 9,000 SF Class 100K Expansion to 27,000 SF (1) 2,000 AMP / 480 Volt Service (1) 2,000 AMP/ 13,200 Volt Primary power Service

Scranton, PA 570-207-4100 info@hinerfeldcommercial.com

Locations Wanted Consistently Ranked #1 Franchise 45+ Year Track Record

We’re looking for sites in PA Flexible Space Requirements End Cap, In-line, Free Standing Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports Local Contacts: Eastern PA — Philadelphia PA —

610-366-8120 x 24, Cheryl Green green_c@sdepa.com 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

realestate.subway.com www.subway.com

Back Cover A — April 8 - 21, 2011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

3RD ANNUAL GREEN BUILDINGS SUMMIT 2011

When: June 2 Where: Trenton Marriott Downtown NJ

Corporate leaders are now spending more time dealing with issues relating to sustainability and corporate social responsibility than ever before. At the same town, more companies are focusing their efforts on environmental issues - energy efÀciency, renewable energy, environmentally preferable building materials, waste reduction and indoor air quality, than anything else. Learn more from experts by attending The 3rd Annual Green Building Summit, June 2. Sponsorship, Speakers and Exhibiting opportunities are available. Limited opportunity. For more information please call: Linda Christman 800-584-1062 ext. 203

EAL

ESTATE JOURNAL

NEW JERSEY

SMHOPPING C ENTERS A R E J ID

TLANTIC

EAL

STATE OURNAL

Section B of the Mid ATLANTIC Real Estate Journal

CAN DO/ Koi Spa Salon renew 61,000 s/f lease

IVC PFV & Lincoln Equities Group acquire 550,000 s/f mixed-use development

RINCETON, NJ — IVC PFV, LLC and Lincoln Equities Group acquired the Princeton Forrestal Village a mixed-use development consisting of 550,000 s/f. “Lincoln Equities Group sees the Forrestal Village as an exciting opportunity in the highgrowth sector of mixed-use communities, located right in the heart of Central New Jersey along the Northeast Cor-

ridor transportation line, and next door to world renowned Princeton University,” said Daniel Ackerman, senior director of leasing, Lincoln Equities Group. “As the economy continues to rebound, we believe we will see more opportunities of this kind become available across the state of New Jersey.” “Princeton Forrestal Village will provide substantial

APRIL 8 - 21, 2011

HI-LIGHTS Schar USA names Stanker & Galetto general contractor Stanker & Galetto has been selected by Schar USA to build the first U.S. manufacturing facility for this specialty food manufacturer. See page 5B.

Summit Assoc. reintroduces 23,000 s/f office building Briad Lodging Group based in Livingston has announced that it has broken ground on a 120 room Homewood Suites in Atlantic City/ Egg Harbor. See page 13B.

ALSO INSIDE: SOUTHERN NEW JERSEY SPOTLIGHT ............................. 5-12B SOUTHERN NJ CHAPTER APPRAISAL INSTITUTE ...........10-11B ICREW NJ ORGANIZATION ..............................................14B ASK AN EXPERT DIRECTORY ..............................................15B PEOPLE ON THE MOVE ......................................................16B Section B, 20 pages

MAREjournal.com

Princeton Forrestal Village in-place income in addition to creating value and upside as we lease vacant suites and convert some retail vacancies to medical office use,” said Joel Bergstein, president, Lincoln Equities Group. “By way of example, ownership has recently completed a new lease transaction with Surgical Specialists of Princeton for a total of 12,400 s/f.” Ackerman completed a 61,000

s/f long-term lease renewal on behalf of CAN DO/ Koi Spa Salon at Princeton Forrestal Village. Lincoln Equities’ Daniel, senior director of leasing, represented the owner in this transaction. “The CAN DO/ Koi Spa Salon Center has been an important part of the regional fitness community within the Princeton sub-market for several years,” said Ackerman. “With

its more than 4,000 and growing membership, we welcome the CAN DO/ Koi Spa Salon renewal as a vital and attractive mainstay to the Princeton Forrestal Village and we look forward to continuing to service their needs as they further expand their membership in the future.” “The completion of this lease transaction illustrates the positive absorption that we are seeing in the Princeton submarket, especially in the first quarter of 2011, which signifies an important and continuous shift toward recovery in New Jersey’s real estate market,” said Joel Bergstein. “As the economy inches toward stability, we look forward to attracting new tenants, and satisfying our current tenants, in this well-maintained, highly amenitized mixed-use facility.” Occupying a 61,000 s/f footprint, the tenant’s state-ofthe-art space includes amenities such as The Muscle Maker Grill, a state-of-the-art aerobic swimming facility and a daycare center. ■

Manage & operate the central business district bldg.

Berger Organization acquires 200,000 s/f in Newark NEWARK, NJ — The Berger Organization has purchased a controlling interest in 570 Broad Street LLC, a partnership, and will manage and operate the central business district office building of the same name. Originally constructed in 1960, the 15-story tower offers a total of 200,000 s/f of office space with groundfloor retail space. “This building is a Newark landmark, and we are pleased to add this outstanding property to our growing portfolio in the City of Newark,” said Miles Berger, chairman and chief executive officer of the Newarkbased Berger Organization.

570 Broad Street “Our plans are to reposition the building in the Newark office market, re-establishing it as a

first-class, class A building. “Over the past year, 570 Broad Street LLC has updated the office spaces with the latest technology, installed new stateof-the-art high-speed elevators, HVAC and security systems, and high-speed fiber-optics,” Berger said. “Our ongoing plans call for a parking element with one space per 1,000 s/f, a conference room for use by tenants, and a fitness center for tenants and their employees.” “We have recently seen an increase in activity in the Newark office market, including considerable interest in the availabilities at 570 Broad Street,” said Berger. ■

B Inside Cover — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

“WE’VE GOT NEW JERSEY COVERED” WAY BELOW MARKET PRICES – For SALE or LEASE Starting @ $2.50 PSF and $45 PSF

1,920 SF – PISCATAWAY 300 SF Ofc, 20’ Clgs, 1 DI AVAILABLE IMMEDIATELY

24,000 SF - LINDEN 2,000 SF Ofc, 15’ Clgs, 3 TB, 2 DI AVAILABLE IMMEDIATELY

51,750 SF – BERKELEY HEIGHTS

GARWOOD – Available Imm 5,063 SF – 500 SF Ofc, 15’ Clgs, TB, DI 7,611 SF – 1,200 SF Ofc, 16’ Clgs 1 TB

1,500-3,000 to 21,000 SF EDISON Up to 14,000 SF Ofc, 18’ Clgs, TB, DI AVAILABLE IMMEDIATELY

35,224 SF – AVENEL Up to 14,000 SF Ofc, 21’ Clgs, 4 TB, DI DIVISIBLE – Near Exit 12 AVAILABLE IMMEDIATELY

41,300 – 67,630 SF - TOTOWA

53,500 SF - MILLBURN

55,555 SF – SOUTH PLAINFIELD

3,600 SF Ofc, 8 TB, DI 6,000 SF Freezer / 8,750 SF Cooler

8,000 SF OFc, 22’ Clgs, 5 TB, DI AVAILABLE IMMEDIATELY

4,000 SF Ofc, 16’ Clgs, 10 TB AVAILABLE IMMEDIATELY

6,000 SF Ofc, 20’ Clgs, 6 TB, DI AVAILABLE IMMEDIATELY

30,000 - 72,000 SFEAST BRUNSWICK

73,000 SF - EDISON

85,600 SF - MONROE

3,000-8,000 SF Ofc, 16’ Clgs, 10 TB, DI, 3,600 SF New Ofc, New Ldg, RAIL 15,000 SF Ofc, 21’ Clgs, 9 TB, 2 DI Extra Trailer Pkg, Heavy Power AVAILABLE IMMEDIATELY Extra Land, Near Exit 9 NJ Tpke AVAILABLE IMMEDIATELY For Additional Listings or Information Check Us Out On The Web:

www.bussel.com

Bussel Realty Corp. 2 Ethel Road, Suite 202 A, Edison, NJ 08817

(732) 287-3777 / Fax (732) 287-1090 / www.bussel.com The information herein has been obtained from sources deemed to be reliable, but no guarantee of its accuracy is made by the Company. In addition, no representation is made respecting measurements, dimensions, zoning, condition of title or any matters of a legal or environmental nature. Such matters should be referred to legal counsel for determination. Subject to errors, omissions or withdrawal without notice.

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 1B

Worst Snowfall In 51 Years Crushes & Shreds Roofs Over Entire East Coast! After the meltdown the demand for roofing will be higher than ever — No question about itHeavy rains, sleet and extreme snow falls have seriously damaged roofing on commercial and residential buildings up and down the East Coast of our great country. Each severe weather event stresses, and damages, or causes failure of that physical insurance policy we all call a roof. Make no mistake this will cause a big mess and long waiting lines to fix or replace all those roofs. Extra heavy on the replacement . . .

Hate waiting in line? The stress of getting our lives and businesses back to normal is very much dependant on the roof over our heads. Our lives and businssses have been greatly affected and the economic losses downtime to both are staggering. The longer you wait the worse it will get. Act now to secure your place near the frontline before the waiting list gets too long.

How many more times? In this tough economy, no one wants to have to spend money on roof repair or replacement. We would rather take a vacation to somewhere warmer…Right? But we know we all have to face the truth sooner or later, don’t we? We all know when the time comes there’s no avoiding it anymore. Once again the disruption of our lives and businesses are at stake. So the question is: How many more times do you want to do this?

Band-Aids are for finger cuts! Throwing good money after bad roofing is a sure way guarantee you’ll be going through the hassle, frustration, and loss of business all over again! Very likely sooner than you think. Ask yourself: can you afford to do this? Be sure to weigh the long term costs of “repair only” now, verses “replace it” and be done. It is critically important you work with a company that will tell it to you straight and help you with your insurance company. To make it easier for you, we accept insurance payments too.

Two ways to get going: 1) Contact Weather Tight Systems today by visiting our corporate website at www.weathertightroof.com 2) Call us directly for faster service at 877-893-9200. We will promptly set up the free video evaluation and consultation of up to three commercial roofs at a time. Don’t wait – the snow will melt and the clock is ticking!

4 Layers of Protection NO LEAKS EVER! Highest Wind Uplift System Available at - 495psf

Systems, Inc. 17 Fuller Street Totowa, NJ 07512

Call Mike Anthony - Toll Free www.weathertightroof.com

2B — April 8 - 21, 2011 — New Jersey — Mid

SEBCO

Atlantic Real Estate Journal

NEW JERSEY

Laundry Systems“

Gralla and Scancarella rep Movado

CresaPartners handles 90,050 s/f lease in Mack-Cali Ctr. II

The Finest In Metered Laundries

ARAMUS, NJ — MackCali Realty Corporation announced that Movado Group has signed a five-year, 90,050 s/f lease extension at Mack-Cali Centre II, 650 From Rd. The lease now carries a 2018 expiration. Movado’s space at the 348,510 s/f, class A Mack-Cali Centre II serves as the company’s corporate headquarters. Movado was represented in the transaction by Dennis Gralla and James Scancarella, both of CresaPartners. Mitchell Hersh, president and chief executive officer

1-800-SEBCO-88 (1-800-732-2688)

http: www.SEBCOLaundry.com e-mail stevebreitman@sebcolaundry.com

Feature Your Project

HOBOKEN, NJ — Bob De Ruggiero, president of Robert De Ruggiero, Inc, leased the first floor of the 4- story industrial building at 1012-1022 Grand Street in Hoboken. The concrete building has 14’ ceilings Bob De Ruggiero and parking for 3 cars, a freight elevator and one loading dock.

in the

Mid Atlantic Real Estate Journal

April 23 - May

PROJECT

13, 2010

AND

— Proj

ect of

LEASING

the Mon th — Mid

MANAGER

Atlantic

Real Esta

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SHOPPIN

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CEN

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ARC fering enhanced ho TERS PROJECT OF of FraProperties spitality services for THE MONTH the nklin In D Place c. announ visitors of Philadelph in Cen ce ia ter Cit s the plan nin y Phil adelp g hia Mid Atla

DESIGN

ARCHITEC

The owner, D. Kwitman & Son, Inc., transacted a 3-year lease with a 3-year option with Stylcrest Fabric, Ltd, a West New York company. “There is a demand in Hudson County for clean industrial/commercial space”, De Ruggiero stated, and “we have the inventory to meet needed requirements.” ■

nal

ntic Real

Estate Journal —

irectly across National from the Cons Center Bell at and the titution Libe Franklinthe base of the rty Brid phia’s Old Cityge in Phila Ben stands delneig Project Franklin hborhood Place. and redeis an adap The tive re-us St. the velopment e of form ers Max er Pinc 401 Race mixed-us well Buil us Brothding. 150 roome Project This its desig hotel, includes a retail 50,0 and operationn, construct 65 resid restauran 00 s/f of ion, and A new . 200- spacential hom t space, featuring resid enti Franklin e park ing es and a one-and approximal towe r fully desigPlace has facil ity. been will be two-bedroomately 55 careing struc ned with side in built on the th homes simultanetures in surroundmind ect. ThePhase II of 4 Street while landmark ously serv will shar resid enti the Projentryway ing as a City of Philadelp into the amenitie e several al towe r Fran hia. of the the Proje s with the key men ts klin Plac near by e com pleroof top ct including rest of that Phila Enterta inment land mar ground gardens arou , several Healthc for such delphia are pool, gree nd is famo ks Hospita pits, runn lity of Inde as the histo us n roofs an in Mixed ing/walkin ric sites Use and a , fire Nationalpendence Residen roof tial catering top resta g tracks Retail and the Constitut Mall, the urant Senior of the neighbor ion Cent the dyna facility over and City. Living er, steel build hood The look street of Phila mic views will stren mixed-us of Old ing of the ing delphia. Max e Proj tower side where on the 5 th and City ARC the area gthen tour ect adja well Buil once the additiona candy stood. has the formed Properties, cent land ding and hospitalitby offering ism in stora Inc. was vertical structural The Hotel The ge on the l parking the comp J. Amb 25 years of Phil y services enhanced entire nort developm capacity for h block rising the parking spac Project basemen and has rosi and ago by Robe to St. adel will visit The t hotel Marc Pere rt be furth of 400 level. mately spirit ors will es and been ent, whic higher room phia , Race er sepa levels approxi- transitio h usin of sustainaembody the acquisitio responsible l and tertainme s, resta inclu ding lin Place offer live/work60,000 s/f of Fran rated n level urants, g mod views ble desig by a more thann and deve for the The inclu space. of office or breathta k. need ed nt venues, ern meth – rang enThe lopm n designed sion of ods for an aggr 200 propertie ent of Place’s park ing. and much erty Bell to ing from the king comp exis ting a buil ding Fran klin City Skyl the Phila Lib- pone rised of several transition carefully s with $2 billioegate value five-st premium locat two main floor yield in exce is ine desig delp n. Q nts. ar ss of Philadelpamenities ion and River. The to the Dela hia construct The 5 th stree com- ment optio n and deve s Proje travelers hia’s man also serve by a 150 all-s ct is anchware sits adja ed of conc t side is floor’s designs. The tran lopOwner/Dev y busi . eloper: ness on top of the uite Hotel ored ing on thcent to the rete, and column linesn does not sition The Fran .................. require steel struc steel build comp of the General existing built 3-sto 4 Stre klin Plac velo pme .................. Contractor: ture 3-story ry stee et. The exist - of theonent to alignnew vertical .................. well-knownt cent ers e rede- side. The exist on the 5 th .................. with thos Site & Street contained an l building ing featu existing ..ARC hous Civil Engin ing .................. on n Pinc Properties us Brot the first e 36,000 s/f building will candy facto additiona once rooft re allows facility. Thise ......... eer: ......... ...... Dale Structural floor. The of retai for addi hers ry befor l 9-story op view version .................. Corporation l on Engineer: floors ................B include second and the Brothersto the 3-sto e its con- City as well s overlooki tional .................. Design ng ohler Engin third a comb Architect: .................. The rede Maxwell ry Pincus cantilevered as staggere the ination eering .................. ... O’Do alter struc Buil d velop of for Architect nnell & .................. the Hote ment plan ding. will natives. The tural desigor of Recor Naccarato .................. steel build n l to be house d: ......... Project built oncalls with grou .................. .... DAS Manager: parking nd floor ing Architects top .................. .................. retail homes Leasing .. JKR resid on the and .................. Partners, Manager: SITE AND 2 nd and rd ential .................. LLC .................. 3 floors CIVIL E Leasing . FC Devel .................. NGINEER Consu opme ......... ltant.

PROJE

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the Mon th — Apri l 23 - May

ARCHITEC

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For the past 26 years, JKR Par tne its com rs has mainta mit ine continu ment of buildin d ing rela tionship g quality s design and res through ponsive ser

........

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1128 WALN UT STREET PHILAD ELPHIA SUITE 215.928 200 PA 19107 .9331 JKRPAR TNERS .COM

GENERAL

CONTRAC

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TEAM

13, 2010

vice.

1012-1022 Grand Street

— 11B

Central New Jersey Spotlight Deadline: April 29 • Publication Date: May 13

FC Devel .................. opment .................. BOHLER ............ Andi Pesac ov ARC PR ENGINEER IN OPER TIES tea G is proud to be a m for FR ANKLIN part of the PLACE. Civil Eng inee

ring Landsc ape Arc Project hite Manage cture Environ ment mental Survey Consult ing ing

650 From Road of Mack-Cali, commented, strates Mack-Cali’s ability “We’re delighted that Movado to maintain long-term tenant has extended its occupancy relationships and we look forat this premier property. ward to continuing to serve This transaction demon- their office space needs.“ ■

De Ruggiero Realtors leases 17,000 s/f industrial space in Hoboken

~ Developments ~ ~ Construction ~ ~ Renovations ~

10B —

MAREjournal.com

A full-s ervice construct ion mana contractin gement, g and general developm specificall ent/consu y focus lting firm, ed on mixed-us long-term e, multi -family care facilit facilities, ies, hotel education s and hosp al facilit itality ies and throughou corporate t the Mid-A offices tlantic region.

housing,

Find out Contact what DALE can Greg Hal lquist do for you. at 215-690 -0171

for more information call Elaine Fanning efanning@marejournal.com

800-584-1062 x 212

PROMOTE YOUR SPECIAL PROJECTS, YOUR COMPANY AND IT’S SERVICES

~ Editorial Spotlights and Special Advertisting Opportunities ~ Contact Linda Christman 800.584.1062 x 203 lchristman@marejournal.com

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 3B

NEW JERSEY

Fairfield Corporate Park, Fairfield, New Jersey

JLL serves as broker for Pinnacle Foods

Prism Capital signs 85,000 s/f lease at 399 Jefferson Rd.

ARSIPPANY, NJ — Pinnacle Foods Group, LLC has leased 85,000 s/f for its headquarters at 399 Jefferson Rd. The longterm commitment comes just months after the 180,000 s/f, class A property’s re-acquisition by Prism Capital Partners, LLC. J.C. Giordano of JLL served as broker for Pinnacle Foods in negotiating the lease, while Edwin Cohen and Gene Diaz, principals of Prism Capital Partners, represented their firm in house. ■

Office Space Available for Lease 5,000 to 20,000 Square Foot Units *Excellent location with highway visibility * Located directly at Route 46 East interchange. * Minutes to Essex County Airport and NJ Bus and Rail * Attractive rental rates and terms available.

SHELDON GROSS REALTY, INC. REALTORS Ɣ Corporate Real Estate Services

80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: sgross@sheldongrossrealty.com 399 Jefferson Rd.

Colliers Int’l. NJ arranges 75,000 s/f industrial leases FLEMINGTON, NJ — Colliers International New Jersey has arranged two industrial leases at 1200 Route 523 totaling 75,000 s/f. The leases were arranged on behalf of the tenants, Flemington Department Store and Customized Distribution Services, with the location serving as a distribution center for both companies, which relocated and expanded. Flemington Department Store, which signed a longterm, 40,000 s/f lease, is a 50-year-old family owned and operated company selling fine furniture, flooring and clothing. Customized Distribution Services, which provides warehousing, transportation and logistics distribution services nationwide, signed a longterm, 35,000 s/f lease at the facility for their New Jersey headquarters. “Both Flemington Department Store and Customized Distribution Services were seeking strategic locations for their respective businesses,” said Joe Nitti, executive managing director with Colliers International NJ, who, along with John Kainer, led the leasing efforts. The landlord, Equity Industrial Partners, was also represented by Joe Nitti and John Kainer of Colliers International New Jersey. ■ Correction: In the 3-11-11 NJ section, Colliers International NJ release ran with the incorrect headshot. MAREJ takes full responsibility and apologizes to Jim Scott, Jr. for the error.

CELEBRATING OUR 105TH YEAR

Investment Real Estate Brokerage.

FOR SALE 216 Residential Units Lindenwold, Pennsylvania Matt Weilheimer ext 253

FOR SALE 44 Residential Units Keansburg, New Jersey Joni Sweetwood ext 273

FOR SALE 36 Residential Units Passaic, New Jersey Robert Squires ext 287

FOR SALE 18 Residential Units Bradley Beach, New Jersey Daniel Lanni ext 248

FOR SALE 67,000 SF Warehouse & Ofﬁce Use/Condo Conversion North Bergen, New Jersey Don Baxter ext 265

FOR SALE 20,000 SF Retail Building Elizabeth, New Jersey Jeff Squires ext 246

multifamily.

