12B — July 12 - 25, 2013 — New Jersey — Mid Atlantic Real Estate Journal
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N ew J ersey
At 20 South Middlesex Avenue Cassidy Turley negotiates sale & lease in Monroe Twp.
S
OMERSET, NJ — Cas- sidy Turley announced the sale of 20 South
ate vice president of Cassidy Turley represented all parties in the sale and lease of the property. Located along the 8A NJ Turnpike submarket, the sale and subsequent lease of the property reflects the continued growth that has resulted in an enormous amount of capital being invested for the area over the past three months. Originally built for Siemens in 1992, the Class A industrial building projects a high-end corporate image featuring 12 percent office space. Another uniquely attractive feature of 20 South Middlesex Avenue
is the 40,000 s/f of additional land available for expansion. The transaction is a result of the Cassidy Turley team’s long-standing relationship with the Spanish confectioner, Sanchez Cano. Charles Fern represented the candy maker three years ago when the company purchased 20 South MiddlesexAvenue as a produc- tion facility. Since that time, the company has relocated its manufacturing and no longer needs the facility. Matrix Realty, Inc. is an institutional investor that established a new fund to purchase industrial buildings in the 8A submarket along the NJ Turnpike. The purchase of this building brings the total portfolio in the area to over two million s/f of industrial space. DiPinto Brothers Group of Companies is an award-win- ning organization special- izing in transportation and warehousing. The lease of 20 MiddlesexAvenue is an expan- sion for the company, which is tremendously growing in a variety of areas. “The location of 20 South Middlesex along the I-95 cor- ridor combined with its unique expansion potential made this property extremely appealing to an institutional investor,” said Fern. Our first-hand knowledge of DiPinto Broth- ers Group of Companies’ needs synergistically created the re- sulting lease opportunity.” n CBRE NJ hires Medina, CRE Professional SADDLE BROOK, NJ — CBRE Group Inc. an- nounced that it has hired
M i d d l e s e x Ave. in Mon- roe Township by Sanchez Cano , LLC t o Ma t r i x Realty, Inc. The 146,529 s/f industrial building was
Charles Fern
leased to DiPinto Brothers Group of Companies in a long-term lease negotiation. Charles Fern , executive managing director, principal and Jason Barton , associ-
Gualberto (“Gil”) Me- dina as an e x e c u t i v e vi ce pres i - d e n t i n b r o k e r a g e s e r v i c e s . Medina will be located in
Gil Medina
CBRE’s Saddle Brook office. Medina will focus on pro- viding and coordinating in- tegrated real estate solu- tions on behalf of corporate, governmental and academic research organizations, in addition to local and global business development across all CBRE service lines. n
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