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.

03/09/2018 Company News

Vision Real Estate Partners Inks Nearly 300,000 SF in Recent Leases

Vision Real Estate Partners

Nearly 300,000 square feet in leasing activity over the past 12 months throughout the Vision Real Estate Partners portfolio reflects sustained demand for quality Northern and Central New Jersey office space. The Mountain Lakes-based firm currently owns or operates more than 6 million square feet of existing Class A product in the regional market. “We are seeing stepped-up leasing involving tenants making flight-to-value and quality opportunities, and significant renewal activity at properties that are positioned to offer collaborative, experiential workplaces that best appeal to today’s workforce demands,” noted Vision Real Estate Partners’ Sam Morreale, founder and managing partner. As part of its 12-month volume, Vision Real Estate Partners orchestrated several large, long-term transactions.

Contact: Evelyn Weiss Francisco, 201-796-7788

03/09/2018 Deal

Cushman & Wakefield Arranges Avenel, N.J., Industrial Property Sale

Cushman & Wakefield

Multiple rounds of bidding and a combined $65 million sale price for two industrial buildings in Avenel reflect continued strong investor demand for Class A product in New Jersey’s Port submarket. Cushman & Wakefield’s East Rutherford, N.J.-based investment sales team orchestrated the trades of 191 Blair Road and 215 Blair Road from Sitex Group to Barings Real Estate on behalf of an institutional investor. Located at Exit 12 of the N.J. Turnpike/I-95, the sales included a fully-renovated, 175,182-square-foot building and a newly constructed, 198,854-square-foot building. Both structures were unoccupied at the time of marketing. “These vacant-forward sales demonstrate the sustained appeal of well-located industrial product in our region,” noted Cushman & Wakefield investment specialist Gary Gabriel, who represented the seller and procured the buyer with Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald.

Contact: Evelyn Weiss Francisco, 201-796-7788

03/09/2018 Deal

R.D. Olson Construction Breaks Ground on AC Hotel by Marriott in El Segundo, California

R.D. Olson Construction

R.D. Olson Construction, an award-winning general contracting firm in California, commenced construction on the AC Hotel by Marriott, a 98,728-square-foot property located at 2130 Maple Ave in El Segundo, California. The ground-up construction will feature European-inspired rooms and meeting spaces that are designed with the contemporary traveler in mind. Situated in a newly developed office park near the Los Angeles Lakers training facility, the six-story AC Hotel will consist of 180 guest rooms, a 24-hour fitness center, meeting rooms and a host of outdoor spaces including the first rooftop bar and lounge in the area. The property is also in close proximity to the Los Angeles International Airport and walking distance to The Campus El Segundo Athletic Fields. “We are excited to embark on this new partnership with the Welcome Group, Inc. to bring a project to fruition that seamlessly blends unique experiences with the needs of Millennial and entrepreneurial guests,” said Bill Wilhelm, president of R.D. Olson Construction. “This groundbreaking marks our second AC Hotel and reflects our longstanding partnership with Marriott, which has enabled us to work on visionary projects in California and beyond.” The hotel boasts an array of onsite amenities including AC Kitchen, a European-inspired restaurant serving sweet and savory breakfast options and The AC LoungeSM, a coworking space by day and social venue by night, complete with hand-crafted cocktails, craft beer and tapas-style plates. R.D. Olson Construction is working with the Welcome Group, Inc., AXIS/GFA Architecture + Design, Design Force Corporation and Robison Engineering, Inc. on the project. Completion is anticipated for spring 2019.

