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This week, the WCRE team marks our eleven-year anniversary.

Our success is the result of the trust and support we receive from our clients, colleagues, and community.

Gratitude! This is without a doubt the word of the year! There are moments in time that can change your life forever. For Jason Wolf, Managing Director, and Founder, that moment was starting WCRE in 2012. From a logo and Jason’s reputation to a firm that is now considered a dominant player in the Philadelphia and Southern New Jersey region.

2022 was another year of evolving as a team of quality professionals and people allowing WCRE as a firm to have the highest performance in eleven years. We are proud of our team and the resiliency they all have shown during these uncertain times. We’ve had our ups and downs, but our team kept leaning in and continued to WIN along the way. Our team members have taken a positive mindset of growth and recognize that opportunities truly are everywhere to be found. Problems are what make us grow.

This past year, the WCRE team worked closely together to refocus, pivot, and adapt our mindset towards helping each other, the real estate marketplace, business community and themselves. What is truly inspiring is that each member of the team grew their production and pipelines in 2022, as compared with 2021; both in the number of completed transactions as well as the size of the deals.

In 2022, we added some new team members to WCRE. Erin Warwick, Maria Russ, Chemmie Sokolic, Grace LaDelfa, and Brian Goren. We could not be more excited about the diversity they bring – their intelligence, energy, and unique skills. A few more key hires are on the horizon and more info will hopefully follow soon. More information on each of our newest members is outlined in detail below.
It takes time to build a championship team and 2022 will go down as the year in which we added stellar teammates positioning the firm to continue growing in meaningful ways! When Jason reviewed this past year’s revenue stats, what stood out the most was everyone at WCRE is performing from top down.

As we now enter WCRE 11.0, it is with great pride that our team is the best version of WCRE. The current operating system at WCRE is vastly different today as compared to that of February 2012 when Jason simply wanted to make a change from corporate culture and bureaucracy to being the best regional commercial real estate firm focused on “Building Successful Relationships”. As we start our second decade, we are smarter, more strategic, connected, playing hard, working hard, and operating at a very high level of quality within our culture and community.

Download Printable Article (PDF) >>>

Let’s take a moment to share WCRE highlights from 2022

A Few WCRE 2022 Highlights to share:

Earlier this year, WCRE hosted the 10 Year Anniversary at our new office Headquarters at One Holtec Drive in Marlton, NJ. Not only did our move to One Holtec allow our team to be in a larger space, but we also created a collaborative office environment with and exciting creative design – stop by if you haven’t already!

Properties

As we mark eleven years in business, we are currently entrusted with over 200 properties for sale and lease, comprising approximately 5 million square feet of office, retail, medical, industrial space, and investment properties in Southern New Jersey and the Philadelphia region. Our core business grew this year, we continued to expand our Pennsylvania operations, and developed new media to support our pioneering digital marketing and social media strategies as we meet the evolving needs of the commercial real estate business.

TEAM

Erin Warwick joined WCRE as Executive Vice President to lead the firm’s growth and operations in the Pennsylvania & New Jersey markets. Over the course of nearly 15 years in real estate, Erin has represented both owners and occupiers and worked directly for several REITs and Private Equity ownership firms. She brings a unique perspective as she has developed strategies and completed transactions from all sides. Prior to joining WCRE, Erin worked with Liberty Property Trust, Somerset Properties and Nessel Development.

• Bio Here: https://wolfcre.com/team/erin-warwick/
• PR Here: https://wolfcre.com/erin-warwick-joins-wcre-as-executive-vice-president-to-lead-pa-nj-growth/

Maria Russ joined WCRE as Director of Property Management to help the growth of the firm and the WCRE Property Management Team. Maria has over 18 years of management experience working directly for owners of different generations overseeing commercial, multifamily, and industrial asset classes.

Over the past decade, Maria has carved out a distinguished career with accomplishments in multifamily and commercial property management in various areas of real estate, leadership, administrative management, lease negotiations, financials, policies and procedures, marketing, leasing, capital projects, tenant improvements, tenant retentions, customer service, contract services, project management, employee training, analysis, and decision making.

• Bio Here: https://wolfcre.com/team/maria-russ/
• PR Here: https://wolfcre.com/maria-russ-joins-wcre-as-director-of-property-management/

Grace LaDelfa joined WCRE as Property Manager to help accelerate and expand the growth of the WCRE Property Management services platform. Additionally, Grace will utilize her prior commercial real estate experience to support with marketing and administrative/research efforts for the WCRE Brokerage Team.

Grace’s prior work experience is in a variety of industries – legal, energy, international business, and commercial real estate. These skill sets have provided Grace with a diverse background and knowledge, which assist her in all facets of business.

Prior to joining WCRE, Grace managed a portfolio of commercial real estate in the Southern New Jersey region, while also handling all marketing initiatives and materials for the properties, including strategic research, property photography, social media, and digital advertisements.

• Bio Here: https://wolfcre.com/team/grace-ladelfa/
• PR Here: https://wolfcre.com/grace-ladelfa-joins-wcre/

Chemmie Sokolic joined WCRE as Due Diligence & Development Consultant, Chemmie has 21 years of environmental, land use, and engineering consulting experience, specializing in the environmental due diligence of commercial and industrial properties.

• Bio Here: https://wolfcre.com/team/chemmie-sokolic/
• PR Here: https://wolfcre.com/chemmie-sokolic-joins-wcre-as-due-diligence-development-consultant/

Brian Goren joined WCRE with a dual focus on continuing the growth of WCRE’s facilities services platform and providing tenant and landlord representation as well as sales and leasing for retail properties in the Pennsylvania & New Jersey markets.

At WCRE, Brian will leverage his extensive industry operations experience to develop and implement effective growth strategies and build new relationships.

