Page 12 - RE-NJ March 2022
P. 12

10 MARCH 2022
DEAL SHEET
 INDUSTRIAL
DUKE REALTY CORP. purchased 600 Ridge Road, a 469,600-square-foot building in Piscataway. Thomas Kirczow of NAI DiLeo-Bram & Co. represented the seller.
A private investor purchased 70 Jackson Drive, a 168,767-square- foot building in Cranford. Suzanne Tharaldsen and Jim Hodgkins
of Daunno Realty Services LLC represented both parties in the transaction.
READYSPACES leased 164,500 square feet at 575 North Midland Ave. in Saddle Brook. Mike Davis and Noah Balanoff of Colliers represented the tenant, a provider of shared warehouse and office space.
THE AVIDAN GROUP and ELBERON DEVELOPMENT GROUP sold 900 Fairmount Ave., a 138,642-square-foot cold storage facility in Elizabeth. JLL’s Marc Duval, Michael Oliver, Jordan Avanzato, Nicholas Stefans and Jose Cruz represented the seller.
An investor purchased 25 Green Pond
Road, a 121,038-square-foot property in Rockaway, for $19.6 million. CBRE’s Charles Berger, Mark Silverman,
Elli Klapper and Thomas Mallaney represented the seller.
BRENTWOOD REALTY purchased 120 Aldene Road, a 95,000-square-
foot building in Union Township. Alessandro “Alex” Conte of The Blau & Berg Co. brokered the sale.
COHEN ASSET MANAGEMENT INC.
purchased 111-135 Thomas McGovern Drive, a 65,715-square-foot warehouse
in Jersey City. JLL’s Jon Mikula sourced a five-year, fixed-rate acquisition loan for $10.25 million with a correspondent life insurance company.
SHORE POINT PARTNERSHIP sold 175 Lehigh Ave., a 52,500-square-foot building in Lakewood, to 175 Lehigh LLC. Steve Bussel of Bussel Realty
Corp. represented the seller.
An undisclosed party purchased 56 New Hook Road, a 44,000-square- foot property in Bayonne. William F. Connors of The William F. Connors Agency represented the seller.
REALTERM acquired 1040 and 1060 Gelb Ave., a two-building, 38,600-square- foot complex in Union Township. Cushman & Wakefield’s Torsten Thaler represented the buyer.
TULFRA REAL ESTATE sold 60 South Jefferson Road, a 37,000-square-foot building in the Whippany section of Hanover, to Progress Realty Partners for $7.325 million. Alan Cafiero and Mark Gjonbalaj of Marcus & Millichap brokered the sale, with Leo Faresich of ConnectOne Bank serving as Tulfra’s lender at the site.
59-71 OAK STREET LLC sold 59-71 Oak
St., a 28,000-square-foot building in Hackensack, to Oak Street Realty LLC. NAI James E. Hanson’s Jonathan Kristofich represented both parties.
CERTIFIED PROCESSING sold 184 Route 22 East, a 28,000-square-foot structure in Hillside, to Madison Exchange LLC / HYK LLC. NAI James E. Hanson’s Eric Demmers and Russel Verducci represented the seller.
SHIMA SEIKI sold 22 Abeel Road, a 27,863-square-foot building in Monroe Township, to Aplomb Technologies for $3.8 million. NAI Fennelly’s
Jerry Fennelly and Matt Fennelly represented the seller.
SR INTERNATIONAL subleased 16,715 square feet at 25 Cotters Lane, a 41,130-square-foot building in East Brunswick, to VanMoof USA Inc. Jordan Metz, Eric Koons and Benito Abbate of Bussel Realty Corp. represented the sub-landlord, while Zimmel Associates represented the subtenant, an electric bicycle brand.
CHERRY UMBRELLA LLC leased 7,460 square feet at 2030 Springdale Road, a 109,700-square-foot building in Cherry Hill, to DECA Switchlabs. Wolf Commercial Real Estate’s Sean Kelly represented the tenant, which provides electric machinery switches and terminal blocks.
ENGLISH STREET REALTY LLC sold 141 English St., a 6,500-square-foot building in Hackensack, to Kearny Investment Group. NAI James E. Hanson’s Justin Allessio and Andrew Somple represented the seller, while Urszula Zoltek of Zoltek Commercial Real Estate Services represented the buyer.
TERRENO REALTY leased 2.4 acres at 97 Third St., a 5.4-acre property
in Kearny, to Sarcona. Kenneth Lundberg, Patrick Lennon and Lorenzo Lambiase of NAI James E. Hanson represented ownership, while Jason Crimmins of The Blau & Berg Co. represented the tenant.
OFFICE
SHELBOURNE GLOBAL leased a combined 115,707 square feet at 1515 Broad
St., a 287,509-square-foot building in Bloomfield, to Lummus Technology Inc. and Acosta Inc. Avison Young’s William McCaffrey represented ownership.
700 FAIRFIELD INVESTORS LLC sold 710 Route 46, a 104,000-square-foot building in Fairfield, to StoneWater Equities for $7.15 million. Cushman & Wakefield’s Andy Merin, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller and procured the buyer.
NORTHEAST CAPITAL GROUP leased 27,700 square feet at Woodbridge Corporate Plaza, a six-building, 630,000-square- foot campus at 485F Route 1 South
in the Iselin section of Woodbridge, to Genosity in a long-term extension and expansion. Newmark’s Jamie Drummond and Andrew Perrotti represented ownership.
CRUM & FORSTER leased 26,174
square feet at 305 Madison Ave.,
a 213,857-square-foot building in Morris Township, to Intercept Pharmaceuticals. CBRE’s Conor Dolan represented ownership.
An investor purchased 88 Princeton Hightstown Road, a 25,364-square- foot medical office building in West Windsor, for $8 million. Cushman & Wakefield’s David Bernhaut, Andrew Schwartz, Jordan Sobel and Andre Balthazard represented the seller.
A real estate fund managed by a subsidiary of Ares Management
Corp. signed a 16,545-square-foot renewal at 3 Second St. at Harborside, a 600,000-square-foot office tower
in Jersey City, with Northern Trust. Cushman & Wakefield’s David DeMatteis, Mina Shehata, Robert Rudin and Dirk Hrobsky represented ownership, while CBRE’s Conor Dolan, David Opper and Ken Meyerson represented the tenant, a financial services firm.
PLT HEALTH SOLUTIONS signed a lease extension and expansion to 16,500
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