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office. www.kislakrealty.com 732 750 3000

4B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

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NEW JERSEY Ryan, Riedel & Goodwin rep Crown Perryville, LLC

CB Richard Ellis completes 101,641 s/f office lease

AMPTON, NJ — CB Richard Ellis, New Jersey’s largest commercial real estate brokerage firm, is pleased to announce the recent completion of a 101,641 s/f office lease transaction at 53 Frontage Rd. CB Richard Ellis’ Robert Ryan, vice president, along with Patricia Riedel and John Goodwin, both senior associates, represented the landlord, Crown Perryville, LLC, an entity of Crown Properties, Inc., in this transaction. Ikaria, Inc. plans on utilizing this space as the office and 53 Frontage Road administrative headquarters for its Bio Therapeutics business. “In this transaction, due to recent and projected growth, Ikaria, was looking to relocate its front office operations to a high quality office environment that is well-located and would serve its growing administrative office needs in the New Jersey marketplace,” said Ryan. “The 53 Frontage Road property is a multi-storied, RECENT CLOSINGS class A, headquarter-quality facility that offers extenGrants, Incentives & Tax Abatements Bayonne, NJ sive amenities and provides Tax Exempt Bond Financing, Oxnard, CA Bank & EDA Financing tenant’s employees, both from New Jersey and Pennsylvania Refinancing of Tax Exempt Bond Totowa, NJ Bank & EDA Financing with easy access via two fourway interchanges off I-78. By Acquisition of Land & Building Clifton, NJ Bank Financing the landlord’s implementation of a significant capital imAcquisition of Land & Building Rockaway, NJ provement program, utilizing Tax Exempt Bond & EDA Financing CBRE’s platform and the depth Grants & Incentives Avenel, NJ Tax Exempt Bond, Bank & EDA Financing and breadth of the firm’s services, we were able to find the Acquisition of Land & Building Norrisville, PA perfect tenant to occupy this Tax Exempt Bond & EDA Financing available space on agreeable Acquisition of Land & Building Union, NJ terms for both parties. This Bank & EDA Financing lease follows an additional Purchase of Machinery & Equipment Norwood, NJ 67,195 square-feet of new leasDirect EDA Financing es, ranging in size from 1,770 go to www.carlberger.com to 19,103 s/f, that CBRE has concluded at the building with Crown Properties since their acquisition of Perryville III, and demonstrates ownerships commitment to the property, flexibility in accommodating tenant’s of all sizes and the ability to get transactions completed.” Located in Hampton, a borCarl Berger Associates, Inc. ough of New Jersey’s Hunterdon County, 53 Frontage Road 17 Furler Street is a 280,000 s/f class-A office Totowa, NJ 07512 facility that is conveniently Tel 973.256.5330 located directly off exits 11 and Fax 973.256.7424 12 of Interstate 78, which is www.carlberger.com the primary corridor through the area. Two international airports are also within a 45 minute drive. ■

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Mid ATLANTIC REAL Estate Journal — New Jersey — April 8 - 21, 2011 — 5B

Groundbreaking for new facility held in Logan Township

Schar USA names Southern NJ’s Stanker & Galetto general contractor

INELAND, NJ — Stanker & Galetto, one of the leading general contracting firms in southern New Jersey, has been selected by Schar USA to build the first U.S. manufacturing facility for this specialty food manufacturer. Schar USA is a division of Italy-based Dr. Schär Srl, Europe’s leading producer of gluten-free products. The company currently manufactures only a few products on a much smaller scale at the Rutgers Food Innovation Center in Bridgeton. N e w J e r s e y L t . G o v e rnor Kim Guadagno, officials from Schar USA, Stanker & Galetto, Logan Township and Gloucester County attended the groundbreaking ceremony in the Pureland Industrial Park in January. The project is scheduled for completion in early 2012. “The introduction of the Schar USA plant brings production of a very popular line of gluten-free products to

Schar USA rendering Gloucester County,” said Peter Galetto, president of Stanker & Galetto. “Schar could have chosen any number of locations for this facility, but they chose South Jersey because of the opportunities for company growth, labor development and proximity to transportation.” Schar USA’s new 50,000 s/f facility in Logan Township will be gluten-free and expandable

to up to 80,000 s/f based on projected company growth. Schar plans to invest over $15 million into its new operation and has purchased over eight acres of land in Logan Township. The new manufacturing facility will create more than 50 new jobs. “This new state-of-the-art gluten-free facility marks yet another important step in

Liberty Property Trust helps Burlington County College grow with eleven new classrooms at 1000 Briggs Drive MT. LAUREL, NJ— Liberty Property Trust announced that Burlington County College (BCC) has expanded its campus into Cambridge Crossing Business Park, signing a long term lease for 25,584 s/f of space at 1000 Briggs Rd. “In order to keep pace with our growing student population, we needed to expand the number of available classrooms,” said Dr. Robert C. Messina, Jr., president of BCC. “Cambridge Crossing is adjacent to our main campus and Liberty Property Trust helped us configure the space for maximum use. This will provide us with the ability to add many more course sections in the coming semester.” After relocating a tenant from the space to another location, Liberty began a

full build-out to achieve an aggressive delivery schedule. In just two-and-a-half months, Liberty completed a complete demolition of the interior space, raised the ceiling height in the classrooms to offer better lighting and accommodate wiring, constructed the designed layout, installed new lighting fixtures, added several new energy efficient rooftop-based HVAC units and expanded the building’s bathrooms to manage increased use. “When BCC approached us they did not have a lot of time to create an effective learning environment to accommodate the upcoming semester,” said Mark Goldstein, vice president and city manager for Liberty’s New Jersey region. “According to our contacts at BCC, enrollment, as at many community

colleges, has increased substantially over the last year. We were able to develop a space that could deliver the much needed classrooms while meeting the requirements of the existing tenant that wanted to downsize. Our role as a landlord is to help tenants succeed, whether it is with a smaller space, a larger space or a tight deadline – and in this case we were able to accomplish all three.” Located at the intersection of Route 38 and I-295, Cambridge Crossing includes six Liberty buildings: 1000, 1001, 1015, 1020 and 1025 Briggs Road and 5000 Dearborn Circle, offering nearly 300,000 s/f of office and flex space. Tenants in the park include Comverse Technology, Northrop Grumman, Ulticom, Ford Motor Company, and Willis of New Jersey. ■

Schar’s continued growth in the United States,” said Donna George, president and COO of Schar USA. “As we look to become the U.S. market leader in gluten-free foods and innovation, New Jersey is a perfect location to support our national distribution and growth.” Dr. Schär Srl, based in Burgstall, Italy, has been developing and producing gluten-free

products for over 30 years with the mission of improving the lives of those with celiac disease and related intolerances. The company’s comprehensive portfolio offers a range of products, including breads, rolls, pasta, cookies and crackers and frozen meals. Schar USA was incorporated in 2007 and has introduced over 32 products to the U.S. market. ■

Binswanger’s Policarpo brokers land sale in Logan Township LOGAN TOWNSHIP, NJ — On behalf of Schar USA, Binswanger announced the sale of an eight acre site on Heron Dr. in Logan To w n s h i p , Gloucester County. The prop- Marc Policarpo

erty has excellent exposure to I-295 and is located in the Pureland Industrial Complex, one of the largest and most successful industrial parks on the east coast. The transaction was handled by Marc Policarpo, senior vice president for Binswanger. ■

Colliers International concludes 31,600 s/f lease of warehouse/assembly space CAMDEN COUNTY, NJ — Colliers International’s Southern New Jersey concluded a 31,600 s/f lease of warehouse/assembly space to Seminole Wire & Cable. Seminole will be relocating from a smaller building in Blackwood. Michael Genzel, a principal at Seminole, stated that the building was well located for their employees,

vendors and customers and ideal for their needs. The property, located in Airport Industrial Park at 7861 Airport Hwy. in Pennsauken, features 28,000 s/f of warehouse space and more than 3,000 s/f of office space. The building has a 1200 amp electric service, is air conditioned, and has tailgate and drive in loading doors. ■

6B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

SOUTHERN NEW JERSEY By Dennis A. Scardilli, Esq., MAI

Commercial Loan Workout Process

ne of the most dreaded communications that a business leader can receive is when your banking contact tells you, “we’re sorry, but we will not be able to renew your loan”. This can happen Dennis Scardilli for a variety of reasons, as discussed in the first part of this series. Your loan may have “termed out”. The lender

may have called for a current appraisal of your real property that was last valued in, say 2007. The annual corporate financials that you supplied could indicate a Debt Coverage Ratio (DCR) of less than the requirement in the origination loan documents. In some instances, the lender wants your loan “out of Dodge by sunset”. If so, you need to address the issue of a re-finance immediately. More on that in a subsequent article. Alternately, the lender may bend over backward to keep

your loan in their portfolio. If that is the case, here’s some thoughts on how to play this out. The lending officer who has the closest relationship to your company may be your champion behind the scenes, even though they have to present a tough front to the borrower. So don’t take any of this personally. Keep communications open with that friendly banker throughout this process. Be transparent, but not foolish, in dealing with the lending officer and their legal counsel.

Yes, it will be important for you to have an attorney involved, in part because the lender will have legal counsel. Make sure that you respond truthfully in regard to inquiries from the lender or their counsel. In law school, we were told to not ask a question without knowing the answer. That’s not only true in litigation, into which a workout could morph. The corollary of this rule for commercial loan workouts is to know the question before your lender requests an answer. Make sure that your finan-

Commercial Property Available

cials are correct and are being delivered to the lender on a timely basis. Also, ask your accountant to review those financials in light of what you already know about lender requirements, such as DCR. Create a detailed and realistic business plan including financial projections for at least the next twelve months. Look back at your corporate history. Use what has worked and discard what has not worked in the past. Then, revise appropriately given market projections. The lender may say that the loan is going to be called because their appraisal indicated a Loan to Value (LTV) higher than required by loan documents. You have several options. You can pay the lender for a copy of their appraisal and have it reviewed by a knowledgeable commercial appraiser. You can have your own appraisal performed. Or, you can do both. After obtaining the lender’s appraisal, instruct your review appraiser to perform a two-stage appraisal process. In the first stage, the reviewing appraiser would indicate whether they concur with the original appraiser’s conclusion. If not, go to the second stage and have the reviewing appraiser create their own value estimate. Even while both sides are performing the above fundamentals of loan underwriting, start thinking about the outline of a workout. Could additional collateral be required? If so, what do you have to offer? Could existing collateral go back to the lender? Could there be a deficiency? How would a deficiency be funded, if at all? If bankruptcy is even an option, a bankruptcy attorney consultation can provide an important part of the borrower’s decision data set. Your legal counsel is an integral part of the process and very often the point of contact and chief negotiator. Make them part of the decision-making team. Once a deal is made, stick to it. Don’t let speed bumps throw you as the deal is wrapped up. Make a decision, get through this and get back to making money at what you do best. Does not constitute the creation of an attorney-client relationship nor does it constitute legal advice. If you need legal advice, obtain competent legal counsel. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 7B

SOUTHERN NEW JERSEY WATERPROOFING AND RESTORATION

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8B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

SOUTHERN NEW JERSEY By Andrew Hogg, PE, Land Dimensions Engineering

Proposed Future SSA (Sewer-Service Areas) in New Jersey

JDEP’s (New Jersey Department of Environmental Protection’s) amended Water Quality Management Planning rules (N.J.A.C. 7:15) which became effective as of July 7, 2008, transferred WMP (Wastewater Management Planning) responsibility to the county planning division. The state’s and county’s efforts to update and revise future SSAs (Sewer Service Areas) have been time-consuming and caused much delay. NJDEP recently has released the proposed future

Sewer Service Area maps for public review (which can be accessed at http://www.nj.gov/ dep/watershedmgt/). Public hearings have been scheduled in each of the affected counties starting from March 2011, to discuss the proposed changes in future sewer service area designation. The 2008 WQMP rule update requires the redelineation of SSA to exclude environmentally-sensitive areas. Often, it has been LDE’s (Land Dimensions Engineering’s) experience that NJDEP’s GIS (geographic information sys-

tem) environmental data layers are outdated or inaccurate since the data has not been field-verified. Environmentally-sensitive areas are to be mapped through NJDEP’s own GIS analysis and are defined as, but not limited to: • Endangered or threatened wildlife species habitat as mapped on the Landscape Project Maps • Natural Heritage Priority Sites • Riparian buffer zones or Special Water Resource Protection Areas established along Category One streams

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• Wetlands Land Dimensions Engineering is encouraging the land development community to review the proposed future SSA maps to determine if current or future project(s) may be impacted by the proposed changes in sewer service area designation. The removal of property from the SSA may have a significant financial impact on the value of the property and its development potential. Affected property owners will need to lobby against NJDEP and county to support inclusion of specific

property in the Sewer Service Area. Depending on the site-specific circumstances, the following documents may be required in order for a property to be designated as a future Sewer Service Area: • Evidence that the development has been built or is under construction (for example local building permits, if required) • Evidence that a development has local preliminary and/or final site plan approval or subdivision approval where subsequent site plan approval is not required under MLUL • Evidence that the development has either a NJPDES permit or Treatment Works Approval, if required • Evidence that the specific property is not located within a riparian buffer zone • If NJDEP’s GIS wetlands mapping is inaccurate, a copy of an LOI (Letter of Interpretation) verifying the limit of wetlands and associated wetlands delineation map and/or related permits • If presence of Landscape Project Map, Habitat Rank 3, 4, and 5, and/or Natural Heritage Priority Sites is the basis for removal of future SSA, a complete HSD (Habitat Suitability Determination) application in accordance with N.J.A.C 7:15-5.26 (which demonstrates habitat is not suitable for the identified species). Land Dimensions Engineering can provide consulting services in conducting an independent analysis of presence of environmentally-sensitive areas on properties intended for development, or review of prior NJDEP/municipal permitting history. ■

Colliers facilitates warehouse lease BELLMAWR, NJ — Colliers International’s Southern New Jersey division facilitated a 31,500 s/f warehouse lease at Korman’s Interstate Business Park to F & R Pallets, Inc. F & R Pallets, Inc. is a manufacturer of wood pallets and skids; die cut shipping and corrugated shipping cartons, and various other material handling services. Korman’s Interstate Business Park is located at Rte. 42 and I-295 of the NJ Tpke. CBRE was the cooperating broker. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — B

Southern New Jersey

Celebrating 30 Years of Service

We are proud to be part of SORA HOLDINGS’ Team for the Site Development Designs of the Rowan Boulevard Project

www.landdimensions.com

6 East High Street Glassboro, NJ 08028

856/307-7800 856/307-780 5 f a x

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10B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952

Southern NJ Chapter Appraisal Institute 2011 Chapter Officers President A. Craig Black, SRA blackc@toddandblack.com Vice President Jerome McHale, MAI jmchale@jmchaleassoc.com Treasurer Kristin Mansfield kristin.mansfield@yesbank.com Secretary Jacob Ramage, MAI jake.ramage@cushwake.com Director (through ’13) Jerrold McCarron jerrymccarron@aol.com Director (through ’13) Michael S. Sapio, MAI northstarappraisal@msn.com Director (through ’12) Ed Kay edkayinc@comcast.net Director (through ’12) Joseph V. Heenan, SRA jheenan613@comcast.net Director (through ’11) Edward T. Molinari, SRA ed@molinari.us Director (through ’11) Andrea Senatore als9463@comcast.net Past President John P. Corbett, MAI John.corbett@cushwake.com

Dinner Event

SNJ Chapter hosts “State of the Industry”

n April 13, the Southern NJ Chapter of the Appraisal Institute will hold its annual joint dinner meeting and seminar with the Association of Municipal Assessors of NJ. The seminar begins at 3 pm, with the first part of the event. In “New Jersey Market Overview”, participants will hear from actual market participants about the current status, issues, and future predictions of the residential, retail, office and industrial markets. Following each presentation participants will be able to ask questions and get valuable input from those on the front line everyday. This seminar will offer great insight to anyone valuing property in today’s tough economy. The presenters are: Jon Sarkisian, Executive VP, CB Richard Ellis (office market), Marc Policarpo, Senior VP, Binswanger (industrial market), George Wisnoski, Metro Commercial (retail market), and Bruce Paparone, President, Bruce Paparone, Inc., (residential market). After dinner, the special speaker is the Honorable Patrick DeAlmeida, J.T.C. of the NJ Tax Court. In A View from the Bench, Judge DeAlmeida will discuss tax court issues &

2011 Appraisal Institute President Joseph Magdziarz, MAI, SRA, pictured here SNJAI board of director and former president Michael S. Sapio, MAI, will return to South Jersey to present the Appraisal Curriculum Overview Seminar on September 16th. recent cases from across the state. As always, his insight and experience will be a great benefit to all who attend. Patrick DeAlmedia was appointed to the NJ Tax Court by Governor Corzine. He took the oath of office on January 14, 2008. He became the presiding judge in the Fall of 2009. Judge DeAlmeida graduated cum laude from NYU in 1986 and received his J.D., cum laude, from Fordham University School of Law in 1989. Following graduation from law school, he clerked for NJ Supreme Court Justice Marie L. Garibaldi. He joined the NJ Division of Law in 1993 where he served until his appointment to the bench and represented

dozens of government agencies and officials in his roles as Deputy Attorney General, Chief of the Treasury Section, DAG in Charge of Appeals and Assistant Attorney General for Appeals. The Appraisal Institute is a global membership association of professional real estate appraisers, with 25,000 members and 91 chapters throughout the world. The Southern NJ Chapter has a membership of 160 members strong. Organized in 1932, its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good. The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information on the Southern NJ Chapter of the Appraisal Institute, contact Executive Director Lisa Weiss at 856-415-0281 or at www. ai-snj.org. ■

CALENDAR OF EVENTS April 12 Introduction to Conservation Department of Transportation office in Ewing April 13 Joint dinner meeting with the tax assessors @ Adelphia April 14 & 15 Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book seminar) @ Adelphia Restaurant & Conference Center in Deptford

(We are STILL adding classes/seminars to the calendar … if there’s something you need/want, please email lisamayweiss@hotmail.com; we’re always looking for your feedback! For more information or to register: www.appraisalinstitute.org/education/southernNewJersey

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 11B

Southern New Jersey Chapter Of the Appraisal Institute www.ai-snj.org As the leading organization for professional real estate appraisers, the Appraisal Institute represents more than 25,000 members and 91 chapters worldwide. The Southern New Jersey Chapter has over 160 members. They perform a variety of services ranging from single family valuation to feasibility studies for regional malls & hotel-casinos. Whether it’s assistance on a home purchase or providing expert testimony for litigation, our members are uniquely quali¿ed to meet these needs. For more information regarding the Southern NJ Chapter of the Appraisal Institute visit: www.ai-snj.org, or call Executive Director Lisa Weiss at 856-415-0281.

2011 Designated Members of the Southern NJ Chapter of the Appraisal Institute J. Paul Bainbridge, MAI

Cape May Ct. House

(609) 465-9978

Allen L. LittleÀeld, SRA

Hammonton

(609) 704-9609

Steven W. Bartelt, MAI, SRA

Turnersville

(856) 582-5892

Gary P. Lombardi, SRA

Manahawkin

(609) 709-3902

A. Craig Black, SRA

Cherry Hill

(856) 662-7676

Bonnie L. Longo, MAI, SRA

Sewell

(856) 582-4611

Allen G. Black, MAI, SRA

Cherry Hill

(856) 662-7676

Eileen Lynn, MAI

Philadelphia

(215) 842-0649

Edward J. Bligh, MAI, SRA

Marlton

(609) 983-3218

Jerome J. McHale, MAI

Mt. Laurel

(856) 722-0205

Harry Carroll, Jr., MAI, SRA

Cherry Hill

(856) 795-4042

F. Pat McIlhinney, MAI, SRA

Cherry Hill

(856) 795-4042

Lana Chiappetta, MAI

Medford

(609) 714-7402

Edward T. Molinari, SRA

Woodbury

(856) 853-7622

Patrick K. Conover, MAI

Galloway

(609) 652-6553

Robert Parmley, SRA

Forked River

(609) 292-2573

John P. Corbett, MAI

Philadelphia

(215) 963-4061

Patricia A. Quigley, SRA

Philadelphia

(215) 247-4425

David A. Curley, SRA

Mt. Laurel

(856) 795-0875

Jacob Ramage, MAI

Philadelphia

(215) 888-3560

Eugene P. Davey, SRA

Philadelphia

(215) 523-9104

Thomas C. Reynolds, SRPA

Wilmington, DE

(302) 575-0955

Thomas C. Davis, SRA

Delran

(856) 764-6500

Lee L. Romm, MAI, SRA

Marlton

(856) 983-5500

John E. Doyle, MAI

Philadelphia

(215) 231-9900

Michael Sapio, Jr., MAI, SRA

Blackwood

(856)7 83-6835

Scott A. Eiffes, MAI

Moorestown

(856) 234-9252

Michael Sapio, MAI

Bellmawr

(856) 933-1272

E. Guy Elzey, III, SRA

HaddonÀeld

(856) 429-8800

R. M. Sapio, MAI, SRA

Voorhees

(856) 429-2789

Emmons G. Elzey, Jr, SRA

HaddonÀeld

(856) 429-8800

William J. Sapio, MAI

Linwood

(609) 927-5728

Phillip Fortuna, SRA

Philadelphia

(215) 925-1212

Dennis A. Scardilli, Esq, MAI

Absecon

(609) 568-0432

Mary F. Fox, MAI

Cape May

(609) 884-1995

Jack Sheehan, MAI

Wenonah

(856) 468-0068

David J. Frett, SRA

West Berlin

(856) 753-3030

Timothy Sheehan, MAI, SRA

Cherry Hill

(856) 662-0027

James C Frisby, SRA

Ocean City

(609) 814-9333

Richard Sheldon, MAI, SRA

Haddon Heights

(856) 546-4900

John M. Gapszewicz, MAI

Philadelphia

(215) 841-5258

Thomas J. Sliwowski, SRA

Pitman

(856) 218-2800

Ronald A. Hagel, MAI, SRA

Vineland

(856) 691-7055

Pasqual A Sorge, MAI

Mt. Laurel

(856) 234-2893

Mark J. Hanson, MAI, SRA

Ocean City

(609) 398-3189

John T. Stone, MAI

Cape May Court House (609) 861-9030

Donna Harris, SRA

Shiloh

(856) 453-8889

Robert Thomapson, MAI, SRA

Ocean City

(610) 331-9031

Joseph V. Heenan, SRA

Ocean City

(609) 391-8862

Robert J. Tighue, MAI

Cherry Hill

(609) 792-0684

Henry Herskowitz, MAI, SRA

Cherry Hill

(856) 795-8700

Joseph E.Tighue MAI, SRA

Brigantine

(609) 266-7334

Michael D. Jones, MAI

Cape May Court House (609) 463-4622

Merilynn P. Verderame, SRA

HaddonÀeld

(856) 234-8400

William J. Kennedy, MAI

Medford

(856) 396-7652

Benjamin R. Vukicevich, SRA

Stratford

(856) 784-7036

M. Bruce Leff, SRA

Newark, DE

(856) 287-3690

John H. Walton, Jr, MAI, SRA

Medford

(856) 795-8700

Norman LeGore, MAI, SRA

Vineland

(856) 692-7889

John Weber, Jr,, MAI, SRA

Hamilton Square

(609) 586-3500

Frank S. Librizzi, MAI, SRA

Haddon Heights

(856) 854-2478

Gerald Francis White, SRA

Pennsauken

(856) 663-5134

12B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

22nd ANNUAL NJAA CONFERENCE & EXPO MAY 23 – 25, 2011 ATLANTIC CITY

Charting the Path to Success: Tools to Empower Today’s Apartment Professionals The NJAA Annual Conference & Expo is the ultimate industry showcase for New Jersey’s multifamily housing professionals to connect and learn how to navigate today’s rapidly changing marketplace for success. This year’s show will give you access to: - More than 1,300 New Jersey apartment industry professionals ready to learn, network, and build partnerships - A packed show floor loaded with the latest products and services - A conference program filled with the latest information on the topics concerning you and your team—from lead remediation to the newest technologies for prospecting new leads - More networking than ever—from the golf outing to show floor to the Anniversary Reception Don’t miss out on your opportunity to stock your business toolkit with the invaluable opportunities the NJAA Conference & Expo offers

R EG I S TE R TODAY! Visit www.njaaconference.com for upto-date Conference & Expo information including schedule, floor plan, exhibitor list and sponsorship opportunities. Exhibit Booths are still available, check out the floor plan and choose your booth today. Convention and Golf Registration are now open. Download registration forms from the conference page. For additional information contact Jean Maddalon at events@njaa.com or (732) 992-0600. New Jersey Apartment Association - Headquarters 104 Interchange Plaza, Suite 201, Monroe Township, NJ 08831 Phone: (732) 992-0600 Fax: (609) 860-0060

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 13B

NEW JERSEY Aztec’s Logan handles Architecture and design

Summit Assoc. reintroduces 23,000 s/f office building

DISON, NJ — Summit Associates has recently launched the reintroduction of Raritan Plaza I. Onership began to reposition the Class-A facility by commencing building upgrades, appointing new marketing and design teams and announcing new tenant incentives. “We are pleased to announce that Raritan Plaza I has a team in place dedicated to the repositioning of this highcaliber asset, which remains the ideal facility for tenants of all sizes that can benefit from an unparalleled location and amenity package,” said Dick Visceglia, president of Summit Associates, the third generation developer of office, flex and distribution space in Raritan Center, which is also headquartered in the building. Cassidy Turley’s New Jersey office services team of Warren Searles, Jr., Milt Charbonneau, SIOR, CCIM, Doug Twyman, SIOR, and Charles Parmelli, SIOR, CCIM, all principals within the company have been engaged to develop the promotional and leasing aspects of the project and will work with prospective tenants. “Raritan Plaza I has been an iconic fixture of the New Jersey Turnpike and Garden State Parkway Corridors and competes well with similar assets in the Metropark and East Brunswick submarkets,” said Twyman. “As the office market recovers, this project is perfectly positioned to accommodate users from 2000 to full floors of 23,000 s/f with a location, amenities and ownership that are truly ‘Second to None’.” Architecture and design for this project will be handled by Charles Logan, lead project associate from Aztec. Among the upgrades and additional features to be completed are: Lobby and elevator area renovations, complete restroom upgrades, security and energy efficient lighting enhancements, new signage and touch-screen directories. In addition, new tenant offerings include full furniture planning services provided by Business Furniture Inc. (BFI), who will also be furnishing a leasing suite on-site. ■

A Look Ahead . . . The April 22 issue will feature The Spring Preview Annual

Our May 13 issue will feature

Spotlight, Construction Law & Cost Overruns Spotlight, Vegas ReCon ICSC Convention,

The NJAA Expo, Central NJ, PA’s Projects/Building Services

Washington D.C. Spotlight and 1031 Like Kind. Deadline: April 11.

and Green Awareness Spotlight. Deadline: April 22.

