1-27-2012 shopping center

Section B, 20 pages

ESSUP, MD — The prin-cipals of The Dolben Com-pany, Inc., announced

that construction on Mission Place is complete. Located at the junction of Washington Boulevard and Mission Road in Jessup, Mission Place is a $53 million Smart Growth mixed-use development with 262 apartment units and 23,555 s/f of retail space on a 6.5 acre parcel of land. The mixed use project is one of the first to revitalize the Route 1 corridor in Howard County. Mission

Section B of the Mid Atlantic Real Estate Journal

SHOPPING CENTERS

Mid Atlantic REAL ESTATE JOURNAL

ALSO INSIDE:

HI-LIGHTS

www.MAREjournal.com

NAI Commercial Partners, Inc. announced the sale of 13,000 s/f of commercial re-tail space on .54 +/- acres for a price of $149,000. See page 2B.

John M. Azarian, CSM, an-nounced his company’s ap-pointment as exclusive leas-ing and managing agent of the Washington Town Center. See page 3B.

NAI Commercial Partners, Inc. closes $149,000 sale

Azarian Realty Co. exclusive leasing & managing agent

ICSC ORGANIZATION PAGE ................................................4B

BUSINESS CARD DIRECTORY ..............................................15B

RETAIL BROKERAGE DIRECTORY ................................. 16-IBC

JANUARY 27 - FEBRUARY 9, 2012

ALLENTOWN, PA — John Crampsie, principal at NAI Summit, recently represented the owner in the sale o f 107,770 s/f of retail space at 501 Cetronia Rd. The sell-ing price was $6,430,000.

The own-er, First Star Bank, is a community bank headquartered in Bethlehem, PA.

The buyer, St. Luke’s Hospital and Health Network, is a multi-hospital system affi liated with over 1,200 doctors in the Lehigh Valley region. ■

One of the fi rst to revitalize the Route 1 corridor in Howard County, MD

The Dolben Company completes the construction of $53m Smart Growth mixed-use development

J

Crampsie represented the owner, First Star Bank

NAI Summit closes $6 million sale of 107,770 s/f retail space in PA

501 Cetronia Road

Mission Place

Building relationships one story at a time. NAI Summit Property Management.

Here’s Dr. Fogarty’s story:“My Partners kept complaining that they and their patients weren’t comfortable. The building was too cold in the winter and everyone was freezing. In addition to unhappy occupants, our energy costs were significantly increasing. We turned to our building’s property management team at NAI Summit for help. Because of their many years in the business and strong relationships with the area’s top vendors, NAI Summit recommended working with a local HVAC company to perform a total system assessment and energy audit. Results of the audit suggested some system modifications and upgrades with a price tag of $104,000.00 and a projected payback of 3.9 years. After NAI Summit provided us with all the tools to make an educated decision, we agreed to move ahead with the project. In the first year, our utility bills were reduced by $50,591.00; making payback possible in only 2 year’s time, and my partners were satisfied, comfortable and grateful.” – Dr. Kevin Fogarty, Managing Partner, Bethlehem Medical Arts, LP

Visit www.naisummit.com to see where we can help you today.

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Summit6 1 0 2 6 4 0 2 0 0 • L e h i g h Va l l e y PA

We are here.

John Crampsie

Place’s apartment homes are currently 93% leased. Signed retail tenants include a phar-macy and barber shop, with additional tenants to come in 2012.

The unit mix is comprised of 101 one-bedroom/one-bath apartments that average 778 s/f, and 161 two-bedroom/two-bathroom apartments that av-erage 1,140 s/f. Unit amenities include full-sized washer/dry-ers, nine-foot ceilings, six-panel doors, and walk-in closets.

Andrew K. Dolben, senior

vice president, Development, noted, “We are very pleased to have completed construction on Mission Place. The property is leasing up ahead of projec-tions, and we are delighted to be able to offer our residents an array of on-site services. Mission Place was developed by Dolben to meet the growing demand for apartment living in Howard County created in part by the thousands of jobs fl owing into nearby Fort Meade under BRAC (Base Realignment and Closure).” ■

Shopping Centers featuring Mid Atlantic ICSC Conference & Deal Making

http://www.MAREjournal.com



http://www.naisummit.com

B Inside Cover — January 27 - February 9, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal www.MAREjournal.com

Coldwell Banker Commercial Bennett Williams110 N. George Street– 4thfloor

York, PA 17401717 -843 -5555

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Silver Spring Square Newberry Pointe Wayne Plaza

Hanover Crossing Rouzerville Commons SC Silver Moon Shopping Center

Dover Marketplace South York Plaza Cape Horn Square

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Old Trail RoadNewberrytown, PA 17319

1,500-6,500 SF FOR LEASE

933 Wayne PlazaChambersburg, PA 17201


411 Eisenhower DriveHanover, PA 17331

10,000-65,000 SF FOR LEASE

199 AJK BoulevardLewisburg, PA 17837


Pauline DriveYork, PA 17403


639 Lombard RoadRed Lion, PA 17356


2100 Palomino RoadDover, PA 17315


Mechanicsburg, PA 17050


Washington Township Blvd.Waynesboro, PA 17268


Carlisle Pike & Lambs Gap Road


http://www.bennettwilliams.com

www.MAREjournal.com Mid Atlantic Real Estate Journal — Shopping Centers — January 27 - February 9, 2012 — 1B

SSEEKING RETAIL PROPERTIES ON THE EAST COAST

Glen Burnie, MDGlen Burnie, MD September 2009September 2009

Canandaigua, NYCanandaigua, NY March 2010March 2010

Enfield, CTEnfield, CT March 2009March 2009

Southampton, PASouthampton, PA July 2010July 2010

Derry, NHDerry, NH February 2011February 2011

Chili, NYChili, NY April 2011April 2011

Reading, PAReading, PA August 2011August 2011

Daniel Katz 212.710.9362

[email protected]

Eric Wolf 267.528.3113

[email protected]

$14.1M ACQUISITION

CLOSED

DECEMBER 20, 2011

Hannaford PlazaHannaford Plaza Utica, NYUtica, NY


mailto:[email protected]

mailto:[email protected]

�B — January �7 - February 9, �01� — Shopping Centers — Mid Atlantic Real Estate Journal www.MAREjournal.com

Shopping CenterS

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Breaking New Ground

Shopping CenterSGross of LMS Commercial reps seller

NAI Commercial Partners, Inc.closes $149,000 sale of retail space

L

a section of the

Mid Atlantic Real Estate Journal

P.O. Box 26, Accord, MA 02018781-871-5298 • 800-584-1062

fax 781-871-5299MAREjournal.com

Section PublisherElaine Fanning

[email protected]

Section EditorRachel Rugman

[email protected]

Shopping CentersReal Estate Journal

SERVING CENTRAL PENNSYLVANIA FOR OVER 50 YEARS• Landlord Representation

• Tenant Representation

• Investment Sale &Acquisition

• Site Selection

• New Construction Leasing &Development

• Property & PortfolioDispositions

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110 N. George Street, 4th floorYork, PA 17401

ph: 717-843-5555fax: 717-843-5550

www.bennettwilliams.com

Steve Clipman

Specializing in Retail Brokerage in Pennsylvania, Maryland & West Virginia Owner RepresentationSite SelectionInvestment AnalysisMarket Research

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ANCASTER, PA — NAI Commercial Partners, Inc. of Lancaster an-

nounces the sale of 13,000 s / f o f com-mercial retail space on .54 +/- acres lo-cated at 10 Eisenhower B o u l e v a r d ( p i c t u r e d right) in Lancaster, for a price of $149,000. Steve Clipman of NAI Commercial Partners Inc and

Blake Gross of LMS Commer-cial Real Estate represented the seller Bernstein Family Ir-revocable Trust and the Buyer PEC Group, LLC. n

YORK, PA – ROCK Com-mercial Real Estate ended 2011 with several retail leases, and helped two new retail storefronts open in York City.

Beds to Go leased 3,200 s/f of retail space at 375-379 West Market Street in York.

The grand opening took place on Friday, January 6th.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction.

Cheryl A. Mansberger, Inc. leased 1,092 s/f of retail storefront space at 48 West

Philadelphia Street. The Cherie Anne retail store features a wide assortment of loose leaf teas and a tea bar, homespun fashions and custom-made jewelry. ROCK Commercial Real Estate, LLC represented the land-lord and the tenant in this transaction.

