Data Loading...
www.marej.com
R Magrill and Phillips, SIOR of Cushman &Wakefield | Thalhimer handles sale Ashley Capital buys 798,786 s/f dist. center on I-295/I-95 Corridor in VA
ISSUE HIGHLIGHTS Volume 31, Issue 16 Aug. 23 - Sept. 12, 2019
ICHMOND, VA — Cushman & Wakefield | Thalhimer is pleased to announce the sale of 7000 Hardware Dr. in Prince George County, Virginia and located in the Southeast Quadrant of the Richmond (VA) Industrial Market. Ashley Capital purchased the 798,786 s/f distribution center situated on 155.4 acres from Ace Hardware Corpora- tion as an investment. They plan to immediately update the property to include re- placing the roof, all 84 dock doors, replacing the lights with high efficiency LED fixtures, removal of an internal mez- zanine, painting the interior and exterior and several other functional and cosmetic up- grades. The property will be branded as the Virginia Gate- PISCATAWAY, NJ — Rockefeller Group , a real estate developer, owner and operator, along with joint venture partner PCCP, LLC , announced that Kiss Products, Inc., with its world head- quarters in Port Washington, NY, has purchased a 469,600 s/f distribution building at Rockefeller Group Logistics Center in Piscataway, N.J. for $65.7 million. The global beauty company will occupy the property-situated within
SPOTLIGHTS
5-17A
ARCHITECTS & ENGINEERS
7-18B
CONTRIBUTING COLUMNIST
7000 Hardware Dr.
access to I-95 and I-85 as well as Rte. 460 and the Port of Vir- ginia. Ashley Capital will re- brand the property as Virginia Gateway Logistics Center.
way Logistics Center. The property is the largest vacant building in the mid- Atlantic. Its strategic location on I-295 provides immediate
Evan Magrill and Bobby Phillips, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser.
Donald Richardson
2A
NAI DiLeo-Bram&Cushman &Wakefield execute 469,600 s/f sale totaling $65.7M Piscataway, NJ
UPCOMING CONFERENCES September 24, 2019 6 th Annual NJ Apartment & Multifamily October 17, 2019 6 th Annual NJ Healthcare & Medical Properties November 1, 2019 5 th Annual NJ CRE Leadership Conference For speaking & sponsorship information, please contact: Lea at 781-740-2900 or [email protected]
Group Logistics Center," said Richard Kim, CFO of Kiss Products, Inc. "Piscataway's proximity to the port of New- ark/Elizabeth makes it an at- tractive location for reaching our customers nationally." "I am thrilled that Kiss Products has chosen our com- munity at which to manage its logistics," Piscataway Mayor Brian Wahler said. "Kiss will be a valued corporate partner to Piscataway which along with Best Buy, Fujitsu and Humanscale will thrive at what is now a state-of-the- art center for commerce that is providing good jobs for hard-working residents and welcome revenue to the Town- ship." The Cushman & Wake- field team of Jules Nissim, Stan Danzig , and Marc Petrella serves as the agent for the development and rep- resented Rockefeller Group in the transaction. Kiss was rep- resented by Greg Brown and TomKirczow of NAI DiLeo- Bram & Co. The acquisition was financed by Citibank, City National Bank and Shinhan Bank America .
Rockefeller Group Logistics Center Kiss Products building
the 2.2 million s/f state-of- the-art Rockefeller Group Logistics Center- this summer. "The interest in Rockefeller Group Logistics Center from prospective users that we've experienced to date has not only met our expectations for the project, but has actually exceeded them," said Heath Abramsohn , vice president and regional director for Rock- efeller Group's NJ/PA Region. "This latest transaction with Kiss is demonstrative of the market's appetite for well-lo- cated industrial development in New Jersey and is a further testament to the quality of
next-generation product that we're building in Piscataway." The facility, which boasts an advanced-functionality de- sign, will accommodate Kiss' growing logistics needs as de- mand continues to strengthen from its consumer base and national retail partners in the region. Through the opening of its new logistics facility, Kiss anticipates that it will create more than 250 jobs in Piscataway. "Kiss is excited to be relocat- ing its distribution center to Piscataway and consolidating our four Long Island distribu- tion locations at Rockefeller
Directory CCIM PA/NJ/DE Chapter....................................... 4A ICSC Conference & Deal Making.......................5-17A Business Card Directory. .................................. IBC-A Billboard Directory..............................................19A Organization Events Calendar..............................20A Owners, Developers & Managers............... Section B Architects & Engineers Spotlight. .....................7-18B www.marej.com
Inside Cover A — August 23 - September 12, 2019 — M id A tlantic
Real Estate Journal
www.marejournal.com
FARM AUCTION! 397 +/- Acres of Working Farm Land ~ Shale Gas Territory 36 Margrow Road, Tunkhannock PA 18657 Saturday, September 14 th @ 10am Live & Online
• 1200 sf 3 BR/1.5BA Residence with Garage • Frontage on the Susquehanna River • Gas &Mineral Rights Convey on 222 +/- Acres (No Lease) • Amish Built Barns, Underground Electric
• Former Fully Sustained Bull Farm • 95% Tillable Acreage • 8 "Pen Barns", 400 Stalls with Water and Electric • (5) 80' Concrete Tower Silos • Ample Barn Space, Office Space and Storage Areas
Photos, Terms & Conditions: cowley1.com
Preview Saturday August 24 th + September 7 th from 10am to 2pm or call 570-499-8883 for an appointment (Amy)
Cowley Real Estate & Auction Co. 3350 North Main Ave., Scranton, PA 18508 570-499-8883 (Amy R. Gearhart) AU002923l
www.cowley1.com
Real Estate Journal — August 23 - September 12, 2019 — 1A
www.marej.com
M id A tlantic
Creating greater wealth for our clients by achieving better results.
COLLABORATIVE CULTURE + RELATIONSHIP FOCUSED + DEFINED EXPERTISE
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States specializing in the sale of single tenant net-lease assets and retail shopping centers. We have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. We have a dedicated buy side desk that provides real time inventory and market >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48
Made with FlippingBook - Online Brochure Maker