Best of 2019

Best of 2019

M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — Section C

s www.marej.com

THE

BEST

of 2019

C Inside Cover — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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www.marej.com M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — 1C C Inside Cover — February 28 - March 12, 2020 — Commercial Office Properties — M id A tlAntic Real Estate Journal www.marej.com

THE QUAD

100/110 SOUTH JEFFERSON ROAD WHIPPANY, NJ

THE QUAD COWORKING OFFICE SPACE AVAILABLE IN 2 LOCATIONS

6 CENTURY DRIVE PARSIPPANY, NJ

Whether you are a start-up or an established professional, you want an office environment that will enhance your business. The Quad at Jefferson Exchange and Century Campus feature individual and collaboration spaces to fit your business needs, while offering fully furnished offices available with flexible leasing terms. Call us today.

THE QUAD

For more information, please contact John G. Osborne, 732-855-8600 x115 or Isabel Freire, 732-855-8600 x120

coworkingatjeffersonexchange.com I coworkingatcenturycampus.com

STATE OF THE ART BUSINESS LOUNGES • FULLY FURNISHED OFFICES • ESPRESSO COFFEE BARS FULL-SERVICE CAFETERIAS WITH SEATING • NEWLY RENOVATED LOBBY AND COMMON AREAS CONFERENCE & TRAINING ROOMS • ON-SITE BIKE SHARE PROGRAMS • FREE WIFI THROUGHOUT

A Bergman Real Estate Group/Time Equities Joint Venture

2C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal www.marej.com The LARGEST MEDICAL OFFICE SALE of 2019 JLL One Diamond Hill Road Berkeley Heights, NJ The Kislak Company, Inc. Pondview Plaza Monroe, NJ Marcus & Millichap-NJ Allwood Medical Campus Clifton, NJ

Size : 8.74 Acres Brokers: Fahri Ozturk, Richard Gatto and Thomas Cleary All three buildings were built in 1985 and total 160,349 square feet. The property is currently 100% occupied with a mix of prestigious tenants including, Summit Medical Group, Sutherland Healthcare and Englewood Hospital. The property also just underwent renovations, including state-of- the-art climate control systems, newer roof, one new elevator and updated landscaping. Parking is plentiful with 628 total spaces, including 68 covered spots. The market continues to show strong rental growth, due to vacancy consistently de- clining over the past ten years. This is evident by the existing average rents of $23.98 and latest signed leases at $33 psf. Fahri Ozturk Richard Gatto Thomas Cleary

Size: 31,000 SF Broker: Stephen Gianis

Located on a 4.69 acre site, the medical office space is housed in three separate structures consisting of single story buildings built in 1997 with ample parking at a ratio of 5.00/1,000 SF, including handicap and wheelchair accessible spaces. Cur- rently at 96% occupancy, the buildings are located in a densely populated adult and residential area of Monroe Township, offering very favorable demographics for tenants. The freestanding buildings have appealing features inclusive of French windows allowing for abundant natural light, high ceilings, reception and common areas, laboratory, central heating and air conditioning, and a courtyard. Other amenities include Wi-Fi, a security system and 24 hour building access along with monument signage.

Jose Cruz

Ben Appel

Mark West

Size: 270,000 SF Brokers: JLL’s Jose Cruz, Ben Appel and Mark West JLL represented Summit Medical in the sale of their six- building medical office campus which totals 270,000 SF on 43 acres in Berkeley Heights, New Jersey.

THE NATION’S #1 INVESTMENT SALES BROKER Join the Leader, Contact us Jim McGuckin Regional Manager

250 Pehle Ave, Suite 501 Saddle Brook, NJ 07663 (201) 742-6150 Brian Hosey NJ Broker of Record (202) 536-3750

Learn more about listing with us MARCUSMILLICHAP.COM

Real Estate Investment Services ◊ Financing ◊ Research ◊ Advisory Services

M id A tlantic Real Estate Journal — The Best of 2019 — March 27 - April 9, 2020 — 3C

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The BEST of 2019

EXCLUSIVE PROPERTIES FOR SALE

Upper Darby, PA 10,338 Acres Matt Weilheimer ext 272

Darby, PA Redevelopment Property Matt Weilheimer ext 272

Evesham, NJ 4.697 AC for 160 Units Justin Lupo ext 225

Newark, NJ 10 Units + 6 Retail Julie Gralla ext 224

Newark, NJ 33 Units - 2 Buildings Michael Salomon ext 243

Red Bank, NJ Rtail, Residential, Office Daniel Lanni ext 248

The Kislak Company, Inc. | kislakrealty.com | 732 750 3000

4C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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The BEST RETAIL PROJECT of 2019

