Page 13 - RENJ Aug2021

Bridgewater, to Skydell Contracting Inc. for $1.132 million. Marcy Gross and Eric Weston of Sheldon Gross Realty represented ownership.
MAGELLAN NYC WEST MAIN LLC leased 6,488 square feet at 303 West Main St. in Freehold to South Jersey Legal Services Inc. Wolf Commercial Real Estate’s Kevin Coleman represented the tenant, a legal aid organization.
COMMERCIAL REALTY GROUP leased a combined 5,697 square feet at 111 Littleton Road, a 36,289-square-foot property in Parsippany, to RealSafe Title LLC and Bluebird Auto Rental Systems Inc. NAI James E. Hanson’s Josh Levering represented ownership.
BERK & BERK AT CHERRY TREE LLC leased 5,619 square feet at Cherry Tree Corporate Center, a 150,000-square- foot building at 535 Route 38 in Cherry Hill, to HomeServices Insurance. Vantage Commercial’s Monica Walsh represented ownership.
MRH REAL ESTATE SERVICES INC. leased 1,433 square feet at 120 Route 17 North, a 50,000-square-foot building in Paramus, to Specialty Infusion Leasing LLC. Darren Lizzack, Randy Horning and David Ukleja of NAI James E. Hanson represented the tenant, a specialty infusion service.
RESIDENTIAL
MERRIAM GATEWAY APARTMENTS INC. sold 69-75 Sparta Ave., a 101-unit apartment building in Newton, to The Cobblers Loft LLC for $22.58 million. Joseph Keenan and Justin Lupo of The Kislak Co. Inc. represented the seller and buyer, respectively.
200 DEAL LAKE LLC purchased Kingsley Arms Apartments, a 98-unit apartment building at 200 Deal Lake Drive
in Asbury Park, for $18.5 million. Daniel Lanni of The Kislak Co. Inc. represented both parties.
A&J INC. sold 559 Anderson Ave., a building with 24 apartments
and three medical office units in Cliffside Park, to JTS Inc. for $6.1 million. Cushman & Wakefield’s Brian Whitmer, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller.
An undisclosed buyer purchased 511-515 Roseville Ave., a 21-unit apartment building in Newark, for $2.155 million. Cushman & Wakefield’s Brian Whitmer, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller.
479 VALLEY ROAD LLC sold The Alivia, a 20-unit apartment building at 479 Valley St. in Maplewood, to
Sunblossom Alivia 479 LLC for $7.6 million. Joni Sweetwood of The Kislak Co. Inc. represented the seller.
A private investor sold 150-152 Broad St., a 12-unit apartment building in Newark, for $1.735 million. Marcus & Millichap’s Jed P. Matricaria, Richard D. Gatto and Fahri Ozturk represented the seller.
RETAIL
PLANET FITNESS and WING STOP leased
a combined 19,367 square feet at
the Toms River Shopping Center, a 253,000-square-foot property on Route 37 in Toms River. Danielle Brunelli
of R.J. Brunelli & Co. represented ownership, while Joe Dougherty of Metro Commercial and Gary Krauss of Pierson Commercial represented the tenants, respectively.
A private investor purchased 2601 Mount Holly Road, a 9,863-square- foot property in Burlington, for $8.8 million. Marcus & Millichap’s Alan Cafiero and Ben Sgambati represented the seller.
DOLLAR TREE leased 9,977 square feet
at Union Square at Route 35 and
Oak Hill Road in Red Bank. Pierson Commercial’s Greg Medvin and Danielle Brunelli of R.J. Brunelli & Co. represented the landlord and tenant, respectively.
MONMOUTH QUEEN REALTY sold 128-130 Wyckoff Road, a 6,300-square-foot shopping center in Eatontown, to Zoom Plaza LLC. The Goldstein Group’s Mark Handwerker and Darrin Hiban of Tri State Commercial Realty represented the seller and buyer, respectively.
ACCORDIA REALTY VENTURES leased a combined 4,076 square feet at The Shoppes at Godwin, a 23,000-square- foot mixed-use property at 644 Godwin Ave. in Midland Park, to Skazka Cakes, Black Belt America and JP’s.
A regional franchisee for Freddy’s Frozen Custard & Steakburgers leased 3,200 square feet at Legacy Square, a shopping center at 1000 West Edgar Road in Linden. CBRE’s Steven Winters, Mike Horne and Nicole Nannola represented the tenant.
COLUMBIA BANK sold 135 South Fairview Ave., a 1,760-square-foot property in Paramus, to Tiger Buying Group LLC. The Goldstein Group’s Neil Goldstein and Roy Paret brokered the sale.
Vishal and Kartik Patel of Wingstop leased 1,400 square feet at Union City Plaza, a shopping center at John F. Kennedy Boulevard and 21st Street in Union City. Vanessa Fernandez- Kelty of Levin Management Corp. represented ownership.
FINANCE
ARBOR COMMERCIAL MORTGAGE provided a $53 million loan to Blackstone 360 to refinance Lotus 315, a 180-unit luxury apartment building in East Orange. Progress Capital’s Brad Domenico represented the borrower in sourcing
REALESTATENJTM 11 the nonrecourse financing.
BRIGHTSPIRE CAPITAL INC. provided a $43 million bridge loan to Golden Glades Capital Management, the owner of a 104-unit luxury apartment building at 74 Maple St. in Jersey City known as BELA. Matthew Pizzolato and Thomas E. Didio Jr. secured the three-year, floating-rate financing, working on behalf of the borrower.
VERUS COMMERCIAL REAL ESTATE
FINANCE originated a $13.275 million bridge loan to the developer of
The Opus Apartments, a 49-unit apartment building on Ridge Road in North Arlington. Robert Ranieri of NorthMarq arranged the financing, which was structured with a two-year term.
TRISTATE CAPITAL BANK provided $11.4 million to Denholtz Properties
to refinance a two-building, 79,022-square-foot office portfolio at 310 and 322 Route 35 South in Red Bank. JLL’s Michael Klein, Jon Mikula and Carlos Silva represented the borrower in sourcing the seven-year, fixed-rate loan.
TIAA BANK provided a $9 million loan to The Donato Group to refinance Meridian Center II, an 80,188-square-
foot office building at 4 Industrial Way West in Eatontown. Michael Klein, Max Custer and Gerard Quinn of JLL arranged the financing.
SIGNATURE BANK originated a $7.2 million loan to Northpath Investments for its acquisition of 3920 Park Ave.,
a 63,200-square-foot light industrial and research facility in Edison. JLL’s Michael Klein and Max Custer sourced the five-year, fixed-rate financing on the borrower’s behalf. RE