7-27-12

REAL ESTATE JOURNAL the most comprehensive source for commercial real estate news

Volume 24 Issue 14 July 27 - August 16, 2012

ISSUE HIGHLIGHTS Meridian Capital Group negotiates $25.2m in financing

3A

Nave Newell Celebrates 20 Years in Business

18-19A SPOTLIGHT: Brokerage Directory

Section B

Combined Heat and Power system to preserve archival documents

Aegis Energy Services installs CHP system in the National Archives

C

OLLEGE PARK, MD — It is common knowledge that heat and humidity are detrimental to the preservation of archival documents. No organization is more serious about safeguarding our nation’s historical record than The National Archives, located in Washington, DC and College Park, MD. Maintaining steady temperature and low humidity is a 24/7, 365 day a year mission for the Archives’ facility management, and is a costly proposition. But when you are protecting the original Constitution of the United States or the Declaration of Independence, you take no chances!

Looking to cut their overall energy expenses by 30%, the National Archives of College Park, MD and Washington DC, embarked on a series of measures, including the installation of a Combined Heat and Power system engineered, manufactured and installed by Aegis Energy Services, Inc. Combined Heat and Power (CHP), also known as cogeneration, is the production of both electricity and heat from a SINGLE fuel source, in this case natural gas. It is a well established, proven, high-efficiency energy-saving technology. Aegis Energy Services, Inc. has been the leader in CHP for nearly 27 years with hundreds of systems located in the Northeast and Mid-Atlantic states.

In 2009, The National Archives

Directory

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National Archives installed two Aegis 75kw CHP gis CHP systems were installed systems in their Washington, in the building’s main mechaniDC facility. In 2010, the College cal room, located close to the boilPark, Maryland site installed ers and chillers. The systems not three Aegis CHP systems. Heat only help protect the valuable recovered from the CHP systems archives, but also keep the five is used to re-heat ambient air to hundred people employed there 70 degrees F, after previously and the site’s several hundred being cooled to 55 degrees F in daily visitors comfortable. an effort to condense out any In addition to dehumidificamoisture. tion applications such as this At College Park, the three Ae- one, CHP technology is well

suited to healthcare facilities, recreational facilities, hotels, dormitories, and multi-unit residential buildings; wherever there is a need for the useable thermal energy (domestic hot water, space heating, absorption cooling, pool water heating,etc) produced from the cogeneration unit.

Prior to recommending a CHP system, Aegis Energy Services always performs a no-cost thorough evaluation of the building’s heating systems and a proprietary energy analysis using historical energy usage. This work ensures that its CHP systems will be properly engineered to deliver promised and reliable savings consistently year after year.

The National Archives is benefitting from the reliable, high efficiency CHP systems manufactured and installed by Aegis Energy Services, which helped cut their high energy costs, while simultaneously reducing carbon and other greenhouse-gas emissions, thus benefitting the DC metropolitan area, at large. ■

Cooper-Horowitz arranges $161.4 million in financing NEW YORK, NY — Cooper-Horowitz, Inc. recently arranged financing on the following properties: • Dunbar Apartment Portfolio: 211-227 and 231-247 West 149th Street; 210-226 and 230246 West 150th Street; 25802594 Adam Clayton Powell Jr. Blvd; 2802-2824 Frederick Douglas Blvd., New York, NY. The loan was for $20.9 million. Jayson Schwartz and Richard Horowitz represented the firm • The Bedford Portfolio: 158160 North 4th Street; 237-241 Bedford Avenue, Brooklyn, NY. Retail/Residential. The loan was for $51 million. Mark Niman, Richard Horowitz and Louis Mirando represented the firm.

• 1133 Westchester Avenue, White Plains, NY. 625,000 s/f office building. The loan was for $79 million. Richard

Bedford Portfolio rendering Horowitz represented the firm.

• 350 West Broadway, New York, NY. Retail/Condomin-

ium. The loan was for $10.5 million. David Horowitz and Richard Horowitz represented the firm. ■

Inside Cover A — July 27 - August 16, 2012 — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal — July 7 - August 16, 01 — 1A

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For over 27 years, we at Aegis Energy Services have helped hundreds of customers reduce their energy costs by installing our highly efficient Combined Heat & Power systems.

877-903-5170 www.Aegisenergyservices.com

A — July 27 - August 16, 2012 — Mid

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Atlantic Real Estate Journal

Mid Atlantic Advertisers Directory

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Mid Atlantic Real Estate Journal Publisher.............................................................................Linda Christman Co-Publisher..........................................................................Joe Christman

Section Publisher...............................................................Michael Campisi

ABC DE, EPA................................................................. 33A AEGIS Energy Services................................................... 1A Aldo Design Group........................................................... 8A American Boiler Co........................................................ 27A Auction Directory............................................................. 5A Bayshore......................................................................... 26A BHH Architects.............................................................. 18A Bill Board Directory................................................... IBC-A Birdsall Services Group................................................. 17A BR Kreider & Son........................................................... 12B Brahney Paving.............................................................. 10A Brasler Properties...................................................... IBC-B Brokerage Directory..................................................26-32B Business Card Directory................................................ 35A Capitol Aerials................................................................ 22A CBC Bennett Williams........................................... 10B,12B Cervelli Management Corp............................................ 11A Cooper Roofing.................................................................. 9A Crystal............................................................................ 24A Cushman & Wakefield..................................................... 1B Design East..................................................................... 16A Earth Engineering Inc................................................... 20A FOWLER........................................................................ 29A GA Keen Realty Advisors................................................. 3A Gebroe Hammer Associates............................................. 7B Gerber/Somma...............................................................IC-B Gilbeaux Associates, PC................................................. 22A Griffin Land...................................................................... 6B Haftek CWS.................................................................... 23A Hartz.............................................................................BC-A Heller Industrial Parks.................................................... 5B Hutchinson Mechanical Svcs......................................... 23A Investors RE Agency........................................................ 8B IREM..................................................................................31 KW Commercial............................................................... 9B Landcore Engineering Consultants..................... 20A, 14B Landmark Commercial Realty........................................ 4B Lipponcott Jacobs........................................................... 20A M&E Engineers.............................................................. 15A M. Miller & Son................................................................ 3A Marcus & Millichap.................................................11B,14B Max Spann RE & Auction Co.......................................... 5A McMahon Transportations Engineers & Planners....... 19A Meridian Capital Group................................................... 3A Motleys.com...................................................................... 4A NAI Emory Hill......................................................... 6A, 3B Nave Newell.............................................................. 18-19A NJ Paving....................................................................... 12A NJ SmartStart Buildings.............................................. IC-A PennCap Properties.....................................................BC-B Poskanzer Skott Architects............................................ 14A RAI.................................................................................. 22A RCX................................................................................. 25A RD Management.......................................................20-21B Retail Brokerage Directory.......................................22-23B Retail Business Card Directory..................................... 24B ROCK.............................................................................. 14B RRH&C........................................................................... 19A SHAH Electric & Builder................................................. 6A Sitar Auctions................................................................... 5A SUBWAY......................................................................... 19B The Azarian Group......................................................... 17B The Berger Organization................................................. 2B The Frederick Group...................................................... 15B THESING Cos................................................................ 15B Traffic Planning and Design................................. 18A, 14B USDA................................................................................ 6A Vantage Landscaping...............................................8A, 23A Whitesell......................................................................... 10A

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Robert (Bob) Michael Brasler August 19, 1936 June 25, 2012

T

he Brasler Properties Team celebrates Bob’s life and numerous accomplishments.

SIR/SIOR Member since 1967, directly responsible for over 30 million s/f in industrial and commercial property sales and leasing.

Broker, Developer, and Founding President and CEO of the National Constitution Center.

Bob Brasler was the Founding President and CEO of the National Constitution Center on Independence Mall in Philadelphia. Under his leadership the initial capital was raised, the site and concept for the museum were established, and he created and installed an honorary board of directors that included all of the living former U.S. Presidents.

Then Mayor of Philadelphia and later Pennsylvania Governor, Ed Rendell said, “Bob Brasler took a simple idea – that in Philadelphia, the Birthplace of modern democracy, we should create a place that tells the story of the great ideas behind our system of government - and breathe life into it. We wouldn’t have the NCC in Philadelphia, an awesome building, with all of the great things and great exhibits and wonderful show without Bob Brasler. Through the lean years when there was no government support he, by almost force of personality kept the center alive.“ The Congressionally authorized, non-partisan, non-profit $160 million National Constitution Center opened to rave reviews on July 4, 2003 and hosts more than 1 million visitors annually.

In the Industrial Real Estate industry since joining the Binswanger Company in 1961, Bob Brasler has been involved in sales, leasing, management, planning, development and re-development of over 30 million s/f of commercial and industrial properties throughout the United States. Starting with door to door canvassing in Philadelphia’s older industrial neighborhoods, Brasler built up a clientele

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The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

by relocating industrial firms and by 1965 had completed his first major sale of the 400,000 s/f former Kaiser Fleetwings property in Bristol PA. to Keystone Lighting.

During that period the firm partnered with Tishman to develop the 600 acre Philadelphia Industrial Park, the largest planned industrial development within a major city in the U.S. A member of the Society of Industrial Realtors (SIR, later SIOR) since 1967, Bob became a partner at Binswanger in the 1970’s and after completing transactions throughout Pennsylvania he expanded coverage to the Northeast, Midwest and Southern U.S. - a 450,000 s/f manufacturing plant sale by Midland Ross to Ford Motor Co. in Ohio, a 950,00 s/f sale for Roper in Newark, NJ, a 1.7 million s/f sale for Clark Corp in Battle Creek, Michigan and 3.7 million s/f in transactions for Firestone in Michigan, Ohio and Georgia. Bob also opened the firm’s first international offices; in Paris, to cover Europe and then in Tokyo, after a visit there sponsored by the U.S. State and Commerce Departments to encourage investment in the U.S. During the 80’s Brasler continued to expand the firms’ coverage in the U.S., bringing the total to 17 offices covering strategic regions of the country and building it’s specialty of selling large industrial buildings in North America.

In the late 80’s and early 90’s Bob reorganized the Investment Division of the firm that focused on the sale and financing of income property.

Transactions included over a thousand apartment units in North and South Carolina, a

400,000 s/f freezer building in Oregon, the sale-leaseback of 20 supermarkets in the Mid South and a 1.4 million s/f industrial center in St. Louis for the Park Corp. During this period Bob assisted in building the new Corporate Services Division of Binswanger.

A partner and Vice-Chairman of the company, he left in 1994 to head the NCC. Returning to the private sector in 1998, Bob re-established the family business, Brasler Properties, founded by his father in 1917 with his partner and son, Chris.

The company’s most recent completed development the “York Business Center” is a total transformation of a 1.5 million s/f, 126 acre, former Caterpillar Manufacturing Plant in York, PA into a mixed use distribution, manufacturing, office and retail center creating over 1000 jobs.

Brasler Properties maintains an industrial presence with 400,000 s/f for lease in Reading PA. Bob, was an active participant in many charitable endeavors including: Co-chairing the successful ten year effort to build the new $12 million Arthur Ashe Youth Tennis and Education Center in Philadelphia’s Fairmount Park (recently renamed Legacy Youth Tennis and Education), a program that benefits over 5 ,000 children in the MSA annually.

Mr. Brasler was a proud and active alumnus of Central High School’s Class of 2012.

He served as Chairman of the Dickinson College Board of Advisors and as a Trustee from 1981 to 2001. In 2007 Bob was selected as one of the 25 most influential alumni of Dickinson. n

Mid Atlantic Real Estate Journal — July 7 - August 16, 01 — 3A

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Mid AtlAntic ReAl estAte JouRnAl For Multifamily Properties in NJ, PA, MD and DE

Meridian Capital Group, LLC negotiates $ . m in financing

They wrote the policy.

We make sure they write the check.

I

SELIN, NJ — Meridian Capital Group, LLC, a national commercial real estate finance and advisory firm, announced the following transactions: Meridian negotiated a new mortgage in the amount of $10.5 million on Cricket Court Commons, a 228-unit garden apartment complex located on West Manheim St. in Philadelphia, PA. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Ben Brown and David Cohen.

A new mortgage of $8.8 million was placed by Meridian on the Colony House at Rivers Edge in Red Bank, NJ. The property, located on North Riverside Avenue, is a beautiful seven-story, 65,000 s/f, 68-unit multifamily building. The loan features a rate of 3.38% and a five-year term.

The transaction was negotiated by Israel Schubert and David Cohen.

Meridian negotiated a new mortgage of $1.275 million on two, four-story walkup multifamily buildings totaling 27 units on Park Ave. in West New York, NJ. The loan

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Colony House at Rivers Edge features a rate of 3.99% and a seven-year term. The transaction was negotiated by Elliot Treitel.

A new mortgage in the amount of $2 million was placed by Meridian on North Street Commons, a townhouse multifamily complex containing nine units located on Wilbur Street in Newark, DE. The loan features a rate of 3.81% and a seven-year term. The

transaction was negotiated by Emil DePasquale.

Meridian negotiated a new mortgage of $2.6 million on Lawrence Apartments, a 48unit garden apartment multifamily complex on Crescent Drive in Greenbelt, MD. The loan features a rate of 4.39% and a 10-year term. The transaction was negotiated by Shimshie Tepper and Barry Lefkowitz. n

BANKRUPTCY SALE Subject to Bankruptcy Court Approval

OFFER DEADLINE: OCTOBER 5, 2012

Recent Financings Arranged By Meridian Capital Group

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Steward’s Crossing 241 Units

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A — July 27 - August 16, 2012 — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal Auctions

By Richard G. Warner, Warner Real Estate & Auction Company

When does an auction make sense?

E

ach year, auctions are used to sell billions of dollars of real estate. Once thought useful only for disposing of problem and hard-to-sell properties, auctions are gaining popularity as an effective Richard Warner sales tool for all types of real estate.

Current market activity shows that auctions are on the rise nationwide. For instance,

the National Auctioneers Association industry research survey compiled by Morpace, Inc.

2003-2008.

Characteristically, an auction helps define the mar-

Owners and brokers now regard auctions as a cost effective tool to accelerate the sales process and control the terms of the sale.

determined the sales growth for auctions of commercial and industrial, residential and land increased 31.3%, 47.7% and 36.8% respectively from

ket for hard-to-value, unique properties. The competitive bidding technique reaps premium sales prices for such properties. In addition, if the

4 AUCTIONS

property’s market is small, an auction can accelerate the sales process.

Auctions are also advantageous when the property owner wants to control the structure of the sale. In an auction, the seller establishes the specific terms of the sale, and the market bids based on those terms. The auction firm codifies all the financial, legal, and other materials in advance, including the contract for sale the successful bidder must sign. This important aspect of an auction is comforting, especially to

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owners who have experienced cancelled sales due to contingency-riddled contracts. Most auction transactions are made on an “as is, where is” basis and require potential buyers to complete their due diligence prior to the auction. Both the positives and the negatives of the property must be disclosed. There are scheduled on-site inspection times when all interested parties can preview the property. The auction or bid date sets a deadline by which the buyers must act if they wish to purchase the property.

Auctions also allow the seller to effectuate a “time certain” sale. This is a key advantage for owners who want to defer taxes by selling a property and buying a replacement property in an IRS Code Section 1031 exchange. Additionally, owners seeking to sell properties before the end of the year to offset gains and losses find controlling the time line of the transaction extremely important.

Owners of properties with negative cash flows can also benefit from a “time certain” sale, especially if they are unable to retrieve carrying costs incurred during a protracted marketing campaign by selling at a higher price. Most auctions take place within 45-60 days, with closings ranging from 30-45 days thereafter.

The speed of these sales can translate into huge savings for the owner. For example, a property has a negative cash flow of $10,000 per month and based on the absorption rate will take 12 to 18 months to sell. By utilizing an auction, the owner can afford to discount the sales price between $120,000 and $180,000 and still come out ahead. An example in the current market is a condominium developer who accomplishes an entire sell-out in 75 days thereby eliminating his carrying costs and the uncertainty of future market conditions.

Owners and brokers now regard auctions as a cost effective tool to accelerate the sales process and control the terms of the sale.

Richard Warner is the president and founder of Warner Real Estate & Auction Company, Inc. and a licensed real estate broker in New Jersey and Pennsylvania. n

Mid Atlantic Real Estate Journal — July 27 - August 16, 2012 — A

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Mid Atlantic Real Estate Journal Auctions

AUCTION

By Order Of the U.S. Bankruptcy Court!

Mark J. Conway- Trustee

By o r d e r o f t h e S u p e r i o r Co u r t o f N J

REAL ESTATE AUCTION

Income producer with 2 occupied retail spaces in Toms RIveR, NJ! t TR GU SFUBJM CVJMEJOH t OE øPPS X öOJTIFE PóDFT MBWBUPSZ TUPSBHF BSFB t 0O TJUF QBSLJOH X DBST t $PSOFS MPDBUJPO XJUI IJHI WJTJCJMJUZ PO 3U &BTU t $MPTF UP (41 3U 5PNT 3JWFS 4FBTJEF )FJHIUT 1801 Rt. 37 East, Toms River, NJ 08735

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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 •

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DE, PA, NJ

NJ-PA-DE-NY-MD-VA

Richard G. Warner, President

NJ & PA Licensed Real Estate Broker Warner Real Estate & Auction Co., Inc. 109 East Grant Street, Suite B Woodstown, NJ 08098 Ph: (856) 769-4111 ext 710

Website: www.WarnerRealtors.com

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A — July 27 - August 16, 2012 — Mid

Atlantic Real Estate Journal

GENERAL CONSTRUCTION

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Mid Atlantic Real Estate Journal For a 96,800 s/f industrial/flex property

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APARTMENT COMPLEX FOR SALE

NorthMarq Capital arranges $2.2m mortgage financing

W

illiamstown, NJ — Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia Regional office, and Doug Austin, vice president of NorthMarq’s San Diego office, cooperated to arrange acquisition financing of $2.2 million for Monroe Commerce Center, a 96,800 s/f industrial/flex property located at 1031 Glassboro Rd. in Williamstown.

Financing was based on a 15-year term and a 15-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a correspondent life insurance lender.

Wilson of Lieberman Earley & Co. negotiates lease totaling $334,000 for 14,671 s/f flex space FOLCROFT, PA — Lieberman Earley & Company assisted Service By Air in negotiating a lease agreement for 14,671 s/f of flex space located at 514 Kaiser Dr. in Folcroft, PA (shown right).

Bill Wilson, a senior sales associate with Lieberman Earley & Co. arranged the multi-year lease agreement with Service

By Air, the tenant, while Scott

68-Unit MFH Apartments for Sale Westgate Apartments Washington, NJ Block 6 Lot 11.01 + 11.02

Monroe Commerce Center “This transaction was a low- tion loan that required a quick leverage non-recourse acquisi- close,� said Aylmer. n

Henderson of Grubb & Ellis, assisted the owner, Barthco Associates, in this multi-year

transaction.

Aggregate rental of the lease was in excess of $334,000.

NEW OFFICE DOWNSTATE!

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Sales Price - $2,000,000 Repair/Rehab Loan for immediate capital needs will be given Bids for less than Minimum will not be accepted Bids are due August 17, 2012 by 4:30pm NOT FOR PROFIT PREFERENCE WILL BE GIVEN Terms-Property is being sold in the USDA, Rural Development SecĆ&#x;on 515 MFH Program RestricĆ&#x;ve-Use provisions will be placed on the property Agency Financing is available and applicants must qualify under the federal guidelines For An ApplicaĆ&#x;on/Details/Visits to the property contact, Donna L. O’Brien, Senior Area Specialist at 609-267-1639, Ext: 126 or donna.obrien@nj.usda.gov Rural Development is An Equal Opportunity Lender

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Owners, Developers & Managers Mid Atlantic Real Estate Journal — July 27 - August 16, 2012 — A

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110 units in Toms River, New Jersey

The Gebroe-Hammer team of Brecher & Follman broker $16.1 million sale of Dover Chase Apts.

T

OMS RIVER, NJ — The Gebroe-Hammer Associates brokerage team of Joseph Brecher, executive vice president, and sales associate Steven Follman, brokered the $16.1 million sale of 11 0 u n i t s a t D o v e r Joseph Brecher Chase. Gebroe-Hammer represented the seller and procured t h e b u y e r, a long-term client who finalized a Steven Follman 1031 Exchange with the acquisition.

Dover Chase “Ocean County offers ideal demographics and a high concentration of new and

existing multi-family product that, if it follows statewide trends as expected, will re-

sult in heightened investment trading activity in the coming 12 to 18 months,” said Brecher.

Built in 2008, Dover Chase was 95 percent occupied at the time of sale. Features include a mix of one-, two- and three-bedroom layouts. Spacious floor plans with ninefoot ceilings, a washer and dryer in each unit, on-site parking, gourmet kitchens with granite countertops and stainless-steel appliances, tiled bathrooms, balcony/ patios, air conditioning and walk-in closets are among the modern amenities. Most units also have attached garages with direct apartment access.

“This class-A, amenity filled garden complex is located just seven miles from the center of town and within

minutes from local beaches, both of which contributed toward the per-unit price of approximately $146,000,” said Follman, who noted the seller plans to acquire a distressed out-of-state asset with the proceeds of this sale as part of an exchange as well.

Toms River is one of the fastest growing regions in the State of New Jersey. As the county seat, the township is served by several major roadways, including the Garden State Parkway and U.S. Route 9, as well as Routes 35, 37, 70 and 166 and County Routes 527, 530, 549 and 571. NJ Transit also provides five bus routes linking Newark/Jersey City, Manhattan and Atlantic City and rail service in nearby Bay Head. n

UIP General Contracting renovates exterior and common areas of 1489 Newton Street Cooperative’s 24-unit building Washington, DC — UIP General Contracting Inc. of Washington, DC (UIPGC) has been selected by the 1489 Newton Street Cooperative, Inc. to renovate the exterior and common areas of its 24unit building in the Columbia Heights neighborhood of Washington, DC. The project is expected to be completed before the end of the year.

UIPGC will provide a new design-build amenity space in the building’s basement level, to include a community room, restroom facilities, and storage lockers, as well as upgraded finishes (including tile, carpeting, paint, and fixtures) throughout the space. In addition, UIPGC will upgrade the entire building’s electrical system and make interior and exterior structural repairs.

The Harrison Institute for Housing and Community Development, part of the Georgetown University Law Center, provides legal representation and transactional services to the 1489 Newton Street Cooperative, Inc., supporting

the co-op’s goal of maintaining and preserving its residence as high-quality, affordable housing. “The Harrison Institute has worked with UIP over the years and is glad to work with them again on Newton’s rehabilitation project,” said Alina Ball, a supervising attorney and clinical teaching fellow at Harrison. “The Board selected UIPGC for this project because they had the most comprehensive proposal and their vision was most aligned

with the Board’s. UIPGC’s patience and flexibility during this process has been greatly appreciated.”

“This has been a good experience for us thus far,” added Josue Salmeron, president of the 1489 Newton Street Cooperative, Inc. “We are excited to see the construction already underway in the building and look forward to having our vision for our home become a reality with UIPGC’s assistance.” n

EWMA’s McSwieney & Moffit become licensed LSRPs

The Harrison Institute for Housing and Community Development

Lawrenceville, NJ — Two members of EWMA are among the first fully licensed LSRPs in New Jersey: Sharon McSwieney, assistant vice president and Alfred Moffit, III, director.

McSwieney is with EW- Sharon McSwieney

MA’s office in Lawrenceville.

She has a long and distinguished career in Brownfield Redevelopment and remedial investigations, and site remediation.

Moffit has over 17 years experience as a practicing Alfred Moffit, III geologist. n

8A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

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BUILDING INTERIORS AUGUST 31ST ISSUE TH deadline August 22 HEALTH CARE SEPTEMBER 28TH ISSUE deadline September 19TH FACILITY MANAGEMENT/MAINT FEATURING MABFM 2012 OCTOBER 26TH ISSUE deadline October 17TH If you would like to submit articles or news to appear in the Mid Atlantic Real Estate Journal, please contact:

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Atlantic Real Estate Journal

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Owners, DevelOpers & Managers To provide property management services in DC

Clarion Partners, LLC selects Cassidy Turley

W

ASHINGTON, DC — Cassidy Turley has been selected

by Clarion Partners, LLC to provide property management services for Chevy Chase Pavilion – an 894,921 s/f mixeduse project located at the intersection of Wisconsin and Western Avenues in Northwest Washington, DC. “We are thrilled that Clarion Partners has entrusted us with the management of this world-class asset,” commented Bill Grillo, senior managing director with Cassidy Turley.

“There are many exciting things taking place at Chevy Chase Pavilion, including a $32 million renovation of the retail atrium, the addition of several new retail tenants and the complete renovation of the parking garage. We look forward to enhancing the value of the property, including both tenant and customer experiences with our best-inclass property management services,” he continued.

Chevy Chase Pavilion The project’s 204,621 s/f, 9-story office tower, 5335 Wisconsin Avenue at Chevy Chase Pavilion, was renovated in 2011 and achieved LEED Silver certification. Additionally, three new retail tenants have recently executed leases – Range, a 15,500 s/f restaurant owned by “Top Chef” alumnus Bryan Voltaggio; a 3-level, 21,704 s/f H&M; and The Civil Lounge, a 5,466 s/f small plate eatery and cigar lounge from

W. Curtis Draper Tobacconist.

Other major tenants include Embassy Suites, Cheesecake Factory, J Crew, World Market, Loft and Starbucks.

Earlier this year, Clarion Partners also selected Cassidy Turley to provide property management services for the McPherson Building, a 239,174 s/f class A office building located at 901 15th Street, in Northwest Washington, DC. n

IREM Delaware Valley Chapter No 3 hosts 24th Annual Golf Outing sponsored by Friends of IREM PHILADELPHIA, PA — IREM Delaware Valley Chapter No 3 hosts 24th Annual Golf Outing sponsored by Friends of IREM, September 4, 2012 at The ACE Club, a 7,500 yard Gary Player Signature Design course located in Lafayette Hill.

The Institute of Real Estate Management (IREM) is an affiliate of the National Association of REALTORS (NAR) and the only professional real estate management association serving both the multi-family and commercial real estate sectors.

The Delaware Valley Chapter of IREM serves 29 counties in Eastern Pennsylvania and the entire state of Delaware, and is one of 81 U.S. chapters within IREM. IREM also has 8 international chapters as well as several other partnerships around the globe, and acts as an advocate on issues affecting the real estate management industry world-wide.

Golf format is Team Scramble. Foursomes will use each golfer’s drive four times. Contests include closest to the pin, longest drive, straightest drive and more. Golf registra-

tion includes lunch, greens fees, cart, bag tag, golf course refreshments, locker facilities, cocktail reception and dinner buffet.

• Registration and Lunch: 11:30am – 1:00pm.