• Bio Here: https://wolfcre.com/team/brian-goren/
• PR Here: https://wolfcre.com/brian-goren-joins-wcre-in-dual-retail-focused-role/

WCRE is now comprised of 24 members devoted to building successful relationships, and we provide each client the highest levels of responsiveness, attention to detail, and communication even after the transaction is complete.

While our highly skilled team is the foundation of our company, we also constantly seek forward‐thinking approaches and value-added solutions to identify and fulfill our clients’ business needs.
We expanded our network of specialty commercial real estate blog sites. WCRE now maintains 85 distinct SEO driven websites that present content tightly targeted to audiences seeking specific information about types of properties and locations. This ensures that prospective investors, tenants, and landlords can always find services and listings that closely match their needs.
We grew our Social Media Network of followers to over 22,000 contacts between Facebook, LinkedIn, Instagram and Twitter.

Community Commitment

This past June, WCRE hosted its 5th Annual Charity Golf Tournament. Through the golf outing, The WCRE Foundation successfully raised approximately $75,000 which was distributed equally to 6 charitable causes within the Philadelphia and Southern New Jersey region. Over the past five years, The WCRE Foundation has raised and allocated over a half a million dollars.

• PR Here: https://wolfcre.com/fifth-annual-wcre-charity-golf-tournament-raises-75000/

This past Thanksgiving, we wrapped up our 9th annual WCRE Thanksgiving Food Drive by delivering over 250 bags of food and $3,200 in supermarket gift cards and donations to the Samost Jewish Family and Children’s Service food pantry.

• PR Here: https://wolfcre.com/wcre-completes-9th-annual-thanksgiving-food-drive/

Since we started the WCRE Foundation, there continues to be many upgrades in our business and our community efforts, including the addition of Gabrielle Leonetti, WCRE’s Director of Marketing, heading all the charitable events alongside Jason Wolf.

This last year we added a new non-profit to our community commitment platform by welcoming The Ronald McDonald House of Southern New Jersey.
The WCRE Foundation also led its first toy drive ever, donating over $1500 worth of toys to assist The Unforgotten Haven in their mission to help children and families receiving social services in Gloucester, Camden and Burlington Counties.

• PR Here: https://wcrefoundation.org/wcre-partners-with-the-unforgotten-haven-winter-wonderland-toy-drive/

Southern New Jersey and the Philadelphia region mean so much more to WCRE than a place to do business. Our roots are here, and we are passionately committed to the health, well-being, and success of the people in the communities in which we operate. That is why WCRE dedicates a portion of the proceeds from transactions to a local charity and encourages our staff to volunteer and support charitable causes.

In 2016, WCRE formed The WCRE Foundation to manage and oversee our community fundraising efforts. To date, The WCRE Foundation has successfully raised approximately $515,000 from its community fundraising efforts. Currently, WCRE and The WCRE Foundation support Bancroft, I AM ALS, American Cancer Society, Ronald McDonald House of Southern New Jersey, Samaritan Healthcare & Hospice and the Jewish Federation of Southern New Jersey. We also offer our clients the option to designate the charitable portion of their transaction to a charity of their choice.

CORFAC International

This past September, several on our team travelled to the Annual CORFAC International Summit in Seattle, WA. Here we were able to collaborate, learn and grow with many of our partner offices from around the world.
As a member organization to CORFAC International, WCRE can execute transactions across the globe through the many CORFAC International affiliates in each of the seven continents. Whether a transaction is taking place in California or Australia, WCRE can have brokers on the ground working to provide the best service possible for their clients.

CORFAC International (Corporate Facility Advisors) is an international commercial real estate network comprised of privately held entrepreneurial firms around the world. CORFAC International is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporations and private companies. All multi-market assignments are directly co-managed by the client relationship broker and the collaborating broker without gatekeepers or corporate interference.

Each customer receives excellent service from a single point-of contact for every step of the process. CORFAC brokers who collaborate on multi-market transactions are extensions of
your CORFAC broker and remain closely connected to your requirements. Affiliate firms understand that no two clients or transactions are alike, and each customer receives a unique and personalized experience.

• Learn more about CORFAC International here: http://corfac.com/

Since day one, our primary mission has always been “Building Successful Relationships”, and we are grateful that you are part of our community. We are excited for all the opportunities that lie ahead in 2023!

Depending on what you do for a living and what your spouse may be earning, you may have income that is not subject to withholding. It’s possible that you may need to pay estimated taxes.

We’re halfway through 2022. What’s worse than finding out you are shocked by the tax owed on your 2022 personal income tax return? How about learning that you may have to ALSO pay next years income taxes starting the same time?

You may need to pay estimated taxes to the IRS and one or more states during the year if you have income that is not subject to withholding. This can depend on what you do for a living, what your spouse may be earning when you file jointly and the types of income you receive.

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11 Points to Consider Regarding Estimated Taxes

Here are eleven points we at Abo and Company would at lease like you to consider regarding your estimated taxes if you need to pay them and how to pay them.

