Page 13 - Vol.5 No. 7 July 2021

REALESTATENJTM 11
ANCHOR HEALTH PROPERTIES and HARRISON STREET acquired 500 Grand Ave., a 37,818-square-foot medical office building in Englewood. Newmark’s Brian Schulz, Kevin Welsh, Jason Emrani and Maria Betancourt arranged the deal in tandem with Michael Greeley and Robert Griffin.
ALFRED SANZARI ENTERPRISES leased a combined 18,611 square feet at Heights Plaza, a 200,000-square-foot building
at 777 Terrace Ave. in Hasbrouck Heights, to Scirocco Financial Group and Awad and Khoury LLP, in a set of renewals at the property.
LEFRAK leased 11,357 square feet at 111 Town Square Place in Jersey City to Hatfield Titus & Donnelly. Peter Sabesan and Dennis Gralla of Cresa represented the tenant, a financial brokerage.
ACCORDIA REALTY VENTURES leased
5,000 square feet at 100 Passaic Ave.,
a 202,759-square-foot building in Fairfield, to Chadler Solutions, in an expansion that brings the tenant’s total footprint to 22,567 square feet.
ALFRED SANZARI ENTERPRISES leased 4,426 square feet at Glenpointe, a mixed-use campus at 300/400/500 Frank W. Burr Blvd. in Teaneck,
to Dudley Inc. Newmark’s Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson represented ownership, while Derek DeMartino of JLL represented the tenant.
CHP ASSOCIATES INC. leased 3,300 square feet at 1415 Route 70, a 102,000-square- foot building in Cherry Hill, to Smith Publicity. Vantage Commercial’s Ken Richardson represented ownership.
SPECIALTY MEDCONSULTANTS leased 2,856 square feet at Colwick Business Park, a complex at 51 Haddonfield Road in Cherry Hill. Wolf Commercial Real Estate’s Sean Kelly represented the tenant.
Michele M. Chang sold a 2,393-square-
foot medical condominium at 605 Broad Ave. in Ridgefield to Goals Plastic Surgery. NAI James E. Hanson’s David M. Ukleja represented the seller, while Darren Lizzack and Randy Horning represented the buyer.
PONDVIEW MEDICAL CENTER OF RIDGEWOOD LLC sold 1,219 square feet of condominium space at 1124 East Ridgewood Ave., a 31,600-square-foot building in Ridgewood, to Dr. Daniel J. Char. Darren Lizzack and Randy Horning of represented the seller.
RESIDENTIAL
BARINGS sold Highlands at Westwood, a 214-unit luxury apartment complex at 7101 Cenrose Circle in Westwood, to Cammebys Management Co. CBRE’s Jeff Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller.
An undisclosed buyer purchased
a five-building, 156-unit apartment portfolio in Hackensack and Little Ferry. Colliers International’s Jacklene Chesler, Matthew Brown and Patrick Norris represented the seller, while Andrew Scheinerman of The Kislak Co. Inc. represented the buyer.
NOVA EO PORTFOLIO I LLC and THE CAPITAL FORESIGHT LP sold a 113-unit apartment portfolio at 75 North Walnut St., 151
North Walnut St. and 17 Webster Place in East Orange to a private investor for $14.95 million. Gebroe- Hammer Associates’ David Oropeza represented the seller.
A longtime owner sold an 82-unit apartment portfolio at 64 Baldwin Ave. and 111 Garrison Ave. in Jersey City for $12 million. Marcus & Millichap’s
David Ferber, Fahri Ozturk and Richard D. Gatto represented the seller.
INVEL CAPITAL acquired 320 Valley St., a 22-unit apartment building in South Orange, for $9.3 million.
RETAIL
KOKES PROPERTIES acquired 2512 Tiltons Corner Road, a 16,000-square- foot fitness and training facility building in Wall Township. Steve Richel of Richel Commercial Brokerage represented the
buyer, with financing provided by OceanFirst Bank.
5800 BERGENLINE AVENUE LLC leased 5,000 square feet at 5800 Bergenline Ave., a mixed-use property in
West New York, to T-Mobile. The Goldstein Group’s Lew Finkelstein and CJ Huter represented the landlord.
Ramualdo Lamberti sold 28 South Church Road, a 3,700-square-foot property in Maple Shade, and a liquor license to Lin Family Plaza LLC for $900,000. Rose Commercial Real Estate’s Adam Rose represented the seller.
THE AZARIAN GROUP leased 2,008 square feet at Allendale Town Center, a 90,000-square-foot center on West Allendale Avenue in Allendale, to Poke Time.
An event planner and a fusion and CBD retailer leased a combined
1,900 square feet at The Shoppes
at Lafayette, a 120,000-square-foot neighborhood center at routes 15
and 94 in Lafayette Township. The Boniakowski Commercial Real Estate Group’s Todd Gannet represented both parties in each deal.
EXOTIC SNAX leased 900 square feet at 745 Newark Ave. in Jersey City. Grid Real Estate’s Bobby Antonicello, Greg D. Edgell and Dante Trigo represented the landlord.
FINANCE
GREYSTONE closed a $49.575 million Freddie Mac Optigo loan to Goldcrest Management for its purchase of Chalet Gardens, a 484-unit garden apartment complex at 320 West Branch Ave. in Pine Hill. The debt features an adjustable rate with a 10- year term and 30-year amortization, with the first five years of interest- only payments.
WELLS FARGO originated a $42.6 million construction loan to Advance Realty Investors and Greek Development for two industrial buildings totaling 491,049 square feet at the Logan North Industrial Park, a planned 3.2 million-square-foot industrial park at 2858 Route 322 in Logan Township. Cushman & Wakefield’s John Alascio, Chuck Kohaut and TJ Sullivan represented the borrowers.
NATIXIS provided $35.25 million in financing to ERCT Capital Group, the owner of a 203,000-square-foot office
building at 1255 Broad St. in Clifton. Progress Capital represented the borrower in securing the full-term, interest-only commercial loan on a nonrecourse basis.
An undisclosed lender provided $17.25 million in financing to the developer of a 113-unit apartment building
at 1120 East Saint Georges Ave. in Linden. Joseph Belgiovine of Marcus & Millichap Capital Corp. sourced the financing.
THE STATE LIFE INSURANCE CO. provided a $16 million loan to the owner of
a 359,950-square-foot industrial building at 23 Mack Drive in Edison. Dev Morris, Allison Villamagna and Andrew Stewart sourced the 11-year loan on behalf of the borrower. RE