• Shot Gun Start: 1:00pm • Cocktails, Dinner Buffet and Awarding of prizes: 6:00pm • Golf, Cocktails & dinner: $325 per player • Cocktails & dinner only: $85.00 pp Final date to make reservations: August 24, 2012 For more information or to make visit www.IREM3.org n

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — A

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10A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

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Atlantic Real Estate Journal

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Owners, DevelOpers & Managers Capital improvement project in Atlantic City, NJ

River Drive Const. fi nalizes Vermont Plaza Apts. redesign

A

TLANTIC CITY, NJ — River Drive Construction Co., based in Elmwood Park has announced the firm recently completed a capital improvement project at Vermont Plaza Apartments, a 15-story, 201-unit apartment building located at 130 South Vermont Ave. in Atlantic City, on behalf of Sencit Vermont Associates LP. River Drive served as general contractor, heading capital improvements that included substantial roof replacement and upgrades, and significant parking garage improvements.

Vermont Plaza Apartments “We’re proud to have finished this project -- on time and under tight ground conditions,” said Joseph Langan, president of River Drive Construction.

The Vermont Plaza high-rise apartment building, which features two-and-one-half levels of parking, is located at the heart of Southeast Inlet, directly next door to the upscale Revel Casino and Resort as well as the historic Atlantic City Lighthouse. The building includes a variety of one- and two-bedroom units at competitive rents.

The architect was Voorhees based Feinberg & Associates PC. n

Woodmont Square holds grand opening of 100 unit apts.

157-B Bridgeton Pike- Suite 196 Mullica Hill, NJ 08062 Call Toll Free: 1-877-FIX-ASPHALT (1-877-349-2774) Fax Toll Free: 1-888-812-4058 Serving NJ, PA, DE, MD

BRIDGEWATER, NJ — Woodmont Properties announced the grand opening of Woodmont Square, a rental community nestled within the Watchung Mountains in Somerset County. The complex features 100 two-bedroom, two-bathroom apartments set on 10 acres.

“This complex really meets a niche in the area of upscale quality apartments,” said Eric Witmondt, CEO of Woodmont Properties. “These apartments are the epitome of craftsmanship for which Woodmont is known. They are great for those who would prefer to rent in an amenityfilled community, and have an active lifestyle. The location also greatly benefits commuters.”

“The attention to detail and design elements will make Woodmont Square a sought housing alternative for Bridgewater Township,” said Mayor Daniel J. Hayes, Jr. n

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Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August Mid Atlantic Real Estate Journal — Property Management — February 10 -16, 23,2012 2012——11A 3B

Owners, Developers & Managers PROPERTY MANAGEMENT GENERAL CONSTRUCTION

Design

by Minno & Wasko Architects and Planners

By Chris Cervelli, CCIM, Michael Cervelli Real Estate/Cervelli Management Corp.

ConstructionProperty progressing Management at Prism’s Parkway Lofts times in tough Commercial •

B M

LOOMFIELD any people areAND talkEAST — ingORANGE, about howNJ tough Construction e c o n o m iprogressc times es on Prism Capital Partners’ have affectParkway ed real Lofts es- in Bloomfield and Orange. The $90 tate East values. million redevelopment projAn underlyect ing involves effect is an industrialto-residential the negative adaptive reuse of the 115-year-old former financial imGeneral Electric Company pact to propproperty that signals Exit erty owners Cervelli 148 millionsChris of New Jerand for managsey travelers each year. ers.

Six months after breakGenerally those on the lowing ground, commercial real er rungs of the socio-economic estate Prism ladderowner/operator are hit the hardest Capital Partners continues during depressed times. As on track for the Parkway a property manager, I have Lofts welcome its first seen atomarked increase in renters Spring 2013.

Viscrime ininand around multiible changes already include family buildings.

Unemployfaçade work and preparation ment makes people desperto the 13-foot winate,install desperation may lead to dows the crime,that and distinguish crime in general new Inside, can design. bring an area Prism down. is If in the midst of creating an people don’t work and can’t intermediate second floor afford their rent, it may result and a penthouse levelbeing that in these individuals will convert the building’s evicted or turning to crimesix in stories order tointo feedeight. themselves and Prism acquired 14.5their families.

Thethe result is acre site for in majorParkway vacancy Lofts problems 2005, capitalizing on a great landlords.

A decrease in or opportunity take anmeans, obsolack of rentaltoincome lete industrial property and 1) landlords don’t have money with create to payitfor their high-density, mortgage and transit-oriented housing operating expenses and,for 2) underserved middle-market additional expense to market renters.

Phase apartments I, currentand renovate ly the so underway, they can beinvolves rented. This conversion of a 365,000 can be a downward spirals/f in warehouse building into 365 which everyone loses. apartments, 331 What is the including solution? First, studio, one- andmaintenance two-bedroom a preventive residences, and 34 penthouse program will help combat units with terraces. this problem by dealing with small issues as soon as they Prism the imcome up. recognized This will result in portance of identifying an overall better qualitythe of strengths of the life for tenants, andexisting will crestructure to ensure preservaate a clean and safe “curb tion of itstooriginal character. appeal” those looking for “The design,

by Minno & housing.

Another proven Wasko Architects and retenPlantechnique for tenant ners, property’s tion isutilizes proper the screening dur17-foot ceiling ing the floor-to-floor application process. heights,” said Eugene Filling buildings withDiaz, tenaants principal with who arepartner not transient Prism. “‘Industrial’ elements in nature, have good credit, –and such as exposed columns positive work references and beams, polished conwill lead to overall stability, crete and post-modern whichfloors, creates a balanced and finishes – income. will compliment forecasted The cream the new, historical replica always rises to the top: if you windows and other original have a properly managed and architectural features.” well maintained property, it will be easier to keep it that Prism begin the construcway andwill attract right tion for Phase II – which tenants. will include 170 for-sale Top-of-the-market propertownhomes, a clubhouse and ties also draw the attention additional lifestyle amenities of organizations that provide –assisted by year-end 2012. Assisted n housing.

housing is a great way to maintain consistent income levels. You don’t have to rely

likely to be involved in criminal activity. These tenants have a personal stake in the

Even in these difficult times, owners of investment property can do well by maintaining their buildings at or above levels of competing properties. on the tenant to pay the full well-being of a property beamount of the rent. Very of- cause they need housing and ten, these organizations will desire to live in such a compay a large portion if not the fortable, safe environment. entire rent. In turn, tenants These tenants are often of who receive assistance have great assistance to the landbeen pre-screened by these Parkway lord, Lofts acting as 24 hour “eyes organizations and are less and ears” at the property.

industrial • Residential

Even in these difficult Aimed at providing profestimes, owners of investment sional brokerage services to property can do well by main- private investors and finanHVAC • NETWORK • SOlAR pANEl iNSTAllATiON • taining their buildings at cial institutions involved in orSECuRiTy above levels of competincome-producing multifam• CAmERA • SWimmiNG pOOl GROuNDiNG • ing properties, conducting ily properties and shopping FiREAlARm iNSpECTiON & iNSTAllATiON proper tenant screening, and centers, the company has enlisting the help of local posted steadily increasing assistance programs to refer salesSHAH results. Michael CerContact: VINAY qualified candidates. velli Real Estate is known for FoundedP:in201-488-6088 1983, Michael F: its’201-488-6087 unparalleled reputation of Cervelli Real Email: Estate, shahelec@aol.com head- honesty, integrity, and experiquartered in North Bergen, ence in the investment real New Jersey, is acknowledged industry.NJ 07601 123 Hudson St, Rear Bldg,estate Hackensack, as one of Northern New Chris Cervelli, CCIM, Fully Bonded & Insured License #11574 Real EsJersey’s most experienced Michael Cervelli agencies specializing in in- tate/Cervelli Management vestment real estate sales. Corp. Q

12A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

Owners, DevelOpers & Managers Mid-Atlantic Chapter Project of the Year

Alvin H. Butz and RMJM Hillier receive CMAA award

A

LLENTOWN, PA — Alvin H. Butz, Inc., The Pennsylvania State University - Berks Campus, and RMJM Hillier received Construction Management Association of America (CMAA) Mid-Atlantic Chapter Project of the Year Award in the Higher Education Project Under $20 million category for the construction of the Gaige Technology and Business Innovation Building.

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The Mid-Atlantic Chapter of CMAA covers all of Pennsylvania east of Pittsburgh, Delaware, and Central and Southern New Jersey. The CMAA annual awards program presents awards in eleven categories with one winner chosen from each category. The selection of winners involves an extensive review process which analyzes how successfully a project was managed by the construction manager and the owner. The CMAA judges the specific ways a project is an example of the successful application of construction management principals and standards. It also judges how the specific needs of the project or owner were addressed by using construction management.

At more than 60,000 square feet, the Gaige Technology and Business Innovation Building is now the largest building on the Berks campus.

The building includes nine classrooms, nine computer labs and fifty faculty offices to go along with an assortment of new, cutting-edge technologies. Substantial completion of the building occurred in October of 2011.

CURBING “It has always been our phiCurbing Restoration losophy that the Construction Belgium Block Management method proConcrete 9" x 18" duces the best project results EXCAVATION due to the collaboration of Soil Removal & Grading the entire team including the Pipe Installation 4" to 36" owner, architect, construction Detention Basins firm and subcontractors. It is Interior Demolition gratifying to the entire team to see the results of this colDrain Rebuild & Installation laboration recognized with ASPHALT an award from CMAA, the Coal-Tar Seal Coating organization that champions Rejuvenators the CM method,” says Greg Hot Crack Sealing Butz, president and CEO of Line Striping & Signage Alvin H. Butz, Inc. n

Owners, Developers & Managers Spotlight Architects/Engineers

www.marejournal.com

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 13A

Bayhealth Medical Center’s Phase 2 Clinical Pavilion wins Best Interior Design 2012 Award

EwingCole & WTW Architects team up to design new 269,000 s/f Keystone Commons building

P

H I L A D E L P H I A , PA — EwingCole in a joint venture with WTW Architects, has been selected by East Stroudsburg University (ESU) to design the new Keystone Commons building.

According to ESU’s 2010 Campus Facilities Master Plan, it was determined that the Center for Hospitality, the University Center, the Computing Center and the Kemp Library were inefficient buildings in need of extensive renovations to accommodate the needs of an increasing student population. In lieu of investing in these aging buildings, ESU determined it was more practical to bring these programs together in a new Keystone Commons.

“Trending on higher education campuses across the country is the design of facilities that collocate previously separated student activities,” said Chuck

Bayhealth Medical Center Rudalavage, AIA, LEED AP, principal of EwingCole’s Higher Education Practice. “The fusing of these four programs into

a centrally-located Commons is a tremendous opportunity to change the face of student life on the Campus.”

In order to maintain continuous operations, the 269,000 s/f Keystone Commons is being constructed in two phases. The first phase is approximately 162,000 s/f and expected to be complete by 2015. The building is being designed to achieve LEED Silver certification and will include digitally interactive spaces for group projects, an art gallery and the University’s campus-wide data center.

PHILADELPHIA, PA — EwingCole announced that Bayhealth Medical Center’s Phase 2 Clinical Pavilion is the recipient of The Best Interior Design 2012 Award, given by the International Interior Design Association (IIDA), PA, NJ & DE Chapter.

“The new Pavilion is an integral part of the firm’s master plan for the Dover campus,” said Howard Skoke, EwingCole’s project principal. “We are delighted that

our ongoing work for Bayhealth has been honored by our professional peers.”

The awards were announced at a ceremony in the Arts Ballroom on the evening of June 21. In bestowing the award, the judges commented, “With fresh and innovative forms, this Bayhealth project creates a dynamic comfort level for both patient and staff. The project has an organic and fluid design that is exciting and innovative for a healthcare facility. It pushes the design envelope forward with an almost Stanley Kubrick-like vision of modern interior spaces.”

The Phase 2 Clinical Pavilion is part of an ongoing master plan expansion of the Kent Campus, located in Dover, DE. The 391,000 s/f project connects to existing facilities and is also designed as a base for a future 7-story patient tower. n

Bernardon Haber Holloway Architects and Dansko team to leave another green footprint on the environment West Grove, PA — Dansko’s one true goal is to leave the world a better place than they found it…one shoe at a time. Their new distribution center located in West Grove, Chester County furthers the company’s mission to minimize its impact on the environment when conducting its business in the United States and throughout the world.

“Dansko” literally translated is Danish shoe. Designed by Bernardon Haber Holloway Architects of Kennett Square, PA, Dansko’s new distribution center is designed to underscore Dansko’s passion for promoting environmentally responsible living and in literally minimizing Dansko’s footprint on earth.

Dansko’s new distribution center is 205,000 s/f and is situated on a 16-acre site that given its size and location is characterized as a combination of previously developed and undeveloped.

The project is registered with the U.S. Green Building Council with the goal of

796 Warehouse achieving LEED Silver Certification, and is scheduled for construction completion

in November 2012.

The 796 Warehouse is a single-story, high-bay struc-

ture that will provide for receiving, storage, and distribution of shoes and gar-

ments.

The buildings that existed on the site were not suitable for use in conjunction with the distribution center; therefore, these buildings were carefully dismantled and repurposed by contractors specializing in the reuse and resale of building structures.

Other demolition waste was diverted from landfills by a combination of recycling and reuse onsite as structural fill. Utilities that previously serviced the property will be reused where applicable. The building design incorporates a high performing building envelope that utilizes structural precast concrete panels to provide superior and long-lasting performance as a weather barrier, thermal envelope and perimeter support column.

Dansko is a founding member of B Corp, an organization of more than 300 for-profit companies in more than 50 industries that have passed rigorous social and environmental standards that measure corporate good. n

14A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

Architects/Engineers

By Glenn Ebersole, P.E., Hollenbach Construction, Inc.

Five major strategic reasons why a Design-Build Project Delivery System is chosen

W

e hear the term “Integrated Project Delivery “used in the construction world today. And in my opinion, “DesignBuild” is the original and stands as the most Glenn Ebersole consistently successful form of integrated project delivery for construction endeavors.

History indicates that Design-Build has been used successfully on all types of

construction projects. Construction projects have been

30 years experience with Design-Build, here are five (5)

thinking response to owner demands for increased qual-

And in my opinion, “Design-Build” is the original and stands as the most consistently successful form of integrated project delivery for construction endeavors. History indicates that Design-Build has been used successfully on all types of construction projects. completed in many different countries, large and small in scope, horizontal and vertical and simple and complex in their design and construction.

Reflecting upon more than

major strategic reasons that I believe are why owners and design and construction professionals choose a Design-Build Project Delivery System: 1. It provides a strategic

ity and a continuous improvement commitment to the delivery system and the actual final project product.

There is a greater focus on quality control and quality assurance through the con-

tinuous involvement of the entire design/construction team throughout the project.

And project innovations can be uniquely developed by integrating the skills of the designer and contractor.

2. It saves time and money through the use of a strategic thinking process for developing the budget, schedule and constructability of the project from the initiation of the project. Early contractor involvement enables: construction engineering considerations to be incorporated into the design phase and enhances the constructability of the engineered project plans; fast-tracking of the design and construction portions of the project; concurrent design and construction phases for different segments of the project; the ability to get continuous cost updates using construction costs from current projects and communication efficiencies and integration between design, construction engineering, and construction team members throughout the project schedule.

3. It provides a strategic approach to avoiding or certainly minimizing the probability of adversarial relationships and potential legal issues. Fewer change and extra work orders result from more complete field data and earlier identification and elimination of design errors or omissions that might otherwise show up during the construction phase.

4. It provides a strategic thinking response to demands for risk management.

It provides a reduced potential for claims and litigation after project completion as issues are resolved by the members of the design-build team.

5. It provides a strategic thinking approach to provide the ultimate level of flexibility through a truly integrated team that is able to take on very challenging and complex building projects.

Glenn Ebersole is Director of Strategic Business Development and a member of the Strategic Leadership Team at Hollenbach Construction, Inc. in Boyertown, PA. n

www.marejournal.com

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 15A

Architects/Engineers During the National American Institute of Architects (AIA) Convention

JRS Architect, P.C.’s Sorrenti elected bursar to AIA College of Fellows executive committee

W

ashington, DC — During the National American Institute of Architects (AIA) Convention held this May in Washington, D.C., John R. Sorrenti, FAIA of G l a d s t o n e , John Sorrenti NJ was elected by acclamation to serve as bursar on the 20132014 College of Fellows (COF) executive committee. Sorrenti is founder and president of JRS Architect, P.C. one of the nation’s top architectural design firms. As bursar Sorrenti assumes responsibility for all the financial affairs of the College. This marks the first time since the College’s found-

High earns professional engineer license Pottstown, PA — David High, project engineer for Bursich Associates, has earned his Professional Engineer (P.E.) license. The P.E. is a professional license issued through the Commonwealth of Pennsylvania. He initially obtained the Engineer in Training (E.I.T.) designation, which is a prerequisite to the P.E. High’s responsibilities at Bursich include civil engineering design, plan review, and construction observation for municipal, public and private clients. He prepares plans, reports, and applications for various local, state, and federal permits, and coordinates with clients, contractors, and utilities.

High’s experience includes over six years of design work on projects for both public and private clients, ranging from single-lot subdivisions to large commercial land developments.

He has more than four years of experience conducting plan reviews and observing construction activities for municipal clients related to various codes and ordinances for subdivision and land development and sanitary sewer installation and testing. High has more than three years of experience in design of roadway, drainage, and traffic control for PennDOT sanctioned highway/bridge projects, some of which are federally funded. n

ing in 1952 that a Bursar has been elected from Somerset County.

The AIA is comprised of over 85,000 members and bestowing the recognition of Fellowship is an honor reserved for those members who have made significant contributions to the architectural profession.

There are only 2,700 members in this select group. To be elected Bursar to the College is a rare and singular honor. Mr. Sorrenti will serve as bursar for 2 years, be elevated to vice chancellor in 2015, then finally to Chancellor in 2016. He will

be the 55th Chancellor of the College since its inception.

The Fellows of the American Institute of Architecture (FAIA) is today international in its outreach and when Sorrenti assumes the mantle of chancellor he will lead the College’s mission of mentorship, promoting the profession of architecture and community and enhancing the profession on a global scale. “I am indeed humbled by the trust the College has bestowed on me for the coming years, and will work hard to accomplish my goals for carrying out the

Mission of the Fellows,” said Sorrenti.

Throughout the course of his career John Sorrenti has contributed generously of his time and expertise to further the enhancement of the architectural profession. Some of his roles have included president of the NY State AIA and Vice President of the National AIA. Currently John serves as National Chair of the AIA College of Fellows Regional Representatives. Appointed Chair of the NY State Education Board of Architecture he is also Director on the

National Board for NCARB (National Council of Architectural Registration Boards).

John has also served on the National Architectural Accrediting Board (NAAB) committee for college accreditation programs; has performed reviews of his peers for the American Council of Engineering Companies (ACEC) and is a Commissioner on the Town of North Hempstead’s Historic Landmarks Preservation Commission. In 2008, John received a Lifetime Achievement Award from AIA Long Island Chapter. n

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16A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

Architects/Engineers

By Cathie Daly, Design East Inc.

T

Design inspired rental renovation projects

oday’s rental market, nance. Research has proven ning and the right team. driven by younger that rental retention is key, prospects, is accelerat- along with your ability to Renovate Your Approach: ing the value capture a wider range of new #1 Design Inspired of interior prospects.

Every community is differdesign and Consult with an experi- ent and each offers a variety architecenced designer and suc- of amenities. Brainstorming tural trends cessfully transition your and developing new design, to the forerenovation. Due to the cur- marketing strategies, and front when rent economy, people now possibilities with an experesearching more than ever are choosing rienced design/construction a new apartapartment living with all of consultant, prior to considCathie Daly ment. the benefits of a maintenance ering any renovation, can To maximize future rental free lifestyle. An investment greatly impact your renovamomentum, it is essential to renovate dated existing tion roadmap for success! to properly plan ahead and communities is the right budget for future updates decision and costs can be con#2 Advanced Planning DE_AAGP-Ad w/NJAA logoMay2012:Layout 1 5/3/12 6:35 PM Page 1 versus only periodic mainte- trolled with the right planRegardless of the level of

your community, the benefit to partnering with a design consultant during the preliminary discovery process of any renovation is to research the best approach to maximize the project with a “distinctive appeal”. #3 Lobby and Common Area Updates Your ability to thrive in the midst of today’s market and competition in order to maintain full rental potential is your key to success.

Understanding how to phase out the old with a more time-

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less design will enable you to merge the new with the old. #4 Community Center Updates Research tells us that Generation Y prefers a more impressive club room versus paying for a larger apartment unit enabling them greater socializing potential and an exceptional cornerstone to the community.

Today’s community center trends consist of intimate outdoor spaces with a trellis and fire pit, bright fitness centers with multiple flat screen televisions and individual docking stations to allow for individual listening experience. Consider stylish great rooms with functional spaces such as gaming rooms with Wi-Fi to hold small business meetings or to socialize, as well as permanent smaller seating areas, and a bistro or café bar. #5 She-Economy vs. Man Cave Look to the new majority of buyers and renters when it comes to designing, selling, and marketing. During the pre-renovation stage take into consideration that this target market is growing and determine how you can be better prepared.

Consider the “she-economy” who are seeking a certain lifestyle environment that includes upgrading closets with shelving systems, up dated kitchens with storage, sleek baths, security, fitness center, and pleasing curb appeal. Research has told us that a large number of male prospects seek help to qualify what community to live in by getting the advice of a female friend.

On the other hand, the “Man Cave” is a performance driven environment for all of his large and numerous electronic toys.

Advance your community’s position by exploring all of the options and costs providing yourself and your prospects a greater perspective.

Catherine Daly, president and founder, along with her experienced and dedicated team of design professionals are known for their integrity and results driven approach to project management and design implementation. n

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 17A

www.marejournal.com

Architects/Engineers John C. Bartlett, Jr. Hall recognized for Sustainable Design

H

A S B R O U C K HEIGHTS, NJ — The AIA New Jersey Committee on the Environment (AIANJ COTE) recently presented DMR Architects with the 2012 AIA-NJ COTE Top 10 Lloyd Rosenberg Green Projects Merit Award for DMR’s work on John C. Bartlett, Jr. Hall at Ocean County College.

John C. Bartlett, Jr. Hall is a LEED Silver Certified Building located on the College’s main campus in Toms River, N.J. The academic building, completed in 2009, provides classrooms, computer labs, faculty offices, and meeting spaces for the College, which has a steady 7% annual increase in enrollment.

The modern academic space doubles as a teaching tool for the College’s more than 10,000 students, faculty and staff, and nearly 100 monthly visitors. Permanent educational signage throughout the building highlights sustainable aspects, which include car charging stations, rooftop solar modules, high efficiency windows, and recycled, locally manufactured materials. In addition, the College utilizes the building to host children’s camps that provide Ecological Environment and Arts courses.

“It is an honor for DMR to be recognized with this award.

Providing professional services for superior, sustainable buildings, particularly in the higher education sector, are a priority of our firm,” Lloyd Rosenberg, AIA, president and CEO said. “We are proud to have successfully created a space that will benefit the entire Ocean County College community.”

The 2012 AIA-NJ COTE Top 10 Green Projects Merit Award honors exceptional, sustainable design projects.

The award acknowledges not only the benefits of sustainable design, but also the influence of architects in addressing these issues.

K u r t Vi e r h e i l i g , A I A , LEED AP and Pradeep Kapoor, LEED AP, accepted the award on behalf of DMR Architects at the East Coast Green conference. n

AIA-NJ honors DMR Architects with Merit Award

John C. Bartlett, Jr. Hall at Ocean County College

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18A— July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 19A

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Nave Newell Celebrates 20 Years in Business

N

ave Newell proudly announces twenty successful years of business. In 1992, Greg Newell established the firm on the foundation of listening to and understanding clients, developing long term relationships and providing extraordinary customer service; while along the way, attracting and mentoring other professionals ready to live up to the same standards. Twenty years later, Greg’s philosophy has remained the same; strive for the extraordinary as both a standard in design and service to clients. Many employees have been with Nave Newell for well over a decade and continue the same tradition.

Nave Newell is a full-service civil engineering, land planning, landscape architecture and surveying firm. Our highly skilled professionals have earned a reputation as industry leaders who work closely with our clients to make their ideas a reality. We specialize in land development design and approvals throughout Pennsylvania, New Jersey, Delaware and Maryland from our office in King of Prussia, PA. We understand what’s most important to our clients. After all it’s really about quickly and efficiently getting to the finish line – whether it’s to lease the space, sell the house or close the deal. From the beginning,

we are with you at every step to identify accurate costs and issues, develop realistic sketches and seamless technical plans and guide you through the process, all the way to your ultimate goal.

At Nave Newell, we have a passion for excellence and a sense of mission to achieve your

goals. Our staff closely collaborates with the entire team. You can depend on us to provide the highest quality work, proactive project management and open communication while always keeping your end goals in mind.

We know time is money. That’s why you need a firm with the know-how, enthusiasm, rela-

tionships and experience to make your project go quickly and smoothly.

In 2012, we have been fortunate to see all of our hard work over the last few years pay off with a very successful first half. In the past twelve months we’ve completed construction on the $150 million

Valley Forge Casino Resort, Bryn Mawr Acme and Citizens Bank and started working on the 140,000 s/f expansion at the King of Prussia Mall as well as multiple Patient First Care Centers and an apartment community for Brandywine Realty Trust. Nave Newell is proud to continue

its seventeen year relationship working with Wawa. The increased workload has allowed us to hire 5 new people and reinstitute our internship and co-op programs.

We strongly believe that our success is a two way street and that giving back is an important part of our firm’s development. Nave Newell’s history of supporting the communities in which we live, work and play goes back to our beginning.

Devereux, Alex’s Lemonade Stand and Melmark are just a few of the foundations we proudly support throughout the year. Nave Newell has also established a Giving Back program in which we actively seek out community service opportunities for our staff to easily participate.

For twenty years, Nave Newell has strived to provide the extraordinary. We thank all of our clients, staff and business associates who have made us a success and we look forward to another twenty years of long lasting relationships.

In conjunction with the 20th anniversary, Nave Newell has refreshed our brand which features a new logo and redesigned website. The new website is scheduled to launch at the end of July 2012. Stay tuned to www.navenewell.com.

We invite you to experience our passion and success and see why clients come back again and again. n

Mid Atlantic Real Estate Journal would like to congratulate Nave Newell for 20 years of success!

To feature your company, development or project contact: Elanie Fanning: (800) 584-1062 ext. 212 efanning@maejournal.com

CONGRATULATIONS TO OUR FRIENDS AT NAVE NEWELL FOR 20 YEARS OF SUCCESSFUL BUSINESS!

The Mid Atlantic Real Estate Journal is celebrating our 10 Year Anniversary!

The Mid Atlantic Real Estate Journal is celebrating ten years in print!

We know that the success of our business today has been built upon our valuable relationship with YOU – and we’d like to thank our loyal advertisers and readers.

Ten years is just the beginning.

We’re looking forward to tomorrow.