Our May 27 issue will feature Industrial Distribution Centers Spotlight, Contractors and SubContractors, Retail Architecture, Construction and Engineering and The Delaware Spotlight. Deadline: May 13.

Mid Atlantic REAL ESTATE JOURNAL Contact Linda Christman or your account representative 800/584-1062 or 781/871-5298 • fax 781/871-5299 email: lchristman@marejournal.com www.MAREjournal.com

Raritan Plaza I

14B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

Industrial Commercial Real Estate Women, Inc. www.icrewnj.org 8:30 AM at Woodbridge Hilton in Iselin, New Jersey President Shelia Spriggs Nall KSS Architects snall@kssarchitects.com. President Elect. & Crew Network Delegate Cheryl Hardt CB Richard Ellis, Inc. cheryl.hardt@cbre.com Treasurer Sefi Silverstein, CPA Wilkin & Guttenplan ssilverstein@wgcpas.com

ICREW NJ presents Breakfast Meeting April 14, 2011

Director of Sponsorship Mary Lynn Kearns Dancker, Sellew & Douglas mkearns@dancker.com

Director of Special Projects: Golf Robin Grossman Edge Technologies rgros30687@aol.com Director of Special Projects: Website/PR Rebecca Machinga

Recording Secretary Patricia Faulkner NAI Global pfaulkner@naiglobal.com

WithumSmith+Brown PC rmachinga@withum.com Advisor & Crew Network Delegate Silvana Finizio

Director of Programming Monica Ceres Giordano Halleran & Ciesla, PA mceres@ghclaw.com Director of Philanthropy Susan C. Karp Farer Fersko, P.A. skarp@farerlaw.com Director of Sponsorship Patricia Riedel CB Richard Ellis, Inc. patricia.riedel@cbre.com

Carousel Industries sfinizio@carouselindustries.com Advisor Annette Murray Wilkin & Guttenplan amurray@wgcpas.com

Advisor & Bylaws Jennifer Palestri

CREW NJ (Industrial/ Commercial Real Estate Women of New Jersey), a Chapter of CREW Network, will hold a monthly breakfast meeting on Thursday, April 14, 2011 at the Hilton Woodbridge, 120 Wood Avenue South, Iselin, NJ 08830, 8:00 AM Networking and Registration, 8:30 AM Program. The breakfast will feature special guest speaker, Kathleen Waldron, Ph.D. and president of William Patterson University, who will share her expertise through a program entitled, “A Profile in Leadership”. Dr. Waldron had previously served as president of Baruch College of the City University of New York (CUNY) and led the college to achieve national rankings in its business and public affairs programs as well as a place in the Princeton Review’s list of top 15 percent of colleges in the country. She is also a former senior executive at Citibank. Every month ICREW NJ members and guests have the opportunity to “give back”

to the community through a philanthropic effort. Please join ICREW NJ in support of “HomeFront - Helping families break the cycle of poverty”. The HomeFront organization works with families in Central Jersey to provide basic needs in order to build self-sufficiency and create an environment wherein parents and their children can thrive. Please participate by bringing any of the following items to the April Breakfast Meeting: Shampoo, Conditioner, Skin Lotion, Band-Aids, Toothpaste, Bar Soap, Diapers (in all sizes), Shaving Cream and Disposable Razors. Reserve now…Early bird rates of $50.00 per person for ICREW NJ members and $75.00 per person for guests are available with payment by 5:00 PM, April 8th, 2011. (Cancellations will be given a full refund if received prior to April 11, 2011.) Register after April 8th: ICREW NJ Members - $60 per person / Guests $85.00 per person.

Normandy Real Estate Partner jpalestri@normandyrealty.com

Attention ICREW New Jersey Members!!! If you would like to submit articles or transactions to appear in the Mid Atlantic Real Estate Journal, please contact:

Linda Christman, Publisher 800-584-1062 x 203 or email Linda at lchristman@marejournal.com

ICREW NJ is about…educating its members, developing business opportunities and building relationships through networking with others in the real estate industry. All guests are welcome and encouraged to attend. All qualified professionals are invited to join ICREW NJ! ICREW NJ is the New Jersey organization for women involved in all aspects of commercial and industrial real estate. Members represent fields as diversified as accountants, architects, appraisers, asset/ property managers, attorneys consultants, developers, lenders, leasing and sales brokers, mortgage bankers/brokers, marketing specialists, market and investment analysts, corporate real estate representatives and title/escrow officers. For more information on programming, sponsorship or membership, please contact ICREW NJ at (609) 585-6871, via email icrewnj@crewnetwork.org or visit their website at www.icrewnj.org ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — 15B

“ASK AN EXPERT” DIRECTORY INQUIRING MINDS WANT TO KNOW HOW TO FIND OUR Scott C. Butler Neil A. Stein Andrew B. Cohn

Suite 310 LibertyView 457 Haddonfield Road Cherry Hill, NJ 08002 856-675-1550

910 Harvest Drive Blue Bell, PA 19422 610.260.6000 www.kaplaw.com

Lehigh Valley 1031, LLC … a Qualified Intermediary serving the greater Lehigh Valley

Website

LehighValley1031.com

Address

904 Lehigh Street Easton, PA18042

Phone

610-250-9712

Fax

610-559-9604

Hours

Monday–Friday 9:00am–5:00pm EST

info@lehighvalley1031.com

Steven B. Molder President

MANKO | GOLD | KATCHER | FOX LLP AN ENVIRONMENTAL AND ENERGY LAW PRACTICE 401 City Avenue, Suite 500, Bala Cynwyd, PA 19004 TEL: 484-430-5700 535 Route 38, Suite 145A, Cherry Hill, NJ 08002 TEL: 856-317-1299

www.mgkflaw.com

Michael P. Hedden, MAI, CRE, FRICS Managing Director Real Estate Advisory Group American Appraisal 650 College Road East Suite 1500 Princeton, NJ 08540 p: 609.452.2330 x 262 / mobile 609.651.2529 direct 609.514.8262 / f: 609.452.0734 www.american-appraisal.com • • • • • • • •

Accounting & Auditing Tax Planning & Compliance Cost Segregation Studies Property Management Services Section 1031 Like Kind Exchanges Valuations & Appraisals Succession & Estate Planning Business Advising & Consulting

To learn more, call Brian Kloza, Partner-in-Charge, Real Estate Services at 973-994-9400 or visit us online at www.wiss.com.

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engineers | architects | scientists | planners 119 Cherry Hill Road, Suite 200 Parsippany, New Jersey 07054 862.207.5900 fax 973.334.0507

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Is there a missing piece in your proposal? Ask the expert at…

www.kipcon.com / marketing@kipcon.com / (800)828-4118

If you have a specific question that you would like to ask our experts in the fields of Development, Design, Construction, Appraisal, Planning, Finance or Law, you may visit our website at www.marejournal.com. Click Ask An Expert, and submit your question or to view each of our experts' bios, please click on their photos. For more information contact Linda Christman, Publisher at 1-800-584-1062, x 203

16B — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

PEOPLE ON THE MOVE Organization ranked as 10th Most Recognized Brand Serve as dir. of distressed assets group

Richter and Grusd named Top 20 Sperry Van Ness advisors

SELIN, NJ — Doug Richter and Ian Grusd of Sperry Van Ness | Richter Grusd, a commercial real estate brokerage firm serving New Jersey, were both named Top 20 Advisors in the US for Doug Richter 2010 by Sperry Van Ness International (SVN). The managing directors of the Metropark based company were recognized out of more than 800 SVNI advisors and honored last month at an awards ceremony. “The last two years have been a challenge for the real estate industry, but we definitely saw improvement in 2010,” said Richter. “We are bullish for 2011 as interest rates remain at

historical lows and companies gain confidence to purchase and lease properties.” W h i l e numerous closings led Richter and Grusd to the Top 20 mark, some of their more notable deals includIan Grusd ed: Property: 20 Pulaski Street, Bayonne Size: 95,000 s/f Sold For: $5,130,000 Buyer: Continental Concessions, Inc. Property: 800 Apgar Dr., Somerset Size: 84,722 s/f Sold For: $6,245,000 Buyer: Beumer Corporation Property: 1201 Jersey Ave., North Brunswick

Size: 76,000 s/f Sold For: $3,140,000 Buyer: No Brunch Realty LLC Richter Grusd client Aaron Slonim, owner of Continental Concessions, recounts “I was shown dozens of properties by other brokers, but none of them were working. Time was of the essence and I needed to find the right building for my distribution company. From day one, Ian and Doug honed in on the process and put me into the perfect building without wasting my time.” As Richter and Grusd collect their award, Sperry Van Ness also gained a notable industry achievement. A 2011 survey from The Lipsey Company reports that the organization was named as the 10th most recognized brand in commercial real estate. ■

NAI Global recognizes NAI Mertz’s Meyer & Licht MOUNT LAUREL, NJ — Two NAI Mertz brokers were recognized as top commercial real estate performers during the recent NAI Global Convention held in February i n L a s Ve gas. Fred Meyer Fred Meyer, SIOR and Jeffrey Licht, SIOR were named to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. Fred Meyer of NAI Mertz, Mount Laurel, New Jersey qualified for the NAI Global

Elite Hall of Fame, an honor recognizing individuals with at least five years as a Top Producer or Top Performer. Meyer’s production in 2010 earned him recognition as a Top Producer at the Silver Jeffrey Licht Elite level, marking the eighth year he has achieved Top Producer status. Jeffrey Licht of NAI Mertz, Bucks County, Pennsylvania qualified as a Top Performer at the Silver Elite level based on production in 2010. His accomplishments within NAI

Global include earning Elite Performer status on multiple occasions and being honored with the NAI Industrial Council Leadership Award in 2007, 2008 and 2009. Licht has served on the NAI Global Industrial Council Board for 12 years and is the immediate past Chairperson. The award was presented in a ceremony on February 9 at the NAI Global 2011 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually. ■

Cassidy Turley hires Mattessich as VP of office leasing & sales TEANECK, NJ — Cassidy Turley announced that Dino Mattessich has joined its Teaneck office as vice president of office leasing and sales. In this position, Mattessich will concentrate in the Bergen and Hudson County markets. “We are focused on attracting individuals who posses the knowledge and experience to help our customers and clients make the most informed real estate decisions possible,” stated David Simon, managing principal of Cassidy Turley’s New Jersey offices. “The addition of Dino to our firm’s Teaneck office demonstrates Cassidy Turley’s ability to attract the region’s best talent. His unique understanding of

the real estate process and his long-standing relationships will be an asset to our firm. We are pleased to have Dino join our team and expand our New Jersey division.” Over the past decade, Mattessich has honed his experience in tenant representation and agency client services, having represented clients in large, complex real estate transactions that typically involve relocations of corporate headquarters facilities and/ or major office consolidations. In addition, he has serviced a variety of prestigious companies within the Northern New Jersey marketplace including: Ikaria, ProSight Specialty Insurance/ NYMAGIC, Oc-

taPharma, and Canon Business Solutions. Prior to Cassidy Turley, Mattessich served as a vice president at Jones Lang LaSalle, where he specialized in tenant representation and agency leasing on behalf of Fortune 500 tenants, major institutions and privately held companies. Before that, Mattessich was a vice president at CB Richard Ellis, where he was charged with the strategic development of real estate plans that minimized occupancy risks while maximizing workplace flexibility and productivity on behalf of some of the industry’s leading companies, such as Cigna, Charles Schwab and Medco. ■

Joseph Marino joins Remco Realty Group Joseph Marino has joined Remco Realty Group. Marino will serve as Director of Remco’s recently established, Distressed Assets Group. Marino is well known in the lending community and Joseph Marino brings over three decades of experience in all phases of Construction Management, Construction Financing, Real Estate Development and General Contracting skills to his current position with Remco. The following is an overview of Marino’s past projects: • Merck Company, Whitehouse, NJ: Project manager assigned to construct a one million s/f world headquarters facility for a major international pharmaceutical company. Scope included coordinating extensive mandated site preservations and large scale reinforced concrete construction. Responsibilities included schedule compliance and coordination of on-site staff and vendors. • Bridgewater Promenade Mall, Bridgewater, New Jersey: Senior project manager responsible for development and construction of a 750,000 s/f Power Center on a Brownfield site. He coordinated permitting

and construction activities of on-site and complex off-site improvements, thus navigating through numerous state, county, and local government agencies. • Broad Street Bank Building, 744 Broad Street, Newark, New Jersey: Consultant for owner, responsible for creating budgets, controlling budgetary design compliance, and implementing base building improvements to a 725,000 s/f landmark office building. • Madison Square Garden, New York, NY: Restack of 160,000 s/f on three floors of existing administration offices at 2 Pennsylvania Plaza. Complete interior renovation including coordination of systems furniture and data restructure. Offices include those for the MSG, NY Knicks & NY Rangers organizations. Marino is a graduate of Monmouth College with a degree in business and is also a member of IOREBA. He resides in Somerset County with his wife and interacts with children now on the own. An active member of the Newark Rotary who enjoys giving back to the community and participating in other community and charitable organizations. His global vision of real estate from concept to occupancy makes him an essential link to a successful transaction. ■

Lipsey Co. names CB Richard Ellis Premier Commercial Real Estate Brand SADDLE BROOK, NJ — CB Richard Ellis (CBRE) has been named the premier global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CB Richard Ellis has been voted the industry’s top brand for ten consecutive years. “We are deeply honored to once again lead the list of commercial real estate’s premier brands,” said Brett White, chief executive officer of CB Richard Ellis. “What makes this result particularly meaningful is the endorsement it provides from our clients and industry peers worldwide, who expressed their opinions through their ballots. Our people work hard every day to deliver superior service across markets and business lines. They are the CB Richard Ellis brand and it is gratifying to see their accomplishments

recognized.” The Lipsey survey measures commercial real estate professionals’ perceptions of the industry’s leading brands. More than 25,000 U.S. and international professionals participated in the 2011 survey, including property owners, investors, lenders, brokers and property managers. The Lipsey Company provides training and professional development services to the commercial real estate industry. In addition to this outstanding achievement, CB Richard Ellis’ three New Jersey offices, operating in Saddle Brook, Florham Park, and East Brunswick, were collectively named New Jersey’s number one performing commercial real estate brokerage firm based on independent evaluation by two separate leading local business and industry trade publications in 2010. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — New Jersey — April 8 - 21, 2011 — Inside Back Cover B

COMMERCIAL REAL ESTATE ORGANIZATIONS’

EVENTS CALENDAR APRIL 9 – CREW PHILADELPHIA Event: Spring Build Day with Rebuilding Together Time: 8:00 AM – 4:00 PM Address/City: West Philadelphia (Exact location TBD) www.crewphiladelphia.org APRIL 12 – CREW PITTSBURGH Event: Annual Awards Banquet Location: The Duquesne Club Address/City: 325 6th Ave., Pittsburgh, PA Email: admin@crewpittsburgh.org www.crewpittsburgh.org APRIL 12 – NAIOP NJ Event: Renewable Energy Part II: Solar & Energy Efficient Systems for Office & Industrial Buildings Time: 8:15 AM – 11:30 AM Location: The Sheraton Edison Address/City: 125 Raritan Center Parkway, Edison, NJ Cost: $85 Members $135 Nonmembers P: 732-729-9900 www.naiopnj.org APRIL 13 – SMPS PHILADELPHIA Event: On the Street: Sustainable Energy & Transportation Projects Time: 5:00 PM – 7:30 PM Location: The Downtown Club Address/City: 6th & Chestnut Sts., 11th Fl. Philadelphia, PA Cost: $35 Members $65 Nonmembers www.smpsphiladelphia.org APRIL 13 – BOMA PHILADELPHIA Event: Selling to the Industry in a New Economic Climate Seminar Time: 8:00 AM – 10:30 AM Location: 1600 Market St., 3rd Fl. Address/City: Philadelphia, PA Cost: Members Free P: 215-567-1775 www.bomaphila.com APRIL 13 – CIRC DE Event: Monthly Membership Meeting Time: 11:30 AM – 1:30 PM Location: Clarion Hotel-The Belle Address/City: 1612 N. DuPont Hwy. New Castle, DE Cost: $30 Members $40 Nonmembers P: 302-633-1705 Email: janet@circdelaware.org www.circdelaware.org APRIL 13 – NAIOP PITTSBURGH Event: CFO Forum Time: 12:00 PM – 1:15 PM Location: Doubletree Hotel & Suites Address/City: Pittsburgh City Center, Pittsburgh, PA Cost: $25 P: 412-928-8303 Email: cvann@alpern.com www.naioppitsburgh.com APRIL 13 – POA Event: The Walter R. Cohn, Esq. Memorial Expo Time: 5:00 PM Location: The Wilshire Grand Address/City: West Orange, NJ Cost: Members Free $45 Nonmembers P: 732-780-1966 www.poanj.org APRIL 13 – DCA Event: Member Networking Night Time: 5:30 PM – 7:30 PM Location: Rizzo’s Wine Cellar & Cigar Social Address/City: 13 Rizzo Ave., New Castle, DE Cost: $50 Members $75 Nonmembers P: 302-994-7442 www.e-dca.org

CCIM

(Certified Commerical Investment Member)

www.ccim.com

DVGBC

(Delaware Valley Green Building Council)

www.dvgbc.org

APRIL 13 – CREW DC Event: Monthly Luncheon Program: The Tipping Point: Are We There Yet? Time: 11:30 AM – 1:30 PM Location: Capital Hilton Hotel Address/City: 16th & K Sts., NW, Washington, DC Cost: $60 Members $85 Nonmembers www.crewdc.org

www.philadelphia.uli.org

APRIL 14 – CIANJ Event: Technology Roundtable Time: 8:00 AM – 9:30 AM Location: Saddle Brook Marriott Address/City: 138 New Pehle Ave., Saddle Brook, NJ P: 201-368-2100 Email: swiener@cianj.org www.cianj.org APRIL 14 – CORENET NJ Event: Learn About ChooseNJ Time: 4:00 PM – 5:30 PM Location: Eisenhower Corporate Campus Address/City: 230 W. Mount Pleasant Ave. Livingston, NJ Cost: $25 Members $35 Nonmembers P: 973-992-6773 Email: execdir@corenetnj.org www.newjersey.cornetglobal.org APRIL 14 – ICREW NJ Event: Breakfast Meeting: A Profile in Leadership Time: 8:00 AM Location: Woodbridge Hilton Address/City: 120 Wood Ave. S., Iselin, NJ P: 732-494-6200 www.icrewnj.org APRIL 19 – BOMA PHILADELPHIA Event: Monthly Luncheon: Trains, Planes & Automobiles-Projects Impacting Our Region Time: 11:30 AM – 2:00 PM Location: The Union League Address/City: 140 S. Broad St., Philadelphia, PA Cost: $65 Members $80 Nonmembers P: 215-567-1775 www.bomaphila.com APRIL 20 – ABC EASTERN PA Event: Chapter Meeting – ABC Means Green Time: 5:00 PM Location: The Brick Tavern Cost: $50 Members P: 610-279-6666 www.abceastpa.org APRIL 20 – IREM SOUTHERN NJ Event: Wine, Dine & Unwind: Fundraiser for Habitat for Humanity Time: 5:30 PM – 7:30 PM Location: AFR Furniture Rentals Showroom Address/City: 720 Hylton Rd., Pennsauken, NJ Cost: $45 Members $55 Nonmembers P: 856- 829-8939 www.irem101.org APRIL 20 – MARYLAND SUBURBAN CREW Event: Lunch at Café 1894 Location: Café 1894 Address/City: 10417 Armory Ave., Kensington, MD www.marylandsuburbancrew.org APRIL 21 – IREM DELAWARE VALLEY Event: Chapter Dinner Meeting Time: 5:30 PM Location: Hilton Philadelphia City Avenue Address/City: 4200 City Avenue, Philadelphia, PA Cost: $55 Members $65 Nonmembers www.irem3.org

POA New Jersey

(Property Owners Association of New Jersey)

www.poanj.org

ABC

(Associated Builders & Contractors)

www.abc.org

MBA

Mortgage Bankers Association of New Jersey

www. mbanj.com

B Back Cover — April 8 - 21, 2011 — New Jersey — Mid

Atlantic Real Estate Journal

MAREjournal.com

FOR LEASE 53 FRONTAGE ROAD, HAMPTON, NJ

5 12

S SE

1 20

MODERN-GENERATION OFFICE SPACE S E C O ND F L O O R PLAN

F I R S T F L O O R PLAN Available 1,770 RSF

Available 1,032 RSF

Available 1,909 RSF

F LO O R / A R E A :

Partial 2nd - 35,067 RSF (divisible) 21,970 RSF (divisible) 11,371 RSF (divisible) 6,494 RSF Partial 1st - 16,262 RSF 10,921 RSF (divisible)* 4,005 RSF 3,860 RSF 1,909 RSF 1,770 RSF 1,032 RSF

R E N TA L R AT E :

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$1.75 per RSF

PARKING:

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Available 4,005 RSF

AVAILABLE 14,632 RSF

Available 10,921 RSF AVAILABLE 7,338 RSF

Available 16,262 RSF AVAILABLE 11,371 RSF

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F O R MORE INFORMATION CONTACT:

Robert Ryan

Patricia Riedel

John Goodwin

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patricia.riedel@cbre.com

john.goodwin@cbre.com

PENNSYLVANIA

SHOPPING C ENTERS R E J EAL

STATE OURNAL

Section C of the Mid Atlantic Real Estate Journal

270,000 s/f on 30 acres within the Lehigh Valley Crossings Industrial Park

Endurance Real Estate Group affiliate aquires $11.1m whse./dist. building

OWER MACUNGIE TOWNSHIP, PA — An affiliate of Endurance Real Estate Group, LLC, announced the acquisition of 2834 Schoeneck Rd., a class A warehouse/distribution building totaling 270,000 s/f, situated on 30 acres of land (the “Property”) within the Lehigh Valley Crossings Industrial Park for $11.1 million. The Property was acquired from Wind River Investments, LLC

and is located in Lower Macungie Twp.

