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.

08/16/2018 Company News


CapRock Partners

NEWPORT BEACH, Calif. – Aug. 16, 2018 – CapRock Partners, a Newport Beach-based industrial real estate investment and development firm, today announced the acquisition of a 26-acre land site in the Sorrento Mesa neighborhood of San Diego. Acquired from a private investor, this site will enable CapRock to provide build-to-suit solutions for industrial tenants or develop several speculative industrial buildings to satisfy pent-up demand in one of San Diego’s tightest industrial submarkets. This transaction follows CapRock’s robust activity in the San Diego area earlier this year with its two recent acquisitions totaling 250,000 square feet. The 91,000-square-foot acquisition of surplus corporate real estate in Scripps Ranch is currently undergoing major renovations, with completion slated for September. CapRock also is nearing completion on the renovation of 158,000 square feet of industrial space in Vista. Both are currently available for tenants. The site is centrally located on Nancy Ridge Road with convenient access to I-805 and I-15 as well as Carroll Canyon Road, a major arterial. A prime infill location, it sits near the border of Sorrento Valley and Miramar in close proximity to Qualcomm’s headquarters, ThermoFisher Scientific and a FedEx distribution center.

Contact: CapRock Partners, 714-263-8752

08/13/2018 Company News

Acorn Inc wins 2018 SouthCoast Business of the Year

Acorn Inc

The SouthCoast Chamber of Commerce has awarded Acorn, Inc. as the 2018 APEX Small Business of the Year, citing the company’s success in “turning unused but historically significant structures into bustling centers of residential life” in New Bedford. The award committee noted that the Acorn had the vision to recognize New Bedford’s potential, and the desire to preserve its historic character with the development and management of the Lofts at Wamsutta Place, Victoria Riverside Lofts, and the Riverbank Lofts. With nearly 500 units across 1 million square feet, maintaining above 98% occupancy rate, these buildings represent $100 million in private investment funds to the local economy. The properties proudly contribute over $800,000 to the city annually, create multiple job opportunities, and generate business for local vendors. “We are deeply honored to receive this award,” said Quentin Ricciardi, CEO, “And of all our investments, the one that’s most important to us is our investment in our staff. As a family-owned and run business for over 70 years, we treat our employees like an extension of that family and as a result we have a team who believes in the mission of providing stunning and unique quality housing at reasonable rates. You can see this is the relationships they build with residents who contribute to canned food and clothing drives, and they way they give back to the community through Operation Clean Sweep and other community projects.” Acorn was recognized for its commitment to sustainable and renewable energy as an example of their forward thinking. They currently have 2 megawatts of solar panels across the roofs of all properties. Acorn Inc. is a Massachusetts-based real estate development and management company specializing in large scale, market rate adaptive reuse projects. Today, under the leadership of a Quentin Ricciardi as CEO, other family members and experienced staff, Acorn continues to develop, construct and manage properties throughout New England.

Contact: Quentin Ricciardi, 617-479-2424

08/09/2018 Personnel News

Hagood S. Morrison II, Vice President of Bridge Commercial, selected to serve on The Bank of South Carolina’s North Charleston Bank Advisory Board

Bridge Commercial

Hagood S. Morrison II, Vice President of Bridge Commercial, selected to serve on The Bank of South Carolina’s North Charleston Bank Advisory Board CHARLESTON, SC – Bridge Commercial is proud to announce that Hagood S. Morrison II, Vice President, was selected by The Bank of South Carolina to serve on the North Charleston Bank Advisory Board. This award reflects Morrison’s deep market knowledge and the respect he's earned in the business community here in Charleston, SC. Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation. For additional information, contact Alicia Niland at

Contact: Alicia Niland, 843-990-7869

08/09/2018 Company News


Bridge Commercial

MATT KOBLEGARD JOINS BRIDGE COMMERCIAL, CHARLESTON’S TOP COMMERCIAL REAL ESTATE FIRM, AS ASSOCIATE CHARLESTON, SC – Bridge Commercial is proud to announce the hire of Matt Koblegard as an associate. Koblegard will work with clients on all phases of commercial leasing and sales. Koblegard has an extensive background in business law, focusing on real estate transactions and administrative representation. “We are confident that Matt’s real estate law background and his passion for commercial development and investment will help him thrive in his position,” says Peter Fennelly, President. Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation. For additional information, contact Alicia Niland at

Contact: Alicia Niland, 843-990-7869

08/09/2018 Deal


Bridge Commercial

CHARLESTON, SC – Bridge Commercial is pleased to announce the sale of 4401 & 4531 Piggly Wiggly Drive in North Charleston, SC. The 416,384 SF industrial building, located on 16.84 acres of land near the intersection of I-26 and I-526, was sold to Greenville Retail, LLC. The buyer was represented by Will Crowell, Senior Associate, and Mark A. Mattison II, Senior Vice President, of Bridge Commercial. The price is undisclosed. Bridge Commercial is a regionally-focused commercial real estate firm headquartered in Charleston, SC. Bridge’s brokers are best in class and known nationally for their experience and expertise. Bridge’s mission is to best serve our clients with the combination of collaborative teamwork, experienced and dedicated talent, and the leverage of technology and innovation. For additional information, contact Alicia Niland at

Contact: Alicia Niland, 843-990-7869

08/08/2018 Personnel News

V3 Expands Environmental Expertise in Ohio

V3 Companies

WOODRIDGE, IL – Jay Simonds, P.G., has joined V3 Companies’ Columbus, Ohio office as Senior Environmental Project Manager. A former US Army Corps of Engineers service member, Jay has a Bachelor of Arts in Geology from the College of Wooster in Ohio and will be focusing on delivering projects for the commercial development, power and energy, and industry markets, along with V3’s full spectrum of services. Jay is an accomplished Professional Geologist and environmental business manager. He has more than 25 years of experience, having managed over 1,000 technical engineering and construction projects in addition to extensive field and office operations experience.

