Page 14 - RE-NJ

12 OCTOBER 2024
DEAL
SHEET
INDUSTRIAL
CAMBER REAL ESTATE PARTNERS
sold an interest in a 25-building,
1.2 million-square-foot portfolio
in Delran, Logan Township,
Evesham, Cinnaminson and Mount
Laurel in New Jersey and Bristol,
Pennsylvania, to Marcus Partners.
CBRE’s Michael Hines, Brad Ruppel,
Joe Hill and Brian Fiumara arranged
the transaction for Marcus Partners,
while the fi rm’s James Millon, Tom
Traynor, Tom Rugg and Mark Finan
arranged acquisition fi nancing for
the portfolio from Blackstone.
MCB REAL ESTATE purchased 400
Fairfi eld Road, a 368,000-square-
foot warehouse in Howell, for $69.9
million.
HARTZ MOUNTAIN INDUSTRIES
leased a combined 109,200 square
feet at 740 Walnut Ave. in Cranford
to Johnstone Supply and Cavalier
Logistics.
SKM 68 LLC sold 68 County Line
Road, a 90,000-square-foot
property in Branchburg, to GDB
International Inc. for $13.97 million.
Zimmel Associates’ David Zimmel
represented the seller.
SAGARD REAL ESTATE acquired 80
Essex Ave. East, an 80,468-square-
foot building in the Avenel section
of Woodbridge, for $24.1 million.
SITEX GROUP leased 65,159 square
feet at 980 New Durham Road in
Edison to Warshaw Inc.
SL INDUSTRIAL PARTNERS
acquired 28 Worlds Fair Drive, a
49,172-square-foot facility in the
Somerset section of Franklin.
Cushman & Wakefi eld’s Andrew
Schwartz, Jordan Sobel, André
Balthazard and Dan Bottiglieri
represented the seller and procured
the buyer.
LONGPOINT PARTNERS’ LONGPOINT
FUND III acquired 340 Kaplan Drive,
a 30,494-square-foot warehouse in
Fairfi eld, from Sitex Group.
WOODMONT INDUSTRIAL PARTNERS
leased 30,046 square feet at 2
Terminal Road in Lyndhurst to
Nemo Tile LLC. Michael Schaible
and Troy Wisse of Lee & Associates
– WBE represented ownership,
while Newmark’s Dan Reider and
Jack Barclay represented the tenant.
85°C BAKERY CAFÉ leased a
30,000-square-foot facility at 8
York Ave. in West Caldwell. David
A. Simon and Kyle Gerace of NAI
DiLeo-Bram & Co. represented the
tenant.
BERARDI BUILDING CO. leased
12,290 square feet at 6 Aaron Way, a
27,000-square-foot facility in Sparta,
to Admiral Metals. NAI James E.
Hanson’s John Schilp represented
the owner.
A longtime owner sold 83-91 West
Forest Ave., a 20,000-square-foot
warehouse in Englewood, for
$5.34 million. Keller Williams’
Tony Nabhan and George Marogi
represented the seller, while James
McNerney of Silver Edge Real
Estate represented the buyer.
RLR CORP. sold 41 Woodbine St., a
12,000-square-foot fl ex building in
Bergenfi eld, to 160 Belmont LLC for
$2.7 million. NAI James E. Hanson’s
Dominic Fittizzi represented the
seller.
MM NJ 2 REALTY LLC leased 7,500
square feet at 197 East Highland
Parkway, a 9,400-square-foot
property in Roselle, to Lucky
Construction LLC. Steve Jaynes of
Bussel Realty Corp. represented
ownership.
A private buyer purchased 27
Cottage St., a 5,000-square-foot
building in Bayonne. William
F. Connors III of the William F.
Connors Agency brokered the
transaction.
AXIS IOS leased 1.42 acres of
industrial outdoor storage space
at 1-23 Tompkins Point Road in
Newark to Container World Corp.
Cushman & Wakefi eld represented
the landlord, while Matthew Phillips
and Anthony Rittwager of Bussel
Realty Corp. represented the tenant.
OFFICE
LINCOLN EQUITIES GROUP leased
127,000 square feet at 311
Pennington Rocky Hill Road, part
of the 1.2 million-square-foot
Princeton West Innovation Campus
in Hopewell, to GenScript ProBio.
W.P. CAREY INC. sold 100 Tormee
Drive, a 90,000-square-foot building
in Tinton Falls, to Rockford
Holdings Group for $14.75 million.
