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ISSUE HIGHLIGHTS Volume 32, Issue 16 Sept. 11 - 24, 2020
Fertman, Matus, Cole and Weaver complete transactions NAI Mertz closes sale of two industrial buildings totaling +425,000 s/f inMuncy, PA this year.
ILKES-BARRE, PA — NAI Mertz , a full-service com- mercial real estate firm con - ducting business throughout the United States, and glob - ally, from its offices in New Jersey, the Greater Philadel - phia Region and Northeastern Pennsylvania, recently an - nounced that Howard Fert- man , vice president, national accounts along with the Wil - kes-Barre team of Chris Ma- tus , senior associate, Steve Cole , vice president/SIOR, and Dave Weaver , vice president/ SIOR, completed the sale of 1203 Lycoming Mall Circle in Muncy. The 235,000 s/f class A eCommerce distribution/retail facility was sold to eCommerce firearms merchant EuroOptic, LLC. The team also sold 490 S. Lycoming Dr., a 190,800 s/f class A distribution center, to Patton Warehousing, earlier W
The buildings are part of an industrial and land portfolio that the team has been ex - clusively marketing on behalf of the seller, S. Balolia Hold - ings, LLC. A 31.54-acre KOZ designated development site remains available. “We are very pleased to have sold the two distribution centers on behalf of Grizzly Industrial and now our singular focus is on achieving the same success with the 31.54-acre KOZ devel - opment site,” stated Fertman. “The development site provides great visibility with frontage to I-180 along with easy access to I-80 and represents an excel - lent investment opportunity in a mixed use industrial, retail and general commercial set - ting. This is especially the case with the near completion of PennDOT’s US Rte. 15 expan - sion project”. MAREJ
SPOTLIGHTS
FINANCIAL DIGEST FEATURING 1031 EXCHANGE & APPRAISAL
1203 Lycoming Mall Circle in Muncy
5-15A
Southern NJ Chapter
14-15A
UPCOMING WEB CONFERENCES September 2020 5 th Annual PA Healthcare & Medical Conference October 1, 2020 6 th Annual NJ Industrial Development Conference For speaking and sponsorship info., please contact: Lea at 781-740-2900 or [email protected] Section B NEW JERSEY/ PENNSYLVANIA
490 S. Lycoming Dr.
Christopher Todd&Scott Perkins of NAI Hanson represent CenterPoint in transaction Centerpoint acquires trophy last-mile site in the Northern New Jersey submarket of Elizabeth
ELIZABETH, NJ — Cen- terPoint Properties an -
miles from the Newark Inter - national Airport and has im -
nounced the acquisition of 349-369 1st St. in Eliza - b e t h . T h e rectangular 8.25-acre site is located one mile from the Port , three
mediate ac- cess onto the New Jersey Tpke. Significant e-commerce abso rp t i on in northern N e w J e r - sey has in -
Christopher Todd
Scott Perkins
creased demand for last-mile sites with excess parking. Additionally, the site is proxi - mate to one of the largest ports in the country, offering future flexibility for uses such as parking, yard or warehouse development. “This site aligns with the CenterPoint investment thesis of acquiring infill real estate with tremendous parking and future development optional - ity. The ability to acquire a site of this quality in the Elizabeth submarket is the equivalent of finding a needle in a hay - stack,” said Evan Lippow , CenterPoint vice president of
Directory ROP (Front Section) .................................... Section A Commercial-Industrial Realty Council Delaware.. IC A Contributing Columnist .. Melissa Nortz, HF Planners, LLC It’s Not Easy Being Green, or Is it? ........................ 2A Financial Digest ................................................ 5-15A Organization Calendar of Events ........................ IBCA New Jersey.......................................................1-14B Northern NJ. ....................................................7-11B Pennsylvania .................................................15-BC B Business Card/Billboard Directory.......................23B www.marej.com
349-369 1st St. in Elizabeth, NJ