Contact: Shannon Simpson, 630-729-6267

08/06/2018 Company News


The Blau & Berg Company

SHORT HILLS, NJ, August 6, 2018 – The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, announced today the sale of a 100,400 SF industrial warehouse distribution facility located at 76-104 Third Avenue in Kearny, New Jersey. Jason M. Crimmins, CCIM, SIOR, Kenneth F. Crimmins, CCIM, SIOR and Michael Schipper, Director, represented the seller, LTL-RE Holding, LLC. Located only 2 miles from Route 280, with proximity to Port Newark and Port Elizabeth, as well as easy access to the NJ Turnpike, Newark International Airport and the Meadowlands region, this 100,400 SF industrial property is in an ideal location. The property consists of four units on 5.4 acres, including 86,040 SF of warehouse space and 12,840 SF office. The property boasts an abundance of improved land for outdoor parking and storage, providing an attractive opportunity for tenants in need of warehousing with a highly sought-after land component. “Demand for industrial space in New Jersey continues to grow with an increased interest in warehouses, logistics and last-mile delivery,” noted Michael Schipper. “Situated in an industrial zone in Kearny, and with key upgrades planned by new ownership, this property is an exceptional value-add investment opportunity.” About The Blau & Berg Company The Blau & Berg Company ( 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

07/31/2018 Company News

C.W. Driver Companies Breaks Ground on $25M Crown Valley Park Community Building in Laguna Niguel

C.W. Driver Companies

PASADENA, Calif. – July. 31, 2018 – C.W. Driver Companies, a premier builder serving California since 1919, celebrated the groundbreaking of the Crown Valley Park Community Building, a 30,000-square-foot, three-story building in Laguna Niguel, California. The $25 million project marks the final phase of a three-tier improvement plan for Crown Valley Community Park, with full completion anticipated for Spring 2020. The new facility will include offices, a multi-purpose room for up to 300 people, a kitchen, classrooms and other spaces designated for art, technology, dance and fitness. Adding to the building’s appeal is a rooftop patio overlooking the adjacent community pool. Integrated design firm LPA Inc. worked alongside C.W. Driver Companies to create a facility for the City of Laguna Niguel that is cost effective, reflects a timeless design and improves operational efficiencies. The city aims to deliver a best-in-class recreational facility where residents can gather and experience a wide range of community events and activities. As part of this project, C.W. Driver will make exterior improvements to the existing YMCA building to complement the design of the new community building. Other enhancements include updating the community pool deck and its facility amenities, the outdoor festival area and other pedestrian-oriented features, in addition to realigning the main drive aisle and the parking area. The community building site is currently occupied by staff modular trailers and an existing community building, all of which will be demolished and replaced. The first tier of the Crown Valley Community Park improvement plan was completed in 2015 and included two new playgrounds, a splash pad, an expanded amphitheater and a new bathroom building. The second tier consisted of habitat restoration, the construction of a wetland, two small parking lots, a new entry bridge, an electronic marquee entry sign and an arch entry sign.

Contact: Jade Terry, 714-263-8752

07/26/2018 Company News


Atisa Industrial

Atisa Industrial celebrated the opening of its latest building with a gala ribbon cutting ceremony. The new building, dubbed Diamante, will provide 220,000 sq ft of class A industrial workspace for one to two clients. It is located in the heart of Pacifico Industrial Park, just 20 minutes south of the San Diego border. Atisa Group CEO Christian Carrillo (center) Cuts the ribbon with Secretary of Economic Development Bernabé Esquer (left) and Secretary of Labor and Social Services Francisco Iribe Paniagua (right) Many San Diego brokers were in attendance for the ceremony including Rob Hixson, SIOR from CBRE, Alma Miluso and Monique Medley of Lee & Associates, and Parker Schultz representing Pacific Coast Commercial. “This is a beautiful building and when I found out how quickly they can build them, I was impressed. What got me the most was the natural light, which is reducing the cost of electricity. It’s pretty innovative. [...]Their whole portfolio down here: super impressive.” said Parker Schultz. “I’m definitely bringing this back and sharing it with the industrial brokers at my firm. [...] I find lots of value for our clients at Pacific Coast Commercial.” Atisa Group CEO Christian Carrillo gives a talk on the benefits of trade between the U.S. and Mexico The Dimante building is the first of six buildings planned for completion by Atisa Industrial this year. Future projects range in size from 25,000 sq ft up to 650,000 sq ft, as well as a brand new state-of-the art industrial park.