1. If you have income from sources such as self-employment, interest, dividends, alimony, rent, gains from the sales of assets, prizes or awards, then you may have to pay estimated tax. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension or other income is not enough. Estimated tax is used to pay income tax and self employment tax, as well as other taxes and amounts reported on your tax return.
2. As a general rule, you must pay federal estimated taxes if both of these statements apply: 1) You expect to owe at least $1,000 in tax after subtracting your tax withholding (if you have any) and tax credits, and 2) You expect your withholding and credits to be less than the smaller of 90 percent of your 2022 taxes or 100 percent of the tax on your 2021 return. If your 2021 Adjusted Gross Income was more than $150,000 ($75,000 if Married Filing Separately) substitute 110% for the 100% requirement. Your 2021 tax return must cover all 12 months.
3. For Sole Proprietors, Partners and S Corporation shareholders, you generally should make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.
4. If you also receive salaries and wages, you may be able to avoid having to make estimated tax payments on your other income by asking your employer to take more tax out of your earnings. To do this, file a new Form W-4, Employee’s Withholding Allowance Certificate, with your employer. Generally, if you receive a pension, annuity or certain other deferred compensation payments you can use Form W-4P, Withholding Certificate for Pension or Annuity Payments, to start or change your
   withholding from these payments. You also can choose to have federal income tax withheld from certain government payments using Form W-4V, Voluntary Withholding Request (i.e. unemployment compensation, social security benefits, etc.
5. To figure your estimated tax, include your expected gross income, taxable income, taxes, deductions and credits for the year. You can use the worksheet in Form 1040-ES, Estimated Tax for Individuals, for this. You want to be as accurate as possible to avoid penalties. Also, consider
   changes in your situation and recent tax law changes. Many a client will have Abo and Company prepare tax projections for them and even have them updated as the year progresses. Your call.
6. The year is divided into four payment periods, or due dates, for estimated tax purposes. Those
   dates for this coming year are April 18, 2022; June 15, 2022; Sept. 15, 2022 and Jan. 17, 2023.
   As you can see, estimated tax payments are made in four quarterly installments and can be based on a regular tax method or an annualized income installment method.
7. You can make more than four estimated tax payments. To do so, make a copy of one of your unused estimated tax payment vouchers, fill it in, and mail it with your payment. If you make more than four payments, to avoid a penalty, make sure the total of the amounts you pay during a payment period is at least as much as the amount required to be paid by the due date for that period.
8. The disadvantage to utilizing the annualized method as opposed to the regular method is that the calculation of your estimated tax payments may be more complex and time consuming. Additionally, your estimated tax payments must be recalculated at the end of every quarter. If you make an estimated tax payment using the annualized income method for a quarter, you may change to the regular method for a subsequent quarter but you must recapture the difference between the annualized income installments and the regular installments by adding the amount of the differential for all previous periods to the regular installment for the next payment period. For example, if you estimated a tax of $1,000 under the regular method, $250 would be due each quarter. If you used the annualized method for the first quarter and paid $100, and then shifted to the regular method for the second quarter, the second quarter installment due would be $400 ($250 for the second quarter plus $150 unpaid for the first quarter).
9. An underpayment penalty is imposed on each underpayment for the number of days it remains unpaid. A penalty may be applied if you did not pay enough estimated tax for the year or you did not make the payments on time or in the required amount. A penalty may even apply if you have an overpayment on your tax return. Interest/penalty rates as of this writing is at 3% per annum. Not necessarily the worst.
10. If you extended your 2021 return considering the original due date of April 18, 2022 has passed, if you only have so much in funds available to pay the balance of your 2021 tax liabilities as well as 2022 estimated tax payments, our vote is generally to pay the 2021 amounts due IRS and/or the states.
11. Estimated taxes should be calculated for all states for which you will be filing individual resident or nonresident tax returns. For purposes of calculating estimates for most states, either the regular installment or annualized income installment method may be used.

Many of Abo and Company clients typically call asking why we include 2022 estimated tax vouchers with their 2021 tax returns. When there is a material balance due on their federal or state 2021 return, we may often produce such safe-harbor estimates if we are unsure if the client will be having similar balances due this time next year. After discussing with us, clients often consider increasing their withholdings to so avoid the need for paying such estimates. Again, your personal call.

Martin H. Abo, CPA/ABV/CVA/CFF is the principle of Abo and Company, LLC and affiliate, Abo Cipolla Financial Forensics, LLC, Certified Public Accountants – Litigation and Public Accountants. With offices located in Mount Laurel, New Jersey and Morrisville, Pennsylvania, tips like the above can also be accessed

For more information, contact:

Martin H. Abo, CPA/ABV/CVA/CFF
307 Fellowship Road, Suite 202
Mt. Laurel, NJ 08054
(856) 222-4723 ext. 104
marty@aboandcompany.com
www.aboandcompany.com

Chemmie brings more than 21 years’ experience to WCRE

Wolf Commercial Real Estate (WCRE) proudly announces the hiring of Chemmie Sokolic as the firm’s due diligence & development consultant to assist and support the firm’s growth in the Pennsylvania & New Jersey markets. 

As Due Diligence & Development Consultant, Chemmie will leverage his 21 years of environmental, land use, and engineering consulting experience, specializing in the environmental due diligence of commercial and industrial properties.

Chemmie has conducted well over 1,000 Phase I Environmental Site Assessments (Phase I ESAs), New Jersey Preliminary Assessments, environmental inspections, and/or due diligence projects at a wide variety of sites, from smaller residential and retail properties to large portfolio projects, and larger and more complex industrial, commercial, and manufacturing facilities.

“Adding Chemmie to our team is going to provide a huge boost for both our current and future plans. His vast industry experience and knowledge of the region is a perfect match for WCRE, and we could not be happier to have Chemmie join our team”, said Jason Wolf, Managing Principal at WCRE.

“WCRE is widely regarded as one of the most innovative and forward-looking commercial real estate brokerage and advisory firms in the area,” said Chemmie. “I am honored to join their team of accomplished professionals and look forward to using my experience to enhance and grow the WCRE brand across the region.”

Chemmie founded and is Principal of the Falcon Real Estate Group, a team of dedicated scientists, engineers, financial specialists, and technicians who provide expert commercial and industrial real estate due diligence services by evaluating current and past property uses and conditions, and identifying potential risks, liabilities, and constraints associated with a property’s current and potential future uses. Chemmie also supports and consults with other environmental, engineering, and related service firms regarding their due diligence needs.

Chemmie is an active member of the ASTM Committee E50 on Environmental Assessment, Risk Management, and Corrective Action, and assisted in writing and was the final editor of the most recent Phase I ESA standard (ASTM E1527-21).

