Page 15 - RE-NJ

Commons, a 92,461-square-foot
complex at 600 Commons Way
in Bridgewater, to Urban Edge
Properties for $54.3 million. JLL’s
Kevin O’Hearn, JB Bruno and Jose
Cruz represented the seller.
CS PARAMOUNT HOOPER LLC
signed leases at Bey Lea Plaza, a
79,000-square-foot center at 1030
Hooper Ave. in Toms River, with
Sprouts Farmers Market and Boot
Barn. RIPCO Real Estate’s Steven
Winters and Mike Horne represented
ownership.
RH OUTLET leased 50,700 square
feet at 200 IKEA Drive in Paramus.
Ed Vasconcellos and Vanessa
Kelty of Levin Management Corp.
represented the landlord, while
RIPCO Real Estate’s Curtis Nassau
and Patrick Brake represented the
tenant.
AF LLC sold 700 North 2nd St., a
33,841-square-foot center in Millville,
to YK Millville LLC for $2.4 million.
Alan Sussman of A.J. Sussman Co.
represented the seller.
A private investor purchased Mount
Holly Marketplace, a 9,730-square-
foot property at 305 Rancocas Road
in Mount Holly, for $2.8 million. Matt
Weilheimer of The Kislak Co. Inc.
represented the seller.
A national investor sold Chapel Hill
Shops at Jackson, an 8,000-square-
foot center at 305 Whitesville Road in
Jackson. Marcus & Millichap’s Chez
Eider represented the seller.
ELITE PROPERTIES leased 4,749
square feet at Cedar Glen Shopping
Center, a 108,000-square-foot
property at 3150 Route 22 in
Branchburg, to Unbound Golf.
Silbert Realty & Management
represented ownership.
MILELLI MARLTON LLC leased 3,200
square feet at 701 Route 70, a
40,000-square-foot strip center in
the Marlton section of Evesham
Township, to SETS Hybrid Training.
Chandler Vanderbeek and Connor
Vanderbeek of Bussel Realty Corp.
represented the tenant, a fitness and
conditioning studio.
A franchisee of Stretch Zone leased
1,546 square feet at Livingston Town
Center, a 65,523-square-foot property
in Livingston. Kevin Pelio of Azarian
Realty Co. and Vinny Chawla of
™ 13
Joseph Ridolfi & Associates LLC
represented the landlord and tenant,
respectively.
The Arvin family sold 3523 Route
22, a 5.86-acre property with a
6,468-square-foot restaurant building
in Readington, for $3.2 million.
Deluccia Commercial Group’s Tim
Deluccia represented the seller.
FINANCE
OAK FUNDING and OAK NORTH BANK
provided an $80 million refinancing
loan to Rubenstein Partners LP
and Vision Real Estate Partners
in connection with Latitude, a
two-building, 700,000-square-foot
office campus at 369-399 Interpace
Parkway in Parsippany. Cushman
& Wakefield’s Chuck Kohaut,
Brad Domenico, David Bernhaut,
Alexander Hernandez, Frank
Stanislaski, Bill Baunach and Jack
Subers arranged the transaction,
which includes upfront funding of
$55 million and an additional $25
million in future advances.
PROVIDENT BANK originated
construction and bridge financing to
Shadowbrook Capital, the developer
of a 709-unit self-storage facility at
35 Bedle St. in Hillsborough. JLL’s
Michael Klein, Nazario Paragano
and Michael Donohoe sourced the
five-year loan on the borrower’s
behalf. RE
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