M id A tlantic S hopping C enters N ew J ersey S potlight C entral Daniel Lanni handles sale of class “A” trophy asset in Monmouth County Kislak completes $10.3 million sale of Bradley Beach Village in Bradley Beach, NJ

Real Estate Journal — New Jersey — August 15 - 28, 2014 — 5B



highly desirable property due to its newer construction, oc- cupancy, high-end finishes and amenities, and downtown loca- tion next to the Bradley Beach train station, which provides service to and from New York City,” said Robert Holland , president. “Dan and our team did an incredible job generat- ing a tremendous amount of interest for the property in a short period of time. Our ‘hands-on’ sales approach en- sured a smooth and relatively quick closing.” Constructed as condomini- ums in 2009 and later con- verted to rentals, Bradley Beach Village is located at 706 Lareine Ave. in Bradley Beach. The property faces Rte 71, which is Main St., and is six blocks west of the Atlantic Ocean. It is a class “A” trophy asset with 42 residential units that offer abundant in-unit amenities including balconies, granite countertops and wash- ers and dryers, and five retail

RADLEY BEACH, NJ — The Kislak Company, Inc. , the

d o m i n a n t investment real estate sales firm in the tri-state region, an- nounced the $10,300,000 sale of Brad- l ey Beach

Daniel Lanni

Village, a luxury rental prop- erty with 42 residential units and five retail spaces in Brad- ley Beach. Sales associate Daniel Lanni represented both parties in the transaction. Senior vice president Matt Weilheimer provided transac- tion management and support. The sale of Bradley Beach Village is the largest sale of a multifamily property in Mon- mouth County, New Jersey in terms of price and price per unit since 2012 based on data available from CoStar. “Bradley Beach Village is a READINGTON, NJ — Remco Realty Group , a North Brunswick New Jer- s e y b a s e d b r o k e r a g e and proper- ty manage- ment firm, has recently c omp l e t e d the sale of a 28,000 s/f industrial building located at 60 County Line Rd. in Readington. The property was formerly occupied by the Heavy Con- struction division of Volvo Rents, and features five drive- thru bays, an overhead crane, and 10 acres of land. The site was sold to Fer- reira Construction Com- pany , a full-service civil and heavy construction company that delivers a range of con- struction services for large- scale infrastructure projects throughout the tri-state area, Florida and California. P. Gallicchio

Bradley Beach Village

60 days thereafter. The new owner plans to lease out the remaining vacant retail spaces and may sell the property as condominiums in the future.” Financing was provided by Northfield Bank . At the time of closing, the residential units

were fully occupied. One of the five retail spaces was occupied. Lanni joined Kislak in 2010 and specializes in the sale of multifamily and oth- er investment properties throughout Monmouth and Ocean Counties. n

spaces. “Another broker had the listing and was not able to sell it,” said Lanni. “After the seller engaged Kislak on an exclusive basis, we were able to attain an offer and accep- tance within 30 days and close

Joe Marino of Remco Realty completes $585,000 sale of 1.5 acres Peter Gallicchio of Remco Realty completes $3.3m sale

Ferreira has been a local leader in their industry for years, and this move will

p r o v i d e them wi th much need- ed expansion space. R e m c o p r e s i d e n t Peter Gal- licchio rep- resented the

Joe Marino

buyer in this transaction. FRANKLIN TWP., NJ — Peter Gallicchio announced that vice president Joe Ma- rino has recently completed the sale of 1.5 acres located at Cedar Grove Rd. & Como Dr. in Franklin Township, to New Jersey Tabernacle. Remco was appointed as marketing agent, to sell the property on behalf a long time client of the firm, and within 3 months of our marketing campaign, we arrived at fully executed contracts. New Jersey Tabernacle took

60 County Line Rd.

the site through the entitle- ment process with Franklin Township, and intends to construct a house of worship to support their ever expand-

ing congregation. Remco continues to fulfill their landlord and tenant rep- resentation assignments, and has completed several user

and investment sale transac- tions as well. Joe Marino represented both parties in this transac- tion. n

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