MAREJ
- Aug 31, 2020
Office in the Covid-19 Era
By David L. Church, CCIM Over the past thirty years many corporate offices have given way to cubicles or open work spaces. Some office buildings developed before 1990 with parking ratios of fewer than 4 spaces per 1,000 s/f became functionally obsolete as parking ratios of 5 or 6 spaces per 1,000 s/f became the norm for many tenants. In recent years, the use of shared workspaces by sole proprietors, independent contractors, and employees working remotely exploded – the demand
MAREJ
- Aug 31, 2020
Marcus & Millichap’s Dougherty & Woodard arrange sale of $15.375M Philadelphia portfolio
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
MAREJ
- Dec 21, 2016
Sudler Companies demolishes office building to make way for 757,000 s/f of warehouse space
CRANBURY, NJ — The Sudler Companies is demolishing a 500,000 s/f office building that was once headquarters to major insurance companies in a move that signals evolving economic direction in New Jersey.Cranbury Mayor Dan Mulligan, III, Senator Linda Greenstein, and Cranbury Committee Member David Cook joined Peter Sudler, president and CEO of The Sudler Company at the site at Prospect Plains Road this week to witness the controlled collapse that signifies the changeover of th
MAREJ
- May 17, 2016
Mission Capital arranges $16.5 million in bridge financing for Valley Square in Blue Bell, PA
BLUE BELL, PA — Mission Capital Advisors announced that its Debt & Equity Finance team arranged a $16.5 million bridge loan for Valley Square, a five-building, 289,194 s/f office complex located at 512 Township Line Rd. in Blue Bell. The Mission Capital team of Steven Buchwald and Lexington Henn arranged the loan on behalf of Contrarian Capital Management, a Connecticut-based investment firm (“Contrarian”). After acquiring the complex in 2013 for only $8.5 million, Contrarian
MAREJ
- Apr 5, 2016
Fairbridge Properties of NJ builds momentum for 2016
PRINCETON, NJ — Fairbridge Properties (“Fairbridge”), a privately held real estate investment company, is entering 2016 with significant momentum following a productive year that saw the firm realize strong returns on two asset dispositions, the acquisition of a new cash-flowing, fully-occupied office building and continued success in tenant retention at its properties.
In aggregate, Fairbridge sold approximately 300,000 s/f. The company’s October sale of a double-tenanted r
MAREJ
- Oct 5, 2015
Shaw Industries to open 7,963 s/f showroom at The Feil Organization’s 853 Broadway in NY
New York, NY — Shaw Industries has signed a long-term lease to occupy 7,963 s/f at 853 Broadway in Union Square, announced The Feil Organization, the building’s owner and manager. The Berkshire Hathaway division will take occupancy of the entire third floor at the end of this year to use as a showroom. The third level is the first of three floors that recently were renovated with a glass curtain wall. “The striking visibility, combined with an exceptional view of Union Square
MAREJ
- Sep 22, 2015
Denholtz Associates signs iCIMS to 47,750 s/f lease
Matawan, NJ — Denholtz Associates, a privately held, fully integrated real estate development, investment and management company, has announced the execution of a long-term lease with iCIMS, the leading provider of Applicant Tracking Systems and HR recruiting software, at Metropark South, 100 Matawan Rd. in Matawan, NJ. iCIMS will become the largest tenant at the building, occupying 47,750 s/f.
The 132,655 s/f office building is conveniently located directly off Exit 120 of
Cushman & Wakefield
- Sep 22, 2015
C&W releases NJ Pharma/Life Sciences Market Report
EAST RUTHERFORD, NJ — The pharmaceutical and life sciences industry, a long-time driver of New Jersey’s commercial real estate, continues to boost the state’s economy and office market, according to Cushman & Wakefield’s New Jersey Pharma/Life Sciences Market Report. “Many of the world’s largest pharmaceutical firms either own or lease substantial amounts of space in the Garden State, which has led to its being known as the ‘Medicine Chest of the Nation,’” said Cushman & Wake
MAREJ
- Sep 22, 2015
Vindigni of NAI Hanson brokers sale of 25,600 s/f office building in Chester, NJ
Chester, NJ — NAI James E. Hanson, a New Jersey-based commercial real estate firm announced it has brokered the sale of a 25,600 s/f office building located at 360 Rt. 24 in Chester. Young Bakerin Realty acquired the property and will relocate from its existing office in Flanders. NAI James E. Hanson sales associate, Joseph Vindigni, represented the seller, 360 Rt. 24 Chester, LLC and the buyer in the transaction.
