Lansdale, PA — CBRE Group, Inc. (CBRE) has arranged the sale of Tollgate Commons, a 100% occupied, 21,293 s/f multi-tenant retail center located at 1650 Sumneytown Pike in Lansdale for a sale price of $7.2 million. CBRE’s Matthew Gorman and Michael Shover listed the property and represented the seller, a local developer based outside of Philadelphia and the buyer was represented by Keller Williams Commercial out of the Lehigh Valley. “Tollgate Commons is a low-management mul
POTTSTOWN/READING, PA — CBRE Group, Inc. (CBRE) is pleased to announce that it has brokered the sale of North End Shopping Center, a 102,905 s/f neighborhood center located in Pottstown, Pennsylvania, as well as Madeira Plaza, a 164,917 s/f community center located in Reading, Pennsylvania for a total portfolio purchase price of $26.55 million. Brad Nathanson represented the seller, SIN Ventures, and identified the buyer, Medipower Overseas Co., a multinational real estate gr
Philadelphia, PA — CBRE Group, Inc. (CBRE) announced that the team of Michael Shover and Matthew Gorman have brokered the sales of thirteen properties in the first sixty days of 2016, totaling $26,673,150. In all thirteen transactions, CBRE represented the sellers.
The thirteen properties include two Rite Aid’s located in Monroeville, PA and Creedmoor, NC; two Family Dollar Store’s in Alliance, NC and Hookerton, NC; a Burger King and Applebee’s both located in Warren, PA; a
Chevy Chase, MD — Federal Capital Partners (FCP) announces the $88.7 million sales of two Prince George’s County apartment communities, South Pointe and Montpelier Crossing. Located within walking distance of the Southern Avenue Metro station in Temple Hills, MD, the 390-unit South Pointe Apartment property was originally purchased by FCP as Oxon Park and Oxon Terrace in November of 2011. The property underwent an extensive common area improvement plan during FCP’s ownership.
SHORT HILLS, NJ — Mack-Cali Realty Corporation announced that KPMG, a global accounting firm, has signed a new long-term lease for 54,341 s/f at 150 John F. Kennedy Parkway in Short Hills. The Mack-Cali property is a 247,476 s/f, five-story, class A office building ideally located in Essex County, directly off Route 24. The location offers easy access to the Garden State Parkway and the New Jersey Turnpike, as well as to Newark Liberty International Airport.
“We are thrilled
PHILADELPHIA, PA — CBRE Group Inc., one of New Jersey’s largest commercial real estate brokerage firms, announced that its Capital Markets Debt & Structured Finance team has arranged $49.75 million acquisition and improvement financing secured by the Public Ledger Building, the historic 534,004 s/f office property located in the heart of Philadelphia. The CBRE team of James Gunning, Donna Falzarano and Evan Kleppe arranged the financing with a national debt fund on behalf of
ELIZABETH, NJ — CBRE Group, Inc., one of New Jersey’s largest commercial real estate brokerage firms announced it has arranged the sale of the former site of the Elizabeth General Hospital in Elizabeth. The 350,000 s/f former hospital spans a five-acre block and includes a parking structure with more than 500 spaces. CBRE Capital Markets Investment Properties’ Charles Berger and Mark Silverman, in New Jersey, and Elli Klapper, in New York, along with CBRE’s Gil Medina, broker
MONROE TWP., NJ — CBRE Group, Inc., one of New Jersey’s largest commercial real estate brokerage firms, announced that its Capital Markets Debt & Structured Finance team has completed a $7.7 million first mortgage refinancing secured by Monroe Town Center, a 32,205 s/f community retail center in Monroe Township.
The CBRE team of James Gunning, Donna Falzarano and Evan Kleppe arranged the refinancing on behalf of Monroe Center Associates, LLC, marking the second time that th
CARTERET, NJ — CBRE Group, Inc. announced that Jeffrey Dunne, Kevin Welsh and Brian Schulz of CBRE Institutional Properties represented The Hampshire Companies in the $49.5-million sale of a newly developed industrial building at 200 Milik St. in Carteret. The team was also responsible for procuring the buyer, TIAA-CREF. The property, which contains 232,134 s/f of warehouse/distribution space, was constructed in 2012 with modern specifications including 36-foot clear, 52-by-5