MAREJ
- Oct 30, 2015
C&W brokers $120 million trade of The Meadows Office Complex in Rutherford, NJ
RUTHERFORD, NJ — Cushman & Wakefield’s Metropolitan Area Capital Markets Group has brokered the $120 million sale of The Meadows Office Complex in Rutherford. The 600,000 s/f, two-building office complex traded from a joint venture of Onyx Equities and SL Green to a private investor. According to Cushman & Wakefield’s David Bernhaut, the level of investor interest in the offering reflects strong demand at a transformational time for the New Jersey Meadowlands market. He heade
MAREJ
- Aug 26, 2015
Mack-Cali leases over 918,000 s/f at its northern & central NJ CRE properties in second quarter
NORTHERN/CENTRAL NJ — Mack-Cali Realty Corporation announced that it leased 918,992 s/f at its office and office/flex commercial real estate properties in Northern and Central New Jersey during the second quarter. Portfolio-wide, Mack Cali leased 1,377,100 s/f of space during the quarter.
Highlights include:
•AAA Mid-Atlantic, Inc. signed a five-year renewal for the entire 120,000 s/f building at 700 Horizon Dr., located in Horizon Center Business Park in Hamilton. The tena
MAREJ
- Aug 25, 2015
Cushman & Wakefield inks leases totaling 67,700 s/f
NORTH BERGEN, NJ — Three new, long-term tenant commitments totaling nearly 68,000 s/f at WestSide Center in North Bergen reflect strong demand following the office property’s recent repositioning and modernization by owner Real Capital Solutions. Commercial real estate services firm Cushman & Wakefield’s Curtis Foster and Jerry Shifrin serve as leasing agents for the 300,000 s/f, former Liz Claiborne, Inc. headquarters located at 5901 West Side Ave.• Victoria Classics leased
MAREJ
- Aug 11, 2015
Cushman & Wakefield represents Normandy Real Estate Partners in the 280,892 s/f sale of an LEED
BOSTON, MA – Cushman & Wakefield announced the sale of TripAdvisor | Needham in Needham, Massachusetts to an entity controlled by U.S. Realty Advisors, LLC. The Cushman & Wakefield team, led by president Robert Griffin, vice chairman Edward Maher and executive director Matt Pullen, oversaw the transaction of the newly-constructed, six-story office building on behalf of Normandy Real Estate Partners. As part of the transaction, managing director Jay Wagner and associate Timoth
MAREJ
- Aug 5, 2015
2015 has been a blockbuster year for Beacon Commercial Real Estate thus far
It has been an exciting year for Beacon Commercial Real Estate thus far. We moved our offices from the Radnor Corporate Center to the Radnor Station complex, located just around the corner at 290 King of Prussia Road in Radnor. We have added a new administrative assistant, Jacalyn Talotta, as well as a new director of marketing, Stacey Caldwell. Both bring a level of commitment and tenacity that fits perfectly with Beacon’s philosophy. We have also hired a full time Director
MAREJ
- Jul 30, 2015
C&W inks HQ acquisition for Micro Strategies, Inc.
PARSIPPANY, NJ — Commercial real estate services firm Cushman & Wakefield recently orchestrated the acquisition of 1140 and 1160 Parsippany Blvd. in Parsippany, on behalf of long-time Morris County-based Micro Strategies, Inc. In a significant expansion move, the technology solutions company has relocated its headquarters to the two-building, 46,000 s/f property from locations in Denville and Rockaway. Cushman & Wakefield’s Slava Vaynberg, Marc Trevisan and David Sherman arra
MAREJ
- Jul 29, 2015
Mid Atlantic Real Estate Journal’s Forecast Summit identifies market insights and trends
Photo Caption: Retail Update: Opportunities and Trends was moderated by Matthew K. Harding, president of Levin Management. Panelists included Marta Person Villa, VP of CBRE; Michael Lombardi, director of the Net Lease Property Group and VP of investments for Marcus & Millichap; and Nancy Erickson, senior director/NJ retail leader for Cushman & Wakefield. PARSIPPANY, NJ — New Jersey’s commercial real estate market is showing encouraging signs of stabilization and growth – part
MAREJ
- Jun 19, 2015
Cushman & Wakefield arranges $650m sale-leaseback of Verizon Ops. Center
Basking Ridge, NJ — Cushman & Wakefield has closed a sale-leaseback transaction valued at $650.3 million for the 1.4-million s/f Verizon operations center in Basking Ridge. The Cushman & Wakefield team was led by its real estate investment banking group in combination with the company’s New York brokerage and New Jersey investment sales teams. Cushman & Wakefield acted as financial advisor and placement agent for Verizon on the transaction, which represents the largest sale-l
MAREJ
- Jun 18, 2015
Manekin LLC anounces new ownership for 60-acre Baltimore Washington Logistics Center
JESSUP, MD — Manekin LLC, a leading commercial real estate investor, developer and operating company in the Mid-Atlantic, announced that MCA Assateague JV LLC has acquired the 60-acre Baltimore Washington Logistics Center for an undisclosed sum. The buyer is a joint venture between Boston-based AEW Capital Management and Manekin LLC of Columbia, Maryland. AEW acquired the property on behalf of one of its separate account clients. Manekin LLC’s Owen Rouse, senior vice preside