APRIL 8 - 21, 2011

HI-LIGHTS ROCK Commercial Real Estate brokers $214,000 sale White Rose Credit Union bought a 6,562 s/f office building at 107 East Philadelphia St. ROCK represented the buyer and the seller in this $214,000 transaction. See page 2C.

NAI Commercial Partners & High Associates ink 13,822 s/f NAI Commercial Partners, Inc. of Lancaster, announces the lease of 9,000 s/f of commercial space located at 430 North Franklin St. See page 3C.

ALSO INSIDE: CENTRAL PA SPOTLIGHT ............................................... 5-16C

2834 Schoeneck Rd. The acquisition also includes an additional nine acres which allows for a building expan-

sion or new building to be constructed of 100,000 s/f or more and provides for addi-

tional trailer parking. “This acquisition is indicative of the types of deals we are seeking to acquire, providing a combination of stability with the existing tenancy and the ability to add further value through the development of the excess land at a time when we are seeing a significant increase in leasing activity in the Pennsylvania industrial markets,” said Benjamin Cohen, president of Endurance. ■

Single-tenant net-leased property located in Philadelphia

Marcus & Millichap sells 10,125 s/f property totaling $3.525 million PHILADELPHIA, PA — Marcus & Millichap Real Estate Investment Services has announced the sale of a CVS/ pharmacy,a 10,125 s/f singletenant net-leased property, according to Spencer Yablon, regional manager of the firm’s Philadelphia office. The asset commanded a sale price of $3.525 million or an 8.17% cap rate. Brad Nathanson, a senior director in Marcus & Millichap’s Philadelphia office, had the listing to market the property on behalf of the seller, a Philadelphia based partnership. The buyer was secured and represented by Dean Zang,

CVS/pharmacy Mark Taylor and Christopher Philadelphia office. Munley, investment specialCVS/pharmacy is located at ists in Marcus & Millichap’s 8525 Frankford Avenue. ■

Committed to Central PA Connected to the World

ABC EASTERN PA ............................................................13C CREW PHILADELPHIA ................................................ 14-15C CREW LEHIGH VALLEY ................................................ 18-19C PEOPLE ON THE MOVE ......................................................20C EXECUTIVE PROFILES ........................................................21C Section C, 24 pages

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0GÙDF Retail Industrial Land Investment Corporate Services

NAI CIR PO Box 8910 Camp Hill, PA 17011 717 761 5070 www.naicir.com

C Inside Cover — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal — Pennsylvania — April 8 - 21, 2011 — 1C

2C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PENNSYLVANIA Also completes 2,679 s/f in leases

ROCK Commercial Real Estate brokers $214,000 sale ORK COUNTY, PA – White Rose Credit Union bought a 6,562 s/f office building on 0.15 acres at 107 East Philadelphia St. ROCK Commercial Real Estate represented the buyer and the seller in this $214,000 transaction. WC Rapha Project leased 2,479 s/f of office space at Delphia Plaza, 320 East Philadelphia St. ROCK Commercial represented both the landlord and the tenant. Virtual October, Inc. leased 200 s/f of office space at 2331 East Market St. ROCK Commercial represented both the landlord and the tenant in this transaction. ■

FOR SALE Garden Center & Nursery Collector’s Nursery 20 Acres 5,000 sq. ft. retail center 8,000 sq. ft. greenhouses Equipment building Turn Key operation 21 year establishment Serving the Mid-Atlantic $1,500,000.00 Contact: Terry Sutton Cell: 717.309.8067 Office: 717.718.4100 x 104 TSutton@AllianceCommercialRealty.com

107 East Philadelphia St.

Binswanger, Realty Group East and CB Richard Ellis negotiate 241,977 s/f, 15-year warehouse/office lease in Bristol BRISTOL, PA— Binswanger’s client, Lexington Bristol L.P., an affiliate of Lexington Realty Trust, entered into a 15-year lease with an A-rated tenant for its 241,977 s/f warehouse/ office facility located at 250 Rittenhouse Circle. The tenant plans to use the facility for administrative and general office, light assembly, and warehouse/distribution.

The property is located in Keystone Park, Bucks County’s premier business park, at the 413 exit of I-95 and ten minutes from the Delaware Valley Interchange of the Pennsylvania Turnpike. The site is designated as a Keystone Opportunity Improvement Zone allowing for tax relief and a Bucks County Enterprise Zone which provides local

businesses with technical, financial, and infrastructure assistance. Frank Cullen, president, Realty Group East and Chris Pennington for Binswanger Company, represented Lexington Bristol L.P. and Michael Mullen and Pat Green executive vice president from CB Richard Ellis represented the tenant. ■

Contact Any One Of Our Attending Agents To Make An Appointment: Agent

Ext.

Email Address

Chad Stine

253

cstine@bennettwilliams.com

Bobby Traynham

245

btraynham@bennettwilliams.com

Gary Russell

259

grussell@bennettwilliams.com

Bradley Rohrbaugh

251

brohrbaugh@bennettwilliams.com

Jeremiah Hamilton

232

jhamilton@bennettwilliams.com

Kevin Potter

256

kpotter@bennettwilliams.com

Gordon Kauffman

284

gkauffman@bennettwilliams.com

Adam Hagerman

235

ahagerman@bennettwilliams.com

110 N. George Street, 4th floor York, PA 17401

717-843-5555

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Mid Atlantic Real Estate Journal â&#x20AC;&#x201D; Pennsylvania â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; 3C

PENNSYLVANIA Bill Gladstone Grp. handles 2,400 s/f lease in Lwr. Paxton

NAI CIR & NAI Pittsburgh rep tenant in 71,330 s/f lease

A R R I S B U R G , PA â&#x20AC;&#x201D; Mathhews International Corp. will expand its York Casket Division to 71,330 s/f of warehouse distribution space it has leased at 3400 Industrial Rd. James Ross of NAI CIR and John Bilyak of NAI Pittsburgh represented the tenant in negotiations with the landlord, Exeter 3400 Industrial, LP. Central PA Rehab Services will open an additional facility in 2,400 s/f of space it has leased at 989 E. Park Dr., Lower Paxton Twp. The Bill Gladstone Group of NAI CIR represented Central PA Rehab and the property owner, Union Deposit Corp., represented itself in the lease transaction. The law firm of Jividen & Wehnert, LLC has leased 1,559 s/f of office space at 3461 Market St., Camp Hill. Nikolas Sgagias and Jason Sourbeer of NAI CIR represented the landlord, Atrium West LLC, and Ida McMurray, also of NAI CIR, represented Jividen & Wehnert. Nusani, an advertising and internet consulting company, has leased 1,368 s/f of space at 1 Tyler Court, S. Middleton Twp. Joe Bedard of NAI CIR represented the landlord, Partners 4 Associates, and Nusani represented itself in the transaction. Shakedown BBQ will relocate to 668 Firehouse Rd., Grantville, where it has leased 1,200 s/f of space. Nikolas

Regency Centers leases 2,400 s/f to Highmark Blue Shield LOWER NAZARETH TWP., PA â&#x20AC;&#x201D; Regency Centers has leased retail space at Lower Nazareth Commons to Highmark Blue Shield. A health insurance provider, Highmark Blue Shield has leased 2,400 s/f of retail space, bringing the center to 98 percent leased. The business is slated to open in July. The 79,118 s/f shopping center is anchored by Wegmans, Target and Sports Authority alongside national retailers such as Chick-fil-A, Great Clips, Buffalo Wild Wings and Five Guys Burgers and Fries. Lower Nazareth Commons is located at Nazareth Pike (SR 248) and Corriere Rd. in Lower Nazareth Township. â&#x2013;

HOT LAND AVAILABILITIES- MUST SELL! PoĆŠstown, PA- Riverfront Industrial District- Keystone Blvd. â&#x20AC;˘ 10.3 Ac. Industrial Property, zoned FO-Flex-OÄ¸ce. All public uĆ&#x;liĆ&#x;es. â&#x20AC;˘ Keystone Opportunity Zone (KOZ) providing unique tax incenĆ&#x;ves for development. â&#x20AC;˘ Fronts (559â&#x20AC;&#x2122;) on Keystone Drive near new Montgomery County CC campus in PoĆŠstown. â&#x20AC;˘ Excellent site for Industrial Development . Had been used as scrap yard and such use can be conĆ&#x;nued. â&#x20AC;˘ Two minute drive to Rt. 422 x-way via Hanover St. exit. 422 is main thoroughfare between Philadelphia and Reading, PA. Accessible to public transportaĆ&#x;on â&#x20AC;˘ Just reduced to $529K- only$51,000/AC!

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Collegeville, PA- Commercial Site- Rt. 29 EnĆ&#x;tled for 24 new MulĆ&#x;-family unit project â&#x20AC;˘ 2.97/AC Re-Development Opportunity. Zoned VCR-2 in Perkiomen Twp., permiĆŤng commercial, professional, oÄ¸ce, medical, retail, hotel, restaurant type uses. â&#x20AC;˘ Zoning enĆ&#x;tled for new 24 unit apt. development; (16) 2-BR and (8) 1-BR units in a single 3 story structure â&#x20AC;˘ On Rt. 29 near Rt. 113 with 11,000/Day ADT; 450â&#x20AC;&#x2122; Prominent Frontage â&#x20AC;˘ For sale at $795,000 -Owner will consider a joint venture partner

3400 Industrial Rd. Sgagias of NAI CIR represented both Shakedown and the landlord, John Kotsalos, in the lease transaction. Dealer Services Corp. is relocating into office space it has leased at 4711 Queen Ave., Low-

er Paxton Twp. Jason Sourbeer and Nikolas Sgagias of NAI CIR represented the landlord, Flowers Properties, and David Rudy of the Bill Gladstone Group of NAI CIR represented Dealer Services. â&#x2013;

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4C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PENNSYLVANIA McDermott handles 2,855 s/f of commercial space

NAI Commercial Partners & High Associates ink 13,822 s/f

L LEASE: $4.50-$4.95/SF 360 Steel Way, Lancaster PA • 6,600 – 26,400 SF Industrial Flex

• 24’ ceilings

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Breaking New Ground

PITTSBURGH, PA — Abele Business Park, minutes from Washington County, downtown Pittsburgh, and Pittsburgh International Airport, announced two new long-term tenants to Emerson Ln and Old Pond Rd. Expansion options for one of these new tenants is already underway which will bring the total s/f to over 17,000. ■

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805 Estelle Dr., Suite 209 CCIM of NAI Commercial bach’s Pastry Inc. and the Partners, Inc. represented tenant, Andrew’s Family Resboth the landlord, Achen- taurant. ■

Abele Business Park announces new tenant activity

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ANCASTER, PA — NAI Commercial Partners, Inc. of Lancaster, announces the lease of 9,000 s/f of commercial space located at 430 North Franklin St. Thomas McDermott, CCIM, SIOR of NAI Commercial Partners represented the landlord, James and Tammy Haines d/b/a Diversified Machine, Inc. Jeffrey Kurtz of High Associates, Ltd. represented the tenant, School District of Lancaster. NAI Commercial Partners, announces the lease of 4,822 s/f of professional office space located at 805 Estelle Dr., Suite 209. Michael Sheaffer of NAI Commercial represented the tenant, Cornerstone Operations Group LLC. Ruth Devenney of High Associates Ltd. represented the landlord, High Properties. NAI Commercial Partners announces the lease of 2,855 s/f of commercial space located at 480 New Holland Ave. Thomas McDermott, CCIM, SIOR of NAI Commercial Partners represented both the landlord, Urban Place, LP and the tenant, Vineyard Heritage Center. NAI Commercial Partners announces the lease of a 4,360 s/f restaurant located with Achenbach Pastries at 371 E. Main St., Leola. John Thiry,

63 Kreider Lane Manheim, PA 17545 (717) 898-7651

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Abele Business Park

PENNSYLVANIA SPOTLIGHT EASTERN PENNSYLVANIA SPOTLIGHT MAREjournal.com

Mid Atlantic Real Estate Journal — Eastern Pennsylvania Spotlight — April 8 - 21, 2011 — 5C

184-unit, 552-bed student housing community adjacent to Kutztown University

NorthMarq’s investment sales team arranges $30m sale of student housing U T Z T O W N , PA — NorthMarq’s investment sales team of Joe Verdejo and Jim Sheehan arranged the $30 million sale of an 184-unit, 552-bed student housing community adjacent to Kutztown University in Kutztown. The sale was completed in less than three months following significant investor interest. The seller and original developer was Apex at Kutztown, LP, which built the facility in 2008; the buyer was Bruce E. Toll’s BET Investments. In the student housing sector, universities continue to expand even in the face of the worst economy since the 1930s. “As a result, we are finding exceptionally strong demand for well-located student hous-

184-unit, 552-bed student housing community in Kutztown, PA ing communities from buyers all across the country, ranging from institutions to private equity groups,” said Verdejo,

senior vice president-investment sales. “This property is a real game changer for student housing in

CONDOMINIUM DEVELOPER

Kutztown, featuring a resortlike atmosphere, tremendous amenities, electronic security for each bedroom suite and high

capacity internet and cable television services for each student,” said Sheehan, senior vice president-Investment Sales. ■

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6C â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; Eastern Pennsylvania â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

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EASTERN PENNSYLVANIA Newmark Knight Frank Smith Mack rep Bressler & Reiner in 31,168 s/f lease

Jackson Cross Partners brokers two leases totaling $4 million

LUE BELL, PA â&#x20AC;&#x201D; Jackson Cross Partners, LLC announced the signing of two long-term office leases totaling 40,044 s/f with an aggregate value in excess of $4 million. The larger of the two leases was for 31,168 s/f in Blue Bell, PA and the second lease was for 8,876 s/f of office space in Wilmington, DE. J & B Software signed a 31,168 s/f lease at 510 East Township Line Rd., an 87,000 s/f building owned by Bressler & Reiner.

510 East Township Line Road

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â&#x20AC;&#x153;This lease was a restructure with J & B Software downsizing from 44,000 to 31,168 s/f,â&#x20AC;? said Keith Oâ&#x20AC;&#x2122;Brien of Jackson Cross Partners. â&#x20AC;&#x153;This transaction is representative of the marketplace at large, where deals favorable to tenants are in abundance for strong credit tenants such as J & B Software.â&#x20AC;? Keith Oâ&#x20AC;&#x2122;Brien and Kyle Oâ&#x20AC;&#x2122; Brien of Jackson Cross Partners represented J & B Software. Newmark Knight Frank Smith Mack represented the building owner. In the second transaction Keith Oâ&#x20AC;&#x2122;Brien and Cindy Fleming represented Proctor Heyman LLC. This lease was for office space at 300 Delaware Avenue in Wilmington, Delawareâ&#x20AC;&#x2122;s central business district. Brandywine Realty Trust is the building owner. â&#x20AC;&#x153;Proctor Heyman, a Delaware corporate litigation firm, is growing rapidly and needed to relocate in order to better serve their expanding list of clients,â&#x20AC;? noted Keith Oâ&#x20AC;&#x2122;Brien. J&B Software provides market leading systems for processing and managing automated electronic payments and other transactions to over 160 organizations worldwide. J&B Software provides solutions to regional and money center banks, insurance companies, mutual funds, credit card processors, student loan processors, brokerage, telecom, utilities, government, transportation, media/communications, non-profit and commercial organizations. J&B processes more than 2 billion payments annually. The law firm of Proctor Heyman LLC practices principally in corporate and commercial litigation before the Delaware Court of Chancery. The firm acts as both lead counsel and Delaware counsel in matters before Delaware state and federal courts, and works with some of the nations leading law firms. The firm handles a full array of corporate and commercial litigation matters, including corporate governance, mergers and acquisitions, stockholder class and derivative actions, fiduciary duties, stockholder appraisal actions, and litigation involving limited liability companies and limited partnerships. â&#x2013;

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Mid Atlantic Real Estate Journal — Eastern Pennsylvania — April 8 - 21, 2011 — 7C

EASTERN PENNSYLVANIA CenterPoint Commerce & Trade Park breaks ground for 108,8000 s/f flex site

Mericle is First Developer in 2011 to build on spec in region

CenterPoint Commerce & Trade Park

often what wins new jobs. “Companies often don’t anticipate their growth and are therefore faced with extremely tight time frames to find and occupy space, he said. Mericle’s speculative development in CenterPoint gives Northeastern PA a significant advantage when we compete against other states for jobs.” Mericle recently announced that it had signed a lease for its 198,400 s/f spec building at 100-124 Capital Rd. in CenterPoint East with United Sporting Cos. ■

STANTEC BUILDING BRANDS

ACROSS NORTH AMERICA

Stantec is at the top of the list in Commercial Construction Magazine’s Top Commercial Architects and Top Commercial Engineers Reports for 2008. The reports ranked firms in the retail, hospitality and restaurant industries as well as for the number of retail projects completed. In both reports, Stantec was one of the Top 10 firms in all categories. Stantec is a global design firm providing comprehensive planning, sustainable design, and program management services to retailers across North America. Our architectural; civil, structural, mechanical, electrical, and plumbing engineering; landscape architecture; and program management services are complemented by an array of specialized services, all of which are delivered through a network of more than 130 local offices throughout North America. AD-DA-NSP-2009SEP28-P1V1

he demand for space in CenterPoint Commerce & Trade Park has prompted Mericle Commercial Real Estate Services to break ground for a 108,800 s/f speculative flex building. The state-of- Jim Cummings the-art facility will be located on 18.48 acres in Pittston Twp., PA along Enterprise Way in CenterPoint West, near The Home Depot’s regional distribution center. The new building will be the first constructed on speculation in Northeastern PA in 2011. Mericle VP of Marketing Jim Cummings said CenterPoint’s success led to the company’s decision to build the new facility. “Vacancy rates in the park are very low, said Cummings. Twenty five companies have moved into the park since 2006 and we are running low on available flex space. We want to make sure we have options available when companies show interest in the park.” Cummings said the new flex building has been designed so that it can accommodate office, distribution, and manufacturing businesses. “The building will have an attractive, architecturally designed front with lots of windows and can be subdivided to as small as 6,400 s/f,” he said. The building will feature ceiling clear heights ranging from 30’ to 33’, 16 loading doors, energy efficient T-bay lighting fixtures, energy efficient gas fired unit heaters and a highdensity sprinkler system. The new building will be the 19th constructed in CenterPoint since 2006. The 25 companies in the park together employ 2,500 workers. Cummings said Mericle plans to construct more spec buildings in CenterPoint to ensure that the area can compete effectively for new jobs. “Inquiries and client tours are on the rise and CenterPoint continues to be a sought after location, he said. The competition from other states is intense so we will make sure we have spaces available in all shapes and sizes.” He said a region’s ability to provide quality space quickly is

Please call Joseph Viscuso at (610) 840-2505 or Clifton Quay at (856) 234-0800

One Team. Inﬁnite Solutions.

