Page 14 - RE-NJ

12 MAY 2024
DEAL SHEET
INDUSTRIAL
PRINCIPAL ASSET MANAGEMENT
leased 191,481 square feet at Crossroads Commerce Center at 1980 Route 1 in North Brunswick
to Mayrock Group. Cushman & Wakefield’s Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi and Morgan Nitti represented the landlord.
THE SAADIA GROUP leased 153,320 square feet at 1735 Jersey Ave. in North Brunswick to Kamps Pallets. Mindy Lissner of Cushman & Wakefield represented the landlord, while Avison Young’s Paul Errigo, Ed English and Ron Ganter represented the tenant.
CARRIER ENTERPRISE leased 78,000 square feet at 30 Duke Road in Piscataway. Chuck Fern, Jason Barton and Jack Winge of Cushman & Wakefield represented ownership, with Levin Management Corp. serving as asset manager, while C&W’s Dan Johnsen represented the tenant.
An affiliate of SNOWBALL DEVELOPMENTS LLC acquired 657 Union Blvd., a 52,000-square-foot building in Totowa. Jason Levy and Jeffrey Fulton of Team Resources Inc. brokered the sale.
3220 BORDENTOWN AVENUE LLC
leased 43,000 square feet at 3220 Bordentown Ave. in the Parlin section of Old Bridge to E-Z Cargo. Sheldon Gross Realty represented the landlord, while Anthony Rittwager and Matthew Phillips of Bussel Realty Corp. represented the tenant.
HAENSSLER REALTY CORP. sold 592 Hawthorne Ave., a 10,878-square-foot building in Irvington, to Irvington Industrial LLC. NAI James E. Hanson’s Justin Allessio represented both parties.
ASSOCIATED IMPORTS and an undisclosed tenant leased a combined 7,395 square feet at 24 and 26 Libella Court in Newark. Jason Crimmins, Alessandro (Alex) Conte and Peter
Murano of The Blau & Berg Co. represented ownership in both deals, while also representing the tenant
at 24 Libella. Guzin Bayraktarlar of United Real Estate represented the latter tenant.
AIR PRODUCTS AND CHEMICALS INC. sold 100 East Dewey Ave., an 11.77- acre development site in Wharton,
to West Dewey LLC. NAI James E. Hanson represented the seller, while CBRE’s Thomas M. Mallaney and Denise Kokulak represented the buyer.
COREONE INDUSTRIAL LLC acquired 9101 River Road, a 2.2-acre parcel with an 8,940-square-foot truck terminal building in Pennsauken. Steven Bentolila of Bento Property Group and Solomon Michailow of S2 Property Group brokered the transaction.
A private developer purchased six acres of vacant land at 1006 Route
22 in Lebanon. The Boniakowski Commercial Real Estate Group’s Todd Gannet represented the seller, while Jason Forster of Proventus Properties procured the buyer.
OFFICE
KENNEDY PROPERTY CORP. sold 1099 White Horse Road, a 27,000-square- foot building in Voorhees. Wolf Commercial Real Estate’s Jason Wolf and Evan Zweben represented the seller.
SHELDON GROSS REALTY sold 4810 Belmar Blvd., a 23,661-square-foot building in Wall Township, to CTC Holdings LLC for $5.2 million. Sheldon Gross Realty’s Jonathan Gross, Jonathan Glick and Marcy Gross brokered the transaction.
LAMBS LANE HOLDING LLC sold its interest in an 18,488-square-foot
building at 180 North Dean St. in Englewood to Hahn Properties LLC. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented the seller.
VISION PROPERTIES and
HANA ALTERNATIVE ASSET MANAGEMENT leased 18,000
square feet at 70 Hudson St., a 433,197-square-foot building in Jersey City, to Technogym. Cushman & Wakefield’s Edward Duenas and Robert Lowe represented ownership, while the firm’s Mark Zaziski, Diego Rodino di Miglione and Pat Decker represented the tenant, a fitness equipment maker.
ALFRED SANZARI ENTERPRISES leased 16,262 square feet at Glenpointe,
a 670,000-square-foot campus on Frank W. Burr Boulevard in Teaneck, to Vatech America Inc. Newmark’s Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson represented ownership, while Harlan Hollander of Savills represented the tenant, a dental imaging company.
