Page 13 - RE-NJ

DEAL SHEET
INDUSTRIAL
VELOCITY VENTURE PARTNERS leased 213,000 and 163,000 square feet at 9000 River Road, a 560,000-square-foot building in Pennsauken, to Western Extrusions and Almag Aluminum, respectively. Chris Pennington
and Mike Torsiello of Binswanger represented ownership.
THE O’DONNELL GROUP sold 201 Elizabeth St., a 275,631-square-foot complex in Bordentown, to Penwood Real Estate Investment Management for $60 million. Steven Schultz of Newmark represented the seller, while Cushman & Wakefield’s Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Chris Griffith, Jeff Volpi and Morgan Nitti represented the buyer.
PENWOOD REAL ESTATE INVESTMENT MANAGEMENT and METRIX REAL ESTATE SERVICES LLC sold 539 Route 130, a 171,269-square-foot warehouse, and
an adjacent ground lease with a bank branch, both in Hamilton, to Principal Real Estate Investors. Gary Gabriel, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield represented the sellers.
P&V WAREHOUSE DISTRIBUTION sold 60 Leonard St., a 158,641-square- foot building in Metuchen, to Seagis Property Group LP for $24 million. Steve Bussel of Bussel Realty Corp. represented both parties.
KIRKER ENTERPRISES INC. sold 55 East 6th St., a 152,000-square-foot property in Paterson, to 55 East 6 LLC. Russell J. Verducci and Eric Demmers of
NAI James E. Hanson and Hanna Commercial Real Estate represented the seller.
100 DEMAREST DRIVE LLC sold 100
Demarest Drive, a 117,340-square-foot building in Wayne, to CenterPoint Properties. Scott Perkins, Chris Todd and William Ericksen of NAI James E. Hanson represented the buyer.
DIAMOND CHEMICAL sold a 117,000-square-foot property at Union Avenue and Dubois Street in East Rutherford to EverWest Real Estate Investors for $37.1 million.
MARY & THOMAS REALTY LLC sold 292 3rd St., a four-building, 75,097-square- foot complex in Trenton, to Third Street Trenton LLC for $5.6 million. NAI
Fennelly’s Jerry Fennelly and Matthew Fennelly represented the seller.
CENTERPOINT PROPERTIES purchased
3 Sperry Road, a 57,731-square-foot building in Fairfield. Eric Lewin and Joe Manganaro of Team Resources Inc. brokered the transaction.
J & E ASSOCIATES sold 1 Coan Place, a 30,519-square-foot property in Metuchen, to BST Coan LLC for $4.12 million. Tim Deluccia of Deluccia Commercial Group represented the seller.
An investment group purchased 403 County Road, a 30,000-square-foot
flex building in Aberdeen. Zimmel Associates’ Jaime Zimmel brokered the sale.
455 BARELL LLC sold 455 Barell Ave., a 26,112-square-foot building in Carlstadt, to Southpeak Group. NAI James E. Hanson’s Thomas Vetter, Jeffrey DeMagistris, Scott Perkins, Chris Todd and William Ericksen
SERIOUSSHOPS.COM leased 20,721 square feet at 7055 Central Highway in Pennsauken. Vantage Commercial’s Vince Ceroli and Ken Richardson represented the tenant.
CAMBER REAL ESTATE PARTNERS
leased 17,500 square feet at 5 Pearl Court and 9,500 square feet at 3 Pearl Court, both in Allendale, to Fuller Ingredients and Porcelanosa USA, respectively. NAI James E. Hanson’s Kenneth Lundberg, Patrick Lennon and Lorenzo Lambiase represented ownership, while Savills’ Slava Vaynberg and Noah Balanoff of Colliers represented the respective tenants.
An undisclosed party sold 24 Buffington Ave., a 15,000-square-
foot building in Irvington. William F. Connors III of The William F. Connors Agency brokered the transaction.
An undisclosed industrial linen business leased 6-12 Anthony St.,
a 12,000-square-foot warehouse
in Newark. James Davenport of Newmark Associates CRE managed the lease.
20 INDUSTRIAL AVE LLC sold 20 Industrial Ave., a 12,000-square-foot property in Upper Saddle River, to RT Direct Distributors. Justin Allessio of NAI James E. Hanson represented the seller.
HUDSON MASON SUPPLY LLC leased 6,200 square feet at 262 Hudson St. in Hackensack to United Network Communications Corp. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented the landlord.
PAK SC LLC and 41 BURNT TAVERN ROAD WBP LLC sold a combined 11 acres at 37 and 41 Burnt Tavern
Road in Millstone, respectively, to RDM Management for a combined $2 million. NAI Fennelly’s Jerry Fennelly represented the sellers.
represented the seller.
OFFICE
THE SILVERMAN GROUP sold 25 Hanover Road, a 132,737-square-foot complex in Florham Park, for $24.5 million. CBRE’s Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Fahri Ozturk, Rich Gatto, Travis Langer and Daniel Blumenkrantz represented the seller and procured the buyer.
SJP PROPERTIES leased 65,500
square feet at 200 Wood Ave. South, a 270,000-square-foot building in
the Iselin section of Woodbridge, to Siemens. CBRE’s Wes Moore and Jeff Babikian represented the respective parties.
THE STRO COS. purchased 404 Sette Drive, a 52,800-square-foot property in Paramus. Jeffery Realty’s Bill Farkas represented both parties.
MCELROY DEUTSCH sold 170 Mount Airy Road, a 52,068-square-foot complex in the Basking Ridge section of Bernards, to Aucta Pharmaceuticals Inc. for $4.6
million. Brian Cass and Peter Blanchard of The Garibaldi Group represented the seller, while Peter Wisniewski of Kislak Commercial Real Estate Services Inc. represented the buyer.
ADONI PROPERTY GROUP LLC sold
1200 Tices Lane, a 30,000-square-
foot property in East Brunswick, to SiriVarsha Tices LLC for $7.5 million. Cushman & Wakefield’s Andrew Schwartz, Jordan Sobel and André Balthazard represented the seller
and procured the buyer, while Brad Domenico of Progress Capital assisted with financing.
PRISM VISION GROUP sold Millennium Eye Care and Freehold Surgical Center, a 25,164-square-foot medical
REALESTATENJTM 11
Recent Transactions

Butler, NJ | $23,500,000

Union City, NJ | $4,800,000

New Jersey Broker of Record: John Horowitz (718) 475-4300