Ingres Morel and Yeraldin Mueses leased 1,040 s/f of retail space at 294 West Market Street in.

ROCK Commercial Real Estate, LLC represented the landlord and the tenant in this transaction. n

ROCK Commercial leases 5,33� s/f retail Space in York, PA


SHOPPING CENTERS

For Washington Town Center

Azarian Realty Co. named exclusive leasing & managing agentW

ASHINGTON, NJ — John M. Az-arian, CSM, an-

nounced his company ’s a p p o i n t -m e n t a s e x c l u s i v e leasing and m a n a g i n g agent of the Washington Town Center, located at 273 Pascack Road, Washington Township, New Jersey 07676. Azarian Re-alty Co. was hired by the longtime, original owner of the property. The Washington Town Cen-ter is approximately 130,000 square feet and has vehicle parking for 500 with 38 ten-ants including Super A&P, Rite Aid, United States Post Office, Triplex Movie The-ater, PNC Bank, and satel-lite stores such as Subway, Dairy Queen, etc. It was built in the early 1960’s and extensively renovated in 1998. The Washington Town Center is conveniently located in the heart of Bergen County on Pascack Road in close proximity to the Garden State Parkway and Route 17. It is the only shopping center in the area and has, as a cus-tomer base, over 90,000 peo-ple within two miles earning

an average household income of approximately $90,000. Twenty two thousand cars pass the site daily. Azarian Realty Co. is excited about its recent assignment as leasing and management agent of the Washington Town Center. Azarian Realty Co. plans to implement an aggressive leasing program in an effort to lease current vacancies in the shopping center, which range in size from 738 square feet to 6,981 square feet. “We have extensive experi-ence throughout Northern

New Jersey where most of our properties are located. We are confi dent we will be able to lease the current va-cancies at reasonable prices and manage the property efficiently and effectively,” says John M. Azarian, CSM, owner of Azarian Realty Co. Azarian Realty Co. and its parent company, The Azarian Group, L.L.C. currently own, manage and lease 20 income producing properties totaling over 1,000,000 square feet with more than 300 tenants throughout New Jersey and New York. ■

John Azarian

Washington Town Center

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REMCO REALTY GROUP, LLC525 Milltown Road, Suite 101

North Brunswick, NJ 08902(732) 253-0888 x 11

www.RemcoRealty.net

Sale / Lease: HAZLET, NJUser-Investor Opportunity, 28,000sf on 3 acres, occupy half or whole building, units of 14,000sf and 28,000sf, large two panel pylon sign, 2 loading docks, collect rent from Salvation Army & Sonic Drive-In, additional rear parking lot, located on the thriving route 22 retail corridor!

Sale / Lease: GREEN BROOK, NJ

Free standing 15,000sf retail building on 2.57 acres, up to 100 car parking, with large Two Panel Pylon sign. The building is clear span and column free. Serving: Hazlet, Keyport, Aberdeen and Holmdel. Ideal uses: Home Improvement, Fitness, Appliances, Day Care, Electronics, Party & Rentals, Golf, Liquor Store, Pools & Patio, Marine, Produce Market, Pet Supplies

4B — January 27 - February 9, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal www.MAREjournal.com

Member of International Council of Shopping Centers

www.icsc.orgMichael KerchevalPresident & CEO

ICSC

David HenryICSC

Chairman

Northern NJ

State Director

Steven H. Gartner

Metro Commercial Real

Estate

Government Relations

Committee Chair

Michael A. Mozzachio

Chancellor Development

Group

Alliance Co-Chair

Edward A. Shriver, Jr.

Strada

Operations Co-Chair

Lynda E. Benedetto,

SCSM

Kravco Simon Co.

Retail Co-Chair

Roy T. Perez-Daple

Lowe’s Companies

Next Generation Chair

Eric S. Penney

Centro Properties Group

Idea Exchange

Program Planning Com-

mittee Co-Chair

Timothy Rubin

PREIT

Idea Exchange

Program Planning Com-

mittee Co-Chair

Brandon Famous

Fameco

State Directors

PA/DE/S.NJ: John-david W. Franklin

Madison Marquette

DC/MD/N.VA: Larry M. Spott, CDP

The Rappaport Companies

S.VA: Susan F. Jones

Grubb & Ellis

Government Relations Committee Chair

PA/DE/S.NJ:Ed Kochman

KochmanConsulting Services

DC/MD/N.VA:Thomas C. Barbuti

Whiteford, Taylor and Preston LLP

S.VA:Roger R. Rodriguez

Timmons Group

Alliance Co-Chair

PA/DE/S.NJ: Russel Jenkins

Zamias Services Inc.DC/MD/N.VA:

Patricia PalumboKlein Enterprises

S.VA:Matthew L. Lafl erCommercial Real Estate Services

Next Generation Chair

PA/DE/SNJ:Jordan Claffey

Centro Properties GroupSNJ:

Lindsey C. FloydThalhimer

DC/MD/N.VA:Jarett L. Parker

Kimco Corporation

Adam IfshinEastern Division

VP & Trustee

John-david Franklin Director,

PA/DE/S.NJ

Larry M. SpottDirector,

DC/MD/N.VA

Susan JonesDirector,

S.VA

Entrance

RETAILER ROWRETAILER ROW

Boxed Lunch GESHelpDesk

University

HALL B HALL C


SHOPPING CENTERS SPOTLIGHT

MID ATLANTIC ICSC CONFERENCE & DEAL MAKING

ODENTON, MD — Marcus & Millichap Real Estate Invest-ment Services, announced the sale of M&T Bank, a Single-Ten-ant Net-Leased property located in Odenton, MD, according to Spencer Yablon, Regional Man-ager of the fi rm’s Philadelphia offi ce. The property, subject to a long-term ground lease with M&T, commanded a sales price of $4,025,000.

Michael Shover, Tom Gorman, and Matthew P. Gorman invest-ment specialists in Marcus & Millichap’s Philadelphia offi ce, had the exclusive listing to market the property on behalf

of the seller, a developer out of the Baltimore region.

M&T Bank is located at An-napolis Road and Blair Drive in Odenton, Maryland. “There is a strong demand for credit tenants,” Shover said. “We were able to generate eight offers from across the country and ultimate-ly selected an all cash Buyer out of Manhattan who offered a 6.61 percent capitalization rate. The lack of quality inventory on the market coupled with the historic low interest rate environment are two reasons we are seeing capitalization rates compress,” adds Shover. ■

Shover, Gorman & Gorman rep seller

Marcus & Millichap sell M&T Bank for $4.25m

M&T Bank

Zang, Taylor, Dougherty & Munley rep 1031 buyer

M&M broker the sale of 19,620 s/f retail center for $10.8m

FORESTVILLE, MD — Marcus & Millichap Real Estate Investment Services brokered the sale of a 19,620 s/f two-tenant shopping center fully leased by Walgreens and Sherwin-Williams. The center is located in the Washington, DC suburb of Forestville. The sales price is $10,880,000, which equates to $555 per s/f.

Dean Zang and Mark Tay-lor, senior directors in the fi rm’s Washington, D.C. and Philadelphia offi ces, and Der-rick Dougherty and Christo-pher Munley of the Philadel-phia office, represented the seller and located the private out-of-market 1031 buyer. David Feldman, regional man-ager of Marcus & Millichap’s Washington, D.C. offi ce, was the broker of record in the transaction.

“This property provides the

new owner with two easily managed, investment-grade credit tenants, both on long-term leases,” adds Taylor. “The fi nancing that was avail-able for this asset supported a low cap rate.”

The property is located on 1.8 acres at 7000 and 7008 Marlboro Pike in Forestville. Sherwin-Williams Paints has

occupied the parcel of land since the mid-1980s. The Wal-greens site was acquired by the developer from Sherwin-Williams Paints and rede-veloped into a new structure with Walgreens and Sherwin Williams Paints sharing a common wall. The property traded at approximately 98 percent of the asking price. ■

Walgreens & Sherwin-Williams Shopping Center

Taylor Long Properties announce 10,000 s/f lease

FREDERICKSBURG, VA — Taylor Long Properties is pleased to announce the signing of a 10-year renewal lease between GLL BVK Properties, L.P., and Five Be-low, Inc., dba Five Below, for approximately 10,000 s/f of space at Cosners Corner, 9771 Jeff Davis Highway, Fred-ericksburg, VA. Ellen Long represented the landlord.

