Page 15 - RE-NJ

LMN FINANCIAL GROUP LLC sold 1683- 1687 St. Georges Ave., a 6,400-square- foot building in Rahway, for $765,000. Daniel Lanni of The Kislak Co. Inc. represented the seller.
GOLDEN YEARS CARE leased 6,184 square feet at Raritan International Center, a 74,061-square-foot complex at 426 Raritan St. in Sayreville.
Kevin Pelio of Azarian Realty Co. represented both parties.
RED TAG FURNITURE OUTLET leased 5,750 square feet at Hamilton Street Center, a 27,700-square-foot complex at 712 Hamilton St. in the Somerset section of Franklin Township. Vanessa Kelty of Levin Management Corp. represented the landlord.
88-160 LINCOLN PLAZA LLC leased 1,320 and 981 square feet at Lincoln Plaza, a 13,468-square-foot property at 88-160 Route 27 in Rahway, to Wingstop and Monmouth Spine & Wellness LLC, respectively. Eric Koons, Chandler Vanderbeek and Connor Vanderbeek of Bussel Realty Corp. represented the landlord.
SUGO leased 2,100 square feet at Springfield Avenue Marketplace,
a 108,000-square-foot property at 204-234 Springfield Ave. in Newark. E.J. Moawad of Levin Management Corp. represented ownership, while Tania Pesante of Real Broker LLC represented the tenant, a pizzeria and Italian restaurant.
KRAFT DEVELOPMENT II LLC leased 1,500 square feet at Glenwood Green Shopping Center, a 354,195-square- foot property at Route 9 and Schulmeister Road in Old Bridge,
to Playa Bowls franchisee Bobby Howell. David Hellman of Platinum Realty Services Corp. represented the tenant.
BRIARWOOD EQUITIES LLC leased 1,250 square feet at Briarwood Shopping Village, a 25,000-square-foot center at 2450-2452 Kuser Road in Hamilton,
to Big Ray’s Steaks, Subs and Wings. Jerry Fennelly and Patrick Dintrone of Fennelly Associates represented the owner.
HOSPITALITY
A private operator sold SpringHill Suites by Marriott Voorhees Mt. Laurel/Cherry Hill, a 117-room property at 1031 Voorhees Drive
in Voorhees Township. JLL’s Ketan Patel, Phil White and Vasilis Halakos represented both parties.
ENGLE BURMAN AT SOMERSET LLC
sold 1860 Easton Ave., a 2.6-acre land parcel in the Somerset section of Franklin, to Choice Hotels International Inc. The Goldstein Group’s Marc Palestina and Chuck Lanyard represented both parties.
FINANCE
A life insurance company provided $81 million in permanent financing to Seagis Property Group for 100 Frontage Road, a 224,900-square- foot warehouse in Newark. JLL’s Jim Cadranell, Gregory Nalbandian and Michael Lachs arranged the five-year, interest-only loan.
PCCP provided a $53.5 million construction loan to Lincoln
Equities Group in connection with 681 Main St., a 204,407-square-foot industrial development in Belleville. Cushman & Wakefield’s John Alascio, Chuck Kohaut, TJ Sullivan
TM 13 and Jason Blankfein sourced the
debt.
BRAVO PROPERTY TRUST originated
a $46 million construction loan to Bayonne Equities BII Urban Renewal for Allora, a 128-unit multifamily project at 281-289 Broadway in Bayonne.
EASE CAPITAL provided $32 million in construction takeout financing to AIRN Management for The Station, a new 97-unit multifamily property at 4901 Bergenline Ave. in West New York. Mark Elletson of Maidstone Advisors represented the borrower.
An entity managed by ARGENTIC INVESTMENT MANAGEMENT LLC provided a $29 million bridge loan to Fernmoor, the developer of
a 144-unit multifamily property known as Mi-Place at Brightmoor at 301 Sicklerville Road in Winslow Township. CBRE’s Matthew Klauer and Cassandra Russell sourced the three-year loan.
EMERALD CREEK CAPITAL closed a $5.4 million loan to refinance a 19- unit apartment building at 425-429 Avenue C in Bayonne. Alex Dobosh and Michael Lee of HKS Real Estate Advisors brokered the transaction. RE
ARCHITECTURE PLANNING INTERIOR DESIGN SUSTAINABILITY