Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

02/07/2017 Deal

iboss Cybersecurity Leases 19,300 Square Feet in Downtown Boston

Cushman & Wakefield

Cushman & Wakefield announced that it has represented iboss Cybersecurity, a global cybersecurity company, in its 19,300-square-foot lease at 75-101 Federal Street, in Boston. As a global cybersecurity company, iboss protects thousands of enterprises, service providers and government networks against a new age of cyber threats. iboss will be leasing its new Boston office from Rockpoint Group, who acquired the complex in the second Quarter of 2015. “After evaluating a number of offices and locations with our real estate partner Cushman & Wakefield, we chose to relocate our Boston team to 101 Federal Street,” said iboss CEO Paul Martini. “We are extremely pleased with the location, office space and amenities. 101 Federal Street is one the best properties in Boston and supports our overall vision and growth objectives.” iboss was represented by Brian Hines, Vice Chairman, and Malcolm See, Senior Associate, of Cushman & Wakefield, while Dave Martel, Executive Managing Director; Tim Bianchi, Senior Managing Director; and Ali Cavanaugh, Managing Director, from Newmark Grubb Knight Frank represented the landlord. “iboss is an incredible company, and it was a pleasure working with them as they secured their new home in Boston,” said Hines. “We believe that iboss’s exponential growth will continue within the building, and we look forward to their further success.” The property is a 31-story, 564,000-square-foot office building, which includes a tenant-only fitness center as well as a newly renovated lobby. With its lease of 19,300 square-feet, the Cybersecurity company will be occupying a full floor in the building. An important aspect of the deal was that the space had been constructed on a speculative basis. A significant aspect of this transaction is the fact that Rockpoint Group made the decision to construct a full floor office suite on a speculative basis in hopes of attracting a high-growth company with an immediate need to expand. ###

Contact: Mikayla Michienzi, 617-536-3324

02/03/2017 Company News

Local Professional Plays Key Role in Crafting National Building Industry Guide

Bullock Tice Associates

Johnny Fortune, BIM/IT Director for the Pensacola-based architectural/interior design firm Bullock Tice Associates (BTA), is an author of the National BIM Guide for Owners (NBGO); recently unveiled during Building Innovation 2017: The National Institute of Building Science’s (NIBS) Annual Conference and Expo in Washington DC. While Building Information Modeling (BIM) is emerging as the building industry’s primary communication and collaboration technology for design and construction, its application across the industry is widely varied in terms of harnessing its potential horsepower. Recognizing this, NIBS compiled a carefully balanced, integrated team that has worked for the past year to craft the NBGO. The team developed the guide under the premise that BIM, in and of itself, is not the end but rather the means to a number of potential valuable project delivery outcomes for the building owner. The 36-page NBGO addresses three broad areas the building owner should understand in order to work effectively with the Project BIM Team: Process; Infrastructure and Standards; and Execution. It is an executive-level approach that equips the Owner with necessary information to align BIM with their specific project goals. In addition to BTA’s Fortune, the NBGO team consisted of members from Cushman & Wakefield’s Asset Management Division, BOMA International, Professors from Penn State University and the University of Washington, and ASHRAE.

Contact: Johnny Fortune, 850-434-5444

02/02/2017 Personnel News

Burke Construction Group welcomes Tim Bennett to their Operations Team

Burke Construction Group, Inc.

Burke Construction Group is pleased to announce the addition of Tim Bennett as Senior Project Manager. A graduate of the Del Web School of Construction at Arizona State University, Tim earned his Bachelor’s degree in construction and business management. Tim also attended Boise State University and holds certification as an OSHA 500, and American Institute of Constructors (AIC) Trainer. With a career spanning over 20 years in the construction industry, Tim has managed some of the largest and most notable projects in southern Nevada - including the McCarron Airport Terminal 3 Expansion, the Mandalay Bay/Delano Hotel Re-Branding, and the Clark High School Renovation. “With Tim’s experience and credentials, he will serve as an asset to our Operations team. We are thrilled to welcome him on board,” said Burke Vice President of Operations, John Travassos. For more information, please contact Melina De Hoyos with Burke Construction Group at (702) 367-1040 or mdehoyos@burkecgi.com.

