Page 14 - RE-NJ

12 MARCH 2024
DEAL SHEET
INDUSTRIAL
An international third-party logistics provider leased 478,000 square feet at 1620 River Road in Burlington. Nate Demetsky of JLL represented ownership, while Drew Maffey and Rick Marchisio of Lee & Associates New Jersey represented the tenant with Michael Lee of Lee & Associates City of Industry.
CROSSTATE ENTERPRISES LLC signed an 84,755-square-foot lease renewal and extension at 11 Jackson Road in Fairfield with Velocity MedTech. Avison Young’s Paul Errigo, Ed English and Ron Ganter represented the tenant.
Leonelli of Sheldon Gross Realty represented ownership, while Bussel Realty Corp. represented the tenant, a freight-forwarding company.
FIDELCO REALTY GROUP leased 27 Haynes Ave., a 4.5-acre site in
Newark, to ARB Parking. Alex Conte, Jason Crimmins and Peter Murano
of The Blau & Berg Co. represented the landlord, while the firm’s Laura Crimmins represented the tenant.
9,180 square feet at 550 Broad
St., a 294,242-square-foot building in Newark, to the Geraldine R. Dodge Foundation. Jon Karnick of Assurance Realty Group and JLL’s Kelsey Nakamura represented the respective parties.
LOONEY REALTY LLC sold 7 North Mountain Ave., a 6,000-square-foot building in Montclair, to Birkhold and Maider LLC. Evergreen Commercial’s Joe Defeo and NAI James E. Hanson’s Jessica Curry represented the seller and buyer, respectively.
VISCEGLIA REALTY GROUP leased 3,600 square feet at Forrestal Professional Center II, a 40,000-square-foot building at 8 Forrestal Road South
in Plainsboro, to VIP Medical Group. Commercial Property Network’s Paul Goldman represented ownership, while Robert Dinner and Robert DiLeo of NAI DiLeo-Bram & Co. represented the tenant.
RESIDENTIAL
A private investor sold 721 6th St., an 11-unit apartment building in Union City, for $2 million. Marcus & Millichap’s Jonathan Zamora represented the seller and procured the buyer.
A private buyer purchased 212-230 Culver Ave., a 1.3-acre development site approved for 365 apartments in Jersey City, for $12.5 million. Yanni Marmarou of IPRG represented the seller.
RETAIL
SERITAGE GROWTH PROPERTIES sold Heritage Square, an 87,318-square- foot property at 1640 Route 22 in Watchung, to Urban Edge Properties for $34 million. JLL’s Jose Cruz, Kevin O’Hearn, J.B. Bruno and Austin Pierce represented the seller and procured the buyer.
FIRST MONTGOMERY GROUP sold Brook’s Edge Plaza, a 70,274-square- foot shopping center at 71-91 South Main St. in Marlboro, for $15.9 million. JLL’s J.B. Bruno, Kevin O’Hearn, Jose Cruz and Shaelyn Nuckel represented the seller.
A local LLC purchased 207 East Broad St., a 35,968-square-foot property in Westfield, for $4.7 million. Marcus & Millichap’s Alan Cafiero, David Cafiero and Dean Matuszewicz represented the seller and procured the buyer.
URBAN EDGE PROPERTIES leased 27,270 square feet at Totowa
Commons, a 271,516-square-foot power center at 545 Route 46 in Totowa, to Lidl. Mike Testa and Bill Farkas of Jeffery Realty Inc. represented the tenant.
LEDGEWOOD INVESTORS LLC leased 13,875 square feet at Ledgewood Commons, a 517,000-square-foot property at 461 Route 10 in the Ledgewood section of Roxbury, to Barnes & Noble. Mike Testa, Shane Wierks and Bill Farkas of Jeffery Realty represented the landlord, while The Goldstein Group’s Marc Palestina and Chuck Lanyard represented the tenant.
SIGNATURE ACQUISITIONS leased a combined 8,158 square feet at 10 Independence Blvd. in Warren to Playa Bowls, Aesthetic Center and Yella’s. CBRE’s Marta Villa represented ownership.