Contact: Rick Chatham, 855-512-4368

07/23/2018 Company News

Lydia G. Chesnick Selected as a Banker & Tradesman Women of FIRE Honoree

Bernkopf Goodman LLP

Bernkopf Goodman LLP is proud to announce that Lydia G. Chesnick, a real estate and business law partner, has been selected as a Banker & Tradesman “Women of FIRE” honoree. According to Banker & Tradesman, readers were asked to nominate women deserving of the “Women of FIRE” award in the categories of finance, insurance, and real estate. The most talented, ambitious, innovative, and philanthropic women who are achieving excellence and making a difference in these traditionally male-dominated industries were chosen for the award. Many nominations were received, and each were reviewed carefully by a panel of judges. Only 17 winners were selected. Chesnick is a graduate of Boston University School of Law. She has achieved an AV Preeminent Peer Review Rating by Martindale-Hubbell, has been honored every year since 2010 as a Massachusetts Super Lawyer, was named to the list of “Top 50 Women Attorneys in New England,” by Super Lawyers, was honored with a Massachusetts Lawyers Weekly “Top Women of Law” award, and selected for inclusion in Best Lawyers in America®.

Contact: Jeannette Riendeau, 617-790-3000

07/20/2018 Company News


Coldwell Banker Commercial Fisher Group

WASECA, MINN.– The QuadGraphics Building (formerly Brown Printing) located at 2300 Brown Ave in Waseca, Minn. has been purchased by a group of Southern Minnesota based developers. Coldwell Banker Commercial Fisher Group (CBCFG) assisted the with the purchase of the building in late June. CBCFG worked to find investors interested in the expansive warehouse and manufacturing space and is now the listing broker. President and Broker/Owner, David Schooff, is working alongside the new owners to find ideal mix of tenants. “It’s not your typical warehouse, not only do you have an incredible amount of affordable space, but it has unique features like climate-controlled storage, an automated retrieval system and rail access,” Schooff said. “We knew we’d have to be innovative when finding the right buyer to make sure the building could be utilized to its full potential.” The new owners hope to attract tenants who are looking for industrial space with a focus on returning full time jobs to the greater Waseca community. Features include: 54,000 square feet of office space, 500 feet of indoor rail and equipment to provide massive production support. The building was on the market for less than six months. CBCFG is a leader of commercial real estate and business brokerage in Southern Minnesota and the number one Coldwell Banker Commercial office in Minnesota for the past several years.

Contact: Cate DeBates, 507-676-4327

07/18/2018 Company News

Calkain Completes Sale of McDonald's/Family Dollar Center in Orange, VA


Calkain's Rich Murphy and Natalia Nunno recently completed the sale of the Orange Shopping Center in Orange, VA. The center consisted of a McDonald's and a Family Dollar store. A local buyer purchased the retail center for $1,020,000. The property has been occupied by these two tenants for over 30 years making it a very attractive investment. Calkain’s Nunno said “We had an enormous amount of interest in the property given the price point and its longstanding history.” Murphy continued “Properties like this don’t come on the market very often and when they do, they tend to sell quickly. That’s exactly what happened here.”

Contact: Traci Bidinger, 703-935-0947

07/17/2018 Company News

Despite Rising Cap Rates, Net Lease Remains Strong


Calkain released its latest Q2 2018 Cap Rate Report. Calkain's research indicates a continued moderate rise in cap rates for single tenant net lease (STNL) properties. The quarterly change was 17 basis points, however when viewed over the trailing 12-36 months, rates are relatively stable with an average rate in the low 6's. Among the various sectors in net lease, there are large variances and a deeper look into the recorded transactions show shorter lease terms and as well as more double-net (NN) leases for several sectors.

Contact: Traci Bidinger, 703-935-0947

07/10/2018 Company News

Boston Capital Invests in Multifamily Community for Families in Santa Cruz, CA with For the Future Housing

Boston Capital

Boston Capital is investing in the construction of Water Street Apartments, a 41-unit apartment community for families in Santa Cruz, California. The developer partner is For the Future Housing (FTF), based in San Jose, CA. Located 40 miles south of San Jose and 75 miles south of San Francisco, Water Street Apartments will serve families earning 60 percent or less of the Area Median Income (AMI).

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

07/09/2018 Company News


Brixton Capital

Brixton Capital recently signed lease deals with Sprouts Farmers Market and Del Taco at its 358,632-square-foot Rainbow Plaza shopping center located at 861 South Rainbow Blvd. in Las Vegas, Nevada. Sprouts Farmers Market will occupy approximately 30,000 square feet of space, taking up a portion of a former JCPenney’s box space. Construction is slated to begin soon. Del Taco has started construction on a drive-through restaurant occupying approximately 2,400 square feet of space on the corner of South Rainbow Blvd. and Alta Drive, located at the north end of Rainbow Plaza. This will revitalize a corner that formerly contained an older jewelry store building that had been vacant for almost 10 years.

Contact: Travis King, 858-367-7147

07/05/2018 Deal

Cushman & Wakefield Inks Sale of The Office Court of Ramsey

Cushman & Wakefield

The Office Court of Ramsey traded in a June sale orchestrated by commercial real estate services firm Cushman & Wakefield. The 78,000-square-foot niche office park at 500 Lake Street sits immediately off Route 17 in one of the most densely populated and affluent areas of New Jersey. Cushman & Wakefield’s East Rutherford, N.J.-based investment sales team brought the Bergen County property to market on behalf of the seller, a private ownership entity. The team – headed by Andrew Merin including Andrew Schwartz and Ryan Larkin – approached a select group of investors, ultimately choosing BHN Associates as the buyer. The asset traded for $10.8 million.

