MAREJ
- May 7, 2018
CBRE teams led by Lissner, Babikian, Waxman, and Sullivan represented the sellers in 350-acre devel
LINDEN, NJ — The partnership of Advance Realty and Greek Development announced the acquisition of a 350-acre tract of land in Linden, NJ.
With limited opportunities in high-barrier to entry markets such as Northern New Jersey, the developers expect to satisfy the requirements of modern distribution tenants and e-commerce users in search of class A warehouse space.
“The City of Linden has fostered a unique opportunity at Tremley Point,” Advance Realty CEO Peter Cocoziello sa
MAREJ
- Dec 14, 2017
Cushman & Wakefield brokers sale of 580,000 s/f manufacturing/warehouse facility on 65 acres
Vineland, NJ — Commercial real estate services firm Cushman & Wakefield, Inc. served as agent to a Fortune 500 food manufacturer in the sale of 500 W. Elmer Rd., a 580,000 s/f manufacturing/warehouse facility on 65 acres in Vineland, to F&S Produce Co. Inc.
The new location satisfies F&S Produce’s manufacturing needs and cuts six months from the company’s original expansion plan of building another facility in Cumberland County, to increase its production capacity. The manuf
MAREJ
- Jul 31, 2017
Brokers Beware – There’s Trouble In River City
On Broadway, “The Music Man” cautioned against “trouble in River City.” In a pending lawsuit, Berger et al v. Cushman & Wakefield of Pennsylvania Inc. et al, case number 2013-cv-05195, the U.S. District Court for the Eastern District of Pennsylvania is examining trouble from River City; an 8.2-acre parcel along Philadelphia’s JFK Boulevard, marketed as a 12 million s/f mixed-use development, including 600-foot skyscrapers. Berger’s lawsuit accuses Cushman & Wakefield of reckl
MAREJ
- Jul 26, 2017
Cushman & Wakefield arranges sale of Fairview Industrial Park in Central PA
LEWISBERRY, PA — Cushman & Wakefield orchestrated the sale of six flex buildings that comprise Fairview Industrial Park from Allegiancy of Richmond, VA, to Louisville, CO-based Real Capital Partners. The buildings, 509, 515 and 540 Industrial Dr. and 621, 629 and 631 Distribution Plaza, total 270,168 s/f and sold for $11.75 million, said Cushman & Wakefield executive director Gerry Blinebury, who represented Allegiancy and led the Central Pennsylvania team of Robert Yoshimura
MAREJ
- Jul 25, 2017
Cushman & Wakefield | Thalhimer reps. seller in 165,808 s/f sale
ROANOKE, VA — Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller in the sale of the former Allstate Building located at 1819 Electric Rd. in Roanoke. This 165,808 s/f office building, formerly occupied by Allstate Insurance Company, is located in a campus-like setting on over 20 acres in one of Roanoke’s strongest corridors. Amenities of the 3-story property include an onsite cafeteria and gym, as well as abundant parking and large open floor plate
MAREJ
- Jul 18, 2017
Cushman & Wakefield IAG’s Blinebury & Gabriel broker $76.1m ind. asset sale
MIDDLETOWN, PA — Cushman & Wakefield’s National Industrial Advisory Group (IAG) has orchestrated the $76.1 million sale of Capital Logistics Center in Middletown. The five-building industrial portfolio was acquired by an affiliated entity of Dermody Properties from a joint venture partnership of Woodmont Industrial Partners and AEW Capital Management, on behalf of one of its closed-end funds. Cushman & Wakefield’s IAG Northeast Region leads Gerry Blinebury, executive director
MAREJ
- Jun 14, 2017
Cushman & Wakefield | Thalhimer completes sale of The ADP Building in Downtown Norfolk