Taylor Long Properties announced the signing of a 10-year lease between EDCO, LLC and JL Companies, Inc., dba Main Street Cabinets, for approximately 1,454 s/f of space at Hancock Village Shopping Center, Hancock Village Drive, Chesterfi eld, VA. Brian Bock represented the landlord.

Taylor Long Properties an-nounced the signing of a 4-year, 4-month lease between COOKS, LP and Peoples Income Tax, Inc., dba Peoples Income Tax, for approximate-ly 1,000 s/f of space at Hu-guenot Place, 1520 Huguenot Road, Suite 111, Midlothian, VA. Brian Bock represented the landlord.

Taylor Long Properties an-nounced the signing of a 5-year, 4-month lease between Towne Center Shoppes, LLC, and ACA Enterprises, LLC, dba Kabab Grille, for ap-proximately 2,702 s/f of space at Towne Center Shoppes, 201 Towne Center West Bou-levard, Suites 706 & 707, Henrico, VA. Clint Greene represented the tenant. ■

Dougherty of Metro Commercial leases 25,522 s/f to the Tile ShopKING OF PRUSSIA, PA — The Tile Shop is expanding the Philadelphia region, and Metro Commercial has complet-ed a 25,522-s/f lease for the tile and fl oor covering store in King of Prussia, PA . The store will open this summer at 201 Al-lendale Road adjacent to Costco and will occupy the former Levitz Furniture.

Metro Commercial’s Joe Dougherty represented The Tile Shop as the local broker in the high-profi le transaction, along with Great Street Realty Partners of Chicago.

“While the space has been vacant for some time since Levitz’s bankruptcy, it required a unique retailer to take this prime, well-located space in King of Prussia,” says Dough-erty. “With the pending expan-sion of the mall right across the street, this spot will be at an incredibly prime cross-road of this market.” ■

Joesph Dougherty

The Tile Shop

Cosners Corner


MID ATLANTIC ICSC

Continued on page 9B

on Smith owns multiple commercial buildings. All have been either pur-

chased or con-structed over the last two years. Jon’s accountants recommend a cost segrega-tion study on these build-ings as this will create additional cash fl ow and reduce his overall tax li-ability – allowing for what Jon does best – the purchasing of additional properties.

Who should prepare these studies for Mr. Smith? Should

he hire a cost segregation ex-pert? Can his accountant seg-regate the costs for him? Or perhaps Mr. Smith can do it himself. He knows all the costs associated with the buildings. Can he just use the “rule of thumb” approach and segregate the costs himself? My advice to Mr. Smith is to save himself a headache (and possible prob-lems with the Department of Revenue) and hire an expert. He is better served hiring a qualifi ed cost segregation fi rm to prepare the studies.

It appears even the Depart-ment of Revenue agrees with this advice. It reached the same conclusion in the case

of Ronald Pearce and Daryl Pearce, Plaintiffs, v. Depart-ment of Revenue, State of Or-egon, Defendant (Oregon State Tax Reporter). In Pearce vs. the Dept. of Revenue, the Plaintiffs owned properties that qualifi ed for depreciation deductions under Federal and Oregon law. These properties are ordinar-ily depreciable on the 39-year schedule applicable to build-ings. In order to distinguish the buildings from their related “tangible personal property,” such as equipment, furniture, and fi xtures, which qualify for depreciation deductions on an accelerated schedule of between fi ve to seven years, the Plain-

By: Eli Loebenberg and Moshe Hildeshaim, Madison SPECS

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tiffs prepared their own cost-segregation analysis of their properties. Although Plaintiffs had no special experience in applying the cost-segregation methodology, they believed that their analysis was proper because it followed the “‘rule of thumb’ approach,” which is based upon “a preparer’s ‘expe-rience’ in a particular industry.” Plaintiffs used the results of their cost-segregation analysis including accelerated deprecia-tion deductions, in their 2004 return.

On August 4, 2009, and Au-gust 6, 2009, Defendant sent Plaintiffs Notices of Tax De-ficiency. The tax deficiencies

arose from Defendant’s denial of Plaintiffs 2004 cost-segregation analysis and Defendant’s conse-quent disallowance of Plaintiffs’ accelerated depreciation deduc-tions. In a letter dated March 2, 2010 the Defendant upheld its denial of Plaintiffs cost-segre-gation analysis explaining that the “rule of thumb” approach that Plaintiffs used “should [be] viewed by the Department of Revenue with caution, since it lacks suffi cient documenta-tion to support its allocation of costs” and that Plaintiffs failed to substantiate their costs or prepare a timely analysis.

Plaintiffs failed to satisfy their burden of proof in regards to accelerated depreciation through cost segregation. The IRS issued an Audit Technique Guide (ATG) to help guide their examiners when they encounter a return that uses cost segre-gated items for depreciation. The ATG instructs examiners to view the “rule of thumb” ap-proach used by Plaintiffs with caution because the results are “based on a preparer’s ‘experi-ence’ in a particular industry” and “[lack] of suffi cient docu-mentation to support its alloca-tion of project costs.”

Chapter three of the ATG states in part: “Despite the lack of specific requirements for preparing cost segregation studies, taxpayers still must substantiate their depreciation deductions and classifi cations of property. Substantiation using actual costs is generally preferable to the use of esti-mates. However, in situations where estimation is the only option, the methodology and the source of any cost data should be clearly documented. In addi-tion, estimated costs should be reconciled back to actual costs or purchase price.”

A “quality” cost segregation study is “both accurate and well documented.” A taxpayer’s estimated assumptions, based on guesses without support-ing records, could not form the basis for acknowledgement of a plaintiff ’s claim.

In the Pearce case, Plaintiffs used a “written inventory” to allocate values to fi xtures and cabinets. Plaintiffs did not sub-stantiate their cost allocation using actual costs. Instead, they merely used their own estima-tions or assumptions with no supporting records. In doing so, the Ronald and Daryl Pearce failed to clearly document the


MID ATLANTIC ICSC


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MID ATLANTIC ICSCSmith secures fi ve locations for Redner’s Markets

Prime Sites Realty leases 50,000 s/f at the East Pointe Shopping Center

methodology and the source of any cost data. As such, they did not prove by the preponderance of the evidence that their cost segregation was appropriate.

This case showed that while a property owner can prepare his own cost segregation study, he probably shouldn’t since the rules of a cost segregation study are many and cumbersome. While a do-it-yourself approach may work for retiling a bath-room or refi nishing cabinets, when it comes to tax benefi ts, some things are best left to the experts. That’s why even most CPA fi rms refer their clients to cost segregation specialists.

Eli S. Loebenberg, CPA, CEO of Madison SPECS LLC, has over 17 years of broad-based tax experience. Working with firms including Deloitte and Touche, KPMG, and Grant Thornton, Loebenberg is na-tionally recognized as an expert in cost segregation studies and has handled studies for clients including The New York Times, The Children’s Place, Reuters, BMW and Four Seasons Hotels. In 2006, Loebenberg partnered with Madison Commercial Real Estate Services to form Madison SPECS, LLC, provid-ing expert cost segregation and fixed asset review services. Loebenberg has a Bachelor of Arts degree in Accounting and Business Administration from the University of Maryland, Baltimore County and is a li-censed Certifi ed Public Accoun-tant through Maryland’s State Board of Public Accountancy. He is a member of the American Institute of Certifi ed Public Ac-countants. ■

Continued from page 6BTax Court Ruling. . .

E N S A L E M , P A — Carlton Smith of Prime Sites Realty

LLC secures 5 locations for Redner’s Markets.

C a r l t o n S m i t h o f Prime Sites Realty, LLC, b a s e d i n Wayne, PA, the exclusive rea l es tate broker since 1990 for Redner’s Markets, Inc. negotiated the following leases on behalf of Redner’s:

BENSALEM, Bucks County, PA: Leased the former 48,000 s/f Pathmark at the Bensa-lem Square Shopping Center,

with the owner CW Bensalem Square LP.

LIONVILLE, Chester Coun-ty, PA: Leased the former 46,000 s.f Super Fresh at the Shops at Lionville Shopping Center, with the owner Lion-ville Station S.C. Associates.