Chemmie has presented at numerous locations and events including an accredited semi-annual 1-day “Due Diligence in New Jersey” course formerly hosted by the Licensed Site Remediation Professional Association (LSRPA) since 2015, as well as an accredited 1-hour due diligence class for attorneys and realtors. Chemmie has written numerous articles regarding environmental due diligence and has been published and cited in several industry and trade journals.

Chemmie has a M.S. in Environmental Management and Water Resources from Montclair State University, a B.S. in Environmental Science from Kingston Upon Thames University, and is currently completing his M.B.A. Master of Business Administration, with concentrations in Real Estate and Leadership, from Rutgers University. Chemmie’s graduate and post-graduate education, along with his NJ Real Estate license, will greatly aid and expand the growth of the firm’s industrial brokerage sector.

Learn more about Chemmie here: https://wolfcre.com/team/chemmie-sokolic/

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.moorestownofficespace.com, www.moorestownmedicalspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com.

# # #

Erin Warwick brings more than 15 years of commercial real estate expertise to WCRE

Wolf Commercial Real Estate (WCRE) proudly announces the hiring of Erin Warwick to lead the firm’s growth in the Pennsylvania & New Jersey markets.

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“Adding Erin to our team is going to provide a huge boost for both our current and future plans. Her vast industry experience, community involvement, relationships and knowledge of the market is a perfect match for WCRE, and we could not be happier to have Erin join our team”, said Jason Wolf, Managing Principal at WCRE.

Warwick’s new role comes amid WCRE’s continuing expansion in the region, adding numerous seasoned brokers and increasing its activity in the Southern New Jersey, the Greater Philadelphia region, Southeastern Pennsylvania, Northeastern Pennsylvania and the Lehigh Valley.

“Erin’s guidance will play a key role in managing our growth and recruiting new talent, especially as our CORFAC International alliance continues to open up new business opportunities,” Wolf added.

Over the course of nearly 15 years in real estate, Erin has represented both owners and occupiers and worked directly for several REITs and Private Equity ownership firms. She brings a unique perspective as she has developed strategies and completed transactions from all sides.

Prior to joining WCRE, Erin worked with Liberty Property Trust, Somerset Properties and Nessel Development.

Erin’s commercial real estate career began in property management/marketing/leasing administration for Liberty Property Trust. Subsequent to Liberty selling off their core office assets, Erin then joined Somerset Properties in 2014 and focused on leasing and tenant relations for over 200 office tenants including Virtua Health, Morgan Stanley, PMA and American Water. She analyzed the workflow of the company, created business plans, and became an expert on buildings and systems. Erin also coordinated the efforts of dispositions of assets at the end of Somerset’s hold vs. sell model.

Most recently, Erin was Asset Manager for Nessel Development, an innovative, environmentally sustainable real estate investment firm centrally focused in Southern New Jersey with a splash of a few retail, manufacturing, and grocery store holdings in the US and a few offices in North Jersey.  Nessel Development helped Erin to cultivate the tenant relationship while acquiring new assets to grow its investment strategy of solar installation. Nessel’s core values included incorporating various green practices into its properties and sharing the financial success of its efforts with the community.

“WCRE is widely regarded as one of the most innovative and forward-looking commercial real estate brokerage and advisory firms in the Philadelphia area and beyond,” said Warwick. “I am honored to join this team of accomplished professionals and look forward to using my experience to transform and grow the WCRE brand across the region.”

Warwick graduated from University of Rhode Island with a Bachelor of Business Administration.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.moorestownofficespace.com, www.moorestownmedicalspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com.

# # #

This new to market Starbucks anchored center adds to WCRE’s growing number of mixed-use assignments in the South Jersey & Philadelphia region.

Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive leasing agent by Town Center at Short Hills I, LLC for its recently acquired 40,764 square foot mixed-use retail and professional property located at 480-488 Evesham Road, Cherry Hill, New Jersey.

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Among many desirable attributes, the Short Hills Town Center features a prominent neighborhood center with in-line spaces for lease in an affluent area of Cherry Hill, New Jersey. 
This newly redeveloped retail and professional center is currently under construction and offers excellent visibility and signage.  The property is located at a signalized intersection and situated on the border of Cherry Hill and Voorhees Townships. Join Starbucks (with drive-thru) and Wells Fargo bank. With the new redevelopment at the Short Hills site, there will now be a right-turn into the property entrance from Evesham Road
Harry Rosenblum, Partner, Town Center at Short Hills Cherry Hill I, LLC said, “we are excited to be working with WCRE’s leasing team of Eric Flocco and Evan Zweben, and our ownership team is confident that they will be very successful in marketing this premier neighborhood Town Center.” 

Short Hills Town Center is conveniently positioned along the Evesham Road corridor located adjacent to the well-known Short Hills & Lost Tree residential communities, allowing easy access to Route 70, Route 73, as well as numerous nearby amenities such as hotels, restaurants, childcare centers, fitness centers and public transportation. 
Available spaces for Lease at Short Hills Town Center range in size from 1,775-8,000 square feet.

A marketing brochure and tenant information package is available upon request.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com. 

What is a commercial relocation concierge, and do they really add value to your project? Let’s get one thing out of the way right up front: a commercial relocation concierge is not some made-up job description. A commercial relocation concierge is an expert that you partner with when you are considering moving or expanding your office. They are the ones who crunch the numbers, draw up the timeline, coordinate all the subcontractors, and develop the move plan. They’ll be the one qualified to answer the question, “What’s the most cost effective way to transition to a new space?”.

