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R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
ISSUE HIGHLIGHTS Volume 29, Issue 2 Jan. 27 - Feb. 9, 2017
BioMed Realty sells the GSK Global Vaccine Centre in Rockville, MD HFF closes $337.5million sale/ arranges financing for 635,058 s/f research facility
R OCKVILLE, MD — Holliday Fenoglio Fowler, LP (HFF) announced that it has closed the $337.5 million sale of and arranged financing for the GSK Global Vaccine Cen- tre, a three-building, vaccine research and development facility totaling 635,058 s/f in Rockville. HFF marketed the prop- erty on behalf of the seller, BioMed Realty (which is owned by affiliates of Black- stone Real Estate Partners VIII ), and procured the buyer. Additionally, HFF worked on behalf of the new owner to secure an acquisition loan through Goldman Sachs . The GSK Global Vaccine Centre is fully leased to a whol- ly-owned subsidiary of Glaxo- SmithKline. Originally built in 2003, the three-building facility is situated on a 28.09- acre site at 14200 Shady Grove Rd. in the heart of the I-270
SPO TLIGHTS
ECONOMIC DEVELOPMENT 11-17A
Section C 2017 FORECAST
UPCOMING CONFERENCES February 2, 2017 Philadelphia Multifamily Summit February 3, 2017 3 rd Annual NJ Industrial Real Estate / Development Summit March 9, 2017 3rd Annual NJ Land Development Summit For speaking and sponsorship information, please contact: Linda at 781-871-3456 or [email protected]
GSK Global Vaccine Centre University of Maryland Shady Grove Life Sciences Center and Johns Hopkins University Belward Campus. The HFF investment sales team representing the sell- er was led by Jim Meisel ,
corridor, commonly known as “DNA Alley.” This location is within close proximity to the National Institutes of Health, the National Cancer Institute Headquarters, the U.S. Food and Drug Administration, the
Dek Potts , Andrew Weir , Stephen Conley and Matt Nicholson . HFF’s debt placement team representing the borrower was led by KevinMacKenzie , Cary Abod and Lee Redmond . n
Kislak’s Gralla arranges commercial sales totaling $41+m in Northern & Central NJ
sented the seller and Gralla represented the purchaser. - $1.321 million sale of two 7-unit apartment buildings on South Harrison St. and Elmwood Ave. in East Orange. Sweetwood and Gralla repre- sented the seller and Gralla represented the purchaser. - $1.17 million sale of a half- acre of land on which to build 19 units on Hillside Ave. in Metuchen. Gralla represented both parties. - $1,041,458 sale of a 14,878 s/f New Jersey Motor Vehicle Commission inspection station on South Second St. in Plain- field. Gralla and vice president Jeff Squires represented the seller and Gralla represented the purchaser. - $705,000 sale of 12 apart- ments on Verona Ave. in New- ark. Gralla represented both parties. In 2012, Gralla won the Kis- lak’s Rookie of the Year award and since then has completed transactions valued at more than $65 million. n
and worked i n c o n c e r t w i t h s e v - eral Kislak c o l l e a g u e s to complete them. “Julie had an extraordi- nary year,”
WOODBRIDGE, NJ — The Kislak Company, Inc. announced the recent sale of seven commercial properties in northern New Jersey with a to- tal of 152 residential units, four retail spaces, a half-acre of land and a Motor Vehicle Commis- sion inspection station. Sales associate Julie Gralla was in- strumental in each transaction
Julie Gralla
The Gateway
said Robert Holland , presi- dent. “The demand for multi- family and other investment properties is as strong as ever throughout New Jersey, and Julie did an amazing job get- ting properties for sale and procuring the right buyers for many of them.” The separate transactions include the: - $32.775 million sale of The Gateway, a new luxury apart- ment building with 57 units and 9,000 s/f of class A retail space in South Orange. Senior vice president Joni Sweet- wood represented the seller and Gralla and Sweetwood represented the purchaser. With a per unit price well
over $500,000, the sale of The Gateway exceeded the previ- ous record for the highest sale price per unit for an apartment building in all of Essex County by more than $100,000 per unit according to >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 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76
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