DUNDALK, Bal t imore County, MD: Leased 50,000 s/f at the East Pointe Shopping Center with the owner Balt-gem Development Corp which is under construction.

MILFORD, Kent County, DE: Leased 48,000 s/f for a ground up supermarket at the Cypress Hall shopping center which is under construc-tion with the owner Shawnee Farms, LLC

Carlton Smith

East Pointe Shopping Center

BCAMDEN, Kent County DE:

Leased 48,000 s/f for a ground up supermarket at the CR Plaza shopping center which is scheduled to break ground in February 2012 with the owner CR Plaza II, LLC

Redner’s Warehouse Mar-kets operates approx. 40 full service grocery stores offer-ing services such as; in-store bakery, full-service deli, fresh produce, meat and seafood departments, along with fro-zen, dairy, health and beauty aids/non-foods and grocery departments. At full operat-ing conditions, these stores will employ approximately 150 people in both full and part-time positions. ■


18+ million square feet

Management LLCRD Thomas G. MirandiEmail: [email protected]: 212-459-9133

212-265-6600 Ext. 239

ARIZONAMesaKohl’s

McKellips Road & Recker Road95,279 SF GLA

Part of Falcon View Plaza w/ Fry’s

PhoenixFreestanding Barnes & Noble

1035 N. Metro Pkwy. West & 28th Dr.Adjacent to Metro Center Mall

19,360 SF on 1.48 Acres

TollesonFreestanding Kmart

West McDowell Road & North 86th Drive86,479 SF GLA

FLORIDAGainsville

Mixed Use – Grocery Store & Student HousingNW 13th St & University Avenue

1.74 AcresOver 27,500 SF Ground Floor Retail in

Proposed 171,000 SF 6-Story Residential Bldg

Fern ParkLowe’s Shopping Center

6735 Hwy. 17-92 & Fernwood Blvd. near Hwy. 436129,085 SF GLA

Proposed Retail Strip: 9,000 SF

ILLINOISDowners Grove

Marshall’s at The Grove75th St. & Lemont Rd.

400,000 SF GLAAnchor Space Available 43,264 SF

NilesGolf Glen Mart (Outparcel)

Golf Rd. & Dee Rd.Up to 12,000 SF Outlot, B-T-S

INDIANAEvansville

Evansville Shopping CenterMorgan Ave. & Boeke Rd.Rural King, Dollar General

153,000 SF GLA

IndianapolisPendleton Plaza

Pendleton Pike & Shadeland Ave.Kmart

134,797 SF GLA

South BendSouth Bend Shopping Center

US Hwy. 20 & US Hwy. 31112,900 SF GLA

Anchor Space Available

MICHIGANGrand BlancVacant Land

Holly Rd. & I-7522 Acres For Sale

MuskegonMuskegon Shopping Center

Henry St. & Norton Ave.187,000 SF GLA


Port HuronPort Huron Shopping Center

Howard St. & 24th St.Big Lots, Save-A-Lot, Family Dollar

118,000 SF GLAAnchor Space & Outlot Available

RedfordRedford Plaza

Plymouth Rd. & Inkster Rd.CVS/114,865 SF GLA


SaginawSaginaw Square

Tittabawasse Rd. & Bay Rd.Target, JoAnn Etc., Staples

94,891 SF GLAAnchor Space Available

SanduskyKmart Shopping Center

M-19 & Gates Rd.176,248 SF GLA


SouthgateFort St. & Burns Ave.

60,800 SF GLAFreestanding / Redevelopment Opportunity

MINNESOTASt. Paul

Midway Shopping CenterUniversity Ave. & Snelling Ave.

Rainbow Foods, Office Max, Walgreens280,353 SF GLA

Anchor Space Available 40,262 SF

NEVADALas VegasKmart Plaza

E. Sahara Ave. & McLeod Dr.127,754 SF GLA

10,945 SF Outbldg. Available

NEW JERSEYMarlton (Evesham)

Tri-Towne Plaza Route 70 & Plymouth Dr.

Superfresh/176,519 SF GLAAnchor Space Available/Redevelopment Opportunity

MID ATLANTIC ICSC


200+ retail projects

Management LLCRD Thomas G. MirandiEmail: [email protected]: 212-459-9133

212-265-6600 Ext. 239

NEW YORKNanuet

Home Depot PlazaRoute 59 & Hutton Ave.Home Depot, Staples

250,000 SF GLA/Pad Available

OrangetownOrangeburg Commons

Route 303 & Palisades ParkwayFuture Retail Development

Anchor Space, In-Line Space & Pads AvailableAdjacent to Lowe’s

Staten IslandLowe’s West Shore Center

Veterans Rd. West (I-440) & Arthur Kill Rd.Pad Building Available

7,000 SF New Retail Bldg. Available166,600 SF GLA

Stony PointStony Ridge Plaza

Route 9W & Park Rd.US Post Office, Curves For Women

21,212 SF GLA

Williamsburg (Brooklyn)North Side Piers Retail

20 North 5th St. & Kent Ave.Tower I: 181 Condos, 113 Apts. & 17,167 SF RetailTower II: 250 Condos & 5,178 SF Specialty Rest.

OHIOAshtabula

Home Depot PlazaRoute 20 (N. Ridge Rd.) & Orchard Rd.

130,000 SF GLA18,440 SF Expansion & Pad

FindlayHobby Lobby Plaza

Tiffin Ave. & Croy Dr.Hobby Lobby


Oregon (Toledo)Vacant Land – 4.645 Acres

Dustin Rd. & Isaac Street Dr.1 block south of Navarre Ave. (Rte. 2) & Kmart

116,805 SF GLA

OREGONSalem

Kmart Shopping CenterMission Street S. E.

116,866 SF GLA

PENNSYLVANIAAllentown

Home Depot PlazaLehigh St. & Route 78

220,000 SF GLA9.82 Acres Available

CarlisleHanover Street (Route 34) & I-81

Home Depot, Chili’s140,715 SF GLA

10,584 SF Future Expansion/Pad

TrexlertownTrexlertown Marketplace

Hamilton Blvd. (Route 222) & Mill Creek Rd.Walgreens, Panera Bread, Verizon

36,068 SF GLA

TENNESSEEHermitage (Nashville)

Freestanding Bldg. adjacent toJackson’s Courtyard Shopping Center

3445 Lebanon Pike 24,040 sf GLA

36,000 sf GLA Possible Redevelopment

TexasFt. Worth

Westcliff Shopping CenterAlbertson’s Market, Dollar General

Alton Rd. & Biddison St.133,332 sf GLA

VIRGINIARichmond

Food Lion PlazaRoute 1 (Jefferson Davis Hwy.) &

Chippenham Pkwy.Outlots Available

WEST VIRGINIASt. Albans

St. Albans CenterRoute 60 & MacCorkle Ave. SW

Kmart, Super Kroger, Peebles, CVS230,000 SF GLA

PUERTO RICOArecibo

Arecibo Towne CenterRoutes 2 & 22

Future DevelopmentAnchor Position & Outlots Available

PonceReina del Sur; Outlots atPonce Towne Center II

Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52Wal-Mart SuperCenter, Home Depot

New Development & Pads525,000 ± SF GLA

NEW JERSEYMt. Olive

Pad Sites AvailableAdjacent to Foreign Trade Zone

Across from Wal-Mart, Sam’s, TJ Maxx

Old BridgeA & P Shopping Center

Route 9 & Ferry Rd.64,920 SF GLA

Up to 4,000 SF Outlot

VinelandVineland Marketplace

Delsea Dr. (Route 47) & College Dr.New Development

273,657 ± SF GLA / Outlots Available

WilliamstownWilliamstown Shopping Center

Black Horse Pike (Route 42) & Main St.CVS, Fashion Bug, Dollar General

85,000 SF GLAAnchor Space Available

NEW YORKDeer Park

Kohl’s PlazaCommack Rd. & Grand Blvd.Kohl’s, Super Stop & Shop

182,875 SF GLAProposed Pad 3,800 SF

Glenville/Scotia (Albany)Freestanding Building

Saratoga Rd. (Route 50) & Glenridge Rd.128,485 SF GLA


HoltsvilleIsland 16 Cinemas Shopping CenterNicholls Rd. & Long Island Expwy.

