TREVOSE, PA—Colliers International has been selected by The Leser Group as the leasing agent for 3800 Horizon Boulevard, a 220,000 square-foot office building in Trevose, PA. 3800 Horizon Boulevard is part of Horizon Corporate Center and is one of the most prominent buildings in Lower Bucks County. With up to 66,000 square feet of office space available, including a contiguous block up to 52,000 square feet, 3800 Horizon Boulevard has the largest block of contiguous space available in its submarket. This building was awarded LEED certification at the Silver level by the U.S. Green Building Council. Key tenants include Epicor, Harte Hanks, and Strayer University. Matthew Shanahan of Colliers International will represent The Leser Group.

NEW YORK, NY—Cushman & Wakefield arranged the sale of 15 and 17 West 94^th Street, a pair of partially interconnected four-story colonial revival townhouses, on behalf of seller Bay & Paul Foundation. The building was purchased by 15-17 W 94 Street LLC for $9.6 million. The pair of townhouses total 9,768 square feet and offer 36' of frontage. Features include a large double-wide garden, easterly views of Central Park, high ceilings, and more than 9,750 square-feet of additional air rights. A Cushman & Wakefield brokerage team consisting of Paul Massey, Hall Oster, Andrew Berry, Teddy Galligan and Bryan Smedbeck represented the seller.

NEWARK, NJ—The Teachers Village project in downtown Newark achieved LEED Silver certification under the LEED 2009 Neighborhood Development rating system. RBH-TRB Newark Holdings developed the project. This certification follows on RBH's successful achievement in 2017 of the LEED Silver for Schools designation by the USGBC for its school building located at 240 Halsey Street within Teachers Village.

PHILADELPHIA, PA—Marcus & Millichap brokered the sale of the Dynasty Court Apartments, a 56-unit apartment building located at 1003-1011 Race Street in the Chinatown neighborhood of Philadelphia. The property consists of 56 apartments, five retail storefronts on Race Street, and 21 parking spaces. The asset sold for $16.6 million. Andrew Townsend, first vice president investments, Ridge MacLaren, senior vice president investments, and Clarke Talone, first vice president investments, all of Marcus & Millichap's Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a local partnership who developed the property in 1982. Townsend, MacLaren, Talone, and Philip Sharrow, associate in Marcus & Millichap's Philadelphia office, represented the buyer, a local development company. Matthew Rosenberg, director in Marcus & Millichap Capital Corp.'s Philadelphia office, arranged the acquisition financing.

FRANKLIN TOWNSHIP, NJ—A two-building industrial asset in Franklin Township, 400 & 500 Apgar Drive, has traded in a $15 million sale orchestrated by Cushman & Wakefield's East Rutherford, NJ, investment sales team. Greek Development purchased the property from High Street Realty; the 170,500-square-foot, “last-mile” asset is 91 percent occupied by 11 tenants. The institutional-quality property garnered notable investor interest, according to Cushman & Wakefield's Gary Gabriel, who represented the seller and procured the buyer with team members Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald, supported by industrial leasing specialist Andrew Siemsen.

MALVERN, PA—Avison Young's Philadelphia Investment Real Estate Brokerage division brokered the sale of 17 Lee Boulevard in Malvern, PA. The 58,594 square-foot flex building was fully leased by two tenants at the time of the sale. The purchaser of the property is a private buyer is making its first industrial acquisition in the Greater Philadelphia area.

NEWARK, NJ—Dane Real Estate brokered the sale of two affordable housing properties: Livingston Homes and Somerset Homes in Newark, NJ. Livingston and Somerset Homes are 100-percent project-based Section 8 properties consisting of 120 town home-style units located in Newark, NJ. It is a 25-minute commute to Manhattan via the Path Train and is readily accessible to the Prudential Center and downtown Newark.

CARLSTADT, NJ—NAI James E. Hanson brokered the lease for 25,190 square feet of industrial space at 190 Jony Drive in Carlstadt, NJ. NAI Hanson's Eric Demmers and Russ Verducci represented the tenant, Amazing Vitamins, in the transaction. 190 Jony Drive is a 102,012-square-foot industrial building with 22' ceilings, two interior loading doors, one drive-in, and 3,971 square feet of office space.

Notables

EAST RUTHERFORD, NJ—Andrew R. Judd, managing principal and market leader, New Jersey Region, for Cushman & Wakefield, has been elected to the Board of Trustees of NAIOP New Jersey. The commercial real estate development association's 2018 officers and trustees were elected in January. As the chapter's governing body, NAIOP NJ's Board of Trustees is comprised of the association's officers and up to 31 elected members, as well as five immediate past presidents and non-voting public official, academic and not-for-profit delegates.

SADDLE BROOK, NJ—CBRE named 19-year industry veteran Jeremy Neuer an executive vice president. In 2017, Neuer was named co-head of CBRE's New Jersey Capital Markets Group alongside vice chairman Jeffrey Dunne. Neuer focuses on office and industrial sales throughout New Jersey.

NEW YORK, NY—Thor Equities named Jeff Menard vice president of acquisitions. Previously, he was vice president, acquisitions at Mitsui Fudosan America, where he focused on the company's capital market activities including sourcing new real estate investment opportunities as well as asset management, debt financing and dispositions.