Levin Management Corporation Twin City Shopping Center Jersey City, NJ

Interland Real Estate Corp. Former Kiss Honda Cycles Pottstown, PA

A.T. Construction Audubon Village Shopping Center Eagleville, PA

Size: 95,000 SF Several 2019 grand openings and new leases punctuated the transformation of Twin City Shopping Center. As exclusive managing and leasing agent, Levin Management Corpora- tion (LMC) orchestrated a series of renovations – includ- ing a new façade, pylon signage, stonework and sidewalk refurbishments – that significantly enhanced the property’s curb appeal. This work was instrumental in securing a wave of new leases at the center, including Taco Bell (prompting a ground-up expansion at the property), Kidz Village, Pop- eye’s Louisiana Kitchen, T-Mobile and 1HOURREPAIR. com – all of which opened in 2019 – and soon-to-open Hook & Reel Cajun Seafood and Bar, andApple Nail Salon.

Renovation Size: 10,000 SF

Size: 20,108 SF Brokers: Interland Real Estate Corp. & Keller Williams Conshohocken Industrial Building located in Pottstown Borough. 2 story commercial building of brick/concrete/masonry construc- tion original constructed circa 1900. Building was occupied by the owner and used as a motorcycle retail/showroom re- pair facility formerly known as Kiss Honda Cycles. 10,028 SF 1st floor with a 14’x84’ loading dock area with 1-14’x26’ overhead door, interior access storage room, office, break room, 13’ wide drive in access area with 1-10’x12’ over- head door which provides direct access to a central show- room area and rear service shop/area. 10,080 SF 2nd floor has stairway an freight elevator access, 3 private office, front showroom, large rear showroom all purpose room, utility room and 4-1/2 bath power rooms.

Audubon Village Shopping Center is an older shopping center, comprised of multiple additions from the 1960s, 1970s, and 1990s to create one strip center and had a va- cant, anchor building from 1991 on the same site. The key to revitalizing this center and enticing an anchor tenant lay in creating a cohesive design that spanned the two build- ings. The client opted for a traditional look that matched the neighboring area, so the design includes new gables, subtle arches, stone pillars, and vertical siding. They used the same materials on the separate gabled building, which was filled by Redner’s Market.

M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — 5C

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The BEST of 2019 The LARGEST INDU RIAL LEASE of 2019

Duke Realty 315 Half Acre Road Cranbury, NJ

Colliers International-PA CarbonLite Berks 61, Muhlenberg Twp., PA

Crow Holdings Industrial Crow Holdings at Veronica Ave. Franklin, NJ

Size: 270,000 SF Lease, $80M new build to suit construction Brokers: Mark Chubb, Michael Zerbe and Summer Coul- ter In 2019 Colliers’ logistics team of Mark Chubb, Michael Zerbe and Summer Coulter assisted California-based manu- facturer Carbon Lite in its East Coast expansion with a new 270,000 SF lease with Landlord Endurance Real Estate Group. Build to suit construction of its new $80 million recycling plant at “Berks61” in Muhlenberg Township, Berks County is nearing completion, with tentative opening planned for February of 2020. The operation is expected to bring more than 130 jobs to the Reading area. CarbonLITE is the largest producer of food-grade Post-con- sumer Recycled PET in the world, its’ existing facilities pro- cess more than four billion plastic bottles annually. Pennsyl- vania’s plentiful blue-collar labor force was a deciding factor for CarbonLITE, putting the keystone state at the forefront of the green revolution - preserving resources and reducing the nation’s carbon footprint from PET bottle production.

Size: 925,000 SF Brokers: Cushman & Wakefield Vice Chairman Stan Danzig and Associate Kimberly Bach represented ownership, while C&W Executive Managing Director James Frank and Vice Chairman Jules J. Nissim rep- resented LG. Crow Holdings at Veronica Ave is a true trendsetter. With determination and creativity, Crow Holdings Industrial de- veloped a 925,000 SF warehouse property in a location that caters to industrial employees. LG was looking to consoli- date two NJ locations, but one of its lease agreements had several years remaining. To consummate the lease, Crow Holdings Industrial moved ahead with a creative lease agreement that assumed LG’s responsibility to its existing space, and enabled the global technology manufacturer to move all of its operations to a single location at Crow Hold- ings at Veronica Ave.

