Penwood Real Estate Investment Mgmt. selects JLL to manage two whse./distribution facilities
Linden, NJ — JLL was selected by Penwood Real Estate Investment Management LLC as property manager for the 115,000 s/f 1501 West Blancke St. and the 81,700 s/f 2401 East Linden Ave., both in Linden. The firm will provide a full range of property management services for the two warehouse and distribution facilities.
The JLL team handling the property management assignment includes Linda Aronson, managing director for the New York tri-state region; Angela Alfano, senior vice president/national director and industrial property management lead in New Jersey; Pam Buchmann, general manager for 1501 West Blancke St. and 2401 East Linden Ave.; and Maggie Blazeska, property administrator. The group will work closely with Penwood Real Estate Investment Management’s asset management team.
“Penwood Real Estate Investment Management acquired 1501 West Blancke St. in Linden, a few months ago and recently closed on 2401 East Linden Ave.,” said Alfano. “These are important new assets that provide a foothold in NJ for the real estate company. Ownership turned to JLL for our proven expertise in overseeing all forms of industrial real estate.”
In other JLL news, JLL has hired Christopher Perruna as a senior vice president to oversee the firm’s Project and Development Services team in NJ. Perruna will take over supervision of the group from Jerry Sullivan, senior vice president, as Sullivan transitions to a new role that allows him to be more directly involved with clients by actively leading projects, teams and assignments. Sullivan will continue to lead JLL’s Workplace efforts across the region, developing client relationships and new business.Perruna, 38, has more than 16 years of experience in project and development services, primarily as an architect, owner’s representative and project manager. He has successfully managed a variety of interior commercial, and core and shell (build-to-suit) projects totaling approximately 3 million s/f, with a combined value of $700 million. He has worked with clients in a wide range of industries including pharmaceutical, medical/health care, financial, law, private equity, insurance and media.
“Chris Perruna has completed complex assignments throughout the New York metropolitan region for major corporate clients across a wide range of industries,” said George Ladyman, international director and Northeast regional manager for JLL’s Project and Development Services group.
“His extensive experience in project and cost management, along with his tremendous leadership qualities will be crucial to the continued expansion of JLL’s Project and Development Services platform in New Jersey.”
Prior to joining JLL, Perruna served as director of project management with Gardiner & Theobald LLP, where he oversaw project and cost management services within the construction industry. In his role, Perruna managed a major pharmaceutical corporation’s multi-year expansion, which involved the construction and renovation of more than 350,000 s/f of laboratory and office space. nHe also supervised the relocation of a global insurance company’s headquarters that included a 185,000-square-foot, built-to-suit office property.Previously, he was an associate architect with K. Hovnanian Homes, managing a team of associates producing construction documents, budgets and custom options. Before that, he was an architectural designer with Walter Sedovic Architects.
Perruna earned a bachelor’s degree in architectural engineering from the University of Hartford. He is a licensed real estate agent in the state of New Jersey.JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey’s leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey.