5-27-11 MARE Journal

Page 1

REAL ESTATE JOURNAL Vol. 23, Issue 10

Inside:

May 27 - June 9, 2011

Sections

the most comprehensive source for commercial real estate news

3rd Annual Green Buildings Summit

Mid Atlantic .......................................................Section A

Thursday, June 02, 2011 7:30 AM - 5:30 PM

DelMarVa ............................................................Section A

Trenton Marriott, New Jersey

LEARN FROM THE EXPERTS

Shopping Centers ......................................... Section B

Keynote Speaker:

Contractors, Owners & Managers ........ Section C Industrial/Distribution Centers............ Section D 3rd Annual Green Building Summit .....Section E

Spotlights / Features Auction Pages ............................................................ 4-5A People on the Move ....................................................12A Business Card Directory .........................................14A Calendar of Events......................................................15A Retail Architecture, Construction & Engineering...........................................................5-13B

Columnists

Caren S. Franzini, CEO New Jersey Economic Development Authority Come learn from the expert panelists and attend one of our workshops and earn AIA and USGBC credits For more information or to register visit: www.marejournal.com

Top industry leaders of today’s commercial, industrial, retail and multifamily investment properties, examine the latest methods, best practice scenarios and governmental issues facing the industry. .................. Section E

Industrial/Distribution Centers

Dave Wood. .......................................................................2A

Next Issue June 10, 2011

John Bown, III

Penny Cannella

Edd Connor

• Mid Atlantic • Appraisal Institute Spotlight • NJ featuring Northern New Jersey • PA featuring Central Pennsylvania 5 sections, 104 pages

Edmund P. Klimek

Jeffrey J. Milanaik

Louis V. Oliva

Steve Willems

Industry Leaders give current state of the market ............................Section D

A Inside Cover — May 27 - June 9 , 2011 — Mid

Atlantic Real Estate Journal

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`

3RD ANNUAL GREEN BUILDINGS SUMMIT 2011 EAL ESTATE JOURNAL

Thursday, June 2, 2011 Trenton Marriott, New Jersey KEYNOTE SPEAKER:

MODERATOR

MODERATOR

Caren S. Franzini, CEO NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

Michele T. Tantalla Associate CONNELL FOLEY LLP

Franzini has served as Chief Executive Officer of the New Jersey Economic Development Authority since January 1994.

Mark Warner David Horowitz, LEED AP Founder/CEO Senior Vice President SUN FARM NETWORK TISHMAN CONSTRUCTION CORPORATION

James V. Mascaro, CCIM, LEED-AP Development Director DP PARTNERS

Jason Kliwinski, AIA, Nicholas J. Kikis LEED AP, BD&C/O&M Director of Regulatory Director of Affairs & Research Sustainable Design NEW JERSEY SPIEZLE ARCHITECTURAL, APARTMENT ASSOC. GROUP, INC.

Jeanne Schubert Barnum Co-chair of Construction Industry Practice Group SCHNADER HARRISON SEGAL & LEWIS LLP

James P. Rhatican Partner CONNELL FOLEY LLP

William Amann, P.E., LEED AP President M&E ENGINEERS, INC.

Andrew Hathaway, LEED AP Director, Sustainability Consulting STEVE WINTER ASSOCIATES, INC

Laurie Actman Dir. of Strategic Partnerships and Public Policy VIRIDITY ENERGY

Brad A. Molotsky Executive V.P. & General Counsel BRANDYWINE REALTY TRUST

Darren Molnar-Port, Code Specialist STATE OF NEW JERSEY DIVISION OF CODES AND STANDARDS (partial list of speakers)

Morning Conference followed by two Custom Workshops Sign up for of one our 2 workshops and earn AIA and USGBC credits MID ATLANTIC REAL ESTATE’S CLIENTS & ADVERTISERS receive a 15% DISCOUNT. When registering enter promo code: MAREJ For more information or to Register please visit www.marejournal.com or call Linda Christman 800-584-1062 x 203 SPONSORED BY

SUPPORTING ORGANIZATIONS

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Mid Atlantic Real Estate Journal — May 27 - June 9, 2011 — 1A

3RD ANNUAL GREEN BUILDINGS SUMMIT 2011 Hosted by

EAL

ESTATE JOURNAL

Thursday June 2 Trenton Marriott, New Jersey

U.S. GREEN BUILDING COUNCIL - NEW JERSEY Mid Atlantic Real Estate Journal (MAREJ) in conjunction with US Green Building Council-New Jersey (USGBC-NJ) is pleased to announce our 3rd ANNUAL GREEN BUILDINGS SUMMIT‘11.

REGISTRATION NOW OPEN The event will provide the perfect platform to meet face-to-face and Network With: Commercial Developers, Property Owners, Redevelopment Experts, Contractors, Architects, Engineers, Attorneys, Consultants, Environmental Professionals, Multi-Family Investors, Urban Planners, Local and State Government Officials and Economic Development Agencies and more! Thursday, June 02, 2011, 7:30 AM - 5:30 PM at The Trenton Marriott, Trenton NJ CONFERENCE TOPICS TO INCLUDE: • ANALYZING THE CURRENT STATISTICS: A DISCUSSION ON GOING GREEN • BUILDING GREEN: CREATING A “NET-ZERO ENERGY” OR “CARBON-NEUTRAL” STRUCTURE •THE ECONOMIC ADVANTAGES OF GREEN BUILDINGS •EMPLOYING RESOURCE-EFFICIENT MATERIALS TO ACHIEVE COMFORTABLE, SAFE AND SUSTAINABLE BUILDINGS •GOVERNMENT LEGISLATION FOR ECO-FRIENDLY BUILDING CONSTRUCTION AFTERNOON WORKSHOPS: Workshop#1 USGBC-NJ WORKSHOP & EXAM PREP: FUNDAMENTALS OF SUSTAINABILITY & LEED GREEN ASSOCIATE EXAM PREP WORKSHOP(4 Hours) ( 4 AIA Learning Units) Workshop#2 DESIGNING BUILDINGS FOR ENERGY EFFICIENCY AND CORPORATE SUSTAINABILITY- A VIEW FROM THE GREEN OFFICE. (Two - 2 Hour Sessions) (Submitted for 2 AIA and 2 USGBC Learning Units) For Sponsorship, Speakers & Exhibiting Opportunities Are Still Available CALL LINDA CHRISTMAN 800-584-1062 X 203 or EMAIL lchristman@marejournal.com REGISTER AT WWW.MAREJOURNAL.COM

A — May 27 - June 9, 2011 — Mid

Atlantic Real Estate Journal

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Mid Atlantic

They wrote the policy.

Real Estate Journal

Mid Atlantic Real Estate Journal Publisher.............................................................................Linda Christman Co-Publisher..........................................................................Joe Christman

Associate Publisher............................................................Dianna Mallozzi

We make sure they write the check.

Associate Publisher............................................................. Elaine Fanning Senior Editor/Graphic Artist................................................. Karen Vachon

Office Manager....................................................................Joanne Gavaza Editorial Consultant.............................................................. Ben Summers Guest Columnist....................................................................... Dave Wood Contributing Columnist........................... Rose Evans, Levin Management

By Dave Wood

“Lighten Up�

M. MILLER & SON Public Adjusters

Since 1960

1211 Liberty Ave., Hillside, NJ 07205 ďż˝ Tel: 908-355-4800 adjuster@mmillerson.com ďż˝ www.mmillerson.com

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very day, when we pick up a newspaper, turn on the television, listen to the radio or go online, we’re bombarded with difficult issues: drugs, violence, scandals in Washington, economic turmoil, child abuse, armed conflicts around the globe—the list is endless. It’s a wonder we’re not all on Prozac. Ratcheting this phenomenon down a level and applying it to you and your everyday work, I suspect that the bulk of items that cross your desk are also stress-inducing problems and demands from others. Definitely not the types of things that make you smile. Given all the seriousness that surrounds us, isn’t it about time we lightened up a bit? People in business today are exposed to more printed, electronic and promotional material than ever before. Everyone is seeking to gain your attention and persuade you to take their preferred course of action, which usually translates to buying the products or services they’re selling. Take newsletters, for example. I’m willing to bet that you receive a minimum of three or four every week. I’m also willing to wager that few, if any, receive more than a cursory glance. Why? Because you have a limited amount of time, and unless you quickly perceive some personal benefit, it’s in the can and you’re on to something else. One of the ways to “hook� somebody—get them to see some value in reading what you

Corporation; Josh Quinter, Kaplin Stewart

Mid Atlantic Real Estate Journal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 23 Issue 10 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY

MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com

The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal

have to say, is to make them laugh. If you can entertain someone, while at the same time imparting a bit of useful knowledge, you’re virtually guaranteed to get your promotional message across, too. If you’re publishing a quarterly newsletter, include a cartoon, along with a joke or cute story (in good taste, of course). Though it’s nice if they relate to your field of business in some manner, it’s not a prerequisite. When writing a letter or memo, don’t begin with that stuffy, “In response to your letter of July 14‌â€? or “This letter is to introduce my company, Woody’s Widgets‌â€? Is that the way you talk? Of course not. Then don’t write that way! Some of the best, and most acceptable humor is that which is self-deprecating. It sends a signal to others that you don’t take yourself too seriously. You’re also unlikely to offend anyone when you make fun of yourself. A line such as, “Though it’s easy for a guy with a honker the size of mine to sniff out a good opportunity, I have no doubt that

someone like you, with a more modest proboscis, can sense the possibilities too.� It should be noted that one can employ this type of humor without sacrificing one’s professionalism. Think for a minute about your favorite sales reps and others with whom you do business. Aren’t those who top the list are the same ones whose company you most enjoy—and who make you smile the most? Studies have shown that not only does humor reduce stress (it even adds to your life span), but it also sells. We usually choose our companions—both on the job and off—by those who make us feel good. And we almost always feel good about people who make us laugh. Life may not be a joke, but nor is it a tragedy. Look for ways to lighten up your interactions with others—written and spoken—and you’ll not only feel better, but your business will be healthier, too. David W. Wood is a Deering, NH based copywriter, newsletter publisher and marketing consultant specializing in the construction industry. n

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Mid Atlantic Real Estate Journal — May 27 - June 9, 2011 — A

Mid Atlantic Real Estate Journal Cass handles office lease in Lower Allen Twp., PA

Pierce of High Associates negotiates 5,150 s/f leases

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ower Allen TWP., PA — Gregg Moore of Great Clips has leased 1,200 s/f and will open this Spring at the Windsor Park Shopping Center in Lower Allen Township. Great Judy Pierce Clips has more than 2,900 salons in the US and Canada and is the country’s largest single brand hair salon, providing family haircuts at discount prices with no appointment required. Judy Pierce of High Associ-

ates Ltd’s Harrisburg Regional Office represented both parties in this transaction. LA Weightloss, LLC, a division of Herbal Magic, Inc., has leased 2,250 s/f in the Capital City Plaza in Denise Cass Lower Allen Township. A Spring opening is planned. James Creed Jr. of Fameco Real Estate represented the tenant, and Judy Pierce of High Associates Ltd’s

APARTMENT & COMMERCIAL LOANS ARE NOW AVAILABLE AT GREAT TERMS ARRANGED BY

Meridian arranges $114m package of mortgages New York, NY – Meridian Capital Group, LLC arranged a $114 million package of mortgages to refinance a significant multifamily portfolio owned by The Dermot Company and Principal Real Estate Investors. The 34-property multifamily portfolio contains 982 apartment units and eight retail spaces located in Brooklyn, Queens and Manhattan in New York. The 5-year package of loans features fixed-rates of 3.75% and were provided by a local savings bank. Scott Assouline, a senior broker based out of Meridian’s New York City headquarters, along with David Farhadian, negotiated the financing and Stephen W. O’Connell and Tracy L. Daniels of Hartman & Craven LLP represented The Dermot Company in this transaction. “Meridian was able to obtain this highly favorable rate for The Dermot Company and Principal Real Estate Investors by articulating the strength and quality of the assets, the operational experience and expertise of the sponsor, and by leveraging one of Meridian’s proprietary lending relationships,” said Assouline. “The Dermot Company’s entire deal team, and their legal counsel in particular, contributed greatly to the successful and efficient execution of this loan.” n

Harrisburg Regional Office represented the landlord in this transaction. Nicole Jones Queen, Owner/ President of First Infinity Construction, Inc., has leased office space from Sandra King at 4609 Gettysburg Road in Lower Allen Township. First Infinity Construction, Inc., headquartered in East Point, Georgia, will run its local construction projects from the new Mechanicsburg location. Denise Cass of High Associates Ltd’s Harrisburg Regional Office represented both parties in the transaction. n

FORMAN MORTGAGE CO. APARTMENT & COMMERCIAL FINANCING SPECIALISTS FOR OVER 50 YEARS

Apartments 4.25% - 5% * Commercial 4.50% - 5.25% LOANS TO 75% LTV OR 100+% with COLLATERAL AMORTIZATION TO 30 YEARS * RENEWALS AT NO COST MOST LOANS - NON RECOURSE NO PRE PAYMENT PENALTY PERIODS

FORMAN MORTGAGE CO. NJ’s LARGEST INDIVIDUALLY OWNED COMMERCIAL MORTGAGE BROKER

HAS ARRANGED FINANCING FOR THESE RECENT LOANS: • $3,900,000 Apartment & Offices - Bergen County - 4.50% • $3,800,000 Apartments - Atlantic County - 4.35% • $500,000 Apartment - Monmouth County - 5.0% • $3,200,000 Apartments - Union County - 4.50% • $4,000,00 Retail - Pennsylvania - 5.25% ( 25% Personal Liability)

FORMAN MORTGAGE CO. THE APARTMENT & COMMERCIAL FINANCING SPECIALISTS

PHONE (973) 625-7982 FAX (973) 625-7985 EMAIL paul@formanmortgage.com TOTAL LOANS PERSONALLY PLACED EXCEED $1,500,000,000 March. 11

All loans subject to final lender approval.

A — May 27 - June 9, 2011 — Mid

Atlantic Real Estate Journal

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MAREJ Auctions $17,239,000, matching eager buyers with motivated sellers

Max Spann Auctions bring four stalled communities to sell in minutes

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EW YORK , NY — The eight, two-bedroom condominiums in Bergen County, NJ, a few miles from the George Washington Bridge, had sat on the market for more than two years. On the Jersey Shore, 10 units in a newly constructed beachfront midrise sat for 28 months without a buyer. Along Delaware’s strip of beachfront resort, 10 luxury condos just one block from the Atlantic Ocean sat unsold for 25 months. In Blue Bell, PA, 32 condo conversions sat on the market since 2007. But at four separate auctions this spring, the 60 units were sold in a matter of minutes by Max Spann Real Estate & Auction Co. The national real estate auctioneer, which recently opened an office in Manhattan to serve the growing need in New York, has found a profitable niche in a real estate market that is

The Verona, Wildwood Crest, NJ still struggling to recover by sellers together in an open matching eager buyers with bidding process where the true motivated sellers. market value of a property can “These were all desirable be determined.” properties, but they came to During the last few years, the market at a time when it Max Spann has seen its busicould not support the develop- ness skyrocket as developers ers’ original asking prices,” said and banks turn to the company Max Spann Jr., president of the to deliver results. The leadfirm. “We have been successful up to a Max Spann auction because we bring buyers and typically includes an aggressive

media campaign consisting of advertising, billboards, direct mail, e-blasts and public relations to generate a sense of urgency in the marketplace, Spann said. Bidders have several opportunities to view properties a few weeks before the auction. Buyers come to the auction hoping to walk out with a bargain. Winning bidders can know they paid a fair price because they see the other bidder’s and what they will pay, Spann said. Meanwhile, Max Spann clients are relieved to have the properties sold. For developers and banks, Spann said, an auction is often the most efficient and cost effective way to sell property quickly instead of the drawn out process of traditional real estate sales. A May 15 Max Spann auction at the Borgata Hotel & Casino in Atlantic City attracted people from Philadelphia, New York, Long Island, Delaware, Wash-

ington, D.C. and, of course, New Jersey. Minimum bids started at $125,000 for 10 units in the Verona Condominiums, a new beachblock luxury midrise in Wildwood Crest, New Jersey’s world-renowned beach resort. Within 30 minutes, Max Spann sold $4.9 million worth in real estate, It was the company’s seventh auction in the Wildwoods. Last year, the company earned the distinction of selling half of all the real estate in the Wildwoods. For those who want to participate in the action, Max Spann is holding another auction on the Jersey Shore. On June 25, the firm is auctioning 10 waterfront condominiums in Atlantic County’s prestigious Harbour Cove North community in Somers Point. Bids start at just $175,000 on residences with previous asking prices as high as $935,000. The auction will be held at the Borgata Hotel Casino & Spa in Atlantic City. n

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Auctioneers Directory

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Mid Atlantic Real Estate Journal — May 27 - June 9, 2011 — A

MAREJ Auctions LIVE ON-SITE AUCTION FRIDAY, JUNE 17, 2011 AT 3:00 PM 6116 JEFFERSON DAVIS HIGHWAY WOODFORD, VA 22508 665 FT. OF RT. 1 ROAD FRONTAGE!! AND CLOSE TO I- 95 To settle the Estate of Wilson M. Corr, Sr. (Frederick J. Getty, Esq.--Special Commissioner), we have been chosen to market and sell this valuable acreage at public auction. This is a great opportunity to invest in the present and the future of Spotsylvania County!!

AUCTION JUNE 16

LENDER DIRECTS IMMEDIATE SALE OF NON-PERFORMING NOTE GERMANTOWN CHARTER SCHOOL 4807-15 GERMANTOWN AVENUE, PHILADELPHIA, PA

• 69.984 prime well located acres w/2 story 4 BR/1 BA home • Over 665' of road frontage of heavily traveled Rt. 1 (Jefferson Davis Highway) • Approx. 60% wooded and 40% clear • Labeled as an "Employment Center Area" under the current Spotsylvania County Comprehensive Plan

• Within minutes of two I-95 Exits Commercial potential abounds!! • Close proximity to public water/sewer • Tax Map 076-A-00-2; Deed Book 96, Pg. 435; Zoned A-2 • Final bid must be approved by the Courts

ATTN REALTORS: Pre-registered (by 5 pm 6/16/11) broker participation is encouraged and compensated!!

Please contact Tony Wilson for more information or a private preview of the property Nicholls Auction Marketing Group www.nichollsauction.com (540.748.1359)

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6A — May 7 - June 9, 011 — Mid

Atlantic Real Estate Journal

Join us as we honor distinguished leaders who prepare Charter High School for Architecture + Design students to design the future!

ANNUAL GALA

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Mid AtlAntic ReAl estAte JouRnAl 40,000 s/f, multi-tenanted industrial / flex property

CHAMPAGNE BREAKFAST

Richter Grusd announces Avenel Business Ctr. for sale

The Shape of Learning

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Friday, June 17, 2011

7:30 – 9:00 am

Independence Seaport Museum, Penn’s Landing 211 South Christopher Columbus Blvd. Philadelphia, PA 19106-3199 Sponsor or purchase tickets online at CHADgala.Kintera.org/2011 Questions? Contact Courtnay Tyus at ctyus@chadmail.us or 215-351-2900 x4421.

Parking is available at the Hyatt Regency Philadelphia at Penn’s Landing parking garage, adjacent to the Museum.

VEnEL, nJ — Sperry Van ness | Richter Grusd, a commercial real estate brokerage firm serving new Jersey, announced the listing of the Avenel Business Center located at 22 Cragwood Rd., Avenel. The 40,000 s/f, multi-tenanted Industrial / Flex property is 100% leased and is being sold by the family of the original developers for $2.995 million. “This property is being sold for well below its replacement value,” says Doug Richter, Managing Director of the Metropark based organization. “Its proximity to the Ports and newark Liberty Airport makes it an excellent location for businesses looking to serve the state’s distribution market.” In addition to its central

Avenel Business Center location off of Exit 12 of the bustling submarket. Turnpike, the building inManaging directors Doug cludes a diverse base of local Richter and Ian Grusd were and national tenants. Richter both recently named Top 20 states that the investment Advisors in the US by Sperry property provides a perfect Van ness International (SVnI) opportunity for regional in- out more than 800 advisors navestors to own a property in a tionwide. n

Pennsylvania Prison Society inducts Kaplin Stewart cofounder, William Stewart, Esq. as president of the BOD PHILADELPHIA, PA — William Stewart, Esq., cofounder and principal of Kaplin Stewart was inducted on May 4, 2011 as the president of the Board of Directors of the Pennsylvania Prison William Stewart Society. Stewart has been involved with the Pennsylvania Prison Society for the last four

years. Founded in 1787, the Pennsylvania Prison Society is a social justice organization headquartered in Philadelphia. The organization promotes humane and restorative corrections by serving thousands of prisoners, ex-prisoners and their family members each year through direct services and programs, prison visitation, and public education. Stewart is the Chair of Kaplin Stewart’s Real Estate Transactions Department.

In his practice Stewart represents a wide array of businesses, using the knowledge and skills he acquired as a businessman by owning and developing major real estate projects, including apartment projects, condominiums, office buildings, residential and golf course developments. Stewart is a member of the Pennsylvania State Bar Association, and the Franchising, Corporate Real Estate and Banking committees of the Montgomery County Bar Association. n

Editorial dEadlinEs arE 14 days Prior to Publication datE

JunE 10

deadline: May 30 Special features: Northern New Jersey • Central New Jersy • Appraisal Institute Spotlight

June 24

deadline: June 10 Special features: Maryland • Retail Profiles/Retail Organizations • Building Facilities Maintenance • Mid Year Review

Editorial Requirements: Press releases and announcements: 250 words with photo. Expert articles: 460 words with photo. Expert articles (for spotlights): 500 words with photo.

Mid Atlantic Real estate JouRnal, P.O. Box 26 Accord, MA 02018 312 Market St., Rockland, MA 02370 (overnight) Phone: 800-584-1062 or 781-871-5298 Fax: 781-871-5299 lchristman@marejournal.com marejournal.com

D el M ar V a DelMarVa RReal E state Journal eal Estate Journal MAREjournal.com

Mid Atlantic Real Estate Journal — DelMarVa Real Estate Journal — May 27 - June 9, 2011 — A

Bogart represented both the buyer and seller

Calkain Companies closes $13.8 million net lease

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airfax, VA — Calkain Companies, a national real estate investment brokerage firm, represented both seller and buyer on a cobranded Walgreens and PNC Bank ground lease. The transaction sold for $13.8 million which equated to the largest net leased retail transaction in the Washington, DC area in the last several years. The sale price represented a 5.90% capitalization rate which is indicative of the reach that Calkain Companies has to match investors with sound real estate investments. Jeff Bogart, tax strategy specialist of Calkain Companies, represented both the buyer and seller. “Ground leases are not as prevalent as fee simple properties and as such, demand is

Generic Walgreens high for Walgreens (Standard property more unique in today’s and Poors: A+) and PNC Bank market. The intrinsic value of (Standard and Poors: A+) qual- the real estate also helped ity of credit coupled with the drive the cap rate to 2007 levadded security of ground lease els as it is located in Fairfax ownership. Both leases had County, Virginia - which has rental increases every 5 years, a top 10 national ranking for which, in comparison to typical median household income, at Walgreens’ leases, made this well over $110,000. n

Washington, DC — Cassidy Turley arranged $46.5 million in debt financing for Georgetown Center, two office buildings totaling 293,845 s/f. John Campanella secured the five-year, interest only loan from a CMBS lender on behalf of the owner, The JBG Companies. Georgetown Center is located at 2121 and 2115 Wisconsin Ave., NW. Currently 92 percent leased, the properties serve as a major off-campus location for Georgetown University and MedStar Health, two anchor tenants which require locations convenient to Georgetown University’s main campus and hospital located less than one mile away. JBG acquired a 100 percent interest in Georgetown Center along with the acquisition of a majority interest in 1600 K Street last month. In other news, Cassidy Turley and the Apartment and Office Building Association of Metropolitan Washington (AOBA) announced today that 500 New Jersey Avenue, NW has been awarded the Middle Atlantic Regional Outstanding Building of the Year Award

in the Under 100,000 Square Foot category by the Building Owners and Managers Association (BOMA). In addition, the property has advanced to the BOMA International Outstanding Building of the Year Award competition, the winner of which will be announced at the BOMA International Annual Convention on June 28, 2011 at the Gaylord Hotel and Convention Center in National Harbor, MD. 500 New Jersey Avenue also earned 2010 The Office Building of the Year Award (TOBY) in the Under 100,000 Square Foot category for metropolitan Washington, DC, and the Grand TOBY Award, which is chosen from all regional category winners and recognizes the best of the best. BOMA International’s TOBY Awards program is the most distinguished awards program of its kind in the commercial real estate industry, recognizing and rewarding excellence in office building management. “This award and the chance to compete for the International Outstanding Building of the Year Award is a tes-

Cassidy Turley secures financing for Georgetown Center in Washington, DC

tament to the team’s hard work and commitment to excellence in property management,” commented Benjamin Comm, CPM, Managing Director of Property Management with Cassidy Turley. “We strive to incorporate the industry’s best practices into our operating plan for all properties, while fostering professionalism,teamwork and professional growth, and are honored to be recognized by BOMA for these accomplishments.” Cassidy Turley’s winning property management team includes: Brad Clark, Property Manager; Mike Reilly, Lead Engineer; Crystal Price, Property Assistant; and Jose Umanzor, Maintenance Porter. Now in its 27th year, the TOBY Award competition consists of three levels of judging. Local BOMA Associations hold the first level of competition. Winning entrants then advance to the regional level, and finally, regional winners advance to the international level. International winners are recognized at BOMA International’s Annual Convention in June each year. n

At 1651 Old Meadow Road

Newmark Knight Frank brokers 11,685 s/f lease McLean, VA ­­— Newmark Knight Frank has represented Sage Communications, one of the fastest growing full-service marketing communications firms in Greater Washington, D.C. specializing in the government, technology and healthcare markets in its relocation and expansion to new offices at 1651 Old Meadow Road. The D.C.-area communica-

tions firm, represented by Newmark Knight Frank’s Larry Bank, Bill Zonghetti and Brian Schmergel, signed a long-term lease for 11,685 s/f. The move marks an expansion from 8229 Boone Blvd. in Vienna, where it now occupies 6,500 s/f. The move is scheduled for July 2011. Transwestern represented the owner, 1651 Old Meadow Road, LLC. n

CoStar recognizes top dealmakers in commercial RE WASHINGTON, DC — CoStar Group, Inc., commercial real estate’s leading provider of information and analytic services announced the winners of the 2010 CoStar Power Broker Awards, recognizing the best of the best in commercial real estate brokerage. Each year, CoStar tallies the commercial real estate sales and lease transactions that closed during the previous year and presents CoStar Power Broker Awards to the firms and individual brokers who closed the highest transaction volume in commercial property sales and leases in their respective market. As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. “CoStar Group is very proud to recognize the select few commercial real estate brokerage firms and brokers who performed at the industry’s highest level and achieved remarkable sales and leasing success in 2010,” said CoStar Group founder and CEO Andrew Florance. “These top performers truly represent the best of the best in commercial real estate, and they deserve to be recognized for their proven deal-making abilities. We congratulate all the award winners on their impressive professional accomplishments.” The CoStar Power Broker

Awards span the country, recognizing winners from Birmingham and Jacksonville to Sacramento and San Jose, from Phoenix and Orange County to Milwaukee and Minneapolis, and from San Jose and Denver to Nashville and Cincinnati. Winners include brokers from such major firms as CB Richard Ellis, Cassidy Turley Commercial Real Estate, Colliers International, Cushman & Wakefield, Eastdil Secured, Henricks & Partners, HFF, Grubb & Ellis, Jones Lang LaSalle, Marcus & Millichap, NAI Global, Studley, Transwestern and hundreds ofother firms. Now in their ninth year, the CoStar Power Broker Awards recognize the top firms and individual dealmakers by market based on overall transaction volume during the previous year. All awards are based on transaction data in CoStar’s commercial real estate database, the largest, independently researched database of commercial real estate property information available online. Information in CoStar’s database is verified and continuously updated by approximately 900 CoStar researchers, comprising the largest commercial real estate research operation of its kind. CoStar’s U.S. database contains more than 3.3 million commercial properties, and the total U.S. square footage of gross building area tracked and maintained by CoStar exceeds 76 billion s/f. n

A — May 27 - June 9, 2011 — DelMarVa Real Estate Journal

MAREjournal.com

Operating and Managing over 3 Million Square Feet of Industrial and Commercial Real Estate in the Mid Atlantic Region 91 0 Basin Road Cr eekwood Corporate Center Class A Office Space Available Fr om 1 ,61 0 Sq. Ft. to 2,278 Sq. Ft.

• 66,000 Square Feet of Class A Office Space • 3,888 Square Feet of Class A Office Space Available • Strategically located at the I-95 / Rt. 141 interchange in New Castle, Delaware • 5 parking spaces per 1,000 square feet

Creekwood Corporate Center

• Previously a corporate headquarters facility • Part of pre-planned suburban office campus

Limeston e Sh oppin g Cen ter 43,889 Squar e Feet of Retail Space

Limestone Shopping Center

• +/- 4.7 Acre (43,889 sq. ft.) of retail space in the center of New Castle County. • Minutes away from I-95/I-295, I-495 and Routes 41 and 141. • Site offers convenient access from K irkwood Highway (Rt.2) and Limestone Rd. (Rt. 7). • Perfect for stores, businesses and banks with optimum exposure from Rt 7. • 198 parking spaces • 2,009 SF available on the second floor.

Available Belle Hill Cecil Coun ty, Mar ylan d

Belle Hill

• Phase I of a III Phase Development • 50,266 SF Available – New Construction • Includes 11,747 SF of finished office and mezzanine space area • 4 Acres of Paved Truck Display & Storage Area • 120 Truck and Trailer Parking Spaces • 15 Ton Bridge Crane • T5 Fluorescent Lights • Geothermal HVAC

For more information: Phone (302) 323-9300 Fax (302) 323-4951 29 East Commons Boulevard, Suite 100, New Castle, Delaware 19720 www.harveyhanna.com

RGI 05-05-08

MAREjournal.com

Mid Atlantic Real Estate Journal — May 27 - June 9, 2011 — A

DelMarVa Real Estate Journal By Alex Meitzler, PE, PTOE, VanDemark & Lynch, Inc.

Traffic/transport considerations for new industrial developments

I

t is commonly said in the development community that ‘all of the easy sites are built’. This sentiment can also be applied in regards to access and transportation facilities that are required in Alex Meitzler conjunction with new industrial development. Traffic and Transportation issues have become major obstacles to obtaining land development approvals as unused capacity on existing roads decreases and concerns about noise and pollution increase. Approving jurisdictions and the general public are very sensitive to projects that will have a significant impact (real or perceived) on the existing transportation network. The redevelopment of existing properties may also necessitate substantial changes to existing access points and circulation patterns. Any development, whether residential, commercial, or industrial, will have some impact on its surrounding transportation infrastructure. It is important to identify and quantify the impacts early in the design and approval process so that transportation-related issues are addressed with all stakeholders without delaying the overall project schedule. In Delaware, the State owns and maintains over 90% of the State’s roadway network, including all road classifications from interstate highways to rural roads. Preserving capacity on existing roads is important to DelDOT, as funds for new roads and capacity improvement projects are limited. Industrial developments are generally located near existing transportation facilities in order to provide easy access and visibility for tenants. Concerns about new projects jeopardizing the level and quality of mobility to existing developments are commonly brought up during the approval process. This is especially true where a proposed industrial development will significantly add heavy vehicle traffic. Increasingly, developers are being required to analyze roadway facilities that are not directly adjacent to their developments, and are sometimes asked to analyze

intersections more than a mile away from their project sites. There is also a strong movement towards requiring interconnection to multi-modal facilities and connections to mass transit. Unfortunately, strong connections to mass transit are not always available to help alleviate potential traffic impacts. Measuring the impact of a proposed development has also become more complicated. The accepted standards of Level of Service (LOS) are not perfect measures of existing traffic conditions or the impacts of future traffic. Capacity analy-

sis procedures have become much more sophisticated and include more variables. The upcoming update to the Highway Capacity Manual will provide more refined analysis procedures, and incorporate more variables and refinements to LOS thresholds. The associated computer software programs allow for greater analysis flexibility and the incorporation of more variables, such as pedestrians, bicycles, buses, and even light rail vehicles. However, no model can account for all of the variables that influence traffic flow. The continued on page 12A

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DelMarVa Real Estate Journal

Feature Your Project

Living Social will occupy 28,000 s/f at 918 F St., NW

Douglas Development leases historic Penn Quarter Bldg.

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ashington, DC — Douglas Development announced that Living Social, has leased the entire Douglas Development-owned building at 918 F St., NW. Living Social already occupies 35,000 s/f in other Douglas Development-owned properties along 7th Street, NW. Vice president and principal of Douglas Development, Norman Jemal, comments on Penn Quarter’s enormous popularity: “Retailers and businesses all want to be in an area that will support their growth and help them attract the right clientele. Penn Quarter offers

~ Developments ~ ~ Construction ~ ~ Renovations ~ in the

Mid Atlantic Real Estate Journal

918 F St., NW.

top quality buildings, metro access, and an assortment of restaurants and shops. Living Social is the ideal tenant to fill this space.” In addition to Living Social, Facebook recently leased space in Douglas Development’s luxury office building at 1155 F St., NW. Jemal also confirms that Chicago-based Roti Mediterranean Grill and St. Louis-based Pi Pizzeria will open restaurants on F Street, NW, in the next few months. Once an area with little to offer, Penn Quarter now boasts record sales and leases, forcing tenants to compete for the remaining spaces. n

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— The RENTO N, NJ Chapter of New Jersey Institute of the American ) announced Architects (AIA-NJ its Annual Design the winners of , which brings Awards Program onal recogniprofessi public and that tural projects tion to architec excellence. exhibit design announced The awards were3rd AIA-NJ Oct. during the e addition nce, held at the Sauber Residenc Design Confere Auditorium in Winery in Merit Award Winner: Merit Award Winner: Hoboken Evening Land historic Great formal awards Built Category of the Wargo A Merit Award Winner: Reconstruction , The College Photo credit: Matt Ocean Grove. the winners will credit: Hall Un-Built Category CA Center for Wellness e a material that Clock TowerandPhoto Cty., Inc. RMJM HILLIER gala to recogniz Merit Award Winner:NY Liberty because it is the Santa Barbara as its Construction Co. Stantec, at , Built Category TX. by every touch be held in JanuaryCity. , in New Rochelle is listed on Center in Irving,matic volumes changes of New Rochelle over time. ASSOCIATES The house, which r of HisHouse in Jersey projects were patina grows The program Registe RICCI GREENE Architects and and un-built to become a visual the National were stacked is located alonge built CA divided into toric Places, both include Barbara Cty., was River in Millston which Santa e es, in ation categori Winery the Millston awards. In abstract present Evening Land g of the Borough. said: “The honor and meritawards were efforts began the judges ce and the framin merit of ation , What sequen points Preserv addition of tion & “The entry the relocation the strongest the preserva n University School compelling,” presented in beyond were this year with of an historic Winner: Princeto categories. y the landscape Honor Award of propert view the and design-buildinclude: Category to Warchol Built barn. The 250Photo credit: Paul Winners the design.” acts as a bridge Vermont hay in the Architecture addition screened room and is the focus the sky terrace year-old barn is situated BUILT CATEGORY s In addition, Millstone become to the outdoor Honor Award in New energy. viewing landscape. They and connecting stairs es - a location of the original which use of natural of summer living, and a based to focus in the Through the Inn and Barn, pe of exchang ently rotated Architect: ARO, light, the space ion were subsequ and to create a landsca suspension between Housedestroyed in 1928. materials and ry Las Colinas Convent York le were optimize views that shade the tempora School of Archiof New Rochel Merit Award Winner: DESIGN BUILD public and private gs Project: The ss, The College Un-Built Category at Princeton leaving as the absolute large overhan on the quality Merit Award where people tive of Center for Wellne “Merit was awarded tecture addition n. Hillier, based terrace. Copper was selected ConCenter skin realms, said: -Builder: Hall Architect: RMJM New University, Princeto is enclosed What the judges l for the building lo- and arriving, irrespec Howell , and Design with regional in Princeton with offices in in materia nt a meet which , the can based , consiste ents n, rium.” purpose The addition ing is in structio lphia and Wash- because it complem includes a new of the natato marine construc ntly, age and e ideas. , with offices York, Philade a space for practices in more importa in glass and steel, and Stantec exchang which provides cal colors, but lounge, elevator D.C. the tower, of Award ion ington, student pe. York views Merit tion. lobby, Convent New landsca ing, offers truction of ered steel stair. merges building and Yum ArchiUN-BUILT CATEGORY Project: Las Colinas carved sunbath n and cantilev Projec t: Recons Tower in Architect: David links the school’s The natatorium is a grotto roof bay and ocean. Atlantic white Clock Juvenile Detentio Merit Award New York The addition the Hoboken Union County tects, based in wing, where beneath a contemplative In addition, the Land Winery to mimic Merit Award Winner: meditatwo-story south Hoboken. reconProject: Evening Cty., CA. offices and and the holistic over the cedar siding is staineding of the Built Category Kikuyama replication and Tower Barbara credit: Mikiko The its administrativeand its three- garden, out weather Photo Santa l ers in Center point of the proj- struction of the Clock Train g a the eventua tion room cantilev berglass rooflibrary are located, The starting which includes site like a rock ledge, providinsur- material, and the fi y’s name, Transit’s from compan New Jersey the story north wing, The in at part came a ion is ms. ect is 2008 meditat classroo Land,” which studios and fashioned a new perch for grove of trees. reStation in April “The Evening continuing g a, the lands 2,000 s/f project for the building roundin of Hoboken’s es the reference to Hesperi Merit Award Associary 10, 2009 and golden har- naissance and complet modern identity references the Greene of calm, beauty mythology. Hoboke n Saturday, Janu e fully tion of the Architect: RicciNew York with that meaning vests in Greek are perched at re-crea Hous l’s original aparchitecture. s ates, based in and existing 1963 Award Ferry Termina The Liberty The building Lexington, KY, Honor edge of the lower pearance. - offices in RI. New Jersey the western Tower, conSagan Architec large pools reJersey City, Providence, The original Clock demolished Architect: MJ e vineyard, and County Juvenile Princeton. PM sky. A staircas in 1906 and Project: Union in Linden. ture, based in flect the vast the structed 6:00 to 11:00 mbie & Fitch, n Center after being damthe center of 1950s into detens the Project: AbercroCenter, in New Detentio ft. in juvenile descend the winds, was 225 The 72,000 s/f the bottom of Building U Data aged by high from structural pool; doors at a “thin” building the barrel storage tion center is wraps Albany, OH. high and made copper. stairs lead to houses the room deep - that Black Tie , a sculptural, in ornamental The data center so - only one 1-acre outdoor courtroom. In additionfilters light for steel clad featured a clock on support team, the and company’s IT plan encourages around operable screen during the day, The tower a 2,500 lb. bell, an natural light ts and through the open studio and collabora- yard. Ample Dinner Ticke the winemakers for artificial each face, under the pinnacle the exterior need • To purchase ds communication affording gener- views of security glass panels open belfry name Awar reducing the the anna” hours. ve in also work expansi outside tion, while and the “Lackaw lighting during TION Advertisements and views of the connect occupants to the each façade. ng PRESERVA ous natural light illuminated on ucted tower is light emanati e visit landscape. world, and the um at night creMerit Award Archia The reconstr surrounding Award Journal pleas and includes Merit Tarantino j.org/ from the gymnasi clad in copper well as Architect: island of respite Architects, Millstone. http://www.aia-n clocking, as ates a glowing Architect: ikon.5 letn working tects, based in n. ted “Lackawanna” Bachman-Wilso based in Princeto for Wellness, and calm. Project: The by Frank Lloyd illumina are Merit Award Archielevation. Q d Project: Center Rochelle, in ters on each Ryan House, designe opportunities New e. Architect: Michael with The College of • Sponsorship Wright, in Millston in Loveladies , NY. 100 New Rochelle for Wellness is tects, basedPhiladelphia Suite n Road ce in available 864 Mapleto The Center NJ 08540 Gar- an offi : Sauber Residence in Princeto n, paradisiacal Project designed as a 609.919. 0099 visitors ng shelteri is Loveladies. ects.com den of Eden, this house www.iko n5archit distractions that The site for island in from the urban landscape and on a barrier n surround it. The sus- located and the intensio reinforce a New Jersey, enviarchitecture h that allows was to create a secluded a tainable approac on. A large which achieved ronment for relaxati the building, rating, to conserve LEED Silver

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for more information call

800-584-1062

looking for innovative ways to grow their businesses, and are actively expanding their prospects beyond the standard offerings and formats,” said Chris Weilminster, senior vice president-leasing, Federal Realty. “Michael’s long-standing relationships with many national and international retailers will enhance Federal Realty’s ability to offer high-quality, productive, and cost-effective retail alternatives to a growing number of tenants who have

traditionally focused solely on malls and outlet centers.” Khouri joins Federal Realty with 26 years of mall leasing experience at General Growth Properties and The Rouse Company. During his tenure at General Growth Properties, Khouri was responsible for the merchandising and strategic planning for a variety of malls in the mid-Atlantic region including The Mall in Columbia, Tyson’s Galleria, White Marsh Malland Park City Center. n

MAREjournal.com

DelMarVa Real Estate Journal — May 27 - June 9, 2011 — 11A

Operating and Managing over 3 Million Square Feet of Industrial and Commercial Real Estate in the Mid Atlantic Region

Twin Spans Business Park, City of New Castle, DE

Delaware River Industrial Park

• +/– 135 Acre Business Park in the City of New Castle • Minutes away from I-95/I-295, and Routes 9 & 13. • Site offers convenient access to the Delaware Memorial Bridge, Port of Wilmington and the entire northeast corridor. • Perfect for Office, Laboratory or Manufacturing / Distribution • Recently completed new access boulevard with signal controlled intersection on Route 9. • Park tenants include:Winterthur Catalog Operations, Hibbert Group,Tire Rack, Speakman Co., Mattress Giant, Schindler Elevator, Philadelphia Gear,Agilent Technologies

• 45 Acres of industrial zoned land (HI) located ideally near the Port of Wilmington, the Delaware Memorial Bridge, I-95 and I-295; with great access to entire northeast corridor. • High quality constructed buildings with space as small as +/– 14,500 sq. ft. • 24'–31' clear ceiling height • HI (Heavy Industrial) zoning allows for a wide array of uses • Park tenants include: Iron Mountain, National Roll Kote, DHL, Carlyle Cocoa, Harbour Textile,Waste Management, SKW Hardcore, Freeze, RecyClean

• +/- 400,000 Sq. Ft. business park in the town of Newport. • 1/2 mile from I-95/Rt. 141 interchange with immediate access to I-295, I-495 north and south. • Site offers convenient access to the Delaware Memorial Bridge, Port of Wilmington and the entire northeast corridor. • Park tenants include: AIG, Sieck Wholesale Florist, First State Paper, Qwest Communications, C-Cert, Apex Piping and Conectiv.

