Page 10 - RE-NJ

8 APRIL 2022
DEAL SHEET
INDUSTRIAL
SITEX GROUP purchased 7001 Anpesil Drive, a 210,000-square-foot building in North Bergen. Bill Connors of The William F. Connors Agency brokered the deal.
Allstate Can Corp. sold 1 Wood Hollow Lane, a 135,000-square-foot building in Parsippany, under a sale- leaseback with Longpoint Realty Partners LP. Avison Young’s Matthew Turse, Timothy Cadigan and Grant Otto represented the seller and procured the buyer.
1913 REALTY ASSOCIATES LLC sold a two- building, 125,000-square-foot portfolio at 65-75 and 125-127 Kingsland Ave. in Clifton. Andrew Somple of NAI James E. Hanson represented the seller.
THE HAMPSHIRE COS. leased a combined 102,000 square feet at 230 West Crescent Ave., a 112,000-square-
foot building in Allendale, to Elgen Manufacturing and KTR Group Inc. NAI James E. Hanson’s Michael Walters and Cameron Silverstein
and Richard Van Houten of The Van Houten Group represented ownership.
THISTLE HEALTH leased 75,000 square feet at 9 Campus Drive in Burlington. Resource Realty’s Brian Wilson represented the tenant, a meal delivery startup.
Faropoint acquired 121 Moonachie Ave., a 62,000-square-foot building
in Moonachie, for $17.7 million. Meridian Capital Group’s David Schechtman, David Benharouch and Ikey Betesh brokered the transaction.
WOOD PLC sold two development parcels totaling 196 acres and a 30,400-square-foot storage facility on Frontage Road in the Perryville section of Union Township, in a sale-leaseback with Shelbourne
Global Solutions. David Bernhaut, Gary Gabriel and Kyle Schmidt of Cushman & Wakefield represented the seller alongside leasing brokers Al Edwards and Heather Gulesserian.
APERION SURFACES leased 19,800 square feet at 90 Boroline Ave. in Allendale. CBRE represented ownership, while Michael Marchese of Chilmark Real Estate Services represented the tenant, a flooring company.
EURASIA STONE purchased 403 Berckman St., an 18,000-square- foot property in Plainfield, for $1.23 million. Sheldon Gross Realty’s Matt Leonelli brokered the sale.
OFFICE
JOHN HANCOCK sold West Windsor Commons, a two-building, 302,000-square-foot campus at 7 and 9 Roszel Road in West Windsor. JLL’s Jose Cruz, Kevin O’Hearn, Michael Oliver, Steve Simonelli and Alexander Alfier represented the seller and procured the buyer, with assistance from leasing brokers David Stifelman and Jason Benson.
A private investor purchased 80 Cottontail Lane, an 88,312-square-foot property in the Somerset section of Franklin Township, for $7.5 million. Chaz Eider, Alan Cafiero, Brent Hyldahl and Ben Sgambati of Marcus & Millichap represented the seller.
KEYSTONE DEVELOPMENT + INVESTMENT
leased 70,594 square feet at 17-17 Route 208 North, a 143,000-square- foot property in Fair Lawn, to Summit Health. Sam Horowitz and Michael Tesser of Colliers represented ownership, while Cushman & Wakefield’s Marc Rosenberg represented the tenant.
AMERICAN LANDMARK PROPERTIES
leased a combined 34,846 square
feet at The Meadows, a two-building, 600,000-square-foot office property at 201/301 Route 17 North in Rutherford, to Kumon North America and Northstar Travel Media. Curtis Foster and Jerry Shifrin of Cushman & Wakefield represented the landlord in both transactions.
BERGMAN REAL ESTATE GROUP leased a combined 27,700 square feet at 500
College Road East, a 160,000-square- foot building in Plainsboro, to six tenants including Agile Therapeutics. JLL’s Vinny DiMeglio and Erin Moran represented ownership.
ACCORDIA REALTY VENTURES leased 25,847 square feet at Greenbrook Executive Center, a 202,030-square-foot building at 100 Passaic Ave. in Fairfield, to Kearny Bank.
LUM, DRASCO & POSITANO LLC signed a 16,308-square-foot lease extension at 103 Eisenhower Parkway, a 151,545-square-foot building in Roseland. Newmark’s David Simson represented the tenant.
EASTMAN COS. signed a 15,655-square- foot lease extension at 293 Eisenhower Parkway, an 80,000-square-foot building in Livingston, to Skoloff & Wolfe PC. Newmark’s David Simson represented the tenant.
RED RIVER ASSET MANAGEMENT leased a combined 11,858 square feet at 299 Cherry Hill Road, an 80,625-square- foot building in Parsippany, to Unified Women’s Healthcare, Positive Development and Vascular
Management Group. Rick Genthe, Bob Lee and Sean O’Brien of Lincoln Property Co. represented the landlord, with Larry Martin of JLL represented Unified Women’s Healthcare and Kelsey Nakamura of JLL represented Positive Development.
HIGHSTONE EQUITY GROUP signed an extension for 10,739 square feet at 240 Cedar Knolls Road, a 119,587-square- foot property in the Cedar Knolls section of Hanover Township, with p-value communications and a new lease for 3,404 square feet with GLT Construction. JLL’s Frank Recine
and Colleen Maguire represented the landlord in both deals, while Chris Conklin and Maria Casaliggi and Recine and Nicolas DeCotiis represented the respective tenants.
A private investor sold 550 County Ave., a 10,000-square-foot property in Secaucus, for $1.9 million. Marcus & Millichap’s Christopher Kallensee and John A. Sala represented both parties.
SIGNATURE ACQUISITIONS leased 6,629 square feet at 25 Commerce Drive,
a 67,749-square-foot building in Cranford, to Flipt LLC. Cushman & Wakefield’s William O’Keefe, Charles Parmelli, Shawn Straka and Joe Ratner represented ownership in each deal.
JLL: HARTZ SELLS 136,000 SQ. FT.
OFFICE BUILDING TO AEP FOR $48 MILLION
waterfront,” JLL’s Kevin O’Hearn said. “The unobstructed views of the Manhattan skyline are also very impressive.”
O’Hearn represented Hartz alongside JLL’s Jose Cruz, Michael Oliver, Steve Simonelli and Jason Lundy, while also procuring the buyer. They said the building’s proximity to the Exchange Place PATH station was a key draw, adding that 15 Exchange Place is within walking distance of ferry and Hudson-Bergen Light Rail service.
“15 Exchange is very unique,
it provides gorgeous views
of the Hudson River together
with unobstructed views of the Manhattan skyline to every office suite in the building regardless of size,” American Equity Partners’ David Elkouby said. “That, together with its proximity to mass transit, is what appealed to us at AEP.”
Hartz Mountain Industries has sold a 136,000-square-foot office building in Jersey City to American
Equity Partners, in a newly announced transaction by JLL.
According to the brokerage team,
the buyer paid $48 million for the waterfront, 11-story property at 15 Exchange Place. JLL announced the deal in early March, noting that the building is 71 percent leased to a mix of tenants including financial
firms, data consultants and other professional services, with retail space occupied by Starbucks and Potbelly Deli.
“This property has
one of the absolute best locations in New Jersey as it benefits from a strong work- live-play environment with unmatched
mass transportation connectivity to New York City and along the
15 Exchange Place in Jersey City
Courtesy: JLL