ABOUT US

FOUNDER

Jerald Batoff completed his first development in 1993 and soon after, Midlantic Real Estate Inc. was born. In 10 years, Midlantic Real Estate has developed more than 40 properties of over one million square feet and is still rapidly growing. Mr. Batoff has over 16 years of legal experience. He specializes in real estate, government affairs and land use approvals. His extensive experience in the areas of permitting, appeals to zoning boards and courts and real estate tax appeals, as well as handling negotiation of leases, agreements of sale, loan documents and partnership agreements has earned him consideration as one of Philadelphia's top real estate attorneys. He has been a partner at Obermayer Rebmann Maxwell & Hippel LLP, a full service law firm headquartered in Philadelphia, with offices in Harrisburg and Pittsburgh, Pennsylvania, Cherry Hill and Vineland, New Jersey and Wilmington, Delaware. Jerald Batoff serves and has served at the pleasure of various Governors of the Commonwealth of Pennsylvania and Mayors of the City of Philadelphia in various positions including the City of Philadelphia Board of Licenses and Inspections Review, the City of Philadelphia Municipal Authority, and the Pennsylvania Economic Development Financing Authority. He has been involved in numerous political campaigns including chairing many fundraising events and serving on various financing committees, as well as transition teams for the Honorable Mayor Edward G. Rendell and the Honorable Mayor John F. Street.

COMMERCIAL DEVELOPMENT

Our developments range from single tenant commercial stores, restaurants, and gasoline stations to multi anchored 300,000 square foot shopping centers. The properties include major national tenants such as Home Depot, Shop Rite Supermarkets, CVS Pharmacy, Rite Aid Pharmacy, Radio Shack, Blockbuster Video, Hollywood Video, Autozone, Dunkin Doughnuts, Joyce Leslie, Charming Shops, Dots, Gamestop, many area Banks, and many independents. We own and manage individual stores ranging in sizes from 1,000 square feet to over 100,000 square feet. Our developments are located primarily in Eastern United States.

FAST PACED DEVELOPMENT

Since its inception, Midlantic Real Estate has made a reputation for completing projects in a timeframe far superior to many other competitors in and around the Philadelphia area. The Company focuses on working with the community to find the right tenants to blend with and make themselves part of the neighborhood. The special attention that we give to the communities and neighborhoods and the friendships that we have made in the process have enabled us to develop many projects in areas where many other companies and developers have failed.

CAPABILITIES

We have successfully demonstrated proficiency in all aspects of real estate development, including pro forma analysis, site acquisition, conceptual and master planning, selecting architects and contractors, government approvals, financing, construction management, leasing, and property management.

In our numerous ventures we continue to ensure the success of our developments through effective asset and Property Management. Midlantic Real Estate personnel use advanced, networked computer software to efficiently monitor property management and accounting activities and provide superior reporting.

FINANCING

We have arranged financing for the developments with Merrill Lynch, Wachovia, Teachers Insurance & Annuity Association, GMAC, Travelers Insurance, Key Commercial Group, The Bancorp Bank, Credit Suisse First Boston, Independent Mortgage Company, Residential Funding Group and Firstar Bank. Midlantic Real Estate, Inc. uses its own money for substantially if not all of the equity required for its developments.

CURRENT AND FUTURE PLANS

Our focus is on Eastern United States commercial real estate. We are developing our own projects with development and joint venture partners and acting as a fee developer for properties owned by others. We are interested in acquiring property for our own projects as well as consulting to other developers in all phases from acquisition to planning, all aspects of the approval process, finding the tenant to fit the development, architectural and engineering consulting, construction, and property management.

We at Midlantic Real Estate are always interested in looking at available property. Perhaps you are looking for a successful, experienced partner or developer, or if you have any questions about how our services can benefit you, please contact us at info@MidlanticRealEstate.com.

"BLOOMFIELD" Villanova, Pennsylvania (1919-1923)

Bloomfield is an estate in Villanova which is the suburban executive office of the Company Chairman, Jerald Batoff.

Bloomfield was designed by one of the most famous architects of the twentieth century, Horace Trumbauer. This renowned architect is most famous for the design of the Philadelphia Free Library, the Philadelphia Museum of Art and Harvard's classical Widener Library. He forged his reputation at the end of the nineteenth century due to his architectural design, construction, and renovation projects of grand homes that he designed for wealthy financiers and industrialists including the “Elms" in Newport Rhode Island. Bloomfield was inspired by the architecture of the Louis XV French chateaus of the mid 17th century, using similar building materials of limestone with Caen stone trim.

The ground floor of Bloomfield consists of a reception hall and a Louis XV style oak-paneled library at the center of the structure, flanked by a 45-foot long Louis XVI style ballroom and conservatory to the left, and a drawing room and sitting rooms to the right. The interiors were the work of Parisian decorator Lucien Alavoine, a frequent Trumbauer collaborator. Additional height and dignity is provided by the structure’s soaring sixty-foot slate roof that periodically is punctuated with decorative stone dormers that extend down below the cornice line. Overall, the chateau’s aristocratic bearing has an authenticity one comes to expect in the Mr. Trumbauer’s mature work. The setting was enhanced by an Olmsted Brothers naturalistic park that was augmented by a series of formal gardens immediately surrounding the structure which still remain today. Midlantic's Chairman, Mr. Batoff, has taken great pride in his historical renovation of Bloomfield.