Contact: Melina De Hoyos, 702-367-1040

02/02/2017 Personnel News

CARH Names Katie Alitz Member of the Year

Boston Capital

The Council for Affordable Rural Housing (CARH) named Katherine M. Alitz, a Senior Vice President of Boston Capital, as the 2016 Member of the Year. The award was presented at the annual Midyear Meeting, January 23-25, 2017, in Sarasota, Florida. It recognizes an outstanding CARH member who has demonstrated a significant commitment to the association and to the affordable rural housing industry. Recipients are nominated by fellow CARH members and selected by the CARH Awards Committee. The award is presented each January at a special ceremony at the Midyear Meeting. Ms. Alitz is the 20th CARH member to be honored as Member of the Year since 1997. CARH was formed in 1980 through the efforts of Boston Capital and other companies in the affordable housing industry. Boston Capital has been an active member since CARH's organization. Ms. Alitz served on the Board of Directors, chaired several committees and served as president of the CARH Board from June 2010 - June 2012. In presenting the award, Kevin Flynn, Awards Committee Chair and 2015 Member of the Year, stated that, "Katie has worked tirelessly through the years to promote the issues that the affordable housing industry relies upon to be successful in an increasingly difficult environment. We are privileged to have her as a CARH member and delighted that her peers have chosen her for this honor."

Contact: Allison E. Marino, 617-624-8678

01/30/2017 Personnel News

ALESSANDRO (ALEX) CONTE BECOMES SHAREHOLDER IN THE BLAU & BERG COMPANY AND IS NAMED EXECUTIVE VICE PRESIDENT

The Blau & Berg Company

The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has named Alessandro (Alex) Conte, CCIM, SIOR, a shareholder in the company. He has also been named Executive Vice President. “Alex’s dedication to the company and our clients is unparalleled,” noted Jason M. Crimmins, President. “His vested interest in The Blau & Berg Company will only continue to drive our success in the future.” Conte joined The Blau & Berg Company in 2003 after graduating from William Paterson University and quickly became instrumental in the growth of the business. As Executive Vice President and Principal, he is responsible for overseeing capital markets, client growth and supply chain & logistic representation. “Little did I know 15 years ago, while interviewing for a career in the prestigious real estate field, I would be getting the most prudent business advice of my life right out of college. Ken Crimmins instilled in me then that above all, the keys to success in this or any field were honesty, integrity and perseverance,” said Alex Conte. “Providing our customers and clients with sound advice backed by a storied tradition in client relations has been the cornerstone of The Blau & Berg Company. Today, by use of cutting edge technology we continue the tradition of old, and yet still stay ahead of our competition, giving our clients the best possible results.” About The Blau & Berg Company The Blau & Berg Company (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.

Contact: Whitney Driver-Crimmins, 973-379-6644

01/20/2017 Personnel News

Burke Construction Group Appoints Shana Jackson to their Operations Team

Burke Construction Group, Inc.

Burke Construction Group is pleased to announce the addition of Shana Jackson as Assistant Project Manager. Shana earned her Bachelor of Science Degree in Construction Management from California State University, Chico. Her career in the construction industry spans over seven years, where she has been involved in some of Southern Nevada’s most notable projects including the Remodel for Zappos Headquarters at the Old LV Metro Chamber of Commerce, Silverton Timeshares, and the North Las Vegas Readiness Center. “We are very excited to have someone with Shana’s experience join our company – fulfilling a vital role,” said Burke Vice President of Operations, John Travassos.

