Page 17 - RE-NJ

LAYNA INVESTMENTS LLC sold
Lincoln Manor Apartments, a 68-unit
property at 448-458 Lincoln Ave. in
Orange, to FM Equities for $10.73
million. Berkadia’s Nat Gambuzza
and Tim Blashford represented the
seller.
GARWOOD ASSOCIATES LP sold
Stephanie Gardens, a 36-unit
apartment building at 72 3rd Ave. in
Garwood, to Garwood Gardens LLC
for $6.6 million. Robert Holland and
Jeff Squires of The Kislak Co. Inc.
represented the seller and procured
the buyer.
An investor purchased a portfolio
of 15 apartments and commercial
space at 156-164 University Ave. and
53-55 Bleeker St. in Newark for $5.3
million. Yanni Marmarou, Andrea
Nestico and Homer De Leon of
Investment Property Realty Group
brokered the sale.
A private investor purchased 61-63
Ocean Ave., a fi ve-unit residential
building with ground-fl oor retail
space in Jersey City. Chris Cervelli
and Gary Baez of Cervelli Real
Estate & Property Management
brokered the sale.
RETAIL
SITE CENTERS CORP. sold Edgewater
Towne Center, a property with 76,525
square feet of retail space and 64
apartments at 905 River Road in
Edgewater, for $53.2 million. JLL’s
Jose Cruz, Kevin O’Hearn and J.B.
Bruno represented the seller.
A private investor acquired Village
Square Plaza, a 53,077-square-foot
center at 510-590 Lawrence Square
Blvd. in the Lawrenceville section
of Lawrence Township, for $11.35
million. Marcus & Millichap’s Alan
Cafi ero and Brent Hyldahl arranged
the sale.
A private investor purchased
Baldwin Shopping Center, a
45,135-square-foot property at 190-
200 Baldwin Road in Parsippany, for
$18.5 million. Marcus & Millichap’s
Alan Cafi ero, David Cafi ero and John
Moroz represented the seller and
procured the buyer. Bill Schlossman
of Castle Real Estate Services
assisted the seller on the listing side
of the transaction.
BOUNCE AIR ADVENTURE PARK leased
21,000 square feet at Rutgers Plaza,
a 268,000-square-foot property
at 940 Easton Ave. in Franklin
Township. Ed Vasconcellos of Levin
Management Corp. and Robert Elbaz
of Sholom & Zuckerbrot Realty
represented the landlord and tenant,
respectively.
A local investor purchased 385
McLean Blvd., a 12,892-square-
foot strip center in Paterson, for
$5.25 million. Alan Cafi ero, David
Cafi ero and John Moroz of Marcus &
Millichap represented the seller and
procured the buyer.
ZELL-SOBEL PROPERTIES LLC sold a
10,427-square-foot condominium at
525 South Route 73 in the Marlton
section of Evesham Township
to Route 73 LLC, the owner of
a dermatology practice. Wolf
Commercial Real Estate’s Bethany
Brown represented the seller.
MAXIM ENTERPRISES leased 10,000
square feet at 271 Livingston St. in
Northvale to the Academy of Dreams
Gymnastics. The Goldstein Group’s
Lew Finkelstein, CJ Huter, Marc
Palestina and Roy Paret represented
both parties.
PRISM CAPITAL PARTNERS leased
a combined 5,825 square feet at
ON3, a mixed-use campus on Route
3 in Clifton and Nutley, to Chase
and Chipotle. RIPCO Real Estate
represented the landlord, while
The Goldstein Group and Newmark
represented the respective tenants.
A local investor purchased 345 Union
Blvd., a 4,950-square-foot property in
Totowa, for $2.235 million. Marcus
& Millichap’s Alan Cafi ero, David
Cafi ero and John Moroz represented
the seller and procured the buyer.
KUSHNER leased 4,500 square feet
at Monmouth Square, a mixed-use
property in Eatontown with 990,000
square feet of retail and restaurant
space, to Felice. BOND Retail
Partners represented ownership.
LANDMARK OAKLAND 24 LLC leased
4,500 square feet at 24 West Oakland
Ave. in Oakland to McDonald’s.
Laurence Leibowitz and David
Zolotorofe represented the landlord,
while The Goldstein Group’s
Chuck Lanyard and Marc Palestina
represented the tenant.
PRISM CAPITAL PARTNERS leased
3,800 square feet at The Nell, a
™ 15
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