The three story building is situated on more than 7 acres of
MAREJ
- Sep 16, 2015
Savills Studley represents TruMark Financial Credit Union
Fort Washington, PA — Savills Studley represented financial sector tenant TruMark Financial Credit Union in relocating its corporate headquarters to 335 Commerce Dr.
TruMark Financial plans to move into its new 74,009 s/f space in the spring of 2016. The company currently occupies 48,000 s/f of space in Trevose, where it has been located for more than 24 years.
“The move provides TruMark Financial’s members a more centralized location, which the company intends to utilize
MAREJ
- Sep 4, 2015
MGKF’s LEED Gold office achieves 47% energy savings
BALA CYNWYD, PA — Manko, Gold, Katcher & Fox, LLP (MGKF), the environmental, energy and land use law and litigation firm, utilized sustainable design and construction when relocating its headquarters office from the fifth floor to the ninth floor of 401 City Ave. in Bala Cynwyd, Pa in early 2014. MGKF was interested in the long-term cost savings that could be Using ENERGY STAR Portfolio Manager to track directly metered energy consumption and cost, MGKF determined that the ne
MAREJ
- Aug 28, 2015
Colliers’ Susanin, Hilbert & Richardson brokers office lease
Fort Washington, PA — Colliers International has leased one of the last large blocks of contiguous class A space in the Fort Washington submarket to a single user. The 75,000 s/f class A trophy office building at 335 Commerce Dr. will become the new corporate headquarters for TruMark Financial Credit Union.
“This will have a major impact on the Fort Washington office market. This transaction represents nearly 10% of Fort Washington’s class A inventory,” said John Susanin, s
MAREJ
- Aug 5, 2015
NAI CIR inks 12,032 office sale
Southampton Twp., PA — Rupa Engineer & Kevin Cohick, an investment firm, has purchased 12,032 s/f of office space at 9974 Molly Pitcher Highway, Southampton Twp. The Bill Gladstone Group of NAI CIR represented G&C Associates, the property owner, and Chris Baj of Sperry Van Ness Imperial Realty represented Rupa Engineer & Kevin Cohick. Omni Fitness has leased 2,000 s/f of office space at 4349 Carlisle Pike, Hampden Twp. Joseph Bedard and Craig Rahn, both of NAI CIR, represente
MAREJ
- Jul 1, 2015
The S.Hekemian Group signs retail tenants for ES4 office building in Englewood, NJ
ENGLEWOOD, NJ — The S. Hekemian Group (SHG) has signed two leases for the retail component of the company’s under-construction ES4 office building in Englewood, announced senior managing director Peter Hekemian. Panera Bread and Anthony’s Coal Fired Pizza are set for ground-floor occupancy, according to Hekemian, and with another signing anticipated shortly, the 46,000 s/f office building’s 10,000 s/f retail component will be fully leased. SHG officially broke ground for ES
MAREJ
- May 22, 2015
Alfred Sanzari’s Bergen County portfolio 93% leased
BERGEN COUNTY, NJ — In a regional suburban real estate market where vacancies approaching 20% are not uncommon, Alfred Sanzari Enterprises continues to maintain record high occupancy levels throughout its commercial portfolio. The firm’s commercial portfolio – which encompasses well-located office, industrial and retail properties throughout Bergen County – is more than 93% leased, according to Jerry Barta, vice-president/director of leasing and marketing. “We are extremely p