Page 11 - RE-NJ

Andrew Schwartz, Jordan Sobel,
Andre Balthazard and Dan Bottiglieri
represented the seller and procured
the buyer.
SILICON ALLEY PROPERTIES LLC sold 20
63rd St., a six-unit apartment building
in West New York, for $1.17 million.
Marcus & Millichap’s Kevin Taub
represented the seller.
A local investor purchased 304 Ege
Ave., a fi ve-unit apartment building in
Jersey City. Gary Baez of Cervelli Real
Estate and Property Management
represented the seller.
RETAIL
OASG HAZLET LLC sold Hazlet Town
Center, a 190,000-square-foot shopping
center in Hazlet, to LJL Realty for $44
million, CBRE’s Jeffrey Dunne, David
Gavin and Travis Langer represented
the seller, while Brian Anderson
of Cushman & Wakefi eld secured
fi nancing.
AAC FORT LEE PROPERTIES LLC
sold Washington Bridge Plaza, a
47,000-square-foot property at 2151
Lemoine Ave. in Fort Lee, to Young
Property LLC for $37 million. Baruch
(Bruce) Herman of Booth Street
Realty represented the seller, while
CJ Huter, Marc Palestina and Lew
Finkelstein of The Goldstein Group
represented the buyer.
A private investor purchased 70 Old
Bloomfi eld Ave., the site of a net-leased
11,266-square-foot daycare center
in Parsippany, for $4.3 million. Alan
Cafi ero, David Cafi ero and John Moroz
of Marcus & Millichap represented the
seller and procured the buyer.
MANDELBAUM & KRUPNICK LLC leased
7,000 square feet at 475 Route 46 East
in Little Falls to Li’s Hot Pot & BBQ.
The Goldstein Group’s Chuck Lanyard
and Chris Conway represented both
parties.
BROOKS BROTHERS leased 5,252
square feet at 32-34 Broad St. in Red
Bank. Peter Wisniewski and Matt
LoBocchiaro of Kislak Commercial
Real Estate Services Inc., while
Patricia AmecAngelo of RIPCO Real
Estate and Rémy deVarenne of CBRE
represented the tenant.
WILLIAMSPACE FURNITURE leased
4,400 square feet at Hamilton Plaza, a
178,065-square-foot shopping center
at 1235 Route 33 in Hamilton. Ed
Vasconcellos III of Levin Management
Corp. and Connie Huang of Coldwell
Banker Realty represented the
landlord and tenant, respectively.
A private investor purchased 1300
Liberty Ave., the site of a 2,800-square-
foot Citizens Bank branch in Hillside,
for $2.325 million. RIPCO Real Estate’s
Mike Horne, Steven Winters, Stephen
R. Preuss Sr., Kevin Louie and Eric
Delafraz represented the seller.
BERGMAN REAL ESTATE GROUP leased
2,500 square feet at Barclay Farms
Shopping Center, an 87,750-square-
foot property at 1409 Marlton Pike in
Cherry Hill, to an undisclosed tenant.
Wolf Commercial Real Estate’s Eric
Flocco represented the landlord.
FINANCE
CDPQ originated a $331 million
construction loan to Tishman Speyer,
the developer of a planned 924-unit
apartment tower at 50 Hudson St. in
Jersey City.
An undisclosed lender provided an
$80.27 million loan to Turnbridge
Equities in connection with its
purchase of a 613,000-square-foot
industrial complex at 169 Pulaski St.
in Bayonne.
™ 9
A life insurance company closed $68
million in fi nancing to an affi liate of
The Hampshire Cos., the developer
of the 270-unit Ora Hackensack
apartment building at 321 Main St. in
Hackensack. Gretchen Wilcox and
Al Raymond of G.S. Wilcox & Co.
sourced the debt.
A life insurance company provided
$31 million in fi nancing to an
affi liate of National Realty and
Development Corp., the owner of the
358,000-square-foot Liberty Square
Center shopping center at 2100
Mount Holly Road in Burlington.
Brandon Szwalbenest, Dev Morris
and Andrew Stewart of Cronheim
Mortgage placed the transaction
with a 10-year term, a 30-year
amortization period and a stepdown
prepayment schedule.
LIGHTSTONE CAPITAL provided a $24
million loan to Friber Group, the
developer of a new 91-unit apartment
building at 55 Washington St. in East
Orange. RE