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The Court at Deptford

The Court at Deptford

Positioned in the epicenter of retail in the market, The Court at Deptford located in Deptford Township, NJ is a shining example of what is possible when real estate value creators are determined to unlock the true potential of their assets. Acquired back in 2014, the 362,000 SF open air value oriented shopping center was struggling with an occupancy rate of only 34 percent. With a prime location in a very strong market, this center was an ideal candidate for a renovation program that included major redevelopment and remerchandising efforts. The DLC Leasing, Construction and Management teams collaborated to turn problems into possibilities. The scope of this extensive multi-million dollar renovation project included a complete façade modernization, new roofing, parking lot improvements, LED lighting work to sidewalks and streetscape enhancements. Additionally, a creative leasing strategy was put in place to bring in a diverse mix of both national and local retailers to serve the best interests of the community.

Currently the center boasts an occupancy rate of 92% and has a robust mix of retail and service providers including food & beverage tenants and specialty retailers such as Burlington, Hobby Lobby, Ashley Furniture Outlet, Shoe Carnival, Kirkland’s, Kids First Swim School, Red Lobster, Olive Garden, Pier 1 Imports, European Wax, Launch Trampoline Park and more. This strategic effort helped revive the center into a popular destination where families can dine, shop and even take a swimming class, all in one location.

“When we first acquired the center we saw a lot of potential to add value and become a major player in the trade area. And I’m happy to say we’ve done just that.” – Chris Ressa, Executive Vice President & Chief Operating Officer DLC Management Corp.

Speakers and Panels

Camden's Revival

Nick Cangelosi

Nick Cangelosi

SVP

The Michaels Organization

Janine Owens

Janine Owens

Chief Development Director, Camden

Confier Realty

Joe Myers

Joe Myers

COO

Cooper’s Ferry Partnership

Phil Borst

Phil Borst

Founding Principal

Scungio Borst & Associates

Louis Cappelli, Jr.

Louis Cappelli, Jr.

Freeholder Director

Camden County

Greg DiBona
Moderator

Greg DiBona

Associate

Bohler Engineering

Nick Cangelosi

SVP

The Michaels Organization

Mr. Cangelosi serves as Senior Vice President of Development for The

Michaels Organization and is responsible for all aspects of

development activity including acquisitions, planning, land use

approvals, and development financing. Mr. Cangelosi concentrates

his development activities in New Jersey, Pennsylvania, New York,

Delaware, and Connecticut.

Mr. Cangelosi has over 12 years of experience in structuring real estate transactions,

particularly those that combine low-income housing tax credits, historic rehabilitation tax credits, HOME, CDBG, Choice Neighborhoods Implementation Funds, with other state, county, local, and private financing sources. Mr. Cangelosi has led award-winning development efforts on over 1,600 affordable housing units with more than $600M in investments, in projects including adaptive historic redevelopment, multi-phase townhomes, and midrise senior buildings.

Prior to joining The Michaels Organization, Mr. Cangelosi served as Project Director for

Conifer Realty, LLC where he contributed to the development of over 870 Low-Income

Housing Tax Credit rental units in New Jersey and Pennsylvania and assisted in raising

approximately $250 million to finance such effort. Mr. Cangelosi also worked with the

Camden County Improvement Authority as Senior Project Coordinator where he managed the financing and development for various governmental and private stakeholders. Mr. Cangelosi holds a Bachelor of Arts Degree from Georgetown University and completed coursework within Rutgers University’s Master of Business Administration program. Mr. Cangelosi is a licensed real estate associate in New Jersey and Member at Urban Land Institute of Philadelphia/South Jersey. In November of 2018, Mr. Cangelosi was recognized as a national finalist for ‘One to Watch’ Multifamily Pillars of the Industry Awards by the National Home Builders Association.

Joe Myers

COO

Cooper’s Ferry Partnership

Joe Myers was born and raised in Riverton, NJ. He attended Trenton State College in

Ewing, NJ and graduated with a bachelor’s degree in political science; and attended

graduate school at the University of Pennsylvania where he obtained two masters in two

years (masters of government administration from the Samuel Fels Center of Government

and masters of arts in political science).