Contact: Melina De Hoyos, 702-367-1040

01/19/2017 Personnel News

TRAMMELL CROW COMPANY PROMOTES MARK DISHAW TO PRINCIPAL IN ATLANTA

Trammell Crow Company

Trammell Crow Company (TCC) announces that Mark Dishaw has been promoted to Principal with the firm’s Atlanta Business Unit. In this role, he will continue to oversee all operational functions of the office and be responsible for sourcing and executing new industrial development and investment opportunities throughout the Greater Atlanta market. “Mark Dishaw joined TCC in 2013 as a Senior Vice President to re-open TCC’s office in Atlanta and to create development and investment opportunities throughout the Greater Atlanta area for TCC,” said Adam Saphier, President, Central Operations and Capital Markets for TCC. “Since that time, he has achieved this goal and more. He has hired a best-in-class team which has developed approximately 2.3 million square feet. In addition, we are expected to break ground on nearly 1 million square feet throughout the Greater Atlanta area early this year, expanding our platform’s growth in such a great city.” With more than 30 years of commercial real estate experience, Mark has managed the development, leasing, acquisition and property management of more than 18 million square feet of commercial real estate valued at $700 million. His areas of expertise include development, acquisitions, asset management, construction management, marketing and financial analysis.

Contact: Lauren Sears, 214-863-4292

01/17/2017 Personnel News

Burke Construction Group, Inc. Announces the Promotion of Thad Lawrence to Vice President of Preconstruction Services

Burke Construction Group, Inc.

Burke Construction Group is pleased to announce the recent promotion of Thad Lawrence to Vice President of Preconstruction Services. Since joining Burke in 2008, Thad distinguished himself early-on. During his tenure, he worked in the capacity of Project Manager and joined the Estimating and Preconstruction team, where he combined his years of experience in Operations. Since that time, he was promoted to a Senior Estimator and Director of Preconstruction Services, where his leadership has been instrumental in delivering numerous successful projects, and, in particular, directing our Federal Projects with our Strategic Partners and the Pirch National Store Roll-out - as both a Development Manager as well as the Project Executive. A LEED® Accredited Professional and certified U.S. Army Corps of Engineers Construction Quality Management specialist, Thad is also a member of National Association for Industrial and Office Parks (NAIOP) Southern Nevada Chapter and remains active within the industry - attending Nevada Contractors Association (NCA) and Associated Builders and Contractors (ABC) events throughout the year. Thad, along with Vice President of Estimating, Dimitri Mihaloliakos, will continue to lead the Estimating and Preconstruction Services efforts - committed to driving continued success. "Thad’s energy is infectious and as such we look forward to his continued leadership to grow and guide our Preconstruction Services,” said President & CEO, Kevin Burke.

Contact: Melina De Hoyos, 702-367-1040

01/12/2017 Company News

Rick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% Cap Rate

Calkain

Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Dairy Queen in Franklin, Va. “Our marketing approach continues to yield industry leading cap rates,” said Fernandez. “Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options,” Fernandez continued. Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating offers to closing. The buyer viewed the strong performing DQ Grill & Chill as ideally situated real estate along the small town of Franklin’s retail core as the critical factors in acquiring the property.

Contact: David Sobelman, 813-282-6000

01/10/2017 Personnel News

Lydig Construction’s Craig Greene Appointed to Vice President of Operations

Lydig Construction

: Lydig Construction is pleased to announce the promotion of Craig Greene to vice president of operations. Based in Lydig’s Bellevue office, Craig is responsible for managing the staffing and resourcing of projects to ensure that our team members deliver projects on schedule, under budget, and place them in positions best suited to execute Lydig’s mission to attain long-term client preference as a provider of premier construction services. Additionally, he will be focused on helping our team members grow through training, mentoring and project opportunities.

Contact: Heather Brown, 425-885-3314

01/10/2017 Company News

Boston Capital Invests in Two Affordable Communities for Seniors with Preservation of Affordable Housing, Inc.

