Northmarq’s Asher Wenig and Jason Maier recognized in MAREJ’s Best of 2022
NEW YORK CITY, NEW YORK (March 28, 2023) — Asher Wenig, senior vice president, and Jason Maier, senior vice president, in Northmarq’s New York office have been awarded the Largest Office Sale (Wenig) and Largest Retail Acquisition (Maier) for the Mid Atlantic Real Estate Journal’s Best of 2022. The annual edition features the largest developments, major financial transactions, largest office, retail, and industrial transactions, most unusual architectural and construction projects of 2022.
Senior Vice President
The Largest Office Sale, Groundworks HQ, is a 45,061 sq. ft. office property located in Virginia Beach, Virginia. The office is fully leased to Groundworks, the nation’s leading and fastest-growing foundation and water management solutions company. Wenig represented the buyer, who acquired the asset for approximately $8.7 million. “In this market, cash is king,” said Wenig. “We were successful in negotiating a healthy yield for our client who also has the upside of bifurcating the parcel to develop a mirrored building in a strong and growing market.” Read more about the Groundworks HQ transaction.
Senior Vice President
MAREJ’s Largest Retail Acquisition of 2022 was a $26.8 million Whole Foods Market in Towson, Maryland. Maier represented the 1031 exchange buyer in the acquisition of the 63,750 sq. ft. property. “This new mixed-use development project has converted the entire downtown area, bringing new student housing, vibrant retail with national tenants, hotels and of course this new trophy Whole Foods, which anchors the entire development and brings enormous traffic to the Towson community,” said Maier. Read more about the Whole Foods transaction.