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20A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

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Green Buildings NJPA Mid Atlantic Real Estate Journal — Green Buildings — July 27 - August 16, 2012 — 21A

www.marejournal.com

Madox will feature 131 rental homes

Fields Development Group prepares to open Jersey City’s first green residential building

J

ersey CitY, NJ — Leasing will open this fall for Madox, a new rental community that is on schedule to earn the first LEED certification for a residential building in Jersey City.

Construction is nearing completion at the eco-friendly, seven-story building, with initial occupancy scheduled for October 2012, according to developer Fields Development Group.

Madox will feature a collection of studio, one- and twobedroom residences and a host of upscale amenities including considerable landscaped outdoor space, as well as 4,000 s/f of ground-floor retail space.

The new building, which is designed for LEED Silver Certification (Leadership in Environmental and Energy Design), is being built in accordance with U.S. Green Building Council guidelines for developing high-performance, sustainable buildings which incorporate responsible site development, energy efficient design and sustainable materials to create environmentally-sensitive

Madox urban living environments.

Madox will also boast a 100% smoke-free environment, a unique lifestyle feature that is one of the first of its kind in New Jersey and a rarity in the New York Metropolitan marketplace.

“Now more than ever, residents are conscious of their surrounding environment and have shown an increased desire to live in buildings which are energy efficient, sustainable

and LEED Certified,” said James Caulfield, Jr., a principal of Hoboken-based Fields Development Group. “Madox will offer a unique blend of artistic living and common spaces, exciting indoor and outdoor amenities and responsible development practices that will inspire people to set down roots here.”

LEED points are achieved throughout the planning and development process. Once

complete, the USGBC (US Green Building Council) reviews the documentation and renders a certificate of completion and grants the level of certification, in this case goal of a Silver Rating.

Green elements being incorporated into Madox include a PV Solar Array and vegetation on the roof, electric car charging stations, and systems to reduce water consumption by over 45% and energy consumption by 14%. The building will also be under contract for at least two years to provide 35% of its electricity from renewable sources.

The residences at Madox will offer from 480 to 1,312 s/f of luxury living space, along with a considerable array of highend amenities and finishes.

Found throughout the homes will be custom hardwood floors, 9 foot ceilings, washer/dryer in every home, and master baths with custom vanities and tile.

Gourmet kitchens will feature custom 42” cabinetry, Caesarstone countertops, tile floor and backsplash, and designer lighting and fixtures.

Residents of Madox will also appreciate the building’s location within the quaint Paulus Hook neighborhood that is widely considered the most desirable area in downtown Jersey City. Striking a perfect balance of a quiet residential setting with an active urban village, Paulus Hook boasts charming tree-lined streets dotted with historic brownstones and an eclectic array of local shops and restaurants. Several waterfront marinas border the neighborhood, while nearby Liberty State Park offers a green oasis for active and passive recreation, including miles of walking, biking and jogging paths, endless open space and spectacular views of the Manhattan skyline, Statue of Liberty and Ellis Island.

“The location and proximity to Manhattan are fantastic,” said Caulfield. “PATH Trains and high speed ferry service to New York City are just a few blocks away, while the Light Rail conveniently takes riders through popular Gold Coast destinations such as Jersey City and Hoboken.” n

Green Roof Technology & Realen Properties designs green roof system for Philadelphia Convention Center parking facility Philadelphia, PA — According to Green Roof Technology, Philadelphia has one of the most progressive green roof programs in the country. Their support for green roofs is based on an aggressive stormwater management plan to hold all run off on site. Beginning late this fall, The Philadelphia Convention Center Parking Facility will open utilizing an architectural marvel featuring a combined blue roof and green roof system designed

by Green Roof Technology and Realen Properties.

Green roofs and blue roofs are both great for capturing stormwater onsite. Green roofs retain water by acting

Philadelphia Convention Center

like a giant sponge while blue roofs hold the water on the roof similar to a rooftop swimming pool. Blue roofs may hold more water than green roofs during intense storm events, however the standing water can create stress on the building and breed mosquitoes and bacteria.

The green roof on The Convention Center Parking Facility combines the best of both these technologies. The green roof has an extra deep profile affording higher water storage capacity. In addition to the added growing media, a specially designed insert for the roof drains holds water up to a couple of inches

within the lower layers of the growing media. When a 100 year storm event occurs this insert has an overflow mechanism allowing the roof to drain freely once the max saturation level has been reached.

The green roof will be visible from the Philadelphia Convention Center and accordingly will feature an eye catching seasonal display of color through a mixture of native ever greens, grasses, and perennials. Crocus, and daffodils burst with color in the spring providing seasonal interest. In the fall and winter months scarlet mahonia and evergreen ferns add to the festive decor. n

22A — July 27 - August 16, 2012 — Green Buildings — Mid

Atlantic Real Estate Journal

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Green Buildings DEP expedites cleanup of contaminated site

River Drive & First Evergreen partner to remediate in NJ

M

ontvale, NJ — The remediation by River Drive Construction and First Evergreen Properties of a contaminated property in Montvale has demonstrated the value of New Jersey’s new Joseph Langan Licensed Site Remediation Professional Program, whose aim is to protect the public health and generate opportunities for redevelopment by expediting environmental cleanups.

Under the new system, highly qualified environmental consultants called Licensed Site Remediation Professionals, or LSRPs, carry out site remediation work under strict standards established by the NJ Department of Environmental Protection (DEP). The program was established in an effort to overhaul the state’s site remediation system, which had proven to be cumbersome and inefficient, according to the DEP. Because the Montvale property, located at 10 Craig Road, had historically been used as an apple orchard, the site was contaminated with pesticides. The environmental

clean-up, which involved the removal and recycling of 700 tons of contaminated soil, was expedited through the LSRP Program, with the result that a clean-up that formerly might have required a lengthy wait took fewer than six months to complete.

“We’re thrilled that River Drive has been able to return an underutilized property to productive use, which demonstrates the success of the LSRP program in speeding up cleanups,” said Joseph Langan, president of River Drive.

“By allowing us to complete the cleanup more quickly, the program has also helped the common good by lowering the risk to public health and to the environment.”

The LSRP program, which was established under the Site Remediation Reform Act of 2009, has been phased in over the past three years, with full implementation having taken place in May. The program allows the DEP to focus its resources on sites with the highest potential risk to human health and the environment by shifting the task of remediating the remaining sites to the LSRP Program.

“We are excited to have partnered on this project with River Drive Construction,” said Lee

Goldmeier, principal and founding member of First Evergreen.

“The project was completed in less than six months and at 15 percent below budget. In addition to being a benefit to public health, this project also benefits the economy: returning the property to productive use creates jobs and contributes to local tax revenues.”

According to the DEP, New Jersey has nearly 15,000 contaminated sites that need to be cleaned up, about 9,000 of which are eligible for the LSRP program. The remaining sites include residential underground heating oil tank cases that are exempted under the act, cases that require long-term monitoring, federally led cleanups and DEP publicly funded cases. About 1,200 cases have been closed since the start of the program.

“With qualified LSRPs directing cleanups, New Jersey will be able to greatly increase the pace of remediation, with a concomitant reduction in the number of contaminated sites,” said Langan. “The property at 10 Craig Road is one of many examples of the effectiveness of this new program at streamlining cleanups.”

The LSRP for the project was provided through Atlantic Environmental Solutions. n

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Mid Atlantic Real Estate Journal — Green Buildings — July 27 - August 16, 2012 — 23A

www.marejournal.com

Green BuildinGs Efforts of Cassidy Turley, Colony Realty Partners & tenants

371 Hoes Ln. receives Energy Star Certifi cation

P

isCAtAWAy, NJ — Cassidy turley announced that 371 Hoes Ln., a 139,184 s/f, three-story, class A building in Piscataway has earned the U.s. environmental Protection Agency’s energy star recognition, the national symbol for superior energy efficiency and environmental protection. the ownership is now pursuing LeeD certification for the site.

Cassidy turley Associate vice president Harold Campbell, rPA, sMA, said that the energy star certification was achieved due to the combined efforts of the Cassidy turley property management, sustainability services/energy management and brokerage services teams, along with the property’s owner, Colony realty Partners, and tenants.

“We were interested in improving the financial performance of the building, while also being aware of our social responsibility as managers,” said Campbell.

“We took an aggressive approach by making sure all the existing engineering controls were set and running at exactly the levels they should be at all times.”

Campbell noted that they were able to secure the ranking by adhering to energy-saving principles and aggressive maintenance efforts.

“We verified that everything in the building was working according to specifications,” he added.

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371 Hoes Lane “Although we thoroughly check our building envelope to ensure there is no significant loss of rvalue, at the end of the day, our results were a function of optimizing the engineering controls we have in place. this proves that you don’t have to spend a lot to save a lot. Going forward we’ll continue to thoughtfully monitor and update our building data in the energy star database so that we can see the effects of our operational efforts.” the site is 10 minutes from both the New Jersey tpke and Garden state Parkway. its corporate neighbors include Johnson & Johnson, Hapag Lloyd, telecordia and American standard. energy use in commercial buildings accounts for nearly 20% of

U.s. greenhouse gas emissions, at a cost of more than $100 billion per year. Commercial buildings that earn ePA’s energy star must perform in the top 25% of similar buildings nationwide and must be independently verified by a licensed professional engineer or a registered architect. energy star certified buildings use an average of 35% less energy and are responsible for 35% less carbon dioxide emissions than typical buildings.

371 Hoes Lane is now included on the energy star registry, which documents buildings that are leaders in energy efficiency.

Fifteen types of commercial buildings can earn the energy star, including office buildings, K-12 schools and retail stores. n

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24A — July 27 - August 16, 2012 — Green Buildings — Mid

Atlantic Real Estate Journal

www.marejournal.com

Green Buildings In the Office Building category

E

Three Mack-Cali properties receive Boma New Jersey’s Energy Reduction Awards

dison, NJ — MackCali Realty Corporation announced that Mack-Cali Bridgewater I, 721 Route 202/206 in Bridgewater; 8 Campus Drive, Mack-Cali Business Campus in Parsippany; and 10 Mountainview Road in Upper Saddle River have all received energy reduction awards in the Office Building category from the New Jersey Chapter of the Building Owners and Managers Association (“BOMA”).

The focus of the energy efficiency plans at the properties was to continually seek out

menting building improvements to reduce overall energy consumption.

Mitchell Hersh, Mack-Cali president and chief executive officer, said, “These awards

are excellent demonstrations of our continuing commitment to upholding the highest standards for the management of Mack-Cali’s office properties.” n

Emory Hill’s Larson & Moretti earn Green Associate credential Mack-Cali Bridgewater I solutions to allow for more cupants. The plans included efficient energy usage while employee training, monthly providing safe, comfortable tracking and analysis of buildenvironments for building oc- ing energy use, and imple-

NEW CASTLE, DE — Emory Hill & Company announces that Lew Larson of Emory Hill & Company (construction) and Alan Moretti of Emory Hill Real Estate Services, Inc. (property management) have earned the

Lew Larson Alan Moretti credential of “LEED Green Associate.” To earn the credential, Larson and Moretti passed the LEED Green Associate exam given by the GBCI (Green Building Certification Institute).

Larson is a project manager for the construction division and has more than 35 years of experience in the industry. Moretti joined Emory Hill in 2011 as a commercial property manager.

He has several years of experience in property management and was formerly with Jones Lang LaSalle in New York. n

Three Hollenbach employees achieve Lead Certified Renovator status Boyertown, PA — Hollenbach Construction, Inc. announced that three employees achieved the status of Lead Certified Renovator from the EPA-Certified National Center for Healthy Housing.

EPA regulations indicate that firms performing renovation, repair and painting projects that disturb leadbased paint in homes, child care facilities, and schools built before 1978 must be certified, individual renovators must be trained by an EPAaccredited training provider, and the firms and renovators must follow specific work practices to prevent lead contamination.

Those receiving the certifications are president Tim Little, project manager Bernie Anton and project superintendent Gary Miller. n

www.marejournal.com

Mid Atlantic Real Estate Journal — Green Buildings — July 27 - August 16, 2012 — 25A

Green Buildings The only commercial real estate services provider among the honorees

W

DC Mayor Gray presents Cassidy Turley with 2012 Mayor’s Sustainability Award

ASHINGTON, DC — Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it was recognized by Washington, DC Mayor Vincent C. Gray as a 2012 Mayor’s Sustainability Award winner for demonstrating outstanding achievements and leadership in sustainable practices. Mayor Gray presented the awards to 10 individuals, businesses and civic organizations in a ceremony last night at House of Sweden. The Mayor was joined by Congresswoman Eleanor Holmes Norton, Ambassador Jonas Hafstrom of Sweden, U.S. EPA Regional Administrator Shawn Garvin, Christophe A.G. Tulou, director of the District Department of the Environment (DDOE), and numerous community and environmental leaders.

Wendy Rieger of NBC4 served as Mistress of Ceremonies.

“Cassidy Turley is dedicated to integrating sustainable initiatives into every aspect of our services, from property management and agency leasing to tenant representation,” commented Evan Tyroler, vice president of Sustainability Services with Cassidy Turley. “We would like to thank Mayor Gray for recognizing us as committed leaders in the local community,” he continued.

Since 2009, the Mayor ’s Sustainability Awards (previously the Mayor’s Environmental Excellence Awards) have been awarded through a competitive selection process.

This year’s winners represent a range of innovative approaches to improve the lives of residents, the quality of our environment, and access to healthy and affordable food

Silton joins MGKF as an associate PHILADELPHIA, PA — Manko, Gold, Katcher & Fox, LLP (MGKF), the environmental, energy and land use law and litigation firm based in Bala Cynwyd, PA, announced that Andrew “Drew” Silton joined the firm as an associate effective June 11. Silton joins a team of 27 attorneys, two technical consultants, and two paralegals, where he will focus his practice on regulatory compliance and environmental litigation. n

Shown from left: Michael Alexander, sustainability project manager, Cassidy Turley; Nicole Snarski, sustainability project coordinator, Cassidy Turley; Washington, DC Mayor Vincent Gray; Christophe A.G. Tulou, director of the DDOE; Evan Tyroler, vice president of sustainability services, Cassidy Turley

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and housing. Cassidy Turley was the only commercial real estate services provider among the honorees.

“Tonight’s winners are dedicated to improving our city’s environment, communities, and economy. Our ongoing effort to plan for a Sustainable DC for today and generations to come will build on the innovation, determination, and leadership we see among these dedicated members of our community,” stated Mayor Gray. “I thank them for their contributions and look forward to working with them to spread sustainable

best practices to businesses, institutions, and neighborhoods across this great city.”

The 2012 Awardees represent a diverse range of programs and business that support the Mayor’s Vision for a Sustainable DC and its ambitious goals for jobs, health, built environment, climate, energy, food, nature, transportation, waste, water, and the green economy.

Summaries and case studies on each award winner becomes a part of an online library of best practices in the District, which is posted on DDOE’s website. n

26A — July 27 - August 16, 2012 — Green Buildings — Mid

Atlantic Real Estate Journal

www.marejournal.com

Green Buildings Crowd of over 70 people join the ribbon-cutting ceremony

Fiber-optic rotary joint manufacturer Princetel celebrates newly ‘green’ renovated facility

H

AMILTON, NJ — A little over two years ago, when Princetel, a fiber-optic rotary joint manufacturer, was looking to relocate its headquarters, it was attracted to Hamilton by its centralized location, large labor pool and the building’s location in the heart of the township’s designated Art and Culture district.

However, with those attractions came a fair share of obstacles, said Barry Zhang, CEO of Princetel, at a recent ribbon-cutting ceremony that marked the overcoming of those obstacles through the celebration of Princetel’s com-

A recent ribbon-cutting ceremony at Princetel, a fiber-optic rotary joint manufacturer in Hamilton, NJ which celebrated its newly ‘green’ renovated facility and rooftop solar system

mitment to art, manufacturing and sustainability, a theme that was emblazoned on a banner that hung above the speakers as they cut the ceremonial ribbon.

“Given all the challenges, we were undaunted,” said Zhang to the crowd of over 70 people, including employees, project partners, local politicians, and dignitaries. “We were determined to achieve our lofty goals.”

Hamilton Mayor John Bencivengo, N.J. Assemblyman Daniel Benson, N.J. Senator Linda Greenstein and Jamie Hahn, co-founder and managing director of Solis Partners

also spoke at the event.

The latest achievement and a major focus of the event was Princetel’s rooftop solar photovoltaic (PV) system, which was designed, engineered and constructed by Manasquan, N.J.based Solis Partners, a leading commercial solar integrator in New Jersey. Solis Partners has demonstrated a strong track with installing commercial solar PV systems throughout the state.

“Solis Partners is pleased to have helped Princetel set their environmental bar even higher by incorporating another environmentally responsible practice into their day-to-day operation here in Hamilton,” said Hahn, who addressed the crowd. “Princetel’s commitment to optimizing clean energy generation and resource efficiency is an important testament to their initiatives and strategies to protect the environment and reduce their carbon footprint.”

The system was designed to cover 100 percent of Princetel’s electricity needs, and according to Zhang, the solar energy produced in May was four times the amount consumed. “That’s because the building was only half occupied, but it’s clear that our system is more efficient than anticipated and is performing well, to say the least,” he added. Princetel eventually plans to occupy the entire facility.

The system consists of 932 solar panels, which are expected to produce approximately 223,182 kilowatt-hours of electricity in the first year of operation. This equates to the reduction of more than 339,284 pounds of CO2 emissions, which is the equivalent of offsetting the power demand of 19 residential homes or removing 30 cars from the road each year.

Another green initiative, which was also celebrated at the event, included a major site remediation during which soil from the 3.2-acre brown field property was removed and replaced, including the soil from underneath the building.

As a result of these green initiatives, Princetel is seeking Leader in Energy and Environmental Design or LEED “Gold” accreditation, a recognition awarded by the U.S. Green Building Council for the design, construction and operation of high performance green buildings. n

Mid Atlantic Real Estate Journal — Green Buildings — July 27 - August 16, 2012 — 27A

www.marejournal.com

Green BuildinGs Celebrating sustainability improvements in existing buildings

Urban Green Council announced winners for EBie Awards given in six categories

N

eW yOrK, Ny — Urban Green Council recently announced the finalists for the upcoming eBie Awards ™, a new nationwide juried competition that celebrates sustainability improvements in existing Buildings (eBies), and the people who made them happen. the winners were announced at an Oscars-style awards show held on June 28 at the Hard rock Café in times square.

With buildings accounting for more than 1/3 of the nation’s greenhouse gas emissions, and 85% of the buildings expected to be in use in 2030 already standing, there is a tremendous need to retrofit existing buildings for improved efficiency and sustainability. the eBies, sponsored by Carrier, a part of UtC Climate, Controls & security, recognizes “unsung heroes” who have made great strides in improving environmental performance but whose accomplishments may otherwise go unheralded – not just building owners, but building managers and operators, auditors, commissioning agents, lighting designers, plumbing engineers and others. Unlike other awards, the eBies are based on measurable improvements in performance. “retrofitting a new building may not be as sexy as building a new one, but making our existing buildings more sustainable is the only way we’re going to make a real dent in our carbon footprint,” said russell Unger, executive director of Urban Green Council. “the building manager at your office or the super in your apartment building could very well be doing great work that saves resources and money. these are the people and projects we will be honoring at the eBies.” “transforming our built environment is a central part of our sustainability program, PlaNyC, and it’s why we have adopted some of the most ambitious green building codes in the country,” said New york City Mayor Michael r. Bloomberg. “With the opportunity to host the eBie Awards – and celebrate the nomination of New york City’s own green buildings – we recognize the significant impact efficiency measures will have on our future, including lower greenhouse gas emissions, energy costs and building waste.”

67 total entries were received and have been narrowed down to 14 finalist projects. Finalists were selected by an all-star panel of distinguished jurors composed of leaders in real estate, sustainability, finance, architecture, academia and government.

“We were blown away by the quality of entrants. Many reduced energy use by more than 50%, and some hardly spent any money getting there,” said ron Auriana, a member of the jury and Director of Global Facilities & Design at Bloomberg. “it’s clear that retrofitting existing buildings is good for the

environment and the bottom line. We need to get the word out about these vital projects and heroes.”

Awards will be given in six eBie categories: tHe ALL-rOUNDer: this award recognizes the most improved building across two or more sustainability categories.

Addressing more categories improves the project’s chances of winning. Categories that can be included are: energy, water, waste management, materials use, indoor environmental quality, tenant engagement, other. tHe sMOOtH OPerAtOr/

ALL reVVeD UP AND reADy tO GO: this award (combined from two categories) recognizes the most improved building across two or more sustainability categories achieved solely through improved operations, maintenance or through retrocommissioning exercises. tHe reFOrMeD DriNKer/tAKe Me tO tHe riVer (combined from two categories): this award recognizes the building with the greatest achievement in reducing potable water usage. tHe reFOrMeD GAs GUZZLer: this award recognizes the building with the highest

percentage of energy savings. sHiNe A LiGHt ON Me: this award recognizes the best lighting retrofit, as measured in energy performance, productivity enhancement and good design.

VerDANt BrAiNiAC: this award recognizes the most innovative green renovation project, particularly one that overcame significant barriers (cost, institutional, technological) in a manner that is scalable. the eBie Awards are sponsored by Carrier; Greensource is the media sponsor for the event. n

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28A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

Greening Our Schools Letter from the Executive Director

BOARD OF DIRECTORS CHAIR Anastasia Harrison, AIA, LEED AP Gensler VICE CHAIR Wayne D. DeFeo, LEED AP DeFeo Associates TREASURER Ed Seliga Advanced Solar Products, Inc. SECRETARY RJ Donnelly, LEED AP Donnelly Industries, Inc. PAST CHAIR William Amann, P.E., DCEP, LEED AP M & E Engineers, Inc DIRECTORS David Cardella Cardella Waste Services Zach Gallagher, P.E., LEED AP Alliance Environmental, LLC Bill Gates, LEED AP BD&C Hunt Construction Anthony Marano Marano Group, Inc. Brad Miller, P.E., P.P. NJ Meadowlands Comission 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 Ed Walsh, P.E. The Walsh Company Gregg Woodruff, PP, AICP, LEED AP, BD&C Langan Engineering & Environmental Services, Inc. EXECUTIVE DIRECTOR Florence Block LEED Green Associate GENERAL COUNSEL Harry E. McLellan, Esq, LEED Green Associate McLellan & Associates, LLC CHAPTER COORDINATOR Mary Ellen Garrigus COMMUNICATIONS & MEMBERSHIP COORDINATOR Medea Villere’

www.usgbcnj.org

Dear Friends and Colleagues, US Green Building Council New Jersey Chapter is a core partner in the groundbreaking NJ Sustainable Schools Consortium. The goal of the Consortium is “creating healthier schools at lower costs.” The NJ Sustainable Schools Consortium is aligned with the US Department of Education’s Green Ribbon Schools (GRS) initiative, and goes far beyond GRS as well. USGBC NJ brings to the Consortium valuable expertise and focused training, and provides access to a network of motivated professionals.

The Sustainable Schools Consortium dovetails perfectly with USGBC National’s Center for Green Schools, whose mission is: green schools for everyone within this generation.

In fact, the Consortium helps puts New Jersey at the forefront of greening our schools in the US. According to the USGBC Center for Green Schools, “By promoting the design and construction of new green schools and by greening existing schools, we can make a FLORENCE BLOCK tremendous impact on student health, school operational costs and the environment.”

Furthermore, green schools do not have to be new schools. There are approximately 133,000 schools across the country. As the economy forces school districts to slow or even halt capital improvement plans, many are focusing on what can be done to improve the efficiency and environmental quality of existing facilities. As with new green construction, implementing green strategies into existing school buildings can be cost effective.

On Sept. 29, 2012, the Center for Green Schools at the USGBC will host the first ever Green Apple Day of Service. For one day, advocates from across the country and around the world will come together in support of healthy, sustainable schools by taking real action in their communities. From South Africa to Canada, Korea to Brazil, every school can be better served by our commitment on this day. Visit http://mygreenapple.org/greenapple.aspx for more information on how to get involved.

USGBC NJ is thrilled to be working toward green schools on so many different fronts and we hope that you and your organizations will consider participating in your respective districts.

Please feel free to contact me with any questions or additional information.

Sincerely, Florence Block Executive Director USGBC NJ

Chapter Events 8/23/12 – USGBC NJ 5th Annual Summer Social at Jenkinson’s, Point Pleasant Beach, NJ 10/11/12 – USGBC NJ 10th Anniversary Gala and Awards Dinner, Revel, Atlantic City, NJ

For details on all USGBC-NJ events, visit www.usgbcNJ.org

Number of New Jersey chapter members:

1146

Number of USGBC member Companies in NJ:

301

Number of LEED Accredited Professionals in NJ:

3189

Number of LEED registered projects in NJ:

401

Number of LEED certified projects in NJ:

172

29A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

New Jersey Apartment Association www.njaa.com What are some of your property’s biggest maintenance challenges?

A leaky faucet in 103? A non-flushing toilet in 219? Maybe a

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CAMT is the only Apartment Maintenance program to be nationally accredited by the American National Standards Institute (ANSI), a private nonprofit organization that administers and coordinates the U.S. Voluntary standardization and conformity assessment system. The National Apartment Association Education Institute (NAAEI) offers “blended learning”, integrating online coursework with in-classroom study and is a combination of NonTechnical and Technical courses, specifically designed for apartment maintenance professionals to meet the needs of today’s apartment residents.

All modules for NJAA’s 2012 CAMT will be held at NJAA Headquarters in Monroe Township, unless otherwise noted. The CAMT discounted series fee for all 10 modules is $800 for members ($200 Savings) and $1,000 for non-members. For each CAMT module fee the cost is $100 for NJAA members and $150 for non-members. A continental breakfast and lunch for both days is included.

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30A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

WWW.IREM.ORG

Atlantic Real Estate Journal

www.marejournal.com

Institute of Real Estate Management

2012 OFFICERS NEW JERSEY CHAPTER NO.1 PRESIDENT LAWRENCE N. SAUER, CPM TAYLOR MANAGEMENT CO., AMO VICE PRESIDENT MICHAEL FRIED, CPM BOSTON PROPERTIES

The Institute of Real Estate Management – The Leader in Real Estate Management Education Earn the Designation that makes a difference Become a Certified Property Manager (CPM®)

TREASURER JONATHAN HOFF, CPM PRISM PROPERTY SERVICES, LLC, AMO SECRETARY MARK PHILLIPS, CPM PHILLIPS ASSET MANAGEMENT CO., INC.