National Amusements Theater, Chili’s117,342 SF GLA

Pad Bldg. Available with Drive-thru

Latham/Colonie (Albany)Kmart Shopping CenterRoute 7 & Swatling Rd.

118,863 SF GLAUp to 10,000 SF Outlot Available

Monroe/WoodburyHarriman Commons

Routes 17 / 6 & Route 32Wal-Mart, Home Depot, BJ’s,

Target, Home Goods, Best Buy687,716SF GLA

Anchor Space & Outlots AvailableFuture Phase III Office Bldg.

MID ATLANTIC ICSC


PEOPLE ON THE MOVE

ALEXANDRIA, VA — Jersey Mike’s Subs offi cially opened its doors in Alexandria. Jer-sey Mike’s operator, Pat Foley knows the importance of community relations and cel-ebrated his new ties with the area during the grand open-ing on January 18, 2012. To commemorate the event, the new restaurant, located at 7732 D Richmond Highway, hosted a 5-day fundraiser from Wed., Jan. 18 through Sun., Jan. 22, with proceeds supporting Wounded War-rior Project. Anyone who had a fundraising coupon received a free regular sub for a minimum $1 contribution. Thousands of coupons were distributed throughout the community. “We owe so much to those who fi ght to keep our country safe,” said Foley. “Because of our community’s proxim-ity to the Pentagon, Ft. Bel-voir and Quantico Marine Base, the sacrifi ces made by

the men and women of our Armed Forces are especially apparent.” Foley hopes their fundraising efforts will help facilitate the mission of the organization that seeks to honor and empower present day Wounded Warriors. Wounded Warrior Project is aimed to raise awareness and to enlist the public’s aid for the needs of injured service members, to help injured servicemen and women aid and assist each other, and to provide unique, direct pro-grams and services to meet their needs. All franchise owners find ways to support their neigh-bors and employees are en-couraged to volunteer their time and talents as well. “When we give back to the communities we serve, every-one benefi ts – we congratulate Pat on this new store and his team’s community spirit.” said Peter Cancro, Jersey Mike’s founder and CEO. ■

HANTILLY, VA — J. Randy Wirt, P.E., vice president, has joined

ECS Mid-Atlantic, LLC (ECS) as the director of Engineer-ing (Geotechnical) for the new ECS Mid-Atlantic Special Proj-ects Group. Originally from Richmond, Virginia, he has both Bachelor of Science and Master of Science degrees in Civil Engineering (emphasis in Geotechnical Engineering) from Virginia Polytechnic Institute and State University in Blacks-burg, Virginia. Margaret E. Tomeo, P.E. has been promoted to the posi-tion of D.C. / Arlington County Geotechnical Group Manager. Tomeo manages subsurface explorations and construction materials testing projects, in-cluding soils, deep and shal-low-foundations, support of excavation systems, retaining wall structures, reinforced and post-tensioned concrete, masonry, structural and light-gauge steel and Exterior In-sulation Finishing Systems. She also prepares geotechnical engineering reports for single-family homes, commercial and industrial buildings, retaining walls, high-rise buildings with multiple below-grade levels, and residential land develop-ments. R. Drew Thomas, CPG, has joined ECS Mid-Atlantic, LLC (ECS) as a Senior Engi-neering Geologist. With more than 18 years of experience in geotechnical, environmen-tal, engineering geology and groundwater resource investi-gations, Thomas is a certifi ed Professional Geologist in the Commonwealth of Virginia and holds a Bachelor of Science degree in Geology from Radford University. He was previously a founding principal of a geotech-nical consulting fi rm he led for more than 12 years. Beyond his traditional geotechnical exper-tise, Thomas has a wealth of experience in the planning and execution of geophysical testing and the interpretation of geo-physical data, using geophysi-cal methods to detect subsur-face karst features, determine depth to bedrock, and locate water bearing fracture zones. He has worked with clients in the industrial, commercial and transportation sectors, as well as with local municipalities, state and federal government entities and agencies. Jeffrey (Jeff) A. McGregor, P.E., has been promoted to Branch Manager for the Fred-

VIENNA, VA — One of the DC area’s top, integrated commercial real estate com-panies re-cently added a new face to its team of profession-als, a move that further e n h a n c e s the compa-ny’s position in the local retail real estate community. Billy Orlove, a 13-year veteran of the indus-try, joined Rosenthal Prop-erties during the fourth quarter of 2011 as vice presi-dent of leasing. He most recently served in the same capacity at JBG Rosenfeld Retail in Chevy Chase. “We are so pleased to have Billy on our team,” said Rosenthal Properties’ Senior Vice President Maury De-Freitas. “As we continue to develop our retail portfolio and tenant representation practice, we need a sea-soned leasing professional like him to be networking with tenants, brokers, and other leasing agents to add value for our holdings. His background, contacts, and years of experience in the Washington retail real estate

community will serve us well for many years to come.” In addition to Rosenthal Proper-ties’ existing properties and clients, Orlove will continue his work with a number of third-party clients including Tishman Speyer, Republic Properties, Principal Global Investors, Woodfi eld Invest-ments, Piedmont Real Es-tate, and Brookfi eld, as well as his tenant representa-tion clients SunTrust Bank, Virginia ABC, Sherwin Wil-liams, Crunch Fitness, and Bang Bang Mongolian Grill, among others. A native of the metro area, Orlove earned his bachelor’s degree from the University of Pennsylvania, his J.D. from the Washington College of Law at American University, and a Masters of Law in Tax-ation from Georgetown Uni-versity. Prior to his six-year tenure at JBG Rosenfeld, he was a broker with Balti-more/Washington area-based H&R Retail and, at the start of his career, practiced real estate law in Montgomery County, MD, for three years. Orlove is an active member of the International Council of Shopping Centers (ICSC) and the DC Building Indus-try Association (DCBIA). n

Billy Orlove

erick, Maryland office. With more than 11 years of geotech-nical engineering and project management experience, he is responsible for managing office operations, marketing, providing support to the soils laboratory and construction materials testing departments, developing fi eld investigation programs, in-situ testing, engi-neering analysis, and preparing reports to provide geotechnical design information. McGregor is a professional engineer in Maryland and Virginia, and is a member of the American Society of Civil Engineers, the Society of American Military Engineers and the Maryland Society of Professional Engineers. Mc-Gregor holds a Bachelor of Sci-ence and a Master of Science in Civil Engineering from Virginia Polytechnic Institute and State University (Virginia Tech). Salvatore (Sal) Fiorentino, P.E., continues in his full-time role as the Mid-Atlantic North Regional Manager for ECS Mid-Atlantic, LLC. He is responsible for operations and client man-agement for all ECS North Re-gion offi ces, which includes the York, Pennsylvania, Aberdeen, Baltimore, Frederick, Ocean City and Waldorf, Maryland branch offi ce locations. Christopher Kercsmar, P.E., has joined ECS Mid-Atlantic, LLC (ECS) as a Senior Project Manager. A native of Easton, Pennsylvania, Kercsmar has a Bachelor of Science in Civil Engineering from Lehigh Uni-versity in Bethlehem, Pennsyl-vania. He holds Professional Engineer (P.E.) licenses in Vir-ginia, Maryland, Washington, D.C., Pennsylvania, Georgia and Texas, and is a LEED® Ac-credited Professional. Prior to his employment with ECS, Kercsmar owned his own fi rm, cK Structural, PLC, which provided specialty structural engineering services to the precast /prestressed concrete industry. He has more than 16 years of experience in new project design, investigations, and repair/renovation design. Kerscmar holds memberships in the Precast/Prestressed Con-crete Institute, the American Concrete Institute, the Interna-tional Concrete Repair Institute, WACEL, and the International Facility Management Associa-tion. Jerry S. (Steve) Donahue, P.E., has joined the Fredericks-burg, Virginia branch offi ce of ECS Mid-Atlantic, LLC as a Project Engineer. He has more