Contact: Evelyn Weiss Francisco, 201-796-7788

07/05/2018 Company News

Sycolin Corner Strip Center Sells for $6.1 Million


Calkain's Executive Managing Director, Andrew Fallon and Managing Director, Richard Murphy have recently completed the sale of the multi-tenant strip center located at 400 – 416 Sycolin Road SE in Leesburg, Virginia. The busy neighborhood retail center is anchored by a 9,300 SF Kiddie Academy and co-located with a neighborhood Walgreens. A local, high net-worth, repeat buyer purchased the retail center for $6,100,000 at $440.00 PSF. Fallon commented, “Investors are showing more interest in Amazon-proof neighborhood retail strip centers because they are convenience-focused, well-located buildings that are highly adaptable. They are typically acquired at higher cap rates due to the perception of additional management.” Murphy stated, “The high intrinsic value of the neighborhood location produced extremely strong interest in the property and in turn provided for multiple offers.”

Contact: Traci Bidinger, 703-935-0947

07/02/2018 Company News

R.D. Olson Construction Breaks Ground on Kings 838 Luxury Apartment Complex in West Hollywood

R.D. Olson Construction

R.D. Olson Construction, an award-winning general contracting firm in California, commenced ground-up construction on Kings 838, a 37,000-square-foot luxury apartment complex located at 838 N. Kings Road in West Hollywood, California. The property is situated in the heart of West Hollywood near Melrose Ave. Shopping District, the Hollywood Improv Comedy Club and the MAK Center for Art and Architecture at the Schindler House. The four-story, multi-unit housing project will include 25 units with one and two-bedroom options as well as below-ground parking. It also will feature myriad luxury amenities, including a car wash and pet wash station, fitness studio, yoga room and a third-floor deck with a pool and outdoor kitchen. The complex will also incorporate a theater designed to host movie premieres and live-streaming events of independent films and film festivals such as Sundance and Cannes. “Kings 838 is R.D. Olson Construction’s most high-end apartment project to-date and reflects our commitment to being at the forefront of multi-unit building trends,” said Bill Wilhelm, president of R.D. Olson Construction. “We are honored to partner with Darmos Properties to bring a luxury apartment community to West Hollywood equipped with high-end amenities that caters to the local market.” All apartment units will include walk-in closets, upscale bathrooms with air jet bathtubs from Bain Ultra and European-style kitchens with high-end appliances by Miele. Each unit will be designed with 9 to 11-foot high ceilings, allowing for more space and ample daylight. R.D. Olson Construction is working with Darmos Properties, Workplays Studio Architecture, Schnackel Engineers, KPFF, Burnett & Young, tk1sc and landscape architecture by Aron Nussbaum Studio on the project. Completion is anticipated for summer 2019.

Contact: Angelyssa Granillo, 909-576-1758

07/02/2018 Company News


Brixton Capital

Brixton Capital purchased the former El Cajon Police Station located at 100 Fletcher Parkway in El Cajon, California for $4.2 million. The site, purchased from the City of El Cajon, marks Brixton’s fourth acquisition of 2018. Brixton will transform the approximately 4.11 acres of developable land into Fletcher Marketplace, a mixed-use project comprised of approximately 16,000 square feet of retail space and a 60,000 square foot hotel. Brixton will sell 1.4 acres of the site to Excel Hotel Group, which will handle the hotel development portion of the project while Brixton simultaneously builds the retail portion.

Contact: Travis King, 858-367-7147

06/26/2018 Company News

Bridge Commercial Wins Leasing & Management of The Landing on Daniel Island, SC

Bridge Commercial

CHARLESTON, SC Bridge Commercial has been awarded management and leasing services of The Landing, a newly renovated 89,000 square-foot Class “A” office building on Daniel Island.


The Landing at 115 Fairchild Street is undergoing extensive improvements which are designed to create a fresh and innovative workspace environment for Charleston’s conventional professional service firms as well as growing technology firms and millennial workforce. The upgrades, totaling $2.5 MM, include an outdoor system of hardscape walks with collaborative outdoor seating for approximately 85 people, golf-cart parking and bikes racks. Additional upgrades to the lobby, corridors, restrooms, and parking lot including new lighting, paint, signage and improvements to entry and exit areas are scheduled for completion in July 2018. 

Mark Mattison, Mike Palmer, and Peter Fennelly of Bridge Commercial are handling the marketing and leasing of the building and Meredith Millender is the Property Manager. “We are pleased to be selected for leasing and management of The Landing. It has state of the art energy-efficient management systems, modern architecture, and the accessibility to amenities, providing a true lifestyle work environment on Daniel Island,” says Mark Mattison, Bridge Commercial’s Senior Vice President. 

The two initial tenants of the property are Infrastructure Consulting and Engineering and Wild Dunes, LLC. 

For additional information, contact Alicia Niland at

Contact: Alicia Niland, 843-990-7869

06/21/2018 Deal

Cushman & Wakefield Orchestrates Sale of Fairfield Business Center

Cushman & Wakefield

Cushman & Wakefield has arranged the sale of Fairfield Business Center, a 16.8-acre, seven-building industrial/flex complex totaling 336,220 square feet in Fairfield, NJ for $30 million. Cushman & Wakefield’s NJ investment team members Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Kubby Tischler represented the seller, Denholtz Associates, and procured the buyer, Weiss Realty. Fairfield Business Center was 88 percent leased to 61 tenants at the time of sale. It is strategically located immediately off Route 46, in the suburban Essex industrial submarket within minutes of major roadways including I-80, I-280 and Route 23, providing easy access to Northern New Jersey and the greater New York Metropolitan Area. The submarket contains 16.5 million square feet of industrial inventory, with access to a deep and diverse workforce, and is close to both executive and workforce housing.