DELAWARE VALLEY CHAPTER NO. 3 PRESIDENT MICHAEL J. CARR, CPM WELLS FARGO WEALTH MANAGEMENT PRESIDENT-ELECT INGO S. KRAUS, CPM CITIZENS BANK VICE PRESIDENT JERRY NEILL, CPM CB RICHARD ELLIS CO., AMO VICE PRESIDENT ANNE-MARIE NIKLAUS, CPM MADISON APARTMENT GROUP VICE PRESIDENT JODY DIMPSEY, CPM JLD MANAGEMENT GROUP VICE PRESIDENT STEPHANIE BURG-BROWN, CPM BSA MANAGEMENT CORP., LLC SECRETARY/TREASURER RICHARD SKOCZYLAS, CPM AIMCO

SOUTHERN NEW JERSEY CHAPTER NO. 101 PRESIDENT SANDRA E. CIPOLLONE, CPM INTERSTATE REALTY MANAGEMENT CO., AMO VICE PRESIDENT PATRICIA BALDT, CPM CANDIDATE WESTGATE MANAGEMENT CO., INC. VICE PRESIDENT MARIA AVERY, CPM CANDIDATE MANHATTAN MANAGEMENT CO. SECRETARY/TREASURER DIANE WERSLER, CPM CANDIDATE INTERSTATE REALTY MANAGEMENT CO., AMO

Affiliate with IREM® the Industry Leader Achieve instant recognition and high credibility Take advantage of world-wide networking opportunities Command a higher earning potential Position yourself for career advancement

CPM® designation is for individual real estate and asset managers working with large portfolios of all property types – residential, commercial, retail and industrial.

For more information on IREM® Credentialed Programs contact: IREM® New Jersey Chapter No. 1 serving Central & Northern New Jersey (856) 303-0190 or www.IREM1.org IREM® Delaware Valley Chapter No. 3 serving Pennsylvania & Delaware (856) 786-9260 or www.IREM3.org IREM® Southern New Jersey Chapter No. 101 serving all Southern New Jersey (856) 829-8939 or www.IREM101.org

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 31A

www.marejournal.com

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32A — July 27 - August 16, 2012 — Owners, Developers & Managers — Mid

Atlantic Real Estate Journal

www.marejournal.com

Associated Builders and Contractors www.abcdelaware.com ABC Delaware Chapter ABC’s Delaware Day on Capitol Hill Twenty-five ABC Delaware members joined staff on Capitol Hill July 10 to meet with the Delaware delegation as part of ABC National’s Legislative Conference. The group met with Congressman John Carney, Senator Chris Coons and Senator Tom Carper, and discussions with the centered around the need for regulatory reform, EPA lead piping, OSHA safety enforcement, the Keystone pipeline, implementation of the Affordable Care Act, the need for new tax policies to help businesses, and consumer credit for capital purchases.

Scenes from Delaware Day in DC

ABC Delaware members meeting with Congressman John Carney.

The youngest member of the ABC delegation, Matthew Fasic, son of board member Kevin Fasic, posing with Congressman Carney.

Senator Chris Coons greets ABC members and then discusses the concerns surrounding the Supreme Court decision on the Afforadable Healthcare Act.

ABC Delaware members get Senator Tom Carper’s take on what’s going to happen next with healthcare.

Heat-related illness prevention These days, successful industries work stringently to stay OSHA compliant, and the majority of companies have effective safety programs in place that have proven to be beneficial to both the company and their employees. But, sometimes even the most effective safety program will overlook critical areas such how to handle seasonal issues such as heat related illnesses. Many safety concerns workers face will occur due to heat related illnesses or worker fatigue, two factors commonly seen throughout industry, especially this time of year.

Typically, occupations that place employees in routine hot environments find themselves subject to heat related problems more often than those with less severe duties.

In environments where an employee is continually subjected to extreme temperatures, that individual is more likely to experience a reduction in work performance or possibly encounter bodily reactions related to heat related. Heat Related Illnesses takes a toll on workers.

Prevention Habits • Body Hydration (Water, and electrolyte products i.e. Gatorade) • Diet • Wear loose lightweight clothing • Wear hats and other clothing that will protect you from damaging UV exposure • Apply sunscreen to protect against skin burns • Use personal protective clothing and cooling devices designed to protect against heat and exposure • Take frequent breaks in cool, shaded areas • Make sure workers are acclimated workers to their working conditions. (OSHA recommends 6 days to gradually get used to extreme environments.

Know your employees and their habits. Keep them informed of the dangers associated with heat related illnesses in their workplace. Knowing the danger signs and a thoroughly managed safety program are the keys to safely maintaining heat related illnesses.

Mid Atlantic Real Estate Journal — Owners, Developers & Managers — July 27 - August 16, 2012 — 33A

www.marejournal.com

Associated Builders and Contractors www.abceastpa.org ABC Eastern Pennsylvania Chapter ABC Eastern Pennsylvania Heads to the Hill Health care reform was a hot topic when ABC Eastern Pennsylvania Chapter on June 10 met with members of Congress in Washington, D.C. Nearly 40 ABC member employees also discussed PLA legislation and other issues that impact the construction industry.

“It is refreshing to see how many of our members understand the value of telling our elected members of Congress what is important to enabling us to create jobs and remain successful,” said Jerry Kilhefner (Klover Contracting), chair of the chapter’s legislative committee. “It is vitally important that elected officials hear from you and that they know that you are as passionate ABC Eastern Pennsylvania Chapter members meet about the issues as we demonstrated in D.C.” with Rep. Mike Fitzpatrick in Washington, D.C. During the day on the Hill, ABC met with Rep. Jim Gerlach, Rep. Charlie Dent, Rep. Joe Pitts, Rep. Pat Meehan, Rep. Mike Fitzpatrick and Rep. Lou Barletta as well as staffers for Rep. Allison Schwartz and Sen. Pat Toomey. Legislators and ABC members are invited to two upcoming legislative breakfasts for Delaware and Chester Counties and the Wilkes-Barre/Scranton area. Details for the events are posted at abceastpa.org.

Enrollment Open for ABC’s Award-Winning Craft Training Summer is in full swing but it’s time to start thinking about back to school and your company’s commitment to training and education.

Enrollment is now open for ABC Eastern Pennsylvania Chapter’s registered apprentice and craft training programs.

ABC’s programs are fully accredited by the U.S. Department of Labor, the Pennsylvania Apprenticeship and Training Council, and the National Center for Construction Education and Research. The award-winning program features daytime training at the ABC Training Center in Harleysville. Students attend class one day a week for a total of 20 days per year. They receive a number of certifications while in the program including an OSHA card, an NCCER transcript, and, if registered with the PA Apprenticeship Council, a journeyperson’s certification. The journeyperson certification is regularly required for local licensing requirements.

ABC currently offers training in electrical, plumbing/pipefitting, carpentry, masonry, sheet metal and sprinklerfitting and also offers concrete, electronic systems technician, HVAC, solar panel certification, roofing and painting courses. The training features an exceptional amount of hands-on projects.

Classes for the 2012-2013 school year begin the week of Sept. 10. If you have not visited the ABC Training Center in Harleysville please call Bill Henry at 610-573-8524 today to learn more and schedule a tour.

Construction Industry Organization

7 out of 10 construction projects are standing on something stronger than concrete or steel.

They’re standing on a concept called merit construction. This means both merit and union craftspeople work side-by-side.

Contractors are chosen on merit, those who offer the best skills get the jobs. Being open to new ideas like multi-skills work teams, new technology and advanced construction techniques, merit contractors are able to construct high-quality buildings that are highly cost-efficient. Merit contractors bring highly skilled jobs with competitive wages to our community. Today, 4 out of 5 people in construction are employed by merit contractors. If you are planning a construction project, find out more about merit contractors. We don’t just construct better buildings. We build a stronger economy and a better quality of life for this community.

MERIT CONTRACTORS. BUILDING A BETTER LIFE. Ed Capodanno ABC Delaware 302-328-1111 ecapodanno@abcdelaware.com www.abcdelaware.com

Mary Tebeau ABC Eastern Pennsylvania Chapter 610-279-6666 mtebeau@abceastpa.org www.abceastpa.org

Attention ABC Members!!!

If you would like to submit articles or news 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

34A — July 27 - August 16, 2012 — Mid

Atlantic Real Estate Journal

www.marejournal.com

People on the Move Expands management role and grows profile

Cronheim Mortgage promotes David Turley to principal

C

hatham, NJ — Cronheim Mortgage promoted David Turley to principal of the firm in acknowledgement of his expanded management role and growing profile in the industry.

Turley joined Cron- David Turley heim in 2000 as a real estate analyst and advanced to vice president and then director as he moved from a production support role to production leader. Turley’s accomplishments include involvement in over $2.5 billion in real estate

capital transactions including $750 million of direct production. He has executed transactions in 19 states with over 40 capital providers. Turley is also practice leader for the firm’s hospitality finance platform, which has underwritten and closed 29 hotel transactions since 2004.

Cronheim CEO, Andrew Stewart, said Turley’s long tenure with the firm. “I’m very proud of David and everything he has accomplished over the past 12 years. He’s one of our industry’s most talented, hardworking and high-character professionals, and I look forward to watching him become a major force in the real estate finance industry.”

Stewart added: “We have been fortunate to attract and retain top-tier talent like David and our other colleagues. This has been an essential ingredient of our continuing evolution into one of the region’s most successful mortgage banking platforms.”

Turley pointed to Cronheim’s team-based approach.

“Cronheim has a uniquely collaborative culture,” he noted.

“I’ve been fortunate to work closely with some amazingly talented people, notably Anna Westhoff and Janet Proscia, who are a large part of my success. We share a commitment to going the extra mile to earn and keep our clients’ trust.” n

Russo Development appoints Christopher H. Minks as assistant general counsel CARLSTADT, NJ — Russo Development recently appointed Christopher H. Minks, Esq. as assistant general counsel. Minks joins the legal team with eighteen years of experience in commercial Christopher Minks transactions, land use and real estate development. Most recently an equity partner with the law firm of Winne, Banta, Hetherington, Basralian & Kahn, P.C., he has represented some of the nation’s largest and most prolific retailers, regional developers, and lending institutions and will add his expertise and perspective to Russo’s executive team.

Chris also brings extensive experience appearing before Municipal, County and State

Planning and Zoning Boards and will additionally enhance Russo’s entitlement capabilities.

“Chris comes to us from one of the most highly esteemed law firms in Bergen County,” stated Richard Berger, senior vice president and General Counsel, Russo Development, “His depth of knowledge, community participation and caliber of work will be a huge asset to Russo Development going forward.”

Prior to joining Winne Banta, Minks was a key member of the Commercial Real Estate Development and Finance team at Cole, Schotz, Meisel, Forman & Leonard, P.A. as a senior associate, successfully recapturing and securing interest from non-performing properties and improving clients’ loan portfolios through national sales of distressed properties. Previously Minks

gained legal experience with Chasan Leyner & Lamparello, P.C., Hurley & Vasios, P.A. and the Honorable Peter. E. Doyne, A.J.S.C. Minks is a graduate of New York University, where he earned his Bachelor of Arts degree in Economics and Sociology, and a graduate of the University of New Hampshire Law School, formerly known as Franklin Pierce Law, where he earned his Juris Doctor in 1993. Chris is admitted to the New Jersey State Bar, the United States District Court for the District of New Jersey, and the United States Court of Appeals, Fourth Circuit. He is a member of the American Bar Association, the New Jersey Bar Association, the Bergen County Bar Association, the International Council of Shopping Centers (ICSC) and the Mountainside Board of Education. n

Weichert Commercial Brokerage selected among NJ’s top brokerage firms by Costar Group for 10th consecutive year MORRIS PLAINS, NJ — The CoStar Group has selected Weichert Commercial Brokerage in its annual list of top brokerage firms for its performance in 2011, marking the tenth consecutive year that Weichert Commercial has received such top industry honors.

The CoStar Group has selected Weichert Commercial among the northern New Jersey Market’s 2011 Top Brokerage Firms. In order

to be selected for this honor, Weichert Commercial was measured against all commercial real estate brokerage firms active in its region and subsequently ranked based on the total of leasing transactions completed in 2011.

“We are very pleased to be selected as one of the top brokerage firms by CoStar for the tenth consecutive year,” said John G. Udell, president of Weichert Commercial. “Receiving this honor year after

year is a true testament to our team’s commitment towards providing unparalleled service to our clients in this competitive market.”

Weichert Commercial Brokerage, Inc. is a commercial brokerage company with offices throughout New Jersey and Pennsylvania.

During the past eight years NJ Biz Magazine has ranked Weichert Commercial in the top commercial real estate companies in NJ. n

Audit Senior Manager

Reznick Group’s Griffis completes leadership program B a lt i m o r e , M D — Reznick Group, a CPA firm, announced that Tricia Griffis, an audit senior manager in the firm’s Baltimore office, has graduated from Leadership Frederick County, a nine month leadership program offered by the Frederick County Chamber of Commerce.

Leadership Frederick County participants explore emerging local issues and elements of community leadership.

This year’s 40 participants will be prepared to assume leadership roles in Frederick County’s civic, business, and governmental organizations.

The program has given Griffis a greater understanding of the many facets of business in her community, and she will incorporate this expanded knowledge in her work at Reznick Group – a firm known for its

depth of expertise in a variety of industries, including real estate, renewable energy, nonprofits, and government.

Griffis joined Reznick Group as an associate in 2000. She provides audit services to a wide range of local and national clients within real estate, state and local government and nonprofits. Through her leadership and achievement, Griffis hopes to inspire others at Reznick Group.

“I am grateful to have been given the opportunity to expand my knowledge of community issues and leadership development,” said Griffis.

“I am excited to use what I learned through Leadership Frederick County to become an even better leader within Reznick Group and in the Frederick County community.” n

Naiop New Jersey Community Action Project benefits community food bank NEW BRUNSWICK/HILLSIDE, NJ — As the economy’s recovery remains slow, and because New Jersey’s food banks often experience a drop in donations in the warm weather months, NAIOP New Jersey for the third straight year teamed with the Community Food Bank (CFB) of New Jersey to conduct a food drive and volunteer day.

In 2011, NAIOP New Jersey members assisted the CFB by contributing more than 1,000 pounds of food, plus substantial cash donations through collections at their respective offices, at association events

and through a Virtual Food Drive. Many of the volunteers brought donations with them on volunteer day as well.

NAIOP New Jersey members conducted food collections at their places of business and monetary donations. NAIOP NJ volunteers will spent the day at the Food Bank in Hillside on July 13th.

The 2012 Food Drive is NAIOP New Jersey’s latest effort in a long tradition of community service, with a longstanding goal of helping to make the state’s communities better places in which to live and work. n

KBE Building Corp. donates $25,000 to Hood College Endowment Fund Frederick, MD — KBE Building Corporation (KBE) has established an endowment fund that will partially support a head tennis coach position at Hood College.

KBE will donate $25,000 over five years to the KBE Tennis Coach Endowment Fund.

The firm has had a long history with the college, and recently completed the second phase of Hood’s $20 million campus-wide upgrade to its facilities. This summer KBE will begin the construction of six new tennis courts and renovations to the college’s Huntsinger Aquatic Center.

The project is scheduled for completion in late August.

“We have a long-standing corporate policy of giving back to the communities in which we work,” said Mike Kolakowski, KBE’s president and CEO and a principal owner of the firm. “In the past, we’ve supported the Frederick Food Bank in recognition of our relationship with Hood, and now our team is very excited to be involved in this endowment—it’s an enduring legacy of which everyone is proud.”

“We are grateful for KBE’s commitment to this campus and community,” said Hood president Ronald J. Volpe.

“This endowment will support us in our efforts to continually support our recreational, intramural and student athletic programs.” n

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AUGUST 14 – CREW LEHIGH VALLEY Event: Easton Update – Canal Ride Time: 5:15 PM – 8:15 PM Location: Hugh Moore Park Pavilion in Easton Cost: $35 Members $50 Guests www.crewlehighvalley.org

JULY 31 – CREW PITTSBURGH Event: Pittsburgh Buildings Going Green-Awards & Future Challenges Time: 11:30 AM – 1:30 PM Location: Rivers Club Address/City: One Oxford Center, Pittsburgh, PA Cost: $45 Members $65 Nonmembers P: 412-731-7725 E: admin@crewpittsburgh.org www.crewpittsburgh.org

AUGUST 17 – NAIOP PITTSBURGH Event: 9 Hole Golf Outing Time: 2:00 PM Location: Mount Lebanon Golf Course Address/City: 1000 Pine Ave., Pittsburgh, PA Cost: Individual Golfer $55/Foursome $200 www.naioppittsburgh.com

JULY 31 – NAIOP NJ Event: Energy Efficiencies in Commercial & Industrial Buildings Time: 11:30 AM – 1:30 PM Location: Newport Tower Address/City: 525 Washington Blvd., Jersey City, NJ Cost: Free www.naiopnj.org JULY 31 – SIOR PHILADELPHIA Event: Annual Business Meeting Location: Iron Hill Brewery & Restaurant Address/City: Lancaster, PA www.siorphila.com AUGUST 1 – SIOR NJ Event: Member/Sponsor Summer Social Time: 5:30 PM – 8:00 PM Location: Long Valley Brew Pub Address/City: Long Valley, NJ www.siornj.com AUGUST 2 – IREM NJ Event: IREM Young Professionals Gold Clinic & Cocktails Time: 6:00 PM – 9:00 PM Location: Twin Brooks Country Club Address/City: 600 Mountain blvd, Watchung, NJ P: 856-303-0190 www.irem1.org AUGUST 6 – BOMA NJ Event: 28th Annual Golf Outing Location: Fiddlers Elbow Country Club Address/City: 811 Rattlesnake Bridge Rd., Bedminster, NJ P: 973-696-2914 www.bomanj.com AUGUST 7 – CREW LEHIGH VALLEY Event: Coffee & Crew Time: 8:00 AM – 9:00 AM Location: Wegmans in Bethlehem Address/City: 5000 Wegmans Dr., 2nd Fl., Bethlehem, PA www.crewlehighvalley.org AUGUST 13 – CIANJ Event: 44th Annual Golf Outing Time: 10:00 AM – 8:00 PM Location: Upper Montclair Country Club Address/City: 177 Hepburn Rd., Clifton, NJ P: 201-368-2100 E: nharencak@cianj.org www.cianj.org

AUGUST 23 – USGBC NJ Event: 5th Annual Summer Social Time: 11:00 AM - 9:00 PM Location: Jenkinson’s North Bar & Grill Address/City: Broadway & Ocean Ave, Point Pleasant Beach, NJ Cost: $45 Members $55 Nonmembers www.usgbcnj.org SEPTEMBER 4 – IREM Event: Annual Golf Outing Time: 10:30 AM – 7:30 PM Location: The Ace Club Address/City: Ridge Pike & Manor Rd., Lafayette Hill, PA P: 856-786-9260 www.irem3.org SEPTEMBER 6 – BOMA PITTSBURGH Event: BOMA Lunch Time: 11:30 AM Location: William Penn Hotel Address/City: 530 William Penn Pl., Pittsburgh, PA Cost: $30 P: 412-261-2328 E: bomabarb@aol.com www.bomapittsburg.org SEPTEMBER 10 – NJAA Event: Annual Golf Outing Time: 10:30 AM Location: Fiddler’s Elbow Country Club Address/City: Bedminster, NJ E: damaris@njaa.com www.njaa.com SEPTEMBER 10-11 – ICSC Event: VRN Fall Outlet Leasing & Marketing Convention Location: Sheraton Meadowlands Hotel & Convention Address/City: 2 Meadowlands Pl., E. Rutherford, NJ Cost: $315 Members $415 Nonmembers www.icsc.org SEPTEMBER 10-12 – ICSC Event: PA/NJ/DE Idea Exchange Location: Atlantic City Convention Center Address/City: One Convention Blvd., Atlantic City, NJ Cost: $270 Members $485 Nonmembers www.icsc.org SEPTEMBER 11 – IREM NJ Event: Heritage Night Location: The Palace at Somerset Park Address/City: Somerset, NJ P: 856-303-0190 www.irem1.org

SEPTEMBER 12 – CIRC DE Event: Monthly Membership Meeting Time: 11:30 AM – 1:30 PM Location: Clarion Hotel – The Belle Address/City: 1620 N. DuPont Hwy., New Castle, DE Cost: $30 Members $40 Nonmembers P: 302-633-1705 E: janet@circdelaware.org www.circdelaware.org SEPTEMBER 12 – NJAA Event: Socializing Your Community Time: 8:30 AM – 12:00 PM Cost: Members Free/$75 Nonmembers P: 732-992-0600 E: Jaclyn@njaa.com www.njaa.com SEPTEMBER 12 – NJBIA Event: How to Market Your Business (HM12) Location: Pines Manor Address: 2085 Route 27, Edison, NJ Cost: $79 Members $129 Nonmembers P: 609-393-7707 ext. 239 www.njbia.org SEPTEMBER 14 – ABC EAST PA Event: WB-Scranton Legislative Breakfast Time: 9:00 AM Location: Mountain Laurel Resort P: 610-279-6666 E: info@eastpa.org www.abceastpa.org SEPTEMBER 18 – SIOR PHILADELPHIA Event: Industrial Property Summit Location: Hershey Country Club Address/City: Hershey, PA E: siorpropertysummit@gmail.com www.siorphila.com SEPTEMBER 20 – CORENET NJ Event: Economic Impact of NJ Sports Facilities Time: 3:00 PM – 8:00 PM Location: 5 ADP Drive, Roseland, NJ Cost: 35 Members $50 Nonmembers P: 973-992-6773 www.corenetnj.org SEPTEMBER 20 – IFMA DE Event: 2012 IFMA Delaware Golf Outing Time: 12:00 PM – 7:00 PM Location: Deerfield Golf & Tennis Club Address/City: 507 Thompson Station Rd., Newark, DE www.ifmadelaware.org SEPTEMBER 24 – NAIOP NJ Event: Golf Classic Time: 10:00 AM Location: Trump National Golf Club Address/City: 900 Lamington Rd., Bedminster, NJ P: 732-729-9900 www.naiopnj.org SEPTEMBER 27 – NNJ AI Event: Residential Green Seminar Time: 5:30 PM – 8:30 PM Location: Paris Inn Address/City: Wayne, NJ Cost: $50 P: 201-796-1171 www.nnjchapter-ai.org

Mid Atlantic Real Estate Journal — July 27 - August 16, 2012 — inside Back Cover A

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B Inside Cover — July 27 - August 16, 2012 — Brokerage Directory —

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Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 1B

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Two Tower Bridge One Fayette Street - Suite 125 Conshohocken, PA 19428 Ph: 610.772.2000 | Fax: 610.260.0804

One Commerce Center 1201 North Orange Street - Suite 782 Wilmington, DE 19801 Ph: 302.655.9621 | Fax: 302.655.9662

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2B — July 27 - August 16, 2012 — Brokerage Directory — Mid

Atlantic Real Estate Journal

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Brokerage Directory

By Miles Berger, The Berger Organization

W

Office market continues to fuel Newark, New Jersey’s Rebound

hile it has not fully regained its prerecession strength, the job market continues to gain momentum in New Jersey, as elsewhere, and that trend is impacting office leasing in Newark, New Jersey’s largest city. Activ- Miles Berger ity has continued to pick up through the first half of 2012, with more companies requesting space showings, expressing serious interest, and signing

leases. We expect that trend to continue for the remainder of the year. one clear trend that has emerged is that more companies have been moving from the suburbs into Newark, as illustrated by several projects being launched in the city’s downtown, bringing growth in daytime population volume that has not been seen in the city in decades. The list of projects includes the new U.s. headquarters for Panasonic, which Matrix Development Group and sJP Properties are developing at one riverfront Center. When completed, ap-

proximately 1,000 Panasonic employees will come to Newark on a daily basis – parking, working and eating here.

Also, Prudential Financial has announced plans for a new office tower on Broad street to house 2,000 employees. Just as important as job growth, it is a project that will turn a site that had been abandoned for more than three decades into a thriving commercial asset and tax ratable for Newark.

Beyond those major projects, recent tenant signings have been a varied, eclectic mix that demonstrates Newark’s increasing diversification and vitality.

The Berger Organization Leading the way in Newark, New Jersey Providing premier office space in Newark’s finest business districts.

Serving the business community for over 35 years.

our Military Park Building (60 Park Place) clearly illustrates that trend, this spring reaching full occupancy with the signing of online commercial radio station WNJr-Newark.com, an expansion by somerset Christian College, and renewals by the education Law Center and the New Jersey Institute for social Justice.

Another example is our 200,000 s/f 570 Broad street, which this fall will see the opening of a new charter high school – Newark Prep. The groundbreaking school will occupy four floors totaling 60,000 s/f.

The demands of Newark’s

growing daytime population, plus the strong traffic generated by the city’s well-known entertainment and sports venues including Prudential Center and NJPAC, and Newark’s close proximity and accessibility to New York’s tourism attractions have combined to provide a major boost for service industries. There have been an increasing number of restaurant openings, and Newark’s hospitality market has heated up. our Best Western robert Treat hotel, for example, has seen a significant jump in occupancy, and smith Travel research reports that average occupancies have increased across the board. Further, Courtyard by Marriott broke ground earlier this year for a 150-room hotel—the first new hotel in downtown Newark in four decades—and Indigo hotel has announced a boutique 100room property just two blocks away from the Marriott.

Newark is gaining other amenities as well. For example, a multi-million-dollar rehabilitation of Military Park is underway. headed by Daniel Biederman, who designed the city’s beautiful Bryant Park 30 years ago, the project includes a rehabilitation of the restaurant kiosk, new plantings, structural changes to the walking paths, mobile furniture, free continued on page B

Brokerage Directory 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

MAREjournal.com

Military Park Building

Robert Treat Center

For more information contact: Brendan Berger at: 973-623-3300 • brendan@bergerorg.com

Berger Organization www.bergerorg.com

570 Broad

Fireman’s Insurance Company Building

Section Publishers Linda Christman lchristman@marejournal.com Michael Campisi mcampisi@marejournal.com Elaine Fanning efanning@marejournal.com

Section Editor Karen Vachon kjoy@marejournal.com

Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 3B

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Brokerage Directory

By Edd connor, NAI Emory Hill

DE activity increases across all product lines: NAI Emory Hill business grows as a result

N

eW CAsTLe, De — Much like the tortoise in the legendary race with the hare, commercial real estate brokerage in the Mid-Atlantic region is now progressing slowly but Edd Connor surely, but it still takes harder, smarter, more consistent and diligent effort according to NAI emory hill’s senior broker edd Connor.

And the increase in activity of late is “across all product types,” more so than it has been in the past year. “We’re seeing deals being done not only in the office and multi-family real estate categories, but also in special purpose, medical office, even industrial and retail,” said Connor.

NAI emory hill is “cautiously optimistic” that this slow but steady growth will continue in Delaware according to Connor.

“Landlords are willing to make deals and tenants are starting to be willing to commit and buyers that were on the sidelines before are coming to the forefront with sellers willing to sell. The whole picture is coming together but we have to keep working hard at making it happen.”

NAI Global chief economist Dr. Peter Linneman recently provided his insights into the economy’s effects on the commercial real estate market, saying the Mid-Atlantic region is reflective of the nation’s economy and capital markets, which are still in uncharted waters but gradually improving. “Commercial real estate investors are in a window of opportunity right now,” he said. “entrepreneurial investors should be seeking what everybody else doesn’t want. They are looking for the upside.” however, they are still remaining cautious, not leveraging or accumulating debt as heavily as they did before the recession, and seeking longterm transactions. one positive sign of all of this is that NAI emory hill just opened a new, second location in Lewes, De earlier this month to better serve the downstate area and already it has closed several retail transactions.