than six years of experience in geotechnical engineering and construction materials test-ing projects. His responsibili-ties include working with the construction materials testing team managing materials test-ing projects and working as a project engineer on geotechnical engineering projects. Donahue holds a Bachelor of Science De-gree in Civil Engineering from the University of Delaware. A native of Lewes, Delaware, Donahue previously worked for an engineering consulting firm in that region. He was responsible for engineering de-sign involving residential, com-mercial and industrial projects throughout the state. Donahue is excited about the opportunities available in Fred-ericksburg to build on his pro-fessional experience, especially as it relates to geotechnical engineering. He holds a Profes-sional Engineer (P.E.) license in the State of Delaware and is in the process of obtaining his P.E. in the Commonwealth of Virginia. Adam M. Meurer, PWS, LEED AP, has been promoted to the position of Environmen-tal Department Manager in the Richmond, Virginia branch office of ECS Mid-Atlantic, LLC. His new duties include project management, techni-cal quality assurance/ quality control, business development and client relations, as well as employee mentoring and training. Meurer’s areas of expertise include petroleum, brownfi elds and voluntary remediation proj-ects, wetland permitting and mitigation, stream restoration, landfi ll assessment and correc-tive actions, fate and transport contaminant modeling, and erosion and sediment control projects in a variety of market sectors. He holds a Bachelor of Science degree in Environ-mental Science from Allegheny College and a Master of Sci-ence degree in Environmental Science from the University of Virginia. He is a certified Professional Wetland Scientist, a Leadership in Energy and Environmental Design LEED® Accredited Professional, and a Certifi ed Arborist. ECS, a consulting fi rm special-izing in geotechnical engineer-ing, environmental consulting, construction materials testing and facilities engineering, is ranked 109th in Engineering News-Record’s 2011 listing of Top 500 Design Firms. ■

13-year veteran of the industry

Orlove joins Rosenthal, vice president of leasing

Specializing in geotechnical engineering & consulting

ECS Mid-Atlantic promotes & hires 8 new team membersC

Jersey Mike’s Subs host a fi ve day fundraiser


Eric Stankiewicz

PARAMUS, NJ — Chuck Lan-yard, President of The Gold-stein Group, New Jersey’s leading com-mercial real estate bro-kerage firm, announced that Nicho-las Spadav-ecchia has joined the Company as its new Di-rector of Marketing. With over 18 years of marketing experi-ence, Spadavecchia will oversee all marketing, communications and property marketing ser-vices on behalf of the fi rm.

“We are pleased to welcome Nick as part of the on-going enhancement of our marketing

efforts. With our continued success on exclusively serving the retail market, we are grow-ing our sales force and elevat-ing our marketing in order to better serve our clients. We have increased our focus in retail leasing and sales to now include sales of multi-tenant retail, residential, office and industrial properties as well as mixed-used, free standing retail properties and develop-ment sites,” stated Chuck Lan-yard, President. “Nick brings a strong and deep background in branding and property mar-keting to The Goldstein Group. We are particularly proud of the very talented team of pro-fessionals assembled and the unique ‘client focused’ culture of The Goldstein Group and look

forward to the contributions Nick will bring to our clients and our fi rm.”

Nicholas Spadavecchia, Di-rector of Marketing, has over 18 years of marketing and communications experience in the commercial real estate and building products industries. Prior to joining the Company, he served as a senior vice president and director of marketing - New York Tri-State Region for Jones Lang LaSalle. Spadavecchia has significant experience in marketing, communications, property marketing, social me-dia and e-marketing. He will lead the Company’s market-ing efforts in growing its base of retail tenant and landlord clients in New Jersey and na-tionally. ■

Spadavecchia joins The Goldstein Group as new director of marketing

YORK, PA – ROCK Com-mercial Real Estate named Eric M. Stankiewicz as P r o p e r t y M a n a g e -m e n t C o -ord inator. E r i c h a s been active in property m a n a g e -ment for the past eleven years, most recently holding

P

the position of Property Man-ager for Select Property and Association Management. He has a strong background in commercial and residen-tial properties, home owner associations, and earned a Bachelor of Science degree in Business Administration and Marketing from The Penn-sylvania State University. He is a member of the Real Estate Association of York and Adams Counties. ■

Stankiewicz of ROCK earns mgmt. position

HILADELPHIA, PA — Marcus & Millic-hap Real Estate In-

vestment Services , the nation’s l a r g e s t real estate i n v e s t -ment ser-vices firm, has named T h o m a s Gorman as sales manager of the Phila-delphia offi ce, according to Spencer I. Yablon, vice presi-dent and regional manager

of the offi ce. “Thomas has extensive experience in commercial real estate as an investment specialist,” says Yablon. “He will be an asset to our broker-age team and instrumental in expanding our national market-making capabilities to clients throughout the Northeast.” Prior to being asked to join the fi rm’s management team, Gorman was promoted to associate vice president in-vestments in recognition of his accomplishments as an agent. His previous title was

senior associate. Gorman began his career with Marcus & Millichap in the Philadelphia offi ce in No-vember 2003. As an agent, he specialized in retail and net-leased investments and was an associate director of the firm’s National Retail Group and Net Leased Prop-erties Group. Prior to joining Marcus & Millichap, Gorman worked with Fortune 500 compa-nies at Deloitte Consulting.He graduated from Loyola University Maryland with a degree in philosophy. ■

Thomas Gorman

At Marcus & Milichap RE Investment Services

Gorman named sales mgr. of the Philadelphia offi ce

NORTH PLAINFIELD, NJ — Michael Cohen has joined Levin Management Cor-poration as vice president of leasing, announced Matthew K. Harding, president and chief operating officer. He will oversee all leasing activi-ties, provide leadership, and interact with all members of the leasing team for the com-pany. A leading retail real estate services fi rm, Levin offers leasing, management and many other services to clients throughout the north-eastern United States. Cohen joins Levin Manage-ment from DLC Manage-ment Corp., where he was executive vice president and director of leasing. Known as an accomplished deal maker and manager, he directed the leasing efforts for the entire company portfolio. Cohen successfully repositioned numerous company assets during his 17 year tenure with that organization. “Michael’s experience man-aging a major leasing depart-ment, and the many long-term relationships he has with top retailers regionally and nationally, make him a perfect complement to our fi rm as we continue to grow,” said Harding.

“He will be instrumental in the strategic growth of our or-ganization,” Harding added. “His experience outside of the Northeast and Mid-Atlantic regions will provide Levin with further opportunities to bring new retailers to our market areas.” Levin’s portfolio includes more than 90 diverse retail properties totaling 12.5 mil-lion s/f. Properties range from downtown stores to lifestyle centers, and from neighbor-hood and community centers to power centers in New Jer-sey, New York, Pennsylvania, Virginia, North Carolina and Florida. “Having toured Levin’s portfolio, I have been deeply impressed by the quality of those assets,” said Cohen. “Also, the company does a great job of maintaining re-tailer relationships, which is very important, and in keeping with their hands-on management style. “In addition, I have met with members of the executive and leasing teams and have been very impressed by their com-mitment and longevity with the company, which is an im-portant factor in Levin’s suc-cess and continued growth,” Cohen said. ■

Retail real estate veteran

Cohen joins Levin Mgmt. as VP of leasing

Michael Cohen and Matthew K. Harding

ALLENTOWN, PA — NAI Summit employees recently held a “Jeans Day for a Cause” fundraiser in which employees gave money to wear jeans for the day. The money was then donated to The Volunteer Center of the Lehigh Valley’s

Holiday Hope Chest Project.Holiday Hope Chests is a

national project adopted by the Volunteer Center of the Lehigh Valley and other local businesses to help less fortu-nate children living in the Le-high Valley. Collected Chests

(shoe boxes) will be distributed throughout the holiday season in the Lehigh Valley through agencies serving children.

NAI Summit holds Jeans Day once a month and donates the monies raised to various causes and charities. ■

NAI SUMMIT donates to Volunteer Center of Hope Chest

PEOPLE ON THE MOVE

Nick Spadavecchia

PARISPANY, NJ — Golub & Isabel Attorneys at Law are pleased to announce that Daniele Cervino has joined the fi rm as Partner. Cervino joins the firm EWMA and was previously a partner at Cole Schotz. Her practice focuses on Regulatory and Transactional Environmen-tal law.