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A top-notch commercial relocation concierge has the connections for everything — space planners, IT/data center relocation, phone and furniture procurement, contractors, rigging services, and so much more. They know the right vendor for every job, and the right price that should be charged. Any client that thinks they can vet the vendors and negotiate a better price as their own general contractor might better think twice. Just the risk management liability alone is enough to make you scramble to find a relocation concierge ASAP.

And here’s the best part: including a Relocation Concierge on a project benefits the landlord by protecting the integrity of the real estate, and benefits the tenant by protecting their security deposit. It’s a win-win for everyone!

So what responsibilities can a commercial relocation concierge take off your plate?

• Relocation plan & objectives
• Goals & budgeting
• Timelines
• Space evaluation & planning
• Asset inventory/furniture analysis
• Furniture Liquidation & Procurement
• Transportation & Logistics
• Contents move plan and asset liquidation
• IT/Data center migration
• Phone system/cabling
• Facility Decommissioning

So what is the takeaway from all of this? Simply that companies that focus all their time and effort on the “hard costs” of relocation or expansion will be blindsided by the much more important “soft costs” of a transition. There are the obvious hard costs associated with any move — packing, moving, etc. But then there are the less tangible soft costs you need to consider — lost productivity, efficiencies of timing/scheduling, IT testing, risk management, etc. A commercial relocation concierge minimizes your company’s exposure to lost revenue by reducing the distraction to your core business and curtailing down time. You’re an expert at what you do, so why not let a commercial relocation concierge handle all the logistic details for you!

About Argosy Management Group, LLC:

Argosy Management Group (AMG) is a leader in office relocation and logistics project/move management. AMG services companies throughout the U.S. and worldwide. AMG delivers a wide range of comprehensive services: move management and transition planning, space planning and furniture needs, office and industrial relocation and liquidation, storage solutions and asset management, furniture disassembly and installation, and I.T./data center relocation. AMG also offers disinfection services for your office space to combat COVID-19 and other viruses. For more information, contact: Shawn O’Neil at 609-744-4112 or visit www.argosymg.com.

The daunting task of managing your office relocation project can be overwhelming, time consuming, and expensive. There are many questions you’ll ask yourself when moving your company to a new office space. Here are a few keys areas you’ll want to consider before you begin:

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PLANNING

Are you moving across town? Are you reducing your footprint because your employees are now working from home? Or are you working with an architect on developing customized space?

BUDGETS & SCHEDULES

How far in advance should I plan for my company’s move and how much should I budget? Who should I appoint as the leader for my relocation project? This individual will work with a relocation expert throughout the project and communicate updates to employees, schedule regular meetings, and ensure timelines and budgets are being met.

SPACE PLANNING & FURNITURE NEEDS

When should I decide what’s moving and what’s not? What is the most efficient and cost effective method for removing my company’s old furniture? Can I donate it to charity? When should I purchase new furniture and plan out my company’s new space?

PHONE & DATA MANAGEMENT

How do I plan my company’s data center and I.T. relocation?

EMPLOYEE COMMUNICATION & PREPARATION

How can I minimize downtime and reduce anxiety for my employees? How can each employee prepare for packing his office/workstation?

Every company is different therefore every move is very different. Taking the following steps will help ensure a successful relocation and transition into your new space:

9-12 Months before Moving:

• Partner with an office relocation project and logistics project management company for a single-source operation. Obtain the necessary bids and establish your preliminary budget.
• Conduct a pre-move assessment, and decide what’s moving and what’s not.
• Work with your office relocation project management company to identify preliminary timelines, phases, and schedules. This will also minimize downtime and disruption to employees, and reduce expenses long term.
• Finalize your space plan.

6-9 Months before Moving:

• Review your furniture needs. Decide whether you require disposal of existing furniture or the purchase and layout of new furniture.
• Make decisions on existing phone system, security requirements, cabling, and I.T. data infrastructure. Order new services if needed.

3-6 Months before Moving:

• Acquire floor plans for both new and existing facilities.
• Determine move requirements, packing needs, and specialty equipment to be moved.
• Finalize on-site record of existing furniture and equipment, recycled items, and items to be disposed.

8-12 weeks before Moving:

• Update move schedule and communicate internally as needed.
• Verify your Certificates of Insurance are up-to-date, and re-check your insurance.
• Schedule a commercial cleaning service for both old and new spaces.
• Order new stationary and forms with your new address and phone numbers, and update your website.

2-8 weeks before Moving:

• Monitor and finalize move schedule.
• Notify vendors and clients of your move.
• Begin packing and purging.
• Create a move ‘map’ plan for new space.
• Obtain moving crates, cartons, etc.
• Confirm Certificate of Occupancy.

1-2 weeks before Moving:

• Ensure coordination of schedules is in agreement, and communicate expectations to employees.
• Back up computers!!!
• Pack desks, office contents and label.

Moving Day:

• Arrange staff to assist at both old and new spaces.
• Arrange furniture according to plans.
• Install/reconnect computers and equipment.
• Hang artwork in new space.
• Leave old space in ‘broom swept’ condition.

Once you’ve completed your move and have settled in to your new space, there are post move activities that still need to be done. You’ll want to schedule a ‘post move’ walk through at both facilities, collect old keys and key cards, update service agreements, etc. Remember, it’s all in the details! Having a detailed plan results in a more efficient and cost effective office relocation project, which is good for your company and your employees! But it’s most important for your bottom line.

About Argosy Management Group, LLC:

Argosy Management Group (AMG) is a leader in office relocation and logistics project/move management. AMG services companies throughout the U.S. and worldwide. AMG delivers a wide range of comprehensive services: move management and transition planning, space planning and furniture needs, office and industrial relocation and liquidation, storage solutions and asset management, furniture disassembly and installation, and I.T./data center relocation. AMG also offers disinfection services for your office space to combat COVID-19 and other viruses.

For more information, contact: Shawn O’Neil at 609-744-4112 or visit www.argosymg.com.

