10A — June 26 - July 16, 2020 — Retail Development Reimagined — M id A tlantic Real Estate Journal
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R etail D evelopment R eimagined
111-117 West Second Ave. contains a 7,690 s/f Shein and DiLeo of NAI DiLeo-Bram & Co. close sale of mixed-use property in Roselle, NJ R
to investors. We reached out to a wide list of buyers and brokers to expose the prop- erty fully. We then diligently contacted everyone on our list to secure the right buyer for this property at the best possible terms for our client,” he added. The property has the potential to convert the available office space into apartments which broadened its appeal to the buyer said DiLeo. Located just minutes from the Garden State Pkwy and Roselle Park NJ Transit Sta- tion, 111-117 West Second Ave. is convenient to New York City and offers residents a mix of urban and suburban living. Several restaurants, retail stores and parks are nearby. MAREJ SVNMiller's Insley settles on land in Berlin, MD for 7-Eleven BERLIN, MD — Tonney Insley, SVN Miller Com- mercial settled on 3.3 acres at real estate investment, devel- opment, property and asset management company based in Chicago, IL. They felt this market was worthy of their investment and when tasked with the project by 7-Eleven, they mobilized to acquire the land in a walk through the entitlement process. The site has been approved for development and Core Ac- quisitions will be constructing a 7-Eleven convenience store with a car wash. The project is slated to begin construction over the summer and local construction firm Delmarva Veteran Builders will oversee the build. In October of 2018, Insley also sold the SW corner of US Rte. 50 and Samuel Bowen Blvd. That property could see development in the future but is currently available for ground lease. The proposed gas station will be the last service center on US Rte. 50 until entering West Ocean City. MAREJ the SE corner of US Rte. 50 and Samuel Bowen Blvd. in Berlin. The land develop- ment group, Core Acqui- sitions , is a commer c i a l Tonney Insley
OSELLE, NJ — NAI DiLeo-Bram & Co. , the full-service com- mercial brokerage firm re- cently announced that Marc Shein , senior vice president along with Matthew DiLeo , associate, closed the sale of 111-117 West Second Ave., a 7,690 s/f mixed-use property located in Roselle. Shein and DiLeo served as the broker for the property and also se- cured the buyer in the sale. The property is comprised of 7,690 rentable s/f with three retail tenants occupying the first floor of the building, one office tenant located on the
second floor and some vacant office space on the third floor. “We are pleased to have served as the exclusive bro- ker for this unique property,” stated Shein. “The retail in- come, and the upside potential for additional office tenants, made this property attractive Marc Shein Matthew DiLeo
111-117 West Second Ave.
Q u a l i t y E n g i n e e r i n g D e s i g n O v e r 3 9 Y e a r s E x p e r i e n c e w w w . e m t e c - e n g i n e e r s . c o m
MULTIFAMILY . MIXED USE DEVELOPMENT . CORPORATE & OFFICE . INDUSTRIAL & WAREHOUSE . RETAIL . HEALTHCARE . HIGHER EDUCATION . TELECOMMUNICATIONS . MISSION CRITICAL FACILITIES . HOTEL & HOSPITALITY . HIGH END RESIDENTIAL
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