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 and Hartford Road in Delran. Kendal Hand-Freda and Fred Younkin of Levin Management Corp. represented ownership, while Jerry Johnson
of Bennett Williams Commercial represented Top Pot Korean BBQ.
VANROCK PROPERTIES leased 7,500 square feet at 1 Godwin Ave. in Midland Park to Sola Salon Studios. The Goldstein Group’s Neil Goldstein and Lew Finkelstein represented ownership, while Vicki Ezra and Jamie Sackeim of The Shopping Center Group represented Sola Salon Studios.
BOOTS & BONES leased 7,000 square feet at 116 Newark Ave. in Jersey City. Bobby Antonicello Jr. of Grid Real Estate brokered the lease.
434 REALTY MANAGEMENT
LLC purchased 434 Main St., a 5,000-square-foot building in Chatham, for $2.35 million. Stephen Gianis of Kislak Commercial Real Estate Services Inc. represented the seller and procured the buyer.
RICHMOND TILE & DESIGN CENTER
leased 2,000 square feet at The Orchards at Wall, a 22,504-square-foot shopping center at 2410 Route 35 North in Manasquan. Florham Realty Group brokered the transaction.
CAPITAL ONE sold 301 Washington St., a 0.33-acre site in Hoboken, to Federal Realty Investment Trust for $9 million. Pierson Commercial’s Robert Mackowski represented the buyer.
A local investor acquired a development parcel at 170 Valley Blvd. in Wood-Ridge. Urszula Zoltek of Zoltek Commercial Real Estate Services represented both parties.
HOSPITALITY
6R CAPITAL GROUP purchased the 118-room Somerset Hills Hotel, Tapestry Collection by Hilton at 200 Liberty Corner Road in Warren and the 116-room Delta Hotels by Marriott Basking Ridge at 80 Allen Road in the Basking Ridge section of Bernards Township for a combined $36 million. Newmark’s Dustin Stolly, Jordan Roeschlaub and Daniel Fromm represented the buyer in securing a $31.5 million acquisition loan from Access Point Financial.
FINANCE
THE GUARDIAN LIFE INSURANCE GROUP OF AMERICA provided $57.5 million
in permanent financing to Claremont Development, Cypress Equity Investments and Battery Global Advisors, the developers of a newly
built, 220-unit apartment property at 40 Bennett Road in Englewood. JLL’s
Michael Klein, Jon Mikula, Gerard Quinn and Benjamin Morgenthal sourced the eight-year, fixed-rate loan on behalf of the sponsors.
CIT, a division of First Citizens Bank, provided a $40 million loan to Penwood Real Estate Investment Management LLC for its acquisition of a 274,197-square-foot industrial building at 201 Elizabeth St. in Bordentown. Michael Klein, Max
Custer and Ryan Carroll of JLL represented the borrower in arranging the three-year, floating-rate acquisition loan.
SECURIAN ASSET MANAGEMENT INC., on behalf of Minnesota Life Insurance Co., provided $12.2 million to Alfred Sanzari Enterprises to refinance a two-building, 113,700-square-foot industrial portfolio at 481 and 491 Edward H. Ross Drive in Elmwood Park. JLL’s Thomas R. Didio, Thomas E. Didio Jr., Salvatore Buzzerio and Benjamin Morgenthal represented the borrower to source the 10-year, fixed- rate loan.
CATHAY BANK provided a $11.8 million construction loan to a private
TM 13 developer for a 48-unit multifamily
project at 6116 Harrison Place in West New York. JLL’s Matthew Pizzolato, Max Custer, Gerard Quinn and Salvatore Buzzerio represented the
borrower in sourcing the three-year, floating-rate financing.
SPENCER SAVINGS BANK originated $9 million in financing to the owner of a 58-unit apartment building in Hackensack. RE
        48 Years in the
END OF YEAR 2022 SALES
  Making
7,149 UNITS
$1.47+
BILLION
84 DEALS
   Specializing in multifamily-focused investment sales while representing private equity funds & institutional investors as well as generations of family offices & private individuals since 1975. Additional focus on marketing mixed-use & freestanding office & retail properties.
 973.994.4500 • WWW.GEBROEHAMMER.COM • 2 W NORTHFIELD ROAD, LIVINGSTON, NJ 07039
 
































































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