C â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; Eastern Pennsylvania â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

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Eastern Pennsylvania Discussed planning, architecture and landscape architecture

BartonPartners Architects Planners host Japanese businessmen and developers

n Saturday, March 12, BartonPartners Architects Planners hosted a group of Japanese businessmen and developers from the Polus Group, a division of Chuo Green Development Co, Ltd. headquartered in Koshigaya City, Saitama, next to Tokyo; the Polus group develops and builds mostly small and large infill, single-family developments near Tokyo. The development team, including Noriko Yamamoto of LA-based Global Link, was visiting the U.S. to

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look at planning, architecture, and landscape elements associated with traditional neighborhood developments. They have previously modeled one of their communities after Richmond, VA, a sister city to Saitama. Among the visitors were director Takahiro Kaino, vice president of Design Shinichi Hashimoto, and eight other department heads. The day started at BartonPartnersâ&#x20AC;&#x2122; office in Norristown, PA where Tom Barton, owner and principal of BartonPartners, led the group on a tour of the office. Bill Warwick, principal at BartonPartners, then began a presentation on an overview of BartonPartners and their work. Dave Stembel, senior project manager at BartonPartners, followed with a discussion about BartonPartnersâ&#x20AC;&#x2122; affordable-sustainable initiatives for single-family and multifamily developments. Doug Olsen, landscape architect at BartonPartners, finished the presentation with creative stormwater management and landscape issues. From there, BartonPartners guided the group on a tour of four sites including Weatherstone in Chester Springs, Eagleview in Exton, and two BartonPartners-designed communities: Brinton Village and the Courtyards at Cherry Creek. The homes at Brinton Village, located in Thornbury Township, are designed with Craftsman and Cottage architectural design elements to reflect the areaâ&#x20AC;&#x2122;s rural farmhouse style. The Courtyards at Cherry Creek, located in Brandywine, PA, is an active adult community of 119 carriage homes. Both parties thought the visit was a very positive and valuable experience. â&#x20AC;&#x153;(BartonPartners) powerpoint presentation was very informative and helped (Polus) to understand (BartonPartners) design philosophy and the projects,â&#x20AC;? Noriko Yamamoto stated. Bill Warwick said, â&#x20AC;&#x153;It was an interesting opportunity to have an exchange of ideas with a different culture and to realize even though our countries are separated by great distances, a lot of our concerns about planning, architecture and landscape architecture are similar. We were able to learn from each other different ways of approaching these concerns to achieve better solutions.â&#x20AC;? n

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Mid Atlantic Real Estate Journal — Eastern Pennsylvania — April 8 - 21, 2011 — C

Eastern Pennsylvania

THE NORTHEAST DISTRIBUTION SOLUTION

• Liberty Property Trust is one of the leading providers of industrial real estate in the Northeastern United States • We provide a single source solution for all types of industrial and distribution projects • We understand the science of supply chain management and we work with our customers to devise real estate solutions exibility • Liberty can quickly assemble the talent and capital to complete industrial projects of any size or complexity • Over 35 years of experience in development, management & marketing of commercial real estate • 186 build-to-suits completed and over 63 million square feet developed • A land bank of 1,974 commercially-zoned acres • Liberty has over 24 million square feet of industrial space on hand and more than 500 acres secured for future development in PA, MD and NJ alone • Awarded ULI’s 2009 Award of Excellence, NAIOP’s 2008 Developer of the Year Award and CoreNet Global’s 2008 Sustainability Leadership Award for Design & Development

BUILDING GREEN, BUILDING SMART

• Pioneer of high-performance, green development and management: ed warehouse facility constructed in Lehigh Valley, Pennsylvania at 920,400 square feet • 38 LEED projects completed or under construction, more than any other commercial developer • 6 BREEAM projects completed or under construction in the United Kingdom

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Arizona • Carolinas • Florida • Illinois • Maryland • Minnesota • New Jersey • Pennsylvania • Texas • Virginia • Washington D.C. • Wisconsin • United Kingdom

10C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

Bakers square architEct

Community SC anchored by a 71,000 s/f ShopRite

Metro Development Co. breaksground on 220,000 s/f

Architecture Interior Design VALLEY SQUARE Warrington Township, PA

Planning Consulting Services Design-Build

SPRING HOUSE VILLAGE SHOPPING CENTER Lower Gwynedd, PA

PZS Architects, LLC, 5312 Ridge Avenue, Phila., PA 19128 Contact: David Polatnick 215.483.1915 www.pzsarchitects.com

lanD uSE/Zoning/lEaSing attornEY Congratulations to Metro Development Company & U.S. Realty We are proud to be a part of your Baker Square Development Team

n a crisp Friday morning in March the intersection of Rte. 1 & Fox St. in Philadelphia saw its usual hustle and bustle of countless cars, trucks and school buses as the day began. The only noticeable difference that morning was the peculiar absence of many regular neighborhood shoppers at the gas station convenience stores which straddle the highway. Unfortunately for far too long tiny stores such as these ﬁlled with candy, soda, cigarettes and the occasional loaf of white bread have been one of the only available grocery options to local residents of this densely populated section of the city. These regulars weren’t far away though and could be found just one block south at Fox St. & Roberts Ave. as they joined hundreds of their neighbors who were packed under a large tent for the groundbreaking ceremony of Bakers Square, a new 220,000 s/f community shopping center anchored by a 71,000 s/f ShopRite. At the podium stood Michael Grasso, president of Metro Development Co. which recently celebrated its 30 year anniversary as the region’s premiere

Shown from left: Vincent Hughes, Jewell Williams, Michael Grasso, Mayor Nutter, Gregory Bianchi, Curtis Jones, Cindy Bass, Sandy Brown, Joshua Brown, Jeff Brown, Wendall Young real estate development ﬁrm. Brown’s ShopRite, Wendall Grasso, who spoke to the crowd Young IV of UFCW Local 1776 over the sound of bulldozers, is and Cindy Bass, Senior Policy no stranger to hosting ground- Adviser to Congressman Chaka breaking ceremonies. Under his Fattah. direction Metro has successfully Bakers Square will be located developed over 15 million s/f of on the site which was once the retail, ofﬁce, multi-family, hotel former corporate headquarters and industrial space across and major production facility Philadelphia and its suburbs of the famed Tasty Baking Co. and has two other shopping This exciting and expansive centers currently in the plan- project will encompass over ning phase. Grasso shared the 30 acres situated along West stage that morning with several Hunting Park Ave. as well as other speakers including Mayor Fox St. and Roberts Ave. which Michael Nutter, State Senator is part of the Philadelphia Vincent Hughes, Councilman City Planning Commissions Curtis Jones, State Rep Jewell Redevelopment Initiative. This Williams, Gregory Bianchi Initiative was designed to reof US Realty, Jeff Brown of vitalize impoverished areas within the city by redeveloping antiquated properties, beautifying streets, establishing new businesses and creating jobs to ultimately enhance and unify Owner ..................................................... TKMG Associates, LP these communities. Through Developer................................... Metro Development Company the development of Bakers Architect ............................................................. PZS Architects Square 600 – 700 jobs will be Landscape Architect........................Gilmore & Associates, Inc. created as well as 500 construcMEP Engineer ......................................... BHG Consulting,Inc tion jobs. In addition to the grocery Structural Engineer ................ Joseph Barbato Associates, Inc. element, Bakers Square will Civil Engineer..................................Gilmore & Associates, Inc. also contain 149,000 s/f of Geotechnical Consultant .................Gilmore & Associates, Inc. stores and restaurants to betDemolition/Excavation ............................... Geppert Bros. Inc. ter serve the community. Metro Land Use/Zoning/Leasing Development anticipates the Attorney................................. Klehr Harrison Harvey Branzburg, LLP completion of Bakers Square sometime during the third Leasing Agent .................................US Realty Associates, Inc. quarter of 2012. ■

PROJECT TEAM

Lee Sussman – Leasing Ronald Patterson – Land Use & Zoning

Mid Atlantic Real Estate Journal would like to congratulate Metro Development Co. and

Business Law At Business Speed® Philadelphia 215-569-2700

Cherry Hill 856-486-7900

Wilmington 302-426-1189

The Project Team on Bakers Square If you would like to feature your company, development or project call Elaine Fanning: (800) 584-1062/781-871-5298 Ext. 212 or email: efanning@marejournal.com

11C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

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Bakers Square Structural Engineer

JOSEPH BARBATO ASSOCIATES, LLC Consulting Structural Engineers Joseph Barbato Associates, LLC

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Mid Atlantic Real Estate Journal

Civil Engineer/Geotechnical Consultant

Gilmore & Associates, Inc. Engineering & Consulting Services

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irectly Nation across from the Cen al Con Bell at ter and stitution the Lib Frankl the base erty of phia’s in Bridge in the Ben Old Cit Philad stands y nei elProject Franklin ghborhood Pla and red is an adaptiv ce. The St. the evelopment e re-use of ers Ma former Pin 401 Race cus mixed- xwell Buildi Broth150 roouse Project ng. This its des retail m hotel, 50,includes a and res 000 operat ign, constru 65 res tauran s/f of ion ction, and A new . 200-sp idential hom t space, ace es res featur and a parkin Frankl ing appide nti al tow one-an fully desin Place has g facility. roxima er will be d two-bedro tely 55 ing stru igned with been careside in built on theomth homes simulta ctures in surroundmin neo d wh ect. Th Phase II of 4 Street usl landm ark ent y serving ile will sha e residenti the ProjCity of as a ryw al ay re Phi sev tow ameni Fra nk ladelphia into the ties witeral of the er the Pro key me nts lin Pla ce . h the roof top ject including rest of that Phinea rby lan com ple Entertainm ground gardens aro , several Healthcare ent for suc ladelphia dm ark s Hospitality pits, runpool, green und an in of Ind h as the his is famous Mixed Use and a ning/walk roofs, fire Nation ependence toric sites Residentia roo l caterin f top restauing tracks Retail and theal ConstitutioMall, the n Senior of the neighb the dyng facility ove rant and City. Living ste orhood Center, The street el buildin of Phi amic views rlooking will str mixed-use of Old side wh g on the th ladelp of the Ma eng tow hia Pro Cit xwell 5 and ere ARC then er the are . ject y Bu tou has theonce stood. the candy sto additional formed Properties hospita a by offerin rism in adjacent lan ilding and The Hot stru , rag 25 par Inc g lity ent d enh e yea ctu ver the . king on the com ire ral cap ser anc el The tica of Ph and J. Ambrosi rs ago by Robwas ilad elp vices to visi ed St. Thenorth block prising the parking spa will be l developme acity for spi Project basement lev has bee and Ma ert hotel will em rc fur nt, el. rit n Per rooms hia , inc ludtors lin Pla higher lev of 400 Race mately 60, ces and app the wh respon of sus transi el and acquis , restau 000 tertain live/wo rox ing sib tion lev r separated ich using ce offe els of Fra tain body rk spa s/f of office imoder able des the more ition and dev le for the by a el. The nee dedment venues rants, en- views – ran r breath nkce. n me Th e or des inclusion tak gin thods ign an aggthan 200 pro elopment of igned Place’s par kin g. , and much erty Bell to g from the ing compri exi stin g of a car per for reg tra bui $2 bill ate value ties with five-sta premium locaFra nkl in City Skyline the Philad Lib- ponent sed of two ldi ng is several des nsition floor efully ion. Q in excess elp main yiel Philad r amenities tion and River. The to the Del hia construs. The 5 th stre of com- ment optionign and dev ds Pro aw elp travel hia’s manyalso serve by a 150 all- ject is anc are sits adj cted of con et side is floor ’s des s. The tra elopOwner/D ers nsi hor on sui cre ace busine column ign does evelope The . not req tion ss ste top of the te Hotel buied ing on 4 th nt to the ste te, and lines of r: ............ com General existin uir el stru el the lt Str ...... vel opmFranklin Pla e bui pon 3-s ............ new ver eet. The Contrac g 3-s ldent ctu tor ............ tor:...... well-kn ent cen ter ce rede- side. The exi re on the 5 th tory containy steel bui existing of the exi to align wit tical ............ ............ Site & Street h tho stin stin ..ARC ldin hou own Pin s on ed fea Civil Eng ............ Propertie ............ cus Bro the first se 36,000 s/f g building wil candy fac an additional g once roo ture allows g facility. Thise ineer: s ......... Dale ............ Structur of ret 9-story l version tory bef floor ftop vie for add thers s ............ al Eng Corpora ore ws itio floors . The second ail on the Cit ...... to inee nal ove its ............ y tion the 3-s r: ............ includ Brothe Design .Bohler tory Pincon- cantileas well as rlooking the e a com and third ............ Architec Enginee sta The rs Maxwe ............ binatio cus t: ............ ring ... O’D alte vered stru ggered n of for redevelop ll Buildi Architec ............ onnell the Hot ment pla ng. wil rnatives. The ctural des or t of Rec & Nac ............ ign carato l hou ............ n ord: ...... el to be stee .......... Project ............ built oncalls with se ground l building DAS Arch Manager ............ par fl top ............ itects : ............ homes king and oor retail ..... JKR Leasing ............ on the nd residentia Partners Manager ............ SITE AN 2 and rd , LLC ............ : ............ D CIVI 3 floor l ....... FC ............ Leasing L ENG s Dev ...... Con elop ............ INEER sultant. ment ........... ......

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12C — April 8 - 21, 2011 — Eastern Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

EASTERN PENNSYLVANIA 101 W. Elm Street in Conshohocken

Located on Penn’s Landing

Marcus & Millichap signs 9,000 s/f in Brandywine property

The Residences at Dockside offers buyers $6,000 credit

ONSHOHOCKEN, PA — Brandywine Realty Trust announced that Marcus & Millichap has signed a fiveyear lease in Brandywine’s 101 W. Elm St. property. The 9,000 s/f lease, effecJennifer tive April 1, Unterberger 2011, was executed by Brandywine leasing agent Jennifer Unterberger. The 101 W. Elm Street property boasts amenities such as a

101 W. Elm Street brand new conference facility, a refreshment center, a gym, an attached parking garage and on-site security. Electricity is metered separately for each tenant, and the chief building

operating engineers are on site. The building is within walking distance to public transportation and offers the first-class property management for which Brandywine is known. “We are so thrilled that Marcus & Millichap has chosen our 101 W. Elm Street property, and we value Brandywine’s long-term relationship with the company,” Unterberger said. “Conshohocken is a wonderful place to do business, with all of its local amenities and its close proximity to downtown Philadelphia.” ■

PHILADELPHIA, PA — Today, The Residences at Dockside, Philadelphia’s premier luxury waterfront property, announced they will offer new buyers a $6,000 credit towards their condo fees. Having recognized the state of the market and the beginning of the spring season, the 242-unit luxury waterfront condominium property, has put forth this new initiative to incentivize buyers and alleviate some of the financial burden associated with buying a home. “As we look forward to a prosperous spring market, we wanted to give our prospective buyers another reason to

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Call or Email for Details! Elaine Fanning 1-800-584-1062 ext 212 efanning@marejournal.com “A man who stops advertising to save money is like a man who stops a clock to save time.” -Henry Ford

consider making the move to The Residences at Dockside,” said Donna Bartynski, COO of The DePaul Group and developer of The Residences at Dockside. “We hope this credit will help in buyers’ purchasing decisions and make the choice to experience life on the water with us, that much easier.” Located on Penn’s Landing and just minutes from I-95, I-76 and Center City, The Residences at Dockside serves as one of Philadelphia’s most unique properties. Each of the 242 units within the 16-story property feature private parking, a 24 hour doorman, heated indoor pool, spa-fitness club, free shuttle service to and from Center City, private terraces, designer kitchens, hardwood floors and storage space. Offering unparalleled views of the Ben Franklin and Walt Whitman Bridges, Center City and the Delaware River, The Residences at Dockside gives buyers the best of the waterfront and Philadelphia at an unbeatable value. Prices start at $264,500. ■

NAI Mertz sells 12,000 s/f in Phila. PHILADELPHIA, PA — NAI Mertz announced the sale of 256 Geiger Road to Bambi Day Care. The NAI Mertz industrial team of Jeffrey Licht and Adam Lashner was the sole real estate brokerage team involved in negotiating this transaction for seller David Twersky. 256 Geiger Road is a modern, one story, free-standing 12,000 square foot industrial building situated on 1.276 acres. The building is fully airconditioned with 3,000 square feet of preexisting office space, 17’4” ceiling height, one row of columns, 1 tailgate and 1 drive-in door. The space came available after Licht relocated long term tenant, R & S Northeast, to accommodate their need to expand operations from 12,000 to 33,000 square feet nearby within 10049 Sandmayer Lane. The subject building represents an additional business venture for Bambi Day Care as they seek to serve their ever growing constituency for preschool education and day care needs for local families. 256 Geiger will work in tandem with Bambi’s current operation at 500 Red Lion Road. ■

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Mid Atlantic Real Estate Journal — Eastern Pennsylvania — April 8 - 21, 2011 — 13C

ADELPHIA FIRE PROTECTION CO., INC.

ABC EPA

“Building trust and conÀdence one project at a time. Time after time. Project after project.”

The voice for merit construction

ABC Eastern PA Chapter is Bigger, Better, Stronger

or nearly 50 years, Associated Builders and Contractors (ABC) has been the voice of merit construction in eastern Pennsylvania. In 2010, the Eastern Pennsylvania ChapJeff Zeh ter and the S o u t h e a s t President & CEO Pennsylvania Chapter consolidated to create a Bigger, Better, Stronger presence in 17 counties from the border of New York to the Delaware line. Learn more about the Bigger, Better, Stronger ABC Eastern Pennsylvania Chapter at abceastpa.org. With 550 member companies throughout the region, representing 15,000 employees, ABC is committed to support merit construction and free enterprise. ABC believes construction contracts should be awarded to the lowest responsible bidder. ABC helps its members grow by ensuring merit contractors can compete freely and openly in the marketplace through a variety of services including: Legislative and Political Action - ABC is the only voice in Harrisburg and Washington, D.C., for the entire merit construction industry. It opposes regulations and legislation that interfere with open competition and free enterprise. These efforts are augmented by a Political Action Committee, which actively supports pro-business candidates, and the Free Enterprise Alliance which focuses our issue advocacy efforts on matters such as

PLAs and RCOs. Legal Protection – ABC protects its members from harassment by unions and efforts of anti-business legislators to provide advantages to special interests. In the last 10 years ABC’s Legal Defense Fund has spent more than $350,000 defending against union harassment and interference. Member Services - Membership is the heart and soul of the Eastern Pennsylvania Chapter. Members are passionate about merit construction and frequently hire other ABC members for projects. An affiliate program offers discounts at Verizon Wireless, GM, Ford, Fed-Ex and more which have helped members offset their dues. Our agreement with PA One Call saves members $100 per year. Business Development - To further merit construction, ABC maintains a list of construction projects in the region and address concerns when they arise – from meeting with project owners to lobbying to remove a PLA or RCO. Current community service endeavors include the Multiple Sclerosis Society, Boy Scouts Cradle of Liberty Council, ACE Mentoring and Tomorrow’s Promise Management Education - ABC offers professional and personal development, human resources, business operations, computer software and legal and regulatory training as well as semester-long courses in estimating, blueprint reading, safety technology, project management and project supervision. Craft Training – ABC’s registered apprenticeship and craft training program offers four-

year programs in carpentry, electrical, electronic systems, masonry, plumbing/pipefitting, painting and five other trades. The training programs are nationally registered with the U.S. Department of Labor and the Pennsylvania Apprenticeship and Training Council. ABC is an accredited training sponsor for the National Center for Construction Education and Research. Safety – Chapter offers OSHA 10 and 30 hour programs and most other safety topics, including job site auditing, to maintain job site safety and protect employees. ABC maintains a formally recognized partnership with the Philadelphia, Allentown and Wilkes-Barre OSHA offices and has a nationally-recognized STEP Award Program through ABC National. Networking - The Eastern Pennsylvania Chapter hosts networking events throughout the year to increase members’ visibility in the local construction market. Annual events include: Building Industry Symposium, Excellence in Construction Awards and Banquet, Meet the Generals, Meet the Facilities Managers, legislative breakfasts, monthly chapter mixers, and spring and fall golf outings. To find a merit contractor committed to value, quality, safety, training and excellence in their commercial construction projects, use the Find Contractors tool at abceastpa. org. If you are interested in joining ABC Eastern Pennsylvania Chapter, call the Greater Philadelphia office at 610-2796666 or the Lehigh Valley office at 610-821-6869. ■

Need a Contractor? Think Merit. Think ABC. Associated Builders and Contractors Eastern Pennsylvania Chapter is BIGGER, BETTER AND STRONGER. Our 550 members in eastern Pennsylvania are committed to value, quality, safety, training and excellence in their commercial construction projects. Find a merit contractor for your project at abceastpa.org.

Visit: abceastpa.org Greater Philadelphia Office: 610-279-6666 Lehigh Valley Office: 610-821-6869

A full service Àre protection contractor serving Eastern and Central Pennsylvania SOME OF OUR SERVICES: System Design Field Installation RetroFits Tenant Fit Outs Re-Locates Field Fabrication Inspections (Monthly to Annually) Test And Certify All Back Flow Preventors (Both Sprinkler System as well as Domestic Sytems) OSHA 30 hour trained supervisors 24 HOUR EMERGENCY SERVICE HC-1 1375 Switzgable Rd., Brodheadsville, Pa. 18322 Phone: (570) 894-5200 Fax: (570) 894-0100 www. adelphiafp.com

Feature Your Project

Developments Construction Renovations Feature your Building Services Pennsylvania’s projects and Building Services Spotlight Issue Date: may 13th Deadline April 22nd

Mid Atlantic Real Estate Journal For more information call Elaine Fanning 800-584-1062/781-871-5298 Ext. 212

EFanning@mareJournal.com

14C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

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Commercial Real Estate Women Philadelphia Chapter www.crewphiladelphia.org

By Janet Kimbleton Grace, CREW Network Delegate

2011 PHILADELPHIA BOARD OF DIRECTORS

CREW Philadelphia’s “Women of Distinction”

PRESIDENT TRACY L. STEELE, ESQ. MORGAN LEWIS & BOCKIUS LLP IMMEDIATE PAST PRESIDENT DEBORAH A. GILMORE THE REINVESTMENT FUND PRESIDENT ELECT SHARON N. HUMBLE, ESQ. LINEBARGER GOGGAN BLAIR & SAMPSON, LLP TREASURER LISA KEANE, CPA EISNERAMPER, LLP ASSISTANT TREASURER & SECRETARY JEANNE ARMSTRONG WH POUNDS COMMERCIAL REAL ESTATE LLC CREW NETWORK DELEGATES BETTYANN SILVIUS THE SULLIVAN COMPANY JANET KIMBLETON GRACE ATHENIAN PROPERTIES, LLC COMMUNITY OUTREACH CHAIR CARI L. BRYCE RAIT FINANCIAL TRUST COMMUNITY OUTREACH COCHAIR / MENTORING BETH SLANKER BPG MANAGEMENT COMPANY, L.P. COMMUNITY OUTREACH CO-CHAIR / PHILANTHROPY FON S. WANG, AIA, LEED AP UCI ARCHITECTS, INC. COMMUNITY OUTREACH CO-CHAIR / PHILANTHROPY JESSICA R. SPADAFORD P. AGNES MEMBERSHIP CHAIR RAELENE V. MCCARTHY MKSD ARCHITECTS MEMBERSHIP CO-CHAIR JUDY OWENS CHANNICK ENVIRONETICS DESIGN, INC. EVENTS / PROFESSIONAL DEVELOPMENT CHAIR SEEM BALI, LEED AP CIGNA EVENTS CO-CHAIR / ARRANGEMENTS AMANDA RYLAND REMINGTON GROUP, INC. EVENTS CO-CHAIR / PROGRAMS LESLIE K. WATKINS THE ART PARTNERSHIP SPONSORSHIP CHAIR LYNN A. MCDOWELL BENEFICIAL BANK SPONSORSHIP CO-CHAIR PEGGY GALLAGHER, CCIM PG COMMERCIAL REAL ESTATE, INC. COMMUNICATIONS CHAIR REBECCA E. UDELL KSS ARCHITECTS LLP COMMUNICATIONS CO-CHAIR / WEBSITE KRISTINA C.S. HARSHANY, CES CITIBANK, N.A. COMMUNICATIONS CO-CHAIR / PR TERRY WHITAKER CROSSBOW STUDIO

ach year, the Philadelphia Business Journal reviews the qualifications of professional women of strong character, who exemplify leadership qualities and who are successful in the profit or non-profit business sector. The top 25 are awarded the honor of “Women of Distinction” (WOD) CREW Philadelphia has four such “Distinctive Women” who have earned this accolade. They include past CREW Philadelphia President, Jacqueline Buhn, Current Board Member, Janet Grace, former Board Member, Anne Klein and long-standing CREW member, Linda Galante. Each has a story to tell about the leadership skills they learned from their participation in CREW. Jacqueline Buhn, was acting President of CREW Philadelphia, when she received the WOD Award in 2000. Buhn notes “I gained tremendous Board experience from CREW, both by serving as President of the Philadelphia Chapter and by sitting on the Network Board for two years. On the Network Board, I also had the opportunity to participate in writing a full-fledged organization strategic plan with a very sophisticated consultant, and really learned that process. CREW has been a major ‘accelerator’ in my career.” Jacqueline Buhn is the founder and

Jacqueline Buhn

Janet Grace

Anne Klein Linda Galante President of Athenian Properties, LLC, which was named one of the “Fastest Growing Businesses in 2009” and “One of the top 50 Women Owned Businesses in 2010”. Janet Grace, the 2006 recipient of the WOD Award has been a member of CREW Philadelphia since 2005. In late 2010, Grace wanted to start a local branch of an International non-profit organization. Serving on the Board of CREW Philadelphia provided Grace with the hands-on experience of running a successful non-profit organization and fully prepared her to start her own. “The collaborative effort of working on the CREW Board and the administrative efficiency of the CREW Board policies and procedures taught me how to streamline what could be a very cumbersome

process. This ultimately led to a successful result in a greatly reduced time period.” Janet Grace is a Project Manager at Athenian Properties and co-founded DOCOMOMO-US PHL a non-profit advocacy organization that seeks to preserve Modern buildings, sites, neighborhoods and landscapes. Anne Klein, the 2008 WOD Award recipient, credits CREW with improving her business and enhancing the quality of her life. Klein recalls “I have been a member of CREW Philadelphia for seven years, four of which I spent on the board. My experience on the Board as Co-Chair and then Chair of both the Professional Development and Membership Committees was a wonderful experience during my 25 years in commercial real estate. Not only did it sharpen my leadership skills through efficient organization and creative planning, but the camaraderie and teamwork surpassed my initial expectations. CREW has provided me with great leadership experiences as well as lifetime friendships.” Anne Klein is a Senior Vice President with Grubb and Ellis. She is also a recipient of the Goldman Sachs Archon Achievement Award for excellence in leasing. Linda Galante, the 2010 recipient of the WOD Award is a stellar example of the leader-

2011 CORPORATE SPONSORS SKYSCRAPER LEVEL Morgan Lewis & Bockius LLP HIGH RISE LEVEL Ballard Spahr LLP GROUNDBREAKER LEVEL Abington Bank Advantage Building & Facility Services, LLC AlliedBarton Security Services Asher & Company, Ltd. Bedford Cost Segregation, LLC EisnerAmper LLP BUILDING BLOCK LEVEL McConnell Johnson Real Estate Company UCI Architects, Inc.

ship networking that CREW espouses. That is, listening actively and then taking the lead to introduce that person to your contacts. When Galante learned of Janet Grace’s interest in Historic Preservation, she made sure that Grace received an invitation to attend a private Historic Preservation Tax Credit Seminar in cooperation with Preservation Alliance for Greater Philadelphia, where Galante serves as a Board Member. There, Grace had the opportunity to discuss common objectives with John Gallery, the Executive Director of the Preservation Alliance. Shortly after the Seminar, John Gallery extended an invitation for Grace to serve in an advisory capacity to the Preservation Alliance. Linda notes: “I have been a member of CREW for so many years, I can’t recall. The business connections and friendships I have made through my involvement have been invaluable to my career as a real estate finance attorney”. Linda Galante, Esq. is a Partner at Stradley Ronon, Stevens and Young, focusing her practice on commercial banking and real estate. She was honored by the Drueding Center/Project Rainbow with the naming of “Galante Career Development Center” in recognition of her dedication to the cause of homelessness of women and children. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — January 14 - 27, 2011 — 15C

MISSION

To advance the success of women in commercial real estate

Stradley Ronon is proud of its partner

Linda Ann Galante CREW Philadelphia has approximately

and her work with CREW Philadelphia

150 members engaged in all facets of

commercial

real

estate.