Eric Tomaszewski , formely an associate with the fi rm has been promoted to Partner. Tomaszewski will continue to focus his practice on Environmental and Insur-

ance Litigation.Kristin Makar has be-

come associated with the fi rm. Makar graduated cum

laude from Seton Hall Law School, where she served as Symposium Editor for the Seton Hall Law Review. ■

Golub & Isabel Attorneys at Law company announcements

Daniele Cervino Eric Tomaszewski Kristin Makar


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Azarian Realty Co.The Azarian Building • 6 Prospect St.Suite 1B • Midland Park, NJ 07432 F: 201-444-9888 F: [email protected] M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

Azarian Realty Co.The Azarian Building • 6 Prospect St.Suite 1B • Midland Park, NJ 07432 F: 201-444-9888 F: [email protected] M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

Calkain Companies, Inc. 11150 Sunset Hills Rd. • Suite 300Reston, VA 20190P: 703-787-.4714 F: 703-787-4783Jeff Bogart • Gerald E. Burg • Jonathan W. HippAndrew M. Fallon • W. Douglas WrightRick Fernandez

4600 West Cypress St. • Suite 110Tampa, FL 33607P: 813-282-6000 F: 813.282-6098David Sobelman • Teal M. HendersonGuenter Manczur, CCIM • Patrick R. Nutt

1521 Concord Pike (US 202) • Suite 301 Wilmington, DE 19803P: 302-235-3017 F.: 775-667-2874Bob Browning • Andrew M. Fallon

Calkain Asset Management200 Wheeler Rd. • 2nd Floor • Burlington, MA 01803P: 781-694-0410 F: 781-694-0415Richard T. Murphy

Calkain Realty Advisors11150 Sunset Hills Rd. • Suite 300 • Reston, VA 20190P: 703-787-4714 F: 703-787-4783 Betty Learned Friant • Brian O’Hear

Capital Retail Group1401 14th St. NW • 3rd Floor • Washington, DC 20005P: 202-319-2884www.capitalretailgroup.comRobert E. Tack • Michelle Tack

Capital Retail Group is founded on the belief in doing a few things very well. It’s straight forward. We know commercial real estate leasing, sales and property management. We know our business.

Coldwell Banker CommercialBennett Williams Inc.110 N. George Street • 4th Floor York, PA 17401P: 717-843-5555 F: [email protected] Behler Jr. • Bobby Traynham Dennis Neiman • Chad StineChris Seitz • Bradley Rohrbaugh • David Schad

Coldwell Banker Commercial Pennco Real Estate1250 North 9th Street • Stroudsburg, PA 18360P: 570-476-7711 F: 570-476-6130email: [email protected] Bilianis, CCIM • James FondiTeresa Mickens, CCIM • Susan Mikels Northeast Pennsylvania Experts

Colliers International – Philadelphia, PA (HQ)399 Market St. Ste. 350Philadelphia, PA 19106P: 215-925-4600 F: 215-925-1040www.colliers.com/philadelphiaMichael Barmash • Despina BelsemesDavid Dunkelman • Michael KahanTodd Sussman

Colliers International – Conshohocken, PA161 Washington St., Ste. 825Conshohocken, PA 19428P: 610-684-1850 F: 610-684-1857Damon DiPlacido

Colliers International – Allentown, PA7535 Windsor Dr., Ste. 208Allentown, PA 18195P: 610-770-3600 F: 610-770-3100Derek Zerfass

Colliers International – Harrisburg, PA300 N. Second St., Ste. 1203Harrisburg, PA 17101P: 717-730-3752 F: 717-238-3299William Aiello • George Lulos

Colliers International – Mount Laurel, NJ1317 Route 73, Ste. 109Mt. Laurel, NJ 08054P: 856-234-9300 F: 856-222-1115David Dunkelman

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Dietrick Group, LLC5100 W. Tilghman St. • Suite 320 • Allentown, PA 18104P: 610-391-8888 F: 610-391-8830www.dietrickgroup.comKelly L. Berfi eldkberfi [email protected] C. Dietrick [email protected] H. [email protected] G. Vasta, [email protected] Estate Sales, Appraisal & Property Management

Equity Retail Brokers101 West Elm St. • Ste. 370 •Conshohocken, PA 19428P: 610-645-7700 F: [email protected] Conston • Lee Cooper • Bart Delfi nerEd Ginn • Kathy Haines • Conrad HeckmannKen McEvoy • Rob Samtmann • Rose UrbanBrian Wherty • Rich Zeller • Gregory Jones Chris Lee • David Goodman

Fameco - Woodbridge, NJWoodbridge Towers • 555 U. S. Hwy 1Iselin, NJ 08830P: 732-526-9000 F: 732-526-9101www.famecoretail.comTyler Bennett • Carlo CaparruvaMike Horne Scott Jennerich • Dan SpectorSteven Winters

Fameco - Philadelphia, PA 1425 Walnut Street, Suite 200Philadelphia, PA 19102P: 215.557.0050 F: 215.557-0053www.famecoretail.comJackie Balin • Paige BarrowMichael Gray • Eva Redette

Fameco - Plymouth Meeting, PA633 West Germantown Pike • Suite 200Plymouth Meeting, PA 19462P: 610-834-8000 F: 610-834-1793www.famecoretail.comCathy Agnew • Brian Bruzek • Jeff CohenJim Creed • Scott Dennis • Brandon FamousJohn Fasciano • Dana Hawkins Jerry Johnson • Jon KiesermanAdam Kohler • John Krause • Jon KushnerGary Leone • Marc Mandel • Matt MandelJay Miller • Steve O’Malley • David OrkinDale Peterson • Rick SchuchJulie Tanpitukpongse • Dave VitaliRick Weinberg • Marissa VisconsiFred Younkin

RETAIL BROKERAGE DIRECTORY

Azarian Realty Co.The Azarian Building • 6 Prospect St.Suite 1B • Midland Park, NJ 07432 P: 201-444-9888 F: [email protected] M. Azarian • Donna M. Azarian • Kevin Pelio Nicole Critelli • Matt Scozzari

William Barglow • Matthew Behr Timothy Behr • Joanne Berardi Harvey Levine • Nicole SnyderJennifer Yacovelli

Barglow Companies878 Georges RoadMonmouth Junction, NJ 08852www.barglowcompanies.com P:732-297-8700 F:[email protected]

Fameco - Woodbridge, NJWoodbridge Towers • 555 U. S. Hwy 1Iselin, NJ 08830P: 732-526-9000 F: 732-526-9101www.famecoretail.comTyler Bennett • Carlo CaparruvaMike Horne • Anthony PalmiottoKim Kretowicz • Scott Jennerich Dan Spector • Steven Winters

Fameco - Philadelphia, PA 1425 Walnut Street, Suite 200Philadelphia, PA 19102P: 215.557.0050 F: 215.557-0053www.famecoretail.comJackie Balin • Paige BarrowMichael Gray • Eva RedetteLarry Steinberg

Fameco - Plymouth Meeting, PA633 West Germantown Pike • Suite 200Plymouth Meeting, PA 19462P: 610-834-8000 F: 610-834-1793www.famecoretail.comCathy Agnew • Brian Bruzek • Jeff CohenJim Creed • Scott Dennis • Brandon FamousJohn Fasciano • Dana Hawkins Jerry Johnson • Jon KiesermanAdam Kohler • John Krause • Jon KushnerGary Leone • Marc Mandel • Matt MandelJay Miller • Steve O’Malley • David OrkinDale Peterson • Rick SchuchJulie Tanpitukpongse • Dave VitaliRick Weinberg •Fred YounkinColin Behr • Daniel Sonnentag

www.MAREjournal.com Mid Atlantic Real Estate Journal — Shopping Centers — January 27 - February 9, 2012 — Inside Back Cover B

Michael J. FasanoVice President and Regional Manager

611 River Dr. • 4th Floor • Elmwood Park, NJ 07407P: 201-582-1000 F: 201-582-1010

www.marcusmillichap.com

Urszula Zoltek, David E. Thurston,Michael Lombardi, Greg Babaian, David Cafi ero

Spencer YablonVice President and Regional Manager

101 West Elm Street • Suite 600 • Conshohocken, PA 19428P: 215-531-7000F:215-531-7010

www.marcusmilllichap.com

Derrick Dougherty, Matt Gorman, Andy Kaplin, Jordan Muchnick, Chris Munley,

Brad Nathanson, Michael Shover, Mark Taylor, Dean Zang

Metro Commercial – Mt. Laurel, NJ303 Fellowship Rd • Suite 202 • Mt. Laurel, NJ 08054P: 856-866-1900 F: 856-866-1611Brandon Anapol • Brent Barbehenn • Dan BricknerRob Cooper • Mark Gerlach • Perry GraBoisTom Londres • Lauren McDermott • Pete NicholsonKurt Rumley • Paul Rumley • George Wisnoski Metro Commercial - Conshohocken, PAEight Tower Bridge • 161 Washington St. • Suite 375Conshohocken, PA 19428P: 610-825-5222 F: 610-825-5156Phil Azarik • Joe Dougherty • Donna Drew •Steve Gartner • Brian Goodwin • Randy HopeGlenn Marvin • Mike Murray • Steve NiggemanRoy Perez-Daple • Aaron Repucci Metro Commercial - Center City123 S. Broad St. • Suite 1835Philadelphia, PA 19109Michael Gorman • Steve Gartner

