JACKSON CROSS ANNOUNCES MARCOR ENVIRONMENTAL LEASE
Aston, PA - May 6, 2010 - Jackson Cross Partners, LLC today announced that Marcor Environmental, LP has leased 11,734 square feet in the Pennell Building at 300 Turner Way in Aston Township, Delaware County, PA. The Pennell Building, an 84,200 square foot facility, is owned by Aston Investment Associates.
“This lease is indicative of what we are seeing with our industrial clients,” said John P. Morrissey of Jackson Cross Partners. “Clearly, the market has been slow for an extended period of time, but our industrial clients are beginning to see a recovery and are positioning themselves for the future.”
Mike Burke of Marcor Environmental noted, “As we have grown over the past 10 years, both our customer base and our employees have changed. Jackson Cross Partners worked with us to find a location that will serve our needs in the future and one that is well situated to serve our customers and at the same time is conveniently located for our employees.”
MARCOR Environmental, LP, founded in 1980, performs a full range of environmental contracting services. Services include industrial cleaning, asbestos and lead hazard abatement, mold remediation, plant/process decommissioning, demolition, soil and groundwater remediation, gun range remediation, storage tank management, disaster recovery work, and many other specialty project types. Offices and operations span the U.S., while worldwide affiliations bring a global perspective to the company’s management practices.
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 SELLS 55,000 SF PROPERTY IN SEWELL, NEW JERSEY
Sewell, NJ - April 28, 2010 - Jackson Cross Partners, LLC today announced they have completed the sale of a 54,704 square foot building located at 11 Enterprise Court in Sewell, NJ. The property was sold by Hollywood Tans Brand, LLC to New Age Fastening Systems.
“This sale presented several unusual challenges,” said Lou Battagliese of Jackson Cross Partners.
“The building owner, and our client, Hollywood Tans, set a specific date by which the sale needed to be completed. In addition, the market for industrial real estate has been slowed by the overall economy and the reduced availability of financing.”
Jim Young of Jackson Cross Partners noted, “As soon we were given the assignment we began work on a targeted marketing plan that identified the most likely candidates for the property. This plan proved to be very effective and it allowed us to quickly identify several potential buyers. As with a number of recent transactions, the user/buyer has been able to obtain financing and is able to take advantage of the market.
“In the end, we were able to complete the sale within the time specified by Hollywood Tans and enabled them to meet their objectives,” concluded Young.
The Jackson Cross Partners team consisted of Jim Young, Harry McKenna and Lou Battagliese.
Hollywood Tans Brand, LLC is the largest chain of professional tanning salons in the country with more than 250 locations nationwide. The company is based in Sewell, New Jersey and was founded in 1994. New Age Fastening Systems, Inc. is a privately owned corporation that was founded in 1996. The firm is an industry leader in the application and technology of pin studs in cyclone boilers.
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 AGENT FOR OFFICE BUILDINGS
Media, PA - April 14, 2010 - Jackson Cross Partners, LLC today announced they have been named exclusive sales agent for a 12,000 square foot office building located at 1100 North Providence Road in Upper Providence Township, Media, PA.
“We are pleased to have been chosen for this assignment,” said John Morrissey of Jackson Cross Partners. “The property, formerly known as the Providence Legal Center, is a three-story, office building with covered and on-site parking for 30 cars. It is located within one half mile of the Delaware County Courthouse in downtown Media.”
“The attention to detail in all aspects of both the design and construction of this property is evident at every turn,” said Mary Frances McGarrity of Jackson Cross. “The quality of the interior finishes illustrates the care with which it was designed and built in1995. I am confident that the value of this building’s superior construction and high-end finishes will be recognized quickly by an astute buyer. I don’t expect this building to be available for long,” noted McGarrty.
“The building has been leased as a multi-tenant office building, but is also ideally suited for use by a professional firm. Its location, close to downtown Media and with easy access to Route 1, the Blue Route and all major area highways is exceptional. The sale price is $2.5 million,” concluded McGarrity.
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 NAMED LEASING AGENT FOR 945,000 SF BARRINGTON BUSINESS CENTER
Barrington, NJ – December 17, 2009 – Barrington, NJ – Jackson Cross Partners / ONCOR International has been appointed leasing agent for the 945,000 square foot Barrington Business Center in Barrington, NJ. Currently the property has almost 750,000 SF of available space comprised of over 650,000 SF of warehouse and manufacturing space and 36,000 SF of office space. The property is managed by Phoenix Asset Management.
“Barrington Business Center represents the best located, large block of industrial space in the region”, said Lou Battagliese, Partner at Jackson Cross. “The multiple building layouts allow us to accommodate requirements from 20,000 to 750,000 SF. Perhaps most importantly, the location, which is minutes to I-295, Rt. 42 and the Walt Whitman Bridge, provides immediate access to the region’s highway network and to an outstanding labor pool.”
The Barrington Business Center is situated just off Rt. 30 and I-295 in Camden County, New Jersey. The property which was originally owned and occupied by Owens-Corning, has been redeveloped as a multi-tenant industrial complex with tenants including FedEx Ground, National Distribution Centers, Inc. and CHEP USA.
