Page 18 - RE-NJ

16 SUMMER 2025
DEAL
SHEET
INDUSTRIAL
CENTERPOINT PROPERTIES acquired
191 and 215 Blair Road, a two-
building, 387,526-square-foot
portfolio in the Avenel section of
Woodbridge, for $140.4 million.
Cushman & Wakefi eld’s Gary Gabriel,
Kyle Schmidt and Ryan Larkin
represented the seller.
SOHO STUDIO CORP. sold 800
Coopertown Road, a 273,000-square-
foot building in Delanco, to DH
Property Holdings LLC and DRA
Advisors LLC for $30.5 million.
Scott Mertz of NAI Mertz arranged
the sale, while Walker & Dunlop
procured the fi nancing.
CBRE INVESTMENT MANAGEMENT
leased a combined 235,855 square
feet at 200 and 202 Cottontail Lane
in the Somerset section of Franklin
to Scentbird and Calibre Scientifi c.
CBRE’s Kevin Dudley, Chad Hillyer
and Kate Granahan represented
ownership, while the fi rm’s Nicholas
Klacik and JLL’s Gary Politi and
Micheal Viera represented the
respective tenants.
DERMODY leased 105,000 square
feet at 24 North Game Creek Road,
a 323,750-square-foot building in
Carneys Point, to Quince. JLL’s Dean
Torosian represented the landlord,
while Andrew Stypa of Lee &
Associates represented the tenant, a
direct-to-consumer retailer.
BRIDGE INDUSTRIAL and ELBERON
DEVELOPMENT GROUP leased 58,488
square feet at 585 Kapkowski Road
in Elizabeth to Osmo. JLL’s Chris Hile
and Doug Rodenstein represented
ownership, while Newmark’s Brian
Waterman, David Waterman, Al
Petrillo, Christopher Koeck and
Zach Brenner represented the
tenant, a startup that uses artifi cial
intelligence to create and detect
smells.
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31 INDUSTRIAL AVE ESTATES LLC
leased 14,449 square feet at 31
Industrial Ave., a 54,000-square-foot
property in Mahwah, to The Artistic
Group. NAI James E. Hanson’s
Andrew Somple and Jessica Curry
represented the landlord.
COHEN ASSET MANAGEMENT leased
a combined 12,109 square feet
at 1 Broad Ave., a 69,202-square-
foot building in Fairview, to two
undisclosed tenants. NAI James
E. Hanson’s Andrew Somple and
Jessica Curry represented the
landlord.
TOJO LLC leased 12,000 square feet
at 101 Harper St. and 21 Avenue C
in Newark to Georgian Land LLC.
Michael Costa of Bussel Realty Corp.
represented both parties.
An industrial user purchased 383-
387 South 11th St., an 8,400-square-
foot warehouse in Newark, for $1.2
million. Ryan Cerqueira of The
Quinas Companies Inc. arranged the
sale.
PNK GROUP acquired a 53-acre
industrial development site at the
junction of routes 30 and 73 in
Waterford.
RIDGECUT ROAD acquired a two-
acre industrial service facility at 34
Edgeboro Road in East Brunswick.
Jordan Avanzato of NAI James E.
Hanson and Jason Lundy of JLL
arranged the off-market transaction,
while TJ Sullivan and Mitch
Rothstein of Cushman & Wakefi eld
arranged acquisition fi nancing.
SEVEN C’S INVESTMENT GROUP LLC
sold 2000 Route 35, the site of a
vacant mechanic’s shop and offi ce
facility in South Amboy. Cushman
& Wakefi eld’s Andrew Schwartz,
Jordan Sobel, Andre Balthazard
and Dan Bottiglieri represented the
seller.
OFFICE
KEYSTONE sold Moorestown
Corporate Center, a three-building,
222,888-square-foot portfolio at
224, 228 and 232 Strawbridge
Drive in Moorestown, to Melrose
Solomon Enterprises for $17.6
million. Newmark’s David Dolan,
Angelo Brutico and Anne Klein
represented the seller, while the
firm’s Stephen Comly and Eric
DeStefano sourced financing on the
buyer’s behalf.
IRON ORE PROPERTIES LLC acquired
Cedar Knolls Corporate Center,
a 117,494-square-foot building
and 14 acres of adjacent land at
240 and 255 Cedar Knolls Road
in the Cedar Knolls section of
Hanover Township. Colliers’
Jacklene Chesler and Patrick Norris
represented the seller and procured
the buyer, while Brad Domenico
and Jack Subers of Cushman &
Wakefi eld sourced fi nancing from
First Commerce Bank. Matthew
Schiller and Holly Burke of Murphy
Schiller & Wilkes LLP represented
Iron Ore as legal counsel, with
Yisroel Y. (Jacob) Leshkowitz
representing the seller.
66 YORK LLC sold 66 York St., a
28,273-square-foot building in
Jersey City, to RACIV Corp for $7.43
million. Cushman & Wakefi eld’s
Andrew Schwartz, Jordan Sobel,
Andre Balthazard and Dan Bottiglieri
represented the seller.
BOSTON PROPERTIES leased 21,489
square feet at 506 Carnegie Center, a
280,000-square-foot building in West
Windsor, to Kardigan. JLL’s Vinny
DiMeglio represented the tenant, a
biotech fi rm.
A regional medical practice
acquired 95-97-99 Northfi eld Ave., a
13,500-square-foot complex in West
Orange, for $2 million. Jeannette
Melillo and Jack Maier of Newmark
Associates CRE represented the
seller.
WEST END REALTY OF SOMERVILLE
LLC sold 72 West End Ave., a
7,040-square-foot building in
Somerville, to April First Holdings
LLC for $1.125 million. Deluccia
Commercial Group’s Tim Deluccia
represented both parties.
HANNINGTON ENGINEERING leased
5,750 square feet at 233 Mount Airy
Road, a 66,000-square-foot property
in the Basking Ridge section of
Bernards Township. Brian Wilson of
Resource Realty of Northern New
Jersey arranged the lease.
DEVEREUX ADVANCED BEHAVIORAL
HEALTH leased 4,816 square feet at
399 Campus Drive, a 125,037-square-
foot building in the Somerset section
of Franklin. Joshua Glussky of
Sheldon Gross Realty arranged the
deal.
A local nonprofi t leased 2,116 square
feet at 108 Kings Highway South in
Cherry Hill. Vantage Commercial’s
Emily Stein and John Doss
represented the landlord.