NORFOLK, VA — Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented City Walk Two, LLC in the sale of The ADP Building located at Two Commercial Place in Downtown Norfolk’s waterfront district. The 288,662 s/f class A office building is 100% leased to AA-credit tenant ADP. The Hampton Roads Economic Development Authority calculated that ADP will generate $1 billion in economic activity each year for Hampton Roads. “To be able to deliver ADP to the region is
MAREJ
- Jun 5, 2017
DRA Advisors acquires $1.07 billion portfolio from Cabot Properties, assets span 21 markets
NEW YORK, NY — New York City-based investment advisory firm DRA Advisors LLC has acquired a 19.8 million s/f industrial portfolio on behalf of its funds from Boston-based private equity real estate firm Cabot Properties, Inc. Eastdil secured and Cushman & Wakefield represented Cabot Properties in the $1.07 billion trade. The portfolio is geographically diversified across 21 markets throughout the United States, including major industrial hubs such as Dallas, Chicago, Columbus
MAREJ
- Jun 5, 2017
1031 Exchange buyer purchases property at 2819 JFK Boulevard in North Bergen, NJ
NORTH BERGEN, NJ — A 41,000 s/f, grocery-anchored North Bergen shopping center has traded in a $19.0 million sale orchestrated by Cushman & Wakefield’s Metropolitan Area Capital Markets Group. The 1031 Exchange buyer purchased the property at 2819 JFK Blvd. from a joint venture partnership. The fully leased asset is located on Rte. 495, just off Rte. 3 and less than one mile from the Lincoln Tunnel. Redeveloped in 2015 to accommodate its anchors – Aldi and Crunch Fitness, bot
Paul G. Garvey, Cushman & Wakefield
- Dec 21, 2016
Philadelphia’s University City is on a Growth Trajectory
University City’s ongoing commercial real estate success is the result of companies realizing that real estate decisions should be based on factors that yield better and more engaged employees; that location, environment and connectivity matter when companies are seeking innovation and change; and that physical spaces affect productivity and creativity.
At the recent University City District’s State of University City presentation, CEO Matt Bergheiser reported that the distr
MAREJ
- Aug 17, 2016
Cushman & Wakefield inks sale of New Jersey office building
MANALAPAN, NJ — Cushman & Wakefield has completed the sale of Justin Corporate Center I, a two-story, 40,000 s/f office building in Manalapan, Monmouth County. The firm’s East Rutherford, NJ-based Metropolitan Area Capital Markets Group (CMG) team of Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Andrew Schwartz and Ryan Larkin represented seller KABR Group, and procured the buyer, the Torsiello Organization.“This property was on the market for a short amount of t
MAREJ
- Aug 10, 2016
Cushman & Wakefield represents ProLogis in 88,000 s/f lease at Baltimore Washington Industrial P
JESSUP, MD — Cushman & Wakefield announced that Aireco Supply, Inc. has leased 88,000 s/f at 8230 Sandy Court in the Baltimore Washington Industrial Park.
Tenants Aireco Supply, Inc. and Reliable Tire will fully occupy this light distribution building. Cushman & Wakefield’s Tilghman Herring, Jarred Testa and Michael Walsh represented Prologis, the global leader in logistics real estate.
Aireco Supply, Inc. is a heating, ventilating, air conditioning and refrigeration (HV
MAREJ
- Mar 29, 2016
The Hampshire Cos. disposes 596,703 s/f industrial building in Mechanicsburg, PA
Mechanicsburg, PA — The Hampshire Companies announced the sale of a 596,703 s/f industrial building located at 1225 South Market St. in Mechanicsburg to Allen Distribution.
