The Most Comprehensive Source for Commercial Real Estate News in the Region 

ELKRIDGE, MD — The Net Lease Investment Sales Group for Avison Young announced the $4.1 million sale of a single-tenant net-leased property currently under development at 7136 Montevideo Rd. in Elkridge. Royal Farms, a popular Mid-Atlantic chain of convenience stores, has signed a 20-year lease at the location that includes four, five-year renewal options. The buyer was represented by Avison Young’s Net Lease Investment Sales Group led by senior director Asher Wenig. The sel

What is your greatest professional accomplishment? Becoming a principal at Avison Young. What is your most notable project, deal or transaction? ▫ Deal – Calgon Carbon HQ relocation ▫ Project – TechMill 41 How do you contribute to your company and / or the industry? Office Brokerage and Business Development. Who or what has been the strongest influence in your career? Duke Kingsley and Brad Totten have had the strongest influence on me, that said I have taken lots of bi

LIMERICK TOWNSHIP, PA — Maillie LLP broke ground at its new headquarters located at Lewis Square in Limerick Twp. Maillie initiated ground-up construction of a 25,000 s/f office space designed by D2 Groups. The project is slated for completion in the summer of 2020. Maillie Partners, representatives from Limerick Township, RedGo Development, Customers Bank, D2 Groups, Avison Young, and Fickler Construction were all in attendance for the groundbreaking ceremony. “Building

PHILADELPHIA, PA — David Fahey, Avison Young principal and managing director of the company’s Philadelphia region, announced today the strategic hiring of highly regarded industry veteran Bill Finnegan. Effective immediately, Finnegan becomes a principal of Avison Young with a mandate to help grow the company’s Philadelphia Center City office. He will also continue to focus on his specialty of corporate tenant representation. Finnegan brings 20-plus years of commercial real

KEARNY, NJ — In a transaction arranged by CBRE, global logistics provider Mainfreight has signed a long-term, 110,147 s/f industrial lease at RTC Properties’ 50 Cable Dr. in Kearny. The CBRE team led by executive vice president William Waxman arranged the lease on behalf of Mainfreight, a provider of managed warehousing, as well as international and domestic freight forwarding services. “Mainfreight’s decision to take industrial space at 50 Cable Dr. is a testament to nort

MONTCLAIR, NJ — Avison Young announced that the company’s New Jersey-based Project Management Services group has been retained as construction manager and general contractor for The MC hotel, the first-of-its-kind, new, boutique hotel in Montclair in nearly 80 years. A joint-venture partnership of The Pinnacle Companies, The Hampshire Companies and Circle Squared Alternative Investments recently commenced construction on the 120,000 s/f, 151-room hotel, which will rise at B

PARSIPPANY, NJ — Avison Young, a commercial real estate services firm, announced that that the company’s Project Management Services group has completed an extensive build out for the new corporate headquarters of Langan Engineering & Environmental Services, a premier consulting firm with nearly 1,000 employees and 25 offices worldwide. The 76,866 s/f space is located at 300 Kimball Dr., a newly renovated office building in Parsippany.After more than 20 years in Elmwood Park,

Saddle River, NJ — Avison Young announced a 105,959 s/f, full-building lease with pharmaceutical billing software company MedAssets, Inc. at Saddle River Executive Center, a class A office property at 1 Rte. 17. The Avison Young team of principal William McCaffrey and senior vice presidents Marc Krieger and Steven Getzeiler oversaw the transaction on behalf of Madison Core Property Fund (MCPF), a real estate fund managed by New York Life Real Estate Investors, while John Fla

PARSIPPANY, NJ — Hollister Construction Services recently transformed nearly 80,000 s/f of empty space into a state-of-the-art headquarters for Langan Engineering & Environmental Services. The new office, which accommodates more than 300 employees, is located on the fourth floor of the five-story, 300 Kimball Dr. in Parsippany. “The success of this project was a team effort. We worked closely with Langan, Avison Young, Gensler and the rest of the team in order to meet project

Morristown, NJ — Jeffrey Heller, Avison Young principal and managing director of the firm’s New Jersey office, announced that Bob Gordon has joined Avison Young as a senior vice president of consulting and advisory. Effective immediately, Gordon will work with Avison Young to help grow the firm’s New Jersey real estate practice focusing on the state’s healthcare sector. Drawing upon more than a decade of experience at large management consulting firms, Gordon will work prima

Parsippany, NJ — Avison Young announced that Garden State Orthopedic Associates, PA has signed a long-term lease for nearly 5,200 s/f at 2 Sylvan Way, a 53,365 s/f, three-story office building in Parsippany. Avison Young senior vice-president Patrick Eichner and vice-president Peter Hedley of the firm’s New Jersey office represented the property owner, Dowell Associates, in the transaction. Currently, 2 Sylvan Way is undergoing major capital improvements, including the expa

WAYNE, PA — Mark Rose, Chair and CEO of Avison Young announced that it has acquired Wayne, Pennsylvania-based project management company Remington Group, Inc. The purchase further expands Avison Young’s business-line coverage in the Philadelphia metropolitan area and commences Avison Young’s project management service offerings in San Antonio, Texas. The change in ownership adds 10 employees to Avison Young’s operations. Effective immediately, Remington Group founder William

York, Pa — The Garibaldi Group, partnered with Avison Young, has brokered a deal to sell 284,582 total s/f of industrial space at 57 Grumbacher Rd. The property is situated on 11.847 acres of land with an adjacent lot of 3.81 acres. The building itself offers 6,000 s/f of office space and 27 dock high doors with 1 drive-in door. The team of Michael Bartolacci and Jerry Moore, both senior brokers at The Garibaldi Group, along with Brendan Kelly of Avison Young were hired by Be

PITTSBURGH, PA — The Western Pennsylvania chapter of the Society of Industrial and Officer Realtors (SIOR) held its annual awards luncheon, honoring the top brokers and transactions of 2014. The top transactions in Western Pennsylvania for 2014 grossed more than $71 million and totaled more than 12.6 million s/f of office and industrial space. William Homa of First American Title Insurance Company; Bob Powderly of First National Bank; and Michael Cigna of Cushman & Wakefield

OAK BROOK, IL — CenterPoint Properties announced the disposition of a 10-building portfolio in the Greater Milwaukee market. The portfolio consists of 1.74 Million s/f and 116 acres of land. Erik Foster, Mike Wilson and Christy Wold with Avison Young co-brokered with Chad Vande Zande, both representing CenterPoint in the transaction. “CenterPoint is heavily focused on growing and reallocating into logistically advantaged markets such as Seattle, Los Angeles, Houston, and Nort