Page 16 - RE-NJ

14 WINTER 2025
DEAL
SHEET
INDUSTRIAL
2020 ACQUISITIONS leased a
combined 878,538 square feet at
Central 9 Logistics Park, a planned
nine-building, 4.2 million-square-foot
development along Route 9 in Old
Bridge, to Linktrans, JD Logistics
and KCL Fulfi llment. Cushman &
Wakefi eld’s Mindy Lissner, David
Gheriani, Morgan Nitti, Michael
Ugarte, Bill Waxman and Jeff
Volpi represented ownership.
Chuck Fern and Jimo Liu, also of
C&W, represented Linktrans and
JD Logistics, respectively, while
Kidder Matthews represented KCL
Fulfi llment.
TERRENO REALTY CORP. sold 130
Interstate Blvd., a 603,000-square-
foot property in South Brunswick,
for $144.2 million.
TURNBRIDGE EQUITIES acquired 138
Georges Road, a 143,280-square-
foot facility in South Brunswick’s
Dayton section, for $23.75 million.
Emanuel Westfried of Two Bins
Capital arranged the sale, while
Chris Murphy and Thomas Garlick of
Murphy Schiller & Wilkes LLP acted
as local land use and zoning counsel.
THE SILVERMAN GROUP signed a
113,550-square-foot lease renewal at
1578 Sussex Turnpike in Randolph
VELOCITY VENTURE PARTNERS
leased a combined 110,000 square
feet at 2572 Brunswick Pike in
Lawrence Township to WORLDPAC
LLC, Express Logistics and
iApparel Brands LLC. Newmark’s
Rob Loderstedt and Kyle Eaton
represented ownership.
SUMMIT ASSOCIATES INC. leased
88,620 square feet at 117 Sunfi eld
Ave. in Edison to a freight
forwarding and logistics services
business. Claudia Ganas, Monica
Franco and Ana Carolina DeAraujo
of Lee & Associates – WBE New
Jersey represented the tenant.
HELLER INDUSTRIAL PARKS leased
50,000 square feet at 240 Mill
Road in Edison to Cangso Global
Inc. Lee & Associates’ Jianning
Meng represented the tenant, an
ecommerce fulfi llment fi rm.
CHS PROPERTY DEVELOPMENT
leased 50,000 square feet at 2500
Brunswick Ave., a seven-building,
208,000-square-foot complex in
Linden, to Xhongxin WWH Inc.
Jordan Metz, Benito Abbate and
James Friel of Bussel Realty Corp.
represented the landlord, while
ACRE NJ LLC represented the
tenant.
BUDD DEVELOPMENT CO. leased
42,000 at 5 Wheeling Road in South
Brunswick’s Dayton section to
Core & Main LP. Stephen Nozza of
Bussel Realty Corp. represented the
landlord, while CBRE represented
the tenant, a specialized distributor
of water, wastewater, storm drainage
and fi re protection products and
services.
SITEX GROUP leased 160 Essex
Ave. East., a fi ve-acre parcel with
a 40,000-square-foot warehouse
and logistics facility in the Avenel
section of Woodbridge, to Lion
Transportation.
GENESIS purchased 173 Amboy
Road, a 21,000-square-foot building
on 4.8 acres in the Morganville
section of Marlboro, for $6.9 million.
CBRE’s Liam McGregor, Mark
Silverman, Brian Fiumara and Elli
Klapper represented the buyer.
A local business acquired 289 Main
St., a 14,000-square-foot commercial
building in Hackettstown, for $1.45
million. Sheldon Gross Realty’s Eric
Weston represented the buyer.
A private investor purchased 827-
833 Bond St., a 10,735-square-foot
warehouse in Elizabeth, for $1.4
million. Yanni Marmarou and Jack
Drillock of Investment Property
Realty Group represented the seller.
RICHARDS & ROBBINS leased
7,260 square feet at 311 Route 46,
a 65,000-square-foot property in
Fairfi eld, to an undisclosed tenant.
Resource Realty of Northern New
Jersey’s Greg Sabato represented the
landlord.
OFFICE
COLUMBIA PACIFIC ADVISORS LLC
leased 122,525 square feet at 103
John F. Kennedy Parkway in the
Short Hills section of Millburn
to Selective Insurance. Timothy
Greiner, Dan Ligorner and Mike
Pietrowicz of JLL represented
ownership, while Cushman &
Wakefi eld’s David DeMatteis, Robert
Rudin, Jan Randall and Christina
Magill represented the tenant.
SIXPAD REALTY LLC leased 4,973
square feet at 5 Becker Farm Road,
a 121,667-square-foot building in
with Unette. CBRE’s Kevin Dudley
and Marc Trevisan represented the
tenant, an FDA-approved contractor
specializing in fi lling liquids, creams
and pastes into bottles, jars, tubes
and single-use packages.
LAWRENCE LOGISTICS URBAN
RENEWAL LLC leased 111,374
square feet at 40 Enterprise Ave.,
a 261,646-square-foot building in
Lawrence Township, to iApparel
Brands. Avison Young’s JC Giordano,
Timothy Cadigan, Matthew Turse
and Stephen Gianis represented both
parties.
Transformative Projects
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Our Mark.
Industrial | Multifamily and Other Residential | Infrastructure
Healthcare and Education | Mixed Use
Realizing Our Clients’ Visions
Our clients are spearheading billions of
dollars in investment that will transform
New Jersey’s brownfi elds, cities, and
waterfronts. The Gibbons Real Property
Group handles high-profi le, regionally
signifi cant real estate transactions,
developments, and redevelopments in
virtually every part of New Jersey.
Providing Full Service for
Real Estate Projects
• Purchases and Sales of Real Estate
• Complex Real Estate Financing
• State and Local Land Use Permitting
• Redevelopment Approvals
• Public/Private Infrastructure
Counseling
• State and Local Economic Incentives
Making Our Mark.
YOUR LEGAL PARTNER SINCE 1926.
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Gibbons P.C. is headquartered at One Gateway Center, Newark, New Jersey 07102. Prior results do not guarantee similar
outcomes. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
Roseland, to National Council
of Jewish Women, Essex County
Section. NAI James E. Hanson’s
Andrew Somple and Jessica Curry
represented the tenant.
DESIMONE & KELLEY ORTHODONTICS
leased 1,143 square feet at
Pennington Point West, a
15,000-square-foot property at 2 Tree
Farm Road in Pennington. Al Toto of
Commercial Property Network Inc.
arranged the deal.
WOODMONT PROPERTIES leased an
undisclosed space at Professional
Plaza, a 42,000-square-foot building
at 3155 Route 10 in Denville, to a
health care services provider. Brian
Wilson and Greg Sabato of Resource
Realty of Northern New Jersey
represented the landlord.
RESIDENTIAL
A joint venture led by TOLL
BROTHERS APARTMENT LIVING sold
The Morgan at Provost Square, a 417-
unit apartment tower at 160 Morgan
St. in Jersey City, to Rockpoint.
JLL’s Jose Cruz, Michael Oliver,
Steve Simonelli, Ryan Robertson,
Elizabeth DeVesty and Austin Pierce
represented the seller.
HYPERIONMFP PARTNERS purchased
The Centre, a 314-unit multifamily
property at 1 Towne Centre in
Cliffside Park, for $165 million.