The available space in the complex offers warehouse space featuring 24’ to 30’ ceiling heights, multiple tailgate and drive-in loading options, is 100% sprinklered and has column spacing up to 70’.
Battagliese noted, “The variety of space configurations provides great flexibility for various assembly, manufacturing or distribution requirements. The fully fenced, secure site sits on over 50 acres which offer ample space for parking or trailer storage.”
Harry McKenna and Jim Young of Jackson Cross’ Industrial Group along with Battagliese will comprise the marketing team.
About Jackson Cross Partners:
Jackson Cross Partners, LLC is a full-service, commercial real estate company specializing in Office and Industrial Properties, with a consultative approach to client relationships. Jackson Cross Partners (JCP) brings together a broad range of experience in brokerage, management, development and financing of real estate, as well as legal, corporate management and process design. Based in the Greater Philadelphia area with offices in Pennsylvania, New Jersey and Delaware, JCP manages client projects regionally and globally through ONCOR International.
About ONCOR International:
The ONCOR International(SM) network is a premier global commercial real estate organization. ONCOR International members represent over 50 independent commercial real estate brokerages, with more than 2,200 associates, in over 170 offices throughout 32 countries. In 2007 ONCOR International members were collectively responsible for approximately $38.4 billion in commercial real estate volume and over 17,000 commercial real estate transactions. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network.
JACKSON CROSS ANNOUNCES A LEASE AT 8 PENN CENTER
Philadelphia, PA – October 19, 2009 – King of Prussia, PA (October 2009) – Jackson Cross Partners, LLC today announced that Springhouse Education & Consulting Services, Inc. signed a long-term lease at 8 Penn Center.
“This is a new location for Springhouse Education & Consulting Services, and will enable them to more effectively serve their growing client base in center city Philadelphia and the surrounding area,” said James S. Leanos, SIOR of Jackson Cross Partners. “The fact that 8 Penn Center offers direct access to Suburban Station and SEPTA’s high speed commuter rail system was a factor in the final choice since the location offers convenient rail access to businesses throughout the Delaware Valley. The lease totaled 2,215 square feet.”
The team of James Leanos, SIOR and John P. Morrissey, SIOR of Jackson Cross Partners represented Springhouse Education & Consulting Services in the transaction.
Michael Fox of M. S. Fox Realty Group represented the building owners, 8 Penn Center Owners, LP.
Springhouse Education & Consulting Services, headquartered in Exton, PA, provides corporations with training, for software and computer applications.
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 AGENT FOR OFFICE BUILDING
West Chester, PA – October 13, 2009 – Jackson Cross Partners, LLC today announced they have been named exclusive sales and leasing agents by Moorings Trust for an office building in the Borough of West Chester, PA. The building is located at 115 East Chestnut Street.
“We are pleased to announce this exciting assignment from Moorings Trust.,” said John Morrissey of Jackson Cross Partners. “The property is a tasteful, quality conversion of a stately red brick home into a distinctive office building within walking distance of central West Chester and all of its amenities.
“The property is ideally suited for use by an owner occupant or a single tenant who is looking for unique office space,” said Mary Frances McGarrity of Jackson Cross. “The building has superior interior finishes that include high ceilings, hard wood floors throughout and a three zone heating and air conditioning system. In addition, to being able to walk to the center of West Chester, the property has on-site parking, a prized amenity.
“The sales price is $1,050,000 and the leasing rate is $18.00 per square foot, triple net,” concluded McGarrity.
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 AGENT FOR SCHOOL BUILDING
Havertown, PA - October 13, 2009 - Jackson Cross Partners, LLC today announced they have been named exclusive sales agent by Stratford Friends School for a 19,000 square foot school building. The property is located at 5 Llandillo Road in Havertown, PA.
“We are honored to have been chosen for this assignment by Stratford Friends School,” said John Morrissey of Jackson Cross Partners. “The two-story, stone building was originally the Llanerch School in Haverford Township and later served as a municipal building. Stratford Friends recently acquired a new property for their school.”
“We are excited about our move to our new location, the former lower school campus of the Delaware County Christian School, on Bishops Hollow Road in Newtown Square,” said Timothy P. Madigan, PhD., Head of School at Stratford Friends. “Our new location will enable us to take our outstanding academic program to the next level while providing new opportunities to our students, academically, socially and athletically. It is also closer to the center of our growing student population. But, at the same time we are sorry to leave the school on Llandillo Road which has served us well for the past 21 years.”
“Obviously the property on Llandillo Road is ideally suited for use as a school, with its library and cafeteria, but it offers a multitude of redevelopment options as well,” said Mary Frances McGarrity of Jackson Cross. “The building is air-conditioned, has a Local Area Network in place, and has a 2,000 watt emergency generator. While the highest and best use is a school, the location, close to both Routes 1 and 3, makes the building an ideal candidate for renovation as an office building. The sale price is $2 million,” stated McGarrity.
Stratford Friends School is a leader and pioneer in the education of children who learn differently. The school educates children in a caring environment guided by Quaker principles. The affiliated Teacher Training Center extends the School’s multisensory teaching methods for the benefit of children throughout the nation.
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 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.