gion from both an investment and development perspective. This transaction will put Cen - terPoint at $500M invested in the New Jersey/New York area alone since 2017. We are also excited about our new development project at 49 Rutherford in Newark, which is under construction and available for lease,” said PJ Charlton , senior vice president of investments at CenterPoint. MAREJ
investments. The site was acquired in an off-market transaction andwas structured as a sale-leaseback. Christopher Todd and Scott Perkins from NAI Hanson in New Jersey represented Cen - terPoint in the transaction. Marc Imrem, J.D. DeRosa and Colby Moore from Tran- swestern in Chicago repre - sented the seller. “CenterPoint remains ex - tremely active in the East Re -
Inside Cover A — September 11 - 24, 2020 — M id A tlantic Real Estate Journal
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Commercial-Industrial Realty Council Great CRE Events...Cont. Education...Speakers...Networking
SCHEDULE OF EVENTS September 9 (Wed) - Virtual Membership Event (Logistics & Lodging) Time: 12:00-1:00 pm Register online for this free event: www. circdelaware.org/meetings/nextMeeting.cfm Oct. 7 (Wed.) - Delaware Lab Roundtable We invite you to hear about the local, regional, and global market demands driving the need for “ready-to-go” lab space for companies that are growing in, or looking to relocate to, Delaware. Oct. 14 (Wed.) - Virtual Membership Event Nov. 11 (Wed.) - Joint "Dinner" Event - SIOR, CCIM, CIRC (TBC) Visit us at: www.circdelaware.org CONTINUING EDUCATION Instruction by Frederick Academy of Real Estate Stay tuned for our upcoming schedule of 2021 continuing education classes www.CircDelaware.org
2020 Directors
Logistics & Lodging A Tale of Two Cities?
—OFFICERS—
Thomas J. Hanna, presi- dent of Harvey Hanna & Associates will speak to CIRC's members and guests at its September 9 th virtual membership event. TJ will discuss his company's two main areas of commercial real estate expertise: Logistics and Lodging - and what those areas of real estate look like in 2020 as a result of the on-going COVID-19 pandemic. Until we are able to return to in-person events, we hope you will take the time to attend a virtual membership event and get to know us better. We are pleased to offer these virtual events free of charge at this time. Hopefully in the future you'll consider
President: Robert Stenta Pettinaro Management, LLC
Vice President + Program Chair: Jay L. White , MAI, CRE® Apex Realty Advisory Treasurer: Barton L. Mackey, Jr. Patterson-Woods Associates
Thomas J. Hanna President Harvey Hanna & Associates
Secretary: Bayard Snyder , Esq. Bayard & Associates
supporting CIRC with your membersip. The September 9th event begins at 12:00 noon. Registration is required to get the link to join. Visit our Info/ Newsletter/Archive PRESENTATIONS to view past events. CIRCdelaware.org
— D I R E C T O R S —
Education Chair: Cynthia Fleming Jones Lang LaSalle
Membership Chair: James Manna BrightFields, Inc.
Classes Accredited: DE*PA*MD*NJ
Past President: Donald Robitzer The Commonwealth Group Benjamin Berger , Esq. Berger Harris, LLC Carmen Facciolo NAI Emory Hill Michael Hahn 44 Business Capital Jim O’Hara , Jr. NAI Emory Hill-Retail Division Lorraine Sheldon NAI Emory Hill Daniel Wham DSM Commercial Real Estate Ryan Kennedy Harvey Hanna & Associates
Twin Spans, New Castle, Delaware
Hyatt Place Dewey Beach, Delaware
— E X - O F F I C I O B O A R D M E M B E R S —
Business Manager Janet Pippert Landmark Science & Eng. Legislative Lobbyist C. Scott Kidner C. S. Kidner & Associates Legislative Affairs Chair William Lower Harvey Hanna & Associates
Economic Dev. Liaisons New Castle County Robert Chadwick NCC Chamber State of Delaware Joseph Zilcosky Div. of Small Business Kurt Foreman Del. Prosperity Partnership City of Wilmington Jeffry Flynn
c o n t a c t u s [email protected] / (302) 633-1705 www.circdelaware.org
M id A tlantic Real Estate Journal — September 11 - 24, 2020 — 1A
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& HORVATH TREMBLAY
SINGLE TENANT NET LEASE | MULTI-TENANT RETAIL | 1031 EXCHANGE
1,000+ TRANSACTIONS IN 42 STATES
$5 BILLION+ IN RECENT TRANSACTIONS
TOP RANKED INDUSTRY LEADING FIRM
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
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