Page 12 - RENJ Sept.21

10 SEPTEMBER 2021
DEAL SHEET
INDUSTRIAL
An investor acquired 35 Obrien St., a 135,000-square-foot building in Kearny, for $21.15 million. Marcus & Millichap’s Mark Gjonbalaj, Alan Cafiero, Ben Sgambati and David Adjmi represented the seller.
468 TOTOWA AVENUE INC. sold 468 Totowa Ave., a 108,000-square-
foot property, to 100 Mile Renard Totowa LLC, a joint venture of Procida Funding and Asset Realty & Construction. NAI James E. Hanson’s Michael G. Walters and Cameron Silverstein and Van Houten Group’s Richard Van Houten represented the seller.
AVR REALTY sold 800 Corporate
Drive, an 84,280-square-foot light manufacturing facility in Mahwah,
to Urbana Partners for $15.6 million. CBRE’s Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Travis Langer and Zach McHale represented the seller.
LOGON leased 71,000 square feet at the Lackawanna Warehouse Building, a
1.5 million-square-foot property at 629 Grove St. in Jersey City. Newmark’s Dan Reider, Justin Pollner and John Crawford represented the tenant, a print and direct mail company.
SNOWBALL DEVELOPMENTS LLC acquired 303-325 Midland Ave., a mixed-use property in Garfield anchored by a 69,157-square-foot industrial building.
Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin and Zach McHale of CBRE represented the seller.
AMRAPUR WAREHOUSING LLC leased 36,900 square feet at 97 Sunfield Ave. in Edison. Zimmel Associates’ David and Jaime Zimmel represented the tenant, an apparel company.
A&K REAL ESTATE GROUP LLC leased 22,300 square feet at 611 Commerce Road in Linden to American Royal
Enterprise. Jordan Metz, Eric Koons, Benito Abbate and Wellern Yu brokered the transaction.
ELECNOR HAWKEYE leased 13,640 square feet at 92 North Main St. in Robbinsville. Marc Schein of NAI DiLeo-Bram & Co. represented the tenant, a contractor that performs underground utility work and cabling for major utilities.
SITEX GROUP leased 440 Florida Grove Road, the site of a 13,000-square- foot vehicle maintenance building on six acres in Perth Amboy, to Carvana. CBRE’s Larry Schiffenhaus, Tom Monahan and Steve D’Amato brokered the transaction.
1501 POLLITT DRIVE LLC leased 12,000 square feet at 15-01 Pollitt Drive,
a 126,000-square-foot building in
Fair Lawn, to DoorDash. Darren Lizzack and Randy Horning of NAI James E. Hanson represented the landlord, while Cushman & Wakefield represented the tenant.
KEY PROPERTIES leased 12,000 square feet at 700 Gotham Parkway, an 80,000-square-foot building in Carlstadt, to Flavor Materials International.
A private buyer acquired 120 Woodland Ave., an 11,900-square- foot building in Westwood, for $1.59 million. Marcus & Millichap’s Christopher Kallensee and John A. Sala brokered the sale.
TULFRA REAL ESTATE leased 7,571 square feet at 60 South Jefferson Road, a 57,000-square-foot building in the Whippany section of Hanover, to Desktop Metal. Hugh Scullin of Katz & Associates and Nancy Tuckman of Newmark Associates brokered the transaction.
TERRENO REALTY CORP. purchased 245 Paterson Plank Road, a 4.9-acre parcel in Carlstadt, for $17.9 million. NAI James E. Hanson’s Scott Perkins and Chris Todd represented the buyer.
OFFICE
An entity affiliated with ASPEN ADVISORS sold 71 Union Ave., a 32,226-square-foot building in Rutherford, for $6.9 million. Jacklene Chesler, Matthew Brown and Patrick Norris of Colliers International represented the seller.
ONYX EQUITIES leased 18,268 square feet at 650 From Road, a 350,000-square- foot building in Paramus, to Callagy Law. Newmark’s David Simson represented the tenant.
LARKEN ASSOCIATES leased 6,371 square feet at Branchburg Centre, a
90,000-square-foot building at 3040 Route 22 West in Branchburg, to Kinedyne LLC.
An unnamed LLC purchased 29 Elm St., a 6,000-square-foot mixed-use property in Morristown, for $2.5 million. Brian Kaplan and Chip Collins of Marcus & Millichap represented both parties.
SUN BIOTECH sold 5 Allison Drive, a 4,320-square-foot property in Cherry Hill, to Hudak Infrastructure Repair Systems LLC. Ken Richardson
and Corinne Giletto of Vantage Commercial brokered the deal.
ALFRED SANZARI ENTERPRISES leased 2,275 square feet at 300 Frank W. Burr Blvd., part of the Glenpointe campus in Teaneck, to Larrin Management LLC. Richie Baumstein of Cushman
& Wakefield represented the tenant, a commercial real estate management firm.
RESIDENTIAL
A private investor acquired a three- building, 66-unit apartment portfolio in West New York for $10.58 million.
Fahri Ozturk, Richard D. Gatto and David Ferber of Marcus & Millichap represented the seller.
ADONI PROPERTY GROUP sold 444 Lincoln Highway, a 48-unit apartment building in the Iselin section of Woodbridge,
to FM Ferrari Investments for $15.7 million. Cushman & Wakefield’s
Andy Merin, Brian Whitmer, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller.
A private investor acquired East Park Apartments, a 41-unit property at 1045-1047 East Park Ave. in Vineland, for $3.95 million. Joni Sweetwood
of The Kislak Co. Inc. brokered the transaction, while also arranging the sale of the Farrell Place Manufactured Home Community, a collection of 30 mobile home park lots at 1205 Farrell Ave. in Cherry Hill, for $2.475 million.
IRONBOUND PARTNERS LLC acquired
a two-building, 22-unit apartment portfolio at 773 East 19th St. and 149- 151 Warren St. in Paterson for $2.865 million. Jerry Joseph and Tarang Ramani of Lee & Associates New Jersey represented both parties.
HD SUMMERHILL LLC sold 377 Summerhill Road, a seven-acre development site in East Brunswick approved for 96 apartments, to AMS
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