Contact: Angelyssa Granillo, 909-576-1758

03/08/2018 Company News

LGE Design Build announces Wayne Bell as president

LGE Design Build

LGE Design Build, Phoenix, announced today that Wayne Bell has joined the executive leadership team as president, marking a landmark event in the firm’s 24-year history by transitioning its leadership to this position. In the role, he will be responsible for executing the ongoing vision of LGE, as well as shaping the future growth plans of the company. David E. Sellers will now dedicate his focus as CEO of LGE Design Build in overseeing the strategic vision of the company. Bell brings more than 23 years of leadership experience to LGE Design Build, a multi-disciplinary design and construction firm, with the majority of that experience acquired in the construction industry. Bell left ACE Asphalt after 13 years as their president/CEO, and held other roles during that time. He was responsible for leading their growth through market expansion, the introduction of new services and acquisitions. He brings his experience in sales, marketing, operations, and process improvement with the intention of leveraging LGE Design Build’s Valley reputation with a focus on growth and scalability to meet expanding market sectors and future geographies.

Contact: Danielle Feroleto , 602-314-5549

03/05/2018 Company News

C.W. Driver Companies Promotes Richard Freeark to Chief Operating Officer

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, has promoted Richard Freeark, LEED AP®, to chief operating officer (COO), the company announced today. As COO, Freeark is responsible for the company’s operational oversight and client satisfaction for projects statewide, including training and performance strategies, contract negotiations, staffing, scheduling, financial controls, reporting and closeout for all projects. “Richard has been invaluable to the success of C.W. Driver Companies over the years, and his leadership adds tremendous value to our company, now and into the future,” said Dana Roberts, chief executive officer. “His steadfast commitment to his team and clients, diligence in getting every detail right and strong desire to exceed expectations shines through on every project in which he is involved.” With nearly four decades of construction industry experience, Freeark has spearheaded major projects for C.W. Driver Companies including the University of California, Irvine Alumni Center; Alpine Branch Library; Ramona Branch Library; Fallbrook Branch Library; Belmont Village’s Belmont Senior Living Westwood; Cedars-Sinai Medical Center’s Steven Spielberg Building Wet Lab; Valley Presbyterian Hospital; Kaiser Medical Center Riverside; Qualcomm’s SAN.Q Addition and Hollywood Casino Jamul. He also plays a key role on a host of higher education and K-12 projects across California. Prior to the COO role, Freeark served as senior vice president of C.W. Driver Companies. “In my 15 years at C.W. Driver Companies, I continue to be extremely impressed with the caliber of work the company touches across a wide range of industries,” said Freeark. “I am honored to take on this new role as the company continues to excel in markets throughout California with a diverse project portfolio.” Freeark holds a bachelor’s degree in business management and finance from California State University, Northridge. He is based in San Diego.

Contact: Jade Terry, 714-263-8752

03/01/2018 Deal

Cushman & Wakefield Arranges Sale of Morris Corporate Center IV, Phase I

Cushman & Wakefield

Cushman & Wakefield has arranged the sale of Morris Corporate Center IV, Phase I, from a partnership of Northwestern Mutual and SJP Properties to a joint venture of Vision Real Estate Partners and Rubenstein Partners. The commercial real estate services firm’s East Rutherford, N.J.-based investment sales team represented the seller and procured the buyer in the trade of this trophy-caliber Parsippany office asset. The property sits on 14 acres at 389 and 399 Interpace Parkway. Its two interconnected, four-story buildings total 340,000 square feet and currently are 71 percent occupied by four tenants – including anchors Reckitt Benckiser, Inc. and Skanska USA Building, Inc. “This best-in-market, headquarters-quality property offers in-place, financeable cash flow combined with upside via lease-up,” noted Cushman & Wakefield’s David Bernhaut, who headed the assignment with investment sales team members Andrew Merin, Gary Gabriel, Brian Whitmer and Andrew MacDonald, along with leasing specialist Bill Brown. “Located at the confluence of Interstates 80 and 287, and Routes 46 and 202, it provides convenient local and regional access, with proximity to retail and hotel amenities, and a wide range of executive and workforce housing alternatives.”

