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square feet at Princess Road Office Park, a 47,094-square-foot property at 4 Princess Road in Lawrence Township, to Delaware Valley Retina Associates. Vinny DiMeglio of JLL represented the tenant.
RESIDENTIAL
198 WHITEHORSE PIKE LP sold a 57-unit apartment portfolio at 136-198 White Horse Pike and 256 Richey Ave. in Collingswood for $9.4 million. Gebroe- Hammer Associates’ Eli Herskowitz represented the seller and procured the buyer.
A private investor purchased a three- building, 43-unit apartment portfolio at 6, 8 and 10 Bergen Ave., 484
Central Ave. and 938 Westside Ave., all in Jersey City, for $6.9 million. Solomon Halberstam of Capital Realty Associates brokered the sale.
TITANIUM CAPITAL PARTNERS acquired 2005 Kennedy Blvd., a 25-unit apartment building in Jersey City, for $4.5 million.
MILTON TERRACE HOLDINGS sold 1251 Milton Place, a 20-unit property in Plainfield. Julie Gralla and Joni Sweetwood of The Kislak Co. Inc. represented the seller and procured the buyer, respectively.
RETAIL
WASA PROPERTIES SUTTON PLAZA
signed a 25,000-square-foot renewal at Sutton Plaza, a 137,835-square-foot
shopping center at 293 Route 206 in the Flanders section of Mount Olive, with Tractor Supply Co. Chandler Vanderbeek and Connor Vanderbeek of Bussel Realty Corp. represented ownership.
DENHOLTZ PROPERTIES leased 19,567 square feet at The Commissary at Baseline, a 53,000-square-foot building at 675 Oceanport Way in Oceanport, to MGT Foods.
KPOT KOREAN BBQ AND HOT POT leased 10,000 square feet at Neptune Plaza Shopping Center, a 215,024-square-foot property at 2200 Route 66 in Neptune. Kevin Pelio of Azarian Realty Co.
and Stephan Miller of Welco Realty represented the landlord and tenant, respectively.
3522 PARK AVE LLC sold 3522 Park Ave., a 9,000-square-foot mixed-use building in Weehawken, to Lennard Charles
& Michael Ignatieff. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller.
1802 SPRINGFIELD LLC leased 5,000 square feet at 1802-08 Springfield Ave. in Maplewood to Sherwin-Williams. The Goldstein Group’s Neil Goldstein represented both parties.
AT&T, EUROPEAN WAX CENTER and SCENTHOUND leased a combined 4,650 square feet at Morris Marketplace, a 145,835-square-foot property at 191 East Hanover Ave. in Morris Township. Jeffery Realty’s Steve Battista and William Lenaz represented ownership.
LARKEN ASSOCIATES leased 1,300 square feet at Raritan Crossing, a three-building, 62,955-square-foot complex at East Somerset Street
and Route 206 in Raritan, to Royal Barbershop LLC. Shane Wierks of Jeffery Realty represented both parties in the deal.
BLAINE’S JEWELRY BOX leased 1,200 square feet at Wall Towne Center, a 100,000-square-foot property at 2433- 2445 Route 34 in Manasquan. Kendal Hand-Freda of Levin Management Corp. represented ownership.
FINANCE
An undisclosed lender provided
$52 million in financing to a joint venture of Tulfra Real Estate and
The Hampshire Cos., the developers
of a new 180-unit luxury apartment property at 920 Belmont Ave. in North Haledon. Gretchen Wilcox, Wesley Wilcox and Al Raymond of G.S. Wilcox & Co. sourced the 20-year term loan on behalf of the borrower.
VALLEY NATIONAL BANK closed $10 million in refinancing to Maxim Realty Trust, the developer of a recently completed, 30-unit apartment building at 445-461 Livingston St. in Norwood. JLL’s Gregory Nalbandian represented
the borrower to secure the 10-year, fixed-rate loan.
SPENCER SAVINGS BANK originated
a refinancing loan to Denholtz Properties in connection with a two-building, 50,923-square-foot light industrial portfolio at 150 and 151 Tornillo Way in Tinton Falls. JLL’s Michael Klein, Jon Mikula and Michael Lachs represented the borrower in securing the five- and seven-year, fixed-rate loans. RE
TM 15
726 GRAND STREET HOBOKEN • NEW JERSEY
$70,500,000
Construction and Preferred Equity funding for a 170-unit luxury apartment complex along with a clubhouse, pickleball courts, pool, fitness center, game room, yoga studio, BBQ/fire pits and dog park
Construction / Permanent / Equity / Mezzanine / Joint Ventures
130 Monmouth Street • Red Bank • NJ 07701 / 732-212-0333 / chkauffman.com