Kay Realty Services, LLC1989 Jumping Brook Rd.Tinton Falls, NJ 07753P:732-918-1148 F:732-918-1628www.kayrealtyholdings.comWilliam Klein, Broker • DeveloperProperty Management • Leasing

Levin ManagementP. O. Box 326 • Plainfi eld, NJ 07061P: 800-755-7194 F: 908-755-7194www.levinmgt.comDale Mulartrick • Jake Frantzman • Barry GreenbergPina Hoel • Stan Bernstein • Dennis Larrison

Joe R. Deerin, CSM • Donna Deerin Ward120 North Pointe Blvd., Suite 301, Lancaster, PA 17601

P: 717-569-9373 T: 800-864-2633www.LMS-PMA.com

Dave Nicholson, Blaze Cambruzzi,Michael Boden, SCSM, Chad Ward, Blake Gross, Joe Spagnola, CCIM

Ted Hummel, CCIM, e-pro, Wilay Boensch

David S. FeldmanRegional Manager – Washington DC Offi ce

Special Assets Services – Regional Director7200 Wisconsin Ave. • Ste. 1101 • Bethesda, MD 20814

P: 202-536-3700 F: 202-536-3710www.marcusmillichap.com

Danny Brooker, Josh Feldman, Brandon Jenkins, Kirk Knight, Ed Laycox, Nathan Pealer, Rudolph Rueda, Peter Snell

NAI Keystone Commercial & Industrial, LLCExeter Ridge Corporate Center •3970 Perkiomen Ave. • Ste. 200• Reading, PA 19606P: 610-779-1400 F: 610-779-1985John Buccinno • Bryan Cole • Steve Willems

Remco Realty Group525 MIlltown Rd. • Ste. 101 • North Brunswick, NJ 08902P: 732-253-0888 F: 732-253-0887www.remcorealty.netPeter Gallicchio, Owner/PresidentNicole Zeller - Christopher Virgo - Brian HellerJoseph Marino – Mark DiGiovanni

R. J. Brunelli & Co.400 Perrine Rd. • Suite 405 • Old Bridge • NJ 08857P: 732-721-5800 F: 732-721-9241www.njretailrealty.comRichard J. Brunelli • William A. Lenaz Carl J. Minue • Martin Yaged • John LenazRon DeLuca • Edward AbaidDanielle Brunelli-Albrecht • Michael MurphyAssunta Spedaliere

Rock Commercial Real Estate LLC221 W. Philadelphia • St. Suite 19 • York, PA 17401www.rockrealestate.netRyan Myers, CCIM, • Larry O’Brien, CCIMBenjamin Chiaro, CCIM • Cami Spiridonoff, CPM David Bode, CCIM, SIOR • Dave Keech, CCIM, SIOR Jason Turnbull, CCIM • Kevin Hodge, CCIMMichael Katz, CCIM • Russ Bardolf, CCIMTed Turnbull, CCIM

RETAIL BROKERAGE DIRECTORY

Check here if you’d like a special listing (includes logo and border)

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Elaine Fanning Mid Atlantic Real Estate Journal | 1-800-584-1062 | fax: 781-871-5299 | e-mail: [email protected]

If you would like to appear in the Retail Directory,

please fi ll out coupon and fax

Ph: 800-584-1062 x 212 Fax: [email protected]

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REAL ESTATE JOURNALNJ-PA-DE-MD-VA The Most Comprehensive Source

For Commercial Real Estate News

Elaine Fanning, Publisher

James Balliet, Robert Thompson, Melanie StockerDr. Rex D’Agostino, Cheyenne Reiman

Pete Ambrosino, Heather LynneChristopher Milotich

KW Commercial-The James Balliet Commercial Group

40 S. Cedar Crest Blvd.Allentown, PA 18104

P:610-435-4711F:610-435-2800

www.lehighvalleycommercial.com

David S. FeldmanRegional Manager – Washington DC Offi ce

Special Assets Services – Regional Director7200 Wisconsin Ave. • Ste. 1101

Bethesda, MD 20814P: 202-536-3700 F: 202-536-3710

www.marcusmillichap.comDanny Brooker, Josh Feldman, Brandon Jenkins, Kirk Knight, Ed Laycox, Nathan Pealer, Rudolph

Rueda, Peter Snell

Michael J. FasanoVice President and Regional Manager

611 River Dr. • 4th Floor • Elmwood Park, NJ 07407P: 201-582-1000 F: 201-582-1010

www.marcusmillichap.comUrszula Zoltek, David E. Thurston,

Michael Lombardi, Greg Babaian, David Cafi ero

Spencer YablonVice President and Regional Manager

101 West Elm Street • Suite 600 • Conshohocken, PA 19428

P: 215-531-7000F:215-531-7010

www.marcusmilllichap.comDerrick Dougherty, Matt Gorman,

Andy Kaplin, Jordan Muchnick, Chris Munley,Brad Nathanson, Michael Shover,

Mark Taylor, Dean Zang

Madison Marquette1717 Arch St. • Suite 3930

Philadelphia, PA 19103

Joseph D. MorrisP: 215-399-4186

John-david W. Franklin SCLSP: 215-399-5606

B Back Cover — January 27 - February 9, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal www.MAREjournal.com

UNDER NEW MANAGEMENT

• Major Tenants: Super A&P, Rite Aid, Tri-Plex Theaters, Subway, United States Post Office• Located in the heart of Bergen County, New Jersey with convenient access to Route 17 and the

Garden State Parkway with a traffic count of nearly 22,000 cars per day.

•Newly Renovated

•Only shopping/retail destination in town•Median income $84,000

Aggressive Leasing Program Underway!

Washington Town Center273 Pascack Road, Washington Township, NJ

Rochelle Park Shopping Center, Rochelle Park, NJ 1,099 s.f. availableMountain Plaza, Rockaway, NJ 1,229-4,500 s.f. availableFieldstone Park Shopping Center, Ringwood, NJ 1,250-10,000 s.f. availableHyde Park Mall, Hyde Park, NY 3,000–33,000 s.f. available

Milton Shopping Center, Oak Ridge, NJ 2,500 s.f. availablePine Brook Plaza, Pine Brook, NJAllendale Town Center, Allendale, NJ 1,700–2,008 s.f. available

Raritan Center, Sayreville, NJ 2,500–13,650 s.f. availableMontvale Shopping Center, Montvale, NJTown Plaza II, Orangeburg, NY 900–5,200 s.f. availablePlaza K Shopping Center, Woodbridge, NJ 5,560-7,802 s.f. available(will subdivide)Lenox Plaza, Woodland Park, NJ 1,700–4,000 s.f. availableThe Azarian Building, Midland Park, NJFair Lawn Medical/Professional Building, Fair Lawn, NJ 1,200-5,300 s.f. availableNeptune Plaza Shopping Center, Neptune, NJ 1,390 s.f. availableNew: Hamilton Square Shopping Center, Waldwick, NJ 2,000–5,040 s.f. available

900 s.f. available

Scan with your smart phone

The Azarian Group, L.L.C.

The Azarian Building

6 Prospect Street, Suite 1B, Midland Park, NJ 07432

www.azariangroup.com

Phone: 201-444-7111 | Fax: 201-444-6655 | Email: [email protected]

Azarian Realty Co.

Washington Town Center, Washington, NJ 617-6,981 s.f. availableNew:

Contact us to make a deal!

1-27-2012 shopping center

Documents

nai summit property

sf of retail space

sf retail space

mission section b

comnai commercial partners

sf of commercial retail

star banknai summit

mission road