6B — March 2024 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern N ew J ersey
The fully occupied property is located at 390 Central Ave. in East Rutherford, NJ Sagard Real Estate acquires 47,000 s/f newly constructed warehouse
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AST RUTHERFORD, NJ — Sagard Real Estate , formerly
known as EverWest Real Estate Investors, a real estate investment advisor, has announced the acqui- sition of a
John Maurer
47,000 s/f newly constructed warehouse in East Ruther- ford. The warehouse, located at 390 Central Ave. is located 11 miles from midtown Man- hattan and 14 miles from the Port of Newark. “We are very pleased to acquire this state-of-the-art distribution warehouse in one of the most coveted industrial locations in the state. The property is 14 miles from Port Newark, and 17 miles from
390 Central Ave. in East Rutherford, NJ
Port Jersey, and is situated in the Meadowlands submarket, home to some of the largest national and regional dis- tributors looking to service the port with excellent con- nectivity within the greater tri-state area” said John
Maurer , senior managing director, head of equity, for Sagard Real Estate. The fully occupied building includes 3,000 s/f of office space, parking for 41 vehicles, and over 45,000 s/f of ware- house space. Fully leased by
Restaurant Technologies, the commercial building will oper- ate as the company’s Northern New Jersey Hub, serving over 80 fast food and fast casual restaurants around the North- ern New Jersey area. Consistent with the firm’s
strategy of acquiring high-de- mand assets in well-connected and sought-after locations, this acquisition follows Sa- gard Real Estate’s successful track record, including the recent purchase of 135 Mad- dox Rd. in Nashville. MAREJ
Hartz Mountain launches leasing for resort inspired apts.
free summer concerts series. The neighborhood is adjacent to the entrance to the Lincoln Tunnel and a NJ Transit bus stop with frequent non-stop service to and from Manhattan. In addition, the Hudson-Bergen Light Rail is only one block away, providing connections to the PATH system and other lo- cations in Hoboken and Jersey City. Finally, Hoboken Point is located directly on the Hudson River Waterfront Walkway, an 18.5-mile public walkway that runs from the George Washing- ton Bridge all the way south to Hoboken, Liberty State Park in Jersey City and Bayonne. Envisioned as the neighbor- hood’s definitive upscale ad- dress, Hoboken Point includes 262 sanctuary-like residences ranging from studios to two- bedroom-plus-den layouts, all featuring premium condo-level finishes. Each home provides an idyllic version of modern ur- ban living with floor-to-ceiling windows that offer stunning views of the Manhattan sky- line, Hudson River and Hobo- ken; as well as 12’-14’ ceilings in certain units, custom plank French white oak flooring and spacious custom closet sys- tems. Chef-inspired kitchens are equipped with custom- designed gloss white lacquer cabinetry, open shelving de- tails, white quartz waterfall countertops and stainless-steel appliances. MAREJ
WEEHAWKEN, NJ — Hartz Mountain Industries has commenced leasing for Hoboken Point, the luxury resort-style apartment de- velopment situated along the Hudson River on the border of Hoboken in Weehawken's Lin- coln Harbor enclave. Surround- ed by water on two sides with panoramas of the NYC skyline, Hoboken Point caters to the modern 'hybrid' professional, offering a wealth of amenities crafted for balance, wellness and convenience, including an expansive co-working space dubbed the Work Lab. "In an era where hybrid work models redefine the way we live and work, the concept of home has taken on a new sig- nificance," said Gus Milano , president and COO at Hartz Mountain Industries. "It’s now more critical than ever to pro- vide an elevated at-home envi- ronment that balances work, wellness and leisure. Offering a condo-style living experience in rental form, complete with a cohesive array of hotel-inspired amenities, Hoboken Point rises to this challenge, setting a new standard in contemporary liv- ing for New Jersey’s vibrant Gold Coast.” Designed by CetraRuddy , the award-winning architec- ture, interior design and plan- ning firm, Hoboken Point as- cends 15 stories in height from its location at 100 Harbor Blvd.
Hoboken Point
The building is composed of two sculptural towers rising from a landscaped amenity podium that cascades down to the shore. “Hoboken Point’s sculpted form creates a beacon of excel- lence on the shoreline while curating a waterfront lifestyle that reflects the vibrancy of its location,” said John Cetra , FAIA, founding principal of CetraRuddy. CetraRuddy’s interior design stems from the concept of an ‘urban marina’. Throughout the amenity spaces, sinuous curved lines, sophisticated details and warm wood panel-
ing evoke the feeling of being aboard a luxury yacht. At the heart of these offerings is the Work Lab, a nearly 5,200 s/f private coworking space boast- ing panoramic views of the Hudson River. Here, residents can access a professional work environment complete with private conference rooms, com- fortable seating, tech-enabled video conferencing. The Lincoln Harbor neigh- borhood is a 60-acre waterfront area that has evolved from a business and dining destination to a complete live-work-stay- play neighborhood offering a range of lifestyle services
and amenities. The enclave, in addition to sitting on the northern border of Hoboken, is home to a Whole Foods Market; popular culinary destinations such as Blu on the Hudson, Chart House, Ruth's Chris Steak House and more; and the Sheraton Lincoln Harbor Hotel. Lincoln Harbor also features an expansive public park system that includes a dog park, the Weehawken Pier stretching more than 400 feet into the Hudson River with kayak and fishing docks, as well as Lincoln Harbor Park, which plays host to the Hudson Riverfront Per- forming Arts Center’s popular
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