Page 15 - RENJ June 2021

ACCORDIA REALTY VENTURES leased 5,000 square feet at River Drive II, an 84,069-square-foot property at 669 River Drive in Elmwood Park, to Stevens & Lee, while also securing
a 20,719-square-foot extension from Keyence, a supplier of sensors, measuring systems, laser markers, microscopes and machine vision systems, for its 20,719-square-foot space at the complex.
CHOPP HOLDINGS leased an additional 3,948 square feet at One Gatehall Drive, a 114,715-square-foot building in Parsippany, to Santomassimo & Davis LLP. Rick Genthe, Bob Lee and Sean O’Brien of Lincoln Property Co. represented ownership, while JLL’s Derek DeMartino represented the tenant, a law firm that now occupies a total of 10,862 square feet.
Jeffrey S. Appell sold 57 Juliustown Road, a 2,500-square-foot property in Pemberton. Vantage Commercial’s Aran Ploshansky and Ken Richardson represented the seller.
LARKEN ASSOCIATES leased 2,072 square feet at the Princess Road Office Park, a two-building, 47,094-square-foot property at 4 Princess Road in Lawrenceville, to Benchmark Medical Services.
RETAIL
PHENIX SALON SUITES leased a combined 54,143 square feet at 473 River Road in Edgewater, Greenleaf at Union Shopping Center at 1235 West Chestnut St. in Union, 275 Route 4 in Paramus, The Shoppes at Cinnaminson at 195 Route 130 in Cinnaminson and 1571 Route 22 in Watchung. Cushman & Wakefield’s David Townes and Alana Friedman represented the tenant, a beauty salon co-working business.
A private investor purchased Willow Point, a 35,000-square-foot shopping center at 184 Route 9 in Marlboro. Cushman & Wakefield’s Andy Merin, Andrew Schwartz, Jordan Sobel, Brian Whitmer, Max Helfman and Andre Balthazard represented the seller.
A private buyer acquired Riverdel Center, a 29,740-square-foot property at 1101 South Fairview St. in Riverside, for $4.95 million. Marcus & Millichap’s Alan Cafiero, Ben Sgambati and David Cafiero represented both parties.
ACD REALTY LLC leased 11,900 square feet at 194 Route 17 North, an 18,800-square-foot property in Rochelle Park, to Subzi Bazaar. NAI
James E. Hanson’s Edward Decker represented ownership.
ULTA BEAUTY leased 10,000 square feet at St. Georges Crossing, a 343,000-square-foot shopping center at Route 1&9 and Route 35 in Woodbridge. E.J. Moawad of Levin Management Corp. represented ownership, while David Szabo of BKR Retail Services represented the tenant.
A private investor sold 5-7 Washington St., a 5,126-square-foot property in Morristown, for $1.55 million. Marcus & Millichap’s Fahri Ozturk, Richard D. Gatto, Alan Cafiero, David Cafiero and John Moroz represented both parties.
ATKINS COS. and WOODMONT PROPERTIES leased 2,620 square feet and 1,980 square feet at Washington Square Town Center, a mixed-use development at 253-261 Hurffville-
Cross Keys Road in Washington Township, to Santucci’s Original Square Pizza and What’s The Scoop, respectively. Joe Raniszewski of MSC Retail represented ownership in both transactions, while Greg Bianchi of US Realty Associates Inc. represented Santucci’s.
PRISM CAPITAL PARTNERS leased 1,800 square feet at Avenue & Green, a mixed-use property at Rahway Avenue and Green Street in Woodbridge, to The LeGrand Coffee House. Ripco Real Estate’s Curtis Nassau and Deborah Stone represented ownership.
SYNERGY CAPITAL PARTNERS LLC leased 1,500 square feet at 1121 Route 34 in Aberdeen. Danielle Brunelli of R.J. Brunelli & Co. represented the tenant, a franchisee of the wellness products chain My CBD Organics.
ELECTRIC VENOM TATTOO PARLOR
leased 1,500 square feet at Tuscan Village, a shopping center at 3101 Route 42 in the Sicklerville section of Washington Township. Vantage Commercial’s Monica Walsh and Corinne Giletto brokered the deal.
POLISH’D NAIL BAR leased 1,200 square feet at 152 Route 94 in Blairstown. Etan Tammam of Midtown Commercial Realty and Rick Weinberg of CBRE brokered the transaction.
LARKEN ASSOCIATES leased 1,085
square feet at the Echo Plaza Shopping Center, a 66,567-square- foot complex at 901 Mountain Ave. in Springfield, to Chen’s 22.
269 RT 46 WEST LITTLE FERRY LLC
leased space at 269 Route 46 in Little Ferry to Jersey Mike’s Subs, Phenix Salon Suites, Wingstop and AFC Urgent Care. The Goldstein Group’s Lew Finkelstein, CJ Huter and Roy Paret represented the landlord. Gary Krauss of Pierson Commercial represented Jersey Mike’s, while David Townes and Alana Friedman of Cushman & Wakefield represented Phenix Salon Suites. Ryan Feldman of Alliance Retail Development and Alicia Santella represented Wingstop and AFC Urgent Care, respectively.
FINANCE
PROVIDENT BANK, INVESTORS BANK and PROCIDA FUNDING & ADVISORS’ 100 MILE FUND originated a combined $48 million in financing to Riverwalk III LLC, the developer of a two- building, 240-unit luxury apartment complex in Elmwood Park. JLL’s Thomas Didio and Thomas E. Didio Jr. represented the borrower in securing the three-year senior construction loan from the banks
REALESTATENJTM 13 and the preferred equity financing
from Procida.
THRIVENT FINANCIAL FOR LUTHERANS
provided $29.5 million in financing to the owner of a two-building, 449,000-square-foot industrial portfolio in South Brunswick. Gretchen Wilcox and Al Raymond of G.S. Wilcox & Co. sourced the 15- year fixed-rate loans.
MINNESOTA LIFE INSURANCE CO.
provided $16.86 million for Denholtz Properties to refinance a six-building, 258,123-square-
foot industrial portfolio, including the four-building Northampton Business Park at 1545-1575 Route 37 West in Toms River, along with 7036 Snowdrift Road in Upper Macungie and at 969 Postal Road in Allentown, both in Pennsylvania. JLL’s Jon Mikula, Michael Klein, Michael Pagniucci and Gerard Quinn sourced the 10-year, fixed-rate loans on behalf of the borrower. RE
Stella, LES 11 Avenue C, New York, NY
Architecture + Interiors + Workplace Strategy + Planning 973.740.9755 | rb-arch.com