Binswanger Announces The Maksin Group to Relocate to the Ferry Terminal Building in Camden, New Jersey.

PHILADELPHIA -- Representing the lessor, Steiner + Associates, Binswanger is pleased to announce that The Maksin Group has signed a full-floor, 10-year, 25,000 sq. ft. lease and will relocate their corporate headquarters to the Ferry Terminal Building in Camden from nearby Pennsauken.

Specialists in third-party student insurance, the company will move their 150-employee operation to the 100,000 sq. ft., Class "A" office building in July 2008. Maintaining an option to buy the waterfront property -- the first privately funded, new office building in Camden since the 1950's -- The Maksin Group will occupy the 2nd floor of the $20 million, state-of-the-art structure which is currently 60% leased.

The Ferry Terminal Building was completed by the Columbus, OH based Steiner + Associates in July 2007 and consists of three floors of office space and ground floor restaurant and retail space. Maksin is the second major tenant at the Ferry Terminal Building, as Susquehanna Patriot Bank moved its headquarters into the facility in October with a similar 25,000 sq. ft., full-floor lease. Susquehanna is the first financial institution to be based in this city in more than two decades.

"The development of the building by Steiner has now attracted two strong and growing businesses to make Camden their corporate headquarters," says Tom Corcoran, president of the Cooper's Ferry Development Association. "This is a sign of confidence in Camden's long-term viability."

A catalyst in the revitalization of the Camden waterfront, the Ferry Terminal Building has paved the way for future development opportunities, such as the construction of a 135-room hotel, up to 400,000 sq. ft. of additional office space and approximately 500 new housing units.

With spectacular, unobstructed views of the Delaware River and Philadelphia, the building is situated among popular waterfront attractions and benefits from an unmatched incentive program including rebates on all state taxes for up to 10 years and cash grants of up to $15 per sq. ft., as well as a myriad of other programs. It is adjacent to the Adventure Aquarium, RiverLink Ferry (terminal on site), River Line light rail system and the Benjamin Franklin Bridge, plus there is convenient access to US Routes 30, 38, and 70, Interstates 76 and 676 and the PATCO Speedline.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.