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IRON CAPITAL MANAGEMENT LLC
sold 55 State St., a 9,000-square-foot building in Hackensack, to 55 State St. Holdings LLC. NAI James E. Hanson’s Anthony J. Cassano and Dick Hecker represented both parties.
COMFORT KEEPERS acquired 2670 Nottingham Way, a 7,500-square-foot building in Hamilton, for $1 million. Fennelly Associates’ Jerry Fennelly and Patrick Dintrone represented the seller.
MACARTHUR BOULEVARD ASSOCIATES
leased 5,760 square feet at 777 Corporate Drive, a 115,000-square-foot building in Mahwah, to AT Information Products Inc. NAI James E. Hanson’s Darren Lizzack and Randy Horning represented the landlord, while Cushman & Wakefield represented
the tenant, a provider of inkjet printing solutions for package coding applications.
ALFRED SANZARI ENTERPRISES leased 4,731 square feet at Glenpointe Centre West, a 350,000-square-foot building at 500 Frank W. Burr Blvd. in Teaneck,
to Agam Capital Management LLC. Newmark’s Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson represented ownership.
PAIR PROPERTIES acquired a
1,500-square-foot medical office condominium at 2301 East Evesham Ave. in Voorhees. Wolf Commercial Real Estate’s Corey Hassman represented the buyer.
RESIDENTIAL
PENN PROPERTIES sold a 208-unit garden apartment portfolio at 227
Washington Ave., 71 Lakeland
Road and 440 North Black Horse Pike in the Blackwood section of Gloucester Township to Silverstone Properties for $23 million. Berkadia’s Nat Gambuzza and Trevor Fiebel represented the seller and procured the buyer.
SHARBELL DEVELOPMENT sold Southside Lofts, a 64-unit apartment property at 1 Liberty St. in Robbinsville, for $20 million. Adam Zweibel of Hudson Atlantic Realty represented the seller.
A private investment firm sold a three-building, 26-unit apartment portfolio at 70 Ellis Ave., 79 Hopkins
Place and 509 21st St. in Irvington for $3.255 million. Marcus & Millichap’s Jed Matricaria and Daniel Aviles represented the seller and procured the buyer.
SPAT LLC sold Four Eleven Apartments, a 17-unit building at 411 15th St. in Union City, for $2.115 million. Marcus & Millichap’s Devin Perez, Jed Matricaria, Daniel Aviles, Brent Hyldahl and Alan Cafiero represented the seller and procured the buyer.
RETAIL
ACADIA REALTY TRUST and FORTRESS INVESTMENT GROUP sold Paramus Plaza, a 153,494-square-foot property at 545 Route 17 South in Paramus, to DRA Advisors and First Mile for $36.8 million. Cushman & Wakefield’s Frank DiTommaso, Gary Gabriel, David Bernhaut, Andy Merin, Max Helfman and Mark Gilbert represented the seller, while Brad Domenico of Progress Capital arranged acquisition financing with Bank United.
P3 PROPERTIES sold Smithville Square, a 106,931-square-foot center at 45 South New York Road in Galloway,
to Western Building Co. for $13.7 million. Cushman & Wakefield’s
TM 11 Frank DiTomasso, Andy Schwartz,
Jordan Sobel, Max Helfman, Andre Balthazard and Dan Bottiglieri represented the seller.
BON-MARC REALTY CO., as advised
by Real Estate Asset Management Partners, sold a three-building, 92,523-square-foot portfolio at
17-77 River Road in Fair Lawn to TFE Properties. JLL’s Jose Cruz, Kevin O’Hearn, J.B. Bruno and Ryan Robertson represented the seller and procured the buyer.
FIRST NATIONAL REALTY PARTNERS
acquired Waretown Town Center, an 87,735-square-foot property at Route 9 and Memorial Drive in
the Waretown section of Ocean Township. CBRE’s Colin Behr and Chris Munley represented the seller.
SAM ASH PROPERTIES CORP. sold 1825 Route 27, a 21,929-square-foot property in Edison, for $5.5 million. Marc Shein and Robert V. DiLeo of NAI DiLeo-Bram & Co. represented the seller, while RE/MAX First Realty represented the buyer.
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