CREW

Philadelphia is a founding Chapter of CREW Network, our national umbrella

For over 80 years, Stradley Ronon has helped private and public companies – from small businesses to Fortune 500 corporations – achieve their goals. With six offices throughout the Delaware Valley, we’re proud to have helped companies manage their legal challenges, so they can focus on running their businesses.

organization which comprises more than 8000 real estate professionals in 68 markets who are willing to connect and who care that you succeed. www.crewphiladelphia.org

WWW.STRADLEY.COM

16C — April 8 - 21, 2011 — Eastern Pennsylvania — Mid

Atlantic Real Estate Journal

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EASTERN PENNSYLVANIA COMMERCIAL REAL ESTATE

ECONOMIC DEVELOPMENT

COMMERCIAL REAL ESTATE

Northeast Pennsylvania Where Great Roads and Great Minds Meet Steve Farrell, Broker/Owner 570.587.7000 sfarrell@classicproperties.com

200 150 100 50

We have what you are looking for and we will help you find it! • 5 Major Interstate Highways and 16 Colleges and Universities

42 Residential Units: Clarks Summit, PA $4,650,000

Turn-Key Restaurant: Dickson City, PA $2,199,000 Also for lease

* 8 buildings, 100% occupied * Built in 1997. On 4.7 acres, Overlooks lake * 8% Cap Rate

* 9,000 Sq Ft with bar on 2 acres * 25,000 AADT * Adjacent to 100+ stores

Approved Subdivision: Bear Creek, PA $2,000,000

Affordable Building: Clarks Summit, PA $285,000

*449 acres approved for subdivision *Private, 68 acre lake with an island

* 5,600 Sq Ft on 3 acres * Zoning R-1B, former restaurant & apt.

• A strategic east coast location, 2 hours from New York and Philadelphia • 96 million people live within a 500-mile radius

1-800-317-1313

pennsnortheast.com

www.classicproperties.com

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Mid Atlantic Real Estate Journal — Pennsylvania — April 8 - 21, 2011 — 17C

PENNSYLVANIA Chuck Taylor Real Estate represents buyer in 2,000 s/f lease

Landmark Comm’l. Realty completes 7,000 s/f lease

• Land Development Design • Permi ng • Project Management

ECHANICSBURG, PA — Ag Choice Farm Credit has leased 7,000 s/f of office space located at 100 Sterling Pkwy., Silver Spring Twp. Thomas Posavec, SIOR and Roy Brenner of Landmark Commercial Realty, Inc./ ONCOR International negotiated the long term lease on behalf of the ownership, 114 Associates. Keystone Auto Krafters, LLC has leased 4,200 s/f of garage and office space at 102 Market St., New Cumberland. Andrew Kohr of Landmark Commercial Realty handled the negotiations between the landlord and the tenant. Signs Banners and More has purchased a 3,400 s/f commercial building located at 4411 N. Front St., Harrisburg. Igor Druker of Landmark Commercial Realty handled the negotiations between the seller and the buyer. Lil Blessings Daycare has recently leased 2,100 s/f of commercial space located at 2656 Walnut St., Harrisburg. This is their second location. Marques Pinkas and Chuck Heller, associate broker both of Landmark Commercial Realty represented both the tenant

PHILADELPHIA METRO OFFICE: 8614 Montgomery Avenue Wyndmoor, PA 19038 215-836-2510 LANCASTER OFFICE: 1853 William Penn Way, P.O. Box 10368 Lancaster, PA 17605-0368 717-672-0614 CENTRAL NEW JERSEY OFFICE: 100 Overlook Center, Suite 200 Princeton, NJ 08540 609-920-0268

100 Sterling Parkway and landlord in the leasing 2nd St., Harrisburg. transaction. Grace and Brenner negotiRiverfront Development has ated the transaction between purchased a 2,000 s/f commer- the tenant and landlord, Select cial building located at 258 Ver- Capital Commercial Properbeke St., Harrisburg. Posavec ties. and Roy Brenner of Landmark Paceline Properties has purCommercial Realty repre- chased a mixed use commercial sented the sellers and Chuck investment property located Taylor of Chuck Taylor Real at 211 State St., Harrisburg. Estate represented the buyer Posavec, and Brenner negotiin the sales transaction. ated the sale on behalf of the CoreSource has leased 1,217 building owners and Jim St. s/f of office space at 200 N. 3rd Hilgire of Prudential HomeSt., Harrisburg in the Fulton sale Services represented the Bank Building. Jason Grace, buyers. CCIM, SIOR, VP at Landmark Epic Management has leased Commercial negotiated the office space at 5137 Devonshire transaction between the tenant Rd., Harrisburg, Lower Paxton and landlord, Select Capital Twp. Commercial Properties. Posavec and Brenner negotiGSP Consulting has leased ated the lease on behalf of the the penthouse floor of Com- ownership, Detweiler Entermerce Tower located at 300 N. prise. ■

LANDCOREconsul ng.com

The Goldenberg Grp. declares ParkWest Town Ctr. 100% leased BLUE BELL, PA — The Goldenberg Group and West Philadelphia Financial Services Institution announced that ParkWest Town Center, a 342,125 s/f retail center. “To fully lease this retail center in the face of current economic conditions is a testament to the quality of our developments, and the dedication of our team,” said Adam Rosenzweig, senior VP of leasing for The Goldenberg Group. “Retail-

ers are increasingly selective about where they are opening new stores, and only want the best locations and strongest landlords.” In June 2008, ParkWest Town Center opened as the largest retail project completed in any Federal Empowerment Zone in PA, at more than 342,000 s/f. Filling a decade-long retail void in an historically underserved area of West Philadelphia at the intersection of 52nd and

Jefferson Sts., today ParkWest is home to a 64,000 s/f ShopRite; a 167,000 s/f Lowe’s Home Improvement Store, the first ever in an urban location. In the course of eight years of development, The Goldenberg Group and West Philadelphia Financial Services Institution worked through seemingly insurmountable site planning and public opinion obstacles that had thwarted other developers. ■

Committed to Pittsburgh. Connected to the World.

Our Core Service Areas: • Site TrafÀc Development • TrafÀc Engineering York Town Center

INDUSTRIAL • OFFICE • INVESTMENT • RETAIL • CORPORATE SERVICES

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Buckhorn Plaza

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204 N. George Street, Suite 110 · York, PA 17401-1108 T:(717) 846-4660 · F:(717) 846-4858 Consulting Engineers & Planners

18C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

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Commercial Real Estate Women Lehigh Valley Chapter www.crewlehighvalley.org

2011 LEHIGH VALLEY BOARD OF DIRECTORS PRESIDENT TRACY YADUSH, RPA NAI SUMMIT PAST PRESIDENT FRANCEE FULLER BARRY ISETT & ASSOCIATES PRESIDENT ELECT ANN MARIE OSIKA LAFAYETTE AMBASSADOR BANK SECRETARY CATHERINE (KATE) DURSO FITZPATRICK LENTZ & BUBBA, P.C. TREASURER KAREN DERR KNBT, A DIVISION OF NATIONAL PENN BANK CORRESPONDING SECRETARY PAM MORRIS LIBERTY PROPERTY TRUST DIRECTORS-AT-LARGE TINA KISELA, SCSM, SCMD THE PROMENADE SHOPS AT SAUCON VALLEY LYNN CONTI LIBERTY PROPERTY TRUST

2011 COMMITTEE CHAIRS SPONSORSHIP COMMITTEE KATE HART KNBT, A DIVISION OF NATIONAL PENN BANK PROGRAMS COMMITTEE JANE SCHIFF THE FREDERICK GROUP

CREW Lehigh Valley: Easton Update features Sigal Museum Tour

ASTON, PA — Members and guests of CREW LV PA learned about economic development projects in process and toured a recently completed one, the new Sigal Museum, the home of the Northampton County Historical and Genealogical Society. Barbara Kowitz, director of the Sigal Museum, noted that the museum, which opened in August, expects to generate 11,000 visitors annually; the average Pennsylvania “day tripper” tourist enriches the local economy by $83.60. In 1872 the museum’s Northampton Street site had been developed as the Abel Opera House, becoming the Embassy Theater in 1927. By 1957, the location had been transformed into Sigal’s Bridal Shop, which operated until 2000. Easton Mayor Sal Panto, a former high school history teacher, is enthusiastic about the future of his city. The city’s focus on the arts, history and tourism helped increase business by 24% in 2010 according to the mayor. “Clean and safe” initiatives, including more police officers on the street and ambassadors coupled with new development are making a positive impact. For the third

year in a row, the crime rate is down. The conversion of the former Pomeroy’s building into

Barbara Kowitz, Executive Director of the Sigal Museum (left) with Tracy Yadush, President of CREW LV PA and Sal Panto, Mayor of Easton. The Sigal museum operates with the help of 110 volunteers, including Helaine Sigal (right), former proprietor of the bridal shop, who now runs the museum store. She shares a moment with Tina Kisela, CREW LV PA board member and general manager of the Promenade Shops at Saucon Valley.

upscale apartments is underway and Lafayette College’s Third Street Media Campus has given a whole new dimension to a section of the city. More positive news includes the selection of a developer for the Silk Mill project, which is the conversion of 334,000 s/f of 19th century industrial space envisioned to become an exciting mixed use arts/residential/ retail complex, and the pending development of a new high school sports museum. While running for re-election, Mayor Panto said he has

PUBLICITY COMMITTEE FRANCEE FULLER BARRY ISETT & ASSOCIATES

no desire for higher office. In closing remarks he said “The

only desire I have is for the success of this city.“ ■

CREW Lehigh Valley thanks its 2011 corporate sponsors: Annual Partner/Main Sponsor

Contributor

Fitzpatrick Lentz & Bubba

Langan Engineering

Liberty Property Trust

Lafayette Ambassador Bank

Tallman Hudders & Sorrentino

NAI Summit MKSD Architects

MEMBERSHIP COMMITTEE MICHELE GLOWER, PH.D THE ADVISORY GROUP COMMUNITY SERVICE COMMITTEE JODY KING, CCIM NAI SUMMIT

About two dozen members and guests stayed after the lunch program to tour the museum’s galleries. With more than 60,000 items in the collection, the museum rotates and refreshes exhibits frequently.

2011 Spring Membership Breakfast Wednesday April 27 8 a.m. - 9:30 a.m. K & H Custom Window Treatments 1110 Trexlertown Rd., Trexlertown, PA

Friend Barry Isett & Associates Berks Economic Partnership HMK Insurance KNBT - A Division of National Penn Bank JG Petrucci, Inc. North Star/Polaris The Dietrick Group, LLC

A Car Dealership Goes Green Wednesday, May 4 11:30 - 1:00 P.M. Lehigh Street (across from Queen City Airport) Allentown, PA

Get the behind-the-scenes story of the transformation of the former Exide Battery Plant into the first “green” car dealership in the Mid-Atlantic Region. Developed by JG Petrucci for Bennett Toyota Scion this is a true CREW LV PA success story.

Register on line at www.crewlehighvalley.org For membership information, please contact Dr. Michele Glower, The Advisory Group, mglower@yahoo.com

MAREjournal.com

Mid Atlantic Real Estate Journal — Pennsylvania — April 8 - 21, 2011 — 19C

Commercial Real Estate Women Lehigh Valley Chapter Service Directory

ENGINEERS & SURVEYORS

COMMERCIAL REAL ESTATE

BARRY ISETT & ASSOCIATES, INC. Consulting Engineers & Surveyors www.barryisett.com

Helping Clients Reach Real Estate Development Goals Since 1977

3320 HAMILTON BLVD., ALLENTOWN, PA

Environmental Assessments Condition Assessments Surveys • Site Design • Permitting Traffic Studies • Highway Design Landscape Design • Structural Design Mechanical, Electrical, Plumbing Design

Full-Service Engineers PA • NJ • MD Contact Francee Fuller Marketing Manager ffuller@barryisett.com

610-398-0904

A t t e n t i o n C R E W Lehigh Valley Members!!! If you would like to advertise in

2551 BAGLYOS CIRCLE, BETHLEHEM, PA

3,100+ SF unit has large display window for potential showroom use and of¿ce ¿nish for professional uses. Additional features include: Prominent signage for optimum visibility, Àexible Àoor plan, on-site parking, I-78 exit within 1/3 mile, upscale demographic pro¿le, high traf¿c count.

3,000 SF Class “A” of¿ce available, energy ef¿cient HVAC, ADA compliant, all municipal services and natural gas, plug and play ready for immediate occupancy. Conveniently located in LVIP VI, ¼ mile from Rte 22 & Rte 33.

Asking: $12.00 per SF Net (3)

Lease and Sale Terms Offered

951 MARCON BLVD., ALLENTOWN, PA

4144 W TILGHMAN ST. VILLAGE SQUARE CENTER ALLENTOWN, PA

9,400 SF former day care space can be subdivided. Features include: Lehigh Valley Industrial Park setting, within ¼ mile of the ABE regional airport and Rte 22 Exit, zoned heating controls, generous parking ratio, well maintain property, and Àexible Àoor plan. Aggressive Lease Terms Offered

403 W. UNION BLVD., BETHLEHEM, PA

Located within a stone’s throw of Rte 378 Center City Exit, former lighting ¿xture showroom. This 12,000 SF bldg. features on-site parking, great signage visibility, durable concrete block construction, ¿nished showroom area, and loading door in warehouse area.

Lease: $8.00 PSF Net(3). Sale Terms Offered.

1,750 SF unit in this upscale comm’l. center. Features include: Prominent tenant signage with optimum visibility, ample on site parking, daily traf¿c count in excess of 25,000 cars, large display window, several permitted uses.

70 HILTON ST., EASTON, PA

5,300 to 10,600 SFavailable in this new construction, masonry block, metal panel building ready for delivery in Spring 2011. Full public utilities, 3 phase 1200 amp electric service, truck court, up to 7 truck docks, 20’ clear height ceilings, individual tenant entrance.

Lease rate of $6.00 PSFNet (3)

the Mid Atlantic Real Estate Journal, please contact:

Elaine Fanning, Publisher 800-584-1062 x 212 or email Elaine at efanning@marejournal.com

1601 UNION BLVD., ALLENTOWN, PA 1612 W. ALLEN ST., ALLENTOWN, PA

3-story brick and concrete panel off. bdg. of 88,747 SF & a 10,400 SF single story freestanding bldg. available. 3-story bldg. offers 3 phase electric 120/208 volt, gas forced air heat, loading platform and 2 drive-in doors. Single story bldg. is currently leased by day care center Within 1.5 miles of Rte 22 via Airport Rd.

Lease and Sale Terms Offered

2,728 SF end cap retail unit with drive-in canopy feature, large display windows, upgraded interior, tenant marquee signage and back-lit sign af¿xed to building, ample parking, convenient highway access. Available Fall 2011.

Lease Rate: $14.00 PSF Net (3)

20C — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

MAREjournal.com

PEOPLE ON THE MOVE Senior director focuses PA’s I-81/I-78 Corridor

McBride joins Cushman & Wakefield Industrial Team

HILADELPHIA, PA, — Cushman & Wakefield has hired Patrick McBride as senior director to enhance the firm’s growing industrial platform in Pennsylvania. He joins a team that Patrick McBride is headed by senior director Gerard J. Blinebury and includes Associate Leah Balerno. “Pat is highly respected in the industry and brings many client relationships with him,” said Blinebury. “Between the two of us, we have nearly 50 million square feet of transactional experience. Our team is currently handling over eight million s/f of listings and several million square feet of tenant representation projects.

“Cushman & Wakefield’s Pennsylvania operations continue to build momentum and pick up market share,” Blinebury said. “Pat’s addition to our team will give us the ability to continue to grow our business. We are thrilled to have him on board.” A graduate of the U.S. Naval Academy, McBride’s 20 years of industrial real estate experience includes eight years of institutional portfolio management experience with First Industrial, Keystone Property Trust, and ProLogis. Active in the Council of Supply Chain Management Professionals and the local Board of Realtors, he comes to Cushman & Wakefield from Grubb & Ellis, where he was part of an industrial brokerage team covering the same territory. “I am very excited to be joining Gerry Blinebury’s team,” said McBride. “On the local

level, this group has a first-rate reputation for its expertise, professionalism, integrity, and work ethic. On a larger scale, I have a tremendous amount of respect for the industrial team’s national leadership headed by Jim Dieter. This is a great opportunity.” McBride will be responsible for agency leasing, building sales, land sales, tenant/buyer representation, and the marketing of investment grade industrial parks along Pennsylvania’s I-81/I-78 corridors, including the Lehigh Valley and the general northeastern and central PA markets. “The I-81 corridor in particular has been resilient through the recent economic downturn,” said Blinebury. “This is a logical place for growth, both for Cushman & Wakefield and our clients, and Pat is a great addition to our team to help accomplish that.” ■

MBA Young Constructors Committee receive national recognition for excellence PITTSBURGH, PA – The Master Builders’ Association Young Constructors were honored last week during the Associated General Contractors 92nd Annual Convention in Las Vegas, NV, for performing some of the construction industry’s best charitable work in 2010. The recognition, received during the nation’s largest construction industry event, was for the results of the YC 2010 Holiday Party. The MBA YC was one of only five organizations nationwide to win the AGC in the Community Award from the charitable arm of the Associated General Contractors of America, AGC Charities, Inc.

“Groups like the Young Constructors epitomize the essence of charitable giving and represent the best of what our industry has to offer,” said Tom Brown, president of San Diego, California-based Sierra Pacific West, Inc. and the president of AGC Charities. “They remind everyone that construction firms are just as good at building hope and help as they are building factories and highways.” The MBA YC wanted to unite the entire construction community in Western Pennsylvania for a holiday reception, but they did not want to just throw a party – they wanted to benefit a charity in

the process. In 2010, the group hosted its 4th annual MBA YC Holiday Party to benefit the Toys for Tots Foundation. To date, they have raised more than $24,000 and donated 800 toys. The party unites over 200 professionals from all sectors and levels of the industry, from jobsite laborers to CEOs of large corporations. AGC in the Community Award winners are selected by a panel of judges representing all areas of construction. Award entries were evaluated based on the level of commitment, the scope of the philanthropic efforts and the quality of the benefits to the community. ■

Manko, Gold, Katcher & Fox, LLP named to Top Workplaces PHILADELPHIA, PA — Manko, Gold, Katcher & Fox, LLP (MGKF) was named to Top Workplaces 2011 by the Philadelphia Inquirer, Daily News and Philly.com and was the top-rated law firm in the survey. Top Workplaces 2011 is an extensive effort by the Inquirer, Philadelphia Daily News and Philly.com to uncover the best employers in the Philadelphia region— from the point of view of the employees themselves. Managing Partner Robb Fox shared the firm’s appreciation of this recognition.

He said, “When we founded our firm, our goal was to make quality of life a priority. To be recognized by our employees in this way is a great honor.” Since its inception in 1989, MGKF has cultivated a family-friendly culture and positive work life balance. He continued to explain their philosophy, “Our goal has always been to foster an environment focused on challenging and interesting work, client satisfaction, community service, and maintaining a dedicated and loyal employee base.” In addition

to receiving recognition as a Top Workplace 2011, MGKF was also recognized previously by the Delaware Valley Association for the Education of Young Children (DVAEYC) as a “Best Employer for Working Parents”, particularly for its customized employment opportunities which allow employees to balance professional and family demands. Top Workplaces’ extensive research has shown that employees want to be part of something meaningful, where they can contribute and give their best. ■

As executive vice president

CB Richard Ellis adds David Koch PITTSBURGH, PA — CB Richard Ellis (CBRE), the region’s largest commercial real estate service provider, is pleased to announce the addition of David Koch, SIOR as Executive Vice President. David Koch A native of Pittsburgh, Koch most recently worked as Senior Vice President at Fischer & Company where he was involved in numerous, noteworthy lease negotiations, relocations, renewals and buildto-suit projects on behalf of corporate clients.

