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.

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

07/02/2018 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

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 alicia.niland@bridge.commercial.com.

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

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 Ten-X.com, 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 LLP WELCOMES LAND USE VETERAN

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: www.millerconstruction.com [1]. # # # Links: ------ [1] http://www.millerconstruction.com

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

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

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

05/16/2018 Company News

“LATITUDE” Campus Rebrand Taps into Bi-Coastal Connectivity Theme, Reflects Deep Hospitality Focus

Vision Real Estate Partners

A bi-coastal amenity theme and impressive hospitality-focused experience are central to Vision Real Estate Partners and Rubenstein Partners’ newly unveiled LATITUDE, located on Interpace Parkway in Parsippany. Designed by the joint venture as a comprehensive rebranding and reintroduction of its recently acquired office campus previously known as Morris Corporate Center IV, the multi-million-dollar LATITUDE repositioning will serve to unify and enhance that original, circa 2000 two-phase development. The result will be a single, 30-acre campus offering 700,000 square feet of premier corporate, health, wellness and lifestyle-focused work spaces.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/16/2018 Company News

C.W. Driver Companies Golf Tournament Raises More Than $23,000 for Solutions for Change

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, hosted its third annual charity golf tournament benefiting Solutions for Change on April 23. The tournament was held at Twin Oaks Golf Course in San Marcos. The builder’s executives, employees, subcontractors and industry partners came together to raise more than $23,000 for the nonprofit, whose mission is to permanently solve family homelessness – one family, one community at a time. To date, C.W. Driver has raised more than $60,000 for the nonprofit in addition to providing countless hours of volunteer work.

Contact: Jade Terry, 714-263-8752

05/09/2018 Company News

Cushman & Wakefield Marketing 11 Waterview Blvd. for Sale or Lease

Cushman & Wakefield

Cushman & Wakefield has been appointed to market 11 Waterview Boulevard in Parsippany as a headquarters opportunity for sale or lease. The 120,000-square-foot office asset sits immediately off Route 46, at the intersection of Interstates 287 and 80, and represents the largest, Class A user-purchase opportunity in the immediate market. The three-story building features a stately pre-cast concrete façade and a full-height ceremonial staircase connecting its three stories. Each floor is finished with perimeter offices, an open-format collaborative core with work pods, and a bistro-style kitchenette with high-top tables and lounge seating. Building amenities include a full-service, 200-seat cafeteria, fitness center with lockers and showers, and multiple conference rooms. Its future occupant will also benefit from Category 6 wiring, multiple fiber carriers and an IT room with dedicated cooling.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/08/2018 Company News

Boston Capital Invests in Multifamily Community for Families in Scarborough, Maine with Avesta Housing

Boston Capital

Boston Capital is investing in the construction of Southgate House, a 38-unit apartment community for families in Scarborough, Maine. The development will include the rehabilitation and adaptive reuse of a two-story historic farmhouse into eight one-bedroom units and the new construction of 30 units in a single four-story building. The general partner is Avesta Housing, based in Portland, Maine. "Southgate House represents our 13th investment with our partner Dana Totman and our friends at Avesta Housing," said Jack Manning, president and CEO of Boston Capital. "Residents of this unique apartment community, which is the first tax credit property in Scarborough, will benefit from supportive services as well as easy access to good schools, retail and community services."

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

05/07/2018 Company News

Calkain Urban Advisors Completes $14.9M Sale of MacArthur Retail & Professional Center

Calkain

Calkain‘s Urban Investment Advisors team of Rick Fernandez and Andrew Fallon, recently completed the sale of the MacArthur Retail & Professional Center at 5185 MacArthur Boulevard, NW located in the Palisades neighborhood just north of Georgetown in Washington, DC. The 90% leased, 43,543 square foot, 3-story property is anchored by a dynamic suite of ground floor retail including Starbucks and the UPS Store. Calkain represented the seller in the transaction and the property sold for $14,925,000.00 to a private group of investors from New York.

Contact: Traci Bidinger, 703-935-0947

05/02/2018 Company News

Sheryl C. Starr Elected As Firm’s New Managing Partner

Bernkopf Goodman LLP

Bernkopf Goodman LLP is proud to announce that Sheryl C. Starr, a Real Estate, Corporate, and Business Law Partner, has been elected as the firm’s new Managing Partner. As Managing Partner, Starr will oversee Bernkopf Goodman’s day-to-day operations by working closely with the Executive Committee, the Chief Operating Officer, the Marketing Committee, the Technology Committee, and other key leadership individuals in the firm.

Contact: Jeannette Riendeau, 617-790-3000

05/02/2018 Personnel News

Calkain Hires Jim Isbell to Open New Philadelphia, PA Location

Calkain

Calkain Companies LLC announced this week that it has hired Jim Isbell to open a new office location for the firm, further expanding its presence along the east coast. Isbell, a Director at Calkain, is joining forces and will manage the new office located just outside Philadelphia at 3477 Corporate Parkway in Center Valley, PA. With over 20 years in the financial securities industry, Jim has helped advise clients on how to grow and serve their client base, reduce costs and improve profitability. “His vast knowledge of that industry and strong relationship skills will translate well as Jim ventures into the net lease industry,” stated Jonathan Hipp, president and CEO of Calkain. “Understanding our clients’ needs and delivering solutions that maximize the yield on their investment portfolios is vital to our success. Jim’s skillset will complement our current team’s expertise and enable us to continue best serve our clients.”