Newport Industrial Park For more information: Phone (302) 323-9300 Fax (302) 323-4951 29 East Commons Boulevard, Suite 100, New Castle, Delaware 19720

12A — May 27 - June 9, 2011 — Mid

Atlantic Real Estate Journal

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People on the Move Experience in arranging debt & equity finance

By Alex Meitzler, PE, PTOE

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continued from page 9A development design team must try to anticipate the key transportation issues for a project, and concentrate on adequately addressing those concerns. Being knowledgeable and sen- Alex Meitzler sitive to local conditions is an important step towards achieving a good relationship with the review and approval agencies and also the neighbors of the project. Large industrial development plans should be designed with transportation impacts in mind. A small investment in obtaining current traffic data on surrounding street networks gives the design team direction as to the best placement of driveways and access and egress patterns. Comparing a proposed development to existing developments of similar scale and tenant make-up also provides a more accurate indication as to trip generation rates. This comparison is most effective when the similar development is located within the same geographic region. Finally, industrial developments tend to be traffic generators in their own right, and do not attract ‘pass-by trips’ from existing traffic volumes. Similarly, it is important that the design team develop a conceptual idea of what the hours of operation may be for a facility. For example, a warehousing or industrial facility will have different peak hours of trip generation than an office complex or a retail shopping center. Industrial facilities tend to have their AM and PM peak trip hours earlier than the adjacent road network. If a facility will be a 24/7 operation, weekend peak hours may also require evaluation. Understanding when the peak hours of trip generation will occur for individual developments will allow for the proper peak traffic periods to be analyzed, assist in discussions with approval agencies and local stakeholders, and will be critical to the development of appropriate mitigation measures, if they end up being required. Multi-modal links to bus and rail lines (passenger and freight) provide opportuni-

Thurman joins Washington, DC Traffic/transport office of Marcus & Millichap considerations for . . . WA S H I N G T O N , DC — Marcus & Millichap Capital Corporation (MMCC) has named Kevin Thurman an associate in the firm’s Washington, D.C., office, according to Wi l l i a m E . Kevin Thurman Hughes, senior vice presi-

dent and managing director of MMCC. “Kevin has an impressive track record of arranging commercial real estate financing on the East Coast,” said Hughes. “He has experience in arranging debt and equity finance transactions for multifamily, office, retail, industrial, and hospitality properties to his new position.” Prior to joining MMCC, Thurman was a senior account exec-

utive at CoStar Group Inc. He has also been a vice president, commercial real estate lending, at CU Business Capital LLC and a senior commercial real estate loan consultant with Washington Mutual Inc. Thurman received a Bachelor of Science degree in economics from Towson University and began postgraduate studies in the MS in real estate program at John Hopkins University. n

The Donaldson Group hires Majeski as vice president and director of acquisitions Rockville, MD — John J. Majeski has joined The Donaldson Group (TDG) as vice president and director of acquisitions. “ J o h n brings a wealth of transactions and asset management experience to John J. Majeski our company and our clients,” said Carlton Einsel, executive vice president, The Donaldson Group. “He will be focused on

further expanding The Donaldson Group’s acquisition efforts and deepening the strength of our acquisitions team.” Prior to joining TDG, John was principal of the Majeski Group LLC in South Riding, VA, where he provided multifamily consulting services for both conventional and affordable housing. Before that, he served as VP at AIMCO Capital, where he managed AIMCO’s Washington, DC office handling acquisitions, dispositions, and asset management. Earlier in his career, Majeski

served as vice president at Apollo Housing Capital (now RBC Capital Markets), where he focused on origination, acquisition, and financial underwriting of low income, federal historic, and state tax credit housing investments. Other employers have included JER Hudson Housing Capital and the National Corporation for Housing Partnerships. Majeski is a 1993 graduate of James Madison University, where he earned a Bachelor of Business Administration degree in Management. n

Dietrick Group hosts 6th Annual Real Estate Presentation at ArtsQuest Center at SteelStacks Bethlehem, PA — Dietrick Group, LLC hosted its 6th annual “Real Estate in the Lehigh Valley” presentation on Tuesday, April 26th at ArtsQuest Center at SteelStacks in Bethlehem, the new 4 story performing arts center and cultural campus in Bethlehem. Each year Dietrick Group hosts a real estate presentation that reflects on the Valley’s real estate market activity over the past year, highlighting significant projects, sales and leases, and forecasts future market trends. The hour and fifteen minute presentation was held in the Musikfest Cafe and was followed by networking in the Blast Furnace Room.

Last year’s presentation was held at Mack Trucks, Inc. in Allentown, home of Lehigh Valley Hospital’s back office operations. Dietrick Group likes to choose a venue that is relevant to the Valley’s most anticipated project of the year. This year’s venue focused on the adaptive reuse of a legendary industrial brownfield, the former Bethlehem Steel plant. This year’s presentation was entitled, “Looking Forward & Back.” Event attendees consisted of over 200 influential professionals involved in the Lehigh Valley’s real estate market including lenders, attorneys, builders/developers, investors, architects and en-

gineers. The presentation covered all categories of commercial real estate including industrial, office, retail, residential land development and the Valley’s urban cores: Allentown, Bethlehem and Easton. The program was full of statistics and discussions of significant sales, leases and assorted development projects throughout the Lehigh Valley. Dietrick Group had an overwhelming amount of support this year from its sponsors. Gold Level sponsors included KNBT Division of National Penn Bank, Wind Drift Real Estate Associates and Fitzpatrick, Lentz and Bubba. n

CB Richard Ellis employees help fight hunger throughout NJ SADDLE BROOK, NJ — CB Richard Ellis (CBRE) has made a donation to help fight hunger throughout New Jersey. The company coordinated CBRE Volunteer Day during which employees spent the morning volunteering their time and resources to Community FoodBank of NJ. CBRE executive VPs

Mindy Lissner and Bill Waxman, SIOR, spearheaded the philanthropic effort. CBRE volunteers, volunteers from other organizations and the employees of Community FoodBank of New Jersey, worked together to sort and repack donated canned goods, proteins, beverages and grains, which

subsequently will be distributed to food banks across the state. Given the nature of the issue of hunger for many New Jersey residents and the economic conditions that have compounded the issue, the altruistic efforts that took place on CBRE Volunteer Day proved invaluable. n

ties to lessen the traffic impacts of developments. These multi-modal links allow for a percentage of the development-generated traffic to be removed from the post-development scenario analysis. While passenger rail links are limited in Delaware, freight links are available in most industrialized areas, and can provide a means to reduce the amount of truck traffic generated by an industrial development. As stated earlier, many industrial facilities generate heavy vehicle traffic. Heavy vehicles typically require specific additional accommodations from the transportation infrastructure. Design considerations for heavy vehicles include driveway and circulation aisle widths, turning radii, utility clearances, and pavement thicknesses. Environmental factors also need consideration, such as truck idling times, spill containment facilities, noise and light impacts, and visual impacts regarding storage and staging areas. Developers and their design teams should consider the potential impacts of their projects early in the project development phase. Traffic and transportation should be factored into schematic designs, and input from the review and approval agencies on potential transportation-related issues should be sought early in the design and approval process. The design team should have a thorough understanding of the traffic operations and transportation infrastructure directly adjacent to the proposed site, and in the outlying areas around the site that may be impacted by the development. Developing clear and accurate trip generation estimates and peak hours of trip generation will help to provide a clear understanding of how a site will operate, what the scope of the traffic impact study should be, and what mitigation measures may be required. Addressing these concerns early in the process will help save the developer and design team time and effort addressing traffic and transportation-related issues. Thomas A. Meitzler, PE, PTOE (Alex) is a senior transportation engineer with VanDemark & Lynch, Inc. in Wilmington, DE. n

14A — May 27 - June 9, 2011 — Mid

Atlantic Real Estate Journal

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Commercial Real Estate Organizations’

Events Calendar JUNE 1 – SIOR NJ Event: Membership Meeting Time: 6:00 PM – 8:00 PM Location: Pazzo Pazzo Address/City: 74 Speedwell Ave. Morristown, NJ Cost: Free Members Only www.siornj.com JUNE 2 – MID ATLANTIC REAL ESTATE JOURNAL Event: 3rd Annual Green Buildings Summit Time: 7:30 AM – 5:15 PM Location: Trenton Marriott at Lafayette Yard Address/City: 1 West Lafayette St. Trenton, NJ P: 800-584-1062 Email: lchristman@marejournal.com www.marejournal.com JUNE 2 – ABC/ULI BALTIMORE Event: The 5 P’s of Public Private Partnerships Time: 8:00 AM – 9:30 AM Location: University of MD SMC Campus Address/City: Center Ballroom 621 W. Lombard St., Baltimore, MD Cost: $45 ABC/ULI Members $65 Nonmembers P: 410-821-0351 Email: bjohnson@abcbaltimore.org www.abcbaltimore.com JUNE 6 – NAIOP VA Event: 2011 Spring Double Tournament Time: 7:00 AM Location: Country Club of Fairfax Address/City: Fairfax, VA P: 703-845-7080 Email: kdmato@naiopva.org www.naiopva.org JUNE 6 – SIOR NJ Event: Council of Presidents Spring Meeting Time: 6:30 PM – 9:30 PM Location: Westin Governor Morris Hotel – The Wine Room Address/City: 2 Whippany Rd., Morristown, NJ www.siornj.com JUNE 6 – BOMA PITTSBURGH Event: 2011 Golf Challenge Time: 10:00 AM Location: Valley Brook Country Club Address/City: 425 Hidden Valley Rd. McMurray, PA P: 412-261-2328 www.bomapittsburgh.org JUNE 7 – MBA GP Event: Annual Golf Outing Time: 11:00 AM – 8:00 PM Location: Rivercrest Country Club & Preserve Address/City: 100 Golf Club Dr. Phoenixville, PA P: 215-850-9942 Email: sreich@gateway-funding.com

JUNE 7 – CREW PITTSBURGH Event: Lunch ‘n Learn Program-Members Only Time: 12:00 PM – 1:00 PM Location: Babst Calland Address/City: Two Gateway Center 63 Stanwix St., Pittsburgh, PA Email: admin@satchelsofcaring.org www.crewpittsburgh.org

JUNE 9 – SMPS CENTRAL PA Event: Year End Networking & Awards Party Time: 5:00 PM – 7:00 PM Location: Lancaster Brewing Company Address/City: 469 Eisenhower Blvd., Harrisburg, PA Email: president@smpscentralpa.org www.smpscentralpa.org

JUNE 7 – CREW NVA Event: Influential Women in Commercial Real Estate Time: 11:30 AM – 1:30 PM Location: Maggiano’s – Tysons Galleria Address/City: 2001 International Dr. McLean, VA Cost: $45 Members $65 Nonmembers P: 785-832-1808 ext. 205 Email: crewnorthernvirginia@ crewnetwork.org www.crewnorthernvirginia.org

JUNE 13 – NAIOP PITTSBURGH Event: Annual Golf Outing Time: 11:00 AM Location: Laurel Valley Golf Club Address/City: 175 Palmer Dr., Ligonier, PA P: 412-928-8303 www.naioppittsburgh.com

JUNE 7 – EBC/CIANJ Event: Understanding Site Remediation in New Jersey Time: 7:30 AM – 5:00 PM Location: Pines Manor Address/City: 2085 Lincoln Hwy. Edison, NJ P: 201-368-2100 Email: dtrimble@cianj.org www.cianj.org JUNE 8 – NAIOP NJ Event: Environmental, Economic & Land Use Planning Update Time: 7:45 AM Location: New Jersey Carpenter Contractor Trust Address/City: Edison, NJ P: 732-729-9900 www.naiopnj.org JUNE 8 – SMPS PHILADELPHIA Event: Annual Meeting & Year-End Celebration Time: 5:00 PM – 7:30 PM Location: Moshulu Address/City: 401 S. Columbus Blvd. Philadelphia, PA Cost: $35 Members $65 Nonmembers www.smpsphiladelphia.org JUNE 9 – CFA PHILADELPHIA Event: 2nd Annual Endowment & Foundation Conference Time: 8:15 AM – 4:00 PM Location: The Hub at Cira Center Address/City: 2929 Arch St. Philadelphia, PA Cost: $110 Members $175 Nonmembers P: 215-320-4980 www.cfaphil.org

JUNE 13 – ABC EASTERN PA Event: Spring Golf Outing Time: 9:00 AM Location: Philadelphia Cricket Club Address/City: 6025 W. Valley Green Rd., Flourtown, Pa P: 610-279-6666 Email: jpomraning@ abceastpa.org www.abceastpa.org JUNE 13 – IOREBA Event: 42nd Annual Golf & Tennis Outing Time: 11:00 AM Location: Essex County Country Club Address/City: West Orange, NJ Email: mike.markey@cassidyturley.com www.ioreba.com JUNE 14 – CFA PHILADELPHIA Event: The Outlook for M&A in the Asset Management Industry Time: 12:00 PM – 1:30 PM Location: The Philadelphia Raquet Club Address/City: 215 South 16th St., Philadelphia, PA Cost: $25 Members $35 Nonmembers P: 215-320-4980 www.cfaphil.org JUNE 14 – ULI PHILADELPHIA Event: 3rd Annual Urban Marketplace: Investing for Impact Time: 8:00 AM – 4:00 PM Location: The Union League Address/City: 140 S. Broad St. Philadelphia, PA Cost: $175 Members $225 Nonmembers P: 800-321-5011 www.philadelphia.uli.org JUNE 15 – ICREW NJ Event: Networking Cocktail Reception Time: 6:00 PM – 8:00 PM Location: Liberty House Address/City: 76 Audrey Zapp Dr. Jersey City, NJ P: 609-585-6871 www.icrewnj.org

JUNE 15 – IREM 3 & AAGP Event: Fair Housing & Beyond Time: Workshop 1: 7:30 AM – 12:30 PM/ Workshop 2: 12:30 PM – 5:30 PM Location: AACP Office Address/City: One Bala Plaza Suite 515, Bala Cynwyd, PA Cost: $79 Members $109 Nonmembers P: 856-786-9260 Email: admin@irem3.org www.irem3.org JUNE 15 – NAIOP MD Event: Summer Social Time: 5:30 PM – 8:00 PM Location: Nick’s Fish House Address/City: 2600 Insulator Dr. Baltimore, MD P: 443-986-9429 www.naiopmd.org JUNE 15 – NAWBO DE Event: 10th Annual Awards Dinner Honoring “Women of Influence” Time: 5:30 PM – 7:30 PM Location: Harry’s Savoy Grill & Ballroom Address/City: 2020 Naamans Rd. Wilmington, DE Cost: $55 Email: info@nawbodelaware.org www.nawbodelaware.org JUNE 16 – CREW PHILADELPHIA Event: Fundamentals of a Deal Location: Davio’s Address/City: 111 S. 17th St. Philadelphia, PA Cost: $55 Members $80 Nonmembers Email: crewphiladelphia@crewnetwork.org www.crewphiladelphia.org JUNE 20 – TRISTATE Event: 15th Annual Golf Outing Time: 11:30 AM Location: Green Valley Country Club Address/City: 201 West Ridge Pike Lafayette Hill, PA Registration: mwinkler@tristaterca. com P: 610-238-9950 www.tristaterca.org JUNE 26 – BOMA Event: 2011 International Conference & The Every Building Show Location: Gaylord National Resort & Convention Center Address/City: Washington, DC www.bomaconvention.org JUNE 27 – CIRC DE Event: Annual Golf Outing Time: 11:00 AM – 7:00 PM Location: DuPont Country Club, Main Course Address/City: 1001 Rockland Rd. Wilmington, DE P: 302-633-1705 Email: janet@circdelaware.org www.circdelaware.org

ENVIRONMENTAL SYSTEMS P.O. Box 1181, Pt. Pleasant, N.J.

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MID ATLANTIC # of pages: 1

Mid Atlantic Real Estate Journal — May 7 - June 732-892-8707 9, 011 — 15A

BUSINESS CARD SERVICE DIRECToRY EXPERTS IN ENVIRONMENTAL REMEDIATION

Groundwater Investigation & Remediation ■ Environmental Phase I & II Audits ■ Oil Tank Testing/Removal ■ Indoor Air Quality/Mold Testing ■

Proof Fine

NJDEP Permits (Air, Water, Wetlands) Brownfields Development ■ Professional Testimony ■ Statewide Service ■ Geoprobe Services ■ ISRA/ECRA ■

■

F Make Changes ElECTRICAl CoNTRACToR ASPHAlT • PAVING • CoNCRETE C oMMERCIAl R EAl ESTATE Sect: NJPA Business Card Directory A NJPA Real Estate Journal AERIAL PHOTOGRAPHY ENGINEERING Phone # 800-584-1062 Phone: 732.360.9050 X Fax: 732-892-7236 Kevin McAghon, P.E. Fax: 732.360.0469 To: Jim Golden, Environmental Systems

Fax # 781-871-5299

From: Linda Christman

To:

610.687.1976

www.lunarelectric.com kevin.mcaghon@landmarkengineering.com

950 W. Valley Rd, #3104, Wayne, PA 19087

Adam Campbell, VP adam@acampbell.net Ph: (717) 737-6161 ŏ )D[ -9640

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ENGINEERING

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gy lo •Surveys no h •Land Planning ec T y’s •Engineering Design da o •Permits & Agency Processing ...T ELECTRICAL CONTRACTOR, INC. t y •Construction Phase Services ali u  PO BOX 777  OLD BRIDGE, NJ 08857 RON GIAMBRONE Q ’s  ay RESIDENTIAL COMMERCIAL NJ LIC# 10775 •New Castle, DATA/COM DE rd e t EMAIL: ron@lunarelectric.com s INSURED & BONDED •Dover, DE Ye •Wayne, PA

ENVIRoNMENTAl ENGINEERING BROKERAGE www.landmarkengineering.com

P.O. Box 1181, Pt. Pleasant, N.J. 732-892-8707

EXPERTS IN ENVIRONMENTAL REMEDIATION Groundwater Investigation & Remediation Environmental Phase I & II Audits Oil Tank Testing/Removal Indoor Air Quality/Mold Testing

S

NJDEP Permits (Air, Water, Wetlands) Brownfields Development Professional Testimony Statewide Service Geoprobe Services ISRA/ECRA

WWW.DEPENVIROSYSTEMS.COM

lAUNDRY AUNDRY S SERVICES ERVICES L

INTERIoR PlANTING & DESIGN

lEASING & MSANAGEMENT FINANCIAL ERVICES

RO

Call Fowler today to find out how we can make your laundry room more profitable. 800-334-1824 X127

George D. MacBeth

Commercial Mortgages / Business Loans Construction Loans / Workouts / Consulting

President Northern New Jersey

P.O. Box 73 • Haworth, NJ 07641 201.387.7997 • 201.264.3476 • Fax 201.387.7995 gmacbeth@fdsnnj.com X www.foliagedesign.com

451GMacBethBC.indd 1

Fowler www.fowlercompanies.com The Commercial Laundry Specialists

Jack Mullen—Mortgage Consultant Phone: 603-821-7317 Fax: 603-821-7318 jack_mullen@comcast.net

Serving apartment communities since 1952 * Commissions - Sales - Service

GLOBAL REAL ESTATE SVCS.

Make your business card work as hard as you do 8/11/08 12:24:30 PM

ETING

ARK M / R P

e info

for mor

man t s i r h C da Call Lin /800-584-1062 298 5 1 7 8 781

If you do not have a business card readily available, our art department will design one for you at no extra charge!

GLOBAL DISTRIBUTION SVCS. SITE ENGINEERING

www.landmarkjcm.com 302.323.9377 Ted C. Williams, P.E. New Castle, DE Headquarters|302.323.9377 Dover, DE|302.734.9597 Georgetown, DE|302.854.9138 Wayne, PA|610.687.1976 Havre de Grace, MD|410.939.2144

Principal, Business Development LandmarkJCM 100 West Commons Blvd., Suite 301 New Castle, DE 19720 tedw@landmarkjcm.com

Would like to be included on this page call:

Linda Christman lchristman@marejournal.com (800) 584-1062 / (781) 871-5298 Fax (781) 871-5299 or Your Account Executive Mid Atlantic REAl ESTATE JoURNAl

P

16A — May 7 - June 9, 011 — Mid

Atlantic Real Estate Journal

MAREjournal.com

Mid Atlantic R eCARDJ SERVICE DIRECToRY BUSINESS MID ATLANTIC eal

state ouRnal

BILLBOARD

ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs • ClassiFieDs

IDEAL LOCATION in BETHLEHEM, PA Busy corner with maximum on-street visibility. 6 apartments, all leased & occupied. · 1900 sq ft ground level commercial area for lease or owner use. · Rear 2 car garage with 12’ ceilings for street deliveries & paved parking space for 4 cars

Building is in the heart of the revitalized South Side business district, near the Discovery Center, the Sands Casino and Lehigh University.

ACHEY REAL ESTATE $565,000 610-868-1810

Data Center Available

100,000 sf Industrial Building Complex-Approvals & Plans Residential Development. 340-358 Straight St. AVA Afor BLE IM M E IL D IAT E LY Paterson, NJ Ideal Whse, Storage, Lofts. $1,200,000

J E S S U P , P E N N S Y LVA N I A

0' 15 ock 6D ock 4D

ors Do

200 SF to 16,000 SF

Available 1/1/08 92,600 s.f.

ors Do

0' 44

Leased 58,500 s.f. 0' 24

0' 20

6

81

Sus qu eh a

Mid-Valley

Scranton

iver ive r

380

are R

Wilkes-Barre 476

Constructed in 1991 with expansion in 1994

81

80

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Industrial Land – 10.7 acre site in Valmont Industrial Park for sale. Zoned for manufacturing. Close to I-81 & I-80.Mercer Approved forCounty, 126,000 SF NJ building. 201-488-4000 Office – Under construction, 29,000 SF Class A office building adjacent to downtown Scranton, www.sorce. com PA. Various suite sizes, lease or ownership opportunity.

Mercer County, NJ

•

(1) 2,000 AMP / 480 Volt Service

•

Retail – Wilkes-Barre. 11.42 acres across from Wyoming Valley Mall at signalized corner.

•

200 Acres with 54,000 manufacturing in multiple warehouse and residential buildings. Marcellus gas rights available.

•

Food warehouse, 28,000 SF, 3.7 acres with freezer and cooler spaces.

(1) 2,000 AMP/ 13,200 Volt Primary power Service.

84

aR nn

Located approximately one mile to new highway interchange for State Route 6 (Robert P. Casey Highway), and five miles on State Route 6 to Interstate 81

aw

1270 Mid-Valley Drive is located in the Scranton/ Wilkes Barre/Hazelton industrial market. This building of 151,100 square feet (640’ x 240’) on 8.5 acres is conveniently located within the Mid-Valley Industrial Park with excellent access to State Routes 6 and 247, and Interstates 81, 380, 84 and 476.

el

1270 Mid-Valley Drive

NORTHEASTERN PENNA. SALE & LEASE OFFERINGS

92,600 square feet of space is available Convenient front-loaded building

80

Hazelton

Clean, functional space

201-488-4000 www.sorce.com

Fenced lot 21’ - 24’ clear height Column spacing 25’ x 60’ 10 dock doors of 9’ x 9’ plus 1 drivein door of 10’ x 12’ 150’ loading court One West First Avenue, Suite 315 • Conshohocken, PA 19428 (610) 828-8484 • Fax (610) 828-9699 • www.equilibriumequities.com

RE_ad_version1.qxp

11/2/2005

11:54 AM

201-488-4000 www.sorce. com

This space is

Mercer County, NJ

available

9,000 SF Class 10K 9,000 SF Class 100K Expansion to 27,000 SF (1) 2,000 AMP / 480 Volt Service (1) 2,000 AMP/ 13,200 Volt Primary power Service

800-584-1062

Scranton, PA 570-207-4100 info@hinerfeldcommercial.com

Page 1

Locations Wanted NJPA BB-Ad.doc 8/2/06 10/24/06

Consistently Ranked #1 Franchise 45+ Year Track Record

We’re looking for sites in PA Flexible Space Requirements End Cap, In-line, Free Standing Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports Local Contacts: Eastern PA — Philadelphia PA —

610-366-8120 x 24, Cheryl Green green_c@sdepa.com 610-768-8990, Rawley Shelton rawleyshelton@gmail.com

realestate.subway.com www.subway.com

Back Cover A — May 27 - June 9, 2011 —

Mid Atlantic Real Estate Journal

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Mericle Commercial Real Estate Services has the best solutions for companies needing quality, affordable, industrial space along Pennsylvania’s I-81 Corridor. Our buildings are located immediately adjacent to major highways, have high ceilings, are energy efficient and offer lots of room on-site for trailer storage. Some are even located in special tax-free zones. Review all of our available properties at www.mericle.com.

R A I L AVA I L A B L E

410,000 SF — 1104 NORTH PARK DRIVE Humboldt Industrial Park, Hazle Twp., PA Can be expanded to 615,000 SF and subdivided to 82,000 SF. State and local taxes abated through 2017. Features 46 loading doors, 1 drivein door, 31’10” to 36’6” ceiling clear height, an ESFR ?re protection system and 7” reinforced concrete ?oor.

408,200 SF — 61 GREEN MOUNTAIN ROAD Humboldt Industrial Park, East Union Twp., PA Can be expanded to 648,200 SF and subdivided to 204,000 SF. Existing of?ce ?t-out is approx. 4,200 SF. Features 32 cross-docked loading doors, 30’9” to 36’6” ceiling clear height and 6” reinforced concrete ?oor. State and local taxes abated through 2017.

365,114 SF — 1200 E. LACKAWANNA AVE. Mid-Valley Industrial Park, Olyphant, PA Can be expanded to 505,686 SF. Existing of?ce ?t-out is approx. 5,000 SF. Features 20 crossdocked loading doors, 1 drive-in door, 40’2” ceiling clear height, an ESFR ?re protection system and on-site parking for more than 100 vehicles.

198,400 SF — 400-450 CENTERPOINT BLVD. CenterPoint Commerce & Trade Park East Jenkins Township, PA Can be subdivided as small as 99,200 SF. Features 26 loading doors, 1 drive-in door, 6” reinforced concrete ?oor, energy ef?cient T-Bay lighting ?xtures and a 10-year, 100% real estate tax abatement on improvements.

176,772 SF — 180 WELLES STREET Cross Valley West Professional Building Forty Fort, PA Located immediately off Exit 4 of S.R. 309. Can be subdivided as small as 20,000 SF. Features 16’ to 26’ ceiling clear height, 30 loading doors and abundant, on-site trailer storage. Very attractive lease prices.

108,000 SF — 320 STEWART ROAD Hanover Industrial Estates Hanover Township, PA Can be expanded to 162,000 SF. Existing of?ce ?t-out is approx. 8,000 SF. Features 20 loading doors, 30’ to 32’11” ceiling clear height, an ESFR ?re protection system and energy-ef?cient gas?red unit heaters.

For more information contact our

DEVELOPMENT DIVISION: Bob Besecker Bill Jones

82,691 SF — 63 GREEN MOUNTAIN ROAD Humboldt Industrial Park East Union Township, PA Features two, 463 SF of?ce ?t-outs in warehouse, 30’8” to 36’5” ceiling clear height, 9 loading doors, ESFR ?re protection system, and ample on-site parking and trailer storage available.

58,713 SF — 240-258 ARMSTRONG ROAD CenterPoint Commerce & Trade Park East Jenkins Township, PA Features 29’10” to 34’2” ceiling clear height, 8 loading doors, ESFR ?re protection system, and a 10-year, 100% real estate tax abatement on improvements. Space can be subdivided.

Jim Hilsher Dan Walsh

Developing Pennsylvania’s I-81 Corridor since 1985. www.mericle.com

570.823.1100

SHOPPING CENTERS Mid Atlantic REAL ESTATE JOURNAL Section B of the Mid Atlantic Real Estate Journal

25,000 s/f property on Rte. 4 or Rte. 17

Thurston of Marcus & Millichap sells retail building in Paramus, NJ totalling $7.95m

P

Paramus, NJ

Rob Samtmann and Ken McEvoy of Equity Retail Brokers represented the landlord in leasing 1.5 acres of freestanding space at Rte. 611 and Mill Rd. See page 4B.

ALSO INSIDE: ROSE EVANS, LEVIN MANAGEMENT CORPORATION ..............2B PEOPLE ON THE MOVE ......................................................12B BROKERAGE DIRECTORY ................................................. 14-15

133o Boylston Street Chestnut Hill, MA 02467 617-232-8900 www.wsdevelopment.com

West Ridge

Road

U.S. Route

ing with Walmart on this project. They are a fantastic anchor tenant for our shopping center,

Proposed GLA: +/- 330,000 sf

20

G:\Devel\TcPlans\PA\Millcreek\ICSC_GD_5-17-11_PA_Erie, 5/17/2011 1:29 PM, ErinA

and a true engine for economic growth and job creation for the entire region.” ■

Designing your vision, one detail at a time.® The Container Store PREIT Development

Millcreek, PA 16506

Bank Pad 11,870 SF

a structural engineering firm commercial • educational • healthcare historic renovation • hotels/hospitality multi-unit housing residential

ICSC ORGANIZATION PAGE ..............................................16B RETAIL BUSINESS CARD DIRECTORY ............................ IBC-B Section B, 20 pages

MAREjournal.com

Millcreek town Center

14,500 SF

5245 West Ridge Road

Retail 22,352 SF

May 17, 2011

Retail 27,828 SF

GD

6,828 SF

9,560 SF

6,828 SF

5,463 SF

Retail 26,902 SF

Tamarack Dr.

Equity Retail Brokers completes 1.5 acre lease

Supercenter +/- 188,000 SF

7,373 SF

WP Realty and Angelo, Gordon & Co announce the acquisition of the Shaw’s portfolio, consisting of seven Shaw’s anchored shopping centers and one Hannaford Bros. See page 3B.

MILLCREEK, PA — WS Development and Olympic Realty & Development Corporation has closed on 42 acres of land located at 5242 West Ridge Rd. in conjunction with Walmart. The land is the future home of Millcreek Town Center, a 350,000 s/f open-air shopping center, which will include a new Walmart and approximately 160,000 s/f of additional retail and restaurant space. “We are thrilled to be underway with the development and thankful for the welcoming reception we have received from Millcreek Township,” said Louis Masiello, vice president of Development, WS Development. “We are also pleased to be work-

d.

WP Realty announces Shaw’s portfolio aquisition

WS Development and Olympic Realty close on land for 350,000 s/f

Hemlock Dr.

HI-LIGHTS

Millcreek Town Center to feature Walmart and 160,000 s/f

eR

MAY 27 - JUNE 9, 2011

Rte. 4 or Rte. 17 in Paramus. David Thurston, an associate

ll

s/f of space was the highest $/s/f ever achieved for a property on

This jewel of a retail location in the middle of Paramus’ Rtes. 4 and 17 corridors provided an opportunity for the seller to sell into a market where strong real estate is receiving multiple bids and provided the buyer an opportunity to purchase a property that rarely arises in these corridors. Both were very satisfied with the ultimate result and are moving in their respective directions with their portfolios”, said Thurston. ■

VP of investments in Marcus & Millichap’s New Jersey office, had the listing to market the property on behalf of the seller, a New York investor who had purchased the NNN property 20 years ago and had never visited the property. Staples had tenanted the property as the NNN tenant for those 20 years. David also secured the buyer. “There is strong competition for good real estate and it commands a premium price.