Connor also points to a variety of transactions that have been closed within the past few months by the NAI emory hill

brokerage team that illustrate this “across the board” growth: • A new Middletown sports Complex recently opened at 938 Middletown-Warwick Dr. (Us rt. 301) in Middletown in the former Bob Wagner’s Flooring showroom, leasing 22,000 s/f of flex space.

• The 225-year-old Wilmington Library recently leased space for a temporary location during renovation on the third floor of the one Customs house Bldg. at 704 N. King st. NAI emory hill’s steve Dobraniecki represented the library in the 22,700 s/f lease.

• Woodfield Apartments in Wilmington was sold to Trinity Communities, LLC. The 135 apartment unit building at 4641 Patrician Blvd., formerly known as Patrician Terrace, sold for $6.29 million. NAI emory hill principal Neil Kilian represented the buyer.

• several transactions have occurred recently at emory hill’s portfolio property, springside Plaza LLC, a medical office complex in Newark, De, including leases to Nationwide Insurance (251 s/f), New Day UsA Financial (4,059 s/f), DeW softech Inc. (957 s/f), College

Bound Coaching (302 s/f) and Capital environment (2,473 s/f). NAI emory hill broker Dave Morrison is the listing broker for springside Plaza, which has 30,000 s/f of office space available as well as two pad sites.

• First state endocrinology, P.A. leased suite 100 of the hampton Bldg. at 1082 Churchmans rd. in Newark to open a second facility for its practice. NAI emory hill’s Jim o’hara, Jr. represented landlord hampton Point Corp. in the lease of 2,096 s/f. The building’s remaining 9,904 s/f

of space is still available near Christiana Care hospital just off rt. 7 and I-95.

• Long-time De accounting firm Wheeler, Wolfenden, Dwares CPAs renewed its lease at 4550 New Linden hill rd., suite 201 off Limestone rd.in Pike Creek. NAI emory hill represented the landlord in the $1 million lease transaction of 8,215 s/f.

• At the Airport Business Ctr. several recent deals include a 5,000 s/f lease to the Chimes group of De on Quigley Blvd. and a 29,000 s/f lease on Blevins Dr. n

We’re All Over It. LEASED: CHIMES of DE leased 5,000 SF at the Airport Business Center, 122-140 Quigley Blvd. in New Castle, DE

Still Available: Up to +/- 25,000 SF for lease Contact: Edd Connor

LEASED: Physician’s Practice First State Endocrinology, P.A. leased Suite 100 at 1082 Churchmans Rd., Newark DE for 2nd location

Still Available: Up to +/- 9,904 SF for lease near Christiana Care Hospital - Contact Jim O’Hara Jr.

LEASED: 5 New Tenants

incl. Capital Environment, Nationwide Insurance at Springside Plaza, Newark, DE

Still Available: Up to +/- 30,000 SF for lease in 3 bldgs. - Contact Dave Morrison

)NTRODUCING /UR .EW "ROKER "RITTANY $ANAHY AND OUR .EW /FÚCE IN ,EWES $%

Commercial Brokerage, Construction, Property Management, Maintenance & Residential Sales 10 Corporate Circle, Suite 100, New Castle DE phone 302.322.9500 18335 Coastal Highway, Lewes, DE phone: 302.827.4940 www.emoryhill.com

B — July 27 - August 16, 2012 — Brokerage Directory — Mid

Atlantic Real Estate Journal

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Brokerage Directory Indicators point to cautious optimism

V

Wcre: South Jersey office market shows positive signs during second quarter

oorhees, NJ — Several commercial real estate market indicators pointed in the right direction in Southern New Jersey during the second quarter, leading to cautious Jason Wolf optimism, according to a report this week

by Wolf Commercial Real Estate. The positive signs include increased deal activity and construction, interest rates remaining near historic lows,

and a new crop of landlords investing in improvements to attract or retain tenants.

However the market, though improving, is not yet thriving.

“In general the market is active, but this year’s presidential election and the European financial crisis will continue to influence business decisions, which could impact the timing of real estate decisions,” said Jason Wolf, founder and principal of WCRE. “Improvement in the real estate market will still hinge on whether more jobs can be added locally and nationally,” he added.

According to the report, there were more than 450,000 s/f in renewals and new lease transactions in Southern New Jersey during the quarter, with renewals comprising most of the transactions. Other highlights from the report: • Average rental rates have increased for two quarters in a row, and are now higher than they were at this point in 2011.

The overall market average is $11.00/sf, NNN with class A and B product trading in the range of $10-$14.00/sf, NNN. • Positive absorption for the quarter was in the range of 125,000 s/f of new deals and/or

expansions.

• Moorestown, Marlton and Mount Laurel are showing strength, while a large share of the region’s vacancies is in Voorhees, Pennsauken, and the west side of Cherry Hill.

• Though vacancy is at nearly 20 percent, the market has stabilized.

• Both the financial and mortgage services and healthcare sectors continue to be very active, with companies like TRG, PHH, and others expanding rapidly in the area, and the Cooper, Lourdes, and Virtua health systems procuring highly visible sites along

major traffic corridors.

“Construction, absorption, and the lending climate are all positive signs that herald not only job growth, but the fact that companies are showing the confidence to expand, invest, and relocate to this region,” Wolf added. n

Colliers Int’l. arranges $13m sale for Hartz Mountain Hanover, NJ — Colliers International has arranged the sale of 110 Algonquin Parkway in Hanover for $13.0 million or ±$114 psf for Hartz Mountain Industries. Colliers International also procured the buyer Griffin Capital.

110 Algonquin Parkway is an 114,265 s/f “class A” industrial property and is leased to General Electric Aviation Systems.

“Both buyer and seller must be commended for their hard work in closing this sale, which included a protracted loan assumption,” said Jeffery Oram an executive managing director of Colliers International’s Investment Services Group who, along with Jonathan Ortiz an associate director with Colliers International, represented both the buyer and the seller in the transaction.

“Hartz is always a reluctant seller – especially of a great asset with a solid tenant,” said Emanuel Stern, president and COO for Hartz Mountain. “Colliers brought us an opportunity that lets Griffin enjoy the income stream and we can reallocate the capital to something more entrepreneurial.” n

Office market continues to fuel Newark . . . continued from page 2B Wi-Fi, and more.

We believe that over the next decade, Newark will come to be recognized as one of New Jersey’s most exciting urban communities. While we await the anticipated resurgence of residential development, the current uptick in the city’s commercial real estate market, particularly office, will provide the foundation for that accomplishment.

Miles Berger is chairman and chief executive officer of The Berger Organization in Newark, NJ. n

Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — B

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Brokerage Directory

By Lou Oliva, Newmark Grubb Knight Frank

T

The Pittsburgh Industrial Market Picking up momentum

he Pittsburgh Industrial Market continued to perform well during the Second Quarter of 2012 as an additional 950,000 s/f was absorbed bringing the year-to-date Lou Oliva six-month absorption in at just under 1,400,000 s/f. When you consider that the industrial market absorbed 1,200,000 s/f over the entire twelve months of 2011, Pittsburgh is on pace for one of its strongest years since the mid 2000’s!

The overall market-wide vacancy is approaching 8 percent and Class A space is in the 4-5 percent vacancy range. The Northwest submarket is at an all time high with an occupancy rate approaching 96 percent.

While some new construction is nearing completion, for users in excess of 100,000 s/f, the options are very limited with build-to-suit being the most probable outcome for those financially viable users needing space in 2013/2014. For large users in excess of 200,000 s/f, build-to-suit may be the only option depending on location flexibility.

While the market-wide availability is in excess of 9,000,000 s/f, less than 1,500,000 s/f is considered class A with the largest available space at 200,000 s/f. For users able to function in a 22’ clear facility, two larger options remain in the 350,000 s/f to 600,000 s/f range. A significant amount of the remaining vacancy still deals with some level of functional obsolescence.

There have been a significant number of large transactions in 2012. In descending order, here are some of the major industrial transactions: Aquion leased 250,000 s/f at the RIDC Westmorland (former Sony plant) soon after the RIDC/ WCIDA took control of the asset from the Commonwealth of PA; Castle Co-Packers acquired the 220,000 s/f former Chestnut Ridge Bottling facility in Latrobe; Mine Safety Appliances leased 120,000 s/f at the Turnpike Distribution Center in Beaver Cty.; Vision Products/Sampco (70,000 s/f), Hostess Brands (62,000 s/f) and Hose Power (41,000 s/f) all leased space at 460 Nixon

Road in Harmar Township; Global Links acquired the 58,000 s/f former HVL Warehouse in Green Tree; Mattress Firm leased 40,000 s/f in Lawrenceville and Schaedler Yesco Distribution leased 40,000 s/f in O’Hara Township.

The biggest news of the first half of 2012 was the long awaited announcement by Royal Dutch Shell that they had entered into an option agreement to acquire the 300 acre Horsehead Zinc facility in Beaver Cty. along the Ohio River. In addition to the impact of a billion dollar plus construction project, the long term impact of a 80,000 barrel/

day ethane “cracker” plant will drive significant growth from downstream and midstream industrial users. Given all of the investments in infrastructure and land development sites made within the Airport/West Submarket of Allegheny Cty., neighboring counties such as Beaver Cty., Lawrence Cty., Washington Cty. and Butler Cty. should all benefit from its proximity to the cracker plant.

While the Royal Dutch Shell project is still a year or two away, the market is positioning itself to take advantages of the opportunities inherent in such a major project.

With respect to the second half of the year, based on current deals in the pipeline and level of activity, we expect the usually slower third quarter to outpace the third quarter of 2011; but with the election coming in November and the problems surrounding Europe and the slowing growth in China, it is difficult to predict the year-end results. Regardless of your politics, the upcoming preseidential election and eventual outcome should eliminate the uncertainty on issues relating to taxes and healthcare. Hopefully, these resolutions will prompt decisions by business

leaders that will encourage business activity and real estate transactions in 2013.

Financial institutions are still reluctant to finance speculative inventory, despite the strength of the market fundamentals in several submarkets which are nearing minimal vacancy. Only the strongest of our local developers, such as The Buncher Company and The Elmhurst Group have been able to wade through the financial markets to start new projects in 2012.

Again, we believe there is pentup demand from privately held businesses considering new continued on page 8B

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Brokerage Directory Patterns emerge that could set the stage for the rest of the year

CB Richard Ellis: 2012 New Jersey office market report

S

ADDLE BROOK, NJ — While the New Jersey office market is off to a relatively slow start with declining leasing and renewal activity, a few patterns have emerged that could set the stage for the rest of the year, according to CBRE. Through the end of May, there have been only four transactions over 100,000 s/f, down from eight from the same time last year. Total, there were 23 total lease and renewal transactions in properties larger than 100,000 s/f in 2011, but CBRE forecasters

don’t expect the number will be that high for 2012 based on the time needed to complete transactions of this size and the current demand in the New Jersey marketplace. “With over 33 million square feet of office space available, the New Jersey market can accommodate most space requirements. We do see that the market in 2012 is being carried by small-to-mid-size deals in the range of 10,000 to 50,000 square feet,� said Leo Paytas, senior vice president, CBRE New Jersey. “This could mean smaller

companies who have been sitting on the sidelines are now looking to capitalize on new opportunities.

So far this year 54.4% of all transactions 10,000 sq. ft. and greater were completed in the 10,000-20,000 sq. ft. range while 20.2% of the transactions were 40,000 sq. ft. and greater, compared to 49.4% and 27.0% last year at this time respectively.

Through the end of April, the market activity was down, returning to levels not seen since 2009. While the leasing velocity was slightly less

than 2011 and 2010, 4.9% and 12.6% respectively, it was renewal activity that widened the gap between the previous years. The renewal activity in the first four months of the year was considerably

less that the two prior years, although three of the four top deals year to date were renewals. The combined leasing and renewal activity in 2012 were 26.0% less than 2011 and 19.6% less than 2010. n

SSH Real Estate brokers Cozen O’Connor move to One Liberty Place Philadelphia, PA — SSH Real Estate represented Cozen O’Connor in its lease of new space at One Liberty Place.

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One Liberty Place offices to the Center City landmark One Liberty Place, where the firm will occupy nine floors. The firm signed a 17-year lease on July 2 to occupy 200,000 s/f on floors 21 through 28, as well as the 7th floor of the building.

SSH Partner Peter Soens and senior vice president Michael Kennedy served as brokers for Cozen O’Connor while Bill Hirschfeld and Sun Park of Cushman & Wakefield of PA., Inc. served as brokers for Metropolis Investment Holding, Inc., landlord of One Liberty Place. “We are delighted to have helped structure this positive outcome for Cozen O’Connor,�

Soens said. “They had the foresight to get an early start on the process of considering their real estate options. The result is a premier Center City space that suits their current and future needs.� “SSH provided insightful counsel throughout the multiyear process,� said Thomas A. Decker, CEO of Cozen O’Connor. “They really know this market, and their guidance was invaluable on this significant business decision for Cozen O’Connor.� n

Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — B

www.marejournal.com

Brokerage Directory

By Bill Gladstone, Bill Gladstone Group of NAI CIR

Remain optimistic: Bright Spots on the horizon

Y

ou’re kidding: The second quarter fell short? Yes it did. It certainly did not meet the expectations that were set by the first quarter of 2012. At best the second quarter stayed flat, Bill Gladstone maybe retreated a little, which made it much different than the first quarter of this year where there was noticeable improvement from January until at least the beginning of March. So what happened?

Things occurred that were somewhat unanticipated and very much out of our control.

The economy remains sluggish whether due to President Obama’s spending plans, election year politics, or the Euro Zone banking crisis. If you did not realize how tightly our economies are tied together globally, you should now. What happens in Greece and Spain certainly has a way of trickling down to the United States of America and affecting our economy here in the Western Hemisphere. Views established by the World Bank and the EMF now more than ever affect what is happening in this country. As we perform our daily jobs and follow our career paths, how do we watch for example, the unemployment rate rising one-tenth from 6.8% to 6.9%, with an overall lower increase in non-farm jobs of 322,900 in our MJA, a loss of 1,400 jobs for the same time last year?

Or how do we know that the consumer confidence index fell from 71.6 in February to 62 in June as a jittery stock market, lower home values, and worsening European economies overshadowed energy savings at the pump.

That is a very good question, and there is not a very good answer. You can read as much as you would like, you can discuss with others, you can get closer to understanding the source of the information, but all you will do in the end is predict what may or may not happen. There is no absolute, there is no finite, it all depends on the day-to-day activities of the international scene. When there is one Arab uprising after another, when the banking bailouts

for Spain requires a pledge of $24 million Euros, and when a race for the Presidency in the United States is as close as it is, how can you predict what is going to happen? The best you can do is hedge your bet and proceed forward.

People have tried that some have done better than others. In today’s environment sometimes I meet not only with my client, but with their banker. It is not the banker for the commercial loan department but the person with the workout or REO department. And it is not as

though I have never spoken to my client’s attorneys before, but now there seems to be an increase in conversations with their bankruptcy attorney. Are there conversations in which price and terms are negotiated? Yes - and probably always will be. However, right now the negotiations are much more intense as people are very motivated (forced) to sell or lease their buildings at or below market pricing.

Should we remain optimistic or is this reflection on the second quarter a time for pessimism? I do not think we have

a choice. We have to remain optimistic and be encouraged that there are bright spots on the horizon. Although those spots are not as vibrant or as numerous as the first quarter, the light at the end of the tunnel is still there. Maybe that light is just a little hazier, but it is still obtainable. For example, office leasing, industrial leasing (500,000+ square feet) and land development sales are extremely slow.

Triple Net investment sales, medical office purchases, and commercial development of corner lots are still riding the

crest of the wave. Although the third quarter has not yet revealed itself in terms of market expectations one way or the other, we can only hope it will rise and perform as happened in January and February. This is the time when you call on your perseverance, your creativity, and your ability to understand the events of the world and create your own reality. There is no other good choice.

Bill Gladstone is the principal of the Bill Gladstone Group of NAI CIR based in Harrisburg, PA. n

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B — July 27 - August 16, 2012 — Brokerage Directory — Mid

Atlantic Real Estate Journal

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Brokerage Directory Simson and Weiss of Newmark Grubb Knight Frank represents tenant

Cushman & Wakefield handles 87,000 s/f office lease with EisnerAmper

W

OODBRIDGE, NJ — Commercial real estate services firm Cushman & Wakefield, Inc. has arranged an 87,000 s/f lease with EisnerAmper at MetroTop Plaza II, a newly constructed 255,000 s/f class A office building in Woodbridge.

The Cushman & Wakefield team of Paul Giannone, Kevin Carton and Eric Sobel represented the ownership, Atlantic Realty & Development Corp.

EisnerAmper, one of the country’s largest accounting, tax and advisory firms, will

MetroTop Plaza II

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consolidate most of its people from multiple New Jersey offices at MetroTop Plaza II, taking all of the 10-story building’s sixth and seventh floors, and portions of the first and eighth floors for a term of more than 15 years. The firm was represented in the transaction by David Simson and Mark Weiss of Newmark Grubb Knight Frank’s New Jersey and New York offices respectively.

With the transaction, the Cushman & Wakefield team has signed leases totaling 177,000 s/f at MetroTop Plaza II since the building was completed and readied for tenant fit-out at the end of 2011.

Since then, Ansell Healthcare has leased 57,000 s/f, and software provider Vitech Systems Group and McDonald’s Corp. have leased 19,000 and 20,000 s/f respectively, the latter for a regional headquarters. EisnerAmper and Ansell Healthcare will each have corporate signage on the building.

“The region’s office market has improved significantly, but a combination of economic reasons continues to drive activity,” Giannone said.

“Many companies are either consolidating or relocating for cost-related reasons, including a more central location at a transportation hub for the benefit of employees.” n

The Pittsburgh industrial market continued from page 5B construction for consolidation or expansion and hope that these businesses will put their capital to use in 2013.

With the acquisition of Grubb & Ellis by BGC Partners and the merging into Newmark Grubb Knight Frank during the second quarter of 2012, we remain very bullish on the Pittsburgh region in general and the Pittsburgh Industrial Market in particular. With natural gas trading in the $2/ MCF range, we decided to limit our references to the Marcellus Shale impact for the second quarter. But don’t worry, we expect future articles will feature additional impact by industrial companies servicing this longterm energy play.

Lou Oliva, executive managing director of the Pittsburgh office of Newmark Grubb Knight Frank. n

SHOPPING CENTERS Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 9B

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Heller & Bobincheck completes the sale of the Scottsdale Portfolio

Landmark Comm’l. Realty negotiates sale of 75 units, 26 Acres & 40,654 s/f retail center

C

ENTRAL PA REGION, PA – Landmark Commercial Realty announces the recent sale of the Scottsdale Portfolio.

This portfolio transaction included the sale of the Scottsdale Apartments, Chuck Heller a 75 unit garden style apartment complex situated on Harrisburg’s east shore. The

complex was prime for repositioning within this solid and desirable suburban location. The apartment community included a tract of approximately 26 acres of high density residential development Drew Bobincheck land ideal for the expansion of the rental community.

The deal also included the

JULY 27 - AUGUST 16, 2012

HI-LIGHTS Redevelopment of the Hyde Park Mall is now underway The Azarian Group, L.L.C. is pleased to announce that the long awaited redevelopment of the Hyde Park Mall is now underway.

See page 16B.

Lanyard of The Goldstein Grp. reps owner in 25,000 s/f lease Harbor Freight Tools – The discount tool retailer opened two new stores in NJ: a 25,000 s/f store at 2438 Route 22 in Union; and a 17,000 s/f location at 1016 Main Ave. in Clifton.

See page 16B.

ALSO INSIDE: RETAIL REDEVELOPMENT PROPERTY .................................16B RETAIL BROKERAGE DIRECTORY ................................. 22-23B BUSINESS CARD DIRECTORY ..............................................24B

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3350 Paxton Street, Harrisburg, PA

sale of Scottsdale Plaza which is a 40,654 s/f neighborhood retail center anchored by a regional upscale restaurant, Café Fresco and The Melting Pot. Other existing tenant’s include Mattress Warehouse, Geico Insurance and Premier Rent To Own. Plans for the center include a façade renovation and new monument signage.

Chuck Heller and Drew Bobincheck of Landmark Commercial Realty, Inc represented the buyer in this mixed-use property transaction■

Subsidiary of Kimco Realty Corporation acquires center

WP Realty announces the 89,000 s/f sale of the shopping center Devon Village DEVON, PA — WP Realty announced the sale of Devon Village located in Devon, to a subsidiary of Kimco Realty Corporation.

Devon Village is an 89,000 s/f shopping center anchored by a newly expanded and renovated Whole Foods strategically located in the heart of Devon.

WP Realty purchased Devon Village in September 2009. Since then, WP Realty has utilized its strong relationships and expertise in leasing, development and management to solidify all tenancies and expand the center by 20,000 s/f. In addition to orchestrating a lease amendment with Whole Foods whereby Whole Foods expanded the size

Devon Villiage of their store and extended their Bank, Starbucks, Devon Nails lease, WP Realty successfully and Spa, and Avero. WP Realty leased the expansion space to a was also instrumental in the strong mix of national, regional, relocation and expansion of both and local tenants including Wine & Liquors and Prestige AAA Mid Atlantic, Beneficial Salon. ■

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10B — July 27 - August 16, 2012 — Shopping Centers — Mid

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Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 11B

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SHOPPING CENTERS Report on sales, traffic, jobs and more

Levin Management’s Midyear Retail Survey results

N

ORTH PLAINFIELD, PA — Business appears to be improving for retailers, according to results of the annual mid-year survey conducted by Levin ManMatthew K. agement.

Harding Immediately after Memorial Day, the retail real estate services firm polled store managers based within its 90-property, 12.5 million s/f shopping center portfolio, one of the largest in the Northeast United States with properties in a wide range of market areas.

Approximately 250 participated.

The results indicate some significant, positive changes compared to last year ’s Levin Management midyear survey: · At mid-year 2012, 64.2 percent of respondents reported the same or higher sales volume compared to this time last year; 35.7 percent reported lower sales. At mid-year 2011, 50.1 percent of respondents reported the same or higher sales; 49.8 percent reported lower sales.

· At mid-year 2012, 62.9 percent of respondents said traffic is the same or higher than at this time last year; 36.9 percent said that fewer consumers are visiting their stores. At mid-year 2011, only 50.4 percent of respondents reported the same or higher traffic; 49.4 percent said that traffic was slower.

“This is real, tangible progress,” noted Matthew K. Harding, Levin Management’s president and chief operating officer. “Last year, we saw a 50/50 split. Half our tenants were experiencing satisfactory sales performance, and the other half had discouraging sales and store traffic. While 2012’s results show we still have a way to go, the numbers clearly have gotten better.”

Year-over-year national retail sales performance supports this claim. The U.S. Census Bureau’s advance monthly retail and food services sales report for May 2012 (released June 13) showed a 5.3 percent gain from May 2011. Monthto-month comparisons do indicate a slight dip in national retail sales during April and May 2012, following an extended period of modest gains. Yet looking

Cox & McClellan of Sperry Van Ness - Miller complete $600,000 land sale SALISBURY, MD- Located on the west side of North Salisbury Blvd. at Ruark Dr, 1.04 acres of land has been purchased for development by an out-of-state developer.

Approximately 4,000 s/f will be used to house a freestanding building constructed for AT&T Wireless.

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at the timeframe of March through May 2012, retail and food services sales were up 5.7 percent year over year.

Hiring and expansion plans within Levin’s tenant base follow this positive trajectory. Although retail employment growth has been modest, 26.2 percent of survey respondents reported increasing staff since January 1, 2012, and 36.1 percent expect to hire more employees in the next six months. The figures are up from last year ’s 12.6 percent and 26.7 percent, respectively. Additionally, 27.5 percent indicated that their companies will open more stores this year. n

Shopping Centers Real Estate Journal 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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Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 13B

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14B — July 27 - August 16, 2012 — Shopping Centers — Mid

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SHOPPING CENTERS 18,200 s/f lease transaction completed for the Furniture Source

Lanyard of The Goldstein Grp. reps owner in 25,000 s/f lease

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ARAMUS, NJ — The Goldstein Group reported strong leasing transaction results for the past several quarters, as the retail market in New Jersey continues its upward trend of improveChuck Lanyard ment.

Highlights of The Goldstein Group’s recent leasing transactions in New Jersey with national and regional tenants such as: • Harbor Freight Tools – The discount tool retailer opened two new stores in New Jersey: a 25,000 s/f store at 2438 Route 22 in Union; and a 17,000 s/f location at 1016 Main Avenue in Clifton.

President Chuck Lanyard of The Goldstein Group represented the ownership in each of these transactions.

• AT&T –Renewed its lease of 8,000 s/f at 1592 Route 22 in Watchung. President Chuck Lanyard of The Goldstein Group represented the landlord in the transaction.

• IHOP – Representing both the retailer and landlord, The Goldstein Group handled the renewal of the restaurant’s 5,000 s/f lease at 32nd Street & Kennedy Boule-

Harbor Freight Tools vard in Union City. Principal Neil Goldstein of The Goldstein Group was responsible for the deal.

• Pet Valu – On behalf of the pet products retailer, The Goldstein Group leased 4,000 s/f at Route 202 and Reaville Road in Flemington; and 3,200 s/f at the Marketplace at Edgewater in Edgewater.

Principal Neil Goldstein of The Goldstein Group consummated the leases.

• Blimpie – Representing both the retailer and owner, The Goldstein Group completed a 1,700 s/f transaction at 130 Market Street in Paterson. Donald Goldstein and Florian Suserman of The Goldstein Group consummated

the lease.

• Furniture Source – Representing both the owner and retailer, The Goldstein Group consummated a 18,200 s/f transaction at 6531-6571 Route 9 in Howell. Mark Handwerker of The Goldstein Group handled the deal.

“Through our retail expertise and market knowledge, The Goldstein Group continues to provide superior services to its clients as noted by the numerous retail transactions completed on behalf of our retailer and landlord clients,” stated president Chuck Lanyard of The Goldstein Group. n

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Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 15B

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16B — July 27 - August 16, 2012 — Shopping Centers — Mid

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RETAIL REDEVELOPMENT PROPERTY

By John M. Azarian, CSM & Kevin Pelio, The Azarian Group

Redevelopment of the Hyde Park Mall is now underway he Azarian Group, L.L.C. is pleased to announce that the long awaited redevelopment of the Hyde Park Mall is now underway. Construction began in May and is scheduled to be completed by October 15, 2012. A Grand Opening will take place around November 1, 2012. The redevelopment includes the addition of a 55,000 s/f Super Stop and Shop and Stop and Shop fueling facility. In addition, The Azarian Group will be expanding the Hyde Park Mall and renovating the façade and entire site. Based upon these latest developments, The Azarian Group has initiated an aggressive leasing program to lease the available space in the Hyde Park Mall. Available spaces range from 3,040 s/f to 35,460 s/f.