The recently enacted Covid-19 relief package titled “Consolidated Appropriations Act, 2021” has extended the Federal Energy Tax Credit (Section 45L) through December 31, 2021 and made the Energy Efficient Commercial Building Deduction (Section 179D) permanent. While both tax incentives offer significant value and the qualification process is simple, they are often overlooked by developers and homebuilders.

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Section 45L Federal Energy Tax Credit 

Section 45L is a tax credit of up to $2,000 for each new or rehabilitated energy-efficient dwelling unit that is first leased or sold by the end of 2021. If you qualified for the credit but did not take advantage of it in previous years, your tax returns can be amended for up to three past years—2017, 2018 and 2019—to get you the credits you are entitled to.

Qualifying dwellings include newly constructed or rehabbed single-family homes, low-rise apartments, and other complexes of three stories or less, including condominiums, townhouses, senior living facilities, and student housing.

The projected annual heating and cooling cost of the dwelling or residential unit must be at least 50% below the annual energy consumption level based on 2006 standards. Most new developments today exceed these standards simply through energy-efficient features, such as high-R value insulation and roofing, windows, doors, and/or HVAC systems.
To capitalize on the 45L credits, you must engage a licensed professional to certify energy improvement standards have been met.

The cost of certification is typically much less than the financial rewards gained from the tax credit. For example, consider a three-story apartment complex with 60 qualifying units that were fully leased or sold in 2020:

• Tax credit = $2,000/unit x 60 units = $120,000
• Project Certification Fees (estimated) = $400/unit x 60 units = $24,000
• Net benefit of the 45L credits = $96,000

Section 17D Energy Efficient Commercial Building Deduction

The 179D Energy Efficient Commercial Building Deduction of a maximum of $1.80 per sq. ft. per qualifying property is available to those who have built or renovated properties they own with energy-efficient commercial building property (EECBP). EECBP includes interior lighting, materials used on the building structure, and mechanical systems. The 179D deduction is also available to those who have designed or built government-owned buildings, such as engineers, architects, and contractors. In certain situations, more than one of the companies designing and building a property will qualify for the credit, so it is important to address the issue up front in the building contracts.

Both the Section 45L and 179D tax incentives have been available for years, but few developers and builders who qualify take advantage of them. If you think you might qualify for either one, call your tax advisor. It could mean a significant financial benefit to you and your company.

ABOUT THE AUTHORS

Michael Wolf, CPA, Principal

Michael Wolf is a Principal of HBK CPAs & Consultants and works primarily out of the Blue Bell, PA. office. He leads HBK’s Construction Industry Group in the Mid-Atlantic Region. He can be contacted at 215-628-8080 or by email at mrwolf@hbkcpa.com.

Patrick Higgins, CPA, Manager

Patrick is a Manager at HBK CPAs & Consultants and works out of the Blue Bell, PA office. He has many years of experience working with construction contractors to help them achieve their goals. Patrick is a member of the Construction Accounting Network (CAN) and an associate member of Associated Builders and Contractors (ABC) – Eastern Pennsylvania Chapter. He can be contacted at 215-628-8080 or by email at phiggins@hbkcpa.com.

About HBK Construction Solutions Group

At HBK, our Construction Solutions is comprised of dedicated team members devoted to keeping pace with industry changes impacting your business and in turn providing you and your company with strategies and solutions customized to fit your unique needs.

Our specialized group serves a broad range of clients throughout the region who include general contractors, heavy construction, home builders, bridge painters and other specialty trades.

When it comes to commercial parking lots, a well-paved and maintained parking lot has a greater impact on the customer experience than you may realize. Parking lots are the first thing that your customer sees when entering your business. You want to make a great first impression because you never get a second chance to make it right.

If your asphalt parking lot is filled with cracks, potholes, unsightly striping and other signs of deterioration, this could drive away potential business before they even make it through the door. Being proactive with having a parking lot maintenance plan allows you to be ahead of the damage and improve the safety and curb appeal of your commercial parking area.

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Commercial Parking Lots: 4 Things You Should Know

Condition

Just like the human body, asphalt grows weak over time, and without a preventative maintenance plan it can lead to serious damage and potential liabilities. The most effective approach in parking lot maintenance is being proactive rather than reactive. Don’t wait until the damage is done to fix it. Services like sealcoating not only make your parking lot appear new but help fight against the oxidation from the sun and damage from traffic. Having a parking lot maintenance plan in place will help keep your parking lot safe and fresh year after year.

Repairs and Maintenance

Some repairs are unavoidable, even when a parking lot maintenance plan is in place. The best way to avoid trip hazards and automobile damage is to walk your parking lot quarterly. Check to see if there are new cracks or potholes, uneven surfaces and proper drainage. If any of these arise, contact your trusted preventative maintenance partner to assess the damages and get started on the repairs.

Compliance

We all want parking lots to look aesthetically pleasing, but are they compliant with the law? ADA Compliance ensures that parking lots with 20 parking spaces or more, have at least one designated area for those with disabilities.

Always make sure that you are following the accessibility regulations to avoid fines and to ensure you are providing a safe parking lot for your customers that require handicap spaces.

Parking Spaces

Are the parking spots on your lot clearly defined? Do they have enough space in between them? Providing comfortable distance between parking spaces is essential in decreasing the risk of liabilities and providing safety for your patrons. Clearly defined parking spaces create a seamless appearance and experience for your customers. Up-keeping on your line striping helps the flow of your lot and the safety for everyone traveling through.

If you are looking to create the best first impression, contact American Asphalt Company for your complimentary parking lot assessment. American Asphalt Company is New Jersey asphalt manufacturer, commercial asphalt paving and parking lot maintenance company. With three asphalt plants in the South Jersey area, and two commercial parking lot maintenance and paving locations in New Jersey, American Asphalt is your full service asphalt company.

