Real Estate Journal — April 27 - May 10, 2018 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal

Marks 2ndmulti-million dollar transaction completed with the Blumenberg’s in less than 6 mos. Lee & Associates team of Marchisio, Bartolomeo &Maffey represent purchasers in Springfield, NJ S

DrewMaffey represented the purchasers, Tuli Blumenberg and Duvi Blumenberg. The building hosts a solid tenant roster, and is occupied by SAS Graphics/2XL Imaging and Ring Container. “This was a smooth transaction” said Marchisio. Tuli Blumenberg and Duvi Blumenberg were a pleasure to work with as the purchaser. They performed admirably, and delivered on time. The Fadem Rd. transac- tion marks the second multi- million dollar transaction we have completed with the Blumenberg’s in less than six months”, added Marchisio. 

pringfield, NJ — The New Jersey office of Lee & Associates announce the sale of 50-52 Fa- dem Rd. in Springfield, a mod- ern, 207,000 s/f industrial fa- cility on 10+ acres. Attributes include ceiling heights ranging from 22 to 32 feet, multiple loading docks and executive office space. Situated just off Route 22 in Springfield, the facility has direct, toll free ac- cess to Port Newark/Elizabeth. The team of Rick Marchi- sio, Crista Bartolomeo and Bussel Realty brokers sale of 1076 Route 1 in Avenel, NewJersey Avenel, NJ — Bussel Realty Corp. (BRC) an- nounced its sold 1076 Rte. 1 in Avenel, a 10,125 s/f showroom and industrial property. David Blitt , senior vice president of BRC, and Jeffrey Goldfinger , vice president of BRC, represented the owner, Hillbat Holding Company. Daunno Realty represented the buyer, Preferred Party Rentals. The property sold for $800,000. 1076 Rte. 1 is a 10,125 s/f showroom and industrial building located directly off Route 1 in Avenel. The prop- erty features 16’ ceilings, four grade level loading doors, and 156-feet of frontage on Rte. 1. The property site has parking on the front and sides of the building.  ReadyCap Comm’l. grows bridge lending team NEW YORK, NY — Rea- dyCap Commercial, LLC has hired new team members in Chicago and New York to expand the Bridge Lending team. Mark Blaha joins the Bridge Lending Team as a di- rector of originations to cover the Chicago and Midwest regions. ReadyCap has also added Fernando Mendez as an associate director and J o- ram Coxworth as a produc- tion analyst, to the New York City office.  1076 Rte. 1

50-52 Fadem Rd. aerial

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