“With more than 20 years of experience, David’s depth of knowledge in the industry and fluency with the issues that matter most to the corporate occupier in today’s market make him an outstanding addition to CBRE. We are excited to have him on board,” said Gerry Dudley, Executive Vice President. The hiring of Koch will further strengthen CBRE’s platform as he has received numerous accolades from SIOR, including Office Lease of the Year, and consistently ranked within the Pittsburgh Business Times’ annual list of the 25 Largest Pittsburgh-Area Office Leases. ■

Grubb & Ellis Co. promotes Devine and Tertel to VP PHILADELPHIA, PA — Grubb & Ellis Company announced the promotions of Matt Devine and Jeffrey Tertel to vice president, Office Group. The promotions recognize their levels of production and contributions to the company. “Matt and Jeff have excelled despite very challenging economic times, and I credit their focus on client service and their ability to build strong relationships for their successes,” said Bob Clements, executive vice president and market leader for Grubb & Ellis’ Philadelphia tri-state area. “I couldn’t be more pleased to recognize them for their achievements.” Devine, who began his commercial real estate career with Grubb & Ellis in 2004, provides landlord and tenant representation in the Bucks County and eastern Montgomery County office submarkets. During his tenure, he has been directly involved in more than 200 transactions totaling in excess of $175 million. Devine earned his bachelor ’s degree from Villanova University and is a member of the Pennsylvania Institute of Certified Public Accountants and the Pennsylvania Society of Accountants. He is a licensed real estate salesperson in the commonwealth of Pennsylvania. Tertel joined Grubb & Ellis in 2000 and currently provides tenant representation services to companies with office requirements throughout the Philadelphia Tri-State area. His clients include Philadelphia Management, Parkway Corp., Urban Engineers and The Judge Grp. Tertel is a

member of the Multiple Sclerosis Society Business Advisory Council, a Young Friend of the Independence Seaport Museum and has active involvement with the Associated Services for the Blind. He is a LEED Accredited Professional and a licensed real estate salesperson in the commonwealth of Pennsylvania and the state of NJ. PITTSBURGH, PA — Grubb & Ellis announced that Pamela Lowery has been promoted to vice president, Research & Marketing, effective immediately. Lowery will continue to oversee the office’s business development, research and marketing functions. She was previously an assistant vice president. “Pam understands nearly every aspect of the real estate business, making her a critical part of our management team,” said Duke Kingsley, executive vice president, managing director of Grubb & Ellis’ Pittsburgh office. “Her contributions to this office have been tremendous, and I’m proud to recognize her efforts.” Lowery has spent nearly all of her 28-year commercial real estate career at Grubb & Ellis and its predecessor, Oliver Realty. Prior to overseeing the research and marketing function, Lowery spent 14 years as a senior business operations manager with day-to-day responsibility of the Pittsburgh office’s operations, as well as overseeing the operations of selected offices in the Midwest and Northeast. Previously, she held brokerage and other operations roles with the company. ■

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Mid Atlantic Real Estate Journal — Pennsylvania — January 14 - 27, 2011 — Inside Back Cover C

PROFILES ON INDUSTRY PROFESSIONALS PAT MCBRIDE SENIOR DIRECTOR

JACK R. NORRIS MANAGING DIRECTOR

TITLE: Senior Director COMPANY: Cushman & Wakefield LOCATION: Harrisburg, PA BIRTH PLACE AND DATE: Honolulu, HI – March 31, 1959 FAMILY: Married – Leigh Anne (1981) – two children, Chris (age 26) Caity (age 25)

FIRST JOB OUT OF COLLEGE: Director of Planning & Zoning, Monroeville, PA

Cushman & Wakefield

COLLEGE: United States Naval Academy (1981) FIRST JOB OUT OF COLLEGE: Engineering Division Officer on

FIRST JOB IN REAL ESTATE OR ALLIED FIELD: Oxford Development Company, Pittsburgh, PA

aircraft carrier USS Independence (CV-62) FIRST JOB IN REAL ESTATE OR ALLIED FIELD: Real Estate Brokerage – Harrisburg, PA(Commercial-Industrial Realty) WHAT DO YOU DO NOW AND WHAT ARE YOU PLANNING

WHAT DO YOU DO NOW AND WHAT ARE YOU PLANNING FOR THE FUTURE: Commercial real estate, love doing it, expect to keep going

FOR THE FUTURE: Industrial real estate brokerage.

CB Richard Ellis, Inc.

NAME: Jack R. Norris TITLE: Managing Director COMPANY: CB Richard Ellis, Inc. LOCATION: Pittsburgh, PA 15219 BIRTH PLACE AND DATE: Erie, PA February 28th FAMILY: Wife Louise, seven children and 12 grandchildren COLLEGE: University of Louisville BA, and Graduate School of Public and International Affairs, University of Pittsburgh

NAME: Pat McBride

HOBBIES: Boating

HOBBIES: Reading, writing, golf. FAVORITE BOOK: Any Clive Cussler novel

FAVORITE BOOK: Grace and Grit – Ken Wilbur FAVORITE MOVIE: Any movie in which Kristin Scott Thomas plays a role. PERSON YOU MOST ADMIRE (OUTSIDE OF FAMILY) A soldier

FAVORITE MOVIE: The Quiet Man PERSON YOU MOST ADMIRE (OUTSIDE OF FAMILY) Ronald Reagan

or sailor that re-enlists. KEY TO YOUR SUCCESS (ONE IDEA) Perseverance

KEY TO YOUR SUCCESS (ONE IDEA) Life is a team sport. IF YOU WERE FORCED TO CHOOSE ANOTHER VOCATION WHAT WOULD IT BE? Writer.

A Look Ahead . . .

IF YOU WERE FORCED TO CHOOSE ANOTHER VOCATION WHAT WOULD IT BE? Marina operator

The May 13th issue will feature our Pennsylvania's Projects/Building Services. Are you interested in writing a bi-lined article on your area of expertise ?

Green Awareness We invite you to send in editorial pertaining to: Green Products • Projects • Law • Green Industrial and Commercial property • Green Building Services • Existing building sustainability challenges

Deadline is April 29th

Mid Atlantic Real Estate Journal Elaine Fanning, Section Publisher 800/781-871-584-1062 fax 781-871-5299 PO Box 26 • Accord, MA 02018 167 Washington St. • Norwell, MA 02061 email: efanning@marejournal.com

C Back Cover — April 8 - 21, 2011 — Pennsylvania — Mid

Atlantic Real Estate Journal

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Mericle Commercial Real Estate Services has the best solutions for companies needing quality, affordable, industrial space along Pennsylvania’s I-81 Corridor. Our buildings are located immediately adjacent to major highways, have high ceilings, are energy efficient and offer lots of room on-site for trailer storage. Some are even located in special tax-free zones. Review all of our available properties at www.mericle.com.

R A I L AVA I L A B L E

410,000 SF — 1104 NORTH PARK DRIVE Humboldt Industrial Park, Hazle Twp., PA Can be expanded to 615,000 SF and subdivided to 82,000 SF. State and local taxes abated through 2017. Features 46 loading doors, 1 drivein door, 31’10” to 36’6” ceiling clear height, an ESFR fire protection system and 7” reinforced concrete floor.

408,200 SF — 61 GREEN MOUNTAIN ROAD Humboldt Industrial Park, East Union Twp., PA Can be expanded to 648,200 SF and subdivided to 204,000 SF. Existing office fit-out is approx. 4,200 SF. Features 32 cross-docked loading doors, 30’9” to 36’6” ceiling clear height and 6” reinforced concrete floor. State and local taxes abated through 2017.

365,114 SF — 1200 E. LACKAWANNA AVE. Mid-Valley Industrial Park, Olyphant, PA Can be expanded to 505,686 SF. Existing office fit-out is approx. 5,000 SF. Features 20 crossdocked loading doors, 1 drive-in door, 40’2” ceiling clear height, an ESFR fire protection system and on-site parking for more than 100 vehicles.

198,400 SF — 400-450 CENTERPOINT BLVD. CenterPoint Commerce & Trade Park East Jenkins Township, PA Can be subdivided as small as 99,200 SF. Features 26 loading doors, 1 drive-in door, 6” reinforced concrete floor, energy efficient T-Bay lighting fixtures and a 10-year, 100% real estate tax abatement on improvements.

176,772 SF — 180 WELLES STREET Cross Valley West Professional Building Forty Fort, PA Located immediately off Exit 4 of S.R. 309. Can be subdivided as small as 20,000 SF. Features 16’ to 26’ ceiling clear height, 30 loading doors and abundant, on-site trailer storage. Very attractive lease prices.

108,000 SF — 320 STEWART ROAD Hanover Industrial Estates Hanover Township, PA Can be expanded to 162,000 SF. Existing office fit-out is approx. 8,000 SF. Features 20 loading doors, 30’ to 32’11” ceiling clear height, an ESFR fire protection system and energy-efficient gasfired unit heaters.

For more information contact our

DEVELOPMENT DIVISION: Bob Besecker ) Jim Hilsher Bill Jones ) Dan Walsh

82,691 SF — 63 GREEN MOUNTAIN ROAD Humboldt Industrial Park East Union Township, PA Features two, 463 SF office fit-outs in warehouse, 30’8” to 36’5” ceiling clear height, 9 loading doors, ESFR fire protection system, and ample on-site parking and trailer storage available.

58,713 SF — 240-258 ARMSTRONG ROAD CenterPoint Commerce & Trade Park East Jenkins Township, PA Features 29’10” to 34’2” ceiling clear height, 8 loading doors, ESFR fire protection system, and a 10-year, 100% real estate tax abatement on improvements. Space can be subdivided.

Developing Pennsylvania’s I-81 Corridor since 1985. www.mericle.com ) 570.823.1100

GREEN AWARENESS

NJPA M A ID

TLANTIC

REAL ESTATE JOURNAL

Section D of the Mid Atlantic Real Estate Journal

Teamed with Kinsley Construction

Pfister Energy of Baltimore completes installation of solar integrated roofing system

ALTIMORE, MD — Pfister Energy of Baltimore, LLC has completed the installation of a solar integrated roofing system on a 200year-old building adjacent to the Baltimore Ravens Stadium – the new headquarter offices of M.C. Dean, Inc. Pfister Energy teamed up with Kinsley Construction to install the 66.512 kW(DC) solar integrated roofing system. The project included replacing the

existing roof with a premium Firestone two-ply modified bitumen roofing system to create a watertight barrier for the life of the solar system (25+ years); installing 62.832 kW(DC) UniSolar PV and 3.680 kW(DC) of Trina Solar PV that fully adhered to the roof membrane; and coating the remainder of the roof with white elastomeric to reduce heat transfer into the building. Kinsley Construction brought Pfister Energy into

APRIL 8 - 21, 2011

HI-LIGHTS Certified Pure Energy tapped to develop 550 kW rooftop Certified Pure Energy, LLC has been retained to design and build a 550 kilowatt (kW) rooftop solar photovoltaic (PV) array at 611 Industrial Way. See Page 5D.

Four Mack-Cali properties earn Energy Star Rating 1235 Westlakes Dr. at Westlakes Office Park has been certified with the U.S. Environmental Protection Agency and the U.S. Department of Energy’s prestigious ENERGY STAR. See page 6D.

ALSO INSIDE: PEOPLE ON THE MOVE ...........................................................8D DVGBC NJ ...................................................................... 12D USGBC NJ....................................................................... 14D Section D, 16 pages

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M.C. Dean, Inc. headquarters the design and development ters was built in a 200-year-old process as early as possible, al- brick building that had been lowing Pfister Energy to share sitting derelict in downtown their expertise with the archi- Baltimore for many, many tect, builder and owner during years,” said Pfister Energy the crucial pre-construction president Wayne Pfisterer. “Our phase of the project. background in roofing gave us a “M.C. Dean’s new headquar- great advantage, as the entire

roof system needed replacing, since much of the ceilings and floors inside the building had suffered from severe fire damage. We installed a brand new solar array on the roof, in addition to reflective roofing materials that would help to keep the building cool. We also worked directly with the designers to ensure the best possible natural lighting systems were implemented.” In addition to the solar installation, Pfister Energy installed standing seam metal roofing, paver roof deck areas with railings and insulated metal wall panels. The new roof is expected to produce 76,954 kWh per year and more than 1.7 million kWh over a 25-year period, which will significantly reduce electric costs. ■

Investing in water conservation devices and practices

High Hotels Ltd. achieves Green Plus sustainability certification LANCASTER, PA — High Hotels Ltd., an affiliate of High Real Estate Group LLC has achieved the Institute for Sustainable Development’s highest level of recognition, Green Plus certification. T h e G r e e n Frank McCabe Plus program recognizes dedication to triple-bottom-line sustainability – People, Planet, Performance – by measuring business, environmental, and co-worker and community practices. Seven organizations in a three-state area were awarded the designation along with High Hotels, and a total of 43 organizations are Green Plus certified. “This newest Green Plus Certified class provides inspirational examples to other smaller enterprises,” said Chris Carmody, executive director of the Institute for Sus-

tainable Development. “Sustainability is about changing attitudes and making smart business decisions that in turn strengthen the local economy, environment, and community,” Carmody said. “High Hotels has continued its robust progress along its sustainability journey by formalizing and championing its approach,” said Frank McCabe, president of High Hotels. “Going through the process of achieving the Green Plus Certification was extremely valuable and helped us expand and strengthen our triple-bottom-line approach to sustainability. “Since the High companies’ inception 80 years ago, our organization has embraced a number of guiding business principles related to sustainability, including fostering a positive work environment for employees and partners, conducting our businesses as responsible stewards of the environment, and investing

profits responsibly to secure our future in ways that are also good for our community,” said McCabe. High Hotels has implemented energy-use-reduction efforts and invested in water conservation devices and practices. These efforts have included lighting retrofits, low-flow water fixtures, low-power modes on electrical equipment, an opt-in linen/ towel reuse program, increased efficiency in HVAC and water heating systems, and the establishment of significant energy reduction goals. Not only is the company making physical changes to its workspace, but it also is promoting employee engagement in sustainability issues and recommended behavioral changes both at work and home. High Hotels has formed co-worker committees at each hotel that champion energy reduction, recycling, responsible renovation, and continuing education/engagement. ■

D Inside Cover — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 1D

GREEN AWARENESS

2D — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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MAREJ GREEN AWARENESS Customized Energy Reduction Plans • MEP/FP engineering including LEED • Building Commissioning including LEED • Energy engineering / audits / energy modeling • NJ Pay For Performance Partner / Carbon Abatement Program partner • PA Act 129 vendor • Federal Energy Tax Incentive partner • Infrared Testing • ASHRAE High Performance Buildings CertiÄed • Building Information Modeling (BIM) • MBE/SBE certiÄcation Contact: Jeff Gilbeaux P: 856-988-1890 Email: info@gilbeauxassociates.com PO Box 782, Voorhees, NJ 08043

About the Mid Atlantic Real Estate Journal The Mid Atlantic REAL ESTATE JOURNAL encompasses all aspects of the commercial real estate industry. The Journal partners with professionals in commercial sales, construction, industrial, development and ﬁnancial services to provide readers with valuable and current information that can strengthen and grow their business.

The Journal is a great source to guide readers toward: • Issues effecting the industry today. • A source for commercial, industrial, construction, development, ﬁnancial sales opportunities and services. • In-depth articles on issues facing commercial real estate in the Mid Atlantic area. • Reading about services and organizations to network with, to help better their business.

There is nothing like the Journal The Journal reaches thousands of decision makers who ﬁnance the buildings, build the buildings, buy the buildings and tenant the buildings. Loyal advertisers of the Journal have enjoyed for years: • Brand recognition • Target audience of decision makers • Building and maintaining image • Consistent visibility equals staying power

Reduced its energy demand by 4,636,789 KWH

Hartz Mountain announces $687,542 in green energy

ECAUCUS, NJ — Hartz Mountain Industries has accumulated over $687,542 in savings and reduced its energy demand by 4,636,789 KWH annually from green modifications and upgrades Emanuel Stern to the HVAC operating systems and lighting upgrades, announced the developer. The results stem from an analysis that compared current energy costs with base year costs in twelve buildings within the Hartz portfolio. “From the beginning of our investment into green technology, Hartz has not only cited the reduction of our carbon footprint as a catalyst for action, but also the economic savings which would result from such a program,” said Emanuel Stern, president and Chief Operating Officer of Hartz Mountain Industries. In addition to the total savings, the total degrees per day

for both cooling and heating have increased since the base years, which means the true savings in terms of dollars is even more significant than the number mentioned. Modifications and upgrades in the HVAC system include design and installation of new energy management systems, utilization of variable frequency drives, and implementing new operating and controls strategies to maximize energy efficiency without impacting occupant comfort. Lighting upgrades include the conversion of high pressure sodium lighting fixtures to energy efficient T8s and T5s in buildings and garages, converting to CFLs bulbs in incandescent fixtures, and the installation of motion sensors in areas of inconsistent traffic patterns. This announcement is yet another significant green achievement for Hartz Mountain in recent months. At the end of 2010, three new solar systems were turned on, which added 2.8MW of solar energy to Hartz’s portfolio, for a company total of 6.2MW. In a memorandum sent

to Hartz in November 2010, the EPA acknowledged Hartz for significant achievement in several fields, which include: • Hartz becoming an Energy Star Partner, resulting in an overall energy savings of 22% • The total 6.2 MW of solar arrays will produce 7,400 MWh per year of clean electricity leading to reductions in carbon dioxide, sulphur dioxide and nitrogen oxide • An overall decrease in electricity consumption by 8%, natural gas consumption by 13%, steam consumption by 12% for an overall emissions decrease of 9% • Water usage savings in certain buildings was 48%. ■

M&E Engineers provides MEP design and energy modeling on Platinum certified bldg. ASBURY, NJ — The Musconetcong Watershed Association’s River Resource Center was awarded the U.S. Green Building Council’s LEED Platinum certification, the highest level of recognition possible. It is only the third building in New Jersey to achieve this distinguished honor. Some of the more prestigious LEED certification points included energy efficiency via ground-coupled heat pumps, a solar PV System, and a

composting toilet system. The open loop geothermal system uses the steady temperature of groundwater to heat and cool the building, while the solar panels provide 15% of building’s total energy use through renewable energy. The project earned 16 out of the 17 possible LEED energy points. M&E Engineers provided all MEP design and Energy Modeling, which is expected to reduce total energy use by 35%. ■

Green Awareness a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

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Section Publisher Joe Christman jchristman@marejournal.com

Publisher Dianna Mallozzi dmallozzi@marejournal.com

Section Editor Karen Vachon kjoy@marejournal.com

We Encourage You to Submit • News releases • Calendar of events • Photos • Expert articles • Transactions • Personal Profiles To Subscribe or Advertise call Joe Christman 800-584-1062/ 781-871-5298 or email jchristman@marejournal.com 80 East 5th Street Paterson, NJ 07524 Toll Free: 888.653.9984 letsgo@pﬁsterenergy.com

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 3D

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4D â&#x20AC;&#x201D; April 8 - 21, 2011 â&#x20AC;&#x201D; Green Awareness â&#x20AC;&#x201D; Mid

Atlantic Real Estate Journal

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GREEN AWARENESS The materials of the original national center design extend into the new addition

tvsdesign leads architectural team to expand PA Convention Center

HILADELPHIA, PA â&#x20AC;&#x201D; tvsdesign, an architectural and design firm, served as the design architect for the one million s/f expansion of the Pennsylvania Convention Center. The expansion includes 261,000 of exhibit space contiguous with the existing halls for a total of 527,000 s/f in the same room on the same level. An additional 81,000 s/f of meeting rooms and 60,000 s/f of ballroom space are organized along a grand public concourse viewed through transparent

Pennsylvania Convention Center

faĂ§ades. â&#x20AC;&#x153;The expansion will continue the revitalization of the community generated by the initial design of the Convention Center,â&#x20AC;? said C. Andrew McLean, FAIA, tvsdesign principal. With the goal of integrating the large expansion into the urban context, tvsdesign worked with a host of city leaders including the historic commission to create a design that fits seamlessly into the heart of the Center City. The materials of the original national AIA Award winning Convention Center

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Design are extended into the new addition. â&#x20AC;&#x153;The design is highly functional yet we hope reflects the history and dignity that is uniquely Philadelphia,â&#x20AC;? said McLean. â&#x20AC;&#x153;It was our intent to create a unified complex of proper civic stature for the City of Philadelphiaâ&#x20AC;?. tvsdesign, which has offices in Atlanta, Chicago, Dubai and Shanghai, were a part of the design team with the local Philadelphia-based Vitetta. and Kelly Miaello. tvsdesign projects have garnered some of the industryâ&#x20AC;&#x2122;s most prestigious awards including the prestigious AIA Firm of the Year Award in 2002 and numerous sustainable accolades for LEED certified projects. â&#x2013;

Empire State Building 100% green NEW YORK CITY, NY â&#x20AC;&#x201D; New York Cityâ&#x20AC;&#x2122;s Empire State Building is now the biggest commercial purchaser of green energy in the city, following signing of a two year agreement between Green Mountain Energy and Malkin Holdings, which manages the building. Under the agreement, wind power renewable energy certificates will be purchased from NRG Energy, corporate parent of Green Mountain Energy, that will provide for 100% of the energy needs of the Empire State Building. The iconic building occupies about 2.85 million s/f and is expected to use about 55 million kilowatt hours of renewable energy a year. Malkin Holdings and Green Mountain Energy said the agreement means the Empire State Building will avoid emitting about 55 million pounds of carbon dioxide emissions every year. â&#x20AC;&#x153;The deal with Green Mountain was made because it was the best deal for the property, not because it was specifically looking to use green energy. Anthony Malkin, president of Malkin Holdings said. â&#x20AC;&#x153;We didnâ&#x20AC;&#x2122;t know we were doing green power until the bid was won by Green Mountainâ&#x20AC;?. Malkin explained â&#x20AC;&#x153;Everything that weâ&#x20AC;&#x2122;re doing at the Empire State Building is about business and, bottom line, thatâ&#x20AC;&#x2122;s the first and most important thing.â&#x20AC;? â&#x2013;

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 5D

GREEN AWARENESS Projected to reduce the130,000 s/f flex building dependency on the utility grid by over 20%

Certified Pure Energy tapped to develop a 550 kW rooftop solar array in Eatontown, NJ

ATONTOWN, NJ — Certified Pure Energy, LLC has been retained to design and build a 550 kilowatt (kW) rooftop solar photovoltaic (PV) array at 611 Industrial Way, a 130,000 s/f flex building. The proposed solar PV system is projected to reduce the building’s dependency on the utility grid by over 20%. In addition to the power generation—approximately 632,000 kilowatt hours (kWh)—the system will create 632 Solar

USGBC- NJ to host 5th Annual “Building A Greener NJ” SOMERSET, NJ — The New Jersey Chapter of the U S Green Building Council (USGBC-NJ) will celebrate its 5th annual “Building a Greener New Jersey” Awards Gala on May 19th. This is USGBC NJ’s signature event that recognizes leaders in Sustainability and Green Building whose accomplishments have established best practices throughout the state of NJ. Mayor Cory Booker is this year’s invited keynote who will address the attendees about his vision and mission for Green Urban Communities specifically in that he has led numerous initiatives in his city of Newark. Our Master of Ceremonies will be Tony Marano, president and CEO of Encellium Technologies, former CEO of Cushman & Wakefield North America. USGBC NJ’s individual honoree is Paul Parmentola, VP and construction executive for the New Jersey Office of Turner Construction Co. Both Parmentola and the Turner Construction have been pioneers in NJ in the delivery of significant green projects, as well as their overall corporate sustainability commitment. Four awards will be given at the gala; Community, Green team, Green Ground breaking, and Student Award. The Gala will be held from 6pm to 10 pm at The Palace at Somerset Park. “It’s important to recognize the accomplishments of individuals, businesses and local governments for extraordinary environmental practices and commitment to sustainability for NJ,” said Florence Block, executive director, USGBCNJ. ■

