Page 16 - RE-NJ #80 Nov.2023

14 WINTER 2023
DEAL SHEET
INDUSTRIAL
ADVANCE REALTY INVESTORS, GREEK REAL ESTATE PARTNERS and PGIM REAL ESTATE leased 197,072 square feet at Linden Logistics Center, a 4.1 million-square-foot campus in Linden, to Fabuwood Cabinetry. CBRE’s Thomas Monahan, Larry Schiffenhaus, Stephen D’Amato and Brian Golden represented ownership.
LXP INDUSTRIAL TRUST sold 4 Apollo Drive, a 127,144-square-foot flight training facility in the Whippany section of Hanover. JLL’s Jose Cruz, Jeremy Neuer, Marc Duval, Jordan Avanzato, Nicolas Stefans, Jason Lundy and Peter Kim represented the seller and procured the buyer.
VHF1575 LLC leased 120,000
square feet at 1575 Jersey Ave., a 129,129-square-foot property in North Brunswick, to Onus Global Fulfillment Solutions. Rubin Realty represented ownership, while David Blitt and Eli Hara of Bussel Realty Corp. represented the tenant.
SITEX GROUP leased 82,200 square feet at 7001 Anpesil Drive, a 210,000-square-foot property in North Bergen, to ReadySpaces. William F. Connors III of the William F. Connors Agency represented ownership.
SERVICE TRUCK TIRE CENTER
purchased 1900 Lower Road, a
67,355-square-foot building in Linden, for $21 million. Christopher Galiano of NAI DiLeo-Bram & Co. represented the buyer.
TEXACO DOWNSTREAM PROPERTIES
CO. signed a 35,000-square-foot lease renewal at 2020 South Stiles St., a 54,940-square-foot building in Linden, with AEX Group. Jordan Metz and Benito Abbate of represented the landlord.
A private entity sold 7A Donna Drive, a 15,000-square-foot warehouse
in Wood-Ridge, for $3.7 million. Marcus & Millichap’s Mark Gjonbalaj and Alan Cafiero represented both parties.
RIDGECUT ROAD and MARCUS PARTNERS leased 11,500 square feet at 456 Hollywood Ave. in South Plainfield to EquipmentShare. Jordan Metz and Ben Abbate of Bussel Realty Corp. represented the tenant, a construction technology firm.
CLR AUTO TRANSPORT leased
352 Oldham Road, a nine-acre trucking facility in Wayne. Jason M. Crimmins, Alessandro (Alex) Conte and Peter J. Murano Jr. of The Blau & Berg Co. represented ownership. Century 21 represented the tenant.
OFFICE
VERT PROPERTIES INC. leased 50,000 square feet at 591 Mantua Blvd. in Sewell to CLM Advisors. Joseph Penzone of Penzone Realty
represented the tenant, a consulting and accounting firm.
THE BERGER ORGANIZATION leased 50,000 square feet at 570 Broad
St., a 200,000-square-foot building in Newark, to Newark Educators Community Charter School. Ebony Parham and Jeannette Melillo
of Newmark Associates CRE represented the tenant.
GENESIS BIO signed a 40,000-square- foot lease renewal at 1000 and 2000 Water View Drive, a 124,000-square- foot complex in Hamilton, with Honeywell International Inc. Fennelly Associates’ Jerry Fennelly
and Pat Dintrone represented ownership, while JLL’s Thomas Romano represented the tenant.
TRIUMVIRATE INVESTMENT LLC leased 16,375 square feet at 400 Fellowship Road, a 41,000-square-foot building in Mount Laurel, to US Radiology Specialists Inc. Wolf Commercial Real Estate’s Bethany Brown represented ownership.
sold 247-251 West First St., a one- acre parcel with a 42,000-square-foot building in Bayonne, to ASAP LLC. JLL represented the seller, while CBRE’s Allison Portera represented the buyer.
LINDEN WHOLESALE & DISTRIBUTION
Our Real Estate, Redevelopment and Planned Real Estate Development Practice Area represents developers and advises many of the state’s top visionaries – from inception through acquisition, construction and occupancy. Our Real Estate Practice Area handles every phase of urban and suburban real estate transactions statewide and uses our relationships to bring people together. We have handled some of the most significant redevelopment projects in the state over the past decade.
Our team is skilled in redevelopment law; long-term tax exemptions; short-term abatements; land acquisition; contracts; state, regional, county and local land use entitlements; financing; joint ventures; creation of subdivisions for planned unit developments and condominiums; and preparation of offering plans and governing documents. We understand how to get property appropriately designated and resolve environmental issues. Our clients include national and public homebuilders as well as regional and local developers.
For more information, please visit our website - www.ghclaw.com - or contact one of our Co-Chairs.
J. Scott Anderson Michael A. Bruno [email protected] [email protected]
www.ghclaw.com (732) 741-3900 Red Bank, NJ Trenton, NJ New York City, NY