MAREJ
- Jun 8, 2015
Dermody Properties breaks ground on final building in 1.3 MSF Industrial Park in Carlisle
Carlisle, PA — Dermody Properties, a national industrial development firm headquartered in Reno, NV, together with PCCP, LLC (PCCP), an integrated real estate finance and investment management firm, recently broke ground on a second facility in LogistiCenter Carlisle, a 1.3 million s/f industrial park in Carlisle. Dermody Properties and PCCP broke ground at 1 Ames Dr. on April 9. The 602,250 s/f facility will feature 36 feet of structural clear height, 142 loading docks, 187
MAREJ
- Jun 8, 2015
ResiModel reaches $3.5m in funding from investors
NEW YORK, NY — ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, announced that it has closed on its most recent round of funding. Provided by a group of investors comprising several renowned real estate executives and venture capital firms, this latest round of financing brings the total amount raised by the company to approximately $3.5 million. Investors in this round represent some of the biggest names in both
MAREJ
- Apr 21, 2015
Western PA Chapter of SIOR announces 2014 top transactions
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
MAREJ
- Apr 20, 2015
CREW Philadelphia announces 2015 Board Members
PHILADELPHIA, PA — CREW Philadelphia announced its 2015 Board of Directors. The mission of the organization is to influence the success and achievements of women in the commercial real estate industry. CREW Philadelphia members strategically network and advance their professional skills through leadership development. The 2015 Board of Directors will work diligently to execute the mission of the CREW Network and the Philadelphia Chapter. The Board of Directors includes: Krist
MAREJ
- Apr 16, 2015
Cushman & Wakefield brokers sale of 1 & 7 Costco Drive in Monroe Twp., NJ
MONROE, NJ — Cushman & Wakefield has orchestrated the trade of 1 & 7 Costco Dr. in Monroe Township, from Principal Real Estate Investors to Heitman LLC. Constructed in 2007, the 1.2 million s/f warehouse/distribution asset sits in the heart of the New Jersey Turnpike Exit 8A industrial market. “This transaction is the first widely marketed sale at Exit 8A in some time,” said Gary Gabriel of Cushman & Wakefield’s Metropolitan Area Capital Markets Group, who headed the assignme
MAREJ
- Apr 16, 2015
Landmark Commercial announces recent transactions in Camp Hill, PA
CAMP HILL, PA — Landmark Commercial Realty, Inc. announced the following transactions: • Mindtek, Inc. leased approximately 5,300 s/f of office space located at 150 Corporate Center Dr. in Camp Hill, PA. Roy Brenner of Landmark Commercial Realty, Inc., negotiated the lease on behalf of the tenant. Jason Sourbeer of Cushman and Wakefield represented the landlord, LNR Partners, Inc. (Cumberland Co.) • Sharper Hearing Aid Center, Inc., recently leased an office property located
MAREJ
- Mar 31, 2015
Black Oak Associates and Broad Oak Partners acquire mixed-use property in CNJ for $6.2 million
EWING TOWNSHIP, NJ — A joint venture between Black Oak Associates and Broad Oak Partners has acquired a 98,000 s/f mixed-use property in Ewing Township for $6.2 million. The property, located on 1600 N. Olden Ave., was purchased from 1600 Olden LLC. David Bernhaut of Cushman & Wakefield represented the seller in this transaction. 1600 N. Olden Ave. is anchored by Family Dollar and the State of New Jersey Department of Motor Vehicles. The property consists of a combination of
MAREJ
- Mar 30, 2015
Jackson of Cushman & Wakefield | Grant Street introduces Geiger and Iaquinta to NA Center
Wexford, PA — The Shopping Center located at 10339 Perry Highway in Wexford, known as NA Center, has been purchased by an Investment Group led locally by Pittsburgh-area Moe’s Southwest Grill Franchisees Mike Geiger and John Iaquinta. This center is strategically located in the Wexford Flats at the entrance of North Allegheny Senior High School. The group plans major renovations to the façade and pylon sign of the nearly 17,000 s/f building, and have announced that Moe’s Sout
MAREJ
- Mar 4, 2015
ULI announces 2015 Spring Meeting schedule & speakers
WASHINGTON, DC — The Urban Land Institute (ULI), a research and education organization dedicated to responsible land use and creating thriving communities worldwide, has announced its 2015 Spring Meeting schedule and featured speakers. Keynoters for the event, which will include an emphasis on creative community building for the 21st century, are Richard Kinder, chairman and chief executive officer of the energy pipeline company Kinder Morgan; James Baker III, former federal
MAREJ
- Feb 26, 2015
Kim Brennan joins Colliers Int’l as COO, NY/Tri-state
NEW YORK, NY — Colliers International has further diversified and enhanced its New York/Tri-State operations with the addition of 21-year industry veteran Kimberly Brennan, who joins as the region’s chief operating officer. In her new role with Colliers International, she will be responsible for overall business operations, including P&L, business development, expanding market share, and providing leadership and strategic direction to the New York, New Jersey, and Connecticut