Contact: Evelyn Weiss Francisco, 201-796-7788

02/28/2018 Deal

Cushman & Wakefield Inks Upper 287 Corridor Industrial Sale

Cushman & Wakefield

A two-building industrial asset in Franklin Twp. has traded in a $15 million sale orchestrated by Cushman & Wakefield’s East Rutherford, N.J., investment sales team. Greek Development purchased 400 & 500 Apgar Drive from High Street Realty; the 170,500-square-foot, “last-mile” asset is 91 percent occupied by 11 tenants. The institutional-quality property garnered notable investor interest, according to Cushman & Wakefield’s Gary Gabriel, who represented the seller and procured the buyer with team members Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald, supported by industrial leasing specialist Andrew Siemsen. “400 & 500 Apgar Drive are strategically located within a mixed-use business park less than one mile from I-287 Exit 12, offering exceptional labor access and proximity to the New Jersey Turnpike/I-95 and the East Coast’s largest port,” Schmidt noted. “This property historically has enjoyed high occupancy and tenant retention rates. It offers stable cash flow and upside via increasing rents to market and leasing two vacant units.”

Contact: Evelyn Weiss Francisco, 201-796-7788

02/24/2018 Deal

Kiddar Capital Acquires Herndon Metro Landing Site

Kiddar Capital

Private equity firm Kiddar Capital, founded by Washington, D.C. investor Todd Hitt, announced today that it has acquired 575 Herndon Parkway, the landing site for the platform of the WMATA Herndon Silver Line station. The 4.8-acre property is improved by a 135,102 square foot office building primarily occupied by Booz Allen Hamilton. The acquisition by Kiddar’s Real Estate Group was financed by Eagle Bank and brokered by Colliers International. The metro landing site at 575 Herndon Parkway is a cornerstone of the planned Transit-Oriented Core, a 38-acre urban-style district which takes advantage of the new Silver Line infrastructure with mixed-use locations, open spaces, and a retail and entertainment core along a wide pedestrian promenade bordering the property at 575 Herndon. The WMATA Herndon Silver Line station is scheduled to be finished in the first quarter of 2020. Kiddar Capital intends to hold the property for a term of no less than three and no more than ten years before redeveloping the site.

Contact: Kathryn Darling, 202-313-8158

02/23/2018 Company News

C.W. Driver Companies Completes $63M Biola University Center for Science, Technology & Health

C.W. Driver Companies

Award-winning California builder C.W. Driver Companies today announced the completion of the $63 million Alton and Lydia Lim Center for Science, Technology and Health at Biola University in La Mirada. The 91,200-square-foot educational center will serve the institution’s fast growing and high-demand science, technology and health programs, and triples the amount of space devoted to these fields at the university. The expansive new facility, which marks the university’s most ambitious building project to date, boasts sustainable features throughout to optimize energy and water use efficiency. “It was an honor to partner with the leadership team at Biola University and Gensler to construct an all-new, state-of-the-art educational facility that enhances teaching and research space for the next generation of science and healthcare professionals,” said Tom Jones, project executive at C.W. Driver Companies. “With our extensive experience constructing a wide-range of educational facilities, especially science and technology buildings, we are proud to be a part of this next chapter for science education at Biola.” Comprised of four floors with learning space in, around and on top of the building, the lower level is home to the nursing program and vibration sensitive labs. The first floor is dedicated to anatomy and biology, the second floor to biology and physics and the third floor to chemistry. To maximize space and complement the university’s developing botany program, the rooftop features an observatory with an on-site greenhouse.

Contact: Jade Terry, 714-263-8752

02/20/2018 Company News

C.W. Driver Companies CEO Dana Roberts Honored by LA Jewish Home

C.W. Driver Companies

Dana Roberts, chief executive officer of C.W. Driver Companies – a premier builder in California since 1919 – was recently honored at Los Angeles Jewish Home’s Annual Gala “Celebration of Life: Reflections 2018,” held at The Beverly Wilshire Hotel, for helping the nonprofit achieve its goals of providing high-quality, comprehensive care for the area’s growing senior community. Under Roberts’ leadership, C.W. Driver Companies has led many construction projects for the organization, which most recently included the completion of Fountainview at Gonda Westside, a continuing care retirement community in Playa Vista that features 175 innovative and luxurious apartments for independent living. Additional projects include the organization’s Grancell Campus, a residential medical center, and Goldenberg Ziman Pavilion, a long-term senior care facility. Founded in 1912, the Los Angeles Jewish Home is among the largest providers of senior healthcare services in Los Angeles, serving 6,000 seniors annually.

