SPRINGFIELD, N.J. — Tulfra Real Estate, in partnership with The Hampshire Cos., has completed the disposition of an industrial property located at 21 Fadem Road in Springfield. Shelbourne Global Solutions acquired the property for $12 million. Situated on 5.4 acres, the 122,000-square-foot property was fully leased at the time of closing. Norman Feinstein of The Hampshire Cos. provided in-house representation for the sellers in the deal.
BRIDGEWATER, N.J. — Cushman & Wakefield has brokered the sale of One Grande Commons, an office building located at 400 Route 22 East in Bridgewater. American Equity Partners acquired the 200,000-square-foot property from Mack-Cali for an undisclosed price. The three-story building features a full-height atrium lobby with seating area and is home to pharmaceutical, engineering and law firms. Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer, Andrew Schwartz and Frank DiTommaso of Cushman & Wakefield brokered the transaction.
MOORESTOWN, N.J. — Markeim Chalmers has arranged the sale of an office building located at 505 S. Lenola Road in Moorestown. The estate of Edna Ravikio sold the property to SFA 505 South Lenola Rd LLC for $2.3 million. The building features 48,000 square feet of office space and was 90 percent occupied at the time of sale. Fred Berlinsky, Kevin Burns and Adam Dembo of Markeim Chalmers represented the seller and buyer in the deal.
TOTOWA, N.J. — Tulfra Real Estate has received a $9.5 million loan for the refinancing of an industrial building located at 930 N. Riverview Drive in Totowa. Jon Mikula and Michael Klein of HFF arranged the five-year, fixed-rate loan through Lakeland Bank for the borrower. The property features 91,297 square feet of light industrial space.
MAHWAH, N.J. — NAI James E. Hanson has brokered the sale of an industrial building located at 211 Island Road in Mahwah. 211 Island Road Associates LP sold the 108,237-square-foot building to Mahwah 2016 LLC for an undisclosed price. The buyer will relocate and expand its current Rockland County, N.J.-based business to 32,547 square feet of space at the property. Kenneth Lundberg and Patrick Lennon of NAI James E. Hanson represented the seller in the deal.
PISCATAWAY, N.J. — Bussel Realty Corp. has brokered the acquisition of an industrial property located at 4100 New Brunswick Ave. in Piscataway. ACMY acquired the property from AK Piscataway Associates for $7.8 million. Situated on 11.7 acres, the 95,483-square-foot property features ceiling heights up to 24 feet, 4,890 square feet of office space, 100 covered parking spaces, six tailboards and one drive-in loading door. David Blitt and Robert Sager of Bussel Realty represented the buyer in the transaction.
CLARK, N.J. — Denholtz Associates has received $3.8 million in refinancing for two flex properties, located at 89 and 225 Terminal Ave. within Clark Commercial Center in Clark. The properties total 27,332 square feet of space. KinderCare leases 13,464 square feet of space at 89 Terminal Avenue, and Retro Fitness leases 13,868 square feet of space at 225 Terminal Avenue. Brad Fouss of OceanFirst Bank arranged the refinancing for the borrower through OceanFirst Bank.
FRANKLIN PARK, N.J. — Cronheim Mortgage has secured $10.3 million in refinancing for a grocery-anchored retail center located in Franklin Park. The non-recourse loan features a three-year term and a 30-year amortization schedule. A mix of local and national retailers, including Dollar General and PNC Bank, occupy the 67,531-square-foot property. The name of the borrower was not released.
SOUTH HACKENSACK, N.J. — NAI James E. Hanson has brokered the sale of an industrial building located at 262 Green St. in South Hackensack. Alan Party Rental acquired the 26,000-square-foot building from A&E Green Realty, Rosemont Court Associates and Dody Road Associates for an undisclosed price. The freestanding building features 2,500 square feet of office space, 40 parking spaces, two tailgates and one drive-in door. Jeff DeMagistris and Thomas Vetter of NAI Hanson represented the sellers in the deal.
MOUNT LAUREL, N.J. — An affiliate of Endurance Real Estate Group and Thackeray Partners have purchased a warehouse and distribution facility located at 2000 Bishop Gate Blvd. in Mount Laurel. An undisclosed corporate user sold the 305,250-square-foot property for an undisclosed price. The property features 30-foot clear ceiling heights, 25 dock-high loading doors, an ESFR sprinkler system and Comcast fiber service. CBRE represented the seller in the transaction.