The Azarian Group is upgrading the entire façade of the Hyde Park Mall and site which will include a modern stucco fascia with new uniform store signage, new traffic circulation and parking layout, new landscaping, high efficiency site lighting, integrated sidewalks with the township and many more upgrades.

The new state of the art Super Stop & Shop will feature varied departments within the store such as a freshly prepared food section that offers customer seating and also banking services. In addition, patrons will be able to receive discounts on gasoline at the adjacent fueling facility with food purchases at the supermarket, through their Gas Rewards program.

The new Stop and Shop will offer the newest mechanical and refrigeration systems that will enhance operating efficiencies throughout the store. Also, the store will introduce to Hyde Park technological advances such as the U-Scan system allowing customers to scan items before placing them in their carts, for a more efficient check out process.

Directly adjacent to the new Super Stop and Shop, The Azarian Group will be constructing new retail space. This space will measure approximately 2,000 s/f (25’ wide by 80’ ft. deep) and is an ideal location for

T

John M. Azarian

Kevin R. Pelio

Construction for the Hyde Park Mall is underway

Construction for the Hyde Park Mall

Hyde Park Mall Site Plan a quick service restaurant opportunities along with and various retail uses. smaller inline retail spaces Prior to construction, Az- that can accommodate a arian Realty Co. was able variety of retail, medical or to prelease vacancies to a office uses. Azarian Realty nail salon, local karate stu- Co. is also in lease negotiadio, and others. Other ten- tions with national retailers ants include Radio Shack for junior anchor space. and Hudson Valley Federal The Azarian Group, L.L.C. Credit Union. Currently, and Azarian Realty Co. curthe mall has junior anchor rently own, manage and

Hyde Park Mall Exterior Elevations lease 20 income producJohn M. Azarian, CSM, ing properties totaling over is the owner of The Az1,000,000 s/f with more than arian Group, L.L.C. and 300 tenants throughout New Azarian Realty Co. He Jersey and New York. is a licensed real estate With over 40 years of ex- broker in New Jersey and perience, The Azarian Group New York. Kevin R. Pelio offers hands on property is an Assistant Property management and leasing Manager and is a licensed services for all types of com- real estate broker associate mercial properties. with the firms. n

Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 17B

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SHOPPING CENTERS Current Availabilities in New Jersey & New York from The Azarian Group, L.L.C Grand Opening November 1, 2012!

E AGGRESSIV G IN LEAS PROGRAM UNDERWAY

Washington Town Center 273 Pascack Road, Washington, Township, NJ

Lenox Plaza Shopping Center 1750 Route 46 West, West Paterson, NJ

Hyde Park Mall

• Only neighborhood shopping center • Major tenants include: A&P Fresh Supermarket, Rite Aid, Clearview Cinemas, Subway and The United States Post Office • Located in the heart of Bergen County, NJ with convenient access to the Garden State Parkway and Route 17 • 14 acres; 130,000 s.f. GLA Shopping Center, 475 parking spaces • Median Household Income of $120,000 • 850 - 6,900 s.f. available

• Busy Route 46 highway location with rear signalized access to Route 46 jug handle and McBride Avenue • Daily vehicle count of 120,000 plus • Shadow anchored by new A&P Fresh Shopping Center • Large pylon signs on Route 46 and McBride Avenue • Primarily occupied by National and Franchise tenants • 115,000 people within 3 miles; average annual HH income 82,000 • Existing stores include: Golfsmith, Sleepy’s, Party City, Pizza Hut, Blimpie, Great Clips and more • 5.25 acres, 50,000 s.f. GLA Shopping Center, 250 parking spaces • 1,700 – 4,000 square feet available

• • • • •

Raritan Center 426 Raritan Street, Sayreville, NJ

Mountain Plaza 170 Route 46 East, Rockaway, NJ

Fieldstone Park Shopping Center

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• • • • •

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Route 9, Hyde Pake, NY Only area shopping center Brand new Super Stop & Shop and Shop Gas coming soon!

54,000 people in trade area; average annual HH income $72,000 Next to Historic FDR Home and Museum Nearby Vassar, Marist and Dutchess County Colleges; Culinary Institute • Entire Shopping Center now undergoing major renovation and expansion • 15 acre, 130,000 square foot GLA shopping center with 670 parking spaces • 3,000-33,000 s.f. available

BREAKING GROUND SOON!

• • • • • •

Only area shopping center Easy on/off Exit 124 of the Garden State Parkway; Near Routes 35 & 9 85,000 people in 3 miles; average HH income $71,000 The Learning Experience to open soon in new 10,000 s.f. building High density housing, apartments, townhomes, new home developments Entire shopping center to be renovated and expanded in 2012 Located at signalized intersection 14 acres; 70,000 s.f. GLA Shopping Center; 385 parking spaces Existing tenants include: Walgreens, Family Dollar, Subway, Eye Doctor, The Learning Experience and more New commuter parking lot of 350 cars across the street 2,500 – 13,650 s.f. available (will subdivide)

Prime Route 46 East location No highway barrier for easy access from both Route 46 East & West Large pylon with great visibility Median Household Income of $90,000 Large parking lots in front and rear of the building offering ample parking • Numerous nearby apartment and townhouse complexes • 1,229-4,500 s.f. available

130 Skyline Drive, Ringwood, NJ Only area shopping center 27 stores and offices 60,000 people in trade area; average annual HH income $92,000 Numerous anchor tenants including: Stop and Shop, US Post Office, Wells Fargo Bank, Coldwell Banker, Dunkin’ Donuts, Dairy Queen, The UPS Store and 18 more • 12 acres, 100,000 s.f. GLA Shopping Center, 356 parking spaces • No competition, no potential for further development in the area • 1,250-10,000 s.f. available

The Azarian Group, L.L.C. The Azarian Building 6 Prospect Street, Suite 1B, Midland Park, NJ 07432

www.azariangroup.com Phone: 201-444-7111 | Fax: 201-444-6655 | Email: kpelio@azariangroup.com

Rochelle Park Shopping Center, Rochelle Park, NJ 1,099 s.f. available Mountain Plaza, Rockaway, NJ 1,229-4,500 s.f. available Fieldstone Park Shopping Center, Ringwood, NJ 1,250-10,000 s.f. available Hyde Park Mall, Hyde Park, NY 3,000–33,000 s.f. available 1,500-1,550 s.f. available Milton Shopping Center, Oak Ridge, NJ 2,500 s.f. available Pine Brook Plaza, Pine Brook, NJ Allendale Town Center, Allendale, NJ 1,700 s.f. available

Raritan Center, Sayreville, NJ 2,500–13,650 s.f. available (will subdivide) Montvale Shopping Center, Montvale, NJ Town Plaza II, Orangeburg, NY 900–5,200 s.f. available Plaza K Shopping Center, Woodbridge, NJ Lenox Plaza, West Paterson, NJ 1,700–4,000 s.f. available The Azarian Building, Midland Park, NJ Fair Lawn Medical/Professional Building, Fair Lawn, NJ 1,200-5,300 s.f. available Neptune Plaza Shopping Center, Neptune, NJ 1,390 s.f. available New: Washington Town Center, Washington Township, NJ 850–6,900 s.f. available

18B — July 27 - August 16, 2012 — Shopping Centers — Mid

Atlantic Real Estate Journal

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SHOPPING CENTERS Prime spot lease to CUPS Frozen Yogurt - That’s Hot

Imperatore & Yocco reps the tenant

Hartz Mountain secures lease for Carrabba’s Italian Grill

Grant Street completes 5,294 s/f restaurant lease

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ECAUCUS, NJ — Carrabba’s Italian Grill officially opened on July 2, 2012 in Hartz’ Harmon Meadow mixed-use development in Secaucus, making it the first restaurant location in Hudson County. The Emanuel Stern restaurant doors opened for business at 4:00 p.m. To show its support of the local communities, 50 percent of Carrabba’s opening night sales (up to $5,000.00) will benefit the Tomorrows Children’s Fund, a local non-profit charity, affiliated with Hackensack University Medical Center and founded by a group of committed parents to help their children with cancer and serious blood disorders.

“We are thrilled to have companies such as Carrabba’s Italian Grill come to our community and provide jobs to our residents,” said Secaucus Mayor Michael Gonnelli. “We appreciate their partnership and their commitment to give back through their donation to Tomorrows Children’s Fund.”

An award-winning restaurant inspired by the many tastes of Italy, Carrabba’s serves fresh, flavorful Italian dishes prepared with the finest ingredients from around the world. Carrabba’s transports customers to a warm, authentic Italian experience every time they walk through the doors, featuring an open kitchen, relaxed and casual dining room and Mr. C’s Bar. “We are excited to invite our neighbors in to enjoy handprepared dishes made from scratch using only the freshest

Harmon Meadow ingredients.” said Chris Short, plex Theatres in the space formanaging partner of Carrabba’s merly occupied by TCBY. in Secaucus. “The Carrabba’s “The CUPS brand is getting dining experience celebrates the a lot of attention because of its tastes of Italy, and we’re looking unique and fun twist on the forward to sharing those flavors traditional frozen yogurt shop,” and experiences with the Hudson stated Emanuel Stern, president County community.” and chief operating officer for Carrabba’s will join other retail Hartz Mountain Industries. “We and entertainment stores in the are thrilled that they are moving Hartz’ Harmon Meadow mixed- in and know that in addition to use development. great frozen yogurt, they will “Hartz Mountain Industries also bring a lot of new visitors to is pleased to welcome Carra- enjoy the fine dining, shopping bba’s Italian Grill to Harmon and entertainment that the HarMeadow,” said Emanuel Stern, mon Meadow shopping complex COO and president for Hartz offers.”

Mountain Industries, developers “CUPS is much more than of Harmon Meadow. “They are great frozen yogurt,” according a perfect addition to the dining, to Rick Barbrick, president and shopping and entertainment op- COO of The Briad Group™, and tions Harmon Meadow offers to CUPS co-founder. “It’s more of a its visitors.” club like experience. We pump SECAUCUS, NJ — Hartz out club dance music at volumes Mountain Industries continues to that create a highly energetic tempt taste buds in the Harmon vibe, a lounge-type design with Meadow mixed-use development couches, ottomans and eclectic in Secaucus by leasing a prime murals; and Cast Members with spot in its Harmon Meadow infectiously fun personalities. development to CUPS Frozen Yo- It’s the complete experience that gurt - That’s Hot™. The beach- gives us that edgy vibe versus themed self-serve fro-yo concept an everyday yogurt bar or ice will open in Summer 2012 across cream shop experience,” added from Kerasotes ShowPlace 14- Barbrick. n

McShea & Co. secures two leases for Walgreens MONTGOMERY COUNTY, MD - McShea & Company, Inc. announced it represented the landlord, BSM Highway, LLC in two long term ground leases with Walgreens. The first lease for approximately 1.046 acres is located at the Northwest Corner of Dual Highway & Edgewood Drive in Hagerstown, MD and the

second lease for approximately 1.303 acres is located at 17703 Virginia Avenue in Hagerstown. These two locations will be the first stores for Walgreens in the Hagerstown area.

The mission of Walgreens is to be the most trusted, convenient multichannel provider and advisor of innovative pharmacy, health and

wellness solutions, and consumer goods and services in communities across America.

A destination where health and happiness come together to help people get well, stay well and live well.

Julian Etches of McShea and Jason Divelbiss, Attorney at Law, represented the landlord in these two ground leases. n

Nassimi Realty signs a 1,500 s/f lease for Yogurt Crazy EAST MEADOW, NY —Nassimi Realty has signed longterm leases for a 1,500 s/f Yogurt Crazy store and a 1,000 s/f authorized T-Mobile dealer for the company’s East Meadow

Commons shopping center in Hempstead, NY. The two retailers are scheduled to open later this summer.

Mike Nassimi, president of Nassimi Realty, commented,

“we are glad to complete the redevelopment of the former Pep Boys building on the east side of our East Meadow Commons.

This now brings our occupancy rate to ninety percent.” n

Central Diner & Grille PITTSBURGH, PA — Grant mitted to 1,527 s/f in the last spot Street Associates Retail Services at Champion Plaza, Brownsville Group completed nearly 20,000 Road, in South Park. The ress/f of new leases during the taurant is scheduled to open second quarter 2012, several this summer. Imperatore and of which were for restaurant or Yocco represented the landlord, food service concepts in the Pitts- Lori Grierson, Champion Plaza burgh region. Among the more LLC. significant transactions were: Niko’s Coffee House – Niko’s Central Diner and Grille – a expanded its Pittsburgh presence New York-style diner restaurant with a new location in The Frick opened last month in the 5,294 Building, Downtown. The coffee s/f former Denny’s Restaurant purveyor opened a quick-service located at 6408 Steubenville shop in the first-floor lobby of the Pike. Mosites Construction Com- building located on Grant Street. pany is the landlord, and Jared Yocco represented the tenant and Imperatore and J. R. Yocco, retail CBRE represented the landlord leasing managers represented in the transaction. the tenant in the long-term Crazy Mocha Coffee Comlease. pany – Crazy Mocha added to its Champion Plaza – 4120 stronghold in Pittsburgh Greater Brownsville Road, Library, PA. Downtown with a new 1,200 BND’Z BURGERZ & DOGZ, s/f location at Bessimer Court LLC – This fast-casual restau- in Station Square. Imperatore rant specializing in gourmet represented Crazy Mocha in the burgers and hotdogs has com- transaction. n

NRDC welcomes the addition of Let’s Yo Yogurt to Hadley Ctr.

Hadley Center SOUTH PLAINFIELD, NJ— area such as Joe’s Crabshack National Realty & Develop- and Brickhouse Tavern, all ment Corp. (NRDC) is pleased who have been extremely sucto welcome the addition of Let’s cessful,” said Dovid M. Spector, Yo Yogurt, a self-serve frozen director of retail leasing at yogurt concept, to Hadley Cen- NRDC. “Hadley Center is an ter, in South Plainfield, New outstanding location for Let’s Yo Jersey. The store opened July Yogurt and we wish them much 4th, 2012. Hadley Center is success.” a 542,544 s/f power center Hadley Center is positioned located at 4899 Stelton Road in a high-traffic area, with daily in South Plainfield and is the traffic counts of nearly 100,000 largest retail shopping center vehicles traveling on I-287 at in the trade area.

Exit 5 & Stelton Road. The day“Over the last few years, time population within a 3-mile NRDC has strategically worked radius is approximately 147,000 to re-tenant the center bringing people. The Center is loacated an extensive mix of national in a 1.4 million s/f mixed-use retailers, local merchants, and development, home to more new unique restaurants to the than 120 companies. n

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Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 19B

SHOPPING CENTERS Leone & Schuch reps Chipotle in 2,300 s/f lease

Fameco lease brings Plaza Square to 100% occupancy

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HILADELPHIA, PA — Fameco Real Estate, L.P. announced that its Center City leasing team has signed seven new retail leases in Philadelphia.

According to Fameco chief executive officer and partner, Brandon Famous, leasing has been moving at a brisk pace in the past few months. “Our team has been involved in a number of deals; both on the retailer representation and landlord sides. We are picking up a number of high profile leasing assignments and are really blanketing the market,” added Famous.

On Walnut Street, Fameco’s Gary Leone and Rick Schuch represented Chipotle in leasing 2,300 s/f at 1200 Walnut Street. At 1421 Walnut Street Paige Barrow represented Pearl Properties in leasing 1,800 s/f to Swarovski. At 2015 Walnut Street, Urban Igloo signed its first lease in the Philadelphia market.

Fameco’s Jackie Balin represented the retailer.

Four additional food purveyors have signed leases including Ho Choi Grocer‘s 1,200 s/f lease at 1601 South 8th Street. Barrow represented the owner, Kean Realty, Insomnia Cookies recently opened at 108 South 16th Street. Fameco’s Matt Mandel represented the retailer and Barrow represented the owner, Pearl Properties and at 339 South 13th Street, Sweet Box will be opening its first retail store. Sweet Box is expanding from its cupcake truck at Love Park. Barrow represented Sweet Box as well as the owner, Pearl Properties.

At 35 South 18th Street, Fameco’s Barrow represented the landlord, Alert Realty, in a 1,300 s/f lease to European Wax Center. This is the retailer’s first Philadelphia location.

WAYNE, NJ — Fameco Real Estate, L.P. has leased retail space at Plaza Square in Wayne, bringing the Center to full occupancy.

The 104,000 s/f Center located along Hamburg Turnpike is one of the major retail corridors in Passaic County.

Owned by Regency Centers, Plaza Square is anchored

by ShopRite with Bank of America, Dollar Power, Bensi Italian Restaurant and Wendy’s. Recent lease signings include Great Clips, Hand

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Deadline: August 3rd

Pennsylvania’s Elite Companies In the August 17th Spotlight For details on how to feature your company in this exciting 3rd Annual spotlight!

Contact: Elaine Fanning efanning@marejournal.com 1-800-584-1062 ext 212

Plaza Square & Stone, C2 Education and ated by ShopRite is impressive GNC. The center is located with more than 31,000 visitors amid an established and per week. Fameco’s Steven densely populated neighbor- Winters and Tyler Bennett hood with strong household spearheaded the leasing efincomes. The traffic gener- forts at Plaza Square. n

Retail Opportunities Needed 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 —

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realestate.subway.com www.subway.com facebook.com/SDEPA1

20B — July 27 - August 16, 2012 — Shopping Centers — Mid

Atlantic Real Estate Journal

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SHOPPING CENTERS +

18 million square feet ARIZONA Mesa Kohl’s McKellips Road & Recker Road 95,279 SF GLA Part of Falcon View Plaza w/ Fry’s Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres Tolleson Freestanding Kmart West McDowell Road & North 86th Drive 86,479 SF GLA FLORIDA Gainsville Mixed Use – Grocery Store & Student Housing NW 13th St & University Avenue 1.74 Acres Over 27,500 SF Ground Floor Retail in Proposed 171,000 SF 6-Story Residential Bldg Fern Park Lowe’s Shopping Center 6735 Hwy. 17-92 & Fernwood Blvd. near Hwy. 436 129,085 SF GLA Proposed Retail Strip: 9,000 SF ILLINOIS Downers Grove Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Up to 12,000 SF Outlot, B-T-S INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Kmart 134,797 SF GLA South Bend South Bend Shopping Center US Hwy. 20 & US Hwy. 31 112,900 SF GLA Anchor Space Available

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Management LLC

MICHIGAN Grand Blanc Vacant Land Holly Rd. & I-75 22 Acres For Sale Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available Redford Redford Plaza Plymouth Rd. & Inkster Rd. CVS/114,865 SF GLA Anchor Space Available Saginaw Saginaw Square Tittabawasse Rd. & Bay Rd. Target, JoAnn Etc., Staples 94,891 SF GLA Anchor Space Available Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA Anchor Space Available Southgate Fort St. & Burns Ave. 60,800 SF GLA Freestanding / Redevelopment Opportunity MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA Anchor Space Available 40,262 SF NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA 10,945 SF Outbldg. Available NEW JERSEY Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. Superfresh/176,519 SF GLA Anchor Space Available/Redevelopment Opportunity

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 21B

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SHOPPING CENTERS +

200 retail projects NEW YORK Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples 250,000 SF GLA/Pad Available

PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 220,000 SF GLA 9.82 Acres Available

Orangetown Orangeburg Commons Route 303 & Palisades Parkway Future Retail Development Anchor Space, In-Line Space & Pads Available Adjacent to Lowe’s

Carlisle Hanover Street (Route 34) & I-81 Home Depot, Chili’s 140,715 SF GLA 10,584 SF Future Expansion/Pad

NEW JERSEY Mt. Olive Pad Sites Available Adjacent to Foreign Trade Zone Across from Wal-Mart, Sam’s, TJ Maxx Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 64,920 SF GLA Up to 4,000 SF Outlot Vineland Vineland Marketplace Delsea Dr. (Route 47) & College Dr. New Development 273,657 ± SF GLA / Outlots Available Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Fashion Bug, Dollar General 85,000 SF GLA Anchor Space Available NEW YORK Deer Park Kohl’s Plaza Commack Rd. & Grand Blvd.

Kohl’s, Super Stop & Shop 182,875 SF GLA Proposed Pad 3,800 SF Glenville/Scotia (Albany) Freestanding Building Saratoga Rd. (Route 50) & Glenridge Rd. 128,485 SF GLA Anchor Space Available Holtsville Island 16 Cinemas Shopping Center Nicholls Rd. & Long Island Expwy.

National Amusements Theater, Chili’s 117,342 SF GLA Pad Bldg. Available with Drive-thru

Staten Island Lowe’s West Shore Center Veterans Rd. West (I-440) & Arthur Kill Rd. Pad Building Available 7,000 SF New Retail Bldg. Available 166,600 SF GLA Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office, Curves For Women 21,212 SF GLA Williamsburg (Brooklyn) North Side Piers Retail 20 North 5th St. & Kent Ave. Tower I: 181 Condos, 113 Apts. & 17,167 SF Retail Tower II: 250 Condos & 5,178 SF Specialty Rest.

OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 130,000 SF GLA 18,440 SF Expansion & Pad Findlay Hobby Lobby Plaza Tiffin Ave. & Croy Dr. Hobby Lobby Anchor Space Available

Latham/Colonie (Albany) Kmart Shopping Center Route 7 & Swatling Rd. 118,863 SF GLA Up to 10,000 SF Outlot Available

Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block south of Navarre Ave. (Rte. 2) & Kmart 116,805 SF GLA

Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Wal-Mart, Home Depot, BJ’s, Target, Home Goods, Best Buy 687,716SF GLA Anchor Space & Outlots Available Future Phase III Office Bldg.

OREGON Salem Kmart Shopping Center Mission Street S. E. 116,866 SF GLA

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Management LLC

Trexlertown Trexlertown Marketplace Hamilton Blvd. (Route 222) & Mill Creek Rd. Walgreens, Panera Bread, Verizon 36,068 SF GLA TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA 36,000 sf GLA Possible Redevelopment Texas Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA VIRGINIA Richmond Food Lion Plaza Route 1 (Jefferson Davis Hwy.) & Chippenham Pkwy.

Outlots Available WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Peebles, CVS 230,000 SF GLA PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Wal-Mart SuperCenter, Home Depot New Development & Pads 525,000 ± SF GLA

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

22B — July 27 - August 16, 2012 — Shopping Centers — Mid

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RETAIL BROKERAGE DIRECTORY Azarian Realty Co. The Azarian Building • 6 Prospect St. Suite 1B • Midland Park, NJ 07432 P: 201-444-9888 F: 201-444-6655 www.azariangroup.com info@azariangroup.com John M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

Coldwell Banker Commercial Bennett Williams Inc. 110 N. George Street • 4th Floor York, PA 17401 P: 717-843-5555 F: 717-843-5550 info@bennettwilliams.com Robert Behler Jr. • Bobby Traynham Dennis Neiman • Chad Stine Chris Seitz • Bradley Rohrbaugh • David Schad

Coldwell Banker Commercial Pennco Real Estate 1250 North 9th Street • Stroudsburg, PA 18360 P: 570-476-7711 F: 570-476-6130 email: cbcpennco@tpd.net www.cbcpennco.com Spiros Bilianis, CCIM • James Fondi Teresa Mickens, CCIM • Susan Mikels Northeast Pennsylvania Expert

Grant Street Associates, Inc. A Cushman & Wakefield Alliance Member The Grant Building, Suite 1550 310 Grant Street Pittsburgh, PA 15219 412.391.2600 - Main • 412.391.2633 - Fax www.gsa-cw.com • Twitter: @GrantStCRE Jared Imperatore • J. R. Yocco

Equity Retail Brokers 101 West Elm Street • Suite 370 Conshohocken, PA 19428 P: 610-645-7700 F: 610-645-5454 info@equityretailbrokers.com Stuart Conston • Bart Delfiner • Ed Ginn • David Goodman Kathy Haines • Greg Jones • Ken McEvoy Rob Samtmann • Rose Urban • Brian Wherty • Rich Zeller

Fameco - Woodbridge, NJ Woodbridge Towers • 555 U. S. Hwy 1 Iselin, NJ 08830 P: 732-526-9000 F: 732-526-9101 www.fameco.com Tyler Bennett • Carlo Caparruva Mike Horne • Scott Jennerich Marty Khait • Steven Winters Fameco - Philadelphia, PA 1425 Walnut Street • Suite 200 Philadelphia, PA 19102 P: 215.557.0050 F: 215.557-0053 www.fameco.com Jackie Balin • Paige Barrow Michael Gray • Eva Francis Haley Samsi • Larry Steinberg

Colliers International – Philadelphia, PA (HQ) Ten Penn Center 1801 Market Street, Suite 550 Philadelphia, PA 19103 P: 215-925-4600 F: 215-925-1040 www.colliers.com/philadelphia Michael Barmash • Despina Belsemes David Dunkelman • Michael Kahan Todd Sussman Colliers International – Allentown, PA 7535 Windsor Dr., Ste. 208 Allentown, PA 18195 P: 610-770-3600 F: 610-770-3100 Derek Zerfass • Scott Horner

Fameco - Conshohocken, PA 625 West Ridge Pike Building A, Suite 100 Conshohocken, PA 19428 P: 610-834-8000 F: 610-834-1793 www.fameco.com Cathy Agnew • Colin Behr • Brian Bruzek • Jeff Cohen Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Rich Guthridge • Dana Hawkins David Hinkle • Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Gary Leone • Richard Lipsky • Marc Mandel Matt Mandel • Jay Miller • Steve O’Malley David Orkin • Dale Peterson • Rick Schuch Daniel Sonnentag • Julie Tanpitukpongse Rick Weinberg • Fred Younkin

Colliers International – Harrisburg, PA 300 N. Second St., Ste. 1203 Harrisburg, PA 17101 P: 717-730-3752 F: 717-238-3299 William Aiello • George Lulos Colliers International – Mount Laurel, NJ 1317 Route 73, Ste. 109 Mt. Laurel, NJ 08054 P: 856-234-9300 F: 856-222-1115 David Dunkelman Colliers International – Wilmington, DE 300 Delaware Ave., Ste. 1018 Wilmington, DE 19801 P: 302-425-4000 F: 302-425-4700 Mark Undorf

The Goldstein Group 45 Eisenhower Drive • Paramus, NJ 07652 P: 201-703-9700 F: 201-703-9678 www.thegoldsteingroup.com Peter Charshafian • Lew Finkelstein • Matt Flath Alan Goldstein • Neil Goldstein • Mark Handwerker Chuck Lanyard • Sherwin Maali • Donny Moskovic Greg Panayoti • Nick Spadavecchia • Ted Economou Jesse Finkelstein • Ryan Glastein • Donald Goldstein C J Huter • Scott Milich • Curtis Nassau • Jay Schwartz Florian Suserman

Kay Realty Services, LLC 1989 Jumping Brook Rd. Tinton Falls, NJ 07753 P:732-918-1148 F:732-918-1628 www.kayrealtyholdings.com William Klein, Broker • Developer Property Management • Leasing