Contact: Jade Terry, 714-263-8752

02/19/2018 Company News

Butters and Bristol Group break ground on a new 275,000 SF industrial project

Butters Group

A joint venture between Butters Construction and San Francisco-based Bristol Group has broken ground on two new industrial buildings at Hillsboro Technology Center in Deerfield Beach, FL. The new buildings, known as Building E and Building F, total 275,000 square feet and will provide warehouse users with up to 32’ clear height, 55’ column spacing, 180’ wide truck courts, and a minimum of four docks per unit. “We’re excited to expand on an already great business park in Deerfield Beach. This location, at a four-way interchange along I-95, will attract a large variety of tenants looking for a modern facility to strategically service the entire South Florida market. The location provides ease of access to the tri-counties via I-95 and is the only set of new industrial buildings at an I-95 interchange in South Florida.” Said Malcolm Butters, President of Butters Construction and Development. The two new buildings are slated to be ready for occupancy in October 2018. At completion, the entire business park will total approximately 900,000 square feet and will feature six state-of-the-art Class A warehouse distribution facilities, as well as Marriott Fairfield Inn & Suites hotel and an office building which will also house a day care center serving the park. The business park is expected to be completed by 2020. David Williams, Managing Director and head of industrial acquisitions for Bristol Group states “the site’s strategic location two miles south of Boca Raton on the county line of Broward and Palm Beach counties has attracted tenants migrating out of more expensive and older in-fill markets. They realize they don’t have to travel very far to get incredible high-image industrial space and still save a lot in rent. Thus, tenants can have the best of both worlds – a highly efficient modern facility at a much lower operating cost.” The Hillsboro Technology Center is expected to create as many as 3,500 construction jobs and host about 1,500 permanent jobs upon completion.

Contact: Suzana De Paola, 954-312-2434

02/16/2018 Deal

Building C & D Phase I of Hillsboro Technology Center is 100% Leased!

Butters Group

Building C & D, Phase I of the Hillsboro Technology Center in Deerfield Beach is now 100% Leased. The building totals +/-256,000 Sq. Ft and is part of this Class A Industrial Park on 75 Acres, featuring Offices, Industrial and Built to Suit opportunities. The last space in Building C was leased by Construction/Interior Design company Powertech Specialists who leased 15,244 Sq. Ft. Shipmonk, a third party fulfillment service, who was already a tenant at Building D decided to expand and took on an additional and last 31,788 Sq. Ft. available. Building E and F are currently under construction. Building A features offices and is currently over 50% leased. Industrial brokers Tom Viscount and Thomas Hotz and office brokers Darcie Lunsford and Molly McDonough are taking lead in leasing this development by Butters and Bristol Group. For more information please visit

Contact: Suzana De Paola, 954-312-2434

02/12/2018 Personnel News

Exceptional Young Talent Moves to Cushman & Wakefield

Cushman and Wakefield

Boston (February 12, 2018) – Cushman & Wakefield announced today that Thomas D. Ashe and Robert L. Byrne have joined the firm as Executive Director and Managing Director, respectively. Both previously were partners at Transwestern RBJ. Ashe will join the Downtown leasing group and Byrne will work with landlords and tenants in Boston’s south and central 128 suburban markets. “Tom and Rob are proven team players who have separated themselves from their peer group. Each brings positive energy and enthusiasm to their work with clients as well as to their colleagues in the office,” said Carolyn Sidor, Managing Principal & New England Market Leader. “They are among the best in the business today in their respective submarkets. We are thrilled they have chosen Cushman & Wakefield to advance their careers and the best interests of their clients.” Ashe stated, “It was immediately apparent that joining the Cushman & Wakefield family was the right next step in my career. The fact that the firm puts its clients and employees at the center is evidenced by the talent in Boston and the strength of its long-term client relationships. I am excited to continue my work under the Cushman & Wakefield banner.” Byrne also stated, “I look forward to working in a new and dynamic environment where the client service and success of the greater team comes first. I’m confident I will be a valuable contributor to the continued success of the Boston office, and equally look forward to collaborating with my new colleagues.”

