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PHILADELPHIA, PA — Marcus & Millichap has announced the sale of The Parkside Portfolio, a 78,194 s/f retail and office portfolio located in Philadelphia, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The assets sold for $15.375 million. Read More #marcusmillichap #retail #office

PINE BLUFF, AR, BURNSVILLE, MS, ABBEVILLE, MS — Marcus & Millichap announced the sale of a Dollar General multi-state portfolio. Each location consists of a 9,026 s/f net-leased property located in Pine Bluff, AR, Burnsville, MS and Abbeville, MS. These assets sold for a combine sale price of $2,947,680. Read More #MarcusMillichap #DollarGeneral

What is your most notable project, deal or transaction? We recently sold a 25K s/f shopping center in Philadelphia for a little under $12M. This is a fantastic deal story and one of my most notable transactions. The seller is a very well-respected developer in the Philadelphia MSA who took a chance on us to sell his shopping center. My business partners and I competed for the listing and ultimately, we won the business. We marketed the property on a national, regional, and

HAMILTON TWP., NJ — Institutional Property Advisors (IPA), a division of Marcus & Millichap announced the sale of The Court at Hamilton, a 194,106 s/f shopping center anchored by a 150,000 s/f Walmart Supercenter in Hamilton Twp. The property sold for $19.2 million. “The Court at Hamilton is a necessity-based grocery-anchored shopping center developed in 2016 in a high-density market with close proximity to Trenton and Princeton. With little to no competition within three m

Toms River, NJ — Marcus & Millichap,announced the sale of a 52-unit fractured condominium package located in Toms River, NJ for $7,527,500 according to Jim McGuckin, regional manager, and Brian Hosey, broker of record, of the firm's New Jersey office.Andrew Townsend, Ridge McLaren and Clark Talone, investment specialists in Marcus & Millichap's Philadelphia office, represented the seller, a local private investor. Chez Eider, investment specialist in Marcus & Millichap's New

PHILADELPHIA, PA — Marcus & Millichap, a leading commercial real estate investment services firm, has announced the sale of Shops at Red Lion, a 24,688 s/f retail property located in Philadelphia, PA, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $11.975 million.Derrick Dougherty, Mark Krantz, and Scott Woodard, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the propert

WASHINGTON, DC — Marcus & Millichap has announced the sale of 245-249 8th St. NE a 13-unit apartment property located for $3.8 million according to Brian Hosey, regional manager of the firm’s Washington, DC office. Stacey Milam, an investment specialist in Marcus & Millichap’s Washington, DC office, had the listing to market the property on behalf of the seller, a private investor. Daniel Danesh, an investment specialist in Marcus & Millichap’s Washington, DC office, secured

Location: Philadelphia, PA 49% increase of YOY Growth 17 New Employees 113 total closings in 2019, $514,007,383 volume closed, 9.67% YOY commission growth. North Eastern Closing Transactions Volume: $6,739,572,964 Northeast Division Total Transactions: 1484 North Eastern MMCC Loan Volume: $1,107,481,323 Northeast MMCC Transactions Closed: 358 Philadelphia Office Dollar Volume Closed: $514,007,383 READ MORE #bestof2019 #THEFASTESTGROWINGFIRM #MarcusMillichap #PHILLY

WEST NEW YORK, NJ — Marcus & Millichap Capital Corp. (MMCC), one of the leading commercial real estate investment services firms with offices throughout the United States and Canada, announced the sale of 4912 Bergenline Ave., a mixed-use property, in West New York, NJ. The property sold for $6.5 million according to Jim McGuckin, regional manager, and Brian Hosey, broker of record, of the firm's New Jersey office. Fahri Ozturk and Richard Gatto, investment sales specialist

COLLINGDALE, PA — Marcus & Millichap has announced the sale of Wawa, a 5,585 s/f net-leased property located in Collingdale, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $8,057,292. The buyer, a limited liability company, was secured and represented by Derrick Dougherty and Mark Krantz, investment specialists in Marcus & Millichap’s Philadelphia office. The Wawa is located at 910 Macdade Blvd. in Collingdale. Wawa, Inc. is