KW Commercial-The James Balliet Commercial Group 40 S. Cedar Crest Blvd. • Allentown, PA 18104 P:610-435-4711 F:610-435-2800 James Balliet • Robert Thompson • Heather Lynne Dr. Rex D’Agostino • Melanie E. Stocker James Barbour • Christopher Milotich

120 North Pointe Blvd. • Suite 301 • Lancaster, PA 17601 1200 Greensprings Drive • York, PA 17402 P: 717-569-9373 T: 800-864-2633 www.LMS-PMA.com Joe R. Deerin, CSM • Donna Deerin Ward • Dave Nicholson Blaze Cambruzz • Michael Boden, SCSM • Chad Ward Blake Gross • Joe Spagnola, CCIM • Ted Hummel, CCIM Wilay Boensch • Ryan Myers, CCIM • Jeremiah Hamilton Travis Riley • Patrick Cullen • Marisa Benjamin

David S. Feldman Regional Manager – Washington DC Office Special Assets Services – Regional Director 7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814 P: 202-536-3700 F: 202-536-3710 www.marcusmillichap.com

Michael J. Fasano Vice President and Regional Manager 611 River Dr. • 4th Floor • Elmwood Park, NJ 07407 P: 201-582-1000 F: 201-582-1010 www.marcusmillichap.com

Spencer Yablon Vice President and Regional Manager 101 West Elm Street • Suite 600 • Conshohocken, PA 19428 P: 215-531-7000 F:215-531-7010 www.marcusmilllichap.com

Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 23B

www.marejournal.com

RETAIL BROKERAGE DIRECTORY \

Metro Commercial – Mt. Laurel, NJ 303 Fellowship Rd • Suite 202 • Mt. Laurel, NJ 08054 P: 856-866-1900 F: 856-866-1611 Brandon Anapol • Brent Barbehenn • Dan Brickner Rob Cooper • Mark Gerlach • Perry GraBois Mary Hughes • Jonathan Klear • Tom Londres Lauren McDermott • Pete Nicholson • Kurt Rumley Paul Rumley • George Wisnoski Metro Commercial - Conshohocken, PA Eight Tower Bridge • 161 Washington St. • Suite 375 Conshohocken, PA 19428 P: 610-825-5222 F: 610-825-5156 Phil Azarik • Joe Dougherty • Donna Drew •Steve Gartner Brian Goodwin • Randy Hope • Glenn Marvin Mike Murray • Steve Niggeman • Roy Perez-Daple Aaron Repucci Metro Commercial - Center City 123 S. Broad St. • Suite 1835 Philadelphia, PA 19109 Michael Gorman • Steve Gartner • Lars Kerstein

NAI Keystone Commercial & Industrial, LLC Exeter Ridge Corporate Center • 3970 Perkiomen Ave. • Ste. 200• Reading, PA 19606 P: 610-779-1400 F: 610-779-1985 John Buccinno • Bryan Cole • Steve Willems

NIA National Realty, Inc. The NIA Realty Building 66 Route 17 N. • Suite 900 Paramus, NJ 07652 P: 201-845-6606 F: 201-845-3012 www.nianationalrealty.com sales@nianationalrealty.com Roger Gross, CCIM, President, rgross@nianationalrealty.com Richard Brock, VP, rbrock@nianationalrealty.com Nina Bianco, Corporate Sales , nbianco@nianationalrealty.com

R. J. Brunelli & Co. 400 Perrine Rd. • Suite 405 • Old Bridge • NJ 08857 P: 732-721-5800 F: 732-721-9241 www.njretailrealty.com Richard J. Brunelli • William A. Lenaz Carl J. Minue • Martin Yaged • John Lenaz Ron DeLuca • Edward Abaid Danielle Brunelli-Albrecht • Michael Murphy Assunta Spedaliere

Pierson Commercial Real Estate, LLC 704 Ginesi Drive, Suite 24 Morganville, NJ 07751 732.707.6900 jason@piersonre.com

Rock Commercial Real Estate LLC 221 W. Philadelphia • St. Suite 19 • York, PA 17401 www.rockrealestate.net Ryan Myers, CCIM, • Larry O’Brien, CCIM Benjamin Chiaro, CCIM • Cami Spiridonoff, CPM David Bode, CCIM, SIOR • Dave Keech, CCIM, SIOR Jason Turnbull, CCIM • Kevin Hodge, CCIM Michael Katz, CCIM • Russ Bardolf, CCIM Ted Turnbull, CCIM

Remco Realty Group 1215 Livingston Ave • Suite 2 • North Brunswick, NJ 08902 P: 732-253-0888 F: 732-253-0887 www.remcorealty.net Peter Gallicchio, Owner/President Nicole Zeller • Brian Heller Joseph Marino • Mark DiGiovanni

Silbert Realty & Management Company, Inc. 85A Division Ave. • Millington, NJ 07946 P: 908-604-6900 F: 908-604-2030 www.silbertrealestate.com info@silbertrealestate.com Brian S. Silbert • Joel Tomlinson • Wayne Kasbar David A. Greenman • William Ray

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24B — July 27 - August 16, 2012 — Shopping Centers — Mid

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Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 25B

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26B — July 27 - August 16, 2012 — Brokerage Directory — Mid

DELAWARE

Atlantic Real Estate Journal

www.marejournal.com

Brokerage Directory

Coldwell Banker Commercial Amato Associates 110 Christiana Medical Ctr. • Newark, DE 19702 P: 302-224-7700 F: 302-224-7701 info@amatoassociates.com www.amatoassociates.com Susan Amato • Jody Amato • Domenick Michini Ed Wasno • Lorraine Sheldon • Becky Harrington Debbie Albano

Colliers International 300 Delaware Avenue • Suite 1018 Wilmington, DE 19801 P: 302-425-4000 Mark Chubb • Charles Brown Rick Kingery • Mark Undorf

NAI Emory Hill 10 Corporate Circle • Suite 100 New Castle, DE 19720 P: 302-322-9500 F: 302-322-9518 www.emoryhill.com Carmen Facciolo (Principal) • Edd Connor Brittany Danahy • Steve Dobraniecki Jonathan Hickey • Neil Killian Dave Morrison • Jim O’Hara Jr. Jim O’Hara III • Kevin O’Hara

MARYLAND

Baldus Real Estate Commercial Division Baldus Centre • 101 E. Charles St. Ste. 200 La Plata, MD 20646 P: 301-843-9306 F: 301-609-4696 www.balduscommercial.com Rick Baldus, Sales Manager Allen Buntin • Ray Curtis • Sandy Fehl Jake Grier • Gary Heilmeier • Bill Jenkins Bob Johnston • Joe Lacey • Hillen Morgan Debra Settie • Art Simpson • Dale Speake Joe Wustner

NEW JERSEY

Azarian Realty Company 6 Prospect St. • Suite 10 Midland Park, NJ 07432 P: 201-444-9888 F: 201-444-6655 jazarian@azariangroup.com www.azariangroup.com John Azarian • Donna Azarian Kevin Pelio • Matthew Scozzari Nicole Critelli Bergman Real Estate Group 555 US Hwy. 1 South • Ste. 210 • Iselin, NJ 08830 P: 732-855-8600 www.bergmanrealty.com Michael Bergman • John Osborne • Kelly Ziegenfuss Byron Real Estate Co., Inc. 63 West Main Street • Freehold, NJ 07728 P: 732-780-7780 F: 732-577-0129 jkrok@byronre.com www.byronre.com John B. Krok • Handri Kadash

Jackson Cross Partners 300 N. Market Street • Building 1 Suite 100 • Wilmington, DE 19801 P: 302-792-1301 F: 302-792-1310 Pete Davisson • Cindy Fleming • Ann Bailey

Cassidy Turley 395 W. Passaic Street • Suite 205 Rochelle Park, NJ 07662-3016 P: 201-518-7520 F: 201-518-7521 Michelle Clifford • Marc Hirschinger Andrew Houston • Hal Lichtenstein • Alex Previdi Matthew Seltzer • Mark Siegler • David Simon

Patterson Woods Commercial Properties/CORFAC 3801 Kennett Pike • D-100 • Wilmington, DE 19807 P: 302-622-3500 F: 302-622-3535 ellis@pattersonwoods.com www.pattersonwoods.com

Cassidy Turley 1160 Parsippany Boulevard • Suite 103 Parsippany, NJ 07054-1811 P: 973-335-5030 F: 973-335-9224 Matthew Turse, CCIM • Howard Weinberg, SIOR

Cassidy Turley 265 Davidson Avenue • Suite 150 Somerset, NJ 08873-1231 P: 732-868-5111 F: 732-868-0575 Doublas Bansbach • Jason Barton Robert Casagrande • Laurence Casey Milt Charbonneau, SIOR, CCIM • Michael Conroy Chuck Fern • Jordan Forster • Jeffrey Furey Stan Kurzweil, SIOR • William O’Keefe Charles Parmelli, CCIM, SIOR • Robin Ritter-Ceriello Warren Searles, Jr. • Raymond Trevisan Douglas Twyman, SIOR Coldwell Banker Commercial Feist & Feist Realty Corp.

180 Mt. Airy Road • Suite 200 Basking Ridge, NJ 07920 P: 908-696-1500 F: 909-696-1511 mail@feistandfeist.com www.feistandfeist.com John Adams • Peter Wisniewski • Jason Adams Richard Madore • Dorothy LaGreca Wayne Kranz • Joan Daspin • John Horan Coldwell Banker Commercial NRT 2 East Mount Pleasant Avenue • Livingston, NJ 07039 P: 888-829-0221 F: 973-515-3582 pwashington@cbcworldwide.com Paul Washington Broker Associate/Multi Family Advisor Colliers International 119 Cherry Hill Rd. • Parsippany, NJ 07054 P: 973-299-3000 F: 973-299-3001 www.colliers.com James Bailey • James Cahill • Bryn Cinque Kevin Coleman • John Cunningham Matthew Dolly • John Donnelly James Fraser • Ward Greer • Frank Gunsberg Paige Hanichak • Daniel Harrison Dick Hecker • John Kainer • Kim Nick Joseph Kyrillos • Frank Lopriore Robert Martie • Leslie Meril • Joseph Nitti Jeffery Oram • Jonathon Ortiz • Douglas Rowe Michael Tesser • Patrick Wilcox Eric Witmondt • Walter Wolf • Lori Zuck

Colliers International 1317 Route 73 • Suite 109 Mount Laurel, NJ P: 856-234-9300 www.colliers.com Tony DiDio • Marc Isdaner • Ian Richman Jim Scott • Evan Zweben Cushman & Wakefield Metropolitan Area Capital Markets Group 1 Meadowlands Plaza • East Rutherford, NJ 07073 P: 201-935-4000 F: 201-804-0064 Andrew Merin • David Bernhaut • H. Gary Gabriel Brian Whitmer Eagle Commercial Real Estate 26 S. Maple Ave. • Suite 103 • Marlton, NJ 08053 P: 856-985-8565 F: 856-985-8563 tpustizzi@eaglecommercialre.com www.eaglecommercialre.com Anthony Pustizzi

Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 27B Mid Atlantic Real Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 13B

www.marejournal.com

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Brokerage Directory BRokeRage DiRectoRy Fameco - Woodbridge, NJ Woodbridge Towers • 555 U. S. Hwy 1 Iselin, NJ 08830 P: 732-526-9000 F: 732-526-9101 www.fameco.com Tyler Bennett • Carlo Caparruva Mike Horne • Scott Jennerich Marty Khait • Steven Winters Fameco - Philadelphia, PA 1425 Walnut Street • Suite 200 Philadelphia, PA 19102 P: 215.557.0050 F: 215.557-0053 www.fameco.com Jackie Balin • Paige Barrow Michael Gray • Eva Francis Haley Samsi • Larry Steinberg Fameco - Conshohocken, PA 625 West Ridge Pike Building A, Suite 100 Conshohocken, PA 19428 P: 610-834-8000 F: 610-834-1793 www.fameco.com Cathy Agnew • Colin Behr • Brian Bruzek • Jeff Cohen Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Rich Guthridge • Dana Hawkins David Hinkle • Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Gary Leone • Richard Lipsky • Marc Mandel Matt Mandel • Jay Miller • Steve O’Malley David Orkin • Dale Peterson • Rick Schuch Daniel Sonnentag • Julie Tanpitukpongse Rick Weinberg • Fred Younkin

Gebroe-Hammer Associates Realty Services, LLC 2Kay West Northfi eld Road 1989 Jumping SUITE 301 Brook Rd. Tinton Falls, NJ NJ 07753 LIVINGSTON, 07039 P:732-918-1148 phone F:732-918-1628 973-994-4500 www.kayrealtyholdings.com 973-994-9752 fax William Klein, Broker • Developer Property Management • Leasing

The Goldstein Group 45 EisenhowerDavid Dr. S. • Paramus, NJ 07652 Feldman P: 201-703-9700 201-703-9678 Regional Manager F: – Washington DC Office Special Assets Services – Regional Director www.thegoldsteingroup.com 7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814 Peter Charshafi an • Lew Finkelstein P: 202-536-3700 F: 202-536-3710 www.marcusmillichap.com Matt Flath • Alan Goldstein Neil GoldsteinMichael • Mark Handwerker J. Fasano ChuckVice Lanyard • Sherwin Maali President and Regional Manager 611 River Dr. • 4th Floor • Elmwood Park, NJ 07407 Donny Moskovic • Greg Panayoti P: 201-582-1000 F: 201-582-1010 Nick Spadavecchia • Ted Economou www.marcusmillichap.com Jesse Finkelstein • Ryan Glastein Spencer Donald Goldstein • CYablon J Huter Vice President and Regional Manager Scott Milich • Curtis Nassau 101 West Elm Street • Suite 600 • Conshohocken, PA 19428 215-531-7000 Jay Schwartz •P:Florian Suserman

Levin Management P. O. Box 326 • Plainfield, NJ 07061 P: 800-755-7194 F: 908-755-7194 www.levinmgt.com Michael Cohen • Jake Frantzman Stan Bernstein • Alison Horbach Joe DeFeo • Jordan Korris

F:215-531-7010 www.marcusmilllichap.com

Harold Wien Real Estate LLC

2250 Allenwood Rd. • Wall Twp., NJ 07719 P: 732-449-1678 C: 732-539-3800 hwien@optonline.net Metro Commercial – Mt. Laurel, NJ Harold Wien,RdPresident/Broker 303 Fellowship • Suite 202 • Mt. Laurel, NJ 08054 P: 856-866-1900 F: 856-866-1611 Brandon Anapol • Brent Barbehenn • Dan Brickner Rob Cooper • Mark Gerlach • Perry GraBois Tom Londres • Lauren McDermott • Pete Nicholson Kurt Rumley • Paul Rumley • George Wisnoski

Metro Commercial - Conshohocken, PA Kay Realty Services, LLC Eight Tower Bridge • 161 Washington St. • Suite 375 1989 Jumping Brook Road Conshohocken, PA 19428 Tinton Falls, NJ 07753 P: 610-825-5222 F: 610-825-5156 P: 732-918-1148 F: 732-918-1628 Phil Azarik • Joe Dougherty • Donna Drew • www.kayrealtyholdings.com Steve Gartner • Brian Goodwin • Randy Hope William Klein, Broker Glenn Marvin • Mike Murray • Steve Niggeman Roy Perez-Daple • Aaron Repucci

Metro Commercial - Center City 123 S. Broad St. • Suite 1835 Philadelphia, PA 19109 Michael Gorman • Steve Gartner • Lars Kerstein

Metro Commercial 303 Fellowship Rd • Suite 202 Mt. Laurel, NJ 08054 P: 856-866-1900 F: 856-866-1611 Brandon Anapol • Brent Barbehenn Dan Brickner • Rob Cooper • Mark Gerlach Perry GraBois • Mary Hughes Jonathan Klear • Tom Londres Lauren McDermott • Pete Nicholson Kurt Rumley • Paul Rumley • George Wisnoski Muroff Lewis Associates Ltd. 30 A Vreeland Rd. • Ste. 14 D • Florham Park, NJ 07932 P: 973-428-0688 F: 973-428-0383 andy888@optonline.net Andrew Muroff

NAI Fennelly Associates 200 A Whitehead Rd. • Ste. 218 Hamilton, NJ 08619 P: 609-520-0061 • Fennelly@Fennelly.com www.Fennelly.com Gerard Fennelly, President Matthew Meade, VP Anna Lieggi, Dir. of Operations Patrick Dintrone, Dir. of Facilities

A

PA

James GKW M Commercial-The Realty Advisors Inc.Balliet Commercial Group 475 Wall Street • Princeton, NJ 08540 40908-262-7625 S. Cedar Crest Blvd.

P: C: 908-625-0440 Allentown, PA 18104 gpmalloy@comcast.net P:610-435-4711 George P. Molloy, SIOR F:610-435-2800 President/Broker ofThompson, Records Heather Lynne, James Balliet, Robert Dr. Rex D’Agostino, Melanie E. Stocker, James Barbour, Christopher Milotich

NJ

DE

Gerber/Somma Associates, Inc. Specialists • Investment Real Estate 210 Street • Hackensack, NJ 07601 120 River North Pointe Blvd., Suite 301, Lancaster, PA 17601 1200 Greensprings Drive,F:York, PA 17402 P: 201-646-1234 201-646-0301 P: 717-569-9373 800-864-2633 Harold Gerber •T:Frank Somma www.LMS-PMA.com Vito DeGennaro

Joe R. Deerin, CSM, Donna Deerin Ward, Dave Nicholson, Blaze Cambruzzi, Michael Boden, SCSM, Chad Ward, Blake Gross, Joe Spagnola, CCIM, Ted Hummel, CCIM, Wilay Boensch,Ryan Myers, CCIM, Jeremiah Hamilton, Travis Riley, Patrick Cullen

Remco Realty Group 1215 Livingston Ave • Suite 2 • North Brunswick, NJ 08902 P: 732-253-0888 F: 732-253-0887 The Kislak Company, Inc. www.remcorealty.net 1000 US Hwy 9 North • Woodbridge, NJ Peter Gallicchio, Owner/President P: 732-750-3000 F: 732-750-3040 Nicole Zeller - Brian Heller info@kislakrealty.com Joseph Marino – Mark DiGiovanni

www.kislakrealty.com Don Baxter • Janet Bortz Christopher Cimino • Scott Davidovic Guy DiTommaso • Jacob Friedman Julie Gralla • Jonathan Greenberg Robert Holland • Andrew Jonas Rock Commercial Real Estate LLC Bret Kaye • Joseph Keenan 221 W. Philadelphia • St. Suite 19 • York, PA 17401 Daniel Lanni • Rosanne Maccarone www.rockrealestate.net Andrew Scheinerman Ryan Myers, CCIM, • Larry O’Brien, CCIM Alan Sommer Storozum Benjamin Chiaro, CCIM • Cami Spiridonoff, CPM Joni Squires David Sweetwood Bode, CCIM, SIOR•• Jeffrey Dave Keech, CCIM, SIOR Robert Squires • Barry Waisbrod Jason Turnbull, CCIM • Kevin Hodge, CCIM Matt Weilheimer • Jeffrey Michael Katz, CCIM • Russ Bardolf,Wiener CCIM Ted Turnbull, CCIM

NAI James E. Hanson 235 Moore St. • Hackensack, NJ 07601 P: 201-488-5800 F: 201-488.0246 Peter Hanson, SIOR William Hanson, SIOR • Cheryl Bozzelli Anthony Cassano • Peter Cohen Jeffrey DeMagistris Steven De Mattheis, CPM • Lee Eagles Dominic Fittizzi • Ronald Fotiu • Jill Gordon Gregory James • Enn Kunnapas Steven Leitner, CCIM • Darren Lizzack, MSRE Kenneth Lundberg, SIOR • Bob Marciani Hal Messer, MSRE • Steve Pastor Scott Perkins, SIOR, CCIM Jonathan Pozerycki • Gary Sauerborn Andrew Somple, SIOR • Leonard Suskin Kevin Taub • Louis Tapia • Judy Troiano, CCIM • Susan Trovati • Russell Verducci Thomas Vetter • Michael Walters, SIOR

28B — July 27 - August 16, 2012 — Brokerage Directory — Mid

Atlantic Real Estate Journal

www.marejournal.com

Brokerage Directory

NAI James E. Hanson Parsippany Office 10 Lanidex Plaza West Parsippany, 07054 al — Shopping CentersNJ — July 27 - August 16, 2012 — 13B P: 973-463-1011 F: 973-463-1312 Barry Cohorsky • Arthur Hixson W. Joshua Levering, SIOR • Barry Mayer Thomas Ryan • John Schilp Sigmund Schorr • Joseph Vindigni

Robson Goldberg Real Estate, LLC 121 Johnson Rd • Suite 5 • Turnersville, NJ 08012 P: 856-228-0900 F: 856-228-0676 mstrauss@robsongoldberg.com rmcgee@robsongoldberg.com www.robsongoldberg.com Michael Strauss • Ronald McGee • Michael Rozanski

Weichert Commercial Brokerage, Inc. 123 Lincoln Hwy. • 2nd Floor • Edison, NJ 08820 P: 732-494-0778 F: 732-494-1098 Kelly Brier • Mario Chiarella, Manager Karen Anderson • Susan Bossow • Mark Fowler Leo Esses • Terence Kenny • C. Beth Krinsky Patrick Masi • James Murray • Peter Ricker, Jr. Steven Tenenbaum • Anthony Tucker Wayne Zdanowicz

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Clark Office 77 Brant Ave. • Ste. 310 • Clark, NJ 07066 P: 732-827-0100 732-827-0101 David F: S. Feldman Manager – Washington DC Office JoanRegional Cenicola • Gary Richman Special Assets Services – Regional Director Robert Rubin • C. Robert Lonshein, Esq. 7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814 P: 202-536-3700 F: 202-536-3710 www.marcusmillichap.com

Michael J. Fasano Vice President and Regional Manager 611 River Dr. • 4th Floor • Elmwood Park, NJ 07407 P: 201-582-1000 F: 201-582-1010 NAI Mertz www.marcusmillichap.com

21 Roland Ave. • Mount Laurel, NJ 08054 Spencer Yablon P: 856-234-9600 • info@naimertz.com Vice President and Regional Manager www.naimertz.com 101 West Elm Street • Suite 600 • Conshohocken, PA 19428 P: 215-531-7000 Barry Mertz, SIOR • Scott Mertz, SIOR F:215-531-7010 John Brown • Marc Cutler • Alan Good www.marcusmilllichap.com Rick Gordon • Stuart Harting Roy Kardon, SIOR • Julie Kronfeld Fred Meyer, SIOR • Jay Plasky Malcolm Shreibman • Lance Silver Rebecca Ting, SIOR Metro Commercial – Mt. Laurel, NJ 303 Fellowship Rd • Suite 202 • Mt. Laurel, NJ 08054 P: 856-866-1900 F: 856-866-1611 Brandon Anapol • Brent Inc. Barbehenn • Dan Brickner NIA National Realty, Rob Cooper • Mark Gerlach • Perry GraBois 66 Rte. 17 North • Suite 900 Mary Hughes • Jonathan Klear • Tom Londres Paramus, NJ 07652 Lauren McDermott • Pete Nicholson • Kurt Rumley P: 201-336-1211 Paul Rumley • George Wisnoski

nbianco@nianationalrealty.com Metro Commercial - Conshohocken, PA www.nianationalrealty.com

Eight Tower Bridge • 161 Washington St. • Suite 375 Conshohocken, 19428 Prime Properties,PA Inc. P: 610-825-5222 F: 610-825-5156 P.O. Box 1667 • Morristown, NJ 07962 Phil Azarik • Joe Dougherty • Donna Drew •Steve Gartner P: 973-984-3377 Alan Moore Brian Goodwin • Randy Hope • Glenn Marvin Mike Murray • Steve Niggeman • Roy Perez-Daple Progress Realty Advisors, LLC Aaron Repucci

1151 Broad St. • Ste. 212 • Shrewsbury, NJ 07702 Metro Commercial -F:Center City P: 732-389-9701 732-389-8899 123 S. Broad St. • Suite 1835 progressrealty@pranorth.com www.ProgressRealtyAdvisors.com Philadelphia, PA 19109 Kathy Anderson Kraut Michael Gorman•• Joel Steve Gartner • Lars Kerstein

Remco Realty Group 1215 Livingston Ave • Suite 2 • North Brunswick, NJ 08902 P: 732-253-0888 F: 732-253-0887 www.remcorealty.net Peter Gallicchio, Owner/President Nicole Zeller • Brian Heller Joseph Marino • Mark DiGiovanni

Sheldon Gross Realty Inc. 80 Main Street • Suite 420 West Orange, NJ 07052 P: 973-325-6200 F: 973-325-9090 sgross@sheldongrossrealty.com www.sheldongrossrealty.com Gavin Daniel • Theresa Davies Daniel Dougherty • Jonathan Glick Charlotte Gross • Barbara Gross Sheldon Gross • Marcy Gross • Glenn Jaffe • Robert Kelley • Robert Nathin Eric Weston

Silbert Realty & Management Company, Inc. 85A Division Ave. • Millington, NJ 07946 P: 908-604-6900 F: 908-604-2030 www.silbertrealestate.com info@silbertrealestate.com Brian S. Silbert • Joel Tomlinson • Wayne Kasbar David A. Greenman • William Ray

Sperry Van Ness/Richter Grusd 33 Wood Ave. South • Suite 600 • Iselin, NJ 08830 P: 732-906-0505 F: 732-906-6565 www.svn-rg.com Doug Richter • Ian Grusd Stafford Smith Realty 630 Broad Street • Shrewsbury, NJ 07702 P: 732-747-1000 ray@ssrealty.com www.ssrealty.com Ray Smith • Tom Burke • William Ferry Mary Koutantos • Bryant Denny • Alan Gott Gary Klein • Guy DiTomaso • Michael Thatcher Doug Lunch • Walter Erhardt • Taryn Dunnigan Weichert Commercial Brokerage, Inc. 225 Littleton Road • Morris Plains, NJ 07950 P: 973-267-7778 F: 973-267-5432 John G. Udell, President • Jim Sousa, Manager Michele “Andre” Laracy-Bowen • Arnold Barron Anthony Baseil • Gabrielle Brickus Mark Calabro • David Chippendale Edward Costa • Robert Costa • Barry Feldman John “Jack” Fera • David Fisher • Kevin Hanlon Eugen Hefele • Jonathan “Eric” Hill • Barbara Ismail Susan Keats • Margaret “Margie” Lapadura Richard Latrenta • Hing Lum • Philip MacLaren June Maggio • Ronald M. Mahr • Scott Maynard Aaron Mittleman • Jorge Moreno • Robin Mosley Donald Patterson • Richard Piken • Sang Oak Ra Zena Serrano • George Simson • James Spada Jim Tsonas • David R. Williams • David Yi Jonathan Younghans • Michael Zuckerman

Wolf Commercial Real Estate, LLC Laurel Oak Corporate Center 1010 Haddonfield-Berlin Road • Suite 404 Voorhees, NJ 08043 P: 856 857-6300 F: 856 283-3950 www.wolfcre.com Jason Wolf • Leor Hemo • Scott Seligman

PENNSYLVANIA Alliance Commercial Realty 232 South George Street • York, PA 17401 P: 717-718-4100 F: 717-718-4101 www.alliancecommercialrealty.com Terry Sutton

Aptcor Commercial Realtors 414 W. Main Street • P.O. Box 148 Lansdale, PA 19446 P: 215-855-9600 F: 215-855-3469 www.aptcor.com Alan Apt, CCIM • Avi Cohen Brad Goodrich • Paul Kasoff Ted Laskowski • Frank Platt Michael Rosenthal Atrust Realty.Com The Atrust Building • 35 East Marshall Street #100 • Norristown, PA 19401 P: 610-935-6000 F: 610-935-6850 roman@atrustrealty.com • www.atrustrealty.com Roman Korby • Pat O’Neill • R. D’Angelo

Beacon Commercial Real Estate Four Radnor Corporate Center 100 Matsonford Road • Suite 220 Radnor, PA 19087 P: 610-828-0100 F: 610-828-3873 www.beaconcre.com Gene McHale • John Greenwald, Jr. Michael Flynn • James J. DiBianca Chuck Shields • Jere Shertzer • Colin McHale • Dave Ruffini • Tom Feely • Adam Knox • Matt Cantafio Berger-Epstein Associates, Inc. The Offices at 3900 Hamilton Center 3900 Hamilton Boulevard • Suite #208 Allentown, PA 18103-6122 P: 610-437-7070 leasing@berger-epstein.com www.berger-epstein.com William Berger • Jeff Epstein • Jonathan Epstein, CCIM

Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 29B

www.marejournal.com

Brokerage Directory Binswanger Management Corp.

