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.

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 (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.

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

01/12/2018 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

01/09/2018 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

12/18/2017 Company News

Boston Capital Invests in Affordable Multifamily Community for Families in Colorado with Inland Group

Boston Capital

Boston Capital is investing in the construction of Copper Stone Apartments, a 260-unit multifamily development for families in Lafayette, Colorado. Copper Stone Apartments will be built with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. The developer is Inland Group, based in Spokane, Washington. To date, Boston Capital has invested in seven affordable apartment communities in CA, CO and WA with Inland Group, comprising nearly 1,616 affordable apartments.

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

12/18/2017 Personnel News

Cavignac & Associates Employees Give $18,000 Out of Their Own Paychecks to Local San Diego Charities for Christmas

Cavignac & Associates

In keeping with an 18-year-old Christmas holiday tradition, all 50 employees of Cavignac & Associates, a San Diego-based risk management firm, donated gifts of hope and cheer to those less fortunate in the community, giving a combined $18,000 out of their own paychecks to 11 local nonprofit organizations. The $18,000 worth of holiday donations from Cavignac & Associates’ employees was in addition to the more than $100,000 in corporate contributions and individual donations made by the company’s six principals during 2017.

Contact: Bonnie Kutch, 619-299-1010

12/18/2017 Deal

Onward Investors signs 50,000-square-foot lease with Lockton Affinity at Executive Centre in Overland Park, Kan.

Onward Investors

Onward Investors signs 50,000-square-foot lease with Lockton Affinity at Executive Centre in Overland Park, Kan. KANSAS CITY (December 2017) – Onward Investors, a national commercial real estate investment and development firm, has signed a 50,214-square-foot lease with Lockton Affinity, LLC at Executive Centre II in Overland Park, Kan. Lockton Affinity had been sought by many landlords in the Kansas City market. Minneapolis-based Onward Investors acquires commercial properties in markets throughout the U.S. The Executive Centre property is a three-building, 220,220-square-foot office complex located on I-435, 12 miles south of downtown Kansas City, Mo. The office complex maintains a strong occupancy rate and includes major tenants such as UPS and Maxim Healthcare Services. Onward Investors purchased the Executive Centre in October 2015. The office complex is comprised of two three-story office buildings with underground and surface parking and one two-story office building with surface parking. Each building features two-story lobbies with an abundance of natural light and high-quality finishes. In addition, the property is complemented with mature landscaping and an attractive park-like setting. Since the acquisition, the company has completed extensive property improvements to the building’s interior and exterior, and new site and wayfinding signage. Onward has installed a micro market serviced by Company Kitchen, and is in process of adding a fitness center for the property. Located at 10881-10901 Lowell Avenue in Overland Park, Executive Centre’s complex includes Buildings I and II (each approximately 93,000 square feet); and Building III (approximately 34,000 square feet) and a 4.8/1,000-square-foot parking ratio.

Contact: Gail Shore, 612-770-4106

12/18/2017 Company News

C.W. Driver Companies "Tops Out" Soboba Casino and Resort

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, “topped out” the Soboba Band of Luiseño Indians’ replacement casino and hotel project this Monday, Dec. 11. To mark the milestone of the final beams being put in place, three all-white beams were signed by Tribal Council members, Tribal Administration employees and Soboba Casino employees. Located in San Jacinto, California, the project features a 140,000-square-foot casino including 2,000 slot machines and 24 table games in addition to a six story, 200-room hotel.

Contact: Jade Terry, 714-263-8752

12/14/2017 Company News

C.W. Driver Companies Tops Out Soboba Replacement Casino and Resor

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, “topped out” the Soboba Band of Luiseño Indians’ replacement casino and hotel project this Monday, Dec. 11. To mark the milestone of the final beams being put in place, three all-white beams were signed by Tribal Council members, Tribal Administration employees and Soboba Casino employees. Located in San Jacinto, California, the project features a 140,000-square-foot casino including 2,000 slot machines and 24 table games in addition to a six story, 200-room hotel.

Contact: Jade Terry, 714-263-8752

12/13/2017 Deal

Dermody Properties Leases 401,008 Square Feet in New Jersey to Kenco Logistics

Dermody Properties

Dermody Properties, a national real estate investment, development and management company, specializing in acquisitions and development of logistics real estate, recently leased 401,008 square feet in its LogistiCenterSM at Logan industrial park to Kenco Logistics (Kenco). Kenco specializes in distribution and fulfillment, transportation management, material handling, real estate management and information technology. Kenco will use the new facility, located at 395 Pedricktown Rd., for storage and distribution of their customers’ products. This new facility will accompany 90 other Kenco warehouse locations, and is expected to add 50 new jobs to the region initially. Kenco has leased 401,008 square feet of the building at 395 Pedricktown Rd., and 80,750 square feet remains available for lease. Marc Isdaner, Mark Chubb and Michael Zerbe of Colliers International represented Dermody Properties in the transaction. Vincent Ranalli and William Goodwin of CBRE represented Kenco. The building was designed by Ware Malcomb and Blue Rock construction is serving as the contractor for tenant improvements. Kenco is expected to move into the building in January.

Contact: Chrisie Yabu, 775-686-7437

11/30/2017 Company News

Cavignac & Associates Named Among "Best Places to Work" by San Diego Business Journal

Cavignac & Associates

Cavignac & Associates, a downtown San Diego-based risk management and insurance brokerage firm, recently was named as one of the “Best Places to Work in San Diego.” The annual list of the Best Places to Work in San Diego was created by the San Diego Business Journal and Best Companies Group, with funding from their sponsors Kaiser Permanente and GreenRope. The survey and awards program was designed to identify, recognize, and honor the best employers in San Diego for benefiting the county’s economy, workforce, and businesses. The list is made up of 100 companies divided into four categories: 35 small-sized companies (15-49 US employees), 35 medium-sized companies (50-249 US employees), 17 large-sized companies (250-1,999 US employees), and 13 mega-sized companies (2,000 or more US employees). Cavignac & Associates was named one of this year’s Best Places to Work in San Diego in the small-size company category. “We’re honored to once again be named a Best Place to Work in San Diego and pleased that our employees had good input for the judges,” said Jeffrey Cavignac, CPCU, ARM, RPLU, president and managing principal of Cavignac & Associates. “We realize our employees are spending much of their lives here and a lot of time together, so we do everything we can to make it rewarding and fun.”

Contact: Bonnie Kutch, 619-299-1010

11/29/2017 Deal

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Contact: Devin, 703-624-2945

11/10/2017 Company News

DOWNTOWN PORTSMOUTH NH BUILDING SOLD

The Kane Company

DLJ Group, LLC has purchased a 3,312 square foot multi-use three story building at 110 State Street in downtown Portsmouth NH from Streetscapes Properties, LLC. The 200 year old property, which had recently been renovated, features a street level commercial space with an outdoor patio, a backyard and stairs leading to a second floor deck. The refurbished second and third floors each feature a one bedroom apartment. Jody Skaff of The Kane Company was the listing broker and Jean Kane of The Kane Company procured the buyer.

Contact: Megan Levesque, 603-430-4000

11/05/2017 Company News

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11/05/2017 Deal

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11/05/2017 Deal

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11/05/2017 Deal

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