Page 13 - RE-NJ

DEAL
SHEET
INDUSTRIAL
RUSSO DEVELOPMENT and RIVER
DEVELOPMENT sold 936 Harrison
Ave., a 211,287-square-foot
warehouse in Kearny, to Seagis
Property Group. Cushman &
Wakefield’s Gary Gabriel, Kyle
Schmidt, Ryan Larkin and Seth
Zuidema represented the sellers.
SL INDUSTRIAL PARTNERS leased
162,657 square feet at 2 King Arthur
Court in North Brunswick to US
Pharma Lab LLC. Michael Kimmel
of KBC Advisors represented
the tenant, a health products
manufacturer.
FEDERAL BUSINESS CENTERS leased
158,006 square feet at 400 Clearview
Road in Edison to Packaging &
Distribution Resources. David
Paster and David Blitt of Bussel
Realty Corp. represented the
tenant, a third-party logistics firm.
INTER-METRO FREIGHT subleased
87,103 square feet at 355 Clearview
Road in Edison to Meiya Capital
Inc. Eric L. Koons of Bussel Realty
Corp. represented the subtenant, a
logistics firm.
SNOWBALL DEVELOPMENTS sold 325
Midland Ave., a 73,000-square-foot
warehouse in Garfield, to Deko
International. CBRE’s Kevin Dudley
and Kate Granahan represented the
seller, while Troy Wisse and Michael
Schaible of Lee & Associates –
WBE, along with Justin Smith, Chris
Vassilian and Grant La Bounty of
Lee & Associates’ Irvine, California,
office, represented the buyer.
7 KNICKERBOCKER ROAD LLC
sold 80 Knickerbocker Road, a
70,680-square-foot building in
Moonachie, to Dora’s Naturals
for $20.9 million. KBC Advisors
represented the seller, while
CBRE’s Kevin Dudley, Nicholas
Klacik, Chad Hillyer, Kate
Granahan, Brian Fiumara, Elli
Klapper and Jeremy Wernick
represented the buyer.
ELI REALTY LLC leased 48,000 square
feet at 345 East Weymouth Road in
Buena to High Grass Farms LLC.
Michael Marchese, Ed Flanagan
and Mike Witko of Chilmark Real
Estate Services LLC represented
the tenant.
BACON AND GRAHAM sold 34
East 25th St. a 34,500-square-foot
facility in Paterson, for $5 million.
Greg Sabato and Tom Consiglio of
Resource Realty of Northern New
Jersey brokered the transaction.
BRIDGE LOGISTICS PROPERTIES
leased 24,267 square feet at 5 Plant
Road, a 196,700-square-foot building
in Teterboro, to NAVAC. NAI James
E. Hanson’s Christopher Todd,
Scott Perkins and William Ericksen
represented ownership.
BREAKAWAY ENTERPRISES leased
15,040 square feet at 8400B
Remington Ave. in Pennsauken.
Vantage Commercial’s Emily Stein
and Vince Ceroli represented the
tenant, a maker of commercial
refrigeration gaskets.
ALTMAN LOGISTICS PROPERTIES, the
family office Renard Investments
and DHS Real Estate Investment
Management B.V. acquired 30
and 20 Lanidex Plaza West, the
site of a planned 140,000-square-
foot development project in
Parsippany. Cushman & Wakefield’s
Gary Gabriel and Kyle Schmidt
represented the seller.
OFFICE
SIGNATURE ACQUISITIONS
acquired 30 Independence Blvd.,
a 207,252-square-foot property in
Warren. Cushman & Wakefi eld’s
David Bernhaut, Frank DiTommaso,
Maia Sirabian and Bill Baunach
represented the seller, while the
fi rm’s Brad Domenico arranged
acquisition fi nancing.
RAVINE DEVELOPMENT CO. LLC sold
10 Park Ave., a 154,777-square-foot
property in Hanover Township. JLL’s
Dan Loughlin, Jeremy Neuer, Jose
Cruz, Charlie Dillon, Bob Ryan,
Ryan Robertson and Pranav Patel
arranged the sale.
ABS MANAGEMENT leased 18,339
square feet at The Arbors, a
360,000-square-foot complex at 8
Campus Drive and 7 Sylvan Way in
Parsippany, to Aerotek. JLL’s David
Stifelman, Chris Conklin and Maria
Ruberto represented ownership,
while Cushman & Wakefi eld’s
Brian DeCillis and Ryan O’Keefe
represented the tenant, a staffi ng
company.
ONYX EQUITIES leased 16,222
square feet at 650 From Road, a
348,510-square-foot building in
Paramus, to New Jersey Brain and
Spine. Cushman & Wakefi eld’s Ben
Brenner, David DeMatteis and Mark
Zaziski represented ownership,
while Jonathan Marks and Dennis
Gralla of Cresa New Jersey
represented the tenant.
MONMOUTH SHORES PARK REALTY
leased 12,554 square feet at 1350
Campus Parkway, a 79,642-square-
foot building in Wall Township,
to Specialty Insurance Agency.
Steve Richel and Mike Jensen of
Richel Commercial represented the
landlord, while Princeton Property
Partners’ Sab Russo and Spencer
Page represented the tenant.
SYSTEM ONE HOLDINGS LLC
leased 12,000 square feet at 2025
Lincoln Highway, a 66,130-square-
foot building in Edison. Zimmel
Associates’ David Zimmel
represented ownership.
EASTMAN COS. leased 11,500
square feet at The Eisenhower,
a 384,000-square-foot campus at
290 West Mount Pleasant Ave. in
™ 11
Livingston, to Gordon Rees Scully
Mansukhani LLP. CBRE’s Jon
Meisel, Erin Wenzler and Dan Casey
represented ownership, while Bill
Montana of Savills represented the
tenant.
AMERICAN EQUITY PARTNERS
leased 4,000 square feet at 15
Exchange Place, a 136,000-square-
foot building in Jersey City, to
Essential Properties Realty Trust.
JLL’s Mike Pietrowicz and David
Stifelman represented the landlord,
while Sab Russo and Krista Weaver
of Princeton Property Partners
represented the tenant.
ALFRED SANZARI ENTERPRISES
leased 3,913 square feet at Court
Plaza South, a 155,000-square-
foot property at 21 Main St. in
Hackensack, to Trenk Isabel Siddiqi
& Shahdanian PC. NAI James E.
Hanson’s Andrew Somple, Jessica
Curry and Jonathan Kristofi ch
represented the landlord, while
Cushman & Wakefi eld’s Courtney
Rosenkrantz and Ray Trevisan
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