JLL’s Jeremy Neuer and Jose Cruz
represented the seller.
ALFRED SANZARI ENTERPRISES
signed a 61,582-square-foot lease
renewal at Court Plaza North, a
161,204-square-foot property at 25
Main St. in Hackensack, with Cole
Schotz PC.
KEYSTONE PROPERTY GROUP
sold 470 Chestnut Ridge Road,
a 53,730-square-foot building in
Woodcliff Lake, for $9.8 million. Jeff
Dunne, Doug Rodio, Travis Langer
and Dan Blumenkrantz of CBRE
represented the seller.
PERIO IMPLANT MOON LLC leased
space at 160 Summit Ave., a
32,000-square-foot medical offi ce
building in Montvale. Accordia
and Nick Yanakas of CARR Realty
represented the landlord and tenant,
respectively.
SJP PROPERTIES leased 30,000
square feet at Waterfront Corporate
Center I, a 560,000-square-foot
property at 111 River St. in
Hoboken, to Sumitomo Mitsui Trust
Bank. Newmark’s Harrison Russell
represented the tenant.
NORTHBRIDGE CAPITAL INC. leased
25,695 square feet at The Mark,
a 237,087-square-foot building at
100 Enterprise Drive in Rockaway,
to an undisclosed tenant. JLL’s
Chris Conklin, Dan Spero and
Maria Ruberto represented the
landlord, while CBRE’s Sean Morley
represented the tenant.
BGO signed lease three renewals
at Newport Tower, a 1.1 million-
square-foot building at 525
Washington Blvd. in Jersey City,
with Wedbush Securities, Hudson
Edge Investment and Pearson
VUE for a combined 18,815 square
feet. Cushman & Wakefi eld’s David
DeMatteis and Mina Shehata
represented ownership, while
Newmark’s David Kluth and Dan
Reider, Savills’ Chris Marx and
Cresa’s Mike Mckenna represented
the respective tenants.
YMP REAL ESTATE MANAGEMENT
leased 12,090 square feet at 35
Waterview Blvd., a 172,498-square-
foot building in Parsippany, to
Wilmington Paper Corp. NAI
James E. Hanson’s Susan Mason
represented the landlord.
ATKINS COS. leased 9,854 square
feet at 405 Hurffville-Cross Keys
Road, a 70,140-square-foot property
in Washington Township, to ABA
Centers of New Jersey.
INSPIRED BY SOMERSET
DEVELOPMENT leased 7,480 square
feet at Bell Works, a 2 million-
square-foot complex at 101
Crawfords Corner Road in Holmdel,
to FirstEnroll. The Garibaldi Group
represented ownership.
An investor acquired 35 Clyde Road,
a 3,000-square-foot medical offi ce
condominium in the Somerset
section of Franklin Township.
Todd Gannet of The Boniakowski
Commercial Real Estate Group
represented the seller.
RESIDENTIAL
INDIAN OAKS MANOR LP acquired
Indian Oaks Apartments, a 44-unit
apartment and townhome complex
at 6200 Old Harding Highway in the
Mays Landing section of Hamilton
Township, for $5.85 million. Joni
Sweetwood of The Kislak Co. Inc.
represented the seller and procured
the buyer.
PREMIER DEVELOPERS sold The
Doma, a 30-unit apartment building
at 1435 10th St. in Fort Lee, to EBMA
for $16.8 million. Veerman Asset
Management CEO Manveer Sanghera
of brokered the sale.
SW 366 PROSPECT LLC sold Morris
Mews, an 18-unit garden apartment
complex at 366 Prospect Ave. in
Long Branch, to CRE Realty Group
LLC for $3.5 million. Daniel Lanni of
The Kislak Co. Inc. represented the
seller and procured the buyer.
19 HOPKINS AVE LLC purchased 19
Hopkins Ave., a 15-unit apartment
building in Jersey City, for $2.3
million. Marcus & Millichap’s
Jonathan Zamora represented the
seller and procured the buyer.
RETAIL
TOWN CENTER SHORT HILLS CHERRY
HILL LLC leased 40,764 square feet
at Town Center at Short Hills, a
101,195-square-foot property at
480-488 Evesham Road in Cherry
Hill, to an undisclosed tenant. Wolf
Commercial Real Estate’s Eric
Flocco represented the landlord.
GROCERY OUTLET leased 18,978
square feet at Gibbstown Shopping