12B — March 10 - 23, 2017 — Northern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N orthern N ew J ersey Bussel and Blitt represent owner, Binyan Realty Corp.
Bussel’s Hodgkins handles lease of 53,500 s/f to Kalustyan Corp. at 70 East Willow St., Millburn M illburn, NJ — Bussel Realty Corp. (BRC) , one of the ACMY has purchased 4100 New Brunswick Ave. in Pisca- taway, a 95,483 s/f industrial property.
facturing operations. We as- sisted ACMY in assembling a relocation team that included experts advising on potential State incentives.” n Vision Real Estate Partners heads new commitments, re- newals and expan- sions FORT LEE, NJ — A flurry of tenant activity this fall has resulted in more than 33,000 s/f in new long-term leases, renewals and expansions at 9W Office Center in Fort Lee, announced Vision Real Es- tate Partners . The Mountain Lakes based firm provides asset management, property management and operational support for the 215,000 s/f, class A office asset located at 2200 Fletcher Ave. A long-time 9WOffice Center global wealth management tenant renewed its 12,830 s/f commitment at the property; Jeff Babikian from CBRE represented the financial ser- vices giant in the transac- tion. Overseas Food Trading expanded its lease by 825 s/f for a new total of 9,219 s/f. Ad- ditionally, Jansy, which opened a regional office at 9W Office Center in 2015, also expanded its lease, more than doubling its presence to 7,971 s/f. The company provides product design, manufacturing and packaging solutions. PixarBio Corporation, devel- oper of pain treatment drug NeuroRelease, opened a new office at 9W Office Center, leasing 4,881 s/f. Scott Per- kins, Andrew Somple and Christopher Todd from NAI James E. Hanson rep- resented the tenant; Chris- tian Politan from Cushman & Wakefield assisted the landlord on this transaction. Finally, investment firm Park Avenue Capital renewed its 3,175 s/f lease at the property and was represented by Eric Ladden from Cornerstone . Vision Real Estate Partners’ Tina Swierad , asset manager, spearheaded the recent activity representing 9WOffice Center. The recently renovated, sev- en story building currently is 95.6% percent occupied. It maintains a stable tenant ros- ter anchored by Tranzact and Telemundo; both companies have been located there for more than a decade. n
leading corporate and indus- trial real estate services firms in New Jersey, announced Kalustyan Corp. has fully- leased 70 East Willow St. in Millburn, a 53,500 s/f industrial property. James Hodgkins , vice pres- ident of BRC, represented Kalustyan Corp., and Steve Bussel , president of BRC, and David Blitt , senior vice presi- dent of BRC, represented the owner, Binyan Realty Corp . In a separate transaction,
David Blitt, senior vice pres- ident, and Robert Sager , senior vice president, of BRC, represented ACMY, which purchased the property for $7.85 million. The property was sold by AK Piscataway Associates LP. “After a two-year property search, the Piscataway site was identified as a suitable relocation alternative,” noted Blitt. “ACMY will be relocat- ing their NewYork City manu-
70 East Willow St.
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