JACKSON CROSS NAMED EXCLUSIVE LEASING AGENT FOR LINCOLN SQUARE
Wilmington, DE - August 25, 2009 - Jackson Cross Partners, LLC today announced they have been named exclusive leasing agent for Lincoln Square, a 50,431 square foot retail and office redevelopment in the LOMA Design District of Wilmington, DE (www.lomadesigndistrict.org/). Lincoln Square was revitalized and is owned by Market Preservation Associates, LLC of Delaware and managed by their affiliate Wind River Group, LLC.
“We are honored to have been chosen to lease this exciting renovation,” said Pete Davisson of Jackson Cross Partners. “The property, which was the site of the former Lippincott & Co department store in the early 20th century, consists of 10 three and four story buildings. All of the work done on the buildings adheres to the Secretary of the Interior Standards for Rehabilitation. The complex is located in the 300 block of North Market Street and includes 15,120 square feet of street level retail space and 35,311 square feet of office space on the upper floors.”
“The buildings have been lovingly renovated and modernized to take full advantage of the high ceilings and other amenities typically found in historic buildings,” said Cindy Fleming of Jackson Cross Partners. “There are two entrances to the office space, which is served by new elevators. The care taken in the renovation is evident at every turn”. In May the project won a Preservation Alliance for Greater Philadelphia 2009 Grand Jury Award. The award honored the Owner, Developer and all of the contractors for their work on the project.
“We will be offering street level retail space in units from 532 to 5,731 square feet,” said Fleming. Steps have been taken to retain as much of the original design of these 10 individual buildings, as well as the construction materials themselves, while keeping them functional and accessible, both exterior and interior, and conforming to ADA standards. The variety of fronts from Victorian to Contemporary reflect the evolution of Market Street.
“The lower market street area is the home of a wide variety of design-based entrepreneurs and we will be marketing Lincoln Square to this type of firm,” noted Davisson. “In addition, we will be targeting smaller professional firms who may wish to take advantage of the charm of this renovation and the location close to the Courts, Amtrak station and the other services and amenities in the area. We have office suites available from 800 square feet to 6,000 square feet, so we will be able to meet the needs of a wide variety of businesses.”
The main lobby entrance, located at 306 Market Street, is undergoing significant interior and exterior enhancements including a new double door entry and awning extending over the sidewalk. The lobby is served by 2 elevators providing direct access to upper floor office suites. The individual retail stores have their own direct street access. The property has a second entrance at 2 E. Fourth Street with its own lobby, directory and elevator.
“Wind River Group, LLC joined forces with Market Preservation Associates, LLC in mid-2008 to complete the renovation of Lincoln Square and to manage on-going leasing, marketing and operations for the property. Wind River Group is a privately-held commercial real estate company based in Southern California that specializes in the acquisition, development and management of assets across a range of product types in top tier U.S. markets.
Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, PA. The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.
Through ONCOR International, the firm provides client services to over 220 markets worldwide.
JACKSON CROSS PARTNERS REPRESENTS ENGLEWOOD TIRE IN PURCHASE
Deptford, NJ - August 22, 2009 - Jackson Cross Partners, LLC today announced that Englewood Tire Distributors has purchased 1230 Forest Avenue in West Deptford, NJ. The building, a 107,200 square foot industrial facility, was purchased from Goya Foods.
“Englewood Tire will use the building as a distribution facility serving the Southern New Jersey, Eastern Pennsylvania and Delaware markets,” said Lou Battagliese, Jr. of Jackson Cross Partners. “This facility is Englewood’s sixth distribution center in the Northeastern United States.”
“Englewood’s new facility, provides easy access to I-295 at Interchange 19, and is therefore ideally situated to serve the markets they have targeted,” added Harry McKenna. “Englewood will be making renovations to the property with plans to occupy in October 2009. The excellent highway access, the building’s high ceilings and its size were features that attracted Englewood to the facility.”
The Jackson Cross Partners industrial team of, Harry McKenna, Jim Young and Lou Battagliese, Jr. represented Englewood Tire Wholesale in the purchase.
