Middle Market Digest: The Northeast

Deal Tracker

NEW YORK, NY—CBRE represented Logicworks in a 15,466-square-foot lease renewal on the entire fifth floor at 155 Avenue of the Americas. CBRE’s Jared Freede and Eric Deutsch represented Logicworks, a provider of cloud automation and managed IT services.

MAHOPAC, NY—Heidenberg Properties Group received final site plan approval from the Town of Carmel for the renovation and expansion of the Lake Plaza Shopping Center. Central to the redevelopment is the construction of a new 54,000 square foot Stop & Shop. Heidenberg Properties will demolish the existing 24,000 square foot Key Food supermarket and the 7,800 square-foot CVS Pharmacy. The new building footprint will expand Lake Plaza Shopping Center from 141,000 to nearly 165,000 square feet.

EASTON, PA – WCRE represented 50 Hilton Street in its recent acquisition of 50 Hilton Street in Easton, PA. The property is a fully leased 119,500 square foot multi-tenanted industrial/flex building situated on approximately 5.24 acres.

PLEASANTVILLE, NJ—Colliers International is marketing a combined 32,000-square-foot auto sales/services facility owned and occupied by Mercedes-Benz of Atlantic City. The site is fully operational but will be vacated by the second quarter of 2017, when Mercedes’ new facility is expected to be finished. Situated on eight acres at 7018 Black Horse Pike, Pleasantville, NJ, the property has significant frontage and exposure on the Black Horse Pike. Richard Weitzman and Tony DiDio of Colliers are the brokers.

Notables

RUTHERFORD, NJ—Newmark Grubb Knight Frank has added a leading New Jersey project management team from Tobiasz Management including Brian Tobiasz, Bethany Russo and Deborah Lynch to its Rutherford, NJ, office. Formerly based in Basking Ridge, NJ, Tobiasz Management established a reputation of excellence as a local project management and construction service provider specializing in commercial, industrial and retail construction projects.

HACKENSACK, NJ—Alfred Sanzari Enterprises is again holding its annual “Operation Holiday” gift and toy drive with Eva’s Village, a non-profit social service organization and one of the largest anti-poverty programs in New Jersey. Donations are being accepted through December 19 at four Bergen County locations: Alfred Sanzari Enterprises’ corporate offices at Court Plaza North (25 Main Street, Suite 600, Hackensack); the lobby of Heights Plaza (777 Terrace Ave., Hasbrouck Heights); the lobby of Elmwood Park Plaza (475 Market Street, Elmwood Park) and the lobby of The Ivanhoe (130 Overlook Ave., Hackensack). All four properties are owned and managed by Alfred Sanzari Enterprises.

PARSIPPANY and PRINCETON, NJ—Colliers International added four new associates in Parsippany and Princeton. Stephen Graziano, based in Parsippany, specializes in office tenant and landlord representation; Brett Incollingo and Patrick Norris, based in Princeton, focus on office tenant and landlord office representation; and Troy Skibitsky specializes in industrial tenant and landlord representation from the Princeton office.

NEW YORK, NY—Bill Bouchey has joined HOK as a principal and director of design for interiors in New York. Bouchey brings 28 years of experience in the design and development of large-scale interiors projects to HOK’s clients.

HOBOKEN, NJ—Fields Construction Company received the Hoboken Chamber of Commerce’s prestigious “Developer/Builder of the Year” award. Bestowed during the Chamber’s fifth annual Business Awards dinner, the award recognizes Fields for its achievements in the Hobken community.  Fields, which is headquartered on Henderson Street in Hoboken, has a long history of contributing to the enhancement of the Hudson County city. Since entering the market in 1999, the company has built more than 1,500 apartments throughout Hoboken. Most recently, Fields completed construction at The Jordan, a luxury apartment building at 1200 Clinton Street.