10B — November 9 - 22, 2018— Central New Jersey — M id A tlantic
Real Estate Journal
C entral N ew J ersey
62 South Main St. and 206 South Main St. in Manville Klapper & Silverman of CBRE arranges $880,000 sale of two mixed-use multifamily
ANVILLE, NJ — CBRE announced t h e s a l e o f two
mixed-use multifamily prop- erties located at 62 South Main St. and 206 South Main St. in Manville. Each building has two commercial units and four residential units, totaling a combined 8,000 s/f. The assets boast prime frontage on Man- ville’s main retail thorough- fare and are currently 100% occupied. CBRE’s Charles Berger , first vice president; Elli Klap- per , first vice president; and Mark Silverman , associate,
206 South Main St.
62 South Main St.
represented the Estate of Dean Mark Shepard in the $880,000 sale and also procured the buyer. “The acquisition of these two mixed-use properties presents the new ownership with an excellent opportunity to own high-quality, stabilized as- sets in the extremely coveted multifamily and medical office sectors,” said Berger. “We have been very active in this market and we were excited to be able to work with the seller and the buyer in arranging a deal that met both their requirements.” “The sale of 62 and 206 South Main St. highlights our ability to create a competitive bidding process and maximize value for our clients,” added Silverman. “Having secured a variety of offers, we were able to lock in excellent terms with the great- est chance of closing.” Portuguese- inspired concept leases 2,700 s/f at Lev i n -managed center EWING TWP., NJ — Pork Chop’s BBQ has leased 2,700 s/f at Capitol Plaza in Ewing Twp. The new location repre- sents the second New Jersey restaurant for the Portuguese- inspired barbecue concept, according to commercial real estate services firmLevinMan- agement Corporation (LMC), exclusive leasing andmanaging agent for 355,000 s/f, mixed-use property. Located on the heavily trav- eled North Olden Avenue at the junction of Route 206 (Princ- eton Avenue), Capitol Plaza serves a residential population of more than 244,200 and a daytime population of 153,000 within a five-mile radius.
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