A local investor sold 8201 Bergenline Ave., an 8,100-square-foot mixed-
use building in North Bergen, for $2 million. Marcus & Millichap’s Devin Perez, Alan Cafiero and Brent Hyldahl represented the seller, while the firm’s Jonathan Zamora and Eve Parker secured the buyer.
STAR ASSOCIATES LLC leased 5,800 square feet at 1410 Stelton Road in Piscataway to Vivek Flowers. Deluccia Commercial Group represented both parties.
IVY REHAB PHYSICAL THERAPY and POKE BROS leased a combined 4,120 square feet at Hamilton Plaza, a 175,000-square-foot property at Route 33 and Whitehorse-Hamilton Square
Road in Hamilton. Ed Vasconcellos III of Levin Management Corp. represented ownership, while C.J. Huang of Equity and Joe Sternberg of NAI Mertz represented the respective tenants.
TAQUERIA LA UNICA leased 900 square feet at Pine Brook Plaza,
a 7,941-square-foot property at 6 Route 46 in Montville. Kevin Pelio of Azarian Realty Co. and Renato Rosas of Coldwell Banker represented the landlord and tenant, respectively.
THE ALTA GROUP leased 1,260 square feet at Heights Plaza at 741 Secaucus Road in Jersey City to Dental Associates. Josh Krantz of Lee & Associates New Jersey represented both parties.
ALFRED SANZARI ENTERPRISES leased 52,108 square feet at 10 Maple St. in Norwood to Orthofeet Inc. Resource Realty’s Dan Whitehead represented the tenant, a manufacturer.
LINDEN WAREHOUSE & DISTRIBUTION
leased 50,000 square feet at 1805 Lower Road, a 100,000-square-foot building in Linden, to J. Del Corona & Scardigli USA Inc. Jordan Metz, Benito Abbate and James Friel of Bussel Realty Corp. represented the landlord, while John D’Amato and James McNerney of McBride Corporate Real Estate represented the tenant.
DONNELLY CONSTRUCTION leased 25,714 square feet at 441 Newark Pompton Turnpike in Wayne to an undisclosed refrigerated warehouse user. Peter Scrivo of Palestina Scrivo Properties represented ownership.
THE STRO COS. leased 22,523
square feet at 123 Lehigh Drive,
a 40,000-square-foot building in Fairfield, to Moda Foods. Cushman & Wakefield’s Bill Waxman, Morgan Nitti, Jeff Volpi, Mindy Lissner and David Gheriani represented the landlord, while Brian Wilson of Resource Realty represented the tenant.
THE PICKLE JAR leased 20,000 square feet at 315 Roycefield Road, a 54,600-square-foot building in Hillsborough. Zimmel Associates’ Jason Zimmel brokered the transaction.
BRENTWOOD REALTY leased 3220 Bordentown Ave., a 10-acre property in Old Bridge, to E-ZCARGO Inc. Jonathan Glick and Matthew
OFFICE
KINGS ROW MEDICAL PROPERTIES
acquired 1081 Route 22, a 24,200-square-foot building in Bridgewater, for $10.5 million. Erica Davidson of Lee & Associates New Jersey represented the seller and procured the buyer, with the firm’s Gary Sopko providing transactional support.
NORTHEAST CAPITAL GROUP leased 17,371 square feet at Woodbridge Corporate Plaza, a 630,000-square- foot campus at 485 Route 1 South in the Iselin section of Woodbridge, to GFI Group. Newmark’s Jamie Drummond and Andrew Perrotti represented ownership.
THE BIRCH GROUP signed a 10,583-square-foot lease renewal
at 199 Cherry Hill Road, part of
a 191,249-square-foot complex
in Parsippany, with Business Credentialing Services. Cushman & Wakefield’s William O’Keefe and Courtney Rosenkrantz represented the landlord.
IMPERIAL CONSTRUCTION acquired 51 Commerce St., a 10,000-square-foot building in Springfield. Todd Gannet of The Boniakowski Commercial Real Estate Group represented the seller.
206 BERGEN AVENUE LLC leased a combined 9,415 square feet at 206 Bergen Ave., a 122,205-square-foot building in Kearny, to Pulse Vascular LLC, Cranial Technologies Inc. and IME Plus LLC. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented ownership.
FIDELCO REALTY GROUP leased