14B — January 16 - 29, 2015 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey

Thomas & Walsifer negotiate sale of industrial property situated on ±3.58 acres The Blau & Berg Company negotiates the sale of 72,100 s/f in Perth Amboy, NJ P

ERTH AMBOY, NJ — The Blau & Berg Company negotiated the sale of 940 State St. in Perth Amboy from 940 State Street, LLC to Wang & Xu, LLC. The transaction includ- ed ±72,100 s/f of warehouse and office space with three bays and three grade-level drive-ins. This industrial property is situated on ±3.58 acres and contains one 10- ton crane, two 7.5-ton cranes and two 3-ton cranes. “ David [Thomas] and I had the chance to work with both parties on this transac-

940 State St.

Soloff Realty & Dev. announces redevelopment of Riverdel Plaza Wang & Xu, LLC of Flush- ing, New York plans to retro- fit the former steel manufac- turing facility into a distribu- tion center. The building’s high ceilings and large lot size allowed for a necessary upgrade to the building. The seller will occupy the prop- erty for a short time before relocating. n tion. We are pleased to have helped 940 State Street, LLC throughout this deal, and to assist Wang & Xu, LLC in acquiring their first indus- trial warehouse purchase in Perth Amboy, New Jersey,” said Christian Walsifer , director of The Blau & Berg Company.

Riverdel Plaza

DELRAN, NJ — Reno- vations have recently been completed at Riverdel Plaza, located at 1101 Fairview St. in Delran. The finished reno- vations include new facades, storefront improvements, new pylon signage, and parking lot. The redeveloped Plaza will be anchored by Dollar General, while other tenants include Vid’s Deli, Tina’s Nails, R&B Laundromat, and more. David Dunkelman of Sol- off Realty & Development, Inc. (“SRD”) brokered the sale of the Riverdel Plaza and is now handling the leasing. n

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