Page 12 - RE-NJ

10 APRIL 2023
DEAL SHEET
INDUSTRIAL
LINK PROPERTIES leased 611,000 square feet at 301-321 Herrod Blvd. in South Brunswick to GXO Logistics. Marc Petrella of KBC Advisors represented the landlord, while Dave Saltzman of Lee & Associates New Jersey represented the tenant.
CENTERPOINT PROPERTIES leased 321,765 square feet at 1501 West Edgar Road in Linden to CODA Logistics and Distribution. Cushman & Wakefield’s Stephen Elman, Jules Nissim and Stan Danzig represented ownership, while Michael Kimmel of KBC Advisors represented the tenant.
BLACKROCK REALTY ADVISORS
purchased 330 South Randolphville Road, a 297,748-square-foot building in Piscataway, for $80 million. Matthew Schnurr of Lee & Associates New Jersey represented the buyer.
URBAN EDGE PROPERTIES leased a combined 286,382 square feet at East Hanover Commerce Park, a 1.2 million-square-foot complex at 151
Ridgedale Ave. in East Hanover, to Best Way Trucking and Decker Tape Products Inc.
BLUE 701 LLC leased 22,224 square feet at 333 Route 46, a 147,944-square- foot building in Mountain Lakes, to Phase 3 Media LLC. Andrew Somple
and Justin Allessio of NAI James E. Hanson represented the tenant, a printing and marketing firm.
KESSLER-SCHWARTZ ASSOCIATES sold 25 Styertowne Road, a 20,000-square- foot building in Clifton. Josh Krantz of Lee & Associates New Jersey represented the seller.
OFFICE
ADONI PROPERTY GROUP
purchased 131 Morristown Road, a 216,573-square-foot complex
in the Basking Ridge section of
Bernards. Cushman & Wakefield’s David Bernhaut, Gary Gabriel,
Kyle Schmidt, Frank DiTommaso, Andy Schwartz, Jordan Sobel, Andre Balthazard and Bill Baunach represented the seller and procured the buyer.
AMERICAN EQUITY PARTNERS sold 10 Independence Blvd., a 120,623-square- foot building in Warren, to Signature Acquisitions. Frank DiTommaso, David Bernhaut, Andy Merin, Gary Gabriel and Will Gerlin of Cushman & Wakefield represented the seller.
GILBANE DEVELOPMENT CO. sold Crossroads Corporate Center, a 100,925-square-foot building at 3150 Brunswick Pike in Lawrenceville, to a joint venture formed by Simone Realty Inc. JLL’s Jeremy Neuer,
Jose Cruz, Kevin O’Hearn, Thomas Romano, J.B. Bruno and Jason Lundy represented the seller.
CE DEVELOPMENT MANAGEMENT
purchased 515 Union Ave., a 95,800-square-foot building in Totowa. John R. Longo of The Blau & Berg Co. represented the buyer.
THE ECONOMIC DEVELOPMENT AUTHORITY leased 59,558 square feet at the New Jersey Bioscience Center at 661 Route 1 North in North Brunswick to Ascendia Pharmaceuticals. JLL represented ownership, while Savills’ Gregg Najarian and Slava Vaynberg represented the tenant.
AMERICAN EQUITY PARTNERS leased 41,000 square feet at One Tower Center, a 415,000-square-foot building in East Brunswick, to HCLTech. Newmark’s Jamie Drummond represented ownership with support from Stephen Tolkach, Adam Silver, Dan Reider and Andrew Perrotti.
SJP PROPERTIES leased 18,603 square feet at Waterfront Corporate Center I, a 566,215-square-foot building
at 111 River St. in Hoboken, to Faropoint. Cushman & Wakefield’s David DeMatteis and Mina Shehata represented the tenant, a real estate investment firm.
ALFRED SANZARI ENTERPRISES leased 5,909 square feet at Court Plaza North, 160,000-square-foot building at 25 Main St. in Hackensack, to Newman, Simpson & Cohen LLP. Alexander Anderson Real Estate Group’s Josh Folco represented the tenant, a law firm.
FIDELCO REALTY GROUP leased 5,629 square feet at 550 Broad St., a 312,000-square-foot building in Newark, to Victoria Foundation.
RESIDENTIAL
A developer sold 215 East Second St., a 34-unit apartment building in Bound Brook, for $10.84 million. Manveer Sanghera of Veerman Asset Management represented the seller.
An affiliate of RAM DEVELOPMENT sold a six-property, 1.66-acre assemblage
on and around Mechanic Street in Bayonne for $9.9 million. Davis Briones of The Kislak Co. Inc. represented the seller and procured the buyer.
RETAIL
ACFM CORP. sold 107 East Mount Pleasant Ave., a 27,252-square-foot mixed-use property in Livingston,
to HREA LLC for $5.2 million. Andy Schwartz, Brian Whitmer, Jordan Sobel and Andre Balthazard of Cushman & Wakefield represented the seller.
FMCD REALTY LP sold a 26,176-square- foot shopping center at 37 Old Highway 22 in Clinton for $6.18 million. Marcus & Millichap’s Brent Hyldahl and Alan Cafiero represented the seller and procured the buyer.
UNITED LEASEHOLD LLC leased 15,000 square feet at Union Plaza Shopping Center, a 504,850-square-foot property at 2401 Route 22 West in Union Township, to Barnes & Noble. Peter Robbins of Robbins Agency
represented the landlord, while Chuck Lanyard and Marc Palestina of The Goldstein Group represented the tenant.
A private investor purchased 688 Morris Turnpike, a 10,070-square-foot strip center in the Short Hills section of Millburn, for $7 million. Alan Cafiero, David Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller.
MY SALON SUITE leased 7,900 square feet at Aldrich Plaza, a 128,000-square- foot complex on Route 9 just south
of Aldrich Road in Howell. Kendal Hand-Freda and E.J. Moawad of
Levin Management Corp. represented ownership, while Frank Greco of Savills represented the tenant.
CHAKRA REALTY GROUP LLC sold 144 Route 4 West, a 5,000-square-foot building in Paramus, to the Branning Group Inc. The Goldstein Group’s Chuck Lanyard and Marc Palestina represented the seller, while Gregory Panayoti of NIA National Realty
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