Sw an vi

ARAMUS, NJ — Marcus & Millichap Real Estate Investment Services announced the sale of a 25,000 s/f retail property located on Rte. 4. The asset commanded a sale price of $7.95 million. The David Thurston price for the rentable 20,000

Ardmore, PA 610.896.4500 • Greenville, DE 302.999.9967 • www.orndorf.com

B Inside Cover — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

MAREjournal.com

+

18 million square feet ARIZONA Mesa Kohl’s McKellips Road & Recker Road 95,279 SF GLA Part of Falcon View Plaza w/ Fry’s Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres Tolleson Freestanding Kmart West McDowell Road & North 86th Drive 86,479 SF GLA FLORIDA Gainsville Mixed Use – Grocery Store & Student Housing NW 13th St & University Avenue 1.74 Acres Over 27,500 SF Ground Floor Retail in Proposed 171,000 SF 6-Story Residential Bldg Fern Park Lowe’s Shopping Center 6735 Hwy. 17-92 & Fernwood Blvd. near Hwy. 436 129,085 SF GLA Proposed Retail Strip: 9,000 SF ILLINOIS Downers Grove Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Up to 12,000 SF Outlot, B-T-S INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Kmart 134,797 SF GLA South Bend South Bend Shopping Center US Hwy. 20 & US Hwy. 31 112,900 SF GLA Anchor Space Available

RD

Management LLC

MICHIGAN Grand Blanc Vacant Land Holly Rd. & I-75 22 Acres For Sale Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available Redford Redford Plaza Plymouth Rd. & Inkster Rd. CVS/114,865 SF GLA Anchor Space Available Saginaw Saginaw Square Tittabawasse Rd. & Bay Rd. Target, JoAnn Etc., Staples 94,891 SF GLA Anchor Space Available Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA Anchor Space Available Southgate Fort St. & Burns Ave. 60,800 SF GLA Freestanding / Redevelopment Opportunity MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA Anchor Space Available 40,262 SF NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA 10,945 SF Outbldg. Available NEW JERSEY Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. Superfresh/176,519 SF GLA Anchor Space Available/Redevelopment Opportunity

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

MAREjournal.com

Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — B

+

200 retail projects NEW YORK Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples 250,000 SF GLA/Pad Available

PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 220,000 SF GLA 9.82 Acres Available

Orangetown Orangeburg Commons Route 303 & Palisades Parkway Future Retail Development Anchor Space, In-Line Space & Pads Available Adjacent to Lowe’s

Carlisle Hanover Street (Route 34) & I-81 Home Depot, Chili’s 140,715 SF GLA 10,584 SF Future Expansion/Pad

NEW JERSEY Mt. Olive Pad Sites Available Adjacent to Foreign Trade Zone Across from Wal-Mart, Sam’s, TJ Maxx Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 64,920 SF GLA Up to 4,000 SF Outlot Vineland Vineland Marketplace Delsea Dr. (Route 47) & College Dr. New Development 273,657 ± SF GLA / Outlots Available Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Fashion Bug, Dollar General 85,000 SF GLA Anchor Space Available NEW YORK Deer Park Kohl’s Plaza Commack Rd. & Grand Blvd. Kohl’s, Super Stop & Shop 182,875 SF GLA Proposed Pad 3,800 SF Glenville/Scotia (Albany) Freestanding Building Saratoga Rd. (Route 50) & Glenridge Rd. 128,485 SF GLA Anchor Space Available Holtsville Island 16 Cinemas Shopping Center Nicholls Rd. & Long Island Expwy. National Amusements Theater, Chili’s 117,342 SF GLA Pad Bldg. Available with Drive-thru

Staten Island Lowe’s West Shore Center Veterans Rd. West (I-440) & Arthur Kill Rd. Pad Building Available 7,000 SF New Retail Bldg. Available 166,600 SF GLA Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office, Curves For Women 21,212 SF GLA Williamsburg (Brooklyn) North Side Piers Retail 20 North 5th St. & Kent Ave. Tower I: 181 Condos, 113 Apts. & 17,167 SF Retail Tower II: 250 Condos & 5,178 SF Specialty Rest. OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 130,000 SF GLA 18,440 SF Expansion & Pad Findlay Hobby Lobby Plaza Tiffin Ave. & Croy Dr. Hobby Lobby Anchor Space Available

Latham/Colonie (Albany) Kmart Shopping Center Route 7 & Swatling Rd. 118,863 SF GLA Up to 10,000 SF Outlot Available

Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block south of Navarre Ave. (Rte. 2) & Kmart 116,805 SF GLA

Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Wal-Mart, Home Depot, BJ’s, Target, Home Goods, Best Buy 687,716SF GLA Anchor Space & Outlots Available Future Phase III Office Bldg.

OREGON Salem Kmart Shopping Center Mission Street S. E. 116,866 SF GLA

RD

Management LLC

Trexlertown Trexlertown Marketplace Hamilton Blvd. (Route 222) & Mill Creek Rd. Walgreens, Panera Bread, Verizon 36,068 SF GLA TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA 36,000 sf GLA Possible Redevelopment Texas Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA VIRGINIA Richmond Food Lion Plaza Route 1 (Jefferson Davis Hwy.) & Chippenham Pkwy. Outlots Available WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Peebles, CVS 230,000 SF GLA PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Wal-Mart SuperCenter, Home Depot New Development & Pads 525,000 ± SF GLA

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

B — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

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Shopping Centers By Rose Evans, Levin Management Corporation

Go beyond traditional thinking to lower CAM costs

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EAT COMMERCIAL PROPERTY OFFERINGS

403 W. UNION BLVD., BETHLEHEM, PA Located within a stone’s throw of Rte. 378 Center City Exit, former lighting xture showroom. This 12,000 SF bldg. features on-site parking, great signage visibility, durable concrete block construction, nished showroom area, and loading door in warehouse area.

Lease: $8.00 PSF Net (3) Sale Terms Offered

603 8TH ST., WHITEHALL, PA

11,526 SF building with 3,500 SF suite or an 8,000 SF suite available; single story concrete block, steel frame on 2.65 acre site, gas heat, central air, smoke detectors, sprinklered warehouse area, kitchen/ breakroom, private ofces, small conference room, loading dock can be reinstalled, ADA accessible, ample on site parking.

any retail tenants’ leases make them responsible for paying a share of a shopping center’s operating costs, raising their total cost of occupancy. As such, keeping CAM (ComRose Evans mon Area Maintenance) costs down – without sacrificing service and aesthetics – is key to both attracting and retaining tenants. Today, the most successful property managers are incorporating untraditional methodologies to achieve these savings. The concept is straightforward: property managers review all the outside services they hire and then work to reduce those costs. The approach, however, is becoming more multifaceted. This results from growing flexibility among contractors focused on maintaining their business relationships, even at lower profit levels, plus new products and processes in the market. Consider regular maintenance costs. Many shopping centers currently have higher

vacancy rates as a result of the recession. Can the frequency of sweeping and trash removal be safely reduced? At a groceryanchored center, the answer is almost certainly “No.” People shop these stores every day of the week and their parking lots tend to have more trash than a property anchored, for instance, by a big box clothing store. Renegotiating contracts for outside services, like line striping, landscaping and snow removal also provide avenues for savings. Formerly, if a contractor agreed to hold price, Levin might renew their services for another year or two without bidding. That is no longer the case: if we are happy with the service, we ask the contractor what amount of saving they can give us without sacrificing quality. Landscaping is a good example. We have negotiated a 5 percent drop in fees almost across the board during the past year. Rather than risk losing clients, realistic contractors are willing to reduce their fees. As a result, they avoid competitive bidding, saving them time and money. We achieve better pricing without any change in the service being delivered.

We also reject annual “price creep,” regardless of changes in the Consumer Price Index. For years, Levin has saved money across regional property portfolios by awarding bulk business for individual services at several centers. For example, we recently negotiated a “master account” relationship with a major waste services company based on the scope of our business. By streamlining our many property accounts into one single account, we have gained both administrative efficiency and bulk pricing benefits. We also have begun to bundle several services through a single provider to achieve a similar efficiency, particularly effective at smaller centers. Already this year, we have awarded contracts that combine sweeping, landscaping, power washing and painting at two retail properties – with a net savings of about 20 percent on these line items. Efficient property managers also can achieve cost-savings by continually seeking new, economical products and processes. A number of such options have come onto the market in recent years. continued on page 12B

Lease and Sale Terms Offered

UPCOMING SHOPPING CENTERS SUMMER SPOTLIGHTS

Retail Profiles Spotlight | June 24 Deadline: June 1st (call or email now for details)

Retailers Seeking Space | July 22 Deadline: July 8th

Annual Retail Design Competition | Aug. 22 Deadline: August 1st (call or email now for entry form)

Annual Commercial Brokerage Directory featuring Retail Brokerage Spotlight | July 22 Deadline: July 8th

Mid Atlantic REAL ESTATE JOURNAL, P.O. Box 26 Accord, MA 02018 312 Market St., Rockland, MA 02370 (overnight) Phone: 800-584-1062 or 781-871-5298 • Fax: 781-871-5299 efanning@marejournal.com • marejournal.com

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Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — 3B

Shopping CenterS 10,822 s/f single-tenant net-leased property

Marcus & Millichap’s Nathanson sells $2.44m bldg.

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ARRAGANSETT, RI — Marcus & Millichap Real Estate Investment Services announced the sale of a free-standing Rite Aid, a 10,822 s/f Single-Tenant Net-Leased property. The asset commanded a sales price of $2.44 million. Margaret Huelskamp, RI broker of record, and Brad Nathanson, a senior dir. in Marcus & Millichap’s Philadelphia offi ce, had the listing to market the property on behalf of the seller. The buyer, a NJ based Limited Liability Company, was secured and represented as well by Brad Nathanson. The Rite Aid is located at 1193 Boston Neck Rd. Nathanson said, “There was a lot of national interest for this property given that it was located along an affl uent coastal town in New England coupled with the attraction of having a national tenant paying market rent and doing above average sales.” n

WP Realty announces Shaw’s portfolio aquisition

Shaw’s Cohasset, MA BRYN MAWR, PA — WP Realty and Angelo, Gordon & Co announce the acquisition of the Shaw’s portfolio. The portfolio consists of seven Shaw’s anchored shopping centers and one free-standing Hannaford Bros. located throughout Massachusetts, Maine, and Rhode Island totaling 659,143 s/f: The portfolio is comprised of the following: • Cushing Plaza - 71,210 s/f in Cohasset, MA • Shaw’s Plaza - 104,923 s/f in Easton, MA • Shaw’s Plaza - 57,181 s/f in Hanover, MA • Shaw’s Plaza - 59,766 s/f in Plymouth, MA • Hannaford Bros. - 45,882 s/f in Waltham, MA • Shaw’s Plaza - 124,331 s/f in North Windham, ME • Shaw’s Plaza - 119,015 s/f in Waterville, ME • Marketplace Center - 76,835 s/f in Warwick, RI n

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Rite Aid

Metropolitan Management Company, a division of Klein Enterprises, is pleased to be a member of the Dolben Company team, providing retail leasing services for The Village at Odenton Station.

DELIVERING RETAIL & RESTAURANT SPACES JULY 2012 FROM 900 TO 9,000 SQUARE FEET RESERVE A STOREFRONT TODAY! FOR INFORMATION CONTACT:

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EMAIL:ppalumbo@mmc-mail.com Metropolitan Management Company 11299 Owings Mills Boulevard, Suite 200 Owings Mills, Maryland 21117

www.BaltimoreShoppingCenters.com

4B — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

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Shopping CenterS Jones and Samtmann arrange 24,000 s/f lease

Equity Retail Brokers completes 1. acre lease

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ONTGOMERY CTY., PA — Rob Samtmann and Ken McEvoy of Equity Retail Brokers represented the landlord, Charles Gallub of Develcom, in leasing 1.5 acres of freestanding space at Rte. 611 and Mill Rd. The property was leased by a franchisee of Sonic Drive-In. The deal was co-brokered by Jim Kahn of Kahn and Co. New Addition on “The Golden Mile”. In Springfi eld, PA Greg Jones and Samtmann of Equity Retail Brokers represented the landlord in leasing 24,000 s/f at the former Klaussner Home

Sonic Drive-In

Former Klaussner Home Furnishings Furnishings location at 134 Baltimore Pike. Coldwell Banker Commercial Bennett Williams The site was leased by 110 N. George Street – 4th floor American Furniture Design (represented by Legend PropYork, PA 17401 erties). “This was a very unique leasing project”, said Greg Jones. www.bennettwilliams.com “We were marketing this property to a very specifi c user that saw value in the improvements that were in place from the forUS Route 30 & Interstate 83 mer tenant.” president of Equity Ed Ginn said, “I was very York, PA 17402 proud of our leasing team. From the beginning of the 2.64 ACRES FOR LEASE leasing project to the lease’s signing, the team kept pushing, looking for the perfect use. The demand on Baltimore Pike is still high, as other national retailers expressed interest in the property and opening new stores in Springfi eld.” n

717-843-5555

1600 Mt. Zion Road York, PA 17404

5.65 ACRES FOR SALE

Shopping Centers Real Estate Journal a section of the

Mid Atlantic Real Estate Journal

30 Falling Springs Road

Capital Center

Chambersburg, PA 17201

Harrisburg, PA 17111

1.65 ACRES FOR SALE OR LEASE

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P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

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Associate Publisher Elaine Fanning

efanning@MAREJournal.com

Section Editor

Karen Vachon editor@marejournal.com

Shopping Centers Spotlight Architecture, Construction & Engineering MAREjournal.com

Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — B

Bernadette Callahan, PE Stantec

Brian Meyers LANDCORE Engineering Consultants, P.C.

Michael Sheer, P.E. Joseph Barbato Associates, LLC

Transportation Resource Group.....5B

Joseph Barbato Associates, LLC.....8B

PZS Achitects................................ 10B

Earth Engineering..........................5B

A & E Construction.........................9B

Studio5 Partnership....................... 11B

R.W Murray Co............................. 10B

McMahon Associates.................... 11B

Janson Goldstein........................... 10B

RGS Associates.............................. 11B

Stantec.............................................6B LANDCORE Engineering Consultants......................................7B

Streetsense..................................... 10B

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B — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

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Retail Architecture/Construction & Engineering By Bernadette Callahan, PE, Stantec

The value of stormwater management in the city of Philadelphia

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ommercial and other non-residential property owners in the City of Philadelphia are quickly learning what “stormwater runoff” means. This is because the Bernadette City of PhilCallahan adelphia Water Department (PWD) is transitioning from a water meter-based to a parcel area-

based billing approach for their stormwater utility fees. The new billing approach began July 1, 2010 and will be phased-in over the next few years with a full phase-in date of July 1, 2013. Stormwater runoff is defined as rain water that is unable to infiltrate into the ground after a rainfall event and therefore “runs off” to a nearby stream or sewer collection system. The potential for stormwater runoff is directly correlated to the type of land cover. Pervious

surfaces, such as meadows and wooded areas, generate less stormwater runoff since they are heavily vegetated, therefore absorbing most of the water that falls on their surfaces. Conversely, impervious surfaces, such as buildings, parking lots, and roads, generate significantly more stormwater runoff since they essentially provide a “cap” over the natural ground cover and prevent water from infiltrating into the ground. Stormwater runoff is especially a concern in an urban

environment since there are more impervious surfaces and less pervious surfaces. Since a majority of the rain water that falls on impervious surfaces becomes stormwater runoff, nearby streams receive a sizeable amount of runoff even in small storm events. This creates problems such as flooding, stream bank erosion, and pollution to the surface waters. In addition, the City of Philadelphia struggles with a combined sewer system which collects sanitary waste

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and stormwater runoff within the same collection system. These combined sewer systems quickly become overwhelmed by the addition of stormwater runoff when it rains. In order to prevent a sewer back-up during rainfall events, sanitary waste is sometimes discharged to surface waters presenting a serious public health issue. Historically, the PWD charged their commercial and other non-residential customers a flat fee for the stormwater utility based on the size of their water meter. This method of billing was flawed since the size of the water meter has little to no correlation to the potential for stormwater runoff on a property. In addition, approximately 40,000 properties, such as vacant lots or parking lots, were not charged for stormwater since they did not have a water meter on their property. Over the past ten years, the PWD has been working on a Geographical Information System (GIS) of the entire city to identify the current land uses. The new stormwater billing procedure utilizes this data as well as records from the City of Philadelphia Bureau of Revenue and Taxes to calculate the stormwater management fees. The new fee is calculated based on the size of the property and the amount of impervious cover on the site. This method of calculating the stormwater fees allows for a more equitable calculation of the property’s stormwater management costs since the potential for stormwater runoff is determined by the property size and land cover. In order to offset the impacts of the stormwater fee, the PWD has set up a stormwater credit and adjustment appeals program. The intent of this program is to adjust incorrect parcel data and to provide incentives for property owners to lower their monthly stormwater bill. To find out more information on this topic, visit http:// phila.gov/water/Stormwater_Where.html. Bernadette Callahan, PE, is a civil engineer in Stantec’s Philadelphia office. n

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Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — B

Retail Architecture/Construction & Engineering By Brian Meyers, LANDCORE Engineering Consultants, P.C.

Impacts of poorly planned stormwater management in land development

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s environmental regulations continue to gain momentum throughout the country, the impacts of poorly planned stormwater management facilities in land development Brian projects can Meyers have huge implications to both the permitting feasibility/timing and the bottom line of a successful development. Stormwater management has evolved, and continues to evolve, from the days of sticking one large above-ground detention basin in the back of your site. Stormwater management is now typically a collection of smaller features spread throughout a project site. If this ever-growing scope of stormwater features is not properly considered in the early stages of conceptual layout, the final development plans can end up with significantly less leasable floor area once the reviewing agencies have their say; and the developer may be left with a pro forma that no longer makes sense… Current environmental regulations demand an increased use of existing natural features in the overall stormwater design of a site. The use of natural features in stormwater design needs to be properly assessed before a

MBC Development acquires Myers Market in PA DILLSBURG, PA — MBC Development LP acquired Myers Market property at 120 North Baltimore St. Miller Brothers Construction Inc. (MBCI), a sister company to MBC Development, will carry out renovations to prepare the 14,000 s/ f building for July occupancy by two new tenants. According to Pat Higgins, director of retail projects for MBC Development, “We are planning a total interior overhaul of the building as well as a makeover of the exterior façade that will compliment the streetscape of the downtown business district.” n

suitable layout can be achieved for a development site. Many times, up-front planning of stormwater management is not considered and the final design solution results in large underground detention basins and mechanical units to treat water quality. Both of these reactionary solutions can be very costly to construct and also very costly to maintain. The resourceful use of existing natural features to the greatest extent possible in the planning of stormwater facilities can cut down on both the

construction and maintenance costs associated with managing your stormwater runoff. Planning your stormwater and grading scheme early in the due diligence phase of your project will result in a site layout that presents a realistic leasable yield, and one that will be cost effective in this challenging economic climate. Developers should also consider the benefits of bringing a well thought out plan to municipalities and review agencies, which can set the tone for the entire project and

often produce quicker project approvals. Lastly, many new stormwater regulations include increased long term operation and maintenance requirements for stormwater facilities. This typically includes activities such as cleaning, inspecting and repairing stormwater facilities, sweeping parking lots, etc. The costs associated with such maintenance can increase dramatically with the use of complex stormwater systems and mechanical treatment units; whereas well

planned, above-ground or atgrade facilities bring back the simplicity (and cost effectiveness) to long term stormwater facility maintenance. Brian Meyers is a senior project manager and professional engineer for LANDCORE Engineering Consultants, P.C. LANDCORE provides civil/site design and permitting services to a wide array of clients throughout the Pennsylvania and New Jersey region. n

• Project Management • Development Due Diligence & Feasibility Studies • Agency Permitting • Land Development Design • Construction Phase Services • Graphic Services PHILADELPHIA METRO OFFICE: 8614 Montgomery Avenue Wyndmoor, PA 19038 215-836-2510 LANCASTER OFFICE: 1853 William Penn Way, P.O. Box 10368 Lancaster, PA 17605-0368 717-672-0614

NEW JERSEY OFFICE: 100 Overlook Center, Suite 200 Princeton, NJ 08540 609-920-0268

LANDCOREconsulting.com

8B — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

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retail arChiteCture/ConStruCtion & engineering By Michael Sheer, P.E., Joseph Barbato Associates, LLC

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Fall Hazards – Minimizing the Risk

aintaining the safety of employees and contractors from potential falls i s c r i t i c a l in order to avoid costly lawsuits and to keep insurance premiums low. Should a fall occur during Michael Sheer the course of work, ownership and/or management can be at fault if proper fall protection measures are not in place. Occupational Safety and

H e a l t h A d m i n i s t r a t i o n (OSHA) and American National Standards Institute (ANSI) standards govern work place safety. OSHA 1910 (Subparts D and I) and 1926 (Subpart M) contain guidelines for common building elements including stairs, ladders, guardrails, elevated walking surfaces and skylights. ANSI Z359.2 defi nes minimum requirements for managed fall protection programs. Passed in 1970, the Occupational Safety and Health Act states that employers must take all reasonable precau-

tions to protect employees. Forty years later, the majority of buildings in use today do not have proper fall protection measures in place - leaving owners and managers exposed to unwanted liability. For proposed construction currently on the drawing boards, fall protection can be integrated into the building design if the design professional has adequate knowledge of the OSHA and ANSI standards. This is not always the case. Fall protection consultants or registered architects / engineers experienced

with fall hazard assessment and remediation should be retained to review the documents and make recommendations to incorporate “safe” design elements. While fall protection retrofi t is more costly for existing buildings, the solutions are usually straight forward. Installation is usually not disruptive to facility processes and the result is always cost effective given the potential exposure should a fall and injury occur. The process to address any potentially dangerous condi-

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tions begins with a fall hazard risk assessment completed by a qualifi ed fall protection consultant or design professional. Hazards are identifi ed and given a priority based on site observation and discussion with building personnel to determine how a task is performed, its frequency and the number of employees involved. Following the assessment, fall protection design documents are prepared specifying the elements required to satisfy the OSHA and ANSI standards. These documents should be prepared by a licensed professional engineer - at times in conjunction with an architect - as the fall protection elements often alter or impose load on the building structure and envelope. Proper installation of fall protection elements is critical. Given the liability associated with fall protection remediation, it is recommended that special inspections occur for critical elements such as fi eld welds and post-installed anchors. The design professional should also be involved in the construction phase to address questions that occur during installation and to assure the owner that the systems have been installed as designed. The following building areas are most often lacking in proper fall protection. • Rooftops Various tasks require employees to approach a roof edge: cleaning gutters, downspouts and drains, maintenance of roof and eave elements, work on mechanical elements such as security cameras, antennas and HVAC equipment. A parapet 42 inches in height is the best solution to address these hazards. However, this is not always possible given aesthetic considerations and height limitations. In the absence of a parapet of adequate height, the OSHA standard states that all employees working within close proximity of a roof edge be protected. This protection can be provided by individual anchor points connected to the building structure, horizontal lifelines and portable or permanent guardrail systems. • Interstitial spaces Workers often access mechanical equipment located above ceilings by crawling continued on page 10B

MAREjournal.com

Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — B

Retail Architecture/Construction & Engineering

The Foundation A&E Transforms Marple Crossroads ǡ ͳ ǡ ǡ Ǥ Ǧ ʹͲͳͲǡ Ƭ ǡ ǡ Ǧ Ǧ ǡ Ǥ ʹͺͲǡͲͲͲ Ǥ Ǧ Ƭ Ǣ Ǧ Ƭ Ǣ Ǣ Ǥ Ǣ ǡ ǡ Ǣ Ǣ Ǥ Ǣ Ǣ Ǣ ǡ ǡ Ǣ Ǥ

Loading Dock behind shopping center Future Walmart

Ƭ Ǧ ͳͳ͵ǡ͸ͲͲ Ǧ Ǥ Ƭ Ǥ Ǧ Ǥ Future K&G Fashion Superstore

Commercial i Education i Healthcare i Municipal i Retail & Hospitality Volume 16 www.aeconstruction.com Spring 2011 Pennsylvania: ͳͷʹ ǡ ǡ ͳͻͲͺʹ ǣ ͸ͳͲǦͶͶͻǦ͵ͳͷʹ ǣ ͸ͳͲǦͶͶͻ ͸͵ʹͷ New Jersey: ʹͲͳ Ǧ ǡ ǡ ͲͺͲ͵Ͷ ǣ ͺͷ͸Ǧͺͷ͹Ǧͻ͵͵͵ ǣ ͺͷ͸Ǧͺͷ͹Ǧͻ͵͵Ͷ

10B — May 27 - June 9, 2011 — Shopping Centers — Mid

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Retail Architecture/Construction & Engineering AION & Carlyle select R.W. Murray as gen. contractor Streetsense Archt. to reconstruct

Janson Goldstein leads reno/ expansion design effort

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ashington, DC — AION Partners and The Carlyle Group announced that a $6 million renovation of 1200 New Hampshire Ave., NW will add 8,000 s/f of corner retail space, a new lobby, fitness center and a green roof to the eight-story, 310,000 s/f class A office building located in Washington’s Central Business District. The renovations began in February and are expected to be complete in September 2011. AION and Carlyle purchased the building in 2007. “The new look and additional retail amenities will enhance the experience for our 1200 New Hampshire office tenants as well as the residents of the nearby West End neighborhood,” said AION Partners principal Michael Betancourt. “Beautiful architecture in a great location will also attract new retail and commercial tenants to the limited space available.” The extensive renovations to the property’s exterior and lobby include a 22-foot high glass facade, a two-story

1200 New Hampshire Avenue, NW lobby with an expansive plaza mous lighting designer Claude entrance, upgraded elevators Engle. “Our goal was to update and an expanded and fully and reposition this 30-year old renovated state-of-the-art fit- brick building while formalness facility. izing the outdoor space and The design effort has been maintaining the spacious-feel led by New York architectural to the lobby that the existing firm Janson Goldstein, which tenants have always enjoyed,” specializes in retail and hospi- said Hal Goldstein, Janson tality projects throughout the Goldstein managing partner. US and Canada. The design Virginia based R.W. Murray has been further enhanced Co. has been selected as the by engineers and design con- General Contractor for the sultants including world fa- project. n

National Realty & Development Corp.’s CooperTowne Center receives 2011 Achievement In Planning Award

Streetsense Development acquires 8,700 s/f building Washington, D C — Streetsense Development announced their most recent portfolio acquisition - 413-415 8th St. SE, Capitol Hill. The two level, 8,700 s/f building is located in Barracks Row on the neighborhood’s busiest block. In recent years, Barracks Row Main Street has become one of the city’s most popular attractions and is home to some of the region’s best and most popular restaurants. The buildings that line Barracks Row’s Main Street are more than 100 years old. Streetsense Architecture has been engaged to reconstruct the two street-front retail spaces (currently home to China Wall and Dollar + Continental; 1,399 s/f and 1,544 s/f respectively) into

Barracks Row ADA compliant, clean shells, with all utilities required by restaurants stubbed to the premises. In addition, the building’s lower level is being modified to become usable by future retailers/restaurants and patio space is available in the front and rear of the building. n

PZS Architects provides design services for Bakers Centre

Bakers Centre Philadelphia, PA — PZS Architects is providing the design services for the Bakers Centre retail complex which will be built in Philadelphia’s Hunting Park West neighborhood. The center will consist of 215,000 s/f of retail, office, educational and institutional spaces. Bakers Centre is cen-

trally located at the site of the former headquarters of the Tastykake Baking Company with excellent access to I-76, Rte. 1 & Rte. 13. The 30-acre center will be anchored by a ShopRite supermarket. The project will also bring a significant number of new jobs to the area, many of which to be filled by area residents. n

Fall Hazards – Minimizing the Risk

CooperTowne Center Somerdale, NJ — National Realty & Development Corp. (NRDC) has been selected to receive the 2011 New Jersey Planning Officials’ Achievement in Planning Award for the redevelopment of CooperTowne Center in Somerdale, New Jersey. CooperTowne Center is located at 711 Evesham Avenue at the intersection of the White Horse Pike and Evesham Avenue. The award is based on the recognition of a commercial or industrial development

demonstrating imagination and creativity that enhances social and economic quality. CooperTowne Center was classified as a “greyfields project” by the state of New Jersey’s Office of Smart Growth. National Realty & Development Corp. transformed the former Lions Head Plaza into a 385,000sf traditional northeast downtown shopping destination bringing 500 new jobs to the area. “National Realty & Development Corp. is honored by this recognition and Coop-

erTowne Center is reflective of our true passion for real estate. Through the collaborative efforts of NRDC, the Boroughs of Somerdale and Magnolia and the residents of these communities, we were able to deliver a unique example of revitalization in a shopping destination the communities can be proud of” said John Orrico, President NRDC. The award was given at the annual NJPO Achievement in Planning Awards Banquet on May 5th, 2011 at the Woodbridge Hilton. n

continued from page 8B along ductwork or walking on pipes without any means to arrest a fall through the ceiling below. The least expensive solution involves locating access panels directly below units requiring maintenance – thus eliminating dangerous travel above the ceiling. If this is not possible, elevated platforms with proper guardrails, beam trolley systems or isolated anchor points can be installed above ceilings to provide a safer working environment. • Skylights Skylights are dangerous in that they appear to offer protection over openings in roofs. However, whether due to inadequate original design or deterioration, skylights can fail in supporting the weight of workers conducting main-

tenance operations causing injury and death. Solutions include the installation of portable or permanent guardrail systems or fall protection anchor points. Also, products are available that can be installed over skylights to create a safe barrier. Various solutions exist to address fall hazards. They can include eliminating the hazard, engineering alternate procedures or installing elements such as guardrails and personal protective systems that make work safer. Michael H. Sheer, P.E, is the senior project engineer at Joseph Barbato Associates, LLC, a consulting structural engineering firm with over 15 years of experience with fall hazard risk assessment and remediation design. n

MAREjournal.com

Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — 11B

Shopping Centers Transportation Engineering

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12B — May 27 - June 9, 2011 — Shopping Centers — Mid

Atlantic Real Estate Journal

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People on the Move Fameco expands presence in center city

Jennerich & Cahill join Fameco Real Estate

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oodbridge, NJ — Scott Jennerich has joined the Fameco Real Estate organization and will be based out of its Woodbridge office. According to Fameco CEO and partner, Scott Jennerich Brandon Famous, “Scott brings to Fameco a varied and seasoned background in retail real estate, both locally and nationally, together with tremendous leadership skills. For the past year, Jennerich has been at the helm of Trinity Real Estate Advisors. He will join Fameco as the president of Trinity Real Estate Advisors, a wholly owned subsidiary of Fameco Real Estate. “The addition of Jennerich to this mix,” said Fameco Chief Operating Officer Michael Levin “will surely help us solidify our position as the dominant retail brokerage firm in the region.” Jennerich possesses 24 years of experience in retail and commercial real estate. His prior background includes leadership roles in the corporate real estate departments for Brown Shoe Company and McDonalds Corporation where he oversaw the development of more than 500 stores... During Scott’s tenure at Brown Shoe Company, he served as vice president of Real Estate for 1,400 US and Canadian retail stores. He directed real estate strategy, site selection, asset management and legal for Famous Footwear, Naturalizer, Franco Sarto and Via Spiga in the US along with Naturalizer and FX LaSalle

in Canada. At McDonald’s Corporation Scott served as Regional Real Estate Director overseeing the New York City, Hartford CT, and New Jersey regional offices. His areas of responsibility included new restaurant development, asset management and strategic planning. Prior to working in corporate real estate Scott began his real estate career working in brokerage and development for the Leo Eisenberg Company and KODE Development Associates. He developed and secured locations for such retailers as Walmart, Rite Aid, Pier 1, Burger King, Pizza Hut, Taco Bell, White Castle, Dunkin Donuts, Chili’s, and Olive Garden. Karen Cahill has joined the Fameco as a property manager. Cahill is a seasoned, handson, real estate professional with a strong background in property management on a regional level,” said Larry Zipf, president of Fameco Management Services. Cahill will oversee a portfolio of approximately 1 million s/f of retail space located throughout the greater Philadelphia region. According to Zipf, Cahill brings over 20 years of property management experience to her role. Cahill spent almost 18 years with Acme Markets (Supervalu, Inc.), completing her career there as the Eastern region asset manager. During her time with Acme, Cahill was involved in all phases of management services including lease administration, operating procedures, hands-on management, capital planning, and legal coordination.

PLYMOUTH MEETING, PA — Fameco Real Estate, the region’s premier retail brokerage firm, is opening an office in center city Philadelphia to better accommodate the growth of its clientele in the market. According to Brandon Famous, “Fameco’s commitment to the growing number of landlords and retailers it represents in center city requires a greater presence in the market. Establishing an office in center city will allow us to live and breathe the market every day and provide our clients with the most in-depth and current market intelligence available.” Fameco will be fully operational in the center city office at 1425 Walnut Street in early June. Fameco partners Jeffrey Cohen, Brandon Famous and Rick Schuch will spearhead this new initiative. Together they are aggressively expanding the portfolio of high profile leasing assignments while simultaneously growing the stable of center city retailers Fameco represents. In the past few months Fameco has been retained by some the city’s most prominent owners and developers to represent them in leasing their space. Fameco now represents Dranoff Properties, AMC Delancey and Core Asset Management, the developer of the 15 acre site across from the Sugarhouse Casino, in addition to a host of other well known owners. For years, Fameco has been assisting retailers with their center city requirements. Fameco currently represents such retailers as Ulta, Chipotle, Saxby’s, LA Fitness and Walmart in the market. “We’ve been fortunate,” said Fameco COO Michael Levin. n

Colonial Village Associates holds ribbon cutting ceremony MOONACHIE, NJ — On Edison Township Mayor Ricigliano joined Lookin Good Salon & Day Spa owner, Caroline Seidner, her husband Michael and Jaime M. Weiss, managing member of Colonial Village Associates, LLC to officially open the salon in a ribbon-cutting ceremony. “We are very excited about our new location at Colonial Village Plaza,” said salon owner, Caroline Seidner. “Not only are we honored to be among the best retail stores and restaurants in the region, but our product truly complements

Shown from left: Michael Seidner, owner Caroline Seidner, Mayor Ricigliano, Jaime Weiss, managing member of Colonial Village Associates, LLC, and Matthew Weiss, VP, Weiss Realty.

those of our neighbors – shoes, clothing, hair and nails.” “Lookin Good Salon and Day Spa brings a synergy to Colonial Village that benefits both retailers and office tenants,” said Weiss, managing member of Colonial Village Associates, LLC and president of Weiss Realty, the leasing and management agent for Colonial Village. “The retailers at Colonial Village share customers with one other, and the office tenants benefit from the convenience of shopping, dining, and serviceoriented options. It’s the perfect location for your business.” n

The historic 123 South Broad St. building

Metro Commercial opens center city office PHILADELPHIA, PA — Metro Commercial Real Estate has opened its third office in the area in the historic 123 South Broad St. building. According to Metro president Steven H. Gartner, “It Steven Gartner will bring our experience in property leasing, retailer rep-

resentation, investment sales, and property management to the heart of Philadelphia. We have been a significant player here for the past 25 years, and now we will have the team on the ground to more capably serve our growing client base. We even selected our location at the crossroads of Center City, strategically, to provide the best services that Metro has become recognized for, both regionally and nationally.” n

Silbert Realty & Mgmt. receives award MILLINGTON, NJ — Silbert Realty & Management Co. Inc. has been named for a third year in a row the Power Broker in the Top Brokerage Firm/ retail Lease Transaction category for 2010 by the Brian S. Silbert CoStar Group. CoStar Power Broker awards recognize the “most productive” in commercial real estate brokerage, spotlighting the firms and their individual

brokers who consummated the highest transaction volume in commercial property sales and leases in 2010 as reflected in Co-Star’s database and in transaction data support data supplied by the companies and brokers. Firm president Brian S. Silbert indicated that the knowledge of retail real estate and various markets throughout New Jersey is exemplary and demonstrates the firm’s ability to both retain and grow its loyal customer base through an effective delivery of real estate services within this highly competitive marketplace.” n

continued from page 2B Lighting alternatives are a key area. We have changed the lighting in several centers entirely to energy efficient “white light” bulbs, which provide the output of 1,000 watts at the cost of 750 watts. From a utility savings perspective, the payback is less than three years. And, because the bulbs are all new, they will not require any significant bulb changing for several years, which reduces maintenance costs. White lighting also makes a significant contribution to nighttime curb appeal. These bulbs make colors look better, brighter and more natural. At one of the newly relit properties, nighttime traffic was always slow. The new bulbs have made it far brighter and more inviting. The number of shoppers at the property after dark has increased notably. Two new sidewalk maintenance products, Epoxy Quartz System and Valkum 360 System, are also worth noting among the industry’s newest technologies. Anyone doing business in the Northeast knows that salt used to melt ice on sidewalks can do extensive,

costly damage. The systems enable landlords to refinish, rather than replace, sidewalk surfaces. They are attractive, affordable, adhere well and provide a level surface. The obvious challenge in all of this is to reduce costs without sacrificing quality, and all the while maintaining or improving a shopping center’s curb appeal. What consumers see and feel at a property dictates whether or not they want to shop there, which directly impacts tenant prosperity. Clearly, there is no “one size fits all” solution for propertyby-property cost savings. Each shopping center must be individually examined for logical ways to save money. Property managers who work to secure the best services at the best prices, while paying attention to research involving new opportunities and new ways of thinking, are best positioned to leverage industry shifts to the advantage of property owners and tenants. Rose Evans is vice president of property management for Levin Management Corporation in North Plainfield, NJ. n

Go beyond traditional thinking to . . .

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Mid Atlantic Real Estate Journal — Shopping Centers — May 27 - June 9, 2011 — 13B

Shopping CenterS

Feature Your Project

Also negotiates 11,4 0 s/f in Center City, PA

Metro Commercial inks 7,380 s/f lease for Banana Republic

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I L K E S - B A R R E , PA — As part of its representation for Gap Inc., Metro Commercial has brokered a new lease for a Banana Republic Factory Store. The new 7,380 s/f retail store, which will open in the fall of 2011, will be located at Arena Hub Plaza, on Mundy Corner of 15th & Walnut Street St. Metro Commercial’s VP Mark Gerlach negotiated the cured by Metro Commercial’s Gorman of Metro marketed lease on behalf of Banana Mike Gorman. the building on behalf of the Republic. Arena Hub Plaza is Jack Wills has leased the owner, Rosenberg Family entire 6,800 s/f 1617 Walnut Trust. Jack Wills was repped St. building. by Madison Retail Group and RE_ad_version1.qxp 11/2/2005 Michael Salove Co. 11:54 AM Page 1 n Steven Gartner and Michael

The Children’s Place

Krispy Kreme

Metro Commercial’s Michael Gorman and Steve Gartner. owned by TFP Limited. Metro Commercial has negotiated three store openings in Center City. The Children’s Place has leased its fl agship location, the corner of 16th & Chestnut St. Dan Brickner, VP of Metro represents the retailer in the area, and relocated them from their longtime home to this 4,650 s/f store. The property is owned by Brahin Properties. Also sharing a portion of the 1535 Chestnut St. building is Center City’s fi rst Krispy Kreme Doughnuts location se-

Developments Construction Renovations

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14B 27 25 - June 9, 2011 —— Shopping Centers —— Mid Atlantic Real Estate Journal 26B — — May March - April 7, 2011 Shopping Centers Mid Atlantic Real Estate Journal

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RETAIL BROKERAGE DIRECTORY

ARC Properties, Inc. 1401 Broad Street• Clifton, NJ 07013 Michael R. Ambrosi Leasing and Marketing P: 973-249-1000 x 116 mambrosi@arcproperties.com Steven Maloy S.V.P. Investments P: 973-249-1000 x 114 stevem@arcproperties.com

Azarian Realty Co. The Azarian Building • 6 Prospect St. Suite 1B • Midland Park, NJ 07432 P: 201-444-9888 F: 201-444-6655 www.azariangroup.com info@azariangroup.com John M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

Capital Retail Group 1401 14th St. NW • 3rd Floor Washington, DC 20005 P: 202-319-2884 www.capitalretailgroup.com Robert E. Tack • Michelle Tack Capital Retail Group is founded on the belief in doing a few things very well. It’s straight forward. We know commercial real estate leasing, sales and property management. We know our business.

