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11-14-14

R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 26 Issue 21 Nov. 14 - 27, 2014

Goeller, Kubler and Simon of KLNB brokered approx. 318,000 s/f NAI KLNB brokers sale of five building portfolio for $60.5 million C HANTILLY, VA – NAI KLNB has bro- kered the sale of a

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Adriatic Ct., Atlantic Blvd. in Norcross, GA; Peachtree Corners II on Kingston Ct.; and Kennestone Corners on Kennestone Circle, and is more than 93% occupied. Hartz found these proper- ties appealing both for their proximity to major inter- states 1-75, 1-575 and 1-285, the airport, and two railroad systems, and their location within a market with limited room for additional develop- ment which will reduce com- petition for future warehouse business. 219 Commerce Blvd. in Charlotte is situated within a one day’s drive of 60% of the country because of its prox- imity I-85, widely considered the industrial backbone of the Southeast, I-77, and I-40. Hanes Brand, Inc. recently signed a long-term lease, and since moving into this loca- tion in 1999, Hanes Brand, Inc. expanded the site on 2002 in and recently com- pleted a second expansion of 100,000 addition s/f to accommodate for the brand’s continued growth. n located in, historically, the healthiest and most prolific commercial office environ- ments in the country,” said Kubler, director of invest- ment sales for NAI KLNB. “This offering generated a great deal of high-quality investor interest and mul- tiple offers. The new owner acquired top-of the-class of- fice product in an extremely stable market situated just outside our nation’s capital. This portfolio provides excel- lent opportunities to create long-term value.” The same investment team at NAI KLNB is now tak- ing two more Avion Busi- ness Park assets to market, consisting of a commercial office building and a note collateralized by a separate building. n

ATLANTA, GA — Hartz Mountain Industries con- tinues to secure assets in growing Southeastern United States markets with the acquisition of a 2.5 million s/f portfolio consisting of 35 buildings in North Atlanta. This move comes after it recently secured a 575,718 s/f class A warehouse currently occupied by Hanes Brand, Inc., at 219 Commerce Blvd. in Kings Mountain, NC, just five-building commercial of- fice portfolio totaling approxi- mately 318,000 s/f of space, and located in the Avion Business Park in Chantilly to Hayden Maguire Real Estate Fund for $60.5 mil- lion. The NAI KLNB team of Kevin Goeller , Chris Kubler and Josh Simon , in cooperation with C-III Realty Services, LLC , bro- kered the transaction on be- half of JPMCC 2006-CIBC14 Chantilly Office, LLC. The sales price represented ap- proximately $190 per s/f. Originally built by the Trammell Crow Company between 1987 and 2001, the portfolio is contained within a nineteen-building office

8-23A

Penwood closes on 203,000 s/f in Piscataway

Avion Business Park

portfolio within Avion Busi- ness Park. The business com- munity is served by numer- ous highways including MD Rte. 50 and 28, I-66 and the Dulles Toll Rd. The park is positioned immediately south

of Washington Dulles Inter- national Airport and is within close proximity to fourteen hotels and 2.5 million s/f of retail space. “This mix of low and mid- rise flex/office product are

HARTZ continues Southeast commercial acquisitions including a 2.5m s/f portfolio

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To Register www.marejournal.com Nov. 21 NNJ Retail & Restaurant Summit Dec. 11 NJ Real Estate Capital Markets Summit Jan. 2015 New Jersey Construction Expo 2014 Conference Schedule

PEACHTREE CORNERS 1 PEACHTREE CORNERS 2

PEACHTREE CORNER 1 PEACHTREE CORNER 2 (Partial, 2 buildings not shown) Norcross, GA

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