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Corporate Center, a two-building, 84,000-square-foot property at 12-16 Edgeboro Road in East Brunswick, to RENEX NY. David Zimmel of Zimmel Associates represented ownership.
GREEK DEVELOPMENT leased 2,428 square feet at Highview Industrial Park at 11 Harts Lane in East Brunswick to ELITE Fitness Alliance LLC. RE/MAX First Realty’s Jane Mueller represented the tenant.
AUTO & TRUCK WRECKERS INC. sold 985 Route 57, an 81.6-acre site in the Port Murray section of Mansfield Township, to Irish Meadows LLC. NAI James E. Hanson’s Sig Schorr represented both parties.
OFFICE
PENNMARK PROPERTIES sold The Mount Laurel Office Center,
an 83,216-square-foot portfolio spanning 530, 532 and 534 Fellowship Road in Mount Laurel, for $11.05 million. JLL’s Brett Segal, Doug Rodio and Brett Grifo represented the seller.
KBS leased 53,186 square feet at Woodbridge Corporate Plaza, a six-building, 630,000-square-foot complex in the Iselin section of Woodbridge, to BNP Paribas.
Jamie Drummond and Andrew Perrotti of Newmark Knight Frank represented ownership, while Joe Messina, Allison Melichar and James Schroeder of JLL represented the tenant, a global banking organization.
The joint venture of ONYX EQUITIES LLC, GARRISON INVESTMENT GROUP
LP, TACONIC CAPITAL ADVISORS LP
and AXONIC CAPITAL LLC, with co- investment partner PRUDENTIAL FINANCIAL INC., signed lease extensions at One Gateway in Newark with Greenberg Dauber Epstein & Tucker PC and Landman Corsi Ballaine & Ford PC. The law firms leased 10,823 square feet and 23,563 square feet, respectively. JLL’s Timothy Greiner, Blake Goodman and Colleen Maguire represented ownership.
LINCOLN PROPERTY CO. leased 31,442 square feet at 10 Lanidex Plaza West, a 75,049-square-foot property in Parsippany, to Solix Inc. CBRE’s Thomas M. Mallaney and Denise Kokulak represented the tenant, a technology and consulting firm.
GERBER PRODUCTS CO. subleased 29,974 square feet at 12 Vreeland Road in Florham Park to an unnamed professional services
and information technology firm. Cushman & Wakefield’s William O’Keefe, Charles P. Parmelli and Kelsey Nakamura represented the tenant, while John Cunningham and Fred Hyatt of JLL represented the subtenant.
SHELBOURNE GLOBAL SOLUTIONS leased 22,000 square feet at 53 Frontage Road, a 277,000-square-foot building in Hampton, to The Arc of Hunterdon County. CBRE’s John Goodwin represented the tenant.
50 LAKE LLC leased 20,605 square feet at 50 Lake Center Executive Parkway in the Marlton section of Evesham to Impulse Dynamics. Cushman & Wakefield represented ownership, while Chilmark Real Estate Services’ Michael Marchese and Scott Martin of Avison Young represented the tenant, a medical device company.
JJN REAL ESTATE HOLDINGS LLC leased 13,000 square feet at 1945 Route
70 East, an 18,246-square-foot medical office building in Cherry Hill, to Virtua Medical Group. Wolf Commercial Real Estate’s Jason Wolf and Tammi Coppinger represented ownership.
The owner of Sleep Wellness acquired 31 Darrah Lane, a 9,500-square-foot building in Lawrenceville, for $2.1 million. William Barish and Brett Keays of Commercial Property Network brokered the transaction.
341 NEW ALBANY ROAD ASSOCIATES LP
leased 9,200 square feet at 341 New Albany Road in Moorestown to Paziena Business Venture LLC. Mike Scanzano of Wolf Commercial Real Estate represented the tenant, a consulting firm.
RPM 1 sold 17-10 River Road, a 6,100-square-foot office condo in Fair Lawn, to Ho-Ho-Kus Inc. NAI James E. Hanson’s Darren M. Lizzack and Randy Horning represented the seller.
RESIDENTIAL
NOVA EO PORTFOLIO I LLC sold 57-
73 South Walnut St., a 40-unit apartment property in East Orange, to JBC Land LLC for $6.65 million. Gebroe-Hammer Associates’ David Oropeza represented both parties.
LAREINE AVE LLC + 4810 LLC sold
201 Lareine Ave., a 38-unit rental property in Bradley Beach, for $6.3 million. Adam Zweibel of Gebroe- Hammer Associates represented both parties.
STOLAR CAPITAL 17 LLC sold 20 West Holly St., a 19-unit property in Cranford, to Home Crest Capital LLC for $5.75 million. Gebroe-Hammer Associates’ David Jarvis and Adam Zweibel represented the seller and buyer, respectively.
RETAIL
CONCORDIA SHOPPING MANAGER CORP.
sold the Concordia Shopping Center, a 135,090-square-foot property at 1600 Perrineville Road in Monroe,
to KPR and DRA Advisors for
$32.3 million. JLL’s Chris Munley, Jose Cruz, James Galbally,
Steve Simonelli and Colin Behr represented the seller.
RPC REAL ESTATE and MERION REALTY PARTNERS sold 3103-3117 Route 38 West, a 128,172-square-foot shopping center in Mount Laurel, to Gorman & Co. LLC. Chris Munley, James Galbally, Jose Cruz and Colin Behr of JLL represented the sellers, while a debt placement team including Ryan Ade represented the new owner in sourcing a $12.9 million
REALESTATENJTM 11 fixed-rate acquisition loan with an
institutional capital source.
RD MANAGEMENT LLC and JMF PROPERTIES leased a combined 88,811 square feet at Harbor
View Marketplace, a mixed-use redevelopment in Bayonne, to
Lidl, LA Fitness, CVS Pharmacy, Starbucks and Posh Nails & Beauty Lounge.
BRIDGEBORO SQUARE LLC sold Bridgeboro Shopping Center, a 23,228-square-foot complex at 80-88 Hartford Road in Moorestown, to Universal Building & Construction Inc. for $5.4 million. Rose Commercial Real Estate’s Adam Rose represented the buyer.
LEE-HENIG ELONA sold 160-162 Route
4 East, a 9,000-square-foot building in Paramus, to W Brothers Realty and SMRE Group for $2.15 million. CBRE’s Samuel Bernhaut and Nicole Nannola represented the seller, while Shane Wierks of Jeffery Realty represented the buyer.
An unnamed LLC sold 1155 Route 34, a 6,000-square-foot property
in Aberdeen, for $2.3 million. Marcus & Millichap’s Jason Petrick represented both parties.
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