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“The building of a female-led service line of this caliber is a first in the Philadelphia Region for any commercial real estate firm,” says Naveen Jaggi, president of Retail Advisory Services and Capital Markets at JLL.
The South Jersey property is the second of three in the Jefferson Apartment Group pipeline, says Drew Chapman, senior vice president and development partner at Jefferson Apartment Group.
“Cranberry Plaza offered investors solid double-digit cash-on-cash returns with upside potential in a stable market with very minimal downside risk,” says Marcus & Millichap's Michael Cebula.
Boyd's proactive approach ensures projects ranging from office buildings to research laboratories to bio-fuel manufacturing facilities stay on track, Cushman & Wakefield says.
Scott Martin's experience in the health care real estate niche will add depth to Avison Young's office leasing team and strengthen its multi-faceted service-line approach for clients, says the firm's David Fahey.
With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.