600 Grant Street • Suite 1400 Pittsburgh, PA 15219 P 412.471.9500 F 412.471.0995 www.cbre.com/retail24-7.com Herky Pollock • Jason E. Cannon Steven M. Esposito• Robert E. Gold

Coldwell Banker Commercial Bennett Williams Inc. 110 N. George Street • 4th Floor York, PA 17401 P: 717-843-5555 F: 717-843-5550 info@bennettwilliams.com Robert Behler Jr. • Bobby Traynham Dennis Neiman • Chad Stine Chris Seitz • Bradley Rohrbaugh • David Schad

Colliers International – Philadelphia, PA (HQ) 399 Market St. Ste. 350 Philadelphia, PA 19106 P: 215-925-4600 F: 215-925-1040 www.colliers.com/philadelphia Michael Barmash • Despina Belsemes David Dunkelman • Michael Kahan Todd Sussman Colliers International – Conshohocken, PA 161 Washington St., Ste. 825 Conshohocken, PA 19428 P: 610-684-1850 F: 610-684-1857 Damon DiPlacido Colliers International – Allentown, PA 7535 Windsor Dr., Ste. 208 Allentown, PA 18195 P: 610-770-3600 F: 610-770-3100 Derek Zerfass Colliers International – Harrisburg, PA 300 N. Second St., Ste. 1203 Harrisburg, PA 17101 P: 717-730-3752 F: 717-238-3299 William Aiello • George Lulos Colliers International – Mount Laurel, NJ 1317 Route 73, Ste. 109 Mt. Laurel, NJ 08054 P: 856-234-9300 F: 856-222-1115 David Dunkelman Colliers International – Wilmington, DE 300 Delaware Ave., Ste. 1018 Wilmington, DE 19801 P: 302-425-4000 F: 302-425-4700 Mark Undorf

Equity Retail Brokers 101 West Elm St. • Ste. 370 • Conshohocken, PA 19428 P: 610-645-7700 F: 610-645-5454 info@equityretailbrokers.com Stuart Conston • Lee Cooper • Bart Delner Ed Ginn • Kathy Haines • Conrad Heckmann Ken McEvoy • Rob Samtmann • Rose Urban Brian Wherty • Rich Zeller • Gregory Jones Chris Lee • David Goodman

Fameco - Woodbridge, NJ Woodbridge Towers • 555 U. S. Highway 1 Iselin, NJ 08830 P: 732-526-9000 F: 732-526-9101 www.famecoretail.com Tyler Bennett • Carlo Caparruva • Mike Horne Dan Spector • Steven Winters Fameco - Plymouth Meeting, PA 633 West Germantown Pike • Suite 200 Plymouth Meeting, PA 19462 P: 610-834-8000 F: 610-834-1793 www.famecoretail.com Cathy Agnew • Jackie Balin • Rod Bell Brian Bruzek • Jeff Cohen • Chris Covello Jim Creed • Scott Dennis • Brandon Famous John Fasciano • Blake Golom • Michael Gray Dana Hawkins • Jerry Johnson • Jon Kieserman Adam Kohler • John Krause • Jon Kushner Dylan Langley • Gary Leone • Marc Mandel Matt Mandel • Jay Miller • Steve O’Malley David Orkin • Dale Peterson • Rick Schuch Julie Tanpitukpongse • Dave Vitali Rick Weinberg • George Wisnoski Marissa Visconsi • Fred Younkin

Kay Realty Services, LLC 1989 Jumping Brook Rd. Tinton Falls, NJ 07753 P:732-918-1148 F:732-918-1628 www.kayrealtyholdings.com William Klein, Broker • Developer Property Management • Leasing

Joe R. Deerin, CSM • Donna Deerin Ward 120 North Pointe Blvd., Suite 301, Lancaster, PA 17601 P: 717-569-9373 T: 800-864-2633 www.LMS-PMA.com Dave Nicholson, Blaze Cambruzzi, Michael Boden, SCSM, Chad Ward, Blake Gross, Joe Spagnola, CCIM Ted Hummel, CCIM, e-pro, Wilay Boensch

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Mid Atlantic Real Estate Journal Shopping Centers May 27 June 9, Mid Atlantic Real Estate Journal —— Shopping Centers —— March 25 -- April 7, 2011 2011 — — 15B 27B

RETAIL BROKERAGE DIRECTORY David S. Feldman Regional Manager – Washington DC Ofce Special Assets Services – Regional Director 7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814 P: 202-536-3700 F: 202-536-3710 www.marcusmillichap.com

NAI Keystone Commercial & Industrial, LLC Exeter Ridge Corporate Center • 3970 Perkiomen Ave. • Ste. 200• Reading, PA 19606 P: 610-779-1400 F: 610-779-1985 John Buccinno • Bryan Cole • Steve Willems

Danny Brooker, Josh Feldman, Brandon Jenkins, Kirk Knight, Ed Laycox, Nathan Pealer, Rudolph Rueda, Peter Snell

Michael J. Fasano Marcus & Millichap 611 River Dr. • 4th Floor • Elmwood Park, NJ 07407 P: 201-582-1000 F: 201-582-1010 www.marcusmillichap.com

NAI Summit 3435 Winchester Rd. • Ste. 300 • Allentown, PA 18104 P: 610-264-0200 F: 610-871-1700 summit@naisummitmrc.com www.naisummitmrc.com Tyler Chomik • John L. Crampsie, SIOR Jody King, CCIM • Dwight Musselman David Schumacher

Urszula Zoltek,Seth Pollack, David E. Thurston, Michael Lombardi, Brian Schilliti, Greg Babaian

Spencer Yablon Vice President and Regional Manager 8 Penn Ctr. • 1628 JFK Blvd. • Ste. 1200 Philadelphia, PA P: 215-531-7000 F:215-531-7010 www.marcusmilllichap.com Derrick Dougherty, Matt Gorman, Tom Gorman, Matt Hardiman, Jordan Muchnick, Chris Munley, Brad Nathanson, Michael Shover, Mark Taylor, Dean Zang

Metro Commercial- Mt. Laurel, NJ 303 Fellowship Rd. • Suite 202 •Mt. Laurel, NJ 08054 P: 856-866-1900 F: 856-866-1611 Brandon Anapol • Brent Barbehenn • Dan Brickner Kurt Rumley • Mark Gerlach • Mary Hughes • Mike Gorman Paul Friedman • Paul Rumley • Pete Nicholson Rob Cooper • Tom Londres Metro Commercial - Conshohocken, PA Eight Tower Bridge • 161 Washington Street #375 • Conshohocken, PA 19428 P: 610-825-5222 F: 610-826-5156 Brian Goodwin • Donna Drew • Glenn Marvin Joe Dougherty • Mike Murray • Randy Hope Steve Gartner • Steve Niggeman

Remco Realty Group 525 MIlltown Rd. • Ste. 101 • North Brunswick, NJ 08902 P: 732-253-0888 F: 732-253-0887 pgallicchio@remcorealty.net www.remcorealty.net Peter Gallicchio, Owner / President

R. J. Brunelli & Co. 400 Perrine Rd. • Suite 405 • Old Bridge • NJ 08857 P: 732-721-5800 F: 732-721-9241 www.njretailrealty.com Richard J. Brunelli • William A. Lenaz Carl J. Minue • Martin Yaged • John Lenaz Ron DeLuca • Edward Abaid Danielle Brunelli-Albrecht • Michael Murphy Assunta Spedaliere

Rock Commercial Real Estate LLC 221 W. Philadelphia • St. Suite 19 • York, PA 17401 www.rockrealestate.net Ryan Myers, CCIM, • Larry O’Brien, CCIM Benjamin Chiaro, CCIM • Cami Spiridonoff, CPM David Bode, CCIM, SIOR • Dave Keech, CCIM, SIOR Jason Turnbull, CCIM • Kevin Hodge, CCIM Michael Katz, CCIM • Russ Bardolf, CCIM Ted Turnbull, CCIM

Silbert Realty & Management Company, Inc. 85A Division Ave. • Millington, NJ 07946 P: 908-604-6900 F: 908-604-2030 www.silbertrealestate.com info@silbertrealestate.com Brian S. Silbert • Joel Tomlinson Dominick V. Paragano • Wayne Kasbar David A. Greenman • William Ray

Soloff Realty & Development, Inc. Eight Tower Bridge • 161 Washington Street Suite 920 • Conshohocken, PA 19428 P: 610-834-0400 F: 484-534-2102 Broker: Richard L. Soloff Richard@soloffdevelopment.com Retail Brokerage * Development * Consulting PA, NJ & DE

Welco Realty, Inc. 2525 Palmer Avenue • New Rochelle, NY 10801 P: 914-576-7500 F: 914-576-7596 www.welcorealty.com Jerry Welkis • David Sternschuss • Allen Cooperman Susan Welkis • Antoinette Calisi • Jason Gerbsman Stephan Miller • Tod Heller • Etan Shalem Bob McCory • Dave Shaloum

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Elaine Fanning, Publisher Ph: 800-584-1062 x 212 Fax: 781-871-5299 efanning@marejournal.com www.marejournal.com P.O. Box 26 Accord, MA 02018

16B — May 27 - June 9, 2011 — Shopping Centers — Mid

Michael Kercheval President & CEO ICSC

Peter Sharpe ICSC Chairman

Atlantic Real Estate Journal

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Member of International Brad Hutensky Council of Shopping Centers John-david Franklin Director, Eastern Division www.icsc.org VP & Trustee

PA/DE/S.NJ

Northern NJ State Directors PA/DE/S.NJ: State Director John-david W. Franklin Steven Gartner MadisonH.Marquette Metro Commercial Real DC/MD/N.VA: Estate Larry M. Spott, CDP The Rappaport Companies Government Relations Committee Chair S.VA: Michael A. F. Mozzachio Susan Jones GrubbDevelopment & Ellis Chancellor Group Government Relations Committee Chair Alliance Co-Chair PA/DE/S.NJ: Edward A. Shriver, Jr. Ed Kockman Strada Kochman Consulting Services Operations Co-Chair DC/MD/N.VA: Lynda E. Benedetto, Thomas C. Barbuti Whiteford, Taylor and SCSM Preston LLPCo. Kravco Simon

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Offices in: Baltimore, Maryland Harrisburg, Pennsylvania Philadelphia, Pennsylvania

Companies 2010 — 35B 9, 2010, September 27 - Estate — AugustReal Estate Journal — Shopping Centers Atlantic Mid MARE journal.comReal Mid Atlantic Journal — Shopping Centers — May 27 - June 9, 2011 — Inside Back Cover B

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CONTRACTORS, OWNERS & MANAGERS

NJPA M A ID

TLANTIC

REAL ESTATE JOURNAL

Section C of the Mid Atlantic Real Estate Journal

Improvements include replacing the roof, front walkway & added energy efficient lighting

Elegant Interiors completes Exton Medical Building renovations

E

XTON, PA — Exton Medical Arts Associates has recently completed extensive renovations to the 30,000 s/f Medical Arts Building located just south of where Route 113 intersects Route 100 at 80 West Welsh Pool Rd. Owners Brett and Scott Furman along with their designer Pam Kofsky of Elegant Interiors set out to take the dated looking Exton Medical Arts Building and bring it into

the 21st century. The renovations featured equipping the front main doors with an automatic opening capability for easy access to the building for the patients, a stunning new ceramic tile floor and the addition of a new seating area; artwork and accessories have combined to make the lobby feel like home. “Pam, our designer, knew exactly what was needed to make all the patients and tenants

MAY 27 - JUNE 9, 2011

HI-LIGHTS The Donaldson Group acquires $20m, 599 unit apt. The Donaldson Group and its equity partner, Angelo, Gordon & Co., have acquired Regency Pointe, a 599-unit community in Forestville, MD. See Page 10C.

NJBA names Roseland’s 40 Park Community of the Year Roseland Property Co. took center stage at the 2011 Sales and Marketing Awards held in Atlantic City, sponsored by the New Jersey Builder’s Association. See page 10C.

ALSO INSIDE: JOSH QUINTER, KAPLIN STEWART .........................................2C PEOPLE ON THE MOVE ...........................................................6C NJAA ORGANIZATION ...........................................................8C MULTIFAMILY ....................................................................8-11C IREM ORGANIZATION ............................................... 12-IBC-C Section C, 16 pages

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Shown from left: Dr. Thomas Brady, Dr. Jeffrey Rosenblum, owners Brett Furman and Scott Furman. Seated is designer Pam Kofsky, Elegant Interiors happy and comfortable” said included replacing the roof, which has already yielded a Scott Furman. Other recent front walkway and added en- 9% reduction in energy for the improvements to the building ergy efficient hallway lighting year. ■

On Port Imperial 9/11 Memorial

City of Weehawken and Roseland Property break ground WEEHAWKEN, NJ — Mayor Richard F. Turner reminded a crowd of more than 100 people who gathered at the Port Imperial waterfront why Weehawken will forever be linked to the events of Sept. 11, 2001. Five of the victims from that day were Weehawken residents, but also, Weehawken was a place where people bravely banded together to help more than 60,000 victims in the face of a crisis. “We will remember this site as a place where people helped people,” Turner said. Turner was speaking at the groundbreaking ceremony for Weehawken’s 9/11 memorial, which will be located near the public waterfront walkway at Port Imperial, on the banks of the Hudson River. The memorial is being constructed by Roseland Property Co., the master developer of Port Imperial, which also built the riverfront walkway as part of its public/private development partnership with the City of Weehawken.

Artist’s rendering The memorial will be at the center of the park. An infinity pool will hold steel spires that were salvaged from the World Trade Center site and donated to Weehawken by the Port Authority. Two large pieces of the steel will be erected in the pool to form an arch reflective of the architectural element from the World Trade Center.

The memorial will be completed and opened for viewing on Sept. 11, 2011 – the 10-year anniversary of 9/11. The memorial is part of a larger effort by Roseland and the municipalities of Weehawken, West New York and Guttenberg to build an easily-accessible public waterfront walkway along Port Imperial’s two miles of riverfront property. ■

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 1C

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www.earthengineering.com

Atlantic Real Estate Journal

MAREJ COM By Josh Quinter, Kaplin Stewart

Construction in the modern age s I sit here in a hotel room at Disney World writing this article, I marvel at the flexibility modern technology gives us all. It was not long ago that a deadline or some work related project either Josh Quinter had to be completed before leaving the office for more than a few hours or simply had to wait until vacation was over. These days, people can work all over the world from wherever they happen to be physically located at the moment. This is also true in the construction business. The use of technology allows construction companies the ability to improve communication and more accurately maintain project records. These are all great for business. But with it comes dangers that can be problematic if not carefully considered. Here are a few pointers to keep in mind. (1) Be Careful with E-mail: E-mail is a great tool because it allows people to communicate efficiently and in a way that allows people to respond at any hour. However, e-mail is also

A

often treated too loosely and leads to trouble. One should always remember that e-mail is written communication. If you would not want it to be posted on a wall – or in court – for the world to see, it is probably not a good idea to press that send button. (2) Have an Internal Policy on Electronic Documents: Storing things electronically is a great way to save space, paper, and more easily manage project data. It can even allow people working on a project to access documents with the same ease whether sitting in the conference room or out in the field. But it can also lead to confusion and mistakes that cause trouble. Be sure you manage things in a way that ensures everyone is working from current versions and that they can be easily located in a project specific way to avoid confusion. (3) Consider Including an Electronic Policy in Contract Documents: Many project owners and design professionals are going to electronic records to design and manage projects. This will only continue to become more prevalent as technology gets more sophisticated, including the use of Building Information Modeling. The

2011 20 2 01 11 1 M Mid-Year id-Ye Yea ar r R Review evi ev vie iew ew

| pp | | y | een Building | Engineering | Maryland Brokers | Environmen | Industrial | New Jersey | Office | Shopping Centers | Atlantic Estate Journal wareMid | Owners | D.C. |Real Managers | Virgina | 1031 |isAppra chitecture Brokers of | Construction | Green Bui inviting| Pennsylvania a Select Group Top Executives gineering | Maryland Brokers | Environmental Law | Indust Jersey | Office | Shopping Centers | Delaware | Owners | anagers | Virgina Appraisal | Architecture Penns To write |an1031 expert|article about the current state of| their rokers | Construction | Green and Building Engineering | Mary respective marketplace where |they see it progressing ers | Environmental in 2011. Law | Industrial | New Jersey | Office ping CentersThese | Delaware Ownersour | readers D.C. | on Managers | Vir experts will|enlighten their industry 031 | Appraisal | Architecture | Pennsylvania Brokers and give a general overview of the marketplace in the| Cons | Green Building | Engineering | Maryland Brokers | Environ field they represent. aw | Industrial | New Jersey | Office | Shopping Centers | ware | Owners | D.C. | Managers | Virgina | 1031 | Appra chitecture |This Pennsylvania Brokersleaders | Construction | Green issue gives industry the ability to inform ourBui gineering |30,000+ Maryland Brokers Environmental | Indust readers on the| current state of theLaw market Jersey | Office | Shopping Centers | Delaware | Owners for the remainder of the year and business expectations | anagers | Virgina 1031 |onAppraisal | Architecture for 2012|focusing specific business verticals. | Penns rokers | Construction | Green Building | Engineering | Mary Schlouch provides excavation, paving ers | Environmental Law | edition Industrial | New Jersey | Office The June 24, 2011 will feature these experts. ping CentersLearn | Delaware Owners | D.C.and| what Managers about their|areas of expertise they | Vir 31 | Appraisal | Architecture | Pennsylvania Brokers | Const expect from their industry. | Green Building | Engineering | Maryland Brokers | Environ aw | Industrial | New Jersey | Office | Shopping Centers | ware | Owners | of D.C. | Managers | Virgina | 1031 | Appra Pictures all authors will appear on the cover chitecture |Special Pennsylvania Construction | Green Bui advertisingBrokers rates for|participating companies. gineering | Maryland Brokers | Environmental Law | Indust Jersey | Office | Shopping Centers | Delaware | Owners | anagers | Virgina 1031 | Appraisal Editorial|Requirements Include: |300Architecture -450 words, | Penns rokers | Construction Green Building | Engineering double-spaced|typewritten along with a photograph. | Mary ers | Environmental Law | Industrial | New Jersey | Office ping Centers | Delaware | Owners | D.C. | Managers | Vir 1031 | Appraisal | Architecture Pennsylvania Brokers | Con Publication date: June 24,| 2011 tion | Green BuildingMay | Engineering Deadline: 13, 2011 | Maryland Brokers | En ental Law | Industrial | New Jersey | Office | Shopping Ce laware | Owners D.C.space | Managers Virgina | 1031 | Reserve|your today by|calling: aisal | Architecture | Pennsylvania Brokers | Construction | Dianna Mallozzi n Building |1-800-584-1062/ Engineering | Maryland Brokersext. | Environmental 781-871-5298 209 dustrial | New Jersey | Office | Shopping Centers | Delawa E-mail: dmallozzi@marejournal.com ers | D.C. | Managers | Virgina | 1031 | Appraisal | Archit | Pennsylvania Brokers | Construction | Green Building | En

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for PAETEC Conshohoken expansion CONSHOHOCKEN, PA — Schlouch Inc. has been named by Gray Connective to provide excavation, concrete installation and paving for the PAETEC Data Center expansion. Schlouch will provide demolition of existing paving and interior concrete slabs, excavation and backfill

for a new power trench, excavation and extension of a new generator pad, interior trenching, interior concrete pads and paving repairs. Dean Nicholas is Schlouch’s site coordinator and Steve Nester is project manager/estimator. ■

most recent version of the AIA documents includes language dealing with electronic documents. Make sure you understand any project specific requirements for electronic records imposed by others. Also consider developing a standard clause for your own contracts downstream so that you can establish your own protocol for electronic documents. Technology will continue to make it easier to get our work done and enjoy life more. The use of technology, however, should also be thought through. Like many other things, it is only as good as the user. Josh Quinter is a principal in the Construction Law group of Kaplin Stewart. ■

Contractors, Owners & Managers a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

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Section Publisher Joe Christman jchristman@marejournal.com

Section Editor Karen Vachon kjoy@marejournal.com

C Inside Cover — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 3C

4C — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

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MAREJ COM GENERAL CONSTRUCTION

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For the MacMillan Bloedel Building in Jersey City

Port Authority renews and Expands contract with GSH

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ERSEY CITY, NJ — GSH Group, Inc., a global building engineering and energy management provider, has renewed its contract and expanded its service offering for Reed Ell building operations and maintenance services with the Port Authority of New York and New Jersey’s MacMillian Bloedel Building. The contract, awarded through the GSA Federal Supply Schedule, includes

the Port’s MacMillan Bloedel Building, Train Control Center and Storage Building. As part of the new contract, GSH will be providing an additional team of on-site engineers to complement GSH’s existing on-site engineering/ electrical staff. In total, GSH holds three operations and maintenance contracts with the Port Authority including the Port Jersey Marine Terminal in Bayonne, New Jersey. Reed Ell, GSH’s director of operations, is responsible for overseeing the contract and has commented, “We are

pleased to expand our service offerings with the Port Authority and their facility in Jersey City.” ■

Maxwell Systems releases const. mgmt. software KING OF PRUSSIA, PA — Maxwell Systems, Inc., a provider of complete construction business management software, released Maxwell Systems ProContractorMX version 2.6, which offers valuable new capabilities to help earthwork, sitework, and excavation contractors more quickly and accurately takeoff plans, and delivers a new module to help construction and service contractors to manage inventory. “We continue to innovate features for ProContractorMX so that construction companies really have the ultimate all-inone solution for their business,” said Jim Flynn, president & CEO of Maxwell Systems. “The latest capabilities are of great benefit to contractors doing structural construction, earthwork, or service, and many of the enhancements we deliver on are developed using the input and experiences we hear from our customers. This helps keeps the solution robust, flexible, and very user friendly for contractors of varying size and across the industry.” Capabilities and enhancements delivered: • Earthwork Measurements - after importing digital CAD files, contractors can now import and select a contour line, and ProContractorMX automatically assigns elevations (existing and proposed); the solution can also now automatically connect contour lines on plans. Estimators are able to save significant time and dramatically improve accuracy during earth-measuring takeoff. • Inventory Management provides a powerful inventory system suitable, helping construction and service contractors to minimize tasks while maintaining adequate stocks of critical items. Maxwell Systems ProContractorMX is a comprehensive, all-in-one construction management software solution that includes key capabilities for takeoff; estimating; bids and proposals; management of projects, financials, procurement, inventory, employees, payroll, and equipment; and intelligent dashboards. ■

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 5C

JRS ARCHITECT, P.C. architecture | interior design | management

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6C — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

Atlantic Real Estate Journal

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PEOPLE ON THE MOVE For the Washington, D.C. area

VP for development in the D.C. office

Skanska hires Droppa as dir. of the special projects group

Skanska Commercial Dev. promotes Carroll

R

OCKVILLE, MD — Skanska USA Building has hired John Droppa as director of the special projects group for its Rockville office, which serves clients in the Greater Washington, John Droppa D.C., Baltimore and Northern Virginia areas. In his new role at Skanska, Droppa will utilize his 20-plus years of experience in the industry to ensure continuity for Skanska’s clients, from preconstruction through proj-

ect completion. His responsibilities will include complete control of cost, scheduling and delivering clients’ expectations from start to finish. “John brings a tremendous amount of experience to Skanska,” said Chuck Brawley, executive vice president and general manager of Skanska USA’s Rockville office. “John will oversee construction and leverage his experience and expertise to ensure that all of our projects remain on schedule and within budget.” Prior to joining Skanska, Droppa worked at Turner Construction Company for seven years, most recently serving as operations manager. He has also worked at

Rector Construction Company and Rand Construction Corporation. His previous project teams have won several awards, including AGC Contractor of the Year in 2006 and AIA Best Interiors under $10 million in 2005. Droppa is a member of several local and national industry organizations, including the U.S. Green Building Council National Capital Region Chapter and the District of Columbia Building Industry Association (DCBIA). He received a Bachelor of Science degree in psychology and business management/ finance from Portland Bible College. ■

WA S H I N G T O N D . C . — Skanska USA’s commercial development business unit, which is pursuing commercial development initiatives in Washington, D.C., Boston, Houston, and Seattle, announced The promotion of Mark Carr o l l t o t h e Mark Carroll position of vice president for development in the D.C. office. Furthermore, in Houston, John Kirk has been promoted to development director and Joel Ambré has been hired as development director. “We are excited to have Mark, John and Joel in their new

positions as we grow our commercial development business unit,” said Mats Johansson, president of Skanska USA Commercial Development. “We have been actively pursuing projects that align with our core values of operational efficiency and environmental sustainability, and look forward to continued success in DC and Houston.” Carroll, a development director since 2009, has been a key player on projects including 1776 Wilson Boulevard, 10th and G St., and Capitol Plaza. In his new role, he will oversee the group’s commercial development initiatives and seek new business opportunities. He previously worked as a principal at Carroll Development LLC. ■

Francis Cauffman appoints Jennifer Browne Cowleys elevates Hank Johns to branch/operations manager as director of laboratory planning NEPTUNE CITY, NJ — Cow- his own residential construcP H I L A D E L P H I A , PA – Francis Cauffman, an architecture firm, has appointed Jennifer Browne as director of laboratory planning. Browne has been planning laboratories intern a t i o n a l l y Jennifer Browne for more than 30 years. She has extensive experience in designing labs with different security and containment levels. “Jennifer has completed sophisticated projects around the world and brings that knowledge to Francis Cauffman. With such a variety of experience, our clients will

benefit from her insight and expertise,” said James Crispino, AIA, president of Francis Cauffman. Browne’s work varies from higher education facilities to laboratories with biological safety levels 2, 3, 3-enhanced and 3Ag. She has also completed a number of vivariums and insectary facilities in both the private and public sectors. Previously, she worked at Health, Education + Research Associates where she was a Senior Lab Architect leading efforts in numerous laboratory programs and planning projects. These include the King Hussein Institute for Biotechnology and Cancer in Jordan, the FBI Laboratory Division in Quantico, VA, and the Children’s Hospital of

Philadelphia. Browne is a licensed architect in Washington and California and is a NCARB certified and LEED Accredited Professional. She was an architectural member for the NIH Science and Technology Review Board for various grant applications from 2008 to 2011 and is a founding board member of the Green Vivarium Foundation and a member of the Educational Program Committee for the Delaware Valley Green Building Council. Browne has a Bachelor of Fine Arts in Environmental Design from Parsons School of Design in New York City and a Master of Architecture in Urban Design from Virginia Polytechnic Institute & State University. ■

Lunar Electrical Contractor, Inc. celebrates 20 years OLD BRIDGE, NJ — In today’s economy, it’s hard to find a business that’s been around a long time, especially one in the construction industry. One local company is celebrating its 20th year of service. Lunar Electrical Contractor, Inc. started in 1991, an uncertain time as well, and has managed to service hundreds of commercial clients. “We stress customer service and loyalty to keep our clients coming back.” said president Ron Giambrone, the companies’ sowner. “As long as you give your clients great service, quality work at reasonable costs, they will

keep using us. We still have business’s today that we did work for our first year in business. That says a lot about our reputation.” Giambrone started the company with a personal savings of $2,000 and an old work van. After only a few years, the van overheated and the engine ceased on the Garden State Parkway on the way to a project. “We had to quickly purchase another van to maintain our customer’s projects, and we ended up some years later with four new service vans and a bucket truck. We knew then we were in for the long haul.”

Today Lunar Electric has grown and performs electrical wiring for Light, Heat, and Power for new businesses, retail services and commercial strip malls. They also have an expert service team that will troubleshoot hard to find problems, and make the necessary corrections. surge protection & energy efficient automation is our new specialty in the commercial office & building area. It allows clients to protect their delicate electronic equipment with surge protectors, and energy efficient sensors to control office & retail lighting saving money on energy costs. ■

leys Termite and Pest Services promoted Hank Johns to branch/ operations manager. Said Bill Cowley, VP, “Last year, Hank joined the Cowleys team up and running, Hank Johns bringing over 16 years of customer services management experience. He is a resultsoriented, customer-first manager whose unique insight in condominium, cooperative, and homeowner associations has helped us in ways we never anticipated. Johns operated

tion company for more than a decade so he knows first-hand what it takes to run a business. With Hank’s promotion to branch/operations manager, Cowleys will continue to deliver the highest level of customer service.” Johns is a member of the Community Associations Institute, the NJ Shore Builders Association, the Institute of Real Estate Management, and the NJ Wildlife Control Operators Association. He is a strong proponent of standards and training in the Community Association Industry and has designed and implemented a variety of professional seminars. ■

Gruskin Grp. moderates “Let’s Charrette” UNION, NJ — Ten multidisciplinary teams comprised of professional designers acting as mentors and students of graphic, interior, and industrial design recently gathered for a three-and-a-half-hour charrette at “LifeKor World Headquarters”. Their goal: It’s the year 2049 and they must create a brand presentation for LifeKor’s Biomedical Communications Implant devices sold in two premier product lines —“Neuroluxe” and “Persohnic.” This was the assignment for a fictitious future company as part of the second annual charrette exercise “Let’s Charrette” that was conceived and moderated by Gruskin Group. Open to all design

Kenneth Gruskin AIA, principal of Gruskin Group mentors a “Persohnic” team at the Robert Busch School of Design at Kean University’s eighth annual Thinking Creatively Conference. students and design professionals, the charrette event allowed design students to see how they can work with peers representing a wide cross section of design disciplines including graphic, industrial and interior design. ■

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 7C

MARE COM

GET YOUR NAME IN THE PAPER!!!

College of Nursing in Newark, New Jersey

Jarmel Kizel completes design at Rutgers University NEWSRELEASES&

N

EWARK, NJ — Jarmel Kizel Architects and Engineers, Inc. completed the design for renovations to Rutgers University’s College of Nursing, which is located at 180 U n i v e r s i t y Matthew Jarmel Avenue in Ackerson Hall on the Newark, New Jersey, campus. “Our firm has provided architecture and engineering design services for Rutgers for many years, and we are pleased to have met the university’s renovation needs for the College of Nursing,” said Matthew Jarmel, AIA, MBA, and principal of Jarmel Kizel. For this assignment, Jarmel Kizel was tasked with providing a program and space plan for a 6,000 s/f space on the second floor of the facility, which transformed the space into an open area with systems furniture, a new computer lab for up to 30 students, as well as offices for faculty and a kitchen pantry. In addition, the firm provided plans to renovate the existing first floor education training center into a lecture hall. The space was expanded by 750 s/f to total approximately 2,000 s/f occupying most of the southeast quadrant of the first floor. Jarmel Kizel also prepared architectural and mechanical, electrical, plumbing and fire protection documents for both projects, in addition to providing bidding and construction contract administration services. Jarmel Kizel completed the design of three new nurses stations at the John L. Montgomery Care Center in Freehold Township in Monmouth County. The project encompassed demolishing the existing nurse stations on the second, third and fourth floors of the facility and replacing them with new, modern highly functional stations. Jarmel Kizel provided all architectural, mechanical, electrical, plumbing and fire protection drawings, as well as structural evaluations for this project. Others services included programming, site analysis, schematic design, design development, bidding and construction

contract administration. “Our team took all things into consideration when designing this project,” said Matthew Jarmel. “We truly understood the importance of keeping the center open during the construction process and we took every necessary step to minimize the disruptions to the staff and the patients. The project was a success and we maintained the client’s schedule and budget.” Irwin H. Kizel, AIA, principal of Jarmel Kizel, led this assignment on behalf of the

firm. Within this medical setting, Jarmel Kizel made several functional considerations including sound absorbing surfaces to ensure noise control and privacy, private areas for computers to monitor patients and their medical records, hand-washing sinks, refrigerators for storing medications and locked containers for secure items, among others. Jarmel Kizel’s team also had to consider the use of glass walls to ensure patientstaff visibility, traffic flow to decrease patient flow through the nurses’ stations. ■

PHOTOS WANTED Next publication date: February 24th

The Mid Atlantic Real Estate Journal welcomes all editorial dealing with the

commercial/industrial real estate industry • • • •

Brokered transactions New services or products Projects completed or underway Expert articles

312 Market St., Rockland, MA 02370

E-Mail: editor@marejournal.com Website: www.Mid Atlanticjournal.com Call: 1-800-584-1062/781-871-5298 | Fax: 781-871-5299

Join us as we honor distinguished leaders who prepare Charter High School for Architecture + Design students to design the future!

ANNUAL GALA

CHAMPAGNE BREAKFAST The Shape of Learning

Friday, June 17, 2011

7:30 – 9:00 am

Independence Seaport Museum, Penn’s Landing 211 South Christopher Columbus Blvd. Philadelphia, PA 19106-3199 Sponsor or purchase tickets online at

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Questions? Contact Courtnay Tyus at ctyus@chadmail.us or 215-351-2900 x4421.

Parking is available at the Hyatt Regency Philadelphia at Penn’s Landing parking garage, adjacent to the Museum.

8C — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

Atlantic Real Estate Journal

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MULTIFAMILY New Jersey Apartment Association Advance & protect the welfare of the apartment industry in NJ President Jeff Smith, Kriegman & Smith

Regional VP North Jersey Brent Kohere, Home Properties

Regional VP Central William Dailey,CPM CIS Management Inc.

Regional VP South Joe Spadaccini The Kamson Corporation

VP Associate Affairs Ray Fiorica AFR Furniture Rentals

Legislation VP

Education Matters Become a Certified Success with an NAA Designation Program! Education for Maintenance: CAMT Designation Certificate for Apartment Maintenance Technician (CAMT) - Register Today! In June 2010, NAAEI’s CAMT program achieved accreditation by the American National Standards Institute (AN SI), a private non-profit organization that administers and coordinates the U.S. voluntary standardization and conformity assessment system. The CAMT program is the only apartment industry program to be accredited by ANSI. All modules for NJAA’s 2011 CAMT will be held at NJAA Headquarters in Monroe Township, unless otherwise noted. CAMT meets credentials for NAHMA’s NAHMS and NAHMT certifications. Fees: CAMT Discounted series fee: $800 Member, $1000 Non-member; CAMT Module fee: $100 Member, $150 Non-Member Visit www.njaa.com for complete details.

Electric I & II- June 8 & 9 Presented by Mike Goldberg, RestoreCore Interior & Exterior Maintenance I & II - July TBD Presented by Stan Szafranski and John Phillips, Morgan Properties 2011 UPCOMING EDUCATION SESSIONS August 16 & 17 - Fair Housing & Beyond presented by Doug Chasick, CallSource September 20-22 & October 18-20 - CAM Slam presented by Jackie Ramstedt, Ramstedt Enterprises November 10 - Interactive Multifamily Marketing - Monroe, NJ

Michael C. Haydinger First Montgomery Group, AMO

Treasurer Lynne Aber Bertram Associates

The New Jersey Apartment Association is a statewide organization of

Secretary

apartment owners, managers, builders and those involved in allied industries,

Stephen Waters

who are dedicated to maintaining and improving existing properties and

Morgan Properties

promoting and producing new and affordable apartments throughout New Jersey.

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 9C

MULTIFAMILY ThermaRid, LLC

Thermal Remediation of Bed Bugs ed bugs are a widespread, growing problem; rampant in areas that have a high turnover of residents. Hotels, apartment buildings, and nursing homes have a particularly high risk of infestation. The eradication of these bugs is costly to such institutions. The inconvenience and discomfort caused by bed bugs encourage residents to leave, resulting in vacancies and spreading. By the time a management company realizes that there are bed bugs on the premises, the infestations are typically widespread and the bed bugs are infesting more than beds; in furniture, under carpet, in walls and possibly spread to adjoining units. At this point, only the most aggressive methods will succeed. Heat treatments are an aggressive and highly effective way of eradicating the bed bug population. Some advantages to having a heat treatment performed as opposed to the traditional chemical treatment are: The thermal treatment kills every stage of the bed bug life cycle, works where chemicals fail, no toxic perfumes or residue, no preparation is needed, and typically, infested items do not need to be thrown away. While traditional pest control procedures using chemicals have been successful in eliminating general pests, tests have shown the only way to completely eradicate bed bugs is through the use of heat. Recent studies show that bed bugs around the world have developed a resistance to the chemicals used to control them. As reported by Robert Lee Holtz in The Wall Street Journal in the January 20, 2011 edition, “researchers at the University of Massachusetts in Amherst recently reported in New York City, bed bugs are now 250 times more resistant to the standard pesticide than bedbugs in Florida, due to changes in a gene controlling the resilience of the nerve cells targeted by the insecticide”. However; due to the acute sensitivity that bed bugs have to heat, we are assured that all stages of bed bugs die through the use of thermal treatment. Heat treatment is a proven, non-chemical method of killing bedbugs. All life stages (adult, larva, and eggs) die within minutes at a temperature of

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diesel generator; the heat treatment introduces temperatures between 120°F and 140°F. During the heat treatment, the rooms being treated are monitored, in real-time, with wireless sensors placed throughout to ensure lethal temperatures are reached in every area of the room and its contents. High temperature blowers are positioned to move the heated air throughout the space - through mattresses, baseboards, cracks, crevices, and all hidden surfaces. Although the process may seem costly, eradication of bed bugs

using a heat treatment can save thousands of dollars in dry cleaning bills and the cost of replacing infected items that would have been discarded during a chemical treatment. The time saved in preparation alone makes the heat treatment a superior option. Depending on room furnishings, floor surfaces, clutter and square footage, the treatment will take between 7 and 12 hours; completed in one working day. After completion, residents may return to their homes by evening – allowing the house to properly cool down.

This is a relatively painless and completely environmentally safe procedure, making it the preferred choice for property owners and managers today. With the revolutionary treatment that heat provides, you can rest assured knowing that the most successful option in eradicating bed bugs, is also the safest out there. ThermaRid, LLC specializes in the proven treatment using heat to eradicate bed bugs. ThermaRid is centrally located in Lakewood, NJ and conveniently services NY, NJ, PA and CT. ■

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10C — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

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MULTIFAMILY Joint venture with Angelo Gordon

Marcus & Millichap market outlook

The Donaldson Group acquires $20m, 599 unit apt.