Due to COVID-19, office space vacancies have risen throughout the country and some companies have been forced to scale back. But not Marlton, New Jersey based Wolf Commercial Real Estate (WCRE); they moved in early March 2021 to larger headquarters and doubled their space. A full-service Philadelphia and South Jersey commercial real estate brokerage, advisory and property management services company, they are proud to announce their move to One Holtec Drive, Marlton, NJ. The firm specializes in office, retail, medical, industrial, and investment properties in the Greater Philadelphia region, Southeastern Pennsylvania, Northeastern Pennsylvania, the Lehigh Valley and Southern New Jersey.

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Bucking the trend in office space vacancies, Managing Principal and Founder Jason Wolf is proud of WCRE’s ability and need to move. He explained,

“Our move is an indication of our belief in the future. While we have all struggled in so many ways through the Pandemic, we are feeling optimistic and see great potential in the market.”

Wolf is betting on the idea that, despite the downsizing that has occurred in response to the pandemic, the pendulum will swing back, and WCRE will be well-positioned to meet the anticipated demand for office space. He continued,

“We know that people thrive in an energized work environment, and collaboration breeds success. We embrace that philosophy fully.” Wolf adds more about future opportunities, and said, “What’s going to start happening over the next few years is flight to quality. Tenants in this market, especially post-pandemic, are looking for healthier, newer, inspired spaces to encourage their staff to return to the office.”

WCRE also takes great pride in their place in the community, as Wolf explains,

“This is our home, our mission, our work, and our play. Our community is growing, and we are part of that through our charitable arm – The WCRE Foundation. Our staff gets totally involved in our charities, and their commitment to helping others is a great demonstration of their dedication to our clients as well.”

The WCRE Foundation supports six local charities with strong personal connections to their employees. Bancroft, CARES Institute at Rowan University, the American Cancer Society, Susan G. Komen Foundation-Philadelphia, Samaritan New Jersey, and the Jewish Federation of Southern Jersey are the Foundations current beneficiaries. Each year, The WCRE Foundation hosts both a Celebrity Charity Golf Event and an Ice Hockey Event, that includes 6 Philadelphia Flyers Alumni playing in a competitive ice hockey game with donors and enthusiasts that support their mission. Flyers Alumni that have participated in past events include Brian Propp, John LeClair, Todd Fedoruk, Doug Crossman, Kjell Samuelsson, Andre Faust and Brad Marsh. Lou Nolan (Flyers Emcee) and Kerry Frasier (Retired NHL referee) are also involved each year.

WCRE oversees more than 200 properties, comprising 4.8 million square feet, and still embodies the values set forth when Wolf founded the company: integrity, quality, teamwork, and focus.

In addition to teamwork being a core pillar of the company’s philosophy, it resonates on another level with several of the staff members who are former collegiate and professional athletes. Brian Propp played for the Philadelphia Flyers, Ryan Barikian played college football at Towson, Mitchell Russell played national championship caliber lacrosse at Duke University, Sean Kelly played baseball for Rutgers University, Phil Costa played college football at University of Maryland and in the NFL for the Dallas Cowboys, and Michael Scanzano played college baseball for University of Pittsburgh and minor league professional baseball.

About WCRE

Built on keen market expertise and intensely personalized service, WCRE has been operating in Southern New Jersey and the Greater Philadelphia area since 2012. WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. They provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through intensive focus on clients’ business goals and their highly personal approach to client service, WCRE is creating a new culture and a higher standard, going well beyond handling property transactions and serving as a strategic partner invested in clients’ long-term growth and success.

WCRE’s innovative and analytical approach to the market, using SEO, digital media, blogging and a very strong social media presence, has cultivated a massive, highly engaged customer base with followings almost ten times those of some of their competition. Their unparalleled expertise and commitment to service has earned the trust of a broad array of clients, and the firm has been a five-time winner of the prestigious CoStar Power Broker Award, which recognizes the “best of the best” in commercial real estate.

WCRE’s South Jersey headquarters can be reached at 856-857-6300 and inquiries for the PA offices in both Philadelphia and King of Prussia may be directed to 215-799-6900.

Learn more about WCRE online at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at  southjerseyofficespace.com, southjerseyindustrialspace.com, southjerseymedicalspace.com, southjerseyretailspace.com, phillyofficespace.com, phillyindustrialspace.com, phillymedicalspace.com and phillyretailspace.com.

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Did you prepare your parking lot for winter? Most property owners neglect this because many property managers and commercial property owners are unaware of how the winter weather, salt and plowing can cause damage to their parking lot. Winter weather can wreak havoc on a commercial parking lot, specifically in our region. Harsh winter weather can and will wreak havoc on your asphalt parking lot. The best way to protect your parking lot from the freeze-thaw cycles that we experience is by having a preventative maintenance plan in place. When you add snow plowing and rock salt to an existing damaged parking lot, it will erode the asphalt and cause further damage.

It is always important throughout the year to conduct a physical inspection of your parking lot. When you notice signs of cracking, potholes, or the asphalt color looks faded, it is best to contact your asphalt parking lot service provider to assess the damage and devise a parking lot maintenance plan that suits your needs.

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3 Ways Prepare Your Parking Lot Post Winter

Crack Sealing: 

A part of preventative maintenance is to crack seal. Crack sealing prevents water from seeping into the sub-base. During the winter season, when water seeps into the cracks, the freeze thaw cycle will make the water expand and contract. The once small cracks can become potholes.

Undetected potholes may appear as snow and frost thaw. Many times, these damages are caused by snowplows or existing cracks hat have been affected by the freeze thaw cycle. It is imperative to seal cracks and fill potholes to prevent potential.

