12B — June 8 - 21, 2018— Northern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N orthern N ew J ersey
At 37 Montclair Avenue, Little Falls, NJ. Applebaumof CorporateAmericaRealty&Advisors represents H.C. International in 37,000 s/f lease L housing and administrative office purposes.
Vision Real Estate Partners unveils plans for Parsippany destination property PARSIPPANY, NJ — Imagine starting the day with a quick egg and bagel breakfast on the East Coast and a late morning latte on the West Coast, completely ignoring any need for trans- portation in between. By mid-day, a social but work- ing lunch features a choice of Philly cheese steak sand- wiches or authentic Louisi- ana soul food. After hours, a workout in one of two dis- tinctly themed weight rooms and a sauna visit could end the day right. This bi-coastal amenity theme and impres- sive hospitality-focused ex- perience are central to Vi- sion Real Estate Partners and Rubenstein Partners’ newly unveiled LATITUDE, located on Interpace Park- way in Parsippany. Designed by the joint ven- ture as a comprehensive re- branding and reintroduction of its recently acquired office campus previously known as Morris Corporate Center IV, the multi-million-dollar LATITUDE repositioning will serve to unify and en- hance that original, circa 2000 two-phase develop- ment. The result will be a single, 30-acre campus of- fering 700,000 s/f of premier corporate, health, wellness and lifestyle-focused work spaces. Howard represented the tenant in the original Prologis lease transaction as well . Jen- na Imperatore , vice president and Chad Hillyer , managing director of Jones Lang Lasal- le , represented the Landlord, The Hampshire Real Estate Companies. amenities (food, post office and being across the street from the Municipal Hall Complex) were the major reasons why the H.C. International, Inc. relocated out of its former Carlstadt (“Meadowland”) NJ., location. With its lease expiring and after reviewing current Market alternatives, H.C. Interna- tional, Inc. decided that if the right “package” can be negoti- ated with The Hampshire Real Estate Companies, it would enter into a new lease transac- tion with them.
ittle Falls, NJ — Howard Applebaum , president of Corporate America Realty & Advisors (New Jersey’s Industrial Real Estate brokerage company that specializes in only repre- senting tenants, buyers and investors of industrial real estate) recently represented H.C. International, Inc., one of Country’s leading manufactur- ers and importers of curtains and draperies in the signing of a new lease at 37 Montclair Avenue, Little Falls. The ten- ant occupies 37,000 s/f and is using this facility for ware-
This property was previously owned by Prologis, a owner of industrial properties. It was part of a recent portfolio sale to The Hampshire Real Estate Companies , who are one of New Jersey’s premier real estate investment and developers. Howard stated, that the property’s Little Falls, Pas- saic County location, having great highway access, along with nearby public transporta- tion (commuter rail and bus) as well as walk to all nearby
37 Montclair Avenue
R E C E N T T R A N S A C T I O N S
MULTIFAMILY $30,000,000 DEMATTHEIS PORTFOLIO NJ LOCATIONS | 307 UNITS LIFE COMPANY
INDUSTRIAL $8,600,000 301 RAILROAD AVENUE SHIREMANSTOWN, PA | 254,449 SF BANK
RETAIL $18,500,000 ROSMAN CENTER HAVERSTRAW, NY | 123,073 SF LIFE COMPANY
O U R N E W J E R S E Y T E A M
Gary Cohen Managing Director
David Mindnich Vice President
Marc Nevins Investment Analyst
C O M M E R C I A L R E A L E S T A T E D E B T , E Q U I T Y & S E R V I C I N G
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