Shown from left: John Grifonetti with Jerry Shulman

Renewable Energy Certificates (SRECs) on an annual basis. SRECs are derivatives that are sold as commodities. Jerry Shulman is a managing partner of 611 Industrial Way, LLC, the owner of the building. “Over the past year, I have been researching solar energy solutions for my building. It was not until I met with the Certified Pure Energy team that I felt reassured that I found a firm that was an expert in all facets of the solar development process, and most importantly, the solar financial model,” said Shulman. “The Certified Pure Energy team provided me with

a complete solar design suitable for my building, and a finance option that is right for me,” he added. “We are very excited to be working with Jerry,” commented John Grifonetti, founder and chairman of Certified Pure Energy. “Jerry is an experienced real estate owner that understands the value of ‘green’ branding to attract and maintain tenants. The proposed solar PV system for 611 Industrial Way will be cash flow positive on day one of operations and will significantly improve the building’s income,” he added. ■

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6D — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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GREEN AWARENESS Including 1235 Westlakes Dr., Berwin, PA

On Berks Cardiologists 30,000 s/f building

Four Mack-Cali properties earn Energy Star Rating

Solar Technology Solutions installs Solar Energy System

ERWYN, PA — 1235 Westlakes Dr. at Westlakes Office Park has been certified with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy’s prestigious ENERGY STAR. By meeting strict energy performance standards, commercial buildings may earn the ENERGY STAR rating the same as new homes or household appliances. ENERGY STAR qualified commercial buildings meet stringent EPA performance standards by utilizing less energy and releasing less greenhouse gas into the atmosphere. The fully leased 134,902 s/f, class A office property was recognized for the ENERGY STAR award based on its use of a state-of-the-art building automation system that has optimum start/stop capabilities for maximum and efficient interior building comfort. It has also been recognized for its conversion to energy efficient lighting by installing T8 compact fluorescent bulbs throughout the building. EDISON, NJ — Mack-Cali Realty’s corporate headquarters building at 343 Thornall St. and two Morris County properties – 4 Campus Dr., both located at Mack-Cali Business Campus in Parsippany, have received ENERGY STAR designations. Energy conservation at 343 Thornall St. has been a priority

1235 Westlakes Dr.

343 Thornall St. in Edison, NJ for property management for several years. The building’s property management team implemented Mack-Cali’s “Building Best Operating Practices” several years ago, including a lighting retrofit in the structured parking garage, motion detector installations in common area hallways, restrooms, and fire stairways, and the

addition of a state-of-the-art energy management system. 4 Campus Drive and 4 Gatehall Drive were recognized for their energy efficient systems and technologies that exceed industry standards for energy utilization and performance, emissions, indoor air quality, lighting, and thermal environmental conditions. ■

FirstService launches FS Energy, LLC NEW YORK and TORONTO — FirstService Corporation announced the official launch of FS Energy, LLC, an energy management company that is leading environmental change by improving energy efficiency and lowering operating costs across FirstService’s extensive property management portfolio. FS Energy is initially concentrating on the 450 high rise buildings the company manages in NYC. FS Energy was conceived by FirstService, one of the largest managers of residential and commercial property in the world. FS Energy’s unique database -- over two years in development -- tracks historical energy consumption and costs, enabling benchmarking and the creation and implementation of customized energy reduction plans. These

comprehensive plans provide immediate and long-term dollar savings, often without significant cash outlays, and are always designed to benefit the property owners by reducing operating costs and increasing property value. Buildings constitute 40% of energy use, 72% of electricity consumption and 38% of all carbon emissions in the U.S. “The extensive scale and geographic distribution of our portfolio puts us in a unique position to significantly reduce these numbers,” said D. Scott Patterson, president and COO of FirstService. “In addition to fulfilling our social responsibility to safeguard the environment, FS Energy aims to reduce energy costs and consumption by 25% in our New York City residential properties by 2013.” The result would be more than $30

million in savings for these clients and a reduction of carbon emissions by 111,000 metric tons, which is equivalent to taking 110 buildings offline or over 21,600 cars off the road. Leading the management team at FS Energy is David Kuperberg, founder and CEO of FirstService’s New York City residential management affiliate, Cooper Square Realty. Kuperberg has spearheaded the success of FS Energy since its creation. “Energy costs comprise up to 30% of an average building’s operating expenses in New York City and will only continue to rise,” Kuperberg said. “FS Energy is striving to change that trend and is committed to making recommendations in the best interest of its clients without taking a vendorcentric approach to products or services.” ■

Berks Cardiology BERKS COUNTY, PA — WyAndrew Lacey, president of omissing-based Berks Cardi- Solar Technology Solutions, ologists, Ltd. is installing a the Leesport based company photo-voltaic (PV) solar energy contracted for the project, said system at its 30,000 s/f build- solar energy is especially ating in Spring Township. The tractive to Berks Cardiology. announcement was made by “There’s increased savings Valerie DeVine, chief operating year after year as electricity officer of Berks Cardiologists. costs continue to rise and solar Berks Cardiologists is be- offers a clean, reliable source lieved to be among the first of power at a greatly reduced medical office and laboratory price,” he said. “Becoming in Pennsylvania that will be more energy independent is powered by solar energy. The a smart decision for any busirooftop solar installation will ness and it’s good for our enviconsist of 340 solar panels cov- ronment.” ering the entire roof and generThe solar energy system at ate 79,400 KW annually. Berks Cardiology will offset According to DeVine, ap- approximately 56 metric tons proximately 40 percent of of CO2, Lacey said. That’s the cost of the system will be equivalent to the total amount covered by federal tax credits of electricity used by 10 averand state grants through the age-sized households in the Pennsylvania Sunshine Fund. U.S. annually. Based on accumulated depre“Our state-of-the-art buildciation, solar renewable energy ing was custom designed for credits (SRECs) and electric our practice in 2001,” DeVine cost savings, payback for the said, “and upgrading to solar system is projected to take ap- power keeps us at the forefront proximately six years. of smart energy usage. We can “Berks Cardiology is pleased monitor the system daily and and excited to be a pioneer in see the amount of solar power using solar energy to meet our we are generating.” DeVine power needs in the healthcare noted the solar panels are porindustry. We believe we are table and can be moved and rethe first medical office in Berks installed at another location. County to embrace this renew- “We will pretty much own our able technology,” DeVine said. own power plant.” ■

GE receives ENERGY STAR highest award for sixth straight year LOUISVILLE, KY — GE Appliances & Lighting has been awarded the ENERGY STAR Sustained Excellence Award for the sixth straight year and has previously received Partner of the Year award seven times. “GE Appliances & Lighting has earned The U.S. Environmental Protection Agency’s (EPA) highest ENERGY STAR award - the 2011 Sustained

Excellence Award,” said Elizabeth Craig, acting director of EPA’s Office of Atmospheric Programs. “GE’s long term leadership and commitment to energy efficiency demonstrates the types of accomplishments that we can all achieve in reducing greenhouse gas emissions and protecting our global environment. We look forward to their continued partnership and leadership.” ■

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 7D

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8D — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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PEOPLE ON THE MOVE Named estimator and project manager

David D’Onofrio joins Stanker & Galetto team

INELAND, NJ — Stanker & Galetto, a general contracting firm in southern New Jersey, has named David M. D’Onofrio, L E E D A P, EIT, as estimator and project manag- David D’Onofrio er. D’Onofrio, a LEED Accredited Professional in building design and construction, has a background in engineering and construction management. “We are excited to welcome David to our staff,” said Peter Galetto Jr., president of Stanker & Galetto. “With his education in the contracting and green building fields, he will certainly bring much to our company and our clients.”

As an estimator, D’Onofrio is responsible for preparing cost estimates for Stanker & Galetto’s commercial and municipal building projects by using construction plans to prepare and analyze project budgets and spending. As a project manager, D’Onofrio works closely with the Stanker & Galetto staff and contractors to ensure that the projects are completed timely, efficiently, and within the projected budget. D’Onofrio, a native of Milmay, holds a Bachelor’s degree in Civil Engineering from the University of Notre Dame and a Master’s degree in Construction Management from Philadelphia University. He most recently served as a field inspector and office engineer on heavy highway and urban development projects for Col-

lins Engineers, Inc., based in Chicago, IL. During his time there, he was also an assistant resident engineer for a Chicago Dept. of Transportation project. D’Onofrio’s professional affiliations include the American Concrete Institute, the American Society of Civil Engineers, and the American Institute of Steel Construction. D’Onofrio’s record of past community service includes working at Camp Kesem, a camp for families coping with cancer. As director of the camp’s planning and fundraising committee, he personally raised $15,000 over four years to support camp programming. Presently, he volunteers as an ACE mentor, a program “to engage, excite and enlighten” high school students to pursue careers in the integrated construction industry. ■

Jones Lang LaSalle wins ENERGY STAR Partner of the Year for the third time PHILADELPHIA, PA — The U.S. Environmental Protection Agency (EPA) has named Jones Lang LaSalle 2011 ENERGY STAR Partner of the Year for its leadership in promoting and implementing strategic energy management programs to achieve significant energy and financial savings on behalf of clients, and for its commitment to maximize energy efficiency across its entire operation. The 2011 Partner of the Year Awards recognize organizations that use energy efficiently in facility operations, integrate superior energy management into overall organizational strategy, and promote the use of ENERGY STAR programs and tools among staff, clients and tenants. This marks the third time that Jones Lang LaSalle has been named ENERGY STAR Partner of the Year. “Jones Lang LaSalle’s robust energy management program is a national model, demonstrating how to fight climate change through energy efficiency,” said Elizabeth Craig, acting director of EPA’s Office of Atmospheric Programs. “Effective energy management not only helps the bottom line, but it also is our most cost-effective climate strategy.” “ENERGY STAR is the universally recognized method for accurately measuring and comparing energy performance

in buildings, at a time when building owners, occupants and investors are increasingly focused on maximizing energy efficiency and reducing carbon emissions associated with excess energy usage,” said Peter Belisle, Americas president of energy and sustainability services at Jones Lang LaSalle. “Our participation in ENERGY STAR and promotion of its benefits is a key factor that helped us save $128 million in energy costs and reduce greenhouses gases by 563,000 tons on behalf of clients in 2010.” An ENERGY STAR Partner since 1998, Jones Lang LaSalle was named Partner of the Year for the first time in 2007, again in 2010, and now for the third time in 2011. The firm’s accomplishments in energy management, carbon footprint reduction and industry leadership in promoting strong energy practices will be recognized at an awards ceremony in Washington, D.C. on April 12. Key accomplishments that led to Jones Lang LaSalle’s selection as 2011 Partner of the Year include: Maintaining 100 percent participation in ENERGY STAR across all investor-owned and retail mall properties, and significantly expanding benchmarking activity across corporate client properties. Earning the ENERGY STAR for 118 managed properties rep-

resenting more than 43 million s/f, an increase of more than 25 percent over 2009. Reducing energy consumption by 5 percent across a managed portfolio in excess of 150 million s/f. Training more than 200 property professionals on energy management best practices and ENERGY STAR resources to ensuring that a strategic approach to energy management is implemented at properties across the country. Engaging more than 11,000 employees and clients to take the “Change the World, Start with ENERGY STAR” pledge in 2009 and 2010, potential resulting in 144 million pounds of avoided greenhouse gas emissions. Continuing to promote the value of ENERGY STAR through highly visible project such as the Empire State Building energy retrofit., reinforced by media and social media outreach “Jones Lang LaSalle’s partnership with ENERGY STAR continues to strengthen as more and more people—building owners, tenants, corporate real estate executives and our own employees—recognize the value of measuring energy performance and taking steps to improve it, ” said Dan Probst, chairman of Energy and Sustainability Services at Jones Lang LaSalle. ■

Firm also co-sponsors NJ program

MGKF’s Manko speaks at Climate Change Workshop PHILADELPHIA, PA — MGKF founding partner Joseph M. Manko, chair of PENNVEST (Pennsylvania Infrastructure Investment A u t h o rity), spoke at “Adapting to Climate Change in the Joseph Manko Chesapeake Bay Watershed” presented by the Chesapeake Bay Program’s Scientific and Technical Advisory Committee on March 15, 2011. Manko was part of the private sector/industry panel that provided perspectives on private sector activity in driving and responding to demands for greater consideration of climate change in decision making. Together, the panel led discussions on the opportunities and barriers to progress. The goal of the program, held at EPA Region 3’s regional offices, was to investigate how the Chesapeake Bay Program can adapt its institution, programs, and policies to address a changing climate. Manko has more than 35 years of experience advising clients on environmental issues relating to real estate development, regulatory permitting and compliance, and transactional matters, including mergers and acquisitions, environmental reporting, and alternative dispute resolution matters. He has served since 2003 as Governor Rendell’s designee to chair the Board of Directors of PENNVEST. VOORHEES, NJ — MGKF served as co-sponsor of the Chamber of Commerce Southern New Jersey’s (CCSNJ) March 30, 2011 “Meet the Policymakers” program, featuring

Bob Martin, Commissioner of the New Jersey Department of Environmental Protection (NJDEP). Commissioner Martin will shared the latest developments in environmental poliBruce Katcher cy relative to the business community. An accomplished business and industry leader with recognized expertise in energy and utilities, Commissioner Martin served as a key policy adviser throughout Governor Christie’s gubernatorial campaign. He assisted in shaping and then drafting then-candidate Christie’s Energy Policy and Environmental Policy, and provided policy guidance on other major issues. In recent years, he also has served as a respected and trusted adviser, primarily in energy policy, to several candidates for U.S. Senate, congressional and gubernatorial seats. Bruce Katcher, Esq., a founding partner of MGKF, the partner responsible for MGKF’s New Jersey office, and chair of CCSNJ’s Environment Committee, spearheaded the firm’s support of the program. “As a member of Governor Christie’s Environmental Transition team, it is gratifying to see that Commissioner Martin is implementing some fundamental changes in agency structure and policy designed to make NJDEP more responsive to the needs of the regulated community while still maintaining its commitment to preserve and protect the environmental resources of the state and the health of its citizens, “ explained Katcher. ■

Hoboken Brownstone Co. sponsors US Dept. of Energy Solar Decathlon entry HOBOKEN, NJ — Hoboken Brownstone principals Daniel Gans and George Vallone are proud sponsors of the New Jersey entry in the US Department of Education’s (DOE) biennial Solar Decathlon, a worldwide competition that challenges collegiate students from across the globe to design, build, and operate solar-powered houses that are affordable, highly energy-efficient, attractive, and easy to live in. The development firm is one of the sponsors for Team New Jersey’s eNJOy house, a proto-

type whose design challenges traditional building techniques and suggests a new method of approaching high-performance energy-efficient housing. Team New Jersey consists of students from Rutgers University and the New Jersey Institute of Technology who were challenged by New Jersey Senator Robert Menendez to collaborate on the entry and enter the competition which provides participants with unique training to enter the nation’s clean-energy workforce. ■

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 9D

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10D — April 8 - 21, 2011 — Green Awareness — Mid

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The Delaware Valley Green Building Council PRESENTED BY THE DVGBC GREEN HEALTHCARE CIRCLE

2011 OFFICERS Chairman Joseph Healy, AIA, LEED AP Wallace Roberts & Todd President Chris Minnich Re: Vision Architecture W.S Cumby, Inc.

The Future of Sustainable Healthcare: From Global to Local PRESENTERS Robin Guenther FAIA, LEED AP, is a Principal of Perkins+Will. Over her 30 year career, her healthcare design projects have been published both nationally and internationally. She co-coordinates the Green Guide for Health Care, served on the LEED for Healthcare Committee, and co-authored “Sustainable Healthcare Architecture,” with Gail Vittori in 2007. Breeze Glazer LEED AP, is a Sustainable Healthcare Research Expert and a designer who has focused his entire career on sustainability in architecture. Breeze has applied this expertise to a broad variety of projects across a multitude of scales, from carbon neutral multi-family developments to branding projects for the Conservation Fund.

Vice Chair Abigail Perlstein, LEED AP Kitchen & Associates Architectural Services

SPONSORSHIP OPPORTUNITIES AVAILABLE! PLEASE CONTACT DEBORAH KEEN BAUERNSCHMIDT AT 610-594-2127 OR AT DKEEN@KNOLL.COM

Vice President Alice Cathcart SunPower Corporation

CLEANMED 2011 SCHOL ARSHIP

Treasurer Jim Kerr, IMC Construction

If you are healthcare professional and you are interested in attending the 2011 CleanMed Conference in Phoenix, AZ on April 5-8, the DVGBC Green Healthcare Circle is offering scholarships to cover the registration costs. Please submit this online application by no later than February 25 if you are interested: http://www.dvgbc.org/cleanmed-2011-conference-scholarship

Secretary Christa Duelberg Kraftician, AIA, LEED AP Spillman Farmer Architects

BOARD OF DIRECTORS: Patrick Bolger, Turner Construction Robert Cousar Sustainable Construction Corp. Brenda Gotanda Manko, Gold, Katcher & Fox, LLP David Hahn Columbus Property Management & Development, Inc. Kim Ilardi, LEED AP BD+C The Whiting-Turner Contracting Co. Howard M. Neukrug, P.E. Philadelphia Water Department Michelle Robinson, LEED AP Re:Vision Architecture Kristen Suzda, LEED AP Atkin Olshin Schade Architects www.dvgbc.org 1617 JFK Blvd., Suite 999 One Penn Center Philadelphia, PA 19103 Phone: 215.399.5790 Fax: 215.564.1719 Email: info@dvgbc.org

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When Tuesday, March 15, 2011 5:00 p.m. - 7:15 p.m.

Where Thomas Jefferson University Hospital- Jefferson Alumni Hall 1020 Locust Street Philadelphia, Pa 19107

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Best of Greenbuild and Sustainable Design Competition April 28, 2011 4:00 PM - 8:00 PM Federal Reserve Bank of Philadelphia (visitor information) 121 North 7th Street, Philadelphia, PA 19106 Don’t miss this annual half-day conference that features regional thought leaders reprising presentations from Greenbuild as well as up and coming talent in our Sustainable Design Competition. Join 200 other green building advocates in our networking garden and vendor floor, be inspired by next generation design, fulfill your continuing education credits, and gain regional perspective from our Keynote Speaker Secretary Colin O’Mara from Delaware’s Department of National Resources and Environmental Control. Keynote Speaker: Secretary Colin O’Mara from Delaware’s Department of National Resources and Environmental Control will be the keynote presenter for this annual mini-conference that is also paired with our annual Sustainable Design Competition. Regional thought leaders who presented at Greenbuild in Chicago in 2010 will reprise their presentation for a local audience.

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — 11D

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12D — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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U. S. Green Building Council, NJ Chapter Letter from the Executive Director Dear Friends and Colleagues,

BOARD OF DIRECTORS CHAIR Anastasia Harrison, AIA, LEED AP Gannett Fleming, Inc. VICE CHAIR William G. Lashbrook III PNC Real Estate TREASURER Ed Seliga Advanced Solar Products, Inc. SECRETARY Wayne D. DeFeo, LEED AP DeFeo Associates PAST CHAIR William Amann, P.E., DCEP, LEED AP M & E Engineers, Inc DIRECTORS David Cardella Cardella Waste Services RJ Donnelly, LEED AP Donnelly Industries, Inc. Nicholas Fabbroni, LEED AP UMDNJ Bill Gates, LEED AP BD&C Hunt Construction Gerard Hazel, LEED AP, HBDP Sustainable Systems, LLC Rey Montalvo Consolidated Energy Design Joe Porrovecchio, LEED AP, CRM Carbon-Key, LLC Paul Qvale, LEED AP Hillmann Group Lisa San Filippo, AIA, LEED AP, BD&C Turner Construction Co. Faith Taylor Wyndham Worldwide Andrew Topinka, CPMR Technical Group Services, Inc Gregg Woodruff, PP, AICP, LEED AP, BD&C Langan Engineering & Environmental Services, Inc.

On behalf of the Board of Directors and Chapter Staff I would like to thank you for your ongoing support in enabling USGBC NJ to reach greater and greater heights over the past 9 years in supporting our state’s efforts to Green our Buildings, Businesses, Homes and Environment . These efforts have a direct and profound impact on our workforce which feeds our economic growth. Through your support, our Education and Outreach efforts have soared. The Chapter has provided education and training to over 600 NJ employees within 65 companies over the past year and a half! USGBC NJ has been awarded our third Grant extension from the NJ Department of Labor to provide fully funded customized training in all areas of Sustainability, LEED Credential Maintenance, and LEED Green Associate exam preparation along with a broad syllabus of related training focused on NJ’s corporate agendas. The grant expires on June 3rd, so please visit our web site’s education FLORENCE BLOCK page and download an application so we can support your needs through this wonderful grant. This May we will celebrate our Signature Chapter event - The 5th Annual “Building a Greener NJ” Awards Gala on May 19th at the Palace at Somerset Park in Somerset, NJ. We are honored to have Newark Mayor Cory A. Booker as our keynote speaker, Paul Parmentola, VP and Construction Executive for Turner Construction Company NJ. Our Master of Ceremonies will be Tony Marano, President & CEO of Encelium Technologies. Awards will also be presented to winners in the following categories. Community Award: This award is given to a non-profit organization that has had a profound impact on expanding the horizons of green building through exemplary programs in community service, education, social equity, policy work or other aspects of developing sustainable communities. Green Team Award: Recognizes a green building and project team whose vision and practices illustrate the best in green building. The team’s work reflects the creativity, collaboration, and integrated processes that embody the essence of going “beyond LEED”. Green Ground Breaking Award: An individual, organization or company that is on the cutting-edge of sustainability and green building, and has created something that truly pushes the envelope to broaden the horizons of green. Student Award: Middle through High School Students in public or private schools. A student (or team of students) involved in a project that satisfies one or more of the award Criteria in the 2010-2011 school year and can successfully demonstrate that the outcomes/results of the project have made a positive impact on the environment. Please join us at this exceptional event and network with the businesses and organizations that are at the epicenter of the Green Building Industry. Thank you for all that you do! Sincerely, Florence Block LEED Green Associate Executive Director U.S. Green Building Council NJ

Chapter Events 4/28/11 USGBC-NJ Central Branch Presents: How to use Federal and State Tax Incentives 05/19/2011 USGBC-NJ 5th Annual Awards Gala 05/23/2011 USGBC NJ 2011 LEED Credential Maintenance Education For details on all USGBC-NJ events, visit www.usgbcnj.org

EXECUTIVE DIRECTOR Florence Block, LEED Green Associate

Number of New Jersey chapter members:

851

Number of USGBC member Companies in NJ:

370

GENERAL COUNSEL Harry E. McLellan, Esq, LEED Green Associate McLellan & Associates, LLC

Number of LEED Accredited Professionals in NJ:

2795

Number of LEED registered projects in NJ:

446

Number of LEED certified projects in NJ:

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Mid Atlantic Real Estate Journal — Green Awareness — April 8 - 21, 2011 — Inside Back Cover D

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Back Cover D — April 8 - 21, 2011 — Green Awareness — Mid

Atlantic Real Estate Journal

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