Contact: Stefanie Murphy, 312-909-1731

02/06/2018 Personnel News

Boston Real Estate Leader Robert Richards Joins Cushman & Wakefield

Cushman & Wakefield

Cushman & Wakefield announced today that Robert B. Richards, a dominant force in the Greater Boston market for over 25 years, has joined the firm as Executive Vice Chairman. Recognized as a visionary leader in the world of commercial real estate service companies, Richards was co-founder and President of real estate powerhouse Richards, Barry, Joyce (RBJ) and Partners, which was sold to Transwestern in late 2013. This announcement follows on the heels of Cushman and Wakefield’s recent hiring of Michael Joyce, Richards’ former founding partner at RBJ and now Vice Chairman of Cushman & Wakefield’s Downtown Boston Leasing Team. “Bob Richards is recognized as a mentor, a builder of great teams, and a visionary in tenant representation. His world-class healthcare clients, including Dana Farber Cancer Institute and Harvard Medical School, exemplify the important work he is doing with iconic Boston institutions,” said Carolyn Sidor, Managing Principal & New England Market Leader. “He leads by example, as manifested by his philanthropic generosity. We are thrilled Bob has made this commitment to join us and collaborate with the outstanding talent in our firm around the country, and to contribute to our growth trajectory locally.” “Cushman & Wakefield has an undeniable growth story. They’ve emerged with scale, depth, a leading position, and an unmatched bias-for-action,” said Richards. “I am drawn to the firm’s client-first focus, which has always been my top priority. After spending time with their local, national, and international leadership, I know we share a vision for unequalled client service.” A recipient of the CoreNet Global Service Provider of the Year Award for New England, Richards is a graduate of Dartmouth College. He has more than 25 years of commercial real estate experience representing a variety of tenants and landlords all over the world as exclusive representative. Robert has a rich and diverse background, having served as on air sportscaster for CNN Sports and CNN Headline News in Atlanta.

Contact: Sean Hennessey, 617-646-3326

02/05/2018 Personnel News

Ambrose Property Group hires senior VP of development

Ambrose Property Group

Ambrose Property Group has named Andrew Greenwood as senior vice president of development. With more than a decade of experience overseeing real estate development projects, Greenwood will offer valuable leadership in the planning and execution of current and upcoming development efforts. Ambrose’s recent talent acquisitions follow the company’s procurement of the former GM stamping plant site in May 2017. The Indianapolis-based commercial real estate company plans to develop a thriving new district on the west side of downtown Indianapolis on the 103-acre site just south of the Indianapolis Zoo. “Once we secured the site, we prioritized expanding our team with strategic hires who have the experience and passion to bring the project to life,” said Patrick Chittenden, executive vice president of Ambrose Property Group. “Andrew brings a wealth of real estate development and legal expertise to Ambrose, and we’re fortunate to have him on board for the stamping plant project and beyond.” Greenwood graduated from Indiana University and went on to earn a law degree from Hofstra University. Greenwood comes to Ambrose with experience in real estate and urban redevelopment, positioning him to lead this transformational project. “With the waterfront location, the site offers unique development possibilities,” said Greenwood. “I couldn’t be more excited to help lead this team for the stamping plant project which will reawaken an area of Indy primed for transformation.” Ambrose is committed to partnering with the community throughout the regeneration of the site. By further developing its leadership team, the company expands its resources to more fully invest in community involvement and advocacy.