Englewood Tire Wholesale was founded in 1946 by Jerry “Captain” Boyle. Englewood has grown from a humble gas station in Englewood, New Jersey, to a family owned and managed wholesale distribution network. Now based in Lyndhurst, New Jersey, their more than 200 staff members are dedicated to delivering what their clients need to succeed.
In addition to this acquisition and under the leadership of their current President, John Boyle, Englewood Tire Wholesale has opened distribution centers in Hauppauge, New York and Wallingford, Connecticut to support the growing demand for more products and more frequent deliveries.
The firm prides itself in providing more brand choices, competitive prices, convenient delivery, lucrative dealer partnership and support programs, an experienced wholesale and retail staff, education and training and convenient on-line inventory inquiry and ordering.
The seller, Goya Foods, Inc., founded in 1936, is America’s largest Hispanic-owned food company, and has established itself as the leader in Latin American food and condiments. Goya manufactures packages and distributes over 1,600 high-quality food products from the Caribbean, Mexico, Central and South America. Larry Maister of Cushman & Wakefield represented Goya Foods.
Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, PA. The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.
Through ONCOR International, the firm provides client services to over 220 markets worldwide.
JACKSON CROSS NAMED EXCLUSIVE SALES/LEASING AGENT
Frazer, PA – August 22, 2009 - Jackson Cross Partners, LLC today announced they have been named exclusive sales and leasing agent for a two-building office complex located at One Bacton Hill Road in Frazer, PA. The property is owned by the Park Lane Group, Inc.
“We are pleased to announce this assignment for Park Lane Group,” said John Morrissey of Jackson Cross Partners. “The two-building complex totals 18,900 square feet. It offers its tenants well-located office space in small suites. It will provide an owner investor a property with a strong leasing history and the opportunity for an excellent return.”
“The property is ideally suited for use by smaller tenants,” said Mary Frances McGarrity of Jackson Cross. “The buildings have been recently modernized. There is currently space available in units from as small as 580 square feet to a suite that totals 3,200 square feet.
“The sales price is $2,500,000,” stated McGarrity.
Park Lane Group, Inc. is a family operated commercial real estate investment firm. Park Lane exhibits a “hands on” approach and uses its extensive industry knowledge to focus on value added and stable income producing office, industrial, healthcare, and flex properties. By focusing on capital restructuring, capital improvements, and expense reduction the firm maximizes its client’s returns.
Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, PA. The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.
Through ONCOR International, the firm provides client services to over 220 markets worldwide.
JACKSON CROSS NAMED AN EXCLUSIVE AGENT FOR AN INDUSTRIAL PROPERTY
West Chester, PA - August 19, 2009 - Jackson Cross Partners, LLC today announced they have been named exclusive sales agent by Giles & Ransome, Inc., for a 31,043 square foot industrial building located at 1416 Phoenixville Pike in West Chester, PA.
“We are delighted to once again have the opportunity to work with Giles & Ransome,” said John Morrissey of Jackson Cross Partners. “The building is located on a high visibility, four-acre site. Visible from Route 202, the property was the home of Keystone Helicopters before being purchased by Giles & Ransome. It offers easy access to Routes 202, 30 and the Route 30 By-Pass.”
“The building has wide column spacing and ceiling heights up to 24 feet clear. The property is zone light industrial and has a sales price of $3 million,” said Mary Frances McGarrity of Jackson Cross.
Giles & Ransome, Inc. was founded in 1916 by Arthur Giles and Percy Ransome, Sr. and became the region’s Caterpillar dealer in 1932. Throughout the years, Ransome CAT has continuously grown and is now a full-line Caterpillar dealer serving eastern Pennsylvania, southern New Jersey and northern Delaware.
Giles & Ransome serves the construction industry with the full Caterpillar construction equipment product line, which includes a complete line of compact construction products and work tools.
Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, PA. The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.
Through ONCOR International, the firm provides client services to over 220 markets worldwide.