Asphalt Repairs:

Potholes can be repaired with hot mix asphalt in the fall months. Damaged asphalt is saw cut and removed, then the area is cleaned and prepared for the installation of new asphalt. When hot asphalt is unavailable, EZ Street high performance cold asphalt is a great alternative. This material works in cold temperatures, and can even be applied in water. Neglecting potholes, especially in the colder months, can be very dangerous. As the asphalt continues to break apart and the holes become larger and larger, this creates a safety hazard for both pedestrians and vehicles.

Inlet Repairs:

When water seeps into your inlets, the inside structure deteriorates. Salt and ice melt used in the winter months also washes into the storm drains, which further erodes the walls. To avoid a potential sinkhole, make sure your catch basins are structurally sound, the interior walls are parged, and the surrounding asphalt is intact.

To Prepare Your Parking Lot for Winter, contact the experts at American Asphalt Company to help address any immediate hazards. We will be able to provide a complimentary assessment of your parking lot and keep you within budget.

For more information on ways to prepare your parking lot for winter, contact:

Do you want to rent a commercial property for your business? If so, you need to make an important decision. It’s time to hire a commercial real estate broker to help you locate an ideal spot for your company. Here’s a deep dive into how to work alongside your broker successfully.

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What Does a Commercial Real Estate Broker Do?

There are a few similarities between commercial and residential real estate brokers. If you’ve ever purchased a house with a broker, you know they guide buyers through the process from start to finish. These professionals are licensed by the state to perform various tasks, including finding properties and negotiating sales.

That’s the same for every broker, no matter what they sell. However, you should know that commercial brokers tend to work with multiple parties since more people are involved in these sales. It’s also standard for commercial brokers to know their clients’ financial situation so they can prioritize their bottom line.

Essentially, you hire a commercial broker to find a property that aligns with your company’s needs, wants, and goals.

Reasons to Hire a Commercial Real Estate Broker

It’s smart to hire a broker for many reasons. If you’ve never rented a space for your business before, you might not know how to navigate the process alone. That’s a thought many people have before they rent a property. Let’s take a look at how a broker will help.

1. Negotiate Terms
Are you a natural negotiator? If not, you’re certainly not alone. Many savvy business owners don’t feel like they can negotiate successfully. These professionals will consider your finances as they review rent prices and other fees. Additionally, they might negotiate points like parking, utilities, and more. That’s all to arrive at a better agreement between you and the landlord.

2. Evaluate Leases
You need to fully understand lease agreements before you sign one. This space will be under your business’s name. If you need someone to help you evaluate leases, your broker can assist. That’s a bonus when you might look at two or three agreements in one week.

3. Market Knowledge
If you’ve rented commercial space before, you know you have to look far and wide to find properties that are both quality and affordable. Brokers can access listings that might not be available publicly. It’s essential to consider more than one rental so you can get the best deal. As a result, you can benefit from their market knowledge. These are only a few reasons why brokers can be helpful when you want to find commercial rental properties.

What to Remember When You Hire a Commercial Real Estate Broker

These professionals have various advantages that make them worth every penny. However, you might be curious about how to “use” your broker effectively. After all, you don’t want to pay someone who doesn’t meet your expectations.

Take a look at what you can do to work with your broker correctly.

1. Make a Checklist
Do your best not to expect your broker to read your mind. This individual won’t know your needs, wants, and goals unless you communicate with them. If your company requires a commercial garage door, for example, you need to jot down that point, as well as any special features that you need from it. These details will allow your broker to find the best location for you as quickly as possible.

Set a meeting with your team to determine what your rental space needs to look like. Consider everything from bathrooms to storage to location. Be sure to outline your budget, and don’t forget outdoor space, too.

Do you need a highly visible spot for advertising? Take every point into consideration.

2. Conduct Enough Research
It’s smart to choose a broker who specializes in your industry. If you own a coffee shop, you don’t want to work with someone who’s only rented office buildings. That’s where research comes in handy. Do your best to find an individual broker or entire brokerage for your specific situation.

How do you know whether a broker will be a good fit? Ask them to discuss their recent transactions. If you see they’ve had success with companies similar to yours, you’ve probably found someone who can help. It’s always important to ask for referrals, too. Call any references to discuss their strengths and weaknesses. Keep in mind you might have to interview several brokers before you find a connection with one. It’s essential to plan ahead so you have enough time. Otherwise, you’ll likely feel rushed and overwhelmed.

3. Don’t Sit Back
There are times when your broker will need to “take the wheel,” such as when you want to negotiate lease terms. This point doesn’t mean you should check out entirely. It’s still important for you and your partners to be involved. If you don’t know what happens throughout the process, you’ll inevitably run into obstacles later. Nominate someone from your company to visit rental properties and attend related meetings when you don’t have time.

4. Always Ask Questions
Don’t be afraid to ask questions and offer comments. It’s your business’s space, so you need to have the final say. If you’re curious about something during the search, you should be vocal. It’s key to trust your broker, but you don’t want to let things slide that might affect your prospects.

5. Look at All Options
However, you also need to consider every broker you come across. Don’t limit yourself to whichever broker you find first. If your friend recommends a specific professional, you should certainly speak with them — but you don’t want to pick them just because you got a recommendation.

Be sure to look at multiple brokers in your area. There’s a chance you’ll find someone along the way who meshes with your company better than anyone you interviewed beforehand. It’s always smart to cast a wide net. These tips will help you build a strong relationship with your broker so you can find an ideal commercial rental space.

Use These Tricks to Build a Relationship With Your Commercial Real Estate Broker

It’s not always an easy process to find a commercial property for your business. Fortunately, you can hire a real estate broker to help. Be sure to use these tips to form a successful relationship with whoever you choose. This way, you can find the best possible space.

Rose Morrison is a residential and commercial real estate writer and the managing editor of Renovated. To see more of her work visit: https://renovated.com/