Baltimore apts. positioned to outperform in 2011

basis with significant opportunities to add value through renovation and repositioning,” said Carlton Einsel, executive vice president, The Donaldson Group. “Despite its excellent location within the submarket, the property has suffered operationally as a result of mismanagement and poorly capitalized ownership.” TDG plans to start improvements immediately, beginning with a full renovation of the 77 units that are unoccupiable due to fire and other damage. TDG also will renovate

additional unit interiors, providing new upscale kitchens, flooring, lighting, carpeting, doors, fixtures and upgraded bathrooms. The exterior building facades will be improved with new siding as well as new decorative cornice molding and shutter treatments. TDG will upgrade hallways and stairwells, provide a new fitness center and business center, upgrade laundry rooms, repair and replace roofs, fix broken concrete and asphalt, and improve landscaping throughout the community. ■

NJBA names Roseland’s 40 Park Community of the Year MORRISTOWN, NJ — Roseland Property Company took center stage at the 2011 Sales and Marketing (SAM) Awards held recently in Atlantic City, sponsored by the New Jersey Builder’s Association. Roseland’s condominium building, 40 Park in Morristown, was named “Community of the Year,” capping off a thrilling night in which Roseland won an amazing 16 awards for its communities in Morristown. 40 Park garnered 13 of those awards as it virtually swept through the competition at the 24th Annual SAM Awards, which annually recognizes excellence in residential design and marketing and sales programs within New Jersey. The 76-home condominium building overlooking the Morristown Green added to its impressive list of accolades, which includes two prestigious national awards from the National Association of Homebuilders: The 2010 Pillars of Industry award for “Best Mid-Rise Condominium” and the Best in American Living Platinum Award for “High-Rise Multi-Family Buildings Six

40 Park in Morristown Stories and Over.” joint-venture partners, RoseThe Metropolitan at 40 Park, land Property Company and a 130-unit rental building Woodmont Properties. overlooking a public piazza, The award-winning night won three SAM awards. John underscores Roseland’s comDickinson was named Project mitment to excellence and to Superintendent of the Year downtown Morristown, where for his work on the Epstein’s Roseland/Woodmont has inredevelopment project, which vested more than $300 million incorporated both 40 Park and in historic renovations, redeMetropolitan at 40 Park. Both velopment and new construcbuildings were developed by tion.■

Metro Area United States

Year-over-Year Change

2% 0% -2% -4%

07

08

09

10

11*

* Forecast Sources: Marcus & Millichap Research Services, BLS, Economy.com

Construction Trends Apartment Completions Multifamily Permits

Number of Units (thousands)

4 3 2 1 0

07

08

09

10

11*

* Forecast Sources: Marcus & Millichap Research Services, U.S. Census Bureau

Asking Rent and Vacancy Trends Asking Rent Vacancy Rate

8%

7%

6%

6%

4%

5%

2%

4%

0%

07

08

09

10

11*

Average Vacancy Rate

The Donaldson Group will improve building facades at Regency Pointe with new siding, decorative molding, and shutters.

Employment Trends 4%

Asking Rent (Y-O-Y Change)

F

ORESTVILLE, MD — The Donaldson Group (TDG) and its equity partner, Angelo, Gordon & Company (AG), have acquired Regency Pointe, a 599-unit apartment community in Forestville, MD for $20 million. The partnership plans to invest an additional $16 million to renovate this community, located on 24.6 acres just inside the Washington Beltway and three miles from the District of Columbia line, with excellent frontage on Pennsylvania Avenue. In June of 2010, the partnership acquired a defaulted $32 million senior loan on the property from Wells Fargo, and proceeded to foreclose on the owner, MPI Cambridge, which had been in bankruptcy since mid-2009. TDG/AG agreed to sell the property to another party at an August 2010 foreclosure auction, but that sale ultimately did not close. Following a period of litigation, the TDG/AG partnership has finalized its acquisition of the Regency Pointe property. “We view Regency Pointe as an excellent opportunity to acquire a well-located apartment community in a strong rental market at a historically low

The Baltimore apartment market outperformed through the downturn, recording below-average vacancy rates and minimal rent reductions, and the metro stands to post another year of healthy performance in 2011. Job creation should resume this year, and the prime renter age cohort will grow at twice the rate of the overall population. Developers are ramping up efforts to capitalize on these trends and direct job creation stemming from BRAC relocations to the area, with the pipeline of planned/proposed apartment projects now in excess of 6,800 units. Only a handful of these complexes currently list anticipated start dates, but a growing number will follow as apartment fundamentals improve and constraints on construction financing ease over the coming year. Through 2011 and at least part of 2012, however, local property owners will benefit from a lull in completions, which will help push vacancy rates to levels last achieved in 2006. This will encourage healthy levels of rent growth metro wide and further reductions in concessions, particularly in areas like Annapolis/Crofton and Parkville/Carney/White Marsh, which have already posted significant improvements over the past year. Transaction velocity will accelerate in 2011 as fundamentals continue to firm and debt availability increases. In 2010, investment activity remained relatively flat when compared to the previous year, but there was a notable shift in the type of assets that changed hands. Deals typically involved smaller Class B/C properties priced at less than $1.5 million or large high-quality assets in strong locations; activity in the middle tiers was largely nonexistent. The increase in $20 million-plus transactions can be attributed to the return of REITs and institutions, a trend likely to continue over the near term as major investors position themselves ahead of favorable demographic trends and the next major up-cycle in rents. Nonetheless, sales involving performing mid-tier assets will pick up in 2011 as competition for top-quality deals remains strong and cap rates continue to retreat. Construction: Developers will deliver 850 apartments to the Baltimore market in

3%

* Forecast Sources: Marcus & Millichap Research Services, Reis

2011, down from more than 1,300 units last year. Approximately two-thirds of this year’s new supply will come online in the Columbia/ Howard County submarket, which currently boasts the tightest conditions in the metro. Vacancy: Baltimore’s apartment vacancy rate will slip 50 basis points this year to 4.5 percent, the lowest level since late 2006. During 2010, vacancy declined 100 basis points as apartment demand roared back in the metro. Sales Trends • Sales velocity increased modestly last year but remained 73 percent below the peak levels achieved in 2006. The most signifi cant acceleration in activity during 2010 was recorded in the $20 million-plus segment, as REITs and institutions moved off the sidelines. • The median price increased 2 percent in 2010 to $83,400 per unit. Cap rates average 6.5 percent, with the most sought-after deals trading around 5.5 percent and older class C assets changing hands at more than 9 percent. • Outlook: Robust demand for top-tier assets will support further price appreciation and cap rate compression in 2011, pushing more investors to consider class B properties in strong locations. In 2010, activity involving performing mid-tier assets nearly came to a standstill. ■

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Mid Atlantic Real Estate Journal — Contractors, Owners & Managers — May 27 - June 9, 2011 — 11C

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12C — May 27 - June 9, 2011 — Contractors, Owners & Managers — Mid

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tŚĂƚ ŚĂƐ LJŽƵƌ ĐŽŶƐƵůƚĂŶƚ ĚŽŶĞ ĨŽƌ LJŽƵ ůĂƚĞůLJ͍ ƚ >ĂŶĚŵĂƌŬ: D͕ ǁĞ ƌĞƉƌĞƐĞŶƚ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ĂŶĚ ŽƵƌ ŝŶĚƵƐƚƌLJ ĞǀĞƌLJ ĚĂLJ͘ ƚ ƚŚĞ ŶĂƟŽŶĂů ůĞǀĞů ŽƵƌ ĞŶǀŝƌŽŶŵĞŶƚĂů ƐĐŝĞŶƟƐƚƐ ƐĞƌǀĞ ŽŶ ŶǀŝƌŽŶŵĞŶƚĂů /ƐƐƵĞƐ ĂŶĚ 'ƌĞĞŶ ƵŝůĚŝŶŐ ^ƚĂŶĚĂƌĚƐ dĂƐŬ &ŽƌĐĞ ĐŽŵŵŝƩĞĞƐ͕ ĂŶĚ Ăƚ ƚŚĞ ƐƚĂƚĞ ůĞǀĞů͕ ŽƵƌ ĞŶŐŝŶĞĞƌƐ ƐĞƌǀĞ ŽŶ ^ĞĂ >ĞǀĞů ZŝƐĞ ĂŶĚ ŚĞƐĂƉĞĂŬĞ ĂLJ dD > ĐŽŵŵŝƩĞĞƐ͘

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — Section D

Mid Atlantic REAL ESTATE JOURNAL ANNUAL SPOTLIGHT

Triumph Industrial Park: Building 205 Cecil County, Maryland • +/- 20,000 SF lab / clean room for lease • Heavy power, high-tech improvements

bal Reach

Contact: Neil Kilian, CCIM neilkilian@emoryhill.com 65 Lukens Drive, New Castle, Delaware 324,132 SF Total warehouse and 

• +/- 41,429 SF office • 2 loading docks, 1 drive in Food Grade • For sale or lease 

Contact: Jim O’Hara, Jr. jimohara@emoryhill.com

144,000 SF set up for Manufacturing

INDUSTRIAL REAL ESTATE 22 Blevins Drive, New Castle, Delaware & • +/- 18,120 SF available • Warehouse, and production area DISTRIBUTION Coffice ENTERS 

180,000 SF set up for Warehouse

51 Dock Positions

• For lease

 Strategically located at the Route 61 and Contact: Connor Route 222 Intersection providingEdd great

834’

Divisible/ Sale or Lease

D Inside Cover — May 27 - June 9, 2011 — Industrial / Distribution Centers — Mid

Atlantic Real Estate Journal

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — D

Industrial Real Estate & Distribution Centers By Jim Cummings, Mericle Commercial Real Estate Services

Mericle developing pads, spec buildings, in anticipation of next economic wave

T

he I-81 Corridor in Northeastern Pennsylvania has weathered the economic storm and is getting ready for the next wave of business activity. Despite the recession and resulting slowing deal Jim Cummings flow, the Scranton/WilkesBarre/Hazleton area continues to emerge as a major industrial market in the Mid-Atlantic region.

CenterPoint Commerce & Trade Park West

As of May, 2011, the market has grown to more than 72.5 million s/f of Class A and B bulk industrial space with close to 32 million s/f of bulk industrial space having been absorbed since 2000. Since just January of 2007, close to 14 million s/f has been built and occupied. In that time, 28 local industrial leases and sales of at least 150,000 s/f were completed. The region’s growth as an industrial market has been led by Mericle Commercial Real Estate Services, the largest private developer in Northeastern Pennsylvania. Since its found-

ing in Wilkes-Barre in 1986, Mericle has developed more than 16 million s/f of industrial, flex, and office space – most of it on speculation - in 15 local business parks. Mericle has provided new space to 40 companies over the past 30 months. These companies are occupying more than 3 million s/f and are creating and retaining more than 3,000 jobs with a combined annual payroll of more than $100 million. Among these 40 companies are Amazon.com, The Home Depot, Corning Life Sciences, Benco Dental, United Sporting Companies, J.P. Boden, FedEx Ground, Patterson Dental and Henry Schein. Mericle’s leasing team reports a noticeable increase in recent space inquiries, especially from brokers representing big box users and from companies needing flex and office space. Mericle is taking steps to ensure that the area has sites and buildings ready to keep up with this growing demand. Through its Shovel Ready Program, Mericle is preparing building pads on 23 sites on 309 acres in CenterPoint Commerce & Trade Park East and West near Pittston and the Corporate Center at East Mountain near Wilkes-Barre. For most of the parcels, Mericle has obtained NPDES permits and full subdivision, land development, and utility approvals. In many cases, all grading, including the placement of compacted stone sub-base in building and pavement areas has been completed and the parcels are ready for foundation construction. Mericle will construct approximately 2.78 million s/f of industrial, flex, office, and retail space on these sites, most of it on speculation. Based upon its 25-year development history, Mericle projects that these new buildings will house approximately 3,200 jobs. Steel will arrive in mid-May for a 108,800 s/f flex building Mericle is constructing on speculation in CenterPoint Commerce & Trade Park West. Since 2006, 18 buildings totaling approximately 5.3 million s/f have been developed by Mericle in CenterPoint. Park vacancy is very low and Mericle wants to make sure it has an adequate amount of space available for new tenants. continued on page 12D

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Industrial Real Estate & Distribution Centers By Edmund P. Klimek, AIA, KSS Architects

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New industrial development remains a vital part of the Mid-Atlantic economy

evelopment and the industries it supports remain a vital part of the Mid-Atlantic economy. More recently, it has progressed from generic buildings on the remote edges of communities to Edmund Klimek high performing, sustainable industrial and commercial centers that are integral to the urban fabric. An increasing number of incentives has

helped impel the transformation. Recent examples of new industrial development include the Somerset Tire Service (STS) Distribution Center in Bridgewater, N.J., and The Coca-Cola Company Distribution Center in South Brunswick, N.J., designed by KSS Architects. These projects exemplify high-performance and sustainable developments. Specifically tailored to meet the end users’ business objectives and reflect corporate values, they were both welcomed and even celebrated by the

communities in which they are located. Founded in 1958, STS has long been a part of the Bridgewater Township community. Now the largest independent tire and automotive service company in the Mid-Atlantic, STS needed to expand its corporate campus. However, the remaining open land on its campus was contaminated from the previous occupant, Sherwin-Williams. STS elected to remain at its existing site, continuing its legacy in the community, and the project team integrated the new dis-

tribution center into the land’s continued remediation—a great example of sustainable industrial land planning. Beyond land use, the STS distribution center featured high-performance building systems inside and outside. It stored tires using the very latest in fire protection and building code approaches advanced by Factory Mutual methods. By carefully researching and designing these systems, we configured the facility to store its main product—tires—higher, increasing inventory by about 20 percent within the

same building footprint. The facility’s adjacency to STS’ corporate headquarters made it a very convenient place for worker training and for strengthening its branding for users and the public. The real story for STS, however, was its innovative and sustainable approach to energy use. Its well-insulated building skin, lighting control systems, and extensive windows all contribute to reducing STS’ energy use. On top of these measures, a 1.2 MW photovoltaic array integrally designed with the roofing system provided energy to the distribution center and, using a feed to the existing office building, became a source of energy for the whole campus. With Federal and State incentives, this better-than-net-zero project has a projected payback of less than five years! The local community supported and celebrated the accomplishments achieved by the STS industrial development. Bridgewater Township Mayor Patricia Flannery nominated the project successfully for New Jersey Business and Industry Association’s 2011 New Good Neighbor Award. In another celebration of an industrial development, South Brunswick Mayor Frank Gambatese and New Jersey Gov. Chris Christie continued on page 5D

Industrial R.E. & Distribution Ctrs. a section of the

MARE Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

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Publisher/CEO Linda Christman

lchristman@marejournal.com

Publisher Dianna Mallozzi dmallozzi@marejournal.com Publisher Elaine Fanning efanning@marejournal.com Section Editor Lindsay Hurley

lhurley@marejournal.com

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — D

Industrial Real Estate & Distribution Centers By Louis V. Oliva, CCIM, SIOR , Grubb & Ellis Company

Western PA warehouse/ distribution market at a crossroads?

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he new millennium started a ten year period of consistent market driven speculative and build to suit construction of class A warehouse/ distribution product throughout Louis Oliva the Pittsburgh market. While the user profile remained local in nature and dominated by 50,000100,000 s/f users with the occasional 200,000 s/f build to suit and 400,000 s/f multi-tenant project, recent events have put the future of this user group in question. Bay Valley Foods closed its 540,000 s/f warehouse in March; Roomful Express declared bankruptcy and is closing it 480,000 s/f warehouse in May; and Sony vacated its 2,100,000 s/f manufacturing facility last October. These three decisions will have an impact on current and future market conditions and the time required for their eventual absorption will be watched closely by the real estate development and financing community. While Pittsburgh outperformed national economic indicators including unemployment and job growth throughout the recession, our total industrial market has seen vacancy increase from 8% to 11% in the past 24 months with a significant increase in the past two quarters. Warehouse/Distribution vacancy has increased to a ten year high of 12% of inventory. The good news is total available class A inventory remains a very manageable 2.26M s/f of which 1.4M s/f is categorized as warehouse/distribution product. These amounts are a paltry 2% and 1.2% of total market size respectively. Construction activity has been very minimal the past two years resulting in fairly stable lease rates. However, these three large vacancies will have an impact on new construction as well as lease rates for larger tenants. Much of the growth in Westmoreland County was attributed to the success of Sony over the past 15 years. Significant investments in infrastructure including industrial parks throughout Westmoreland

County has resulted in an oversupply of development sites. The ability to subdivide the Sony plant or to attract larger users to that unique facility will be the primary indicator of the growth and stability of that submarket. The Bay Valley Foods departure is actually creating an opportunity in a very mature Northeast Allegheny County submarket which is totally bereft of industrial development sites as a result of the Pitt Ohio acquisition of a 50 acre site that was deemed to be retail but finally succumbed to mar-

ket realities as an industrial site. The impressive list of both privately held and publicly held companies residing in the Allegheny Valley corridor will face challenges for growth and expansion in that corridor and will be forced to consider other submarkets. Similarly, the Roomful Express bankruptcy is creating an opportunity in the growth oriented West Allegheny County submarket which has seen the largest amount of new construction the past five years. This class B building will provide inventory at a lower price

AvAilAble for leAse 405 Keystone Drive Cranberry Township buTler CounTy, pa

point than new construction and its absorption will have an impact on the near term future of speculative construction. The West Submarket provides the best opportunity for users in excess of 200,000 s/f with numerous pad ready sites. Despite losses in overall manufacturing employment, Pittsburgh still has a significant manufacturing base with both job growth and industrial development growth in the value added medical and energy sectors. The well documented job growth in the industries serving the high growth gas

exploration in the Marcellus Shale should continue for years to come. We are optimistic that the supply chain serving the drillers will have a significant impact on both absorption of existing inventory as well as overall growth and new construction. The sector may be at a crossroads as the traditional consumer products distribution and third party logistics users have declined significantly in the past decade. While new construction has increased overall warehouse inventory continued on page 12D

n Building Area of 148,000 sF (includes 8,000 SF offices) n Land Area of 17 acres n immediate access to i-76; i-79; rt 19 and rt 228 n 26’ clear height n esFr sprinkler n 124 trailer parking spots n immediate availability

for leAse turnpiKe DistriBution Center 1750 shenango road new galilee, pa

n 410,000 sF total n 120,000 sF immediately available n situated on 40 acres n 32’ clear height n esFr sprinkler n immediate access to i-76; i-376 and rt 351 n 30 miles northwest of pittsburgh; 10 miles east of ohio border n 19 miles west of i-79; 26 miles south of i-80

For more information please contact: louis v. oliva, sior Senior Vice President 412.434.1053 louis.oliva@grubb-ellis.com

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Industrial Real Estate & Distribution Centers By Jeffrey J. Milanaik, Heller Industrial Parks, Inc.

The customer is the center of the Heller Universe

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o you walk away from your children after you are sure they are fed and dressed? Of course you don’t. You provide them with everything you have to offer them as a parent and Jeffrey Milanaik every opportunity to give them an edge. Why not treat your customers with that same care and consideration? A developer’s commitment

to a client doesn’t end when all the contracts are signed and the keys change hands. In fact, in some ways that’s just the beginning. Is there anything you can offer your customer to reduce their costs, improve operating efficiency or use their space more efficiently? What do you hear in conversation where you might have the opportunity to provide assistance? Act quickly and honestly and make yourself and your assets fully available to them. Anticipating Future Needs Reaching out to customers

is so much more than making sure their needs are satisfied. We listen to our customers to assess both their current and future needs. The best way to sell is to really listen to what the buyer is saying. Identify his concerns and then remove the obstacle. For example, a client in Houston occupies a special storage facility that is split into three sections: an H2 hazardous storage room; a temperature controlled area; and a general storage section. Along with their renewal, they wanted Heller to take on half

the financial responsibility for roof maintenance and repairs. Instead, we volunteered to pick up the entire cost. During our conversation, we asked them if they would be more profitable if they could handle more flammables. It turned out that they had been turning down opportunities due to space limitations. We are now beginning the process of converting part of the general commodity space to H2 storage. If we wrap the improvements into a longer lease term, it’s a win all around. Many times customers have

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needs they’re not aware of until we present them with opportunities. For instance, when we noticed that requirements for ceiling heights kept increasing, we anticipated this need would continue and began to construct buildings with greater ceiling heights to accommodate that projected need. A recent innovation is our solar division, HIP Solar. We construct, finance and operate solar photovoltaic systems on the rooftops of our warehouses to help customers reduce their energy costs and their carbon footprint. We have also committed over $200 million to solar power generation, which will save our customers an additional 20% on their electric energy costs. In addition, HIP Energy Service has retrofit over 6 million s/f of our New Jersey properties with energyefficient fluorescent lighting fixtures that are lowering our tenants’ energy use between 50% and 70% annually. In response to consumer demand, our 8.7-million s/f Heller Industrial Parks – Edison was designated a fully certified United States Foreign Trade Zone (FTZ) in 2009 and is capable of providing millions of dollars in tax savings for those engaged in international trade. We estimate the total savings for customers will be in excess of $1.6 million annually. Educate Yourself The only way to improve your company’s leasing activity and keep existing customers happy, is through education. Knowing your local market conditions and what your competitors are doing is a golden rule. Applying what you know about your client’s business to what you can offer him given the local market conditions as well as understanding the outside factors for both your industry and theirs is platinum. Listen and learn, then listen some more. You can read all you want in trade magazines, but when you have a conversation with a client about factors directly affecting his business, you walk a mile in his shoes. Express a genuine and serious interest in the business and get involved. Become a proponent and you are a silent partner behind their success. The key to keeping customer’s – we prefer not to use the term tenants – happy and continued on page 5D

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — 5D

IndustrIal real estate & dIstrIbutIon Centers Portfolio of 2 of the region’s business and industrial parks

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he landscape in the region’s business parks is constantly changing. Developers continue to construct speculative buildings and lots that were once vacant land now house Penny Cannella industrial and office buildings. These changes are relevant to site selectors, real estate brokers and developers when striving to recruit companies to the region and ensuring that this information is available

Penn’s Northeast updates business park maps is a key role Penn’s Northeast plays. In order to make certain that prospects have the information they need at their fingertips, Penn’s Northeast recently updated a map portfolio of 28 of the region’s business and industrial parks. These maps are available in both print and electronic format. The complete map portfolio is a unified regional presentation of the numerous options and opportunities available in Lackawanna, Luzerne, Monroe and Wayne counties. Since 2004, Penn’s Northeast

vides the perfect setting for companies providing a skilled workforce, a prime east coast location and a cost of doing business that is highly competitive with neighboring states, said Penn’s Northeast president Penny Cannella. “There has been tremendous interest in northeast Pennsylvania during the last few years and it will continue into 2012 and beyond.” The business park map portfolio is just one of the tools Penn’s Northeast uses to market the region. An online database of available sites

and buildings can also be accessed on the Penn’s Northeast website. Penn’s Northeast is a regional economic development marketing organization that serves Lackawanna, Luzerne, Monroe and Wayne counties. Its mission is to facilitate investment of capital and the creation and retention of quality jobs in northeastern Pennsylvania. Downloadable .pdf files of the business park maps are available by going to www. pennsnortheast.com and then clicking on downloads. n

Northeast Pennsylvania Where Great Roads and Great Minds Meet

New industrial development . . .

continued from page 2D helped break ground for The Coca-Cola Company’s high performing/sustainable distribution center. Striving to become the company’s first East Cost facility to achieve LEED certification, the distribution center incorporates a combination of innovative daylighting technologies: light tubes, fixtures connected to integrated light sensors, and clerestory windows. We believe the distribution center portion of the facility may even be able to operate during the daytime without the use of artificial lighting. We tailored the distribution center to meet Coca-Cola’s needs and reflect its corporate identity. Like the STS project, this new development represents the new “industrial”: well considered, high performing, sustainable projects that support larger corporate business goals and strategies. Edmund P. Klimek, AIA, is a partner at KSS Architects in Philadelphia and Princeton, NJ. n

has annually published maps of a significant representation of the region’s business parks and bound them as a handy portfolio reference guide to northeast Pennsylvania. In an effort to be a little “greener”, this year’s maps were distributed in electronic format only. Bound hard copies are available upon request. The maps are distributed to targeted site selectors, real estate brokers, developers and the Governor’s Action Team. “Businesses, both large and small, are recognizing that northeast Pennsylvania pro-

200 150 100

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The customer is the center of the . . . continued from page E vacancies low in such an uncertain economic environment is common-sense customer service. And despite last year’s challenging marketplace, that customer-centric approach helped Heller sign over 5.3 million s/f of deals and achieve a 97.5 percent occupancy rate throughout our portfolio. Jeffrey J. Milanaik is president, of Heller Industrial Parks, Inc. n

We have what you are looking for and we will help you find it! • 5 Major Interstate Highways and 16 Colleges and Universities • A strategic east coast location, 2 hours from New York and Philadelphia • 96 million people live within a 500-mile radius Great_roads_great_minds_8x8.25_ BandW.indd 1

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pennsnortheast.com 1/19/2011 3:54:02 PM

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Industrial Real Estate & Distribution Centers Seeks additional acquisitions and development opportunities

Griffin Land commences development at Lehigh Valley Tradeport in Bethlehem, PA

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riffin Land, the real estate division of Griffin Land & Nurseries, Inc. is commencing development on its 51 acre site on Fritch Dr. in Bethlehem, PA. Griffin Land entered the Pennsylvania market in 2010 with the purchase of two properties in the Lehigh Valley, a 120,000 s/ f warehouse in Allentown and a “shovel-ready� parcel of land for development on Fritch Dr., named the Lehigh Valley Tradeport industrial park. At Lehigh Valley Tradeport, Griffin Land plans to develop two warehouse buildings totaling

531,000 s/f. Griffin Land sees this development as part of its long term strategy to increase its ownership, development and management of properties in in the Lehigh Valley and other Northeast and Middle Atlantic regions. Lehigh Valley Tradeport The Lehigh Valley Tradeport is a rail served industrial park located off Brodhead Rd., minutes from Rte. 22 and key Lehigh Valley roadways including I-78, I-476 and Rte. 33. The Brodhead Rd. area is home to over 6 million s/f of industrial space and includes tenants

such as Kraft Foods, OSRAM Sylvania, Americold, Crayola, Walgreen’s and FedEx. The park will consist of two warehouse facilities of 303,000 and 228,000 s/f, respectively. Michael Gamzon, executive vice president and chief operating officer for Griffin said, “We expect to have the pads ready by the end of the summer and are considering starting speculative construction on a warehouse building in the fall. Additionally, we continue to seek build-to-suit opportunities for either building.� According to Sean Bleiler, senior

associate for CB Richard Ellis, “The Lehigh Valley market has experienced strong absorption trends over the last few quarters and we believe there will be healthy demand for modern warehouse space.� “Griffin Land has a long history of developing buildings both on speculation and for client build-to-suits,� said Tim Lescalleet, senior vice president for Griffin Land. “We intend to bring our expertise in delivering a quality product as well as our reputation for client service, to the industrial users in the Lehigh Valley.�

Lehigh Valley Industrial Opportunities 51-Acre Shovel Ready Industrial Park For Lease or Build-to-Suit

One of Griffin’s core holdings is the New England Tradeport, a 600 acre industrial business park located off I-91 north of Hartford, Connecticut. In addition to speculative construction at this park, Griffin recently completed a 300,000 s/f build-to-suit for The Tire Rack, Inc. Acquisition Strategy Griffin also seeks additional acquisition and development opportunities in the area. “We view the Lehigh Valley Tradeport, along with our warehouse on Nestle Way in Allentown as the first steps in a long term strategy to expand into markets outside of our core holdings in Connecticut. We seek acquisition opportunities of industrial real estate assets in the Northeast and Middle Atlantic States,� said Gamzon. Griffin’s objective is to remain a long-term owner, developer and manager in the markets in which it enters, with a focus on acquiring a balance of value added and stabilized, modern industrial properties and land for development. Griffin Land is the real estate division of Griffin Land & Nurseries, Inc. n

CBRE states NJ’s industrial market shows positive signs

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Bill Wolf T 610.398.7175 F 610.398.7815 bill.wolf@cbre.com www.cbre.com/bill.wolf Licensed: PA

CommenCing ConstruCtion! Sean Bleiler T 610.398.3409 F 610.398.7815 sean.bleiler@cbre.com www.cbre.com/sean.bleiler Licensed: PA

SADDLE BROOK, NJ — It’s becoming increasingly evident that a corner has been turned in a positive direction and the outlook is progressively more optimistic for the New Jersey industrial market, according to findings in CB Richard Ellis’ First Quarter 2011 New Jersey Industrial MarketView Report. New highs experienced in leasing velocity and sales activity bode well for the rest of the year. “We are encouraged by the second consecutive quarter of improved overall market performance across the New Jersey industrial market,� said Mindy Lissner, executive VP for CBRE. “Historically, New Jersey has been a state with a strong industrial market and, after conducting careful research and analysis of current fundamentals in place, we remain confident that the market is poised for a remarkable resurgence in 2011.� n

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — NAI Global Spotlight — May 27 - June 9, 2011 — D

NAI Global Launches Suite of Green/Sustainability Services

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NAI Global: The premier network of independent commercial real estate firms

AI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global Jeffrey Finn manages a n e t w o r k o f President & CEO 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with our global management team to help our clients strategically optimize their real estate assets. NAI offices around the world completed over $45 billion in transactions annually. We also manage over 200 million square feet of commercial space. In 2009-2010 NAI Global received top industry rankings and honors: • Named Global Broker of the Year by Private Equity Real Estate magazine • Ranked # 1 Network and #3 Overall Corporate Services Provider in Watkins Research Group Survey of Corporate Real Estate Executives • Ranked #4 on Lipsey’s Top 25 Real Estate Brands • Ranked #6 on National Real Estate Investor magazine’s Top 25 Brokerage Organizations NAI Global is based in Princeton, New Jersey. A dedicated 70-person staff, strategically

NAI Global currently provides the following services: Corporate Services Disposition Financial / Investment Leasing/Agency Property Management Tenant Representation Valuation and Advisory Value-Added Services positioned around the world, provides management, technology, marketing and corporate services support to its network of real estate offices. NAI Global professionals provide a full spectrum of services available to regional, national and international clients via our global network of independent commercial real estate brokerage companies. You’ll have a primary point of contact, who will leverage all our enterprise resources wherever you need them around the world. And our

leading-edge technology will support all your global moves, from streamlining a business unit, to extracting value from your portfolio, to more efficient management of your projects and leases worldwide. NAI Global professionals take the broad view of your portfolio, and have a powerful range of tools at their disposal to participate in strategy, tactics and execution. These include crossfunctional and departmental reviews, Sarbanes-Oxley Compliance, best practices, site

selection, financial analysis, Six Sigma training, as well as portfolio and project audits and evaluations. PRINCETON, NJ — NAI Global is launching NAI Global Sustainability Solutions. This new business unit provides a comprehensive suite of “green” services for corporate clients and property owners delivered by some of the most experienced “green” experts worldwide. NAI Global Sustainability Solutions provides energy & sustainability services to property owners and users worldwide through NAI staff and a strategic alliance with GreenPoint Partners. NAI Global also is working with Environmental Resources Management (ERM), a leading global provider of environmental, health and safety, risk and social consulting services. The new unit is led by Fred Tuck, NAI Global’s head of Project Management. “Sustainability Solutions is an important addition to our global service offering,” said NAI Global president & CEO Jeffrey Finn. “This initiative provides a unique opportunity to help our clients save money and demonstrate corporate social responsibility.” NAI Global Sustainability Solutions provides a broad array of services to commercial real estate clients throughout North America through a strategic alliance with GreenPoint

Partners. Working together with local NAI offices in North America, GreenPoint helps clients achieve profitable sustainability by delivering energy audits, solar and wind renewable energy, efficiency retrofits and LEED certification. “We are thrilled to work with NAI Global,” said GreenPoint CEO Dustin Gellman. “With NAI’s powerful network and broad global footprint, we can deliver increased value to thousands of clients that occupy hundreds of millions of s/f.” NAI Global is also working with ERM, which provides environmental due diligence, site investigation and remediation services to NAI clients worldwide as part of its core Sustainability Solutions offering. With 130 offices in 40 countries and approximately 3,600 staff, ERM helps business and government clients understand and manage their impacts on the world around them. “Through our relationship with ERM we are able to deliver a global “turnkey” real estate solution to our clients, which enables them to optimize their physical assets while at the same time meet their corporate social responsibility objectives” said Paul Danks, NAI Global’s senior vice president-corporate solutions with responsibility for the management of the relationship with ERM. n

Inside: Steve Willems NAI Keystone Commercial & Industrial, LLC.........................................................................................8D By Edd Connor NAI Emory Hill....................................................................................................................................................9D NAI PEOple on the Move................................................................................................................................10D NAI Dileo-bram.................................................................................................................................................11D

ments, other factors are: If a start-up company  Access to financing is D — May 27 - June 9, 2011 — Industrial / Distribution Centers — NAI Global Spotlight — Mid Atlantic Real Estate Journal MAREjournal.com paramount  Supporting technical expertise  Access to laboratory services and/or other outsourced support sectors

NAI Keystone

By Steve Willems, NAI Keystone Commercial &you Industrial, LLC Before move...

Good food is always welcome in Berks County

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ny successful event held in Berks County typically has food as a centerpiece. What can I say, we love to eat! We also love the fact that many world class food products are made here. Steve Willems From the confectionary manufacturers to the snack food industry to meats and vegetables, our area is strong in food production and food sciences.

I would ask why are these industries here and what makes them productive and profitable? Market demand and proximity to markets are a given. Over 100 million people live within overnight delivery of Berks. Access to quality utility and workforce infrastructure systems are key. Berk’s Workforce Investment Board (WIB) is a superior asset. Many of our sewer treatment facilities are geared to handle the substantial loading a food requirement generates. The presence & proximity to upstream and downstream

Local Knowledge, Global Reach

supply chain partners is also important to our Berks users. Our five Universities & Colleges along with the technical schools expertly educate our future employees. Berks County has 215,000 acres dedicated to farming too. This means local products are available in many sectors.

Before you move... A successful food production or processing company will consider many items in the site selection and location process. Beyond the mandatory water, sewer, electric and gas requirements, other factors are: If a start-up company  Access to financing is paramount  Supporting technical expertise  Access to laboratory services and/or other outsourced support sectors

A successful food production or processing company will consider many items in the site selection and location process. Beyond the mandatory water, sewer, electric and gas requirements, other factors are: If a start-up company  Access to financing is paramount  Supporting technical expertise  Access to laboratory services and/or other outsourced support sectors For a Private Labeler or lower cost user  Manageable fixed costs including taxes and utilities  Favorable business incentives from GAT to local, LERTA, etc.  Low recurring costs once set up  Access to trained labor pool

For the Innovator  Access to other food technology players  Diverse and supportive environment, rich with For a Private Labeler or lower culture welcoming global cost user talent  324,132 SF  Manageable fixed costs  Business Totalfriendly including taxes and utilities environment, from local zoning to State regulations  Favorable business Food Gradeand incentives from GAT to   Access to colleges local, LERTA, etc. Berks Countyuniversities Food as well as trade schools  144,000 SF the food  Low recurring costs once set Processors / that support Industry up set up for

Producers Manufacturing Access to trained labor pool For the Quality driven DFA / Dairy Bachman TheBeing able to plug into a For the Innovator Farmers of Company local workforce that  180,000 SF  Access to other America food exemplifies values set up for and a technology players strong work ethic Godiva Dieffenbach’s Warehouse  Diverse and supportive Chips Emphasis on Workforce environment, rich with Development Programs culture welcoming global  51 Dock Access to colleges and talent SunRich Fresh Clover Farms Positions universities as well as trade Foods Dairy  Business friendly schools that support the food environment, from local  industry Divisible/ to State regulations Strategically located at zoning the Route 61 and Giorgio Foods Betty’s Saladsof / a Lease Presence quality support Sale or Route 222 Intersection providing great  Access to colleges and Vansystem Bennett for high Terms tech universities well as trade connections to all major truckasroutes Foods machinery & equipment. schools thatto support and the I-78 / 81 Corridor the the food Industry Northeast Sweet Street Tom Sturgis For the Quality driven Desserts Pretzel information or to arrange a tour  For Beingmore able to plug into a local workforce that Quaker CONTACT USaMaid AT: Unique Pretzels exemplifies values and Meats strong work ethic 610 779 1400  Emphasis on Workforce Berks Foods / PepsiCo www.NAIKeystone.com Development Programs Berks Packing Co.and  Access to colleges universities as well as trade schools that support theFarms food Clover Five+ Candy industry For all your commercial Dairy Packers real estate needs  Presence of a quality support The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. system for high tech R.M. Palmer Dietrich’s machinery & equipment. Co. Specialty Meats 

one companyone source…

For a Private Labeler or lower cost user  Manageable fixed costs including taxes and utilities  Favorable business incentives from GAT to local, LERTA, etc.  Low recurring costs once set up  Access to trained labor pool For the Innovator  Access to other food technology players  Diverse and supportive environment, rich with culture welcoming global talent  Business friendly environment, from local zoning to State regulations  Access to colleges and universities as well as trade schools that support the food Industry For the Quality driven  Being able to plug into a local workforce that exemplifies values and a strong work ethic  Emphasis on Workforce Development Programs  Access to colleges and universities as well as trade schools that support the food industry  Presence of a quality support system for high tech machinery & equipment.

Supporting Industries Cryovac / Sealed Air

Packaging

Reading Bakery Systems

World class Bakery Systems

FM Browns

Flour, AG feed & other products

Topos Mondial

International Dealer in Bakery Equipment

Tray Pak

Food Packaging

Alpha Packaging

Packaging

Interstate Container Corp.