Size: 650,123 SF Renovated

Brokers: Tenant: Jules Nissim/Cushman & Wakefield Landlord: Mindy Lissner/CBRE, Steven Beyda/CBRE When Duke Realty acquired 315 Half Acre Road in 2013, it was fully leased to a home goods retailer. Upon finding out that the tenant would not be renewing its lease, Duke Realty immediately began a search for a new tenant to backfill the space. A lease was signed with Cooper Friedman Electric Supply for the entire 650,123 SF building, allowing Duke Realty to maintain full occupancy. With 315 Half Acre Road, Duke Realty was able to meet Cooper Friedman’s de- sire for a large block of space near I-95, giving it convenient access to its distribution network across the tri-state area.

The BEST INDUSTRIAL PROJECT of 2019 REDCOM Design & Construction LLC Straight Edge Striping Duke Realty Steel Run Logistics Center Perth Amboy, NJ

STEEL RUN LOGISTICS BUILDINGS 1 & 2 225 Elm Street, Perth Amboy, NJ 08861

SteelRunLogisticsBuilding 1

SteelRunLogisticsBuilding2

Size:1,253,893 SF on 83 Acres Brokers: Tenant: Tony Kepano/CBRE, Mindy Lissner/CBRE

Size: 20,990 SF Straight Edge Striping is one of our completed, industrial facilities located in Middlesex, New Jersey. The REDCOM team completed a full design-build of this office, manufactur- ing and warehouse facility. Our in-house professionals worked on all of the civil engineer- ing drawings, local and state approvals and the architectural designs and drawings. RED- COM also performed the general construction and interior design work, which included computer 3-D imaging. This ground-up project consisted of the construction of a 20,900 SF building, including a 16,766 SF first floor, a 1,624 SF mezzanine and a 2,600 SF storage canopy. This industrial facility is now home to a road striping and sign painting company.

Landlord: Chuck Fern/Cushman & Wakefield, Thomas Tucci/Cushman & Wakefield Steel Run Logistics Center is a two-building distribution hub, with both buildings leased by The Home Depot. Each of the buildings are build-to-suit facilities and incorporate features to meet the tenant’s exact specifications. The combined lease is for 1,253,893 SF including 332,808 square feet for building 1 and 921,085 SF for building 2. This transaction represents the larg- est lease in Duke Realty’s nearly 50-year history. The site where the buildings are located was formerly home to a steel manufacturing plant and is being fully remediated and redeveloped.

dukerealty.com

6C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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The BEST MULTIFAMILY PROJECT of 2019 GMH Capital Partners

Benchmark Construction The Village at St. Anne’s Retirement Community

High Construction Company The Crossings at Conestoga Creek Apartments

The Pendleton at Cranberry Woods

Location: Cranberry Township, PA Size: 547,145 SF, 24.23 acres

In January 2019, GMH Capital Partners completed develop- ment of The Pendleton at Cranberry Woods, a community with 310 apartments and 10 townhomes. Designed with care and convenience, The Pendleton offers a diverse floor plan mix, including spacious one-to-three-bedroom apartments and townhome options with attached garages or additional office space. In-unit amenities include 9-foot high ceilings, washers and dryers, ample closet/storage space, and private patios and balconies. Community amenities include a heated pool with tanning ledges and water features; an expansive sundeck featuring cabanas, a lounge area, and spa; and a two-story fitness center and yoga studio room. The town- homes are extremely popular for residents looking to expand their families or retirees looking to downsize. The Pendleton sits within a vibrant, 57-acre, mixed-use de- velopment in Cranberry Township, just 20 miles north of Pittsburgh. The community is now 82.39 percent leased and has a 4.9/5 star rating on Google.

Location: Lancaster, PA Size: 321,554 SF

High Construction provided preconstruction and con- struction management services for The Crossings at Con- estoga Creek Apartments, located within The Crossings at Conestoga Creek, a new mixed use development with retail, multifamily and hospitality components. With 258 high-end residential units in six 4-story elevatored build- ings, the property caters to a contemporary “cool-conve- nient” lifestyle, embodying a live-work-stay-play mental- ity. Community amenities include onsite garages, resident storage rooms, and a bike storage and repair facility. An outdoor pool, firepit, outdoor kitchen and entertaining ar- eas are adjacent to the clubhouse, which features a 24- hour fitness center, conference room, package concierge, game room, demonstration kitchen, and lounge.