Two Logan Sq. • Philadelphia, PA 19103 Toll Free: 800-845-6222 F: 215-448-6238 info@binswanger.com www.binswanger.com David Binswanger • Frank Binswanger Clive Mendelow • Frank Cullen Chris Pennington • David Fahey Joe Muldoon • Chris Lange Scott Gabrielsen • Paul French Scott Williams • Patrick Brady Nick Sannelli • Chris Magarity Michael Treacy • James Panczykowski Marc Policarpo • Bob Corr • Josh Haber Andrew Grabis • Doug Faris Derek Anderson • Shaun Kirchin

Brasler Properties 4122 Apalogen Road Philadelphia, PA 19129 P: 215-848 4468 F: 215-843-9728 chris@brasler.com Chris Brasler Campbell Commercial Real Estate, Inc. 525 N. 12th St. • Suite 203 • Lemoyne, PA 17043 P: 717-737-6161 F: 717-737-9640 acampbell@acampbell.net Arthur Campbell CBRE, Inc. – Philadelphia Multi Housing Group 1200 Liberty Ridge Dr. • Ste. 320 • Wayne, PA 19087 P: 610-251-5118 F: 610-889-9168 john.mcfadden@cbre.com www.cbre.com John McFadden • Bob Miller • Mark Duszak Matt Stefanski

Coldwell Banker Commercial Bennett Williams Inc. 110 N. George St. • 4th Floor • York, PA 17401 P: 717-843-5555 F: 717-843-5550 info@bennettwilliams.com Robert Behler Jr. • Bobby Traynham Dennis Neiman • Chad Stine • Chris Seitz • Bradley Rohrbaugh • David Schad

Coldwell Banker Commercial Pennco Real Estate 1250 North 9th St. • Stroudsburg, PA 18360 P: 570-476-7711 F: 570-476-6130 email: cbcpennco@tpd.net www.cbcpennco.com Spiros Bilianis, CCIM • James Fondi Teresa Mickens, CCIM • Susan Mikels Northeast Pennsylvania Expert

Colliers International Ten Penn Ctr. • Ste. 550 Philadelphia, PA 19103 P: 215-925-4600 F: 215-925-1040 Larry Bergen • Bethany Brown Despina Belsemes • Cathryn Coate Ron Cappello • Joseph Fetterman Michael Golarz Richard Gorodesky, SIOR • Kyle Hilber Michael Kahan • Brendan Leahy Sandy Richardson • Doug Sayer James Scott • Matthew Shanahan Rob Steinhart • Todd Sussman Rich Weitzman Conshohocken Office Eight Tower Bridge • 161 Washington St. Ste. 825 • Conshohocken, PA 19428 P: 610-684-1850 F: 610-684-1857 David Dickson • Lee Fein Peter Liebert, SIOR • Andrew McGhee • Theo Notaras • Michael Zerbe Allentown Office One Windsor Dr. • Ste. 208 Allentown, PA 18195 P: 610-770-3600 F: 610-770-3100 Michael Capobianco • Scott Horner Ann Kline • Del Markward • Derek Zerfass Harrisburg Office 300 N. Second St. • Ste. 1203 Harrisburg, PA 17101 P: 717-730-3752 William Aiello • George Lulos

Commercial Choice Realty Inc. P. O. Box One • 4395 Old Wm. Penn Highway Murrysville, PA 15668 P: 724-327-3482 F: 941-296-7960 dareese@ccim.net www.commercialchoicerealtyinc.com David A. Reese, CCIM • Janice Reese

Cushman & Wakefield of Pennsylvania, Inc. 1717 Arch Street • 30th Floor Philadelphia, PA 19103 P: 215-963-4000 F: 215-568-2604 www.cushmanwakefield.com John Derham – Branch Manager Timothy Arizin • Leah Balerno John Berenato • Jason Bernardi Gerard Blinebury, Jr. Nate Demetsky • Paul Garvey William Hirschfeld, CCIM • Karen Iman Douglas Joseph • Roger McManimon Jack Meyers • Kirk Miller • Sun Park Gilbert Pierce, Jr. • John Plower Dominique Smith • Paul Torosian John Wilson Cushman & Wakefield of Pennsylvania, Inc. Two Tower Bridge 1 Fayette Street • Suite 125 Conshohocken, PA 19428 P: 610-772-2000 F: 610-260-0804 Jeffrey Barker • John Birmingham, III Gina Brennan • Adam Campbell, SIOR Marie Connell • Stephen Cooper Ernest Felici, Jr. • Kimberly Finnerty Michael Gordon • Eric Gorman Peter Greenhalgh • Brian Hilger J. Francis Mahoney Patrick McBride, CCIM • John Shelly Jeffrey Williams

Dietrick Group, LLC 5100 W. Tilghman Street • Suite 320 Allentown, PA 18104 P: 610-391-8888 F: 610-391-8830 www.dietrickgroup.com Linda Dietrick, CCIM • Kelly Berfield Ryan Dietrick• Brooke Dietrick Erin Schneider Kelly-Anne Rohrbach • Kent Brustlin • Katelyn Drosnock Judy Williams •Alfred Vasta, Jr. Brenda Aubert • Lucy Lennon

Coldwell Banker Commercial Inc. Real Estate Journal 30B — July 27 - August 16, 2012 — Brokerage Directory Bennett — Mid Williams Atlantic 110 N. George Street • 4th Floor York, PA 17401 P: 717-843-5555 F: 717-843-5550 info@bennettwilliams.com Robert Behler Jr. • Bobby Traynham Dennis Neiman • Chad Stine Chris Seitz • Bradley Rohrbaugh • David Schad

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Fameco - Conshohocken, PA www.marejournal.com 625 West Ridge Pike Building A, Suite 100 Conshohocken, PA 19428 P: 610-834-8000 F: 610-834-1793 www.fameco.com Cathy Agnew • Colin Behr • Brian Bruzek • Jeff Cohen Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Rich Guthridge • Dana Hawkins David Hinkle • Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Gary Leone • Richard Lipsky • Marc Mandel Matt Mandel • Jay Miller • Steve O’Malley KW Commercial David Orkin • Dale Peterson • Rick Schuch 910 Harvest Drive• Julie • #100 • Blue Bell, PA Daniel Sonnentag Tanpitukpongse Rick Weinberg • Fred Younkin 19422

10

Brokerage Directory Grant Street Associates, Inc. A Cushman & Wakefield Alliance Member The Grant Building • Suite 1550 310 Grant Street • Pittsburgh, PA 15219 P: 412-391-2600 F: 412.391.2633 www.gsa-cw.com • Twitter: @GrantStCRE Timothy Goetz • Robert Geiger Jack O’Donoghue, SIOR

Equity Retail Brokers 101 West Elm Street • Suite 370 Conshohocken, PA 19428 P: 610-645-7700 F: 610-645-5454 info@equityretailbrokers.com Stuart Conston • Bart Delfiner • Ed Ginn David Goodman • Kathy Real Haines Hart Corporation Mid Atlantic Estate Journal — Shopping Centers — July 27 - August 16, 2012 — 13B Eric Kuhn • Greg Jones • Ken McEvoy Colliers International – Philadelphia, PA (HQ) 900 Jaymor Road • Southampton, PA 18966 Rob Samtmann • Rose Urban P:Ten 215-322-5100 Penn CenterF: 215-322-5840 Brian Wherty • Rich Zeller dbeal@hartcorp.com 1801 Market Street, Suite 550

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Jackie Balin • Paige Barrow Michael Gray • Eva Francis Haley Samsi • Larry Steinberg

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www.hartcorp.com Philadelphia, PA 19103 David E. Beal

Fameco - Woodbridge, NJ Woodbridge Towers • 555 U. S. Hwy 1 Iselin, NJ 08830 P: 732-526-9000 F: 732-526-9101 www.fameco.com Tyler Bennett • Carlo Caparruva Mike Horne • Scott Jennerich Marty Khait • Steven Winters Fameco - Philadelphia, PA 1425 Walnut Street • Suite 200 Philadelphia, PA 19102 P: 215.557.0050 F: 215.557-0053 www.fameco.com Jackie Balin • Paige Barrow Michael Gray • Eva Francis Haley Samsi • Larry Steinberg Fameco - Conshohocken, PA 625 West Ridge Pike Building A, Suite 100 Conshohocken, PA 19428 P: 610-834-8000 F: 610-834-1793 www.fameco.com Cathy Agnew • Colin Behr • Brian Bruzek • Jeff Cohen Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Rich Guthridge • Dana Hawkins David Hinkle • Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Gary Leone • Richard Lipsky • Marc Mandel Matt Mandel • Jay Miller • Steve O’Malley David Orkin • Dale Peterson • Rick Schuch Daniel Sonnentag • Julie Tanpitukpongse Rick Weinberg • Fred Younkin

Kay Realty Services, LLC 1989 Jumping Brook Rd. Tinton Falls, NJ 07753 P:732-918-1148 F:732-918-1628 Frederick Group, The www.kayrealtyholdings.com 3500 Winchester Road • Suite 201 William Klein, Broker • Developer Allentown, PA 18104 Property Management Leasing P: 610-398-0411 • F: 610-398-7294

info@tfgrealtors.com www.tfgrealtors.com Elias Aoun • Dave Bodnar • Bob Buy Steve Cihylik • Mary Beth Dolinich Ron Eichenberg • Mike Gensey Wendy Karopoulos • Gus Kartsotis KW Commercial-The Balliet Commercial Michael Klingener James • Barry Miller Group Connie Miller • Leslie Morrone 40 S. Cedar Crest Blvd.

Ken Palumbo • Brandon Reed Allentown, PA 18104 Jane Schiff • Hal Vasvari • Carrie Ward P:610-435-4711 Kevin Yarnall F:610-435-2800

James Balliet, Robert Thompson, Heather Lynne, Dr. Rex D’Agostino, Melanie E. Stocker, James Barbour, Christopher Milotich

P: 215-925-4600 F: 215-925-1040 www.colliers.com/philadelphia Michael Barmash • Despina Belsemes David Dunkelman • Michael Kahan Todd SussmanDavid S. Feldman

Hawley Realty, Inc. – Washington DC Office Regional Manager 944 Special Marcon Blvd.Services • Suite–120 Assets Regional Director 7200 Wisconsin Ave. • Ste. 1101 Bethesda, MD 20814 Allentown, PA 18109 Colliers International – •Allentown, PA P: 202-536-3700 F: 202-536-3710 P: 610-398-4000 7535 Windsor Dr., Ste. 208 www.marcusmillichap.com www.hawleyrealty.com Allentown, PA 18195 Amy Hawley, SIOR • Paul Weiss P: 610-770-3600 F: 610-770-3100 Michael J. Fasano Jarrett Laubach • Patricia Satkovich Vice President and Regional Manager Derek Zerfass • Scott Horner 611 River Dr. • 4th Floor • Elmwood Weiss Park, NJ 07407 Richard Hammond • Douglas P: 201-582-1000 F: 201-582-1010 Christine Colliers Weiss-Hirko International – Harrisburg, PA www.marcusmillichap.com

300 N.Yentis Second St., Ste. 1203 Herbert & Company Realtors Harrisburg, PASpencer YablonPA 19151 7300 City Avenue • 17101 Philadelphia, Vice President and717-238-3299 Regional Manager 717-730-3752 F: P:P:215-878-7300 F: 215-877-0955 101 West Elm Street•• George Suite 600 • Conshohocken, PA 19428 William Aiello Lulos Charlie Ambrose • George Goldstone P: 215-531-7000 Jeffrey Goldstone •F:215-531-7010 Paul Goldstone Daniel Leider • Alan Necowitz • AndrewLaurel, Rubin Colliers International – Mount www.marcusmilllichap.com Merrill Sporkin • Thomas Pillion 1317 Route 73, Ste. 109

P: 215-654-6050 info@KWCommercial-KPG.com www.KWCommercial.com Don Eill • Craig Fernsler, CCIM Blair Gilbert, SIOR • Charlene Tucker, CPM Kay Realty Services, LLC 1989 Jumping Brook Rd. Tinton Falls, NJ 07753 P:732-918-1148 F:732-918-1628 www.kayrealtyholdings.com William Klein, Broker • Developer Property Management • Leasing Landmark Commercial Realty,

Inc. ONCOR International 20 Erford Road • Suite 215 Lemoyne, PA 17043 P: 717-731-1990 F: 717-731-8765 info@landmarkcr.com www.landmarkcr.com KW Commercial-The James Balliet Commercial Group David Remme, P.E., SIOR • Thomas 40 S. CedarSIOR Crest •Blvd.

• Allentown, 18104 Posavec, James Brady,PA SIOR P:610-435-4711 Richard MooreF:610-435-2800 • Jason Grace, CCIM, SIOR James Balliet • •Robert Thompson Heather Lynne Roy Brenner Chuck Heller ••Seymour Dr. Rex •D’Agostino • Melanie E. Stocker Barget Andrew Kohr JamesBobincheck, Barbour • Christopher Drew CCIM •Milotich Marques Pinkas John Hamilton • Bill Sturges

Andrew Rubin • Paul Goldstone High Associates, Ltd. Colliers International – Wilmington, DE 1853 Penn 300William Delaware Ave., Ste. 1018 Metro Commercial – Way Mt. Laurel, NJ Lancaster, PA 17601 Wilmington, DE• Suite 19801 303 Fellowship Rd 202 • Mt. Laurel, NJ 08054 P: F: F: 717-293-4488 P: 856-866-1900 856-866-1611 P:717-293-4477 302-425-4000 F: 302-425-4700 Ruth M. Devenney, CCIM Brandon Anapol • Brent Barbehenn • Dan Brickner Mark Undorf James.

W. Wentz, CCIM Rob Cooper • Mark Gerlach • Perry GraBois William R. A. Boben, CCIM, SIOR Tom Londres • Lauren McDermott • Pete Nicholson Linford L. Good, SIOR, CCIM • Jeff Kurtz Kurt Rumley • Paul Rumley • George Wisnoski

High Associates, Ltd. MetroRitter Commercial Conshohocken, PA 5000 Road •- Suite 201 Eight Tower Bridge Washington St. • Suite 375 Mechanicsburg, PA• 161 17055 P: 717-697-2422PA F:19428 717-697-0870 Conshohocken, Virginia Barr • Annette Cassel Means P: 610-825-5222 F: 610-825-5156 Judy E. Pierce Derry Young Phil Azarik • Joe• Dougherty • Donna Drew • Linford L. Good, SIOR, CCIM • Randy Hope Steve Gartner • Brian Goodwin Denise Cass • Mike Murray • Steve Niggeman Glenn Marvin

120 North Pointe Blvd. • Suite 301 • Lancaster, PA 17601 1200 Greensprings Drive • York, PA 17402 P: 717-569-9373 T: 800-864-2633 www.LMS-PMA.com Joe R. Deerin, CSM • Donna Deerin Ward • Dave Nicholson Blaze Cambruzz • Michael Boden, SCSM • Chad Ward Blake Gross • Joe Spagnola, CCIM • Ted Hummel, CCIM Wilay Boensch • Ryan Myers, CCIM • Jeremiah Hamilton Travis Riley • Patrick Cullen • Marisa Benjamin

Mericle Commercial Real Estate East Mountain Corporate Center 100 Baltimore Drive Wilkes-Barre, PA 18702 P: 570-823-1100 www.mericle.com

Roy Perez-Daple • Aaron Repucci

Metro Commercial - Center City 123 S. Broad St. • Suite 1835 Philadelphia, PA 19109 Hinerfeld Commercial Real Estate Michael Gorman • Steve Gartner • Lars Kerstein

600 Lackawanna Avenue • Scranton, PA 18503 P: 570-207-4100 info@Hinerfeldcommercial.com www.hinerfeldcommercial.com Marilee Barone • Steve Carroll • John Cognetti Rick Levy • Ellen Raineri • Pat Sammon Investors Real Estate Agency 1215Ambrust Livingston Ave• • 2nd SuiteFloor 2 • North Brunswick, NJ 08902 322 Rd. P: 732-253-0888 F: 732-253-0887 Youngwood, PA 15697 www.remcorealty.net P: 724- 925-0215 F: 724- 925-0216 mallison5@aol.com Peter Gallicchio, Owner/President Mark Allison Nicole Zeller - Brian Heller Joseph Marino – Mark DiGiovanni

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Metro Commercial Eight Tower Bridge • 161 Washington St Suite 375 Conshohocken, PA 19428 P: 610-825-5222 F: 610-825-5156 Phil Azarik • Joe Dougherty • Donna Drew Steve Gartner • Brian Goodwin Randy Hope • Glenn Marvin • Mike Murray Steve Niggeman • Roy Perez-Daple Aaron Repucci

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Mid Atlantic Real Estate Journal — Brokerage Directory — July 27 - August 16, 2012 — 31B

www.marejournal.com

Brokerage Directory

Metro Commercial - Center City 123 S. Broad St. • Suite 1835 Philadelphia, PA 19109 Michael Gorman • Steve Gartner Lars Kerstein

Michael Baxter & Associates Commercial Real Estate & Property Management 1992 W Main St., Stroudsburg, PA 18360 P: 570-421-7466 Fax: 570-421-7844 info@baxcommercial.com baxcommercial.com Michael Baxter, CCIM • Dan Perich, CCIM Michael C. Baxter • Christopher Baj, CCIM Ray Starner • Brian Coyne

NAI CIR P. O. Box 8910 • Camp Hill, PA 17001 P: 717-761-5070 F: 717-975-9835 www.naicir.com Daniel Alderman • Joseph Bedard, SIOR Erik Galnor • Peter Gemora William Gladstone, CCIM, SIOR M. Richard Kielman • Nathan Kranz Harold Leibenson •Fahd Malik Ada McMurray, CCIM, SIOR Craig Rahn • James Ross • Mark Santanna Nik Sgaglas • Jack Shepley, SIOR Justin Shoemaker • Jason Sourbeer Bradley Swidler • Robin Zellers, COO, SIOR

NAI Keystone Commercial & Industrial, LLC 3970 Perkiomen Avenue • Suite 200 Reading, PA 19606 P: 610-779-1400 F: 610-779-1985 marketing@naikeystone.com www.naikeystone.com John Buccinno • Bryan Cole • Bob Heiner John Herman • Don Kidd • Kyle McKechnie Justin Stamm • Steve Willems

NAI Mertz of Pennsylvania 350 Laird Street • Suite 110 Wilkes-Barre, PA 18702 P: 570-820-7700 • info@naimertz.com www.naimertz.com

NAI Mertz (Bucks County) 1105 Industrial Hwy. • Southampton, PA 18966 P: 215-396-2900 • info@naimertz.com www.naimertz.com Barry Mertz, SIOR • Jeffrey Licht, SIOR Adam Lashner • Zena Charokopos

NAI Summit 3435 Winchester Road • Suite 300 Allentown, PA 18104 P: 610-264-0200 F: 610-871-1700 www.naisummit.com Mike Adams • John Crampsie, SIOR Matt Dorman • Jay Haines • Carolyn Mertz Bob Nemeth • Chris Smith Frank Smith, CCIM, CPM

Newmark Grubb Knight Frank Six PPG Pl. • Ste. 600 • Pittsburgh, PA P: 412-281-0100 F: 412-281-8814 Patrick Cersosimo • Michael D’Amico David Glickman • Joel Kreider Thomas McChesney • Gerard McLaughlin Louis Oliva • Kevin Orie • Bartley Rahuba Jeffrey Schultz

Newmark Knight Frank Smith Mack 880 E. Swedesford Rd. Ste. 100 Wayne, PA 19087 P: 610-265-0600 F: 610-265-0618 Reid Blynn • Jeff Mack Newmark Knight Frank Smith Mack 1835 Market Street • Suite 910 • Philadelphia, PA Sidney V. Smith www.NewmarkKFSM.com

NorthMarq Capital 1600 Market Street • Suite 1300 Philadelphia, PA 19103 P: 215-496-3000 F: 215-496-3084 jverdejo@northmarq.com www.northmarq.com Joseph Verdejo • James Sheehan

PennCap Properties 559 Main Street • Third Floor Bethlehem, PA 18018 P: 610-332-1100 F: 610-332-1111 info@penncapproperties.com www.penncapproperties.com Contact Leasing @ 610-332-1100 DPN Penn’s Northeast 1151 Oak Street • Pittston, PA 18640 P: 570-883-0504 canella@pennsnortheast.com www.pennsnortheast.com

Pierson Commercial Real Estate, LLC 704 Ginesi Drive • Suite 24 Morganville, NJ 07751 P: 732-707-6900 jason@piersonre.com www.piersonre.com Jason Pierson

PRC Commercial 3700 South Water Street • Suite 105 Pittsburgh, PA 15203 P: 412-261-6500 F: 412-261-0834 www.prudentialrealty.com David Hanley • David DiCola Gary McCormick • Albert Pacella Rita Formhals • Kenneth Daugherty John Biseda

Prestige Group Inc. 321 S. Valley Forge Rd. • Devon, PA 19333 P: 800-866-5876 P: 610-902-3900 F: 610-902-3999 rnatow@prestigegroup.com www.prestigegroup.com Richard Natow • Shelby Simmons Ronald Krieger • Victor Kaplan Arthur Deussing • Ben Altman Michael Weiner • Jon Mirsky

32B — July 27 - August 16, 2012 — Brokerage Directory — Mid

Atlantic Real Estate Journal

www.marejournal.com

Brokerage Directory RT Environmental Services, Inc. Corporate Office 215 West Church Rd. • King of Prussia, PA 19406 P: 610-265-1510 F: 610-265-0687 gbrown@rtenv.com www.rtenv.com Gary Brown, PE Richard J. Seltzer Inc. Realtors P.O. Box 625 • Narbeth, PA 19072 P: 610-771-0710 F: 610-771-0715 Mark Reda • Daniel Seltzer, CCIM

Rock Commercial Real Estate LLC 221 W. Philadelphia Street • Suite 19 York, PA 17401 P: 717-854-5357 F: 717-854-5367 www.rockrealestate.net Russ Bardolf, CCIM, SIOR John Birkeland • Benjamin Bode David Bode, CCIM, SIOR Ben Chiaro, CCIM • Greg Finkelstein Kevin Hodge, CCIM Dave Keech, CCIM, SIOR Cami Miller, CPM • Larry O’Brien, CCIM Jason Turnbull, CCIM, SIOR Ted Turnbull, CCIM

Sidney E. Gable Associates, Inc. 411 Feheley Dr. • King of Prussia, PA 19406 P: 610-272-6400 F: 610-272-6638 gablesid@yahoo.com Sidney Gable • Marvin Baron • Steve Gable Sperry Van Ness/Pinnacle 1737 Chestnut Street • Suite 1201 Philadelphia, PA 19103 P: 215-569-8787 F: 215-689-9452 Loraine.rahm@svn.com Loraine Rahm

Springwood Commercial 146 Pine Grove Circle • Ste. 200 • York, PA 17403 P: 717-505-1000 Marianne McDonald • Dave Hogg Keith Kahlbaugh

SSH Real Estate 123 South Broad Street • 8th Floor Philadelphia, PA 19109 P: 215-893-3000 F: 215-893-1466 www.sshrealestate.com Doug Newbert • Jeffrey Seligsohn • Peter Soens • John Susanin Swope Lees Commercial Real Estate, LLC 208 East Market Street • West Chester, PA 19382 P: 610-429-0200 F: 610-429-0700 swopelees@gmail.com www.swopelees.com Charles Swope, Jr., CCIM • James Lees, Jr. Larry Wygant • Michael Martin Timothy “TJ” Spencer • Robert McComsey Tysons Realty Inc. 7641 Leesburg Pike • Tysons Corner Falls Church, VA 22043 P: 703-893-6700 F: 703-893-6859tysonsrealty@aol.com Pauline Thompson, President

U.S. Realty Capital Philadelphia Private Capital, LLC Eight Tower Bridge • 161 Washington St. Suite 1525 • Conshohocken, PA 19103 P: 215-893-9924 F: 215-893-9830 www.usrealtycapital.com Richard Colucci • Thomas Greenwood, III Charley Harmar • Robert Jacoby Gerry Nanos • Bruce Robertson, Jr.

Veraxia Commercial Real Estate Solutions 2299 Brodhead Road • Suite V Bethlehem, PA 18020 P: 610-997-0100 F: 610-997-0101 admin@Veraxiacres.com www.veraxiacres.com Costas Hrousis, CCIM Shawn Donahue, MBA Weichert Commercial Brokerage, Inc. 2350 Schoenersville Road Bethlehem, PA 18017 P: 610-861-9855 F: 610-861-0563 Glenn Fritts, Manager • Casper Camarda James Doone • Joseph Sedler • Michael Shelton West Corporate Partners, LLC 123 S. Broad St. • Suite 1815 Philadelphia, PA 19103 P: 215-875-3300 F: 215-875-9890 gwest@westcorporatepartners.com www.westcorporatepartners.com Gregory West, SIOR, President

VIRGINIA

Sloan Street Advisors/ITRA Global 1600 Tysons Boulevard • 8th Floor McLean, VA 22102 P: 703-758-7479 F: 703-758-7471 debrasa@sloanstreetadvisors.com www.sloanstreetadvisors.com Debra Stracke Anderson CCIM, SIOR President and CEO

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Brokerage Directory — Mid

Atlantic Real Estate Journal — July 27 - August 16, 2012 — Inside Back Cover B

B Back Cover — July 27 - August 16, 2012 — Mid

Atlantic Real Estate Journal — Brokerage Directory

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