Packaging

PCA

Packaging

a site for MJWhen Reiderconsidering Testing Lab food production or processing, Associates Berks County should rise to Logistics Many direct the top of/ your list. Weand would Distribu- you3PL welcome to Warehouse join the many tion class companies services available world already taking advantage the posifor dry, of refrigerated tive business orclimate. frozen products Steve Willems, principal, NAI Keystone Commercial & Industrial, LLC. n

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Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — NAI Global Spotlight — May 27 - June 9, 2011 — 9D

naI emory HIll By Edd Connor, NAI Emory Hill

U

nlike the collapse suffered in other parts of the country, Delaware’s industrial market stopped short of drastic decline during the recession. In fact, transaction Edd Connor activity indicates a strong return in the State’s industrial market. What we are seeing could be considered a return to pre-recession activity that is more robust than in the office or retail markets. While activity decreased in 2008 from the previous year, lease rates remained relatively stable, with many landlords opting to work closely with existing tenants impacted negatively by the economy. As landlords offered concessions and lowered lease rates by an average of nearly a dollar per square foot in 2009, absorption began to increase. 2010 brought an increase in activity. Within our firm, the difference between 2010 and 2009 was an additional 196,000 square feet of leased space. At the end of Q1 2011, vacancy remained below 10%, better than most of the Philadelphia MSA and better than the national average. Only a few new industrial properties and parks are on the market but several high-profile parks remain unbuilt. Levels Business Park, located just south of the canal in growing Middletown, still retains light industrial availability. Entrepreneurs Business Park in New Castle remains on the market, as do the two remaining parcels in Newark’s Pencader Corporate Center. The largest recent industrial transactions have been the renewal of DuPont’s 191,000 s/f lease in Pencader Corporate Center and a lease to an out-of-state manufacturer that took advantage of State and County incentives at Centerpoint for 125,000 s/f of space. Verizon renewed their lease in New Castle’s Corporate Commons for space used by their FIOS installation fleet. AET absorbed more than 20,000 s/f of space at the Interchange Business Park in Newark for the manufacture of plastic film and

Delaware industrial market maintains slow climb

The Port of Wilmington ranks as the #1 American Terminal for imports of fresh fruit, bananas and juice concentrate and has the largest dockside refrigerated complex.

UPS recently signed a lease to transfer operations from their facility in New Castle to an industrial site in the Pencader Corporate Center. While the automotive industry once dominated the industrial landscape north of the canal, the departure of Chrysler and GM left a void that was quickly filled. The fortunate absorption of the former Chrysler site in Newark by the University of Delaware and the purchase of GM’s Boxwood Road Plant in Newport by Fisker (with the help of generous incentives by the State and Federal government) have spared much of the

state from high vacancy rates. The absorption of these two sites brings new industries: Fisker with their hybrid sports car and the University of Delaware transitioning the site from Industrial to R&D and partnership ventures. Overall, interest in Delaware remains high due to its position along the Eastern Seaboard, its proximity to the Port of Wilmington, tax incentives, and excellent access to qualified workforces and major routes. Edd Connor, NAI Emory Hill. Connor has been a licensed broker since 19 7 n

Triumph Industrial Park: Building 205 Cecil County, Maryland • +/- 20,000 SF lab / clean room for lease • Heavy power, high-tech improvements Contact: Neil Kilian, CCIM neilkilian@emoryhill.com 65 Lukens Drive, New Castle, Delaware • +/- 41,429 SF warehouse and office • 2 loading docks, 1 drive in • For sale or lease Contact: Jim O’Hara, Jr. jimohara@emoryhill.com 22 Blevins Drive, New Castle, Delaware • +/- 18,120 SF available • Warehouse, office and production area • For lease Contact: Edd Connor eddconnor@emoryhill.com 10 Corporate Circle Suite 100 New Castle DE 19720 phone 302 322 9500 fax 302 322 9518 www.emoryhill.com

10D — May 27 - June 9, 2011 — Industrial / Distribution Centers — NAI Global Spotlight — Mid

Atlantic Real Estate Journal

MAREjournal.com

NAI Global Warehouse/ distribution space in 121,000 s/f building Grace of Landmark represents Couriers

Wierzel of Nai Mertz negotiates 41,200 s/f lease

P

ennsauken , N J — NAI Mertz has announced the leasing of a 41,200 s/f warehouse/ distribution space in a 121,000 s/f Paul Wierzel building at

8295 National Highway in Camden County. Paul Wierzel is the salesperson at Mertz who negotiated the transaction between the owner, Industrial Investments, and the new tenant, K.S.I Auto Parts. The new tenant is expanding from their current space at 6875 Westfield Ave., also in Pennsauken. K.S.I. Auto Parts represents the world’s lead-

ing manufacturers of collision repair parts. Their extensive line includes products manufactured by API, TYC, Gordon, Dept, Juli-li, Sabry Lee, Tong Yang, Y.C.C. and others….. from radiators and air conditioner condensers to lamps, bumpers, fenders, hoods, trim and supplies. There will be about 30 employees at this new location. n

Nai Summit adds Adams and Norris to team ALLENTOWN, PA — NAI Summit has hired Michael Adams to their brokerage team as VP. Michael brings NAI Summit 21 years of industrial and office real estate sales and leasing experience. Michael Adams Before joining NAI Summit, Adams was senior vice president at Coldwell Banker Commercial Feist and Feist Realty and continues to be active in the Greater Lehigh Valley Chamber of Commerce and Lehigh Valley Economic Development Corporation’s Committees. NAI Summit welcomes Brian Norris as a recent addition to their brokerage team. Prior to joining NAI Summit, Norris was the director of sales at Coldwell Banker Commercial Feist and Feist.

In other news, NAI Summit in conjunction with the Greater Lehigh Valley Chamber of Commerce, hosted the 7th annual Commercial Real Estate Forecast Luncheon at the Holiday Inn ConferBrian Norris ence Center in Fogelsville. More than 400 local business leaders attended one of the Chambers’ largest events to hear Frank Smith, CCIM, CPM and John Crampsie, SIOR of NAI Summit highlight the Lehigh Valley’s strengths and challenges of the commercial real estate markets and outlook for 2011. The presentation titled “Today’s Trends in Commercial Real Estate” reiterated the many key attributes about the Lehigh Valley and why the Lehigh Valley continues to outperform many of the

national real estate statistics. Two of the important underlying and unique factors here in the Lehigh Valley are location and quality of life. Our area boasts some of the best health care in the country, road infrastructure, higher institutions of learning and entertainment venues. The speakers from NAI Summit referenced trends in the various sectors of the market highlighting key deals and developments that have been completed in the past 12 months. NAI Summit also shared the growth beyond the Rte. 22 corridor with development in markets such as New Smithville, Rte. 512 North, LVIP VII and Alburtis. Despite the economic conditions being felt throughout the country in 2010 and the potential of unforeseen impacts from our global economy, the Lehigh Valley continues to be a stable commercial real estate market. n

NAI Keystone’s Buccinno receives CCIM designation Bethesda, MD — NAI Keystone Commercial & Industrial’s John Buccinno has been awarded the Certified Commercial Investment M e m b e r (CCIM) designation by the CCIM Institute, one of the leading John Buccinno commercial real estate associations in the world. Scoring in the 90th percentile, Buccinno was among 194 commercial real estate professionals who passed the CCIM Comprehensive Examination, the final component in the designation process, at the Institute’s biannual business meetings. Since 1969, the CCIM Institute has conferred the Certified Commercial Investment

Member designation to commercial real estate and allied professionals through a graduate-level education curriculum of 200 classroom hours and the presentation of a portfolio of qualifying industry experience. The curriculum addresses: financial analysis, market analysis, user decision analysis and investment analysis – the cornerstones of commercial real estate investment. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis and have access to unparalleled level of valuable online tools, including the Site To Do Business, a suite of mapping, demographic and other analytical resources and all CCIMs can market properties for sale or lease through CCIMNet, a leading

national commercial property exchange. Currently, there are about 9,000 CCIMs in 1,000 markets throughout the U.S., Canada, and 30 additional countries. More than 6,000 practitioners are pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry. CCIM Designees include professionals who work in brokerage, investment and development, the corporate environment, property management, appraisal and related segments of commercial real estate. n

NAI CIR & NAI Robert Lynn broker 30,000 s/f lease

801 Spangler Road Lower Allen Twp., PA NAI CIR and Mark Miller of — Couriers, Inc. has leased NAI Robert Lynn in Dallas, 30,000 s/f of warehouse space TX represented 801 Spangler at 801 Spangler Road, Lower Associates and Jason Grace of Allen Twp. from 801 Spangler Landmark represented CouriAssociates. Joe Bedard of ers, Inc. n

NAI James E. Hanson rewards outstanding achievements for 2010 Garfield, NJ — NAI James E. Hanson hosted its annual awards dinner at the Venetian in Garfield to honor employees who exhibited extraordinary hard work, effort and dedication to achieve suc- William Hanson cess in 2010. “As the economy improves, we are continuing to make great strides as a company, and grow, thanks to the efforts of our loyal and enthusiastic employees,” said William Hanson, SIOR, president of NAI Hanson. “It is with great pride and pleasure that we honor the great achievements of these outstanding people and commend all of our employees who work so tirelessly on behalf of the NAI Hanson team. We thank them all for their efforts and look forward to continuing our success in 2011.” The NAI Hanson awards and recipients are listed as follows: Best Quarter Performance • 1st Quarter: VP Anthony Cassano • 2nd Quarter: VP Joan Cenicola • 3rd Quarter: Executive Managing Director Corporate Services Michael Walters, SIOR • 4th Quarter: VP Hal Messer, MSRE • Mildred Hanson Sales Associates of the Year: VP Hal B. Messer, MSRE • Outstanding Transaction of the Year: The sale of 468-480 Chancellor Ave., Irvington. VP Barry Cohorsky and senior VP Thomas Ryan completed the 160,000 s/f retail transaction

with Valley Fair. • Transaction Award: VPs Thomas Vetter and Jeffrey DeMagistris. This award is based on the number of transactions for the year, and together they completed 33 transactions in 2010. • NAI Award: Peter Cohen and Susan Trovati, for their work with Boys Town. • Joan Hoerauf Employee of the Year: Meg Muldowney Outstanding Performances • Senior VP Gary Sauerborn and Sales Associate Robert Marciani for the lease of 1 North Kinderkamack Rd. in Montvale for a 7-Eleven. • VP Anthony Cassano for a long-term retail transaction with Mitsubishi of Paramus for 633 Route 17 South, Paramus. • Senior VP John Schilp for the sale of the 21,500 s/f, 407425 Main St., Chester with Skyland Bank. • VP Barry Cohorsky and senior VP W. Joshua Levering, SIOR for the sale of a 39,000 s/ f industrial site at 400 Newark Pompton Tpke. in Wayne for United Yarn--Krowne Metals. • Associate VP Darren Lizzack, MSRE and VP Hal Messer, MSRE, for a land sale of 18-35 River Rd., Fair Lawn for Hadco-Opper. • VPs Thomas Vetter and Jeffrey DeMagistris for the 45,000 s/f lease of 165 Chubb Ave. in Lyndhurst with Grand Super Center. • Executive managing director of corporate services Michael Walters SIOR for the 32,328 s/f office lease of 10 Exchange Place in Jersey City with Diapers.com. • VP Joan Cenicola for two land leases with Wachovia in Franklin Twp. • Hal Messer was promoted from associate VP to VP. n

MAREjournal.com

Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — NAI Global Spotlight — May 27 - June 9, 2011 — 11D

NAI DiLeo-Bram & Co. Central New Jersey’s Industrial Real Estate Experts

Featured Exclusive Listings South Brunswick, NJ Only $2.99 Per Sq. Ft.

84,500 Sq. Ft.

Edison, NJ

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x Expandable to 154,000 sq. ft. x 5,000 sq. ft. office space x 32’ clear height x 12 loading docks, 1 drive in x Fully racked and outfitted with x

Piscataway, NJ

material handling equipment

Located minutes from Exit 8A of the NJ Turnpike

7,035 Sq. Ft.

x x x x x x

Piscataway, NJ

x x x x

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Edison, NJ

Sale

Two 3,000 sq. ft. industrial condos Built in 2009 1 drive-in Steel frame, decorative block facade Clear span Located only 3 miles from Newark Air and Sea Ports and only 1/2 mile from Exit 15E of the NJ Turnpike

32,500 Sq. Ft.

x x x x x x x

Free-standing warehouse located on 1 acre 4,500 sf office space and 3,000 sf air-conditioned production room 1 drive-in, 2 tailboards Owner will modify space to fit tenant’s requirements Located minutes from Routes 1, 27, 287 and the NJ Turnpike

7,000 sq. ft. of office space. 4.86 acre fenced and paved lot 3 rail doors 10 loading docks with levelators 1 drive-in door Great labor market Bus service through industrial park Minutes from NJ Turnpike Exit 10

Bank Owned

x x x x x x

3,614 sq. ft. office space 420 sq. ft. mezzanine space 1 drive in door Situated on 1/2 acre 20’ ceiling height. Located only ½ mile from Exit 6 of Route 287 and minutes from Route 18, Route 1, Route 22 and the NJ Turnpike

16,600 Sq. Ft.

x

Newark, NJ

Sale

Lease

Lease

Freestanding industrial building 2,700 sq. ft. office space 3,800 sf air-conditioned showroom Situated on 1.9 acres 5 ton crane 2 drive-ins, 2 interior loading docks Located minutes from Route 1, Route 287, Route 27 & the NJ Turnpike

Recent Transactions 267,448 Sq. Ft.

Industrial Lease

1130 King Georges Post Road Edison, New Jersey 17,500 Sq. Ft.

Industrial Sale

9 Timber Lane Marlboro, New Jersey

51,500 Sq. Ft.

Industrial Sale

25 Ridge Road Whitehouse Station, New Jersey 110,918 Sq. Ft.

Industrial Lease

75 Northfield Avenue Edison, New Jersey

The Results Of Local Knowledge.

153,808 Sq. Ft.

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7 Santa Fe Way Cranbury, New Jersey 49,668 Sq. Ft.

Industrial Lease

65 Clyde Road Somerset, New Jersey

The Power Of Global Contacts For Further Information Please Contact Exclusive Broker:

tel 732 985 3000 1315 Stelton Road Piscataway, NJ 08854 www.naidileobram.com

Build On The Power Of Our Network™ Over 350 Offices Worldwide

The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Wherever you are.

Wherever you want to be.

We’re already there.

12D — May 27 - June 9, 2011 — Industrial / Distribution Centers — Mid

Atlantic Real Estate Journal

MAREjournal.com

Industrial Real Estate & Distribution Centers By John A. Bown, III, Jones Lang LaSalle Americas

Philadelphia industrial market: A year in review

T

he Philadelphia market continued to gain momentum in the latter half of 2010 and finished the year with a strong f o u r t h q u a r t e r. The market extended i t s s t r e a k John Bown, III of consecutive quarters of positive absorption by adding a sixth quarter. Leasing activity remained strong across the region in 2010 with Ollie’s Bargain Outlet, Amazon. com, Bay Valley Foods, Walgreens, Five Below and others leasing large blocks of space. Quarter-over-quarter, the overall vacancy rate improved to 11.1 percent from 11.9 percent, with most submarkets seeing declines in vacancy throughout the year. The majority of new lease deals during 2010 occurred in the Central Pennsylvania and Lehigh Valley submarkets. The most notable fourth quarter transaction was Walgreens’ lease of 645,000 s/f in the Lehigh Valley. Walgreens leased 510,000 s/f of vacant space at ProLogis Park 33 and began construction on a 135,000 s/f expansion. In Central PA, Bay Valley Foods signed a lease for 602,500 s/f at 1700 Ritner Highway. Amazon.com leased 483,000 s/f of sublease space at 650

Philadelphia industrial markets by region. Courtesy Jones Lang LaSalle Boulder Drive, and Packaging Corporation of America leased 208,000 s/f of space at 171 Tuckerton Road. In the I-81 Corridor, United Sports Companies leased 198,400 s/f at 100-124 Capital Road. The fourth quarter also had several investment sales take place across the region involving Exeter Property Group, Dexus Property Group and IBC Holdings. In one of the most notable transactions to close during the fourth quarter, Blackstone Real Estate Investors completed their $1 billion purchase of a portfolio of industrial properties owned by Eaton Vance and ProLogis. In the wake of their purchase, Blackstone now controls almost 8 million S/F, making it the fourth largest landlord in the Philadelphia market behind Liberty Property Trust, ProLogis and Mericle. New construction remained

well below historical norms, which has helped to lower vacancy rates across the region. A lack of new supply has caused the market to absorb excess space faster than would be expected if speculative construction had not ceased. Class A rates are expected to begin to rise throughout the year. Owners of class B and C buildings, who are experiencing higher levels of vacancy, are still aggressive in their pricing. In 2011, expect to see an increase in build-tosuit activity and the return of speculative construction in some submarkets as owners and developers try to catch up with market demand for big-box distribution space in the Philadelphia region. John A. Bown, III is an industrial research analyst in the King of Prussia office of Jones Lang LaSalle Americas, Inc. n

Liberty Property Trust sells 32 properties in Lehigh Valley BETHLEHEM, PA — Liberty Property Trust has sold 32 properties, offering 1.4 million s/f of space in the Lehigh Valley region, for $124 million. “This sale is consistent with our Lehigh Valley strategy. Our focus remains on developing and operating high quality distribution properties in the growing distribution corridor that stretches from the Lehigh

Valley through Harrisburg to Hagerstown, MD,” said Bob Kiel, senior vice president and city manager for the Lehigh Valley region. “We took the opportunity to divest some older properties in the Lehigh Valley International Airport submarket in order to focus on growth in the west side of the Lehigh Valley and across the corridor,” he contin-

ued. “As the economy picks up speed, demand for high quality distribution facilities across the region is growing.” The properties include office and high-finish flex properties and are located in Lehigh Valley Industrial Park, William Penn Business Center, and Stabler Corporate Center. The properties are approximately 90% leased. n

IDT Telecom moves key operations to the Lakewood Ind. Pk. Lakewood, NJ — IDT Corp. is moving key engineering operations to the Lakewood Industrial Park. 60 full-time engineers, software developers, and service management professionals will work in the Lakewood office, developing software for IDT’s energy and telecommunications systems, and supporting IDT Telecom’s

cable telephony customers. Steven Reinman, the director of economic development for Lakewood, said, “IDT’s decision to relocate to our Industrial Park is further validation of the Dept. of Economic Development’s efforts to attract high quality employers and high quality jobs to Lakewood. Lakewood’s industrial and corporate

parks offer a high quality business environment in northern Ocean County. We welcome IDT to our family of companies and look forward to their continued growth and success.” Shmuel Jonas, IDT’s Chief Operating Officer, said, “IDT’s highly skilled professional staff is our Company’s most valuable resource.” n

With Urban Outfitters

Phila-based DP Ptrs. finalizes transaction Reno, NV — Dermody Properties (DP) and United Construction Company (UCC), announced today that they have finalized transactions with Philadelphia based Urban Outfitters, Inc, to develop and build Urban Outfitters’ Western United States Internet Fulfillment Center in Reno, Nev. Urban Outfitters’ expansion into northern Nevada and the new construction project is estimated to create a total of 655 jobs through direct and indirect job creation. “For over 32 years, and through many economic cycles, Dermody Properties and United Construction have been the foremost development and construction team that continues to take the economic risk to bring companies to the community, create jobs for Nevadans and create a tax base that supports the local economy, including our schools, “said Michael C.

Urban Outfitters rendering Dermody, Dermody Properties chairman and CEO, “We are honored to be part of this latest effort to continue to bring companies that bring economic vitality to our community.” The 462,720 s/f Urban Outfitters facility, designed to be USGBC LEED Silver Certified, will be located at 12055 Moya Blvd. on 38.34 acres of development-ready land in the Dermody Properties Silver Lake Business Park. Urban Outfitters purchased the land from Dermody Properties for an undisclosed price. n

Mericle developing pads, spec buildings in anticipation of next economic . . .

continued from page 1D Northeastern Pennsylvania’s industrial resurgence has been brought about by a number of factors including the region’s quick access to I-81, I-80 and I-84, its close proximity to New York City, Northern and Central New Jersey, and Philadelphia, the availability of a

highly productive and available workforce, aggressive tax abatement programs and a strong supply of quality sites and buildings prepared by Mericle and others. Jim Cummings is vice president, marketing at Mericle Commercial Real Estate Services. n

By Louis V. Oliva, CCIM, SIOR . . . continued from page 3D from 32M to 36M s/f, the current warehouse vacancy of 4.5M SF is the highest level in over ten years. Clearly, older class B and C buildings have suffered the most with vacancy in excess of 15%. However, the downsizing or elimination of the 3PL companies and the recent relocations of Bay Valley Foods, Supervalu and others out of the market to larger distribution markets such as Central and Northeast PA is an area of concern. Pittsburgh has always been considered a local distribution network location. Logisticians have argued the increase in crude oil/gasoline prices and the long term demand for oil/ gas maintaining or increasing that pricing could result in a shift away from the mega warehouses to a network of more numerous, yet smaller distribution centers. While there clearly is a tipping point where transportation costs

will alter distribution networks, we have not seen a shift in Pittsburgh. With conflicting economic data the past few months, it remains difficult to predict how the remainder of 2011 will play out. While inquiries have increased from Q1 2011 over Q1 2010, transaction volume has not increased as confirmed by the negative absorption in recent quarters. The historically robust Northwest submarket should be a leading indicator of where the overall market is headed. Several class A warehouse properties ranging from 50,000 s/f to 150,000 s/f have remained vacant beyond historical marketing periods. Until these high profile properties have been absorbed, it will be difficult to state that we are in a true recovery period. Louis V. Oliva, CCIM, SIOR is senior vice president at Grubb & Ellis Company in Pittsburgh, PA. n

MAREjournal.com

Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — 13D

Industrial Real Estate & Distribution Centers Industrial/Distribution Centers

INDUSTRIAL/OFFICE BUILDING

Real Estate Sales, Appraisal & Property Management

FOR SALE, FOR LEASE OR SALE LEASEBACK

Warehouse, Manufacturing, Office & Storage Space | Hanover Township, Lehigh County

x ± 70,450 SF available & divisible to ±1,000 SF x 100% wet sprinkler system, industrial grade utilities and

47,000 SF

extensive HVAC unit

Located in Luzerne County, Pennsylvania, this property can serve the Scranton-Wilkes-Barre Metropolitan area and the rapidly developing Marcellus Shale regions of Pennsylvania. With the extensive highway network, the major eastern United States markets are within a one day drive.

476’

26’

465’

436’ Westminster Road

834’

327’

Contact: John Cognetti

jcognetti@hinerfeldcommercial.com

property is located less than one mile to The prope S.R. 315. Going north on S.R. 315, I-81 and I-476 interchanges at Pittston are less than two miles away. Going south on S.R. 315, S.R. 309 and the I-81 Wilkes-Barre interchanges are four miles away. Scranton, I-84 and I-380 are thirteen miles north on I-81.

Unique Sale, Lease or Sale/Leaseback Options

570-207-4100

www.hinerfeldcommercial.com

130 subdividable acres with full utility services, rail access and strategic location.

1650 E. Race Street

x Dock doors and covered parking x Adjacent to Lehigh Valley International Airport x Great proximity to Routes 22, 33, 476 and IͲ78 x Available for lease

Warehouse | Washington Township, Northampton County

x ± 24,000 SF building on 4.25 acres x Building measures 120’ x 200’ x 10’Ͳ15’ ceiling heights, clear span x 12’ x 14’ overhead door x Available for sale or lease

CALL RYAN C. DIETRICK OR KELLY L. BERFIELD, 610.391.8888

455 American Bangor Road

FOR ADDITIONAL INFORMATION REGARDING THESE PROPERTIES & MORE, PLEASE FEEL FREE TO CONTACT US!

90 subdividable acres with full utility services, and strategic location.

50 acres remaining in parcels with full utility services in a nearly sold out business park.

Charles Blankenship, President • (717) 274-3180 • www.lvedc.org • Brokers Protected

5100 W. Tilghman Street, Suite 320 | Allentown, PA 18104 | p: 610.391.8888 | f: 610.391.8830 | dietrickgroup.com

DIETRICK GROUP, LLC

14D — May 27 - June 9, 2011 — Industrial/Distribution Centers — Mid

Atlantic Real Estate Journal

MAREjournal.com

MAREJ INDUSTRIAL TRANSACTION REPORT 2010 AS REPORTED IN THE Mid Atlantic REAL ESTATE JOURNAL Property Name

Seller/ Owner/ Lessor

Address

801 Spangler Rd.

Camp Hill, PA

801 Spangler Rd.

7917 Derry Rd.

Harrisburg, PA

DP Partners

360 Steel Way

243 Quigley Blvd.

Lancaster, PA

New Castle, DE

First State Industrial New Castle, DE 106-108 Quigley

121 High Hill Rd

33 New Bridge Rd. 7917 Derry Rd.

243 Quigley Blvd.

New Castle, DE

Woolwich, NJ

Bergenfield, NJ

Harrisburg, PA

New Castle, DE

First State Industrial New Castle, DE 106-108 Quigley

New Castle, DE

33 New Bridge Rd.

Bergenfield, NJ

121 High Hill Rd

Woolwich, NJ

Paterson, NJ

—

—

—

Rep. of Seller/ Lessor

Landmark

—

Jones Lang LaSalle NAI Emory Hill

NAI Emory Hill

NAI Hanson

NAI Emory Hill

Architectural Hardware

—

DP Partners —

—

Jones Lang LaSalle NAI Emory Hill

College Pk., MD

Balanced Audio Tech

NAI Hanson

456 Washington LLC

NAI Hanson

Sudler Companies

Sudler Companies

Frozen Ropes

Weichert Commercial

Endurance Real Estate Jackson Cross Ptrs.

—

Marcus & Millichap

—

—

MedEx

NAI Emory Hill

CB Richard Ellis

Landmark Commercial

—

TMI Realty

Harrisburg, PA

Casher Real Estate

Landmark Commercial

569 Industrial Dr.

Lewisberry, PA

BP Petroleum

NAI CIR, JLL

871 Nestle Way

Breinsgville, PA

—

—

491 Blue Eagle Ave. Lower Paxton, PA 3035 Franks Rd.

—

Huntingdon Valley, PA RMF Assoc.

Naaman’s Creek Ctr. King of Prussia, PA 1915 Annapolis and Edgewood, MD 2109 Columbia

GID Advisers

TA Realty Trust

NAI CIR

Ind.

—

44,000 s/f

Mixed-use

S

2B

—

10,230 s/f

Ind.

L

2A

—

—

—

—

107,570 s/f Ind. 16,000 s/f 7,000 s/f

Ind.

Ind.

44,000 s/f

Mixed-use

S

2B

—

15,000 s/f

Ind.

L

4A 3/26-4/8

—

$725k

$1m

107,570 s/f Ind. 7,400 s/f

20,000 s/f

Mixed-use

Ind.

Astrum Solar

CAMPBELL Commercial —

Colliers L&A NAI Mertz

Chesapeke Power Sports Colonial Metals

Cecil Graphics

KOL Marble & Granite —

LA Fitness

B&I Auto Supply

Evergreen Prop. Trust

Pharmerica Drug Sys

NAI Emory Hill

Industrial Investments

Bussel

7,000 s/f

Flex

326,000 SF Ind.

S

11A

12,700 SF

L

11A

$350k

—

2500 SF

Ind.

5000 SF

Ind.

5000 SF

11,250 s/f

50,000 s/f

Ind.

Ind.

Whse.

Whse.

65,000 s/f

Ind.

S

FC-C

Landmark Commercial

—

15,200 s/f

Whse.

Landmark Commercial

NAI CIR

—

—

372,000 s/f Ind. 42,000 s/f

Whse.

12,000 s/f

Whse.

Roddy —

—

22,725 s/f

Off./Ind.

—

34,000 s/f

Ind.

Ind.

L

10A

L

10A

100,000 s/f Whse.

1718 Blemont Ave.

Windsor Mill, MD

Blue & Obercht Realty

—

3,166 s/f

—

—

165 Ninth Ave.

Runnemede, NJ

DPE 165 Runnemede Markeim Chalmers

Denver, PA

1642 Woodhaven Dr. Bensalem, PA 68 Mountain Rd.

2400 Stafford Ave.

King of Prussia, PA

Scranton, PA

—

French Palm

NAI Commercial Ptrs Roddy

Higgins Dev. Ptrs.

Grubb & Ellis

PNC Bank —

—

Commerce Wa

515 Zarfoss Dr.

HACKENSACK, NJ

York, PA

12D

15,150 s/f

Ind.

S

9,050 s/f

Flex

11,616 s/f

Ind.

10A

L

5B 6/11-7/8 2C

16,200 s/f

Ind.

L

5C

Landmark Commercial

Romeo LaMarco

Landmark Commercial

7,959 s/f

whse.

ROCK Commercial NAI Commercial

—

Cty. Of Lackawanna Kline Svcs.

Harbin Props.

Hinerfeld Commercial

ROCK Commercial NAI Commercial

Unilife Medical Solutions NAI CIR Five Below

Sperry Van Ness – Miller Greenlight Biofuels —

—

ROCK

Syncreon.US, Inc.

Prism Capital Partners Jones Lang LaSalle

—

S

—

—

—

Ind.

6,500 s/f

SRS Leasing

SALISBURY, MD Somerset, NJ

Off./Whse. L

10A

Utz

Northwood Dr.

130 Belmont Dr.

15,000 s/f

10A

L

NAI CIR

DRG Yellow Breeches RSR Realtors Harvey, Hanna & Assoc

—

$800k

L

Flex

2C

New Cumberland, PA

Twin Spans Business Pk New Castle, DE

$317.5k

Flex

S

—

Cleancreek Ptrs

Colliers international

—

—

14,400 s/f

10A

400,260 s/f Ind.

Harrisburg, PA Leola, PA

NAI Commercial Ptrs.

L

10A

$12.9m

3301 Hoffman St.

34 Zimmerman Rd

Snyder’s of Hanover

Hagen Props.

SVN-Miller

Ind.

L

9C

—

Hanover, PA

—

Stone Hill Props.

14,000 s/f

L

—

—

1040 High St

710-720 Willow Spring York, PA

L&L Company

6C

3A 5/28-6/10

—

—

FC-C

—

KLNB —

L

FC-C

215,668 s/f Flex

Classic

—

S

S

5B

8C

Hearn Burkley

—

L

S

—

Seaford, DE

FC-B

$2.5m

—

620 Stone Hill Rd.

4A 5/14-27

Aptcor Commercial

NAI Farbman, Alliance RE —

Wollmore Court

101 Pk. Ave.

S

11A

3B

9,000 s/f

King Mechanical Co

L

L

—

—

L

11A

Ind.

Hearn Burkley

Blue & Obrecht Realty

L

11A

20,000 s/f

Leaf Guard

Blue & Obrecht Realty

L

7C

—

—

H&E Equiptment

L

NAI Hanson

—

—

4C

$12m

—

Dentex Dental Mobile

L

6C

—

Belmont Realty

7A

L

Flex

Jackson Cross

FR Rutherford

S

5B

Ind.

5,976 s/f

120,000 s/f Whse.

7200 Rutherford Rd. Windsor Mill, MD

S

FCB

57,600 s/f

—

—

Hearn Burkley

S

2A

—

—

—

2A

—

10611 Iron Bridge Rd. Jessup, MD

7430 Montevideo Rd Jessup, MD

L

L

2A 3/11-25

Ind.

—

Hearn Burkley

L

FCB

6,160 s/f

Griffin Land Nurseries

Roddy

S

2A

4C

Washington St. Inv

1700 Bobalie Dr.

2A

6,160 s/f

L

Jones Land LaSalle

Cushman & Wakefield

2A

Whse.

Warren Lumber

Principal Real Estate

L

L

2A 2/26-3/11

11,000 s/f

W.B. Law & Son

Monroe Twp., NJ

L

—

Pantheon Props.

1 N. Washington Ave. Telford, PA

Ind.

L

Landmark Commercial

I Need Solar.Com

Pantheon Props.

1 Costco Way

Ind.

—

Forrest Sheet Metal

Bussel

7,000 s/f

Ind.

5B 4/9-5/13

280 Wilson Ave.

—

10,230 s/f

2C 2-/11-3/10

4C

L

—

Newark, NJ

—

—

16,000 s/f

L

L

Month

Distrib.

NAI Emory Hill

—

NAI Emory Hill

—

Whse.

Ind.

S/L

86,300 s/f

University of MD

NAI Emory Hill

Marcus & Millichap

—

62,000 s/f

19,800 s/f

Desc.

—

Cushman & Wakefield

NAI Emory Hill

NAI Mertz

—

—

Size

DP Partners

Staples

NAI Emory Hill

—

Price

hhgregg

The Flynn Co.

The Buccini Pollin Grp Beacon Comm’l. Washington Post

Diversified Foam

3119 Phoenixville Pk. Malvern, PA Cateret, NJ

—

33 New Bridge Props

Triumph Industrial Pk. Elkton, MD

1100 Milik St.

ICON Commercial

Star Building Svcs.

Triumph Industrial Pk. Elkton, MD Triumph Industrial Pk. Elkton, MD

Transcore

NAI Mertz

NAI Emory Hill

First Industrial Realty NAI CIR

5245 Greenbelt Rd.

Diversified Foam

—

—

Middletown, Pa

Triumph Industrial Pk. Elkton, MD

—

456 Washington LLC

401 Russell Dr.

Folcroft, PA

—

NAI Hanson

Endurance Real Estate Jackson Cross Ptrs.

Clarus Props.

705 Gen.Washington Norristown, PA

Balanced Audio Tech

ICON Commercial

33 New Bridge Props

Southern, NJ

405 Kaiser Dr.

Architectural Hardware

Star Building Svcs.

LogistiCtr. at Logan

4913 Gettysburg Rd. Mechanicsburg, PA

Transcore

Landmark

ROCK Commercial

NAI Emory Hill

Tinton, NJ

New Castle, DE

Scott Electric Co.

Cascade Orthopedic

Rep. of Tenant/ Buyer

—

31 Pk. Rd.

40 McCullough Dr.

Buyer/ Tenant/ Lessee

JANUARY 15 - DECEMBER 23, 2010

—

—

—

—

—

$4m

— —

10,750 s/f

Ind.

124,900 s/f Ind.

12,615 s/f 421,000 s/f

Sperry Van Ness – Miller $1500/month 2400 s/f

14C

14C

6A

whse.

L

8A

50,000 s/f

—

—

216,000 s/f Ind

43,000 s/f

L

L

14C

L

Flex

—

—

L

4C

Off/Whse

—

Young Star Realty

L

Flex

Flex

L

S

S

L

7A

4B 7/9-8/12 60 5B

FC-C

MAREjournal.com

Mid Atlantic Real Estate Journal — Industrial/Distribution Centers — May 27 - June 9, 2011 — 15D

MAREJ INDUSTRIAL TRANSACTION REPORT 2010 AS REPORTED IN THE Mid Atlantic REAL ESTATE JOURNAL

Property Name

1 400 AIP Dr.

597 Salem Rd.

3105 Sycamore St.

Address

Swatara Twp., PA

Global Outreach Ctr.

Latus Comm’l. Realty

Fisher Auto Parts

Whippany, NJ

—

Fredericksburg, VA

—

Fairview Twp

Harrisburg, PA

Fredericksburg, VA

Eagle Village

Fredericksburg, VA

Eagle Village

Fredericksburg, VA

731 S. 19th St.

Harrisburg, PA

—

Z&Z Supply

—

13,200 s/f

Ind

L

13A

Thalhimer

Home Team Grill

NAI Hanson

Pancho Villa Express

—

—

3,450 s/f

Mixed-Use L

—

—

FAP Properties Ltd

Thalhimer Thalhimer

Thalhimer

Landmark Commercial

Windsor Mill, MD

Summitt / Cullen Properties

Obrecht Realty

Exeter Property Grp.

Exeter Property Grp.

Civic Works

MacKenzie Commercial —

Tin Man Partners, LLC

Stilwell Plumbing & Drain Cleaning

—

12A

Denholtz Associates

Resource Real Estate

Woods Sports Institute

—

12,844 s/f

L

12A

KIPC

NAI Global, NAI Mertz CSC Sugar

Susquehanna RE

Marcus & Millichap

CB Richard Ellis

—

22,275 s/f

Ind

L

2C

Megan T. Horstmann Trust Lieberman Earley

$857,650

10,090 s/f

Flex

S

3C

Tower 16 and E & N, LLC

Prudential

—

—

Ind S 13C

Stephen F. Horstmann &

Interstock Premium Cabinetry

NAI Mertz

—

$460k

Blue & Obrecht

Ultimate Vending Corp. Century 21 North Warren —

York, PA

Linda Kuhn

CBC Bennett Williams

Advantage Medical Trans CBC Bennett Williams

Swatara Twp. PA

Barry & Connie Pagliaro NAI CIR

252 Bethlehem Pike Colmar, PA 100 Firemens Rd. 109 Pk. Dr

POTTSVILLE, PA

Montgomeryville, PA

The Kislak Co

Lee and Rosalind Kunkel DCT Bobali Drive

Landmark

Buncher Co

—

The Endurance Grp. & Brasler Properties

NAI Keystone

Industry Road Industrial Assocs

Aptcor

Hostmann-Steinberg

FNK Enterprises

Com? ex

SEDCO

Mammana Family

Landmark

Tucker Realty

5523 Walnut Street

RKF Inc

925 Bottle Dr.

801 S. 28th St.

390 Chestnut St.

Pittsburgh, PA

N.Cumberland Cty., PA Catawissa Lumber & Specialty Co.

Harrisburg, PA

8400 Ardwick Rd.

DML Properties

Mod Cloth

Grant Street Associates

Mark Two Properties, LLC Patriot Real Estate

—

Pendant Sys

Colliers B & K, Roddy

S

8A

3B 10/8-11/11

19,000 s/f

Whse/Dist

L

6B

2,303 s/f

Ind

L

8B

$180k

4,500 s/f

50,000 s/f

8,227 s/f

Ind

Whse/Dist

Ind S 2C

L

2C

L

3C

L

4C

NAI CIR

—

30,000 s/f

Whse S 3C

—

7,287 s/f

Ind

S

—

—

$1.298m

97,914 s/f

Whse/Dist

220,875 s/f Ind 24,000 s/f

Ind

L S

4C

4C 7C

Eastern Whse. Distributors Aptcor

$450k

10,000 s/f

Flex

L

9C

—

Michael J. Linus

NAI Mertz

—

24,000 s/f

Ind

SVN/Skogmo

Smith Family Dev.

NAI/The Michael Cos

$1.05 million 9,800 s/f

Off/Whse

—

Whse

Aptcor —

Hitters Coop

—

—

—

Mixed-use

L

SASREII LLC

—

Nomadic Display

Colliers Int’l.