Location: Columbia, PA Size : 120,000 SF

Two, three-story wood framed independent living apartment buildings are connected by a community center expand- ing the capacity and living options at St. Anne’s Retire- ment Community. The independent living buildings feature one- and two-bedroom floor plans of large, open living and kitchen spaces with each resident having the opportunity to customize their own home. The buildings feature internal ac- cess to a secured lower level parking garage.

Congratulations, Team!

BEST OF 2019 PROJECTS

TOP Largest Multi-Family Project: The Crossings at Conestoga Creek Apartments

LEFT Unique Medical Property: Community Services Group

RIGHT Largest Hospitality Project: The Lancaster Marriott East Tower Expansion

1853 William Penn Way, Lancaster, PA 17601 (717) 291-2276 | www.highconstruction.com Your Success is our Highest Priority

M id A tlantic Real Estate Journal — March 27 - April 9, 2020 — The Best of 2019 — 7C OWNERS The BEST LARGEST PROPERTY of 2019 Strategic Funding Alternatives, LLC Woodland Falls Corporate Park 200/210/220 Lake Drive East, Cherry Hill, NJ

www.marej.com

In November 2019, Strategic Funding Alternatives, LLC acquired Woodland Falls Corporate Center on Lake Drive East and Route 38 in Cherry Hill, New Jersey for $33 million. Located on a 17 acres, the three building complex at 200/210/220 Lake Drive East combine for a total of 218,159 SF of class A office space. The Corporate Park currently boasts an approximate occupancy rate of 97%. With its convenient location and parklike setting, Woodland Falls has been a long sought after corporate park and SFA already has plans for common area and landscaping improvements. This was the firm’s largest acquisition to date.

Proud to Recieve The Mare Journal “Best of 2019” Awards Strategic Funding Alternatives, LLC

Fastest Growing F i rms 23 Property Holdings 1 Million+ SF

Best Largest Property Woodland Falls Corporate Park Cherry Hill, NJ

Pictured: 1020 Laurel Road, Voorhees, NJ

856.437.6196 SFARealEstate.com

8C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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The LARGEST ACQUISITION of 2019

Morgan Properties Morgan Communities 18,000 units

NAI James E. Hanson 130 AC Moore, Berlin, NJ 750,000 s/f

Bussel Realty Corp 1001 Roosevelt Ave, Carteret, NJ 97,000 s/f

Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced it has arranged the sale of 1001 Roosevelt Avenue in Carteret, NJ, to Seagis Property Group for an undisclosed amount. Sitting on 3.67 acres, 1001 Roosevelt Avenue is a multi-tenanted industrial building totaling approximately 97,000 SF. Steve Bussel, president of BRC, SIOR, represented the seller. Seagis Property Group was represented by Jordan Metz, senior vice president of BRC. “E-commerce and the “Amazon- effect” have shifted consumer behavior, creating a major paradigm-shift in the retail (now e-tail) landscape. Simply put: we buy more and more online and that’s not slowing down. The subsequent demand for last mile warehouse space for swift delivery of these online purchases has continued to soar, outpacing any conceivable levels of current supply. With units ranging from 5,000 to 25,000 SF and up, vacancy rates in the market hovering at 1.5 percent, and easy ac- cess to one of the nation’s most heavily trafficked highway networks, Seagis is well-positioned to capture a myriad of tenants seeking functional space in a prime last-mile location at 1001 Roosevelt Avenue.

In October 2019, King of Prussia, PA-based Morgan Proper- ties became the fifth largest apartment owner in the country when it acquired a portfolio from Morgan Communities -- an unaffiliated company based in Rochester, New York. The months-long, extremely complex portfolio transaction resulted in Morgan Properties acquiring nearly 95 apart- ment communities encompassing approximately 18,000 units across 8 states: Pennsylvania ; New York; Tennessee; Illinois; Indiana; South Carolina; Alabama; and Ohio. This transaction solidifies Morgan Properties’portfolio concentra- tion in the Mid-Atlantic and Northeast Region and position as the largest multifamily owner/operator in the states of Pennsylvania, Maryland and New York.

The property was purchased Columbia Property Investors fromm AC Moore and was then leased to The Michaels Companies who will use the property to service their regional stores as well as their east coast ecommerce business.