BALTIMORE CITY, MD — Institutional Property Advisors (IPA), a division of Marcus & Millichap announced that it has closed the sale of Mount Clare Junction, a 234,036 s/f grocery-anchored shopping center in the Mount Clare community of Baltimore City. IPA marketed and transacted the property on behalf of the seller, an unidentified global investment management firm based in New York to an affiliate of Carlyle Development Group, a private real estate equity firm based in Purch

ABERDEEN, NJ — Marcus & Millichap Capital Corp. (MMCC), announced the sale of a 6,000 s/f net-leased property, occupied by Mavis Discount Tire, located in Aberdeen, NJ, for $2,300,000 according to Jim McGuckin, regional manager of the firm's New Jersey office. Jason Petrick, an investment specialist in Marcus & Millichap's New Jersey office, had the listing to market the property on behalf of the seller and represented the 1031 Exchange, out-of-state buyer, both limited liab

HOBOKEN, NJ — Marcus & Millichap, announced the sale of two multifamily properties, one located in Hoboken, which sold for $4 million, and one in Union City, NJ, which sold for $1.86 million, according to Brian Hosey, regional manager of the firm's New Jersey office. "We were able to create a competitive buying environment going to market with our process and putting these deals into our system. We are continuing to see a strong flow of investors seeking stability and yield

DELAWARE VALLEY— Marcus & Millichap has announced the sale of three multifamily properties in the Delaware Valley for $25.9 million. “We are seeing a high level of buyer demand for workforce housing class B and C assets, as well as urban trophy multifamily and mixed-use properties,” said Andrew Townsend, first VP investments in Marcus & Millichap’s Philadelphia office. “Both product types are performing very well in the Philadelphia MSA due to the diverse and tight job marke

ESSEX COUNTY, NJ — Marcus and Millichap's Ozturk-Gatto Group announced three recent transactions in Essex County for a total of $26.4 million. The transactions include: • The Essex County Portfolio - A 130-unit, four-building multifamily portfolio located in East Orange and Irvington, New Jersey that sold for $13.85 million • 259 Reynolds Terrace - A 29-unit multifamily property located in Orange, New Jersey that sold for $3.35 million • 120 Halsted Street - A 42-unit Cl

What is your most notable project, deal or transaction? We have had the opportunity to exclusively market a $48,800,000 medical office campus. The three building mixed-medical campus is located within the life sciences corridor of Clifton, NJ. The buildings are currently 100% occupied.  #FAHRIOZTURK #MARCUSMILLICHAP #40UNDER40

What is your most notable project, deal or transaction? We closed The Shoppes at Pierce, a newly constructed 37,000 square foot strip center for over $12,000,000 in early 2019. The sellers were the original developers and the buyer was a private partnership.  #MICHAELLOMBARDI #MARCUSMILLICHAP #40UNDER40

What is your most notable project, deal or transaction? I just exclusively listed a $78,500,000 shopping center in Howell, NJ. This will be a very high profile transaction in the market and one of the few opportunities for investors to bid on a new construction asset with both stabilized income and significant development upside. Our team has also completed a record number of net-leased transactions representing both sellers and 1031 buyers.  #KARLYIACONO #MARCUSMILLICHAP

What is your most notable project, deal or transaction? Sold NNN BP Lubricants, USA HQ in Wayne, NJ We marketed the property on behalf of the seller, a family office, and generated over 10 written offers on the property from all areas of the country. We ended up closing the deal with a local buyer in a 1031 exchange who assumed the seller’s existing mortgage. Final price was $19,200,000, which translated into a 6% Cap Rate.  #ALANCAFIERO #MARCUSMILLICHAP #40UNDER40

What is your most notable project, deal or transaction? A $47,000,000 (30 year fixed, 15 years interest only/4.50%) 565 beds, Student Housing project in Florida. This project is a Class-A student housing development with first-rate amenities, including resort-style infinity pool with barbeque grills, a waterfall-tunnel feature, fire pit, indoor and outdoor kitchen, game room, tanning beds, dog park, bocce court and much more.  #JOSEPHBELGIOVINE #MARCUSMILLICHAP #40UNDER40