Contact: Hannah Riffle, 812-457-2341

02/05/2018 Company News

Cushman & Wakefield Arranges Long Island Industrial Portfolio Interest Sale

Cushman & Wakefield

Commercial real estate services firm Cushman & Wakefield provided advisory services in the recent sale of a 50 percent interest in a 3.6 million-square-foot, 38-building industrial portfolio in Nassau and Suffolk Counties. A team of investment sales specialists based in East Rutherford, N.J., and Queens, N.Y., represented the ownership – a joint venture of FBE and Cammeby’s – in the $135 million transaction. Located throughout Nassau and Suffolk Counties, the portfolio is close to 90 percent occupied by tenants including Summit Plastics, Sam Ash, Ultimate Precision Metal, Luminance and Newsday, among many others. It includes a mix of industrial, office and R&D properties with varying levels of office finish, and clear heights ranging from 14 to 28 feet. The structures were developed between 1955 and 2000; many of the properties feature substantial renovations and upgrades, and continued innovation is planned by the portfolio’s new manager – Milvado Property Group – which features a dynamic, experienced team that is at the forefront of commercial real estate in the region. “This is a distinctive portfolio in a densely populated, affluent market,” noted Cushman & Wakefield’s Gary Gabriel, who headed the assignment with Andrew Merin, David Bernhaut, Kyle Schmidt, Brian Whitmer and Stephen Palmese. “The buildings all are well-located for last-mile and e-commerce distribution capabilities throughout Long Island and the five boroughs of New York City,” added Schmidt. Long Island boasts a population of 5,632 persons per square mile and average household income of $124,770. “Within this context, many of these buildings are ideally situated for conversion based on their locational attributes,” Palmese said. “For example, those proximate to train stations could be adapted for retail or multifamily, and others could be repurposed for in-demand medical uses. Several of the properties have excess land for dedicated parking, which could be subdivided and sold as hotel or retail pad sites.”

Contact: Evelyn Weiss Francisco, 201-796-7788

01/29/2018 Company News

New Member

Custom Cleaning

Contact: Mike Schauf, 918-481-1940

01/29/2018 Deal

Onward Investors sells Bellevue’s Mercer Pointe office building

Onward Investors

Onward Investors, a national commercial real estate investment and development firm, has sold Mercer Pointe, the former AAA office building, located in Bellevue, Wash., to Nicola Crosby Real Estate Management Ltd. For $26.7 million. The sale was brokered by CBRE Seattle. Onward Investors purchased 71,329-square-foot Mercer Pointe in June 2016 and began construction to make improvements to fit the new headquarters of OfferUp, a rapidly growing Seattle-based online marketplace. Renovations included remodeling of the entry lobby and common areas, vacancy preparation and select improvements to the building exterior. The two-story building also features covered parking. Additional improvements included an onsite fitness center, cafeteria and break room. Onward signed a lease agreement with Offer Up in May 2017. Mercer Pointe is located in a park-like setting in the Bellefield Office Park, near Bellevue’s downtown, I-405 and I-90, providing multiple direct links to Mercer Island, Seattle, and Issaquah. The distinctive Bellefield Office Park consists of 65 acres and 16 buildings totaling 507,000 square feet.

Contact: Gail Shore, 612-770-4106

01/20/2018 Deal

QuickLiquidity Pays $460K for a 2.53% Partial Interest in a 199-Unit Apartment Community