The TOP REAL ESTATE INVESTMENT FIRM of 2019

Marcus & Millichap-PA Centre Square Commons Blue Bell, PA

Procida Funding The View at Middlesex Middlesex, NJ

Institution/Borrowers: Procida Funding & Advisors Known for its vision and capital to get deals done, Procida provided a $39 million con- struction loan to repeat client Forte Real Estate Development for “The View at Middle- sex,” a new multifamily property, revitalizing vacant, under-utilized properties. Procida was able to fulfill the client’s needs by closing the loan in two weeks and assuring that the construction remained on schedule. Plans feature a 255,000 SF, five-story building with 200 amenity-filled apartments and retail spaces. Procida’s philosophy to do good and have a positive impact is at the heart of its success; the company is now celebrating its 25th year in business and completed $134 million in financing in 2019.

Institution/Borrowers: IPA-Marcus & Millichap Centre Square Commons was carefully designed with only the highest level of quality fin- ishes including paver lined streetscapes, abundant master-planned landscaping, and stone bordered facades. Developed in 2017, the shopping center is situated strategically at the heart of Blue Bell at the corner of Route 202 and Route 73, carrying over 38,000 cars per day. In addition, the shopping center shares two traffic signals with anchor retail traffic generators including Wawa, CVS, and Center Square Plaza, anchored by HomeGoods, Kohls, and McCaffrey’s Grocery Market. This, along with average household incomes of over $149,000 within three miles of the center, appeals to the strong tenant lineup of service-oriented tenants.

M id A tlantic Real Estate Journal — The Best of 2019 — March 27 - April 9, 2020 — 9C

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The BEST of 2019

LARGEST MULTIFAMILY ACQUISITION

The bigger we get, the better we get.

It’s an honor to receive the 2019 award for Largest Multifamily Acquisition.

Morgan Properties is now the fifth-largest apartment owner in the country with our recent portfolio acquisition of Morgan Communities, an unaffiliated company based in Rochester, New York. We added 95 apartment communities and nearly 18,000 units across 8 states — Pennsylvania, New York, Tennessee, Illinois, Indiana, South Carolina, Alabama, and Ohio.

We’re also proud to be the largest multifamily owner/operator in the states of Pennsylvania, Maryland, and New York. Through continued growth, we remain committed to making a positive impact on the communities we serve.

morganproperties. com

10C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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JLL Liberty Towers Jersey City, NJ The LARGEST MULTIFAMILY SALE of 2019 Gebroe-Hammer Associates North Jersey Metro Portfolio Essex & Bergen Counties, NJ Greysteel Elsinore Courtyard and Fitch Apartments

Elsinore Courtyard

Forest Hill Properties, Bloomfield, NJ

Location: Washington, D.C. Brokers: Ari Firoozabadi, W. Kyle Tangney, Herbert Schwat, Christian Alves, Dutch Seitz Greysteel President & CEO, Ari Firoozabadi; Managing Director, W. Kyle Tangney; Director, Herbert Schwat; Senior Investment Associate, Christian Alves; and Invest- ment Associate, Dutch Seitz arranged the receivership sale of Elsinore Courtyard and Fitch Apartments, a 227- unit multifamily portfolio in Southeast Washington, D.C. They sold the Property on behalf of the receiver, E & G Group, and solely procured the Buyer. The Properties sold for $21,750,000. “There were a lot of moving parts to this transaction con- sidering the nature of the receivership sale and the number of parties involved with the transaction,” said Managing Director, W. Kyle Tangney. “It was our pleasure to have leveraged our experience on behalf of the receiver as an expert in both the market and special asset services in a potentially complicated sale.”

Size: 1,831 units Brokers: Ken Uranowitz, President, & Joseph Brecher, Executive Managing Director, engineered the sale with team members Executive Vice President Greg Pine & Senior Vice President Debbie Pomerantz As the largest New Jersey Portfolio Sale of 2019, this 1.12 MSF, 134-building package spanned New Jersey’s high-barrier-to-entry West Essex and Bergen County sub- markets, just a few miles from Midtown Manhattan. Each apartment-home community offers walkable proximity to transit as well as a short distance to upscale retail, dining and cultural attractions. In terms of unit mix, the histori- cally stabilized, well-occupied portfolio featured market- unique floorplans of studios to two-bedroom duplexes. Gebroe-Hammer Associates exclusively represented the seller, a private unnamed investor, and procured the buyer, a NYC-based real estate investment company drawn to the portfolio’s grand-scale value-add potential.

Kevin O’Hearn

Jose Cruz

Michael Oliver Steven Simonelli

Size: 648 Units Brokers: JLL’s Jose Cruz, Kevin O’Hearn, Michael Oliver and Steven Simonelli Sale of a two-tower, 648-unit multi-housing property lo- cated at 33 Hudson Street in Jersey City, New Jersey.

