The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Rubenstein Partners, L.P.
Date
August 23, 2016
Investor Group Sees Its Future in the Burbs
by Peter Grant
summary
The Wall Street Journal reports on Rubenstein Partners L.P. and Strategic Capital Partners’ acquisition of Parkwood Crossing, an eight-building, 1.2 million-square-foot office campus in the Indianapolis submarket of Carmel. It was developed in the late 1980’s by seller Duke Realty Corporation. JLL brokered the transaction and will serve as exclusive leasing agent for the property. The JV plans to construct a standalone amenity center for tenants, which includes a dining, fitness and conference facility.
Client
Avison Young
Date
August 23, 2016
In demand: Companies need to be creative while searching for space in Morristown
by Joshua Burd
summary
Although Morristown, NJ has become a magnet for new residential development and a destination for retail and restaurants, it has a glaring lack of Class A office space in its downtown area. Jeffrey Heller, a principal at Avison Young and managing director in its Morristown office, notes that the area’s office product is older, but it leases. If someone were to build a first-generation building, it would have a ton of appeal.
Client
Kalmon Dolgin Affiliates
Date
August 23, 2016
Recent Commercial Real Estate Transactions
by Rosalie Radomsky
summary
Kalmon Dolgin Affiliates arranged a 3,300 SF relocation lease for Brooklyn Spirits L.L.C., a maker and distributor of Brooklyn Republic Vodka, at 1829 Pacific Street in Brooklyn. The company moved to the new space after its former Clinton Hill space was sold and started renovations. Grant Dolgin and Jeffrey Unger of KDA represented the landlord, Atlantic Properties II L.L.C and the tenant.
Client
CBRE Long Island
Date
August 22, 2016
Flushing Bank branch and a big lot on Northern Boulevard sold for big bucks
by Suzanne Monteverdi
summary
The site of a Flushing Bank branch and its parking lot has been sold for $36M. A team from CBRE’s Long Island office arranged the transaction for the nearly 39,000 SF property, which has the potential for a 90,000 SF mixed-use redevelopment. The sale is one of the highest per-square-foot purchases paid thus far in 2016 for a Queens development.
Client
CBRE Fairfield/Westchester
Date
August 18, 2016
Texas firm buys Maple Tree Place
by Jess Wisloski
summary
A team from CBRE’s Stamford, CT office brokered the $90M sale of Maple Tree Place, a 500,000 SF retail hub in Williston, VT, to Dallas, TX-based Cypress Equities. The property, the only in Vermont with a Best Buy or Christmas Tree Shops will be Cypress Equities first asset in the state.
Client
CBRE Fairfield/Westchester
Date
August 17, 2016
Selling Points
summary
Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller in the sale of Mid Hudson Center, a 235,599 SF power center on Route 9 in Poughkeepsie, NY, for $27.5 million.The team also procured the buyer, TFS Investment Group.
Client
Newmark Holdings
Date
August 17, 2016
Inheriting a Great Real Estate Empire is More Complicated Than it Looks
by Lauren Elkies Schram
summary
The Commercial Observer takes a look at great New York real estate families and the roles that the younger generations play in the future of the business. The Gural family of Newmark Holdings, which was founded by Jeffry Gural, is profiled alongside the families of Rockrose Development, Fisher Brothers, and Rudin Management. Jeff’s son Eric Gural and Eric’s cousin Brian Steinwurtzel explain their start in the business and how Eric’s 18-year-old son Ethan is now working at the building for the summer.
Client
Avison Young
Date
August 15, 2016
Movers and Shakers
summary
Long Island Business News features two new hires at Avison Young in its “Movers and Shakers” column. Reid Berch joins as principal and Joseph Lagano as senior director. Both were previously with Jones Lang LaSalle in Melville
Client
Simone Development Companies
Date
August 15, 2016
Simone pays $6.5M for Port Chester industrial flex building
by John Golden
summary
Simone Development Companies has purchased 21 Grace Church Street for $6.5 million, a fully occupied, 65,000 SF industrial flex building in Port Chester. Simone acquired the property from Grace 21 Associates in an off-market deal. Tenants include Empire Coffee Co, AlbumX Corp. and Port Chester Market Corp.