Contact: Evelyn Weiss Francisco, 201-796-7788

06/21/2018 Company News

Cushman & Wakefield Arranges Sale-Leaseback of 473 Ridge Road in South Brunswick, N.J.

Cushman & Wakefield

Acting on behalf of Central Mills Inc, Cushman & Wakefield has arranged the sale-leaseback of 473 Ridge Road in South Brunswick to Saadia Group, LLC. The 318,389-square-foot warehouse/distribution facility, which includes 38,207 square feet of office space, offers expansion potential and is sited on a 28-acre parcel in the heart of New Jersey’s active Exit 8a market. The location provides easy access to the New Jersey Turnpike/I-95, I-287, I-78, and U.S. Routes 1, 9 and 130. Approximately 45 miles southwest of Manhattan and 60 miles northeast of Philadelphia, the location places nearly 60 million customers within a five-hour drive. The facility had been occupied by leading sportswear manufacturer Central Mills, Inc. d/b/a FREEZE and will continue to be occupied by them under a long-term sale-leaseback arrangement.

Contact: Evelyn Weiss Francisco, 201-796-7788

06/21/2018 Personnel News

Rackemann Hires NAOIP Member Kerry A. Hurley as Executive Director

Rackemann, Sawyer & Brewster

Boston law firm Rackemann, Sawyer & Brewster announces that Kerry A. Hurley has joined the firm as the new executive director. With 20 years of real estate industry experience, Hurley has handled a wide range of property management matters during her career, including contract negotiation, building management, and financial reporting. Previously, she served as general manager for Boston-based Oxford Properties, where she led the operations team of a 1.3 million-square-foot commercial office complex in the city’s elite Back Bay area. Hurley succeeds Thomas Corcoran, who served as Rackemann’s executive director for 21 years. As an experienced Class A commercial high-rise real estate manager, Hurley directed multimillion-dollar capital improvement budgets for major renovations, reconstruction, and complex tenant turnkey and buildouts. She has experience in contract negotiations with tenants, owners, vendors, and partner prospects. Hurley also managed owner and tenant relations, lease administration, financial reporting, and sustainability initiatives. At Rackemann, Hurley will draw upon her vast experience and professional network in the Boston real estate market to manage the firm’s overall business functions, including finance, HR, operations, IT, facilities, marketing, records management and staff. Rackemann Managing Director Michael F. O‘Connell said, “We sincerely thank Tom for his many years of faithful and successful service, and we welcome Kerry to the Rackemann team. Her wide-ranging experience in commercial real estate and property management will be an asset to our firm, which has a longstanding reputation as a preeminent real estate firm. We are confident that her background and skills will help drive the firm’s strategic planning, practice management and business development activities.” Hurley is affiliated with NAIOP, BOMA Boston, CREW Boston, The Back Bay Association, and Friends of Copley. She earned her B.A. in Sociology from College of the Holy Cross in Worcester, MA.

Contact: Lisa Murray, 978-750-0333

06/21/2018 Company News

Calkain Opens New York City Office with Addition of Michael Heneghan


Calkain announced this week that it has hired Michael Heneghan as a Senior Managing Director to open and run its New York City office, the sixth location for Calkain, headquartered in Herndon, VA, with existing offices in Ft. Lauderdale, FL, Atlanta, GA, Philadelphia, PA and Boston, MA. Further, Heneghan will play a prominent role in developing NetCMG, Calkain’s newly formed Net Capital Markets Group. “Mike’s acquisition history and track record speak volumes. He’s been a leading participant in the institutional net lease industry and is well-suited to lead the charge in growing our capital markets team,” stated Jon Hipp, President and CEO of Calkain. Heneghan served as Senior Vice President - Investments at Vereit/American Realty Capital Properties, where he originated in excess of $300MM in office and industrial acquisitions, and at CapLease, where he originated approximately $800MM in office and industrial acquisitions.

Contact: Traci Bidinger, 703-935-0947

06/20/2018 Deal

Colliers Tapped to Sell The Shoppes at Foxmoor in Robbinsville

Caryl Communications

ROBBINSVILLE, N.J., June. 20, 2018 – Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) has been hired to sell The Shoppes at Foxmoor, located at 1095 Washington Boulevard in Robbinsville, N.J. Colliers is marketing the 125,295-square-foot retail asset in conjunction with, an online auction platform. The auction is slated for July 30 through August 1, 2018. The Colliers NJ Investment Sales Team led by Jacklene Chesler, which includes Patrick Norris, Matthew Brown and Angelo Vitale, based in the global commercial real estate services firm’s Parsippany, N.J., office, is handling the assignment on behalf of a special servicer client. “The Shoppes at Foxmoor offers an attractive value-add investment opportunity to purchase a well-located, neighborhood retail asset at below replacement cost,” said Chesler. “The 19-acre property is 41% occupied and offers tremendous upside, which can be achieved through investment in capital upgrades and implementing an aggressive lease-up plan.” The center’s current diverse tenant mix is comprised of mostly e-commerce resistant users, including medical (31%), restaurants (24%), lifestyle (20%), financial (13%), and health and beauty (5%). The Shoppes at Foxmoor benefits from excellent visibility along Route 33, which has a combined average daily traffic volume of over 40,000 cars. The property is within minutes of major travel routes including Route 130 and Interstates 195 and 295, as well as concentrated industrial and office campuses including the 480-acre Matrix Business Park, the 1.4-million-square-foot Horizon Center office park and the 300,000-square-foot Hamilton Business Center.