M id A tlantic Real Estate Journal — The Best of 2019 — March 27 - April 9, 2020 — 11C

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The BEST of 2019

GH-MAREJ Best of 2019 Ad 0320 FP v2.indd 1

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12C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal

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The LARGEST OFFICE LEASE of 2019

Vision Real Estate Partners Warren Corporate Center Warren, New Jersey

Stockton Real Estate Advisors, LLC 4 Penn Center Philadelphia, PA

Sheldon Gross Realty, Inc. Ridge Corporate Center Park Ridge, New Jersey

Size: 315,086 SF Brokers: Landlord

Size: 173,007 SF Brokers: Michael Dolan

Robert Donnelly, Cushman & Wakefield Robert Donnelly Jr., Cushman & Wakefield Tenant

The General Services Administration executed a 15-year lease for the Environmental ProtectionAgent (EPA) to lease 173,007 rsf on a portion of the first floor, floors 1 through 6 and the 19th/20th floors at Four Penn Center in Philadel- phia. Securing the EPA catapulted the building occupancy to 93.47% leased. This means the EPA will leave its long- time home of 1650 Arch St., where it has been since 1998. Four Penn Center is a class A property located at 1600 John F. Kennedy Blvd. The GSA joins the blue chip roster of ten- ants such as RELX, Post & Schell and Bank Of America.

Jeff Babikian, CBRE Eric Deutsch, CBRE

Robert Nathin

Everest Reinsurance’s 315,086 SF, 16-year lease to relocate its corporate headquarters to Warren Corporate Center in Warren, N.J., signals a new model for success in today’s evolving office landscape. The deal didn’t merely set a new record in 2019 it was among the top ten largest office leases in the Northern New Jersey market over the past decade. But with the rise of telecommuting and following nearly stagnant office leasing during the first half of 2019, it also shows the significance of providing a unique experience at office.

Size: 111,000 SF Brokers: Robert Nathin

Promotion In Motion, a manufacturer of fruit snacks, fruit rolls and other snack food products will relocate its corporate headquarters to Park Ridge from Allen- dale, NJ.

The Most UNIQUE INNOVATIVE TENANT AMENITY SPACE FOR OFFICE COMPLEX of 2019 Alfred Sanzari

Kinsley Construction, Inc. MOI at McHenry Row Baltimore, MD

Bergman RE Group & Time Equities, Inc. Jefferson Exchange

Glenpointe Teaneck, NJ

Location: 100/110 South Jefferson Road, Whippany, NJ Size: 2 – 3 story class Aoffice buildings totaling 172,000 SF Owners: Bergman Real Estate Group and Time Equities Bergman Real Estate Group and Time Equities built a 8,400 SF lounge and The Quad - Coworking Space at Jefferson Exchange in Whippany, NJ. • A 3,000 SF executive lounge with a staffed espresso bar • Seating areas outfitted with modern, comfortable furniture and shared workspace • The Quad – 13 Co-working executive suites with glass walls sized for startups and entrepreneurs to fit 1-6 people. Fully fur- nished for short term rentals. Total coworking area is 3,700 SF. • Upgraded full service Café with new seating and décor • A fully-equipped gym with lockers and shower room • Shared conference and training center which tenants can use for large meetings, training sessions and more with multimedia equipment • An art studio with instruction from local artists • Game area with ping-pong and pool tables and seating areas • Massage room with licensed masseuse • Nursing room • An app-based bike-sharing program which tenants can use to ride to lunch or travel around Jefferson Exchange campus • Newly landscaped grounds with walking paths and outdoor seating areas • Art in Buildings program

Size: 670,000 SF; 50 acres Brokers: Jeff Schotz, Peter Rossi, Dan Reider, David Simson, Newmark Knight Frank To enhance Glenpointe’s tenant experience, Alfred Sanzari Enterprises partnered with Better Spaces, a technology- driven tenant engagement platform. The service operates out of a 1,500 SF community lounge “The Pointe,” and other shared spaces accessible via the Better Spaces app, which is the “key” to unlock amenity space, sign up for programs, and book private rooms. Featuring robust programming cu- rated by an on-site community management staff, activities range from ping pong tournaments to yoga, art shows, chair massages, nature hikes and more. The platform also provides measurable >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 Page 49 Page 50 Page 51 Page 52

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