In 1999, Mr. Myers immediately started working as a graduate intern at Cooper’s Ferry

Partnership (formerly Cooper’s Ferry Development Association) - a private non-profit

corporation dedicating towards revitalizing Camden City. Upon graduation in the spring

of 2000, Mr. Myers started employment as a full time project manager. His project

portfolio included: financial closeout of the $9 million Camden Children’s Garden;

design and construction of $4.5 million roadway infrastructure around Adventure

Aquarium called the Waterfront Roads Phase One; design and construction of $4 million

(state and federal funds) roadway infrastructure north of the Adventure Aquarium called

the Waterfront Roads Phase Two; design and construction of $1.9 million (state and

private funds) children’s fountain park called Aquarium Fountain Park; $400,000

streetscape and signal upgrade project in the downtown (Second Street Streetscape

Improvement Project); annual landscaping and maintenance project in the downtown

waterfront; a neighborhood infrastructure assessment; traffic studies; and several

environmental investigative and remediation of brownfield sites.

In 2009, Mr. Myers was promoted to vice president of operations where his portfolio

included the oversight of $4 million of an annual operating budget and a multi-million

dollar special project budget (which includes planning, design, and/construction of a

variety of projects using local, county, state, and federal funding). As part of this, Mr.

Myers currently manages a staff of fourteen professionals; coordinates the organization’s

foundation portfolio; and oversees several outside professional service contracts,

including insurance, legal, engineering, governmental affairs, public relations,

accounting, and auditing in addition to our annual consulting contract with the Parking

Authority of Camden City.

Mr. Myers lives in Bordentown City with his wife and two kids.

Louis Cappelli, Jr.

Freeholder Director

Camden County

Freeholder Director Louis Cappelli, Jr. has been a public servant for over thirty years. He is married to Laura and has seven children. Lou has been a practicing attorney since 1987.

After serving on the school board in his hometown of Collingswood for six years, Lou spent another 10 as borough commissioner. He was first elected to the Camden County Board of Freeholders in 2003, and has been its director since 2006.

Lou’s legal acumen is at the root of a decade-plus tenure with the body, through which he has driven key public policy changes in finance, public health, and public safety issues.

While helping to spur on economic redevelopment in Camden County, Lou has also seen to the safety of its residents, building the Camden County Police Department while leveling some 600 unsafe structures in Camden. Under Lou, the county has upgraded its emergency 9-1-1 system, and merged its mental health and substance abuse programs. The Freeholder Director has also championed the use of life-saving Naloxone as a component of a comprehensive anti-opioid strategy.

Lou is partner in the law firm of Florio, Perrucci, Steinhardt & Cappelli, LLC. since 2008. He serves on the board of the Delaware Valley Regional Planning Commission and is a member of the Greater Camden Partnership. Accolades for his career of county government service include having been named 2011 “Freeholder of the Year” by the New Jersey Conference of Mayors, being awarded the South Jersey Freeholder’s Associations Southern Star Award in 2012, and being named the 2015 Public Sector South Jerseyan of the Year by the Walter Rand Institute for Public Affairs at Rutgers University-Camden.

The Future of CRE in South Jersey

David Ginsberg

David Ginsberg

Senior Project Director

WinnDevelopment

Joel Bergstein

Joel Bergstein

President

Lincoln Equities Group

John Longacre

John Longacre

President

LPMG Companies

Chris Ressa

Chris Ressa

EVP & COO

DLC Management

Joel Bergstein

President

Lincoln Equities Group

Joel Bergstein is the President of Lincoln Equities Group (LEG), one of the Northeast's leading full-service real estate companies.

Bergstein joined the company more than 32 years ago, spearheading the organization’s acquisition and development initiatives. He currently leads the firm’s large scale development platform, orchestrating major residential and industrial land development projects in the New York / New Jersey metro area.

Bergstein developed LEG’s current operating partner platform, leveraging domestic and international opportunities with private equity and pension funds. Bergstein is a founding partner and active participant in LEG’s $700M European property investment platform.