Boston Capital

Boston Capital is investing in the renovation of two affordable apartment communities for seniors in Melbourne, Florida: Trinity Tower South, a 162-unit development and Trinity Towers East, a 156-unit development. The general partner is Preservation of Affordable Housing, Inc. (POAH), based in Boston. Boston Capital also partnered with POAH on the renovation of Trinity Towers West, a 192-unit apartment community for seniors in Melbourne completed in 2015. The developments will be renovated with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. Rental homes are available to seniors ages 62 and older whose income is 60 percent or less of the Area Median Income (AMI). POAH acquired Trinity Towers East, West and South from Holy Trinity Episcopal Church in June 2013. The acquisition of the properties by the Boston-based nonprofit allowed Holy Trinity to fulfill its mission in other areas while preserving these affordable housing resources from being lost to the market. Trinity Towers West was the first of the properties to close on equity and construction financing. Florida Housing Finance Corporation awarded the property 9% tax credits which were syndicated by Boston Capital with Citi Community Capital as the investor.

Contact: Allison E. Marino, 617-624-8678

01/09/2017 Deal

Calkain Companies Completes Applebees Real Estate Portfolio Sale for $46 Million

Calkain

David Sobelman and Teal Henderson of Calkain Companies completed a $46 million portfolio sale of Applebee's-occupied real estate. The fourteen (14) triple net lease (NNN) assets, located primarily in West and Central Florida, were sold to individual buyers for each location. Buyer interest came from as far away as South America, China and Europe but the majority of the assets were sold to US-based investors looking for passive income attached to strong real estate locations. The decision was made by the seller to patiently sell each asset in the open market which yielded Calkain's client over an estimated $8 million, over 18%, in additional proceeds than selling all of the assets in one portfolio transaction. Teal Henderson commented, "There are times in the life cycle of real estate ownership where you have to decide whether or not to hold or sell assets. Whatever the motivation, its important to know the value of an owner's assets in regular increments; Calkain suggests annual reviews of real estate values. By explaining to our client how much their assets were worth in either scenario, a portfolio sale or individual sales, they made the decision to try and maximize the value of their assets and sell each property individually." David Sobelman continued, "With over $10 billion in sales since our inception, its clear that we're able to handle large scale transactions as well as individual sales. We enjoy helping our clients decipher the merits of any situation."

Contact: David Sobelman, 813-282-6000

01/07/2017 Company News

Eleven Bernkopf Goodman LLP attorneys recognized as 2016 Massachusetts Super Lawyers and Rising Stars

Bernkopf Goodman

Bernkopf Goodman LLP is proud to announce that eleven of its attorneys have been selected for inclusion in the 2016 edition of New England Super Lawyers and Rising Stars. Attorneys Eric R. Allon (Real Estate), Lydia G. Chesnick (Real Estate), Peter B. McGlynn (Construction Litigation), Richard B. Michaud (General Litigation), and Meredith A. Swisher (Business Litigation) have been selected as 2016 Super Lawyers. Matthew A. Gens (Business Litigation), Allen D. Hankins (Real Estate), Alison M. Kinchla (Business Litigation), David W. Merritt (Business Litigation), Robert W. Stetson (Business Litigation), and April L. Wilmar (Real Estate) have been named Rising Stars. Additionally, Lydia G. Chesnick has been recognized as one of the “Top 50 Women Attorneys in Massachusetts.” About Super Lawyers Super Lawyers, a Thomson Reuters business, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The listing has been published annually since 1991. The list of Rising Stars recognizes the top up-and-coming attorneys in the state — those who are 40 years old or younger, or who have been practicing for 10 years or less. Only 5% of the attorneys in the state are chosen each year for the Super Lawyers list, and no more than 2.5% of the lawyers in the state are named to the Rising Stars list. In selecting attorneys for inclusion on the 2016 New England Super Lawyers list and the 2016 New England Rising Stars list, a rigorous, multiphase selection process is used. Peer nominations and evaluations are combined with third-party research. Each candidate is evaluated on twelve indicators of peer recognition and professional achievement. Selections are made on an annual, state-by-state basis.

