Page 11 - 2021 Spotlight NJ's Top Law Firms

Solutions. Frank Recine, Derek DeMartino and Colleen Maguire of JLL represented ownership.
THE CENTER FOR PSYCHOLOGICAL TREATMENT AND ASSESSMENT leased 5,600 square feet at Bridgewater Plaza I, a 24,000-square-foot building at 250 Route 28 in Bridgewater. Marc Shein of NAI DiLeo-Bram & Co. represented both parties.
333 REALTY LLC leased 5,490 square feet at 65 Harristown Road, a 63,060-square-foot building in Glen Rock, to Eye Care Associates of NJ LLC. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented the tenant.
MGHC GROUP II LLC leased 4,582 square feet at 6 Mill Ridge Lane in Chester to CKW Wealth Management. NAI James E. Hanson’s Joseph Vindigni, Randy Horning and Darren Lizzack represented both parties.
ALFRED SANZARI ENTERPRISES leased 3,439 square feet at Heights Plaza, a 200,000-square-foot property at 777 Terrace Ave. in Hasbrouck Heights, to OceanFirst Bank. Barry Stafford and Matthew Kaufman of Consolidated Affiliates represented the tenant.
DR. FRANCK EUKSUZIAN leased 1,750 square feet at 133 Jackson Road
in Medford to Advocare. Vantage Commercial’s Ken Richardson and Emily Stein represented ownership, while Jeff Arnold represented the tenant.
RESIDENTIAL
LANDMARK COS. sold Imperial House Apartments, a 109-unit building at 750 North Broad St. in Elizabeth, for $21.3 million. Stephen Tragash and David Jarvis of Gebroe-Hammer Associates represented the seller.
DOVER HILLS PROPERTIES LLC sold
Dover Hills Apartments, a 100-unit apartment complex at 99-120 First St. in Dover, for $15.7 million. Gebroe- Hammer Associates’ Steve Tragash procured the buyer, while Debbie Pomerantz represented the seller.
A developer sold 11 condominiums at 4 Highland Ave. in Belleville for $2.175 million. Thomas Scatuorchio of The Kislak Co. Inc. represented the seller.
RETAIL
AUTO LENDERS sold and leased
back a 10-property portfolio of auto dealerships, a centralized vehicle conditioning center and office facilities in New Jersey and Pennsylvania to W.P. Carey for $55 million. CBRE’s Thomas Finnegan,
Matthew Gorman and Michael Shover represented the seller of the portfolio, which spans Princeton, Lakewood, Toms River, Voorhees, Egg Harbor Township, Williamstown, Berlin, Yardville and Exton, Pennsylvania.
ACADIA REALTY TRUST sold 60 Orange St., a 128,715-square-foot property
in Bloomfield, to Benderson Development for $16.4 million. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Oliver, Steve Simonelli and Jordan Altman represented the seller.
LARKIN LUMBER CO. Inc. leased 17,800 square feet at 129 Route 4 in Paramus to Anve Bath and Kitchen. Newmark’s Dean Tselepis and Jason Grosse represented ownership, while Marta Villa of JLL represented the tenant.
BOGOTA SAVINGS BANK acquired 181 Boulevard, a 15,390-square-foot building in Hasbrouck Heights. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller.
A private buyer acquired 196-200 Route 46, a 15,113-square-foot building in Parsippany. Newmark Associates’ Deborah Myers and Nancy Stanton-Tuckman represented the seller and buyer, respectively.
WESTFIELD SEAFOOD leased 1,500 square feet at 220 South Ave. West
in Westfield. Kendal Hand-Freda of Levin Management Corp. represented ownership.
ICEBOX CRYOTHERAPY leased 1,400 square feet at 800 Morris Turnpike in Millburn. Newmark’s Dean Tselepis, Joe Brendel and Rhett Batanides represented the tenant, a cryotherapy studio.
FINANCE
NATIXIS provided $69.5 million in financing to Camber Real Estate Partners for its acquisition of a 25-building, 1.24 million-square-foot light industrial portfolio in South Jersey and Pennsylvania. Cushman
& Wakefield’s John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan sourced the floating rate financing on Camber’s behalf.
PARKVIEW FINANCIAL provided $61 million in financing to 1419 WK Owner LLC for its plan to develop a mixed- use project at 1400 and 1900 Avenue at Port Imperial in Weehawken, which
will include 282 luxury condominiums, 4,601 square feet of retail space and a 346-space parking structure.
An undisclosed insurance company closed a $34 million loan to Elberon Development Group and Fidelco Realty Group, the developers of a new 140,000-square-foot cold storage facility at 1029 Newark Ave. in Elizabeth. JLL’s Michael Klein, Jon Mikula and Max Custer sourced the 22-year construction-to-permanent loan on behalf of the borrower.
LEUMI BANK placed a $30 million construction loan to Monticello Equities for a planned 99-unit apartment building at 136 Summit Ave. in Jersey City. Brad Domenico of Progress Capital represented the borrower in sourcing the loan.
An undisclosed bank originated
a $12.66 million loan to PENWOOD
REAL ESTATE INVESTMENT MANAGEMENT LLC and METRIX REAL ESTATE SERVICES LLC, the developers of a new 171,000-square-foot industrial project at 537 Route 130 in Hamilton. The JLL team of Michael Klein and Max Custer placed the three-year, floating- rate construction loan on behalf of the developers.
A lender provided $11.1 million in
REALESTATENJTM 9 financing for the owner of Saint
James Apartments, a 150-unit apartment complex at 294 South Washington Ave. in Bergenfield. Cronheim Mortgage’s Allison Villamagna and Andrew Stewart secured the loan, which has a 10-year term with a 30-year amortization.
SIGNATURE BANK provided a $9.6 million loan to The Stro Cos. to refinance
2 Amboy Ave., a 65,000-square-foot
industrial building in Woodbridge, and 111 Moonachie Ave., a 52,000-square- foot asset in Moonachie.
A regional New Jersey bank originated a $7.75 million construction loan to the developer
of a 25-unit apartment project at
506 Central Ave. in Jersey City.
Janet Proscia and David Turley of Cronheim Mortgage sourced the two-year loan, which is followed by a 10-year fixed rate term.
SNOWPOINT CAPITAL MANAGEMENT
provided $2.8 million in financing to the buyer of a 36-bed rehabilitation and recovery center in Ringwood. RE
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