PCA

Cushman & Wake? eld

Grubb & Ellis Co

Net-A-Porter LLC

Cushman & Wake? eld

NAI CIR

Carolina Carports

Hart Corp.

Tulfra Real Estate

McShea & Co

NAI Pittsburgh

Bill Gladstone Grp.

Net? ix

Penn-Wilkins Assoc.

Aetna Corp

—

—

Bill Gladstone Grp.

—

—

— —

$950k

— —

60,000 s/f

Ind

S

S

12C

4A

12,185 s/f Whse

L

4A

75,749 s/f

L

4A 11/12-12/9

30,000 s/f

Off/Whse

167,424 s/f Ind —

42,315 s/f 5,310 s/f

S

L

Whse

5A

L

13B

S

5C

Mixed Use S

Whse

10A

S

FC-C

5C

York, PA

—

ROCK

Luxosport, LLC

ROCK

—

4,800 s/f

Ind

L

6C

Harrisburg, PA

RMP Real Estate II

Landmark

RMP Real Estate II

CAMPBELL

—

23,000 s/f

Ind

S

7C

7301 Allentown Blvd. Harrisburg, PA 2103 N. 7th St.

TIAA-CREF

NAI CIR

Ind

9C

Diversi? ed Investment Cushman & Wake? eld

TA Western

Sys Material Handling

—

10,000 s/f

148,000 s/f Ind L 4A

L

BALTIMORE, MD

725 Darlington Ave. Mahwah, NJ

Condor Ventures, LLC

8500 s/f

5C

Flex

5 W. Aylesbury Rd.

2 Choke Cherry Rd. Rockville, MD

CBC Bennett Williams

—

—

FC-C

12,000 s/f

FRA Fair? eld LLC —

Newmark Knight Frank —

13.29 acres Ind Land

L

5B 9/10-8/7

$560k

Fair? eld, NJ

Beltsville, MD

The Kislak Co

—

161,000 s/f Ind

S

Aptcor

4-6 Just Rd

10320 Southard Dr.

Blue & Obrecht

—

NAI Hanson

—

ADVACO

ROCK

—

mixed use

8A

—

NAI Mertz

Hot Air LLLP

Flex

L

Beacon

—

10,258 s/f

? ex

$1.325m

Next Five

Prudential

4,166 s/f

Marcus & Millichap

ROCK

Brandt Roo? ng Co

First Industrial

—

Newburgh 59, LLC

Hat? eld, PA

8A

S

Washington Twp., NJ

1500 Industry Rd.

L

Ind

York, PA

1670 Winchester Rd. Bensalem Twp., PA

Ind/Flex

8A

6,150+ s/f

510-1514 S.George

Chambersburg, PA

12,009 s/f

S

—

—

Premium Business Ctr. Reading, PA

Ind

7A

NAI Mertz

CB Richard Ellis

5600 Sunset Pike

3500 s/f

S

On Time Transport

KOR Cos

Gateway View Plaza Pittsburgh, PA

4C 8/13-9/9

393,440 s/f ind/dist

—

Marlton, NJ

355 Eastern Dr.

S

4B

Waste Mgmt of NJ

401 Bordentown Hedding Rd.

Swatara Twp. PA

Whse

4B

8A

—

Westminster, MD

1530-B Bobali Dr.

33,000 s/f

Mixed-Use L

L

Obrecht Realty

433 Hahn Rd.

755 Vogelsong Rd.

Mixed-Use L

1,578 s/f

Ind

Ctr. Associates

9 Newburgh Rd.

1,732 s/f

4B

4B

11,092 s/f

WEST GOSHEN TWP., ParkValley Corporate

Union Cty., NJ

Mixed-Use L

3C

4C

—

Lakeland Industries

—

L

Obrecht Realty

Tsunami Martial Arts

South Heidelberg Assoc NAI Keystone

Bristol, PA

Remax First Choice

—

$11m

4,803 s/f

Ind

Stat Experts

Sinking Spring, PA

6300 Bristol Pike

NAI CIR

—

8650 s/f

Colony Realty Partners Obrecht Realty

Belmont Realty Assoc Obrecht Realty

5C Dutch Court

YORK, PA

—

—

—

Carlisle, PA

—

Salad Creations

PASSAIC, NJ

655 Forge Road

—

Blackstone At The Village —

—

Zarfoss Dr.

S

—

1718 Belmont Ave.

107, Park Valley

Flex

7C

Obrecht Realty

Suites 106 &

—

Landover, MD

PAC Industries

—

Landmark

TSC Realty Services

Month

3C

S

C.F. - P.F.

Fairless Hills, PA

L

602,500 s/f Whse/Dist

Baltimore, MD

Bar Mill Bldg.

—

129,625 s/f Whse

—

260 Frankford Ave

DULUTH, GA

Landmark

S/L

—

Baltimore, MD

and Industrial Pk.

—

Desc.

Carlisle 44 LP

6905 Proctman St.

Voorhees, NJ

Lennox Industries, Inc.

Size

Pritzker Realty Grp Grubb & Ellis and Higgins Dev. Ptrs.

Cushman & Wake? eld

John’s Creek Of? ce

Price

The Bill Gladstone Grp. —

Capital Development

6704 Whitestone Rd. Woodlawn, MD

Rep. of Tenant/ Buyer

Patlin Properties, LLP. The Bill Gladstone Grp. National Waterworks

14301 Mattawoman Brandywine, MD

200 Pk. Dr.

Buyer/ Tenant/ Lessee

Lennox Industries, Inc.

Eagle Village Eagle Village

Rep. of Seller/ Lessor

Conewago Contractors NAI CIR

Key Distribution Ctr. Carlisle, PA 1 Apollo Dr.

Seller/ Owner/ Lessor

JANUARY 15 - DECEMBER 23, 2010

Cupples Products

CBRE

Soccer Dome PGC, LLC SVN/Skogmo

—

—

18,200 s/f

54,062 s/f

Ind

Ind

L

L

7C

7A

16D — May 27 - June 9, 2011 — Industrial / Distribution Centers — Mid

Atlantic Real Estate Journal

MAREjournal.com

INDUSTRIAL REAL ESTATE & DISTRIBUTION CENTERS I N D U S T R I A L S P A C E NORTHEAST PENNSYLVANIA

CENTRAL PENNSYLVANIA

Pittston—55,000 sq.ft., 11 ac, 30’, 8 docks Duncansville—160,000sq.ft. available, at IͲ81/IͲ476 18’, ample docks, heavy power Freeland—154,400 sq.ft., ch to 18’, 12 docks, heavy power—REDUCED Delaware Water Gap—111,740 sq.ft. on 27.51 acres, 100% AC, IͲ80 EXPOSURE

Bellefonte—478,622 sq.ft. on 173.6 ac, cranes, rail, 10MM gpd natural spring, heavy power Clearfield—87,926 sq.ft. on 53.59 ac, 18Ͳ30’, 12 docks, REDUCED!

Mountain Top—84,339 sqq.ft. on 22.8 ac, Hanover—93,778 sq.ft. on 9 acres, 26’ 10 light cranes, heavy power, near IͲ80/IͲ81 dock doors, rail siding

Crowe road, eaSt StroudSBurg Monroe County, Pa

639 graMMeS rd., allentown, Pa

244,500 SF fabrication facility on 23+ acres, industrial park setting, rail service, multi-cranes serviced, 30’ high ceiling, 480 volt 2000 amp 3 phase electric, well maintained building. Minutes from NJ State Line. Sale terms offered.

61,000 SF light manufacturing facility within ½ mile of an I-78 Exit. Features include: Fenced lot, 6+ acre lot, 2,500 SF office-showroom area, cross-dock loading doors, wellmaintained bldg., and 3 divided sections. Sale and lease terms offered.

Queen City BuSineSS Center allentown, Pa

421 SChantz rd. allentown, Pa

Hometown—65,160Ͳ98,000 sq.ft. lease or Havre de Grace, MD—167,270 sq.ft. on entire 153,920 sq.ft. sale w/income, 25.63 ac, 16’Ͳ28’ rail siding, EASY ACCESS 3000 A power, 18Ͳ26’ TO IͲ95 REDUCED!! Mountain Top—105 acres, all utilities, rail HART CORPORATION

INTERNATIONAL INDUSTRIAL REAL ESTATE NEW HART CORPORATION

Dave Beal 215.322.5100 dbeal@hartcorp.com

Up to 75,000 SF of contiguous space available in this 260,000 SF multi-tenant complex. Features include: Flexible suite sizes, located within 1 mile of Lehigh Street, several truck dock loading doors, Designated Enterprise Zone. aggressive lease rates.

24,600 SF free-standing bldg. on 5.1517 acre site, 18’ ceiling height, overhead cranes, 1000 amp 480 volt 3 phase electric, public utilities, tailgate and drive in loading. lease terms offered.

Mid-Year Review June 24, 2011 Deadline June 10th

routeS 191 & 33, StoCkertown, Pa 602 S. 10th St., allentown, Pa

This special edition will spotlight topics such as:

• New laws, regulations, and policies relating to buying, I selling and leasing commercial real estate • Dealing with employee issues Interested • New tax laws and regulations • Real Estate Exchanges and TIC in writing an • Environmental • Security article on your area • Industry Trends of expertise, please • Technology I • New Products call 800-584-1062 • Industry Analysis • And More to reserve

Mid Atlantic Real Estate Journal 781-871-5298 x 203

your topic I

126,000 SF building available. Features include: 18’- 25’ ceiling height, drive-in & dock loading doors, public utilities to site, subdivided units, 3-phase electric service. lease and Sale terms offered.

80,000 SF available in this large industrial complex. Features include 40’ ceiling height, 1200 amp 480/277 volt 3 phase electric, 3 drive in doors, fenced property, public utilities, dry sprinkler system, four crane assemblies. Within 4 miles of I-78 via Lehigh Street Exit. lease terms offered.

6969 Silver CreSt rd., Bath, Pa near interSeCtion of eMMauS ave. 65,000 SF warehouse/call-center facility. & i-78, allentown, Pa Features Include: 9 truck dock doors, 1 oversized drive-in door, 10,000 SF turnkey office area, 24’-31’ ceiling height, climate controlled in 24,000 SF section, UPS generator system, well-maintained building within 4 miles of Rt. 22. Sale and lease terms offered.

274,000 SF manufacturing plant. Features include: 15+ acre lot with I-78 visibility, 12KVA electric service, 19 truck dock doors, paving around entire bldg., fenced property, can subdivide for tenants, low operating expenses, well-maintained property. Sale or lease.

MAREjournal.com

Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 27 - June 9, 2011 — Inside Back Cover D

WE HAVE OVER 15 MILLION SQUARE FEET OF INDUSTRIAL PRODUCT ALONE, AND LAND TO BUILD ANOTHER 7.4 MILLION SQUARE FEET IN THE LEHIGH VALLEY AND HARRISBURG MARKETS

THE NORTHEAST DISTRIBUTION SOLUTION • Liberty Property Trust is one of the leading providers of industrial real estate in the Northeastern United States • We provide a single source solution for all types of industrial and distribution projects • We understand the science of supply chain management and we work with our customers to devise real estate solutions exibility • Liberty can quickly assemble the talent and capital to complete industrial projects of any size or complexity • Over 35 years of experience in development, management & marketing of commercial real estate • 186 build-to-suits completed and over 63 million square feet developed • A land bank of 1,974 commercially-zoned acres • Liberty has over 24 million square feet of industrial space on hand and more than 500 acres secured for future development in PA, MD and NJ alone • Awarded ULI’s 2009 Award of Excellence, NAIOP’s 2008 Developer of the Year Award and CoreNet Global’s 2008 Sustainability Leadership Award for Design & Development

BUILDING GREEN, BUILDING SMART • Pioneer of high-performance, green development and management: ed warehouse facility constructed in Lehigh Valley, Pennsylvania at 920,400 square feet • 38 LEED projects completed or under construction, more than any other commercial developer • 6 BREEAM projects completed or under construction in the United Kingdom

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www.libertyproperty.com Arizona • Carolinas • Florida • Illinois • Maryland • Minnesota • New Jersey • Pennsylvania • Texas • Virginia • Washington D.C. • Wisconsin • United Kingdom

Back Cover D — May 27 - June 9, 2011 — Industrial / Distribution Centers — Mid

Atlantic Real Estate Journal

MAREjournal.com

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NJPA M A ID

GREEN BUILDING

TLANTIC

REAL ESTATE JOURNAL

Section E of the Mid Atlantic Real Estate Journal

E Inside Cover — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

MAREjournal.com

THE VERY BEST

START FOR

YOUR PROJECT The first step you take in an energy efficiency project can make all the difference. So start smart with NJ SmartStart Buildings from New Jersey’s Clean Energy Program. Why? Because you’ll receive sizeable financial incentives for qualifying equipment and custom measures. Incentives that can offset some– or even all– of your project costs. Once installed, the energy savings will flow right to your bottom line, year-after-year.

FINANCIAL INCENTIVES AVAILABLE New Jersey’s Clean Energy Program™ offers an extensive collection of comprehensive initiatives that make energy efficiency more accessible than ever. You’ll save up front through sizeable financial incentives and down the line with dramatically reduced utility bills.

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11-T1-339 Mid-Atlantic 10.25x13.25.indd 2

5/3/11 2:57 PM

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 1E

3RD ANNUAL GREEN BUILDINGS SUMMIT

Haftek CWS Safe. Responsible. Enviromentally Friendly. Keep Your Job Sites — And Your Bottom Line — Looking Good

www.haftekcws.com Haftek CWS’ primary product is a patented concrete washout system that controls, captures, and contains all concrete washout wastewater and material. The service that Haftek CWS offers are safe, responsible, and environmentally conscious alternatives to the old worksite concrete washouts.We utilize a cost effective and enviromentally friendly alternative to concrete washout sites and are on the leading edge of becoming the industry standard in concrete washout removal and recycling.

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2E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

MAREjournal.com

3RD ANNUAL GREEN BUILDINGS SUMMIT By Barbara E. Doyle, EnerLogic

Revolutionary window film hits the market & makes other window films green with envy

E

nerLogic , part of the Solutia Performance Films Group’s family of window film products, is the new kid on the block, and CGT, Inc. of Union, NJ is pleased to welcome this film to its arsenal of win- Barbara Doyle dow films it has used in its over 28 years of expert film application experience. CGT, Inc. of Union, NJ only aligns itself with the best products on

Window Film: x x x x x

Reduces Glare Reduces Heat Increases Security Increases Safety Saves Money

See what window film can do for you!

the market. This patent pending, low-e window film, which took 17 years to develop, works year round to deliver energy savings to consumers’ glass insulation, which delivers significant saving to a consumer over window replacement, as window film is installed at a fraction of the cost of installing new windows. The EnerLogic Series is the latest addition to the Vista line-up of architectural window films, and the film adds up to 92% more insulating power to existing commercial and residential window glass.– im-

proving energy efficiency in every season. This tops any existing window film currently on the market. Traditional window films reflect the heat out which delivers a significant energy savings benefit during the summer. EnerLogic does traditional window film one better as it helps keep the heat outside in summer and inside in winter, which delivers cost saving energy efficiency for the consumer. In basic terms, this film will deliver double paned insulation power to single paned glass and triple paned

insulation power to double paned glass, a truly remarkable innovation in window film application. Considering that windows typically account for 15 to 30 percent of a building’s total heating bill and more than 30 percent of a building’s total cooling cost, EnerLogic can significantly reduce energy consumption, boosting the profitability in the operation a business and putting more money in the pocket of a residential consumer. Apart from that, this film, promises fade and glare reduction as well as being 99.9% UV

www.cgtinc.com Window film installation specialists with over 28 years experience.

WE DO IT RIGHT CALL TODAY FOR A FREE ESTIMATE!

protective. This is truly a green product. When Edward Gunia, President of CGT, Inc. was asked why he is so excited about this product he stated, “Twenty years ago, everyone was talking about how we SHOULD think about controlling energy consumption. Now, the “should” has become a MUST. Being in this business and being part of the energy conservation solution is gratifying to say the least. There is something rather exciting about the prospect of helping to preserve a way of life for future generations by being able to introduce customers to the value of EnerLogic window film.” It should be noted that, EnerLogic is NFRC (National Fenestration Rating Council) rated. CGT, Inc. of Union, NJ, which serves the tri-state area and beyond, has all the information one may need regarding this new window film application and its potential benefits, including but not limited to, the manufacturer’s warranty and whether a specific application is eligible for energy rebates and LEED certification points. To garner this information, contact CGT, Inc. of Union, NJ, where estimates are always free, and customers are serviced seven days a week. Barbara E. Doyle, EnerLogic. ■

Green Buildings a section of the

Mid Atlantic Real Estate Journal P.O. Box 26, Accord, MA 02018 781-871-5298 • 800-584-1062 fax 781-871-5299

MAREjournal.com

Section Publisher Joe Christman jchristman@marejournal.com

Publishers Linda Christman lchristman@marejournal.com

Dianna Mallozzi dmallozzi@marejournal.com

Elaine Fanning efanning@marejournal.com

Section Editor Karen Vachon kjoy@marejournal.com

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 3E

3RD ANNUAL GREEN BUILDINGS SUMMIT

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4E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT Final Flat Roof

New York & New Jersey 2011 Green Roofing System inal Flat Roof was determined to change the industry and as a result, created an environmentally friendly roofing product. FFR-K1 is the only one part Kevlar infused thermo-set bonding agent in the world. It is the only roof system that can be installed under water and in subfreezing conditions. Our moisture & UV cured thermo-set has performed in the harshest conditions for over 15 years. Developed in 1950s’ as a thermo-set roof coating, the thermo-set resistance in the coating performs

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good for the environment. Our product uses no petroleum but contains high reflective and emissive properties, and its performance reduces both Global Warming and heat island effect. Furthermore, by restoring your roof and extending its life, there is no waste that would generally come from roof tear offs, and thereby, reducing the amount of toxic waste in our landfills. Besides extending a roof ’s functional life for up to 20 years, it also encapsulates the toxins in both metal and petroleum roofs to help protect our storm water aqueducts. FFR complies with federal and state executive orders in regards to the environment. Often, budget-friendly choices are not budget conscious. What makes Final Flat Roof such a great deal for the building owner is that it is both eco-friendly and budget friendly. Recognized as top 81 money-saving products in 2010, our roof system cost about 40 to 60% less than a reroof. Our product is Energy Star Registered because it reduces utility consumption by as much as 40%. In addition, FFR can turn temporary repairs into a permanent roof solution over four years giving customers time to pay for their roof and most importantly, FFR is often tax deductible. Final Flat Roof has started a roofing revolution with over 150 project consultants and 75 certified installers to service your roofing and water proofing needs. FFR has four regional distribution centers and 36 locations nationwide, and 5 international distributors to assist with projects overseas. Our goal is to provide our customers with a product and a service that will exceed all of their expectations while helping the environment at the same time. ■

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 5E

3RD ANNUAL GREEN BUILDINGS SUMMIT

6E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT By Howard Fortunato, CGP, LandmarkJCM

To LEED or not to LEED: The NGBS Alternative Certified Green Homes & “Green for Green”

W

hen developing a “green” residential product, you have a choice to make. C h o o s e LEED or the National Green Building Standards (NGBS). E a c h i s a Howard Fortunato credible, green rating system with some degree of oversight and third party verification; however, NGBS is considerably

more economical and flexible and that is reflected in the real world data. In spite of the lackluster housing economy, Delaware is getting a boost from increasing green certified home sales and a State-sponsored homebuyer rebate program for buyers of green homes. This rebate program applies to both LEED and NGBS certified homes constructed and sold in the State of Delaware. In one county in Delaware, New Castle, there was a 29 percent increase in building

permits between 2009 and 2010 and yet the number of green certified homes rose by 400 percent . This represents a jump from 3 percent of all homes built in the county certified green in 2009 to 10 percent in 2010. Delaware has the distinction of the first gold certified home in the Nation and ranks 4th in the Nation in green homes certified under the NGBS per capita which represents almost 200 homes compared to less than five certified under the LEED program.

Clearly, certified green homes are becoming a larger part of the homebuilding picture and the National Green Building Standard is leading the way. Homebuilders have recognized the value of using the NGBS over LEED because of the ease of use, flexibility and reasonable costs associated with the Standard. Buyers are clearly recognizing the value of certified green homes with regard to energy and water savings and they are being rewarded through participation in

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a State sponsored rebate program “Green for Green” (G4G). G4G rebates range from $3,000 to $6,000 depending on the level of certification. Silver-rated certified homes, which are constructed to be 16 percent more energy efficient than homes built to the State’s energy code, earn $3,000 rebates. At the other end, an Emerald-rated home, which will be constructed to be about 45 percent better than the energy code, earns a $6,000 rebate. Besides energy efficiency, a certified green home must demonstrate, through independent verification, water efficiency, improved indoor air quality performance and resource efficiency before being certified. This also results in 20 percent or greater reductions in carbon emissions over a typical “codebuilt” home. Additionally, the home site must respect the surrounding environment, and the homebuyers must receive green educational tools to help understand and maintain their certified green home. All of this has helped to make the G4G program a resounding success. Last year, 16 homes in Delaware received rebates in the program, which did not launch until June 2010. Through April of this year, 18 homes have already settled, and another 45 are approved and awaiting settlement in 2011. LandmarkJCM’s Accredited Verifiers are the third most active verifiers in the nation and have contributed to the dramatic increase in green homes from 2009 to 2010. Clearly, homebuyers are seeing the value of buying new homes and certified green homes over existing homes and the National Green Building Standard has become the green rating system of choice in this marketplace. Howard Fortunato is an associate of LandmarkJCM and is a Certified Green Professional (CGP) under the National Green Building Standard. He leads LandmarkJCM’s Green Systems Division from the integrated Science and Engineering consulting firm’s New Castle, DE office. ■

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 7E

3RD ANNUAL GREEN BUILDINGS SUMMIT By Cynthia BarBer Gale, BarberGale Group

So what is a Brand with a capital B, anyway (as in a Certified B Corporation)?

A

nd what’s their relevancy to the Green Built Environment? In this new economy and on this new “eaarth,” for brands to succeed – like building themselves – they must Cynthia be relevant, p r o f i t a b l e BarBer Gale and sustainable. And, like buildings, brands need to save costs over time, increase in value, be competitive, all while solving social and environmental problems. In a nutshell, Certified B Corporations are LEED certified businesses, they are a new type of corporation, which uses the power of business to solve social and environmental problems. What was that about this new “eaarth?” And no, it’s not a typo; we intend to spell eaarth with two ‘a’s. Consider Bill McKibben’s latest book “eaarth.” He makes the case that Science had been saying mitigating climate change is up to us. But the latest Science? Turns out, it was up to our parents, yes, that greatest of generations who had little proof of what prior generations had set in motion. In “eaarth” McKibben put two ‘a’s in our planet’s name, as a metaphor for renaming the one we inhabit now, since it has been so fundamentally altered. “And now—well we’re in the middle of trouble. The waves are already breaking over the levee; the methane is already seeping out of the permafrost: the oil wells coming up dry. It’s going to be a little late.” 1Beyond his litany of sober facts, we have to work to mitigate climate change’s most severe impacts. But how? With transformation of an unprecedented speed, we have to cut carbon emissions by 40 percent by 2020. One major solution to meeting this goal is our buildings. They will be playing a huge part in this transformation, and have to, quickly. Therein lies a place for us to focus and thrive, and not be consumed by the daunting job upon us. The USGBC has been on the case for over 17 years. The commercial green building wave it produced proved the business case to the entire market. Propelling it were many like-

minded folks with a collective desire to match our workplaces with our values — for many today, it‘s no longer about just making a buck. The commercial green building wave has spilled into residential building and into broader consumer awareness. I recall Rick Fedrizzi at Greenbuild 2008 announcing – with a huge sigh of confidence and what seemed like relief – that “green is now mainstream.” What have also emerged from the commercial green built environment movement, are some very powerful brands.

Equally as powerful as the buildings themselves, if not more so, these brands are like butterflies, which have burst onto the market, built on the same responsible values as our wonderfully sustainable buildings. These brands evolved from what global architect Bill McDonough calls the “old Industrial Revolution,” a finite linear “take, make, waste” system. Bright new ones will thrive in what McDonough and Paul Hawken call the “NEXT Industrial Revolution,” one that “recognizes the natural

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world as the unrivaled model for human designs.” A few brands that come to mind are Interface, Autodesk, and IceStone. Interface is a prime case study for the “next Industrial Revolution, spurred by “radical industrialist” Ray Anderson, proving that an old industrial based company can transform to produce better products and brand value, without compromising the environment. Autodesk has been an enormous sponsor of the USGBC and major innovator in the green built environment. Their commitment and contribution to sus-

tainability and environmental performance can be seen in their Sustainability Reports, as well as their GRI Index. IceStone, a smaller company comparably, is no less committed to a robust triple bottom line of social, environmental, and financial returns. This commitment to sustainability is the common thread that sets these brands apart. IceStone is one of 410 of this new breed of businesses that are Certified B Corporations, which have met certain environmental, fiscal, and social – otherwise continued on page 18E

8E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT Continuing dedication to environmental sustainability with forward-thinking measures

Russo Development completes solar system installation at Carlstadt office headquarters usso Development, a Carlstadt, NJ based owner and developer, has installed a 102kW photovoltaic solar electric system atop their office headquarters. The system was designed, Michael engineered Pembroke and installed by Unity International Inc. and incorporates US manufactured, SolarWorld 245

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watt solar module panels and Sunlink mounting hardware. The system, completed in March, is currently offsetting an estimated 50% of Russo’s electricity expenditures. Russo intends to continue its Jo Ann sustainabilDiGiacomo ity measures with plans to deploy close to 2 megawatts of solar systems over the next year. The head-

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forty

years,

Russo

Solar panel system atop Russo Development’s Carlstadt Headquarters Photo courtesy of: Unity International Inc.

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A planned multifamily community development consisting of 374 apartment units in Lyndhurst, New Jersey

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5 7 0 C O M M E R C E B O U L E VA R D C A R L S TA D T , N J 0 7 0 7 2

“Russo Development is committed to environmental sustainability,’’ said Michael Pembroke, senior vice president of leasing and marketing. “We are constantly striving to incorporate green principles into our business practices. Utilizing solar energy in our own office was the next logical step in those efforts.” The company has already taken significant measures to foster a more eco-friendly office environment and corporate culture through installing occupancy light sensors in common areas, reducing light, water and electrical consumption and decreasing paper and plastic waste. Russo Development is involved with the US Green Building Council and has been publicly recognized as a “Green Leader” by the New Jersey Meadowlands Commission.

CURRENT DEVELOPMENT PROJECTS 140 STATE

quarters system is a pilot program in anticipation of the broader initiative.

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Russo is also seeking LEED certification on all current and future building projects, including the Macy’s Parade Studio currently under construction in Moonachie, NJ, and conveys the advantages of energy efficiency measures to current tenants. “We want to emphasize to our tenants the importance and value of environmental best practices,” said Jo Ann DiGiacomo, vice president of property management. “We continue to assist them in adopting new technologies that will increase their bottom line and maintain the strong, long-term value of our buildings.” ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 9E

3RD ANNUAL GREEN BUILDINGS SUMMIT The Gruskin Group

10 tips for retailers on USGBC’s Volume Program

S

PRINGFIELD, NJ — For largescale retailers seeking USGBC (U.S. Green Building Council) LEED certification for t h e i r b r i c k Kenneth Gruskin and mortar locations, being “green� has become a little easier, according to experts at Gruskin Group, an integrated retail design firm. “Until recently, many organizations committed to going ‘green’ faced a costly and repetitive submission process to attain LEED certification for their property. To address this, the USGBC developed the LEED Volume Program, which allows companies that have prototypical buildings with similar designs to apply for LEED certification in bulk,� said Kenneth A. Gruskin, AIA, principal and founder of Gruskin Group. “This can save many kinds of businesses significant time and money over the current, individualized process.� To help retailers understand how the Volume Program works and whether they can or should take advantage of it, Gruskin offers the following tips: 1. Determine whether the project lends itself to the Volume Program: Most chain-type facilities that utilize a standard building or facility design, such as retailers, restaurants, convenience stores, banks and gas stations, are prime candidates. 2. Know how the program works and how it differs from the current process: Instead of submitting stores individually, the Volume Program allows retailers to submit stores in batches, which precludes repetitive registration and review costs. This simplifies the submission process, as most locations will be pre-certified within their prototype. Retailers can also have the commissioning process carried out by their own quality control or construction management teams rather than their LEED and design consultants. Individual facilities, however, would be subject to spot checks by USGBC inspectors. 3. Know what is in a LEED Prototype Document: Since the

USGBC requires technical and managerial uniformity across the organization’s portfolio, retailers need to prepare a LEED prototype document that represents the baseline standard, including a detailed description of quality-control processes and employee training curricula, as well as a threshold range for mechanical units, approved manufacturers and typical installation requirements. 4. Ensure that adapting to the new standards will not alter the stores’ brand and customer experience: If build-

ing a “green� store in some way undermines the brand or customer experience, then only “green� elements that do not cause negative impacts should be included --even if it means a store cannot ultimately be LEED certified or included in the Volume Program. 5. Maintain uniformity: Lack of uniformity could call into question all of the stores certified under the Volume Program and possibly lead to fines or a suspension of the prototype’s LEED certification. 6. Build around the compa-

ny’s inherent culture and existing processes: The design team should take existing standard procedures and shift them towards the LEED certification criteria, rather than try to build them from scratch. 7. Incorporate easily reproducible “green� features into the prototype design: Lighting, plumbing, materials and furnishings, for example, can be reproduced easily and consistently over a broad range of localities, while more elaborate systems like green roofs, daylighting strategies, rainwater

systems and on-site power generation may require more consideration regarding their feasibility and lifecycle costs. 8. Set performance criteria for site-specific items: The prototype design should establish criteria for site-specific items such as mechanical systems and exterior/site elements to ensure the action plan meets the retailer’s quality-control and management requirements, as well as LEED standards. 9. Establish one architecture continued on page 18E

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10E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT - 2011 SPEAKERS Caren S. Franzini has served as Chief Executive Officer of the New Jersey Economic Development Authority (EDA) since January 1994. The EDA is a State agency that serves as New Jersey’s “bank for business” by financing small and mid-sized businesses, administering tax incentives to retain and grow jobs, revitalizing communities through redevelopment initiatives, and supporting entrepreneurial development by providing access to training and mentoring program She joined the Authority in March 1991 as Deputy Director. Under Franzini’s direction in 2010, the EDA finalized over $567 million in financing assistance, state business incentives and tax credits, which supported more than $1.4 billion in total public/private investment in the state’s economy and led to the creation of an estimated 5,200 new jobs. These 2010 results brought the EDA’s cumulative financing assistance totals to more than $20.8 billion since its formation in 1974, supporting the creation of nearly 310,000 new jobs and total investment surpassing $44 billion. Franzini currently serves as Chair of the state’s Urban Enterprise Zone Authority, Vice Chair of the New Jersey Schools Development Authority, and President of the Corporation for Business Assistance in New Jersey. She also is a member of the Board of Directors and is the past president of the National Council of Development Finance Agencies and sits on the boards of the New Jersey Technology Council, the New Jersey Chapter of the National Association of Industrial and Office Properties (NAIOP), the New Jersey Alliance for Action, Inc., and the Southern New Jersey Development Council, and the Aviation Research Technology Park. She was most recently appointed as a Member of the State Planning Commission. Franzini has been widely recognized for her contributions to business growth and economic development in the state. She is a past recipient of the New Jersey Chapter of NAIOP’s Industry Service Award, the New Jersey Technology Council’s John H. Martinson Technology Supporter Award, the New Jersey Business & Industry Association’s Paul L. Troast Award for her commitment to improving the state’s economy, and the Wharton Club of New York’s Joseph Wharton Award for Social Impact. She has also been honored with the Pinnacle Business Advocate Award from the Chamber of Commerce Southern New Jersey and the Distinguished Achievement Award from the Southern New Jersey Development Council. She was inducted into the New Jersey High Tech Hall of Fame in 2006 for her many contributions to the state’s technology industry. Prior to joining the Authority, Franzini was an Assistant State Treasurer with the New Jersey Department of the Treasury. Before that, she was employed in the Finance Division of the Port Authority of New York and New Jersey and with Public Financial Management. Franzini holds a Bachelor of Arts degree in Urban Studies from the University of Pennsylvania and a Master of Business Administration degree in Finance and Public Management from the Wharton School of the University of Pennsylvania.

Michele T. Tantalla focuses her practice on environmental related issues and has assisted in matters involving site remediation, federal and state cost recovery and contribution claims, natural resource damages, insurance coverage and regulatory and compliance issues, and has extensive knowledge of state and federal regulations. Using this knowledge base, Tantalla assists clients with investigation and remediation activities, permitting and compliance with state and federal environmental laws and regulations. She works with state and federal regulators on projects requiring environmental permitting and has represented parties challenging adverse rulings by regulators. As an active litigator in state and federal courts, Tantalla has represented clients in a variety of matters, including commercial disputes, product liability claims, mass litigation, as well as environmental litigation, regulatory and compliance matters. Tantalla received her Juris Doctor degree and Master of Studies in Environmental Law from Vermont Law School. While attending law school, Tantalla served as a Managing Editor of the Vermont Law Review. Upon graduation, from 2000 through 2001, she served as Law Clerk to the Honorable Eugene D. Serpentelli, Assignment Judge, Ocean County, Superior Court of New Jersey. Tantalla joined Connell Foley in 2001. James P. Rhatican, Partner, Roseland Office, Connell Foley LLP James P. Rhatican represents primarily developers of real estate, both in the acquisition and sale of properties and in the permitting, financing and development process. He is experienced in acquiring, selling and developing properties of all sorts. Rhatican has represented parties impacted by adverse environmental conditions at a property, including Superfund sites and the due diligence and ISRA issues associated therewith. He has represented numerous redevelopers of blighted properties and has assisted clients in obtaining tax abatements and public financing for such projects. Rhatican also has worked with various other state and local regulatory agencies on a variety of projects, including those impacted by Highlands, wetlands, Meadowlands, CAFRA and waterfront development and other regulations. He also has obtained subdivision, site plan and related permits and approvals for projects of nearly every size and character throughout the State. In this regard, Rhatican has represented projects ranging from industrial to retail and office uses, as well as housing projects and others. He is also a litigator, specializing in disputes arising from real estate transactions, regulatory takings and eminent domain. Mark Warner is a nationally recognized expert in the solar industry, and is a founding member of the NJ solar market. He has been a featured speaker at local, national, and international events, and has served on numerous renewable energy panels nationwide. Warner has worked closely with the NJ Legislature and the Governor’s office on NJ solar market policy, and has been a long term member of the Renewable Energy Committee that advises the BPU on the solar mar-

ket program. He has been particularly active in the development of the NJ SREC market, and is widely known for his involvement in the development of the standardized SREC contracting market. Warner served on the board of directors for the regional solar industry association (MSEIA) for four years, and was the NJ-chapter president in 2007. He has received several awards for his contributions to the solar industry including the NJ BPU’s Market Leader Award for Innovation in 2008, and by GreenFaith in 2007. He has a BS and MS in Mechanical Engineering from Georgia Tech, and has lived in NJ since 1994. Warner is the founder and CEO of the Sun Farm Network. James V. Mascaro joined DP Partners as Eastern Regional Development Manager in 2005. Mascaro focuses on development of DP Partners’ projects that currently include the LogistiCenter at Logan in southern New Jersey and the LogistiPort at Savannah, located in Pooler, GA. He also manages design and construction teams for base building shells and tenant buildouts, as well as contributes as an active member of the leasing team. In 2009, he was promoted to Development Director. Prior to joining DP, Mascaro spent eleven years with MT Consulting, LP of Bryn Mawr, PA and O’Neill Properties Group, LP, working on national, regional and local commercial projects. With experience in leasing, development and construction, Mascaro has proven communication and organizational skills along with a wide range of relationships with contractors, brokers, design professionals and government personnel. Mascaro is a member of the Delaware Valley Green Building Council, the American Planning Association (APA), the Building Officials and Code Administrators (BOCA), and the Pennsylvania Association of Code Officials (PACO). A Pennsylvania licensed real estate salesperson, he is a Leadership in Energy and Environmental Design Accredited Professional (LEED-AP), holds the designation of Construction Document Technologist from the CSI and is a Certified Commercial Investment Member (CCIM). He serves his home community of Springfield Township (Montgomery Co, PA) as Vice-Chairman of the Planning Commission, as a member of the Construction Code Board of Appeals and as Chairman of the Black Horse Inn Advisory Committee, a citizens group advising the township Board of Commissioners. He also is a member of the Greater Philadelphia, Gloucester County (NJ) and Savannah Chambers of Commerce. William Amann, P.E., LEED AP is the President of M&E Engineers, and has over 30 years of experience in energy syste He has worked as a mechanical contractor in manufacturing, and as a pharmaceutical plant engineer. He is a licensed Professional Engineer, a LEED Accredited Professional, and a Data Center Energy Practitioner. He is an expert in both mechanical and electrical engineering, and has used energy modeling and analysis as a design tool since the early 1980s. M&E Engineers is a full-service engineering consulting firm. M&E stands for mechanical and electrical, and the focus has always been on high-performance