Contact: Traci Bidinger, 703-935-0947

04/27/2018 Deal

Cushman & Wakefield Represents Konica Minolta in Dual Sale/Leaseback Transactions in Ramsey, N.J.

Cushman & Wakefield

Commercial real estate services firm Cushman & Wakefield has arranged dual sale/leaseback transactions for Konica Minolta Business Solutions U.S.A., Inc. on Williams Drive in Ramsey, NJ. The strategic assignment, fueled by a $29 million Grow New Jersey grant, enables the consolidation of the technology and IT services firm’s U.S. operations into a single, northern New Jersey campus. Richard Baumstein and Marc Graham, based in Cushman & Wakefield’s East Rutherford, N.J. office, serve as national real estate advisors for Konica Minolta. The team represented the company in contracting to purchase 133 Williams Drive, a 171,500-square-foot industrial asset. Dan Foley of Savills Studley served as broker for the seller, Prestige Motors.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/26/2018 Deal

Vision Real Estate Partners Acquires 226,317-SF, Class A Office Building in Morris County, N.J.

Vision Real Estate Partners

Vision Real Estate Partners continues the expansion of its northern New Jersey office footprint with the acquisition of a 226,317-square-foot, Class A office building in Morris County, New Jersey. The four-story property at 20 Waterview Boulevard in Parsippany is situated within the Waterview Corporate Center. 20 Waterview Boulevard, which is the largest of the premier office park’s buildings, and is suitable for small and large users alike, features flexible floor plates that allow for contiguous suites from 10,000 to 100,000 square feet.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/24/2018 Personnel News

Nineteen Cushman & Wakefield Professionals in N.J. Named as CoStar Power Brokers

Cushman & Wakefield

Nineteen Cushman & Wakefield commercial real estate leasing and sales specialists in New Jersey have been named among CoStar’s 2017 Power Brokers. The research organization also recognized Cushman & Wakefield among New Jersey’s top leasing and sales firms. The Power Broker awards are presented to companies and individuals who close the highest transaction volume in their respective markets throughout a given year. Cushman & Wakefield’s individual honorees for office leasing include (in alphabetical order) Ben Brenner, Kevin Carton, Daniel J. Johnsen, Jackie Madden, William O’Keefe, Charles P. Parmelli, Shawn Straka and Raymond Trevisan. The firm’s industrial leasing Power Brokers include Jason Barton, Charles Fern, Jason S. Goldman, Daniel J. Johnsen, Marcus Petrella and Andrew Siemsen. Additionally, David W. Bernhaut, Gary Gabriel, Andrew J. Merin, Kyle Schmidt and Brian J. Whitmer were recognized for investment sales volume.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/24/2018 Personnel News

Kathy Majam Appointed Sr. Person Lines Account Manager for Cavignac & Associates

Cavignac & Associates

Kathy Majam, a 34-year veteran of the insurance industry, has been named by Cavignac & Associates a leading risk management and insurance brokerage firm, as senior account manager within its Personal Lines Department. The company established that department three years ago as a way of broadening it range of risk management and insurance brokerage services it provides to both commercial and private clients. Majam will serve as the main contact at the agency for clients whose accounts she has been assigned. She is charged with processing new and renewal policies, preparing quotes, submitting endorsement requests and other activities associated with her clients’ accounts.

Contact: Bonnie Kutch, 619-299-1010

04/24/2018 Deal

Colliers Arranges Sale of Cooke Mills Apartment Property in Paterson

Colliers International Group

Paterson, N.J., April 24, 2018 – In one of Paterson’s highest per-unit-price multifamily sale[s] to date , Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) has arranged the trade of Cooke Mills, 19 Market Street in Paterson. The Great Falls Historic District rental property drew more than three dozen tours and 18 qualified bidders – and closed within 75 days of being presented to the market. A private regional investor purchased the 14-unit apartment property from a repeat Colliers client for $1.9 million – or $135,750 per unit. 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 marketed the property in conjunction with Ten-X, an online transaction platform for commercial real estate, also leveraging Colliers’ proprietary investor database. This hybrid approach resulted in the execution of 272 confidentiality agreements.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/17/2018 Company News

Boston Capital Invests in Two Affordable Multifamily Communities for Veterans, Families and the Homeless in San Diego with Affirmed Housing

Boston Capital

Boston Capital is investing in the construction of two affordable apartment communities in San Diego, Calif: The Stella, an 80-unit permanent supportive housing development serving the homeless and homeless veterans and Bluewater, an 80-unit development for families and veterans. These investments represent Boston Capital's 24th and 25th partnerships with Affirmed Housing, based in San Diego.

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

04/16/2018 Personnel News

Dermody Properties Welcomes Kathleen S. Briscoe as Partner, Chief Capital Officer

Dermody Properties

Crosswater Advisors; and served as Chief Operating Officer and Chief Investment Officer for real estate at Cordia Capital Management. “Kathy will be integral to the growth of our investment management business,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “We are delighted to have someone with her experience, skills and personal qualities join the Dermody Properties team.” About Dermody Properties Dermody Properties is a privately owned industrial real estate investment, development and management firm that specializes in acquisitions and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third party logistics and distribution customers. Founded in 1960, Dermody Properties has invested in more than 70 million square feet of industrial space. To learn more about Dermody Properties visit Dermody.com.

Contact: Katie Coleman, KPS3, 775-781-0881

City of St Albert PV|303