Page 15 - RE-NJ

million. Julie Gralla of The Kislak Co. Inc. represented the seller and procured the buyer.
A private investor purchased 62-64 Van Winkle St., a 17-unit apartment building in Passaic. Cervelli Real Estate & Property Management’s Chris Cervelli and Chris Gerena arranged the transaction.
A private investor acquired 335 Central Ave., an eight-unit apartment building in Jersey City, for $3.3 million. Tom Misuraca of Keller Williams Realty Inc. represented the buyer.
RETAIL
PRINCIPAL ASSET MANAGEMENT sold Hartford Corners, a 214,896-square- foot shopping center at Route 130 and South Fairview Street in Delran, to Haverford Properties Inc. JLL’s Jim Galbally, Christopher Munley, Colin Behr, James Graf and Patrick Higgins represented the seller and procured the buyer, while the firm’s Jim Cadranell represented the buyer to secure acquisition financing.
KAISERMAN CO. INC. sold Barclay Farms Shopping Center, an 87,750-square-foot property at 1401 Marlton Pike in Cherry Hill, to Bergman Real Estate Group and
Capstone Realty Group USA for $16.1 million. Jerome Kranzel of CBRE represented the seller, while Steven Fleissig of Greenberg Traurig LLP represented the buyers.
AGUS HOLDINGS and TREECO purchased the site of a 37,630-square-
foot movie theater at 1670 Route 22 in Watchung. JLL’s J.B. Bruno, Kevin O’Hearn, Ryan Robertson and Jose Cruz represented the seller.
712 SPEEDWELL REALTY LLC sold
a 6,280-square-foot mixed-use building at 712-718 Speedwell Ave., a 4,140-square-foot mixed-use building at 720-726 Speedwell Ave. and a 3,500-square-foot warehouse at 3 Franklin Place, all in Morris Plains, to Danny Levato for a combined
$2 million. JLL’s Blake Shanaphy brokered the transaction.
KANOON and H&R BLOCK leased
a combined 4,750 square feet at Brunswick Shopping Center, a 288,000-square-foot property on Milltown Road in North Brunswick. Vanessa Fernandez-Kelty and Fred
Younkin of Levin Management Corp. represented ownership.
SONEHAN CLINTON COURT URBAN RENEWAL LLC leased 3,500 square feet at the base of Crossroads 389, a new 82-unit apartment building at 383-389 Main St. in Hackensack, to Primwayone LLC. NAI James
E. Hanson’s Anthony Cassano represented both parties.
PREMIUM PROPERTY GROUP INC.
leased 3,220 square feet at 735 Route 17 in Ramsey to Sherwin-Williams. George Marogi of Keller Williams City Views Realty and The Goldstein Group’s Neil Goldstein represented the respective parties.
DENHOLTZ PROPERTIES leased 1,970 square feet at The Rail at Red Bank, a 57-unit apartment building with a 7,500-square-foot retail component at 118 Chestnut St. in Red Bank, to Hy- draderm Spa. Gary Krauss of Pierson Commercial represented ownership.
FINANCE
NORTHWIND GROUP originated $35 million in financing to 440 Elizabeth NJ Urban Renewal LLC, the owner of a 216-unit Carmel Towers apartment building at 440 Elizabeth Ave. in Newark. Akiva Drew of Meridian
TM 13 Capital Group sourced the loan on the
borrower’s behalf, while John Vavas of Polsinelli Law Firm represented the lender.
An undisclosed lender provided $18.4 million in debt to Commercial Realty Partners, the owner of an industrial property at 840 Nottingham Way in Hamilton. George Gnad of Lenders
Capital Realty Services secured the loan on the borrower’s behalf.
An undisclosed lender originated a $5.7 million loan to the owner of a new 30,210-square-foot industrial building in Piscataway. David Fryer of G.S. Wilcox & Co. arranged the debt with a 12-year term and 30-year amor- tization with flexible prepayment.
A debt fund closed a $4.5 million acquisition loan to the buyer of 240 West State St., a 240,000-square-foot office building in Trenton. Maverick Commercial Mortgage Inc. sourced the 12-month variable rate financing, while Holly Burke and Kellen Murphy of Murphy Schiller & Wilkes LLP represented the buyer in the deal. RE
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