QuickLiquidity, an opportunistic real estate private equity firm investing in commercial real estate nationwide, has announced that for $460,000 it has purchased a 2.53% partial interest in a real estate partnership that owns a 199-unit apartment community in Fairfax, VA. The seller inherited the partial interest over 30 years ago and was seeking an immediate exit strategy from their illiquid and non-controlling interest. “What we love about this property is its historical occupancy, steady income and the continued growth in the Fairfax area real estate market”, said A. Yoni Miller, Principal of QuickLiquidity. “We have a tremendous amount of experience with purchasing and lending against partial interest positions in commercial real estate partnerships which allows us to understand and close complicated transactions quickly.” The seller received a written offer from QuickLiquidity within only days of submitting information about the property and the partnership. Once the offer was signed by the seller it took around three weeks for the sale to be finalized. QuickLiquidity worked with the seller and the managing members of the partnership to ensure the transfer was in full compliance with the partnerships operating agreement. By QuickLiquidity coming in as a new passive investor the seller was able to receive immediate liquidity without having to wait until the partnership decides to sell the property, which might not occur for many years. QuickLiquidity explains that some of the reasons an investor might want to sell their partial interest is either a personal cash-flow pinch, a diversion of interests between the investors, or to simplify the investors tax return and estate planning. When life presents unpredictable situations and liquidity is needed, partial interest owners can turn to QuickLiquidity for an immediate exit strategy. QuickLiquidity is a direct buyer and lender against partial interest positions in commercial real estate LLCs, LPs, TICS, and DSTs.

Contact: A. Yoni Miller, 561-221-0881

01/16/2018 Company News

The Blau & Berg Company Arranges Lease of 50 S. Center Street in Orange, NJ to Grassland Foods

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 lease of 50 S. Center Street, Unit #11 in Orange, NJ to Grassland Foods, a New York based premium wholesaler of dried fruits and nuts. Michael F. Schipper, Senior Associate of The Blau & Berg Company, was the procuring broker representing the lessee in the transaction.  Grassland Foods was in search of a facility in the NY/NJ metro area with close proximity to ports and commuter rail lines. The location along route 280, adjacent to the Orange, NJ train station and with easy access to route 80, 287 and the NJ Turnpike provided a solution to their needs. A period of rapid sales growth and new product offerings provoked the move from their Long Island, NY location. The Blau & Berg Company negotiated a long-term lease on the 7,271 SF space. “Grassland Foods was seeking to improve its business by relocating near the active port of Newark and its network of transport highways,” stated Michael F. Schipper. “Under new ownership, the facility was restored and updated to allow for cleaner and more efficient workspace and is part of a larger revitalization of the area, making it especially appealing.” 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

01/16/2018 Personnel News

Brittany Aceves Hired by Cavignac & Associates as Surety Department Account Manager

Cavignac & Associates

Brittany Aceves has joined Cavignac & Associates, a downtown San Diego-based risk management and insurance brokerage firm, as their new Surety Department Account Manager, charged with managing and maintaining surety bond programs on behalf of the agency’s surety clients. She brings nearly five years of experience in this field, having previously served as surety account manager for Steward Surety & Insurance Services in Encinitas, Calif.

Contact: Bonnie Kutch, 619-299-1010

01/12/2018 Company News

C.W. Driver Companies Tops Out Hillsdale Shopping Center

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, recently “topped out” the Hillsdale Shopping Center’s North Block Redevelopment. The milestone was marked by the installation of the final steel structural beam, which was painted and signed by Brent Hughes, vice president of operations at C.W. Driver Companies; Robert Webster, CEO and president of Bohannon Development Company/Hillsdale Shopping Center; Larry Ivich, CSM, vice president and general manager of Bohannon Development Company/Hillsdale Shopping Center; Michael Jepsen, director of construction for Bohannon Development Company/Hillsdale Shopping Center; John Biale and Janice Fetzer, directors with G & M Realty Ventures, LLC and the entire project team. One of the largest enclosed shopping centers in the San Francisco Bay Area, the Hillsdale Shopping Center attracts more than 8 million shoppers annually. C.W. Driver Companies’ reconfiguration of the 12.5-acre northern portion of the center involves tearing down the Sears building, redeveloping the surface lot and 291,519 square feet of retail, dining and entertainment space. Led by project executive Corky Silva and senior superintendent Leo O’Brien, the project is expected to be completed in the fall of 2018.