Contact: Evelyn Weiss Francisco, 201-796-7788

06/19/2018 Deal

Colliers Announces 19,000 SF of Leasing Activity at Florham Park Corporate Center

Caryl Communications

FLORHAM PARK, N.J., June 22, 2018 – A series of long-term lease commitments reflects Florham Park Corporate Center’s heightened profile as a value play for regional tenants. As exclusive agent, Colliers International NJ LLC Inc. (NASDAQ:CIGI, TSX:CIG) has announced nearly 19,000 square feet of new leases and a lease expansion at the two-building, 230,000-square-foot office campus in Florham Park. The recent activity coincides with the completion of an amenity-focused capital improvement program. Richard J. Madison, Richard Mirliss, Alex Vitro and Jack Callahan, based in Colliers International’s Parsippany, N.J., office, head the Florham Park Corporate Center leasing team on behalf of the property’s ownership, a joint venture of Bergman Real Estate Group and Rialto Capital Management, LLC. The team secured four new tenants, including Hilb Group, represented by Cushman & Wakefield’s Curtis Foster and Jerry Shifrin; Rayfield & Licata, represented by Paul Steinbock of American Properties Realty, Inc.; Hutchison MediPharma, represented by Savills Studley’s Carey Puzo; and Piemonte and Liebhauser. Bergman Management headed a renewal/ expansion for Florham Park Wealth Advisors and a new lease by SAG Management, LLC. “We are seeing tangible demand and leasing momentum at Florham Park Corporate Center,” Callahan noted. “Both buildings have always been well positioned within the market in terms of value and amenities. The latest improvements have elevated its appeal as a live/work/play atmosphere. The level of interest and completed transactions has already justified the investment made by ownership.” The property’s new, 3,500-square-foot fitness center, which opened in February, is a central component of the renovation work. It includes a yoga studio, lounge and game room, along with cardio and weight training equipment, and men’s and women’s locker rooms with showers. More than 200 employees of tenants at the property signed up to use the facility in the first week. -- End --

Contact: Evelyn Weiss Francisco, 201-796-7788

06/15/2018 Deal

Cushman & Wakefield Arranges Sale of 395 West Passaic Street

Cushman & Wakefield

Cushman & Wakefield has arranged the sale of 395 West Passaic Street, a four-story boutique office building totalling 107,969 square feet in Rochelle Park, N.J. Ramaa Management purchased the asset from Garrison Investment Group and Onyx Equities. Andrew Schwartz from the global commercial real estate services firm’s investment sales team in East Rutherford, N.J. led the assignment, with David Bernhaut, Andrew Merin, Gary Gabriel, Brian Whitmer, and Andrew MacDonald. They were assisted by David DeMatteis and Mark Zaziski from the leasing team. The Cushman & Wakefield team marketed the property in conjunction with Ten-X, an online transaction platform for commercial real estate, also leveraging Cushman & Wakefield’s proprietary investor database. This hybrid approach resulted in robust interest from experienced investors and office building owners throughout Northern New Jersey and New York.

Contact: Evelyn Weiss Francisco, 201-796-7788

06/13/2018 Company News

C.W. Driver Companies Completes $10M El Cajon Animal Shelter

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, today announced the completion of the new 14,291-square-foot El Cajon Animal Shelter in El Cajon, California. The single story, contemporary animal care facility is open to the public and will provide veterinary and pet adoption services to residents in El Cajon and La Mesa. Located at 1373 N. Marshall Avenue within walking distance of the former shelter, the animal care facility includes administrative offices, housing for animals, veterinary services for sick and injured animals, grooming, play and interaction areas, pet adoption services, an exercise area and more. The animal care shelter is the City of El Cajon’s first collaborative design-build project and was funded by Proposition O special revenues. The half-cent sales tax increase was approved by El Cajon voters in November 2004 for improvements to public safety facilities and a new animal shelter. The new facility is double the size of the previous 50-year-old shelter, built in 1957, and is designed to enable future expansion. C.W. Driver Companies constructed the El Cajon Animal Shelter to meet Title 24 and Cal Green standards, including preferred parking for carpool and low-emitting vehicles, light-pollution and wastewater reduction, bicycle storage and more. Colorado-based Animal Arts and San Diego-based Ferguson Pape Baldwin Architects worked alongside C.W. Driver Companies to design the project. In addition to Freeark, the firm’s project team included Andy Feth, project director; Eric Schultz, project manager; Will House, superintendent; Mark Hunter, BIM manager; Jym Varnadore, BIM manager; Cole Edging, senior project engineer and Karen Hudnall, senior project coordinator.

Contact: Jade Terry, 714-263-8752

06/12/2018 Personnel News

Landscape Architecture Group Leader Joins V3

V3 Companies

INDIANAPOLIS, IN – Don Staley, ASLA, LEED AP, has joined V3 Companies as its new Group Leader of Landscape Architecture, adding new expertise to the company’s existing practice. Don’s passion and capabilities will expand V3’s focus on integrated design solutions including green infrastructure, stormwater parks, stream and river restoration, trails and pedestrian connectivity, and complete streets. He will continue to grow V3’s model of delivering sustainable water resource management by integrating the skills of engineers, ecologists, urban planners and landscape architects. Don will be based in V3’s Indianapolis office, from where he will lead the company’s landscape architecture group. However, he will help the firm deliver these types of projects across its network of offices in Illinois, Indiana, Missouri, Ohio, Canada and Haiti. “We’re excited to have someone of Don’s experience and expertise join the V3 Team,” said Greg Wolterstorff, VP and Director of Natural Resources. “He will clearly advance our growing focus on services related to the integrated design of multi-function public spaces.” An accomplished Professional Landscape Architect and LEED Accredited Professional, Don holds an MLA with Distinction from the University of Georgia School of Environmental Design and a BS with Distinction from Purdue University Landscape Architecture Program. He is experienced in many diverse areas of practice, including urban and riverfront design, campus design and planning, site and stormwater planning, urban forestry and ecological design and planning. Don also taught landscape architecture in graduate and undergraduate programs at the University of Georgia, Texas Tech University and Florida A&M University.

