New Jersey

Broadridge Financial Solutions Leases 160,000 SF Office Space in Downtown Newark

by Amy Works March 1, 2017

NEWARK, N.J. — Broadridge Financial Solutions has signed a long-term lease for approximately 160,000 square feet of office space at 2 Gateway Center in downtown Newark. Broadridge provides communications, technology, managed services, data and analytics solutions to financial firms in capital markets. Dudley Ryan, Cheryl Hardt and Kadeem Goodall-Reid of CBRE represented the landlord, C&K Properties, while Paul Amoruso and Michael Ciotta of Oxford & Simpson Realty Services represented the tenant in the lease transaction.

March 1, 2017

New Jersey Northeast Office

American Water Works Breaks Ground on New Headquarters in Camden, New Jersey

by Amy Works February 28, 2017

CAMDEN, N.J. — American Water Works Co. has broken ground for the company’s new headquarters at One Water Street at the master planned Camden Waterfront in Camden. Slated for completion in late 2018, the five-story, 220,000-square-foot property will house more than 600 employees, consolidating four locations in Southern New Jersey. Robert A.M. Stern Architects is serving as architect, while Gensler is designing the interior of the building. Liberty Property Trust is developing Camden Waterfront, a mixed-use neighborhood.

February 28, 2017

New Jersey Northeast Retail

Marcus & Millichap Brokers $2.4M Sale of Retail Property in Edison, New Jersey

by Amy Works February 27, 2017

EDISON, N.J. — Marcus & Millichap has arranged the sale of Galleria 27, a retail property located in Edison. A private investor acquired the property for $2.4 million. Michael Lombardi and Alexander Pildes of Marcus & Millichap represented the seller, a private investor, and the buyer in the all-cash transaction.

February 27, 2017

Multifamily New Jersey Northeast Seniors Housing

Hammond Hanlon Camp Arranges Sale of Seniors Housing Community in New Jersey

by Amy Works February 24, 2017

CHERRY HILL, N.J. — Hammond Hanlon Camp LLC, a healthcare-focused investment banking firm, has arranged the sale of Cadbury at Cherry Hill, a continuing care retirement community in the Philadelphia suburb of Cherry Hill. Premier Healthcare Management bought the property, which features 138 independent living units, 64 assisted living units and 108 skilled nursing beds.

February 24, 2017

Industrial New Jersey Northeast

Marcus & Millichap Negotiates $7M Sale of Industrial Building in Little Ferry, New Jersey

by Amy Works February 24, 2017

LITTLE FERRY, N.J. — Marcus & Millichap has arranged the sale of an industrial property located at 100-120 Industrial Ave. in Little Ferry. A private investor sold the property for $7 million. Robert Filley, Steve Mariani and Daniel Farley of Marcus & Millichap represented the seller in the transaction. The name of the buyer was not released.

February 24, 2017

Industrial New Jersey Northeast

KW International Leases 83,000 SF Industrial Building in Ridgefield, New Jersey

by Amy Works February 22, 2017

RIDGEFIELD, N.J. — KW International has signed a long-term lease for an industrial building located at 2 Bell Drive in Ridgefield. The Carson, Calif.-based company will occupy the entire 83,000-square-foot speculative building. Mike Markey, Jon Tesser and Reid Wilbraham of Colliers International represented the tenant, while Stephen Elman of Cushman & Wakefield represented the landlord, Sitex Group, in the deal.

February 22, 2017

Industrial New Jersey Northeast

Cushman & Wakefield Facilitates Sale of 324,540 SF Industrial Building in New Jersey

by Amy Works February 21, 2017

MONROE, N.J. — Cushman & Wakefield has arranged the sale of an industrial building located at 26 Englehard Drive in Monroe. A Boston-based advisor acquired the 324,540-square-foot property from Principal Real Estate Investors for an undisclosed price. The property features 45- by 50-foot column spacing, 170-foot truck courts, 48 loading positions and rail line service by Conrail. Gary Gabriel, David Bernhaut, Andrew Merin, Kyle Schmidt, Brian Whitmer, Jules Nissim and Jason Goldman of Cushman & Wakefield represented the seller in the deal.

February 21, 2017

Loans Multifamily New Jersey Northeast

Landsea Closes $102.3M Construction Loan for Condo Project in Weehawken, New Jersey

by Amy Works February 20, 2017

WEEHAWKEN, N.J. — Landsea has closed on a $102.3 million construction loan for Avora, a condominium project in Weehawken. With occupancy scheduled for first quarter 2018, the 11-story building will feature 184 condominium units in one-, two- and three-bedroom layouts, 6,000 square feet of ground-floor retail space, a private screening theater, a business center, a fitness center, an outdoor pool, sun decks, grilling areas and an amphitheater. Thomas Didio, Michael Gigliotti and Dan Cashdan of HFF secured the financing through Bank of the Ozarks for the developer.

February 20, 2017

New Jersey Northeast Retail

Saxum Real Estate Acquires 18,000 SF Retail Building in New Jersey

by Amy Works February 20, 2017

NEW BRUNSWICK, N.J. — Saxum Real Estate has purchased a vacant retail building, located at 37 Easton Ave. in Brunswick, for an undisclosed price. Completed in 2009, the two-story building features 18,000 square feet of space that can be reconfigured to multi-tenant retail, office and residential space. Marc Duval, Jose Cruz, Kevin O’Hearn, Michael Oliver and Stephen Simonelli of HFF represented the undisclosed seller in the deal.

February 20, 2017

Loans New Jersey Northeast Office

Cronheim Mortgage Secures $8.2M Loan for Office Property in Cherry Hill, New Jersey

by Amy Works February 20, 2017

CHERRY HILL, N.J. — Cronheim Mortgage has arranged $8.2 million in refinancing for two office properties located in Cherry Hill. David Turley, Janet Proscia and Jeff Pacailler of Cronheim Mortgage secured the 42-month loan, which features a 30-year amortization and prepayment flexibility, for the undisclosed borrower. The two buildings offer a total of 112,965 square feet of office space.

February 20, 2017

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