Contact: Jade Terry, 714-263-8752

01/10/2018 Company News

New Members

ALNA Construction Corp.

Contact: William Keller, 201-320-9348

01/10/2018 Company News

Calkain Brokers Sale of Florida Medical Building


Calkain Companies LLC, led by Managing Partner Patrick Nutt and Managing Director Doug Aronson, recently sold a medical property leased to Primary Care of the Treasure Coast, a full service medical practice in Vero Beach, FL. The property traded for $6,500,000 and was purchased by a Florida-based 1031 exchange buyer. Calkain represented the seller, an entity affiliated with LNR Partners, LLC, a Miami Beach based real estate investment and management company and a CMBS special servicer.

Contact: Traci Bidinger, 703-935-0947

01/10/2018 Company News

Boston Capital Invests in Affordable Multifamily Community for Seniors in Portland, Maine with Community Housing of Maine

Boston Capital

Boston Capital is investing in the renovation of Northfield Green, a 201-unit development for seniors in Portland, Maine. The general partner is Community Housing of Maine (CHOM), based in Portland. Originally developed in 1978, the apartment community will be renovated with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. "Northfield Green represents our 6th investment with our partner and friends at Community Housing of Maine," said Jack Manning, president and CEO of Boston Capital. "Residents of this outstanding property, which serves seniors in need of affordable homes in Portland, will benefit from sustainable interior and exterior renovations."

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

01/09/2018 Deal

Cushman & Wakefield Closes 161,000 SF in Leases at Morris Corporate Center 1 & 2

Cushman & Wakefield

A 42,993-square-foot commitment by Wallenius Wilhelmsen Logistics this fall punctuates a period of active leasing at Morris Corporate Center 1 & 2 in Parsippany. A Cushman & Wakefield office brokerage team led by William O’Keefe, Charles Parmelli and Jackie Madden have orchestrated more than 161,000 square feet in new leases, renewals and expansions at the property to date in 2017. Raymond Trevisan, Executive Managing Director with Cushman & Wakefield, served as tenant broker for Wallenius Wilhelmsen Logistics. The company, which delivers global shipping and logistics solutions for manufacturers of cars, trucks, heavy equipment and specialized cargo, will relocate its U.S. headquarters operation to the property from locations in Bergen and Middlesex counties. “Our site search concentrated in northern Parsippany, which provides an easily accessible, central location for this strategic consolidation,” Trevisan said. “My client wanted a quality building with competitive economics. Morris Corporate Center 1 & 2 was an ideal fit.”

Contact: Evelyn Weiss Francisco, 201-796-7788

01/08/2018 Personnel News


Cox, Castle & Nicholson

Cox, Castle & Nicholson LLP, one of the preeminent full-service law firms focused on real estate in the United States, proudly announces the promotion to partner of powerhouse senior counsels Andrea Saunders Rifenbark and Elizabeth A. Willes, effective Jan. 1, 2018. Rifenbark’s and Willes’ deep-rooted experience with joint ventures and other complex real estate transactions enhances the firm’s commercial real estate and institutional investment practices during a dynamic and durable economic growth cycle. Rifenbark began her career at Cox, Castle & Nicholson as a summer associate 15 years ago. Today her institutional investment practice focuses on acquisitions and dispositions as well as domestic and international joint ventures and financial transactions for pension funds and other institutional clients. During her tenure, Rifenbark has worked on many high-stakes matters, including the recent acquisition of a $610 million office park for one of the largest U.S. public pension funds. Willes joined Cox, Castle & Nicholson in 2014 as a senior counsel with more than 20 years of experience in commercial real estate law. She represents real estate owners, investors and developers during all phases of the acquisition, development, management, leasing, financing and disposition of retail, residential (including multi-family and student housing), office and industrial properties. A significant amount of her current practice focuses on the representation of institutional investors and public pension funds in complex joint ventures and fund investment transactions involving hundreds of millions of dollars in commitments.

Contact: Angelyssa Granillo, 909-576-1758

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