Contact: Shannon Coan, 630-729-6267

06/12/2018 Company News


Cox, Castle & Nicholson

Cox, Castle & Nicholson LLP, a preeminent full-service law firm focused on real estate in the United States, today announced that Sean Matsler has joined the firm as its newest land use partner. Matsler brings 15 years of experience securing entitlements for myriad real estate clients to bolster the firm’s robust land use practice, a group that earned the 2018 National Tier 1 Law Firm of the Year for Land Use and Zoning Law in the 2018 U.S. News & World Report and Best Lawyers “Best Law Firms” rankings. Matsler’s practice focuses on securing entitlements for residential, commercial, industrial and institutional real estate development projects. He advises clients on some of the country’s most challenging real estate regulations such as the California Environmental Quality Act (CEQA), California Coastal Act and local planning and zoning regulations. Recent and ongoing projects under Matsler’s strategic legal guidance include four large residential and mixed-use projects in Newport Beach; the revitalization of Dana Point Harbor; an 80-unit residential project in Yorba Linda; a 250-unit infill multifamily development in Santa Ana; a 100-unit senior housing project in North Tustin and a 3 million-square-foot industrial, retail and office complex in Eastvale.

Contact: Jade Terry, 714-263-8752

06/07/2018 Deal

Miller Completes Esperante Corporate Center Renovation

Miller Construction Company

WEST PALM BEACH, FLA. – Miller Construction Company has completed a six-story, $3.8 million renovation of the public spaces at Esperanté Corporate Center, one of West Palm Beach’s premier office towers. Finished ahead of schedule, the eight-month project for owner 222 Lakeview LLC included complete renovation of a four-story atrium and lobby, including walls, ceilings and floors, as well as replacing two lobby escalators that lead from the building’s main entrance at the atrium to the second-story main lobby. The building on a busy Downtown site was fully operational throughout the entire project, and Miller’s crews phased the project to ensure tenants’ convenience and safety. They provided sound-absorbing protective sheeting and negative pressurization of partitioned spaces to separate work areas from Esperanté Corporate Center’s ongoing operations, and much of the extensive demolition and disruptive construction activities were scheduled at night. Designed by global architecture firm Gensler, the renovation featured high-end finishes installed with meticulous craftsmanship. Flooring is imported marble from Greece, and the walls are a combination of Venetian plaster, decorative glass panels and Sapele wood panels. To minimize any inconvenience to tenants, Miller’s team drew on four decades of experience working in operational corporate and mission-critical environments. “With this renovation on a massive scale, Esperanté Corporate Center’s lobby and atrium create a fresh, world-class focal point for one of Downtown’s most upscale office environments,” said Brian Sudduth, Miller Construction Company president. Miller Construction is a prominent design/builder and construction services firm serving commercial, industrial, retail, healthcare, hospitality, education and multi-family markets. For information: [1]. # # # Links: ------ [1]

Contact: Linda Lewis, 954-428-4477

06/05/2018 Company News

With Over 40 Sold, Fallon Brings 11 Net Leased Dollar General Stores to Market


Calkain’s Executive Managing Director, Andrew Fallon, is bringing an inventory of 11 net leased Dollar General stores to market. The assets, which can be sold individually or as a portfolio, are located throughout Pennsylvania, and are each leased to Dollar General with a 15-year NNN lease. The properties are new construction, having been built in 2016-2017. Fallon has a track record of success with Dollar General store dispositions. In 2017, he closed on 22 Dollar General assets totaling $31.5M in property value. Year-to-date in 2018, he has closed on the sale of 8 Dollar Generals totaling $9.75M, with an additional three currently under contract.

Contact: Traci Bidinger, 703-935-0947

06/04/2018 Company News

Colliers Identifies New Headquarters for Plymouth Rock Management Company of New Jersey in Woodbridge

Caryl Communications

WOODBRIDGE, N.J., June 4, 2018 – Demonstrating a commitment to client service, Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) leveraged its deep understanding of Plymouth Rock Assurance to identify a new, centrally located headquarters for the growing home and autoinsurer. The company will move from its current Red Bank and Berkeley Heights locations to 581 Main Street in Woodbridge, a Mack-Cali Realty Corporation property, where it’s taking 130,000 square feet of space for occupancy by the first quarter of 2019. Colliers Managing Directors Samuel Horowitz and Chris Hovanec, both from the Parsippany office, worked closely with Plymouth Rock to gain a thorough understanding of the company’s needs before beginning the search. “Plymouth Rock’s successful growth meant the company needed more space,” said Horowitz. “The new location would have to accommodate over 700 people with room for more as the company continues to expand. We also had to consider business continuity, increased collaboration, modernization of the facilities, and other issues. To mount an efficient search, we engaged in comprehensive dialog with the company, utilizing meetings, survey questionnaires, evaluations, and financial and other projections. The activities were designed to align Plymouth Rock’s long-term goals with the property’s ability to help achieve them.” Colliers assisted with the space planning process, providing insight around modern space design, utilization and layouts, using demographic and other reports to guide the search process and assist in understanding how building configurations could impact operational efficiencies.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/31/2018 Deal

