REBusinessOnline

NAI Hanson Brokers Sale of 48-Acre Land Parcel for Zip Line Adventure Park in New Jersey

ROXBURY, N.J. — NAI James E. Hanson has brokered the sale of a two land parcels totaling 48 acres that have been approved for a zip line adventure park in Roxbury. NAI James E. Hanson represented the seller, Darl Enterprises LLC. Flagstaff Extreme LLC purchased the two parcels for an undisclosed price. Arizona-based Flagstaff Extreme operates a number of extreme adventure courses in Arizona the Midwest. This will be its first location in the Northeast. The two vacant parcels, which are …

Fantini & Gorga Secures $2.3M Acquisition Financing for Industrial Building in Central Massachusetts

AGAWAM, MASS. — Fantini & Gorga has secured $2.3 million in acquisition financing for an industrial building in Agawam. Jason Cunnane and Cas Groblewski of Fantini & Gorga arranged financing through a Massachusetts-based financial institution on behalf of the borrower, a group of investors. The property features 140,000 rentable square feet and is located on 21 acres of land. The seller was

Gebroe-Hammer Negotiates $5.6M Sale of Multifamily Community in Perth Amboy, New Jersey

PERTH AMBOY, N.J. — Gebroe-Hammer Associates has negotiated the sale of Spring Cove Apartments, a 38-unit, age-restricted community for people age 55 and older in Perth Amboy. The asset traded for $5.6 million. Gebroe-Hammer represented the seller, 675 New Brunswick Avenue LLC, in the transaction. The buyer was a private investor. Located at 75 New Brunswick Ave., the four-story gated property features a lounge and activity area, in-unit washers and dryers, oversized windows, eat-in-kitchens …

HFF Brokers Sale of 27,000 SF Mixed-Use Property in Red Bank, New Jersey

RED BANK, N.J. — HFF has brokered the sale of a 27,000-square-foot mixed-use property in Red Bank. The three-story building is located at 2-10 Broad St. in downtown Red Bank, 25 miles south of New York City. HFF represented the seller, Broad Street Realty Association, in the transaction. Saxum Real Estate purchased the property for an undisclosed sum. The property consists of ground-floor retail, which is fully leased to Urban Outfitters, as well as upper-floor office space. Amenities …

Hampshire Companies Breaks Ground on 45,000 SF Medical Office Building in New Jersey

GLEN RIDGE, N.J. — The Hampshire Companies has broken ground on a three-story, 45,000-square-foot medical office building in Glen Ridge. The facility, located on the site of a former nursing school, is directly across the street from Mountainside Medical Center. Designed to meet the needs of 21st century health care providers, the medical office building will offer physicians and specialists Class A office space to provide care to the local community. The facility is expected to house a range …

Houlihan-Parnes Brokers $27.3M Sale of Apartment Community Near Philadelphia

LINDENWOLD, N.J. — Houlihan-Parnes Realtors has brokered the $27.3 million sale of the Stonington Court apartments, a 456-unit apartment community at 1800 Laurel Road in Lindenwold. The community is located approximately 16 miles southeast of Philadelphia. Robert V. Tiburzi Jr. of Houlihan-Parnes represented the seller, an investment company. The Kislak Co., represented the buyer, a New Jersey-based real estate

Paramount Assets Acquires Four-Story Office Building, Theater in Newark

NEWARK, N.J. — Paramount Assets has acquired 560 Broad Street in Newark. The property includes a 33,000-square-foot, four-story office building and an 18,000-square-foot café and theater. The seller and sales price were not disclosed. Located in the University Heights neighborhood of Newark, the property is nearby the Newark Museum, Newark Public Library, Prudential Center and the New Jersey Performing Arts Center as well as the Newark campuses of Seton Hall and Rutgers

Cushman & Wakefield Brokers Sale of 138,895 SF Retail Center Near Newark

KEARNY, N.J. — Cushman & Wakefield has brokered the sale of Kearny Square, a 138,895-square-foot retail center in Kearny. The retail center was delivered in 2016 and is anchored by BJ’s Wholesale Club and ShopRite. Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Seth Pollack, and Frank DiTommaso II of Cushman & Wakefield represented the seller, the original developer, in the transaction. Bentall Kennedy’s U.S. Core Fund purchased the property for an undisclosed amount. …

BHN Associates Acquires Office Park in Bergen County, New Jersey for $10.8M

RAMSEY, N.J. — BHN Associates has acquired the Office Court of Ramsey, a 78,000-square-foot office park located at 500 Lake St. in Ramsey for $10.8 million. Ramsey is located approximately 28 miles north of Newark. The 8.5-acre property includes 11 buildings and is currently 95 percent leased to 100 tenants. Cushman & Wakefield represented the seller, a private ownership entity, in the

Houlihan-Parnes Arranges Sale of 400,000 SF Business Park in Northern New Jersey

MAHWAH, N.J. — Houlihan-Parnes Realtors has arranged the sale of the Mawah Business Park in Mahwah. The property consists of nearly 400,000 square feet of office and warehouse space. Robert V. Tiburzi, Jr. of Houlihan-Parnes represented the seller, a closely held investment group, in the transaction. A Rockland County, N.Y.-based real estate investment company purchased the property for an undisclosed amount. Attorney Doran Golubtchik of Goldberg Weprin Finkel Goldstein LLP provided legal …

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