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 11D

3RD ANNUAL GREEN BUILDINGS SUMMIT - 2011 SPEAKERS buildings, especially telecommunications, data centers, and pharmaceuticals. The company has participated in a number of LEED Certification projects, as well as Energy Star Buildings. Several recent projects have achieved LEED Certification, including several Silver and one Platinum. Jason Kliwinski, AIA, LEED AP, BD&C/O&M is a highly recognized and accredited professional in the field of Sustainable Design. He has been greatly involved in the restoration, preservation, and adaptive reuse/renovation of existing facilities as well as the creation of new environmentally responsible buildings. As Director of Sustainable Design, Jason is incorporating the principles of “green” building throughout the office and its projects while fulfilling the firm’s mission of being on-time and within budget. Jason is the AIA-NJ President-elect for 2009 and a co-founder of the United States Green Building Council New Jersey Chapter (USGBC-NJ ), a frequent speaker for such organizations as New Jersey Higher Education Partnership for Sustainability (NJHEPS) and SCUP, and serves as the First Vice President and Chair of the Committee on the Environment for the New Jersey Chapter of the American Institute of Architects (AIA - NJ). Nicholas J. Kikis is the Director of Regulatory Affairs and Research for the New Jersey Apartment Association. The NJAA represents professional multifamily rental housing providers, including owners, managers, developers, and associated businesses throughout New Jersey, and is the only statewide housing advocacy trade organization dedicated to maintaining, improving and building affordable rental housing for New Jersey’s working families, young couples and seniors. Nicholas regularly works with legislators, policymakers, and regulators to advance policies that promote the availability of safe, decent, and affordable multifamily housing. Nicholas oversees the Apartment Association’s regulatory policy agenda, as well as its public policy research activities. He has written on various topics, including a recent article in Apartment Industry Magazine on immigration trends in rental housing, and a 2007 report on the state of municipal rent control regulations in New Jersey. Nicholas attended Case Western Reserve University for undergraduate studies in political science and history, and McGill University for master’s studies in political science. Andrew Hathaway, LEED AP Steve Winter Associates, Inc. Hathaway was the first LEED Accredited Professional in New York and the sixth in the United States. Currently, Andy is the Director of Sustainability Consulting for Steven Winter Associates, a firm that has been helping built projects achieve energy efficiency and high performance benchmarks for over 39 years. In addition to his seven years with SWA, he has also worked for HOK and Davis Langdon in New York. Andy has ten years experience working with LEED on a wide variety of building types including transportation, healthcare, education, multi-family and commercial office

spaces. Andy is currently working on several LEED projects including an Academic Building renovation for Johns Hopkins University, the Elmhurst Branch Library in Queens, NY and the 58 Washington Square South project for New York University. He is a graduate from the Department of Architecture and Environmental Design at Parsons School of Design in Manhattan. Jeanne Schubert Barnum, cochair of her Firm’s Construction Industry Practice Group, is a trial lawyer with more than 25 years of experience representing developers, business owners, landlords, lenders and municipalities in a wide variety of business, commercial, environmental and creditors’ rights litigation. Barnum is a member of the American Bar Association Construction Litigation Committee and co-chairs its Green Building and Renewable Energy Sub-Committee. She is also a member of the New Jersey Bar Association’s Renewable Energy, Cleantech and Climate Change Committee and its Construction Law Committee where she serves as one of its Delegates to the NJBA General Council. Barnum also counsels clients on shifting risk and litigation prevention. She has an active dispute resolution practice and is an arbitrator for the Federal Court for the District of New Jersey, as well as a New Jersey court-certified mediator. She is an associate member of the USGBC-NJ Chapter and serves on the Cherry Hill Township Environmental Advisory Committee. Barnum received her J.D. from the Dickinson School of Law of the Pennsylvania State University and her B.A. from Wilson College, graduating magna cum laude. Laurie Actman serves as the Director of Strategic Partnerships and Public Policy for Viridity Energy. She joined Viridity in March 2010 after serving as a consultant for two years to Philadelphia Mayor Michael Nutter, helping to launch the Mayor’s Office of Sustainability and the Metropolitan Caucus. Her work through both those efforts helped lead to the region’s success in winning a $25 million Recovery through Retrofit grant from the U.S. Department of Energy for regional commercial and residential energy efficiency and retrofit activities. Prior to working for the City of Philadelphia, Actman served as the Chief Policy Development Officer for the CEO Council for Growth and Select Greater Philadelphia, economic development affiliates of the Greater Philadelphia Chamber of Commerce, where she pursued policy initiatives to improve the City and region’s infrastructure, fostered increased technology transfer and commercialization and improved the quality of the region’s workforce. She has worked with several noteworthy Philadelphia organizations including the Central Philadelphia Development Corporation and Greater Philadelphia First. Act-

man began her career in Washington, D.C. with The Brookings Institution and the Rails-to-Trails Conservancy. Actman holds a Master degree in Regional Planning from University of North Carolina, Chapel Hill and a Bachelor of Arts degree from Washington University, St. Louis. Brad A. Molotsky, Executive V.P. & General Counsel Brandywine Realty Trust Brad A. Molotsky (age 46) is the Executive Vice President, General Counsel and Secretary of Brandywine Realty Trust a NYSE listed, real estate investment trust. He is also running Brandywine Environments, our portfolio-wide sustainability initiative. Brandywine specializes in the ownership, management, leasing and development of class-A commercial office properties in selected markets throughout the United States, owning over 25 million square feet of office product. Molotsky joined Brandywine as General Counsel and Secretary in October 1997. Prior to joining Brandywine, Molotsky was a commercial transactions attorney at Pepper Hamilton LLP in Philadelphia, Pennsylvania. Molotsky is a member of NAREIT and the Real Estate Roundtable – Sustainability Taskforce, the Philadelphia Real Estate Council, the Philadelphia Development Workshop, the Urban Land Institute, the Delaware Valley Green Building Council, the New Jersey Green Building Council, and the Sustainability Roundtable, Inc.. Molotsky is also a board member of Committee of Seventy, the Walnut Street Theatre, the Jewish Federation of Southern NJ, the JCC of Southern New Jersey, and serves as President of Jewish Community Properties, Inc. He is a also a member of the University of Pennsylvania’s Wharton School Zell/Lurie Real Estate Center and of NAIOP. Molotsky has been elected to membership in the American College of Real Estate Lawyers and the American College of Mortgage Attorneys and he serves on the Advisory Board for the Northern Home for Children, for CARES and for the World Affairs Council of Philadelphia. He has also been selected as a Pennsylvania Super Lawyer each year since 2004 and has been accepted to Cambridge Who’s Who among Executives, Professionals and Entrepreneurs, Biltmore Who’s Who as well as Strathmore Who’s Who from 2004 to the present date. He is a frequent lecturer for the American Law Institute and the American Bar Association on various topics including leasing, REITs and mergers and acquisitions. Molotsky received a B.S. in Accounting from the University of Delaware graduating cum laude and an MBA/JD from Villanova University’s School of Law and the College of Business and Finance with cum laude distinction. Molotsky is happily married with three children ranging in ages from 17 to 10. Darren Molnar-Port Green Building Administrator, Code Specialist, State of NJ, Div. of Codes and Standards Darren Molnar-Port currently serves as the Green Building Administrator for the NJ Department of Community Affairs - Division of Codes and Standards. He draws from nearly twenty years of environmental responsive design and building experience to provide technical assistance and policy recommendations on energy efficiency, green building and greenhouse gas reduction. He is responsible for reviewing the states green building standards and other programmatic and technical provisions related to energy efficiency and green building legislation and initiatives.

Registration Info: WWW.MAREJOURNAL.COM or 800-584-1062 x 203

12E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT Earning a LEED Gold Certification and Two Energy Star Ratings this spring

Liberty Property Trust celebrates three “green” achievements

74 W. Broad Street been recognized with Energy Star certifications. “These three projects are representative of our commit-

ment to infuse sustainable design and property management across our portfolio,” said Bob Kiel, senior vice president, Liberty Property Trust. “Our focus is on more than the steps needed to save energy, reduce water use or recycle; it’s on delivering value to our tenants, whether they be in industrial or office buildings, new properties or renovated buildings.” At Liberty’s regional office, numerous steps were taken to develop a sustainable environment. From the start,

more than 75% of all construction waste was diverted from disposal for recycling. Other efforts included (but were not limited to) the use of all “low-emitting” materials, including paints, adhesives and flooring; the application of light sensors, unique daylight harvesting systems and 97%+ Energy Star equipment and appliances to save energy consumption; and the use of water saving fixtures and native plants that require little watering to reduce water consumption.

Two Warehouses Earn ENERGY STAR for up to 69% Greater Energy Efficiency The Energy Star logo is familiar to most consumers as it marks items such as refrigerators, light bulbs and washing machines as “energy efficient.” On a larger scope, the label is validation that the building is energy efficient. Properties are judged in comparison to similar buildings nationwide, and those that receive a score of 75 points or more (out of 100) using the EPA’s national energy performance rating system are honored with the designation. The rating system accounts for the impact of year-to-year weather variations, as well as building size, location, and several operating characteristics. The warehouse in Hagerstown (11841 Newgate Blvd.) received a rating of 97 out of 100 and the property in Breinigsville (8451 Willard Drive) received a rating of 95 (also out of 100.) Both are fully leased. “One of the best ways to reduce energy consumption is to partner with tenants, because in most cases the savings are passed directly to them,” added Kiel. ■

Tishman

B

ETHLEHEM, PA — Liberty Property Trust announced that it has attained three milestone recognitions for buildings in the Lehigh Valley region, all for efforts in sustainable design and property management. The “fit-out” of the company’s regional office at 74 W. Broad Street in Bethlehem has been awarded LEED Gold certification. In addition, two of the company’s warehouses in Breinigsville, PA and Hagerstown, MD – both already LEED-Silver certified – have

Tishman is the Leader in Green Building We have completed or are building more than 50 million square feet of sustainable projects for clients.

Joseph Manko of MGKF speaks at Builder Developer Summit

1 World Trade Center, New York, NY Pursuing LEED® Gold

One Bryant Park, New York, NY LEED® Platinum Certified

CityCenter, Las Vegas, NV Six LEED® Gold Certifications

U.S. FDA Building 66, White Oak, MD American Pharmacists, Washington, DC Pa. Convention Center Expansion, LEED® Gold Certified LEED® Gold Certified Philadelphia, PA, Pursuing LEED® Gold

Tishman Construction Offices Worldwide www.tishmanconstruction.com

CONSHOHOCKEN, PA — Joseph Manko, founding partner of Manko, Gold, Katcher & Fox spoke at a recent program entitled “Builder Developer Summit” presented by Wells Fargo Home Mortgage. Joseph Manko Manko focused specifically on how to obtain approvals from regulatory bodies, including the “host municipality”, how to overcome environmental constraints on development, as well as green marketing. Together, the panel led discussions on cutting-edge strategies for increasing buyer traffic, tips for capturing more sales from that traffic, economic forecasts and updates on what is happening in the mortgage and new construction industries. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 13E

3RD ANNUAL GREEN BUILDINGS SUMMIT By Nathaniel Kessman, Great Eastern Energy

Energy management plans: Work at “arms length”

O

f all the products and services available today to the energy conscious, there is one tool that we should all use more often, our brains!! Slow down and look around BEFORE Nathaniel you jump on Kessman the lowest price, or newest technology. A lot of energy savings is right at your fingertips. Work at “arms length”- The first step towards a solid energy management plan for any home or business should be to look around and see how we can reduce the total amount of energy we use OVERALL as quickly as possible. Reduction in total electric and or gas/oil usage will not only save money in the long term. It will do more to help our environment as a

whole through reduction in the use of fossil fuels. (Most of the electricity in this coun-

cent counter parts. Consider putting outdoor lights on motion sensors or timers.

Calling in an expert to make recommendations on where and when usage can be cut and how to receive the quickest return on investment will be the most efficient way to make large upgrades. try is made by burning fossil fuels). Again, reduced usage is the first step towards any solid energy management plan. Take a look around your home or business to see where you can reduce energy usage immediately. Simple things such as window caulking, weather stripping around doors and window film can do a great deal to conserve energy in winter and summer. Energy efficient light bulbs use considerably less energy than their incandes-

Consider digital thermostats that can be put on a schedule. These cost effective items can make an INSTANT impact on utility bills and our environment! Take public transportation or carpool, whenever possible and don’t be afraid to walk to the store once in a while. You’ll get to enjoy some of the fresh air you have helped create!! Take that old cow to pasture!!- Replace old worn out appliances with newer energy efficient models. However,

by all means don’t put the old refrigerator in the basement for sodas and snacks!! Remember to dispose of old appliances properly. After you have done everything on the “surface”, move towards the second step of your energy management plan, a thorough energy audit! Call a qualified engineer or energy management firm to perform a complete energy study. A qualified professional will look at, among other things. The overall building envelope, electrical, HVAC and insulation systems. Many states offer HUGE INCENTIVES to improve your building or homes’ energy efficiency. Calling in an expert to make recommendations on where and when usage can be cut and how to receive the quickest return on investment will be the most efficient way to make large upgrades. Items such as solar, wind power and co-generation may

or may not be right for you. Trust an expert to make that type of recommendation then get a second opinion, before making a final decision. Don’t get high on your own supply!!- The third part of your plan should be to control the cost of the physical commodity (gas or electric). Speak with a third party electricity or gas supplier to help budget and manage costs. Controlling energy supply costs will aid in budget control and provide the most predictable payback of your high efficiency boiler or lighting project. The final piece of your plan should be execution. Follow up and make sure that the changes you make today are implemented long term. And always check your local utility website for money saving tips and incentives!! Nathaniel Kessman is director of sales for Great Eastern Energy. ■

14E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT Everyone who uses office space can conserve natural resources and benefit

Jones Lang LaSalle shares 11 sustainability tips

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H I L A D E L P H I A , PA — In celebration of Earth Week and Earth D a y, J o n e s Lang LaSalle shares 11 real estate-related sustainability tips for Earth Day 2011. Tips are offered for Matt Weko employees, office managers, property managers, and building owners to ensure that everyone involved in office space reduces the en-

vironmental impact of business activities. “By now we are all aware of green changes that we can make to our lives. We have switched to compact fluorescent light bulbs and ceramic coffee mugs, and we’re recycling,” said Matt Weko, LEED AP, senior vice president of project and development services for Jones Lang LaSalle’s Philadelphia office. “Many other easy-to-implement sustainable practices not only help the planet but also create positive financial results for individuals and organiza-

tions.” For 2011, Jones Lang LaSalle offers 11 Earth Day ideas to take sustainability to the next level: 1. Employees – Turn off your computer at night and unplug the adapter – even an idle adaptor draws energy. 2. Office Managers – Consider recycled and recyclable materials when renovating space or replacing furniture. 3. Office Managers – Design space to maximize penetration of natural light into your space.

4. Office Managers – Require interior build-out contractors to follow sustainable practices, particularly to ensure the air quality of adjoining areas where employees are working. 5. Property Managers – Submeter equipment for better data on where energy is being used, so that when there is an unexpected rise in energy, the problem can be isolated easily. 6. Property Managers – Work with municipalities to permit motion-sensitive lighting in emergency stairwells. 7. Owners – Include reason-

able sustainability provisions in standard lease agreements, and try to accommodate tenants with their own green criteria. 8. Owners – Ask your property manager what steps their organization takes to be sustainable, including what they ask their own vendors, to ensure the sustainability of your supply chain. 9. Owners – Keep current on public policy mandates regarding green buildings, including tax credits and other incentives as well as building codes and requirements. 10. Owners – Be knowledgeable about costs and financing alternatives related to energy and sustainability improvements, and weigh those factors against potential financial benefits. 11. Owners – Budget for tenant sub-metering, subject to applicable laws and lease agreements. Jones Lang LaSalle’s Energy and Sustainability Services group helped clients reduce energy costs by $128 million in 2010, and its 580+ LEED Accredited Professionals have helped gain LEED certification of more than 200 client properties to date. ■

Certified Pure Energy provides solar solutions for retail auto. industry

Foliage Design Systems

1-201-387-7997 www.fdsnnj.com www fdsnnj com

OLD TAPPAN, NJ — Certified Pure Energy announced its alliance with The New Jersey Coalition of Automotive Retailers (NJ CAR) and Wholesale Auto Supply Co. (WASCO). As leaders in the state’s retail automotive industry, NJ CAR and WASCO’s strategic association with Certified Pure Energy signals a shift towards the implementation of green-powered business models at automotive dealers statewide. NJ CAR’s alliance with Certified Pure Energy supports its mission to identify products and services that can help its members save money. “NJ CAR is proud to assist our members interested in moving toward renewable energy sources,” said NJ CAR president James Appleton. “The NJ CAR/Certified Pure Energy team has the know-how and the commitment to assist dealers in the development and implementation of a dealer-specific solar program.” ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 15E

3RD ANNUAL GREEN BUILDINGS SUMMIT Energy performance, placing in the top 20% of U.S. buildings ranked for energy efficiency

Quadrangle’s National Place office building achieves LEED Gold Cert.

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ASHINGTON, D.C. — Quadrangle Development Corporation’s 540,000 s/f National Place office building, located just two blocks east of The White House at 1331 Pennsylvania Avenue, N.W., has achieved LEED Gold Certification from the U.S. Green Building Council (USGBC). This certification recognizes the energy-efficient and environmentally friendly operations and management of one of the largest mixed-use projects in the city. Commenting on the LEED Gold Certification, Quadrangle president Christopher Gladstone said: “As long-term in-

Cushman & Wakefield named agent for Wayne Solar Center

Wayne Solar Center WAYNE, NJ — Cushman & Wakefield, Inc. has been named leasing agent for the newly rebranded Wayne Solar Center office building at 1655 Valley Rd. The appointment follows the 157,000 s/f property’s recent acquisition by New York-based APF Properties. APF Properties, which has deep roots in green building initiatives, is incorporating a 1 Mega Watt Solar Photovoltaic carport installation at Wayne Solar Center, which will provide electricity to the building. Lobby renovations also underway include the incorporation of flat-panel monitors that will display the amount of electricity being generated by the solar installation. “Our plan is to take this property beyond its current perch as the best building in its market,” said Kenneth Aschendorf, APF Properties co-founder. “Our intent is also to undertake other environmentally sustainable initiatives and to pursue LEED Certification.” “Wayne Solar Center is ideal for companies looking to support a corporate culture focused on environmental stewardship,” Johnsen said. ■

National Place

vestors, Quadrangle considers environmental responsibility a cornerstone of the company’s philosophy and is committed to the implementation of sustainability programs in all of our properties. This LEED EB designation is a testament to Quadrangle’s ongoing commitment to sustainability.” Completed by Quadrangle in 1983 as part of a 1.5 million square foot mixed-use project that included construction of the JW Marriott Hotel and renovation of the National Theatre, National Place is one

of the first existing mixed-use structures in Washington to be awarded the LEED EB certification. National Place also was recognized for: • Optimized energy performance, placing in the top 20 percent of U.S. buildings ranked for energy efficiency • 25 percent renewable energy use -- including wind, solar, and biomass – through purchased energy credits • Heat island reduction attributable to below-grade parking

• Lighting systems that utilize daylighting controls, sensors, timed shut-off, and individual, controllable task lighting to reduce lighting energy use and light pollution to the night sky • Use of sustainable cleaning products. National Place was the first site competitively awarded by the Congressionally chartered Pennsylvania Avenue Development Corporation (PADC) and helped catalyze the revitalization of Pennsylvania Avenue. ■

16E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT For the Smithsonian Environmental Research Center

EwingCole designs one of the country’s most energy-efficient Laboratories

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DGEWATER, MD (May 2011) - EwingCole, an award-winning architecture and engineering firm based in Philadelphia, has designed a new $45,000,000 research laboratory for the Smithsonian Environmental Research Center. EwingCole’s renderings of the new facility were revealed at a groundbreaking ceremony in Edgewater, Md. It is expected to be completed in late 2013. “It was important to SERC that the landscape and building be designed as an integrated whole,” said Howard Skoke, AIA, lead architect and prin-

Smithsonian Environmental Research Center rendering

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Water Efficiency - Graywater Systems - Rainwater Harvesting - Low Flow & Recovery Systems Health and Indoor Environmental Quality - Natural Ventilation - Construction IEQ Management - ASHRAE STD. 62.1 Compliance - Raised Floor Systems - Daylighting - Displacement Ventilation Systems - Air Delivery Monitoring - Lighting and Thermal Controllability

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cipal of EwingCole’s science & technology practice. “We worked closely with administrators, scientists and staff to create a project that meets current needs with great efficiency, but is also flexible enough to accommodate program changes in the future.” Named in honor of U.S. Senator Charles “Mac” Mathias Jr. (1922-2010) (R-Md.), the two-story, 90,000-square-foot structure will be home to an interdisciplinary team of more than 180 researchers, technicians and students. Their research addresses global climate change, the effects of nutrients and chemicals passing through our landscapes, maintenance of productive fisheries, changes to our environment from biological invaders and protection of fragile wetlands and woodlands. “The Mathias Laboratory project is a cornerstone of the Smithsonian’s environmental research, education and commitment to sustainability,” explained Smithsonian Secretary Wayne Clough. In the interest of both sustainable design and long-term cost efficiency, energy modeling was used during planning to help identify the appropriate strategies. EwingCole also utilized Laboratories for the 21st Century (Labs21) design guidelines for project development. Upon completion, this facility will be one of the most energy-efficient and sustainable research laboratories in the world and is pursuing LEEDGold certification from the U.S. Green Building Council. Included in the design are the following major sustainable features: • Heat recovery of laboratory exhaust air (Total Enthalpy Wheel) • Demand control ventilation in laboratory spaces • Ground source geothermal well field system central plant used for both heating and cooling • Innovative water conservation and storm water management/recovery “This new laboratory represents a renewed long-term commitment by the Smithsonian to world-class environmental research on the Chesapeake Bay estuary and watershed, and on coastal ecosystems around the world,” said SERC Director Anson Hines. ■

MAREjournal.com

Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 17E

3RD ANNUAL GREEN BUILDINGS SUMMIT Customized Energy Reduction Plans • MEP/FP engineering including LEED • Building Commissioning including LEED • Energy engineering / audits / energy modeling • NJ Pay For Performance Partner / Carbon Abatement Program partner • PA Act 129 vendor • Federal Energy Tax Incentive partner • Infrared Testing • ASHRAE High Performance Buildings CertiÄed • Building Information Modeling (BIM) • MBE/SBE certiÄcation

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18E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT With Ground Array in Hamilton, NJ

For K&L Gates Center Offices

Hartz Mountain increases Solar Capacity

K&L Gates earns LEED Silver Cert.

H

A M I LT O N , N J — Hartz Solar Hamilton, LLC, a wholly owned subsidiary of Hartz Mountain Industries, Inc., is developing an 8.5 Megawatt (MW) groundbased solar array. Once complete in Emanuel Stern late 2011, the system, comprising over 30,000 solar modules will be one of the largest solar systems in New Jersey. This is the first ground based solar array by the developer. “Hartz understands the eco-

nomic and environmental benefits that stem from the investment in solar energy,” says Emanuel Stern, President and Chief Operating Officer of Hartz Mountain Industries, Inc. “Currently, our portfolio supports 6.2 MW of solar energy, all in the form of rooftop installations. This foray into ground systems, which offer more acreage than rooftops, will significantly increase our solar energy generating capacity.” The ground array is located in Hamilton Township, NJ near the intersection of the New Jersey Turnpike and I195. The plot of land is sixty-

five acres, thirty-four of which will be used for solar. “As a developer, Hartz realizes that commercial building development is not always the best option for a given parcel of land. In many cases like this, solar development is the best use, chiefly due to its potential cash flow,” said Stern. Hartz Mountain has contracted with Madison, WI based RMT, Inc. to design and construct the array. RMT, a nationally recognized leader in the engineering and construction of renewable energy facilities, will commence construction on the Hamilton Solar facility in June. ■

Two Bozzuto developments achieve LEED Cert. GREENBELT, MD — The Bozzuto Group announced that it has earned LEED certification from the U.S. Green Building Council (USGBC) for two residential developments in its portfolio. The Fitzgerald, a mixed-use community in Baltimore’s Mount Vernon district, has received LEED Silver Certification and Riverwalk at Millennium, an apartment community in suburban Philadelphia, has received LEED Certification. Both properties were developed by Bozzuto Development Company, built by Bozzuto Construction Company, and are now managed by Bozzuto Management Company. “As a developer, builder, manager and owner, our goal is to provide living environments that respect the world in which we live just as much as they respect the residents who live within them,” said Tom Bozzuto, CEO, The Bozzuto Group. “We are proud to provide communities that

include luxurious finishes and amenities while at the same time offering an environmentally friendly lifestyle.” The Fitzgerald is now the largest LEED-certified residential community in the Baltimore area and is home to the city’s first public electric-vehicle charging stations. LEED certification was achieved by implementing a number of environmentally-conscious design features, construction tactics, water efficiency technologies and air quality practices. The development – comprised of 275 luxury apartments, 24,000 square feet of street-level retail and a 1,245 space public parking garage – sits on 4.6 acres of land owned by the University of Baltimore and is part of a massive redevelopment effort by the University and the surrounding community. “I am delighted that our midtown Baltimore partners are receiving this recognition,” said University of Baltimore

president Bob Bogomolny. “Together, we can help create a new Baltimore that places great value in sustainability and the greening of our city. I want to personally congratulate the entire Bozzuto development team for achieving LEED Silver Certification.” Riverwalk at Millennium, a 375-unit apartment community, experienced significant fire damage in the fall of 2008, and as a result, one half of the development required a complete rebuild from the ground up. The new residences meet LEED requirements through the use of sustainable features such as low-emitting paint and carpet and water-efficient landscaping, and through the use of local construction materials, among other energy and water-saving features. A brownfield redevelopment, Riverwalk at Millennium is the first LEED Certified apartment project in Conshohocken, and the largest in the Philadelphia area. ■

Environetics hires Henle, LEED AP and MacNeill, AIA, LEED AP PHILADELPHIA, PA — Environetics announced that Sarah N. Henle, LEED AP, NCIDQ certified, has joined the firm as a senior interior designer. Sarah will be the lead designer on full service interior design projects throughout the region, as well as lead the tenant planning efforts in the Philadelphia suburbs. Her project responsibilities will include client interface, program development, concept and design development in addition to coordinating with the Environetics’ MEP and

structural engineering teams. Sarah will be instrumental in implementing and maintaining sustainable and environmentally responsible practices both on our projects and within the office. “We take great pride in having Sarah join Environetics and believe she will be instrumental in the growth of our practice” said Judy Channick, principal. Environetics has hired Fletcher H. MacNeill, AIA, LEED AP to the team as principal, Healthcare Practice Leader. Fletcher offers

over 27 years of experience in planning and designing hospitals and specialty healthcare facilities. In addition to his core focus on healthcare facilities, he is working to lead and define the emerging interdisciplinary specialty in Health Science Education, planning and designing for medical schools, clinical skills teaching and simulation labs. Previously with Ewing Cole and Burt Hill, Fletcher is a practice leader and client advocate who builds consensus among the many constituents of complex organizations. ■

PITTSBURGH, PA — K&L Gates LLP has achieved Leadership in Energy and Environmental Design Silver certification from the U.S. Green Building Council (USGBC) for the firm’s Pittsburgh office space at K&L Gates Center. The 37story property has served as the firm’s home since March 2010, with K&L Gates having sponsored extensive renovations to the building’s entryways, lobby, and adjoining plazas in addition to the more than 250,000 s/f the firm occupies over 14 floors. Among the specific features that helped earn the office USGBC’s Silver certification were its daylight responsive controls on

interior lighting; use of recycled content and locally-extracted, harvested, and manufactured building materials; installation of low volatile organic compound (VOC) adhesives and paints; employment of no added urea-formaldehyde composite woods; and a more than 40% reduction in water usage over standard use fixtures. “We are delighted to have our offices certified as a LEED Silver interior and to have been a part of both the beautification and greening of this more than 40-year-old building,” said Michael Zanic, administrative partner of K&L Gates’ Pittsburgh office. ■

So what is a Brand with a capital B, anyway (as in a Certified B . . . continued from page 7E known as triple bottom line – benchmarks. The brands that hold these values dear and make them core guiding principals are and will continue to be relevant, profitable and sustainable. As a brand development and graphic design solutions firm – and a Certified B Corp – immersed in sustainability, we have seen the shift of consumers voting with their dollars – looking for integrity in those they do business with, aligning their purchases with their core values. It is they who are shaping business, rather than the other way around. As a brand strategy and development firm, we know our clients do well – and do good – by starting the satisfying journey to creating a

more sustainable brand. So what exactly is a sustainable brand? One that seeks triple bottom line returns, is fueled by integrity, and resonates with authenticity. It is a brand that can become a bonfire, easily attracting relationships and customers/advocates who in turn gather kindling (new customers/advocates), so to speak, to fuel the brand’s bonfire of awareness. The power of a sustainable brand lies in its promise: to enlighten, engage, and enrich the brand experience for shareholders and stakeholders alike. 1. Bill McKibben, “earth,” 2010, p. 52.

Cynthia BarBer Gale is CEO/creative director of the BarberGale Group. ■

10 tips for retailers on USGBC’s . . . continued from page 9E firm as the central LEED contact: Since chains typically use local architects, engineers and vendors in different regions, it is important to have one firm maintain the prototype specifications and drawings to ensure consistency, while laying out strong guidelines in both the prototype set and the quality control/education plan to maintain a high level of uniformity. 10. Create a plan and stick to it: As with any new, complex endeavor, a period of trial and error is expected. Work through the initial hiccups and avoid unnecessary costs by identifying project goals early and establishing a LEED team

and “captain” at the onset of the project. Then, develop and stick to a highly-integrated and well-orchestrated plan. “While the new USGBC Volume Program may be the most cost-effective, efficient approach to integrating sustainability into an existing retail portfolio, being ‘green’ is not an end unto itself,” said Gruskin. “The most crucial step is to determine whether it makes sense for your store prototype to be modified to fit into the USGBC LEED Volume Program requirements. If it is, then now is a great time for retailers to take charge of the ‘’green’ ambitions and channel them through the new Volume Program.” ■

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — 19E

3RD ANNUAL GREEN BUILDINGS SUMMIT Wednesday, June 3 7:30 am

Trenton Marriott, NJ

REGISTRATION AND NETWORKING BREAKFAST

8:00 am WELCOME AND OPENING REMARKS CHAIRPERSON: Florence Block, Executive Director USGBC-NJ 8:15 am KEYNOTE SPEAKER: Caren Franzini, CEO NJ Economic Development Authority (EDA) 8:30 am ANALYZING THE CURRENT MULTIFAMILY MARKET: IS GREEN BECOMING MAINSTREAM? • Utilization of green building standards in new multifamily construction, e.g. LEED, ENERGY STAR, NGBS • Incorporating renewable energy projects. • Going green in a down economy: Balancing affordability and sustainability in green projects and taking advantage of incentives and programs to achieve a positive ROI on green investments. Panelist: Nicholas J. Kikis Director, Regulatory Affairs & Research, NJAA 9:15 am

THE ECONOMIC ADVANTAGES OF GREEN BUILDINGS

• What are the benefits and how does a healthy building increase productivity in the workforce. • Increasing demand for energy in the face of economic and environmental pressures. • Incorporating high-performance “green buildings” and environmentally-friendly technologies as part of overall corporate social responsibilities. • The Economic Advantages of Solar PV in NJ, The value proposition and success of NJ’s S-RECs Panelists: Mark Warner, Founder/CEO Sun Farm Network James V. Mascaro, CCIM, LEED-AP DP Partners, LLC - Nationwide Industrial Development Laurie Actman Dir. of Strategic Partnerships and Public Policy Viridity Energy 10:00 am MID MORNING NETWORKING BREAK 10:15 am BUILDING GREEN: CREATING A “NET-ZERO ENERGY” OR “CARBONNEUTRAL” STRUCTURE • How to effectively design an efficient building envelope. • Designing energy efficient systems within the building. • What are efficient methods to offset building load toward carbon neutral. Panelists: William Amann, P.E., LEED AP President, M&E Engineers, Inc. Jason Kliwinski, AIA, LEED AP BD&C/O&M Dir. of Sustainable Design, Spiezle Architectural Group, Inc. 11:00 am EMPLOYING RESOURCE-EFFICIENT MATERIALS TO ACHIEVE COMFORTABLE, SAFE AND SUSTAINABLE BUILDINGS • What are the cost implications of waste management for construction. How does that effect the owner and manager. • What material and recycle products are available to reduce overhead and save money. • Improving the quality of the environment by using green certified products. Panelists: Andrew Hathaway, LEED AP Steve Winter Associate, Inc David Horowitz, LEED AP Senior Vice President Tishman Construction Corporation Agenda continued on next page

Registration Info: WWW.MAREJOURNAL.COM or 800-584-1062 x 203

20E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDINGS SUMMIT 11:45 am GOVERNMENT LEGISLATION FOR ECO-FRIENDLY BUILDING CONSTRUCTION • Department of Environmental Protection - Understanding the LSRP programs and how the program will be affected under the new administration. • Building Codes and Government Legislation for Eco-Friendly Building Construction Moderator: James Rhatican Connell Foley Panelists: Darren Molnar-Port Code Specialist, State of NJ Division of Codes and Standards Jeanne Schubert Barnum Schnader Harrison Segal & Lewis LLP 12:30 pm NETWORKING LUNCHEON 1:15pm - 5:15 pm POST CONFERENCE WORKSHOPS Workshop #1 (4 Hours) (4 AIA Learning Units) INSTRUCTOR: PAUL QVALE USGBC-NJ WORKSHOP & EXAM PREP: FUNDAMENTALS OF SUSTAIANABILITY & LEED® GREEN ASSOCIATE EXAM PREP WORKSHOP WHAT WILL BE COVERED: This workshop is an in-depth review of technologies, strategies, and practical applications related to LEED® credits,using case studies. As part of this session, LEED certification will be reviewed as well as practice questions introduced. Learning Units, counts towards HSW requirement HOW YOU WILL BENEFIT: Gain an understanding of the Leadership in Energy & Environmental Design (LEED®) system Obtaining a thorough analysis of the growing trend to build green and be certified by LEED®. OR Workshop #2 (4 Hours) (Submitted for 2 AIA and 2 USGBC Learning Units) NSTRUCTOR: William Amann, P.E., LEED AP President, M&E Engineers, Inc. DESIGNING BUILDINGS FOR ENERGY EFFICIENCY. How can we predict how much energy a new building will use? And what can we do during the design to make it more efficient? This course will discuss energy modeling programs, and how they can be used as design tools during the building design process. We will discuss some of the limitations of the models, and illustrate how this process fits into the LEED Certification process by presenting a LEED Platinum Case Study. INSTRUCTOR: Anastasia Harrison, AIA LEED-AP Director of Sustainability, NE Region Gannett Fleming, Inc. CORPORATE SUSTAINABILITY- A VIEW FROM THE GREEN OFFICE. In the corporate world, economic factors play a decisive role in shaping sustainable decisions and making your company a success. We will discuss the economic value of sustainability in a corporate environment. We will explore how the attitudes and motivators of corporate leadership have changed and effects employee morale. We will discuss our strategies and tools for tracking multiple office locations, monitoring and reporting metrics for sustainable corporate strategy. 5:15 pm

COCKTAIL NETWORKING RECEPTION

Registration Info: WWW.MAREJOURNAL.COM or 800-584-1062 x 203

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Mid Atlantic Real Estate Journal — Green Building— May 27 - June 9, 2011 — Back Cover E

3RD ANNUAL GREEN BUILDING SUMMIT SUPPORTING ORGANIZATIONS

An association of real estate property management professionals, IREM offers education, resources and information for today’s property managers.

Associated Builders and Contractors’ (ABC) mission is to advance its members’ ability to support their customers and thrive in the green building industry.

Promotes the understanding, development, and adoption of energy conservation and non-polluting, renewable energy technologies. NJ’s foremost leader promoting, advocating, and providing education for the planning, design, construction, operation and maintenance of high performance buildings and communities that are environmentally responsible, cost effective, productive, and healthy places to live, learn and work.

Founded in 1986 The New Jersey Apartment Association (“NJAA”) is a 501(c) (6) non profit trade association representing owners, builders, developers and managers of over 180,000 rental homes in New Jersey as well as hundreds of suppliers to the multi-family housing industry.

A professional association for facility management. Within the site are forums, articles, job listings, and directories associated with the industry.

BOMA New Jersey is an affiliate of BOMA International – the oldest and largest association of the office building industry with over 100 federated Associations in the United States and around the world. Headquartered in Washington, DC, BOMA International expands our local network to more that 18,000 real estate professionals responsible for the management of 8.5 billion square feet of office space in North America.

NJCCT promotes this valuable labor-management partnership which provides public and private owners with on-time, on budget top quality construction projects built to the highest industry standards.

AIA New Jersey Supports its Members and Promotes the Public’s Understanding of Architecture through Advocacy, Education and Service.

Agenda continued on next page

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Inside back Cover E — May 27 - June 9, 2011 — Green Building — Mid

Atlantic Real Estate Journal

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3RD ANNUAL GREEN BUILDING SUMMIT SPONSORS

The Sun Farm Network is a full service project development firm, providing customized solar electricity solutions to the Mid-Atlantic region.

Practice includes litigation and corporate law, intellectual property, construction law, real estate, bankruptcy, insurance and environmental law.

Schnader serves local, national and international clients ranging from large corporations to start-ups and entrepreneurs to individual clients in more than 40 areas of the law.

Tishman Construction provides a wide range of construction and construction-related services for projects of varying scope, budget, schedule and complexity.

NJ SmartStart Buildings is the commercial and industrial component of the NJ Clean Energy Program from the Board of Public Utilities.

Going Green the DP Way: The Future is Now, and it is GREEN.

“Glacial Energy is one of the fastest growing retail energy suppliers in the United States, currently selling electricity to commercial, industrial, and institutional customers in 16 deregulated markets.

Haftek Concrete Washout Systems was created to service the construction industry with a safe, responsible, and environmentally friendly alternative to the old worksite concrete washouts.

MaGrann Associates (magrann.com) is a specialized, forward thinking energy engineering and green building consulting firm consisting of 51 highly skilled staff with operations spanning the Mid Atlantic region, Pennsylvania, Kentucky and Ohio.

M&E Engineers provides a full range of Mechanical and Electrical engineering services for commercial, industrial, and multi-family residential projects. Mercury Solar Systems is one of the leading integrators of solar energy services on the East Coast. We have completed over 1,500 solar installations of varying complexity for our commercial, non-profit and residential customer base. “Your Total Energy Experts” Hutchinson is a trusted mechanical contracting firm providing HVAC, lighting, and energy solution services throughout the tri-state area.

Commercial Flooring & Interior Concepts, Inc. is located in Eatontown NJ. Our commercial contractors service the entire state of New Jersey and metro New York.

Cleantech Law Partners is a boutique law firm that caters to the unique legal needs of renewable energy and cleantech companies. Our attorneys have extensive knowledge of the clean technology industry and experience working with renewable energy and cleantech companies in the US and around the world.

Registration Info: WWW.MAREJOURNAL.COM or 800-584-1062 x 203

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