EXCLUSIVE MANAGEMENT leased 15,287 square feet at 5 Paragon Drive, a 119,089-square-foot building in Montvale, to SeaCube Container. Rick Genthe, Bob Lee and Sean O’Brien of Lincoln Property Co. represented the landlord, while Gregg Najarian and Slava Vaynberg of Savills represented the tenant, a purchaser and lessor of refrigerated shipping containers.
PORTWOOD LLC sold 22 Route 10, an 8,000-square-foot building in the Succasunna section of Roxbury,
to Heritage Succasunna LLC. NAI James E. Hanson’s Joseph Vindigni represented the buyer.
SIGNATURE ACQUISITIONS leased 7,607 square feet at 100 Walnut Ave., a 182,555-square-foot building in Clark, to Hellmann Worldwide Logistics.
A division of APPLE MONTESSORI purchased 48 Carter Road, a 7,200-square-foot building in Lawrence Township. Brett Keays of Commercial Property Network Inc. and Gary Krauss of Pierson Commercial represented the respective parties.
BAYARD STREET PROPERTIES signed
a 7,025-square-foot lease renewal at 231 Clarksville Road, a 27,773-square- foot building in West Windsor,
with Westrick Music Academy. Fennelly Associates’ Jerry Fennelly represented ownership.
HOCROFT 1011-1031 ASSOCIATES LLC
leased 4,282 square feet at 1011 Route 22, a 58,415-square-foot building
in Bridgewater, to MLM Home Improvement LLC. Kushner Real Estate Group’s Justin Gingeleskie and CBRE’s Peter N. Shikar represented ownership, while Deluccia Commercial Group’s Tim Deluccia represented the tenant.
PASSAIC STREET ASSOCIATES LLC
leased 1,750 square feet at 18 West Passaic St., an 8,200-square-foot building in Rochelle Park, to Vyom Donut Management LLC. NAI James E. Hanson’s Jonathan Kristofich
and Josh Levering represented both parties.
RESIDENTIAL
A private investor acquired The Journalist, a 38-unit apartment building at 96-100 Tuers Ave. in Jersey City, for $13.7 million. David Ferber of Matthews Real Estate Investment Services represented both parties.
A private investor sold Marlaw Apartments, a 36-unit garden apartment building at 34-44 Stiles St. in Elizabeth, for $4.8 million. Berkadia’s Nat Gambuzza, Trevor Fiebel, Tim Blashford and Nick Balancia represented the seller.
ORADELL ASSOCIATES LLC sold 456 Kinderkamack Road, a 24-unit apartment complex in Oradell. SAGE Investment Real Estate Advisors’ Greg Pine and Steve Tragash represented the seller.
A private investor purchased The Highlander, a 19-unit apartment building at 420 Highland Ave. in Wood-Ridge, for $3.6 million. Adam
Zweibel and Dante Fusaro of Hudson Atlantic Realty represented the seller.
HARBORPOINT RESIDENTIAL acquired 28-32 West Main St., a 17,600-square- foot property with 10 apartments and two ground-floor retail units in Somerville, for $4.2 million. Marcus & Millichap’s Brent Hyldahl and Alan Cafiero represented the seller and procured the buyer.
RETAIL
SHOPPES AT FLEMINGTON LLC sold the Shoppes at Flemington, a 130,613-square-foot property at 100 Reaville Ave. in Flemington, to 1003 South Hanover LLC for $6.25 million. Marcus & Millichap’s Alan Cafiero and Brent Hyldahl represented the seller.
TIMELESS TREASURES FABRICS OF SOHO LLC leased 42,000 square feet at 3 Mark Road in Kenilworth. David Simon, Catherine Goski-Vasquez and Richard Goski of NAI DiLeo- Bram & Co. represented ownership, while Colliers’ Linda Hill and Doug Bansbach represented the tenant.
VERONICA DEVELOPMENT ASSOCIATES
leased 15,000 and 10,000 square feet at 72 Veronica Ave., a 50,000-square- foot property in the Somerset section of Franklin, to H.N. International Group and Advanced CTS Corp, respectively. Gregory Irving and Anthony Mircovich of Bussel Realty Corp. represented the landlord, while Chris Galiano of NAI DiLeo- Bram & Co. and JLL represented the respective tenants.