Contact: Jeannette Riendeau, 617-790-3000

01/07/2017 Company News

Lydia Chesnick, Partner at Bernkopf Goodman, Named to Super Lawyers “Top 50 Women Attorneys in Massachusetts” List

Bernkopf Goodman

Bernkopf Goodman LLP is proud to announce Lydia G. Chesnick, a real estate and business law partner, has been recognized by Massachusetts Super Lawyers as one of the “Top 50 Women Attorneys in Massachusetts.” According to the publication, attorneys receiving this designation have undergone a peer-review and research-based selection process. The Super Lawyers organization identifies those outstanding lawyers who have attained a high degree of peer recognition and professional achievement. “We are delighted that Super Lawyers recognized Lydia to be among its “Top 50 Women Attorneys in Massachusetts,” said Neil Markson, Managing Partner of Bernkopf Goodman. “She has outstanding skills as a real estate and business attorney. This recognition is well deserved.” Chesnick, a graduate of Boston University School of Law, has previously been recognized by the American Lawyer Media on its list of Women Leaders in the Law. She has achieved an AV Preeminent Peer Review Rating by Martindale-Hubbell, has been honored as a Massachusetts Super Lawyer (2010 through 2016), and was honored with a Massachusetts Lawyers Weekly “Top Women of Law 2015” award.

Contact: Jeannette Riendeau, 617-790-3000

01/05/2017 Deal

THE BLAU & BERG COMPANY ARRANGES SALE OF 54,126 SQ. FT. RETAIL PROPERTY IN NEWARK, NJ TO JJ OPERATING, INC.

The Blau & Berg Company

The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered the sale of a 54,126 SF retail property located at 237-249 South Orange Avenue in Newark, NJ, to JJ Operating Inc., a family owned real estate investment and management company based in New York, NY. Alex Conte, CCIM, SIOR, Jason Crimmins, CCIM, SIOR and Peter J. Murano, SIOR of The Blau & Berg Company were the procuring brokers representing the seller and buyer in the transaction. This free-standing retail property is in a prime location across the street from University Hospital, an independent medical center with more than 500 licensed beds, an active medical staff of more than 600, and over 3,000 employees. Formerly occupied by Pathmark and with Dunkin Donuts leasing 2,100 sq. ft. of space in a corner location on the property, JJ Operating plans to redevelop the building to enhance the exterior, add visibility on Bergen Street and provide customizable space opportunities to retailers, medical offices and other complementary businesses. Significant revitalization occurring in the area has already sparked the influx of national retailers within the vicinity, including well-known brands such as Marshall’s, PNC Bank and Rite Aid.

Contact: Whitney Driver-Crimmins, 973-379-6644

01/03/2017 Deal

Meridian Buys 105,000 SF Office Building in San Mateo County for $29 Million

Meridian

SAN RAMON, CA – Meridian, a full-service office property developer in California, is pleased to announce the purchase of 1000 Marina, a six-story 105,000 SF office building in San Mateo County, Calif. The seller was TA Associates, a private equity firm based in Boston, Massachusetts. Meridian paid just under $29 million for the 90%-leased building located in the Sierra Point Submarket in the city of Brisbane. The purchase closed in the final week of 2016 and represented Meridian’s second major office transaction in northern California since September when the firm sold The Atrium, a 77,000 SF office building in Pleasanton. According to Dan Rosenbaum, Meridian’s Senior VP of Acquisitions in northern California, “This acquisition represents our largest general office acquisition to date. The building is located in northern San Mateo County in a very vibrant sub-market. South San Francisco and Brisbane are the epicenter of the biotech universe and we think that 1000 Marina will continue to benefit from that.” John Moutsanas, VP of Acquisitions at Meridian added, “Working with CBRE investment brokers Joe Moriarty and Seth McKinnon was great. They created a process in which the purchase negotiations, due-diligence and closing went very smoothly. The existing CBRE listing team of Simon Clark and Matt Mulry has been doing a great job bringing the asset’s rents to market and will continue on as our listing agents.”

Contact: Dan Rosenbaum, SVP, 408-460-9911

Jones Lang LaSalle Trammell Crow Company