1225 South Market St. sits on just over 100-acres, with 35.11 acres of excess land for future development, in Cumberland County in the Central PA submarket. The location offers all components necessary for East Coast distribution including a strong highway network, freight hubs, 3PL carriers, corporate n
MAREJ
- Mar 11, 2016
Cleary Gottlieb Steen signs 114,598 s/f lease at Skanska office building development
WASHINGTON, DC — Skanska USA Commercial Development, Inc. announced that Cleary Gottlieb Steen & Hamilton LLP, a global law firm, has signed a lease for 114,598 s/f at 2112 Pennsylvania Ave., NW. This lease agreement comes three months after Skanska announced the speculative start of the project. 2112 Pennsylvania Ave., NW will be an 11-story, 250,000-s/f Trophy office building that includes 10,000 s/f of ground floor retail delivering in the first quarter of 2018.
“We were
MAREJ
- Dec 28, 2015
Cushman & Wakefield orchestrates 42,000 s/f Meadowlands building purchase for Sun Noodle
CARLSTADT, NJ — Sun Noodle has purchased a 42,000 s/f industrial building at 40 Kero Rd. in Carlstadt. Commercial real estate services firm Cushman & Wakefield orchestrated the transaction, which represents a major expansion of Sun Noodle’s New Jersey factory operation.
Cushman & Wakefield’s Andrew Schiffer and James Yamauchi represented Sun Noodle in the purchase. Greg Sholom from Team Resources served as broker for the seller, A.S. Willemsen, LLC.
Sun Noodle initially lea
MAREJ
- Dec 15, 2015
Berkman & Gichner of Cushman & Wakefield represents Cornerstone Real Estate Advisers LLC
WASHINGTON, DC — Cushman & Wakefield represented Cornerstone Real Estate Advisers LLC, acting on behalf of an institutional investor, in the sale of two buildings located at 1501 Pennsylvania Ave. NW and 730 15th St. NW (pictured). The two historically significant properties, which total 117,000 s/f are located one block east of the White House and are fully leased to Bank of America. Executive directors Eric Berkman and Steven Gichner brokered the transaction on behalf of
MAREJ
- Dec 10, 2015
C&W orchestrates trade of pending LEED Silver building
EDISON, NJ — Commercial real estate services firm Cushman & Wakefield has orchestrated the trade of Metroview in Edison. Mack-Cali Realty Corporation acquired the 196,000 s/f, 10-story trophy office tower.
Cushman & Wakefield’s Metropolitan Area Capital Markets Group, headed by Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt, represented the seller and procured the buyer in the sale.
Located in Metropark, New Jersey’s premier mass-transit-served
MAREJ
- Dec 4, 2015
NAI Commercial Partners announces $4.2m ind. sale
LANCASTER, PA — NAI Commercial Partners, Inc. announced the sale of an industrial building comprised of 144,620 s/f. The building is located at 1275/1277 Manheim Pike in Lancaster. The property sold for a price of $4.2 million. Tom McDermott, CCIM, SIOR of NAI Commercial Partners, Inc. represented the buyers, Hess Brothers, LLC and Brian Hilger of Cushman & Wakefield represented the Sellers, Delmarva Millwork Corporation. Thomas McDermott #NAICommercialPartnersInc #TomMcDermo
MAREJ
- Nov 20, 2015
Federal Capital Partners acquires office bldg. for $84m
HERNDON, VA — Federal Capital Partners (FCP) announced the $84 million acquisition of One Dulles Tower, a 400,000 s/f class A office building prominently located at 13200 Woodland Park Dr. on the Dulles Toll Rd. in Herndon, VA, just two miles east of Dulles Airport. FCP vice president, Erik Weinberg, said, “One Dulles Tower, which has been 100% leased to Booz Allen Hamilton, will be vacated at the end of the year, providing FCP with the perfect opportunity to renovate and rep
MAREJ
- Nov 11, 2015
Cushman & Wakefield recognizes its top women in business
How do you contribute to your company and/or the industry? I work directly with retail landlords and tenants on a variety of projects, and with potential investors looking to learn about the regional market or specific properties. I also manage Cushman & Wakefield’s New Jersey retail team, and support our regional property management and capital markets teams with their retail-related client needs. On a national basis, I am the local point person for Cushman & Wakefield broke