Some of his standout development projects include Halletts Point in Astoria, NY, where LEG transformed a seven acre waterfront site into 2,400 residential apartment units; 5 Giralda in Madison, NJ, a 431,000 square-foot property, that was modernized to become Allergan’s U.S. headquarters; and in early 2018, LEG closed on a 152 acre waterfront site in Bayonne, NJ, where 1.4M square-feet of e-commerce logistics warehousing will be developed to bolster trade with the Port of New York and New Jersey.

Lincoln has formed a partnership with Bruce Eichner’s Continuum Company to develop a mixed-income residential complex in Crown Heights, NY. It will be a 50/50 market and workforce development project to bring hundreds of needed housing units for middle and working class families in New York City. Bergstein is also leading the development and approval process for 1,500 new residential units in Jersey City including the construction of a light rail station.

Bergstein serves on numerous real estate advisory boards and is a speaker and frequent commentator in real estate trade and business media in addition to his philanthropic work.

John Longacre

President

LPMG Companies

A native of Philadelphia and a Temple University graduate, John is committed to revitalizing the city we all love. John was first exposed to large scale development initiatives through an internship in the Rendell Admin. in the mid-90’s. During this time he became consumed with the idea that smart economic development initiatives are the key to not only sustaining the region, but advancing it. After losing a race for City Council, he realized that urban revitalization efforts did not have to come strictly at the hands of government, but were achievable through the private sector, with smart development and community buy in – and so, LPMG was born.

Chris Ressa

EVP & COO

DLC Management

Chris Ressa joined DLC in 2007. As Executive Vice President and Chief Operating Officer, Mr. Ressa is responsible for overseeing all tenant facing operations including leasing, property management, construction and marketing on all DLC owned and third-party managed assets. During his tenure at DLC, his relationships, leasing ability, and leadership have led to numerous successful repositioning of assets. His most notable leasing transactions have included deals with TJX, Ross Dress for Less, Burlington, Dick’s Sporting Goods, The Kroger Company, Best Buy, Ulta, LA Fitness and Planet Fitness.Prior to coming to DLC, he worked for Ashkenazy Acquisitions as a Regional Leasing Manager

responsible for all new and renewal leases in a portfolio of approximately 3.5 million square feet of retail real estate including regional malls, grocery-anchored centers, power centers, and street retail. His career started at The Sherwin-Williams Company as a Real Estate Manager handling existing store

renewals, and new stores in the Eastern Division Region. In addition to new store real estate, Mr. Ressa’s role involved handling the real estate for district/regional offices as well as warehousing locations for Sherwin-Williams. Mr. Ressa received a BA in economics from Rutgers University in 2005. Mr. Ressa is an active member of the ICSC, received his CLS (Certified Leasing Specialist) in 2010 and in December 2012 became a member of the ICSC CLS Committee.

Summary

1. Is Camden’s office boom having a negative impact on the rest of South Jersey?

 2. Schulson restaurants in Camden? A few years ago, some would have laughed at that idea, but now it’s a reality. What opportunities are driving investment in Camden? 3. Cherry Hill remains the prize retail submarket of South Jersey, being the only one to post positive absorption over the past year. How has Cherry Hill differentiated itself from the rest of the region?  4. Last summer the Hard Rock and Oceans Resort opened. Is this casino boom the push Atlantic City needed to get back on track?  5. Which asset classes are primed to see the largest margins of growth in 2019?

Venue

The Court at Deptford
1500 Almonesson Rd
Deptford Township, NJ 08096

Space B3A (Between Ross Dress For Less and Shoe Carnival)

Floor: 1st


Parking: Free self parking in the lot in front of the building 

Agenda

Time Activity
11:30 AM
12:30 PM
Coffee, Breakfast, & Networking!
12:30 PM
1:15 PM
Camden's Revival
1:15 PM
2:00 PM
The Future of CRE in South Jersey

Is Camden's boom having a negative impact on submarkets and what is in store for Atlantic City?

2:00 PM
2:30 PM
More Networking!

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