Page 20 - RE-NJ

18 SUMMER 2025
foot property in Washington Township,
for $6.06 million. Patrick Nutt and
William Wamble of SRS Real Estate
Partners represented the seller.
MAIN LAND MIDDLESEX LLC leased
1,862 square feet at Middlesex
Plaza, an 80,000-square-foot
shopping center at 700 Union Ave.
in Middlesex Borough, to Crêpes
Du Nord. CBRE’s Marta Person Villa
represented the landlord.
NOTHING BUNDT CAKES leased
1,750 square feet at Flemington
Marketplace, a 239,000-square-foot
shopping center at 325 Route 202 in
Flemington. Vanessa Kelty of Levin
Management Corp. represented
ownership, while Stacy Fanelli and
Jamie Sackeim of TSCG represented
the tenant.
JAZZERCIZE operator Stephanie
Schaub leased 1,265 square feet at
Tree Farm Village, an 18,000-square-
foot property at 7 Tree Farm Road in
Pennington. Al Toto of Commercial
Property Network Inc. represented
ownership.
FINANCE
An unidentifi ed lender provided
$300 million in permanent fi nancing
to Advance Realty Investors and
Greek Real Estate Partners in
connection with 1.58 million square
feet of new industrial space at 300,
400 and 700 Linden Logistics Way.
Cushman & Wakefi eld’s John Alascio,
Alex Hernandez, Chuck Kohaut,
TJ Sullivan and Mitch Rothstein
sourced the fi xed-rate debt on the
borrowers’ behalf.
MADISON REALTY CAPITAL and
PEARLMARK provided a $140
million loan to Procida Funding &
Advisors to complete and lease up
Plaza Grande, a 507-unit residential
development at Haddonfi eld Road
and Chapel Avenue in Cherry Hill.
NEW YORK LIFE closed a $90 million
loan to KRE Group to refi nance
Beacon Hill, a new 285-unit
luxury apartment community at
100 Buckingham St. in Marlboro.
Cushman & Wakefi eld’s Alan Blank,
Gideon Gil, Zach Kraft and Dale
Braverman sourced the fi xed-rate
loan on the borrower’s behalf.
SOCIETE GENERALE provided $81
million in fi nancing to Sing Wang
of TKK Capital, the owner of a new
200-unit apartment building at 215
Grove St. in Jersey City. Cushman &
Wakefi eld’s Brad Domenico, Frank
Stanislaski and Jack Subers sourced
the fi ve-year full-term, interest-only
loan alongside Niko Nicolaou and
Ryan Dowd.
ARBOR REALTY TRUST provided $58
million in construction fi nancing to
Shai Benhamou, Michael Shahkoohi
and Ramin Baratian, the developers
of a 197-unit apartment building at
130 Avenue F in Bayonne. Cushman
& Wakefi eld’s Brad Domenico, Frank
Stanislaski and Jack Subers advised
the borrowers.
KEARNY BANK provided a $29.5
million construction loan to Rock
Solid Builders Inc., the developer
of Soho Park Residences, an 85-
unit, age-restricted residential
project at 116 Harrison St. in
Nutley. JLL’s Thomas E. Didio Jr.,
Gerard Quinn, Michael Mataras and
Michael Donohoe sourced the 2.5-
year, fl oating-rate fi nancing on the
borrower’s behalf.
A national life insurance company
provided $27.917 million in
acquisition fi nancing in connection
with Woodmont Liberty, a 120-
unit luxury apartment complex
at Route 517 and Bilby Road in
Independence Township. Cronheim
Mortgage arranged the seven-year,
nonrecourse loan with 42 months of
interest only followed by a 30-year
amortization schedule.
GRANT STREET FUNDING provided
a $22.8 million loan to The Donato
Group, the owner of a four-building,
189,836-square-foot portfolio at 1800
Route 34 in Wall Township. JLL’s
Michael Klein, Max Custer, Ryan
Carroll and Christian Badalamenti
arranged the 10-year, fi xed-rate
fi nancing, with Murphy Schiller &
Wilkes LLP’s Charles J. Wilkes and
Holly Burke acting as lead attorneys
on the borrower’s behalf.
An undisclosed lender provided
fi nancing to The Frassetto Cos.,
the owner of a two-building,
143,265-square-foot industrial
portfolio at 600 Ryerson Road and
6 Frassetto Way in Lincoln Park.
JLL’s Michael Klein, Ryan Carroll
and Tyler Caricato represented the
borrower. RE
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