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Center, a 29,284-square-foot
property at 401 Harmony Road in
the Gibbstown section of Greenwich
Township. Equity Retail Brokers’
Keith Seymour and George Wisnoski
represented the landlord.
JJ OPERATING INC. leased 8,179
square feet at Indian Head Plaza, a
241,333-square-foot property at 1256
Indian Head Road in Toms River, to
TakeFlight Basketball LLC. Michael
Costa of Bussel Realty Corp.
represented the tenant, a basketball
training center.
URBAN EDGE PROPERTIES leased
5,654 square feet at Briarcliff
Commons, a 179,520-square-foot
complex at 1711 Route 10 and
Route 202 in Morris Plains, to
Ugly Dumpling. Jerry Welkis and
Stephan Miller of Welco Realty Inc.
represented the tenant.
ABERCROMBIE & FITCH leased 5,000
square feet at Hoboken House, a
mixed-use development project
at 235-237 Washington St. in
Hoboken. Grid Real Estate’s Bobby
Antonicello Jr. and Hillary Sievers
of JLL represented the landlord and
tenant, respectively.
WS TICE’S CORNER / MARKETPLACE
LLC leased 4,700 square feet at
Tice’s Corner Marketplace, a
120,000-square-foot property at 441
Chestnut Ridge Road in Woodcliff
Lake, to Ethan Allen. Sharon
Maddern of David Adam Realty
represented the landlord, while The
Goldstein Group’s Lew Finkelstein
and CJ Huter represented the
tenant.
KUTIK REALTY ASSOCIATES sold 33
East Palisade Ave., a 4,225-square-
foot property in Englewood, to DMG
33 Palisade for $1.5 million. Marcus
& Millichap’s Alan Cafi ero, David
Cafi ero and John Moroz represented
the seller and secured the buyer.
THE HELLER GROUP leased 3,453
square feet at Nelson’s Corner, a
128,380-square-foot property at
601 Route 206 in Hillsborough, to
Persis Biryani Indian Grill. Pierson
Commercial’s Gregg Medvin
represented the landlord.
TFE PROPERTIES acquired a two-
building, 3,291-square-foot portfolio
at 224 South Main St. in Flemington.
LARKEN ASSOCIATES leased 2,750
square feet at Echo Plaza Shopping
Center, a 66,567-square-foot
property at 901 Mountain Ave. in
Springfi eld, to Momentum Dance
Academy. Brounell & Kramer
Realtors and Coldwell Banker
represented the landlord and tenant,
respectively.
654 MCBRIDE LLC leased 2,570
square feet at 654 McBride Ave.,
an 8,000-square-foot mixed-use
property in Woodland Park, to Holy
Cow Burgers. Chandler Vanderbeek
and Connor Vanderbeek of Bussel
Realty Corp. represented the tenant.
BGO leased 1,448 square feet at
Newport Tower, a 1.1 million-
square-foot building at 525
Washington Blvd. in Jersey City,
to Poke Bowl NYC. Cushman &
Wakefi eld’s Neil Seth and Kathryn
Cruz represented BGO, while RIPCO
Real Estate’s Estelle Holm Pedersen
represented the tenant.
FINANCE
The developer of a 568-unit
apartment portfolio in Bound Brook
and Hackensack has recapitalized
the properties with $29 million in
preferred equity. Berkadia’s Noam
Franklin, Cody Kirkpatrick, Chinmay
Bhatt and Matthew Tu spearheaded
the transaction.
REINSURANCE GROUP OF AMERICA
provided $20 million to refi nance
the Styertowne Shopping Center,
a 236,000-square-foot grocery-
anchored complex at Bloomfi eld
Avenue and Route 3 West in Clifton.
Andrew Stewart, Dev Morris and
Brandon Szwalbenest of Cronheim
Mortgage sourced the 10-year
loan, which has an interest-only
period during the center’s ongoing
renovation, as well as a stepdown
prepay during the fi nal three years of
the loan.
TRUSTAGE provided $9 million in
permanent fi nancing to Commercial
Realty Group, the owner of a
160,999-square-foot warehouse at
700 Bartley Chester Road in the
Flanders section of Mount Olive.
JLL’s Gregory Nalbandian and
Benjamin Morgenthal led the debt
advisory team on the borrower’s
behalf. RE
COMMERCIAL
CONSTRUCTION &
PERMANENT LOANS
With over 130 years of experience, Amboy Bank
is the trusted partner of New Jersey builders.
We pride ourselves on local decision making,
identifying and solving unique challenges and
providing the responsiveness our busy clients
deserve.
RECENT FINANCINGS
CONSTRUCTION/PERMANENT PERMANENT
$12,000,000
$20,500,000
$11,200,000
44 Apartments
102 Apartments
107 Room Residence Inn
Vernon
Orange
WoodbridgeBOB BENI
Senior Vice President
732.591.8700 x5732 I [email protected]