Colliers Arranges Sale of 1 Corporate Place South in Piscataway

Caryl Communications

Piscataway, N.J., May 31, 2018 – Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) has arranged the partial sale-leaseback of 1 Corporate Place South in Piscataway, a multi-tenant office asset. Located just west of the New Jersey Turnpike along Interstate 287 in the I-287 Corridor Submarket, the property drew more than 12 written offers and multiple bid rounds soon after being presented to the market. A private NJ based investor purchased the 88,780 rentable-square-foot office asset, situated on a 5.5-acre site from Princeton Equities, LLC for $10 million. Jacklene Chesler, Patrick Norris, Matthew Brown and Angelo Vitale, based in the global commercial real estate services firm’s Parsippany, N.J., office, headed the assignment. The team aggressively canvassed area and out-of-state investors, and leveraged their marketing efforts with the team’s proprietary database of more than 9,000 investors, and this resulted in the execution of over 70 confidentiality agreements. “The I-287 corridor office submarket is recognized as one of the most improved office submarkets in the state due to the tightening availability rate, inflation of rents and the ongoing repurposing of office buildings for alternative uses in Piscataway,” Chesler noted. “The submarket has experienced approximately 170 basis points of tightening in the vacancy rate, along with a direct average asking rental rate growth of 3.4% over the last four quarters.” Built in 1981, 1 Corporate Place South was upgraded in 1997, with additional lobby and façade renovations in 2009. The property — situated within the Corporate Park 287 office park that includes large corporate users such as Siemens AG, Nomura Securities, Barclays, and Verizon — provides easy access to county amenities and a highly skilled workforce. It is 100% occupied by four tenants including Marlabs, an owner/user technology firm that is the anchor tenant in the property.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/30/2018 Company News

Calkain Unveils New Capital Markets Division


Calkain Companies LLC, a commercial real estate brokerage firm focused on net leased assets, has launched a new capital markets division specifically designed to address the needs of larger institutional and private-market clients with transactions ranging from $15 million to $100 million. NetCMG leverages Calkain’s long-standing record of success in the net lease space to provide creative capital solutions to this highly targeted investor community. “Over the years, we’ve built a rich base of experience and insightful perspectives that allow us to respond to market fluctuations in a unique way on behalf of our clients,” said Calkain founder, president and CEO Jon Hipp. “When combined with our vast network of real estate counterparts, we are able to apply these insights and deliver creative, thoughtful solutions.”

Contact: Traci Bidinger, 703-935-0947

05/24/2018 Deal

Cushman & Wakefield Brings Campus at Green Hill to Market in Wallingford, Conn.

Caryl Communications

A unique LEED-Certified campus set in the active northern New Haven regional submarket of Wallingford is now available for sale. Cushman & Wakefield has been appointed to offer a 100% leasehold interest in the Campus at Green Hill, a 104-acre complex at 108 Leigus Road in Connecticut’s busy I-91 corridor. Located next to a park-and-ride off exit 15 on I-91 and close to Route 15, offering easy access to both Hartford and Fairfield Counties — 75 miles from New York City and 90 miles from Boston — the property’s two-story building offers 288,795 rentable square feet that is 75% leased to three well-known tenants: health insurer Anthem Blue Cross and Blue Shield; engineering, architecture and construction firm Burns & McDonnell; and Liberty Mutual insurance company. The property offers the opportunity for additional development with application-ready land that can accommodate more than 440,000 square feet of additional office space. The parcel fronting directly on I-91 can accommodate a building of approximately 118,000 square feet.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/22/2018 Company News

Burke Construction Group Announces the Addition of New Shareholders & Principals

Burke Construction Group

Dimitri Mihaloliakos, a 22-year construction professional and Vice President of Estimating at Burke, previously held the role of Chief Estimator during his 13-year tenure. Dimitri has built a strong reputation in the construction industry, remaining active in the commercial development community, where he serves as a member of the Nevada Contractors Association (NCA), National Association of Industrial and Office Parks (NAIOP) and the leadership organization, Vistage. A graduate of the UNLV Construction Management Program with a minor in Architectural Design, Dimitri has volunteered his time and knowledge as a visiting professor at his alma mater. With 20 years of industry knowledge, Vice President of Preconstruction Thad Lawrence, LEED AP, distinguished himself early-on since joining Burke in 2007. During his tenure with the company, he has worked in the capacity of Project Manager - joining the Estimating and Preconstruction team in 2010, where he merged 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 - notably, serving as a certified U.S. Army Corps of Engineers Construction Quality Management specialist leading our Federal Projects Division as well as the Development Manager and Project Executive for our Strategic Partners. Committed to industry growth and education, Thad remains actively involved in organizations such as NCA, NAIOP and Vistage. Both executive team members have worked diligently over the years – continuing to provide leadership and strategic direction for our continued growth and success.In addition to Partner/Principal Jim Colegrove, who heads Burke's Special Projects Group, President & CEO, Kevin Burke noted that he "could not be more proud to welcome Dimitri and Thad into ownership of the company, a commitment which my brother and Founder would have been equally as proud."

Contact: Burke Construction Group, Inc., 702-367-1040

Prologis CBRE