10C —August 25 - September 14, 2017 —ICSC PA/NJ/DE Idea Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
Team also represents buyer in Indiana sale Cafiero & Sgambati of Marcus &Millichap NJ office organizes the sale of a $2.14m net-leased property P LANO, TX — Marcus & Millichap , announced the sale of a 6,800 s/f ICSC PA/NJ/DE I dea C onference & D eal M aking
net-leased property, occupied by Carraba's, located in Plano, for $2.14 million according to Brian Hosey , regional man- ager of the firm's NJ office. Alan Cafiero and Ben Sgambati , an investment specialist in Marcus & Mil- lichap's New Jersey office, had the listing to market the property on behalf of the seller, a developer. The team secured and represented the buyer, a private investor. Carraba's is located at 3400
Burger King
Carraba’s
N. Central Expressway in Plano. SULLIVAN, IN —Marcus & Millichap announced the sale of a 3,000 s/f net-leased property, occupied by Burger King in Sullivan, IN for $1.327 million. Cafiero and Sgambati se- cured and represented the buyer, a private investor. The regional manager, and broker, assisted in closing this trans- action. Burger King is located at 818 W. Wolfe St. in Sullivan, IN. BAYONNE, NJ —Marcus & Millichap announced the sale of a 5,600 s/f retail property located at 563-567 Broadway, Bayonne for $1.075 million. The property closed at a record number for $192 psf. Fahri Ozturk and Tyler Van Wagoner , investment sales specialists in Marcus & Millichap’s New Jersey office, had the listing to market the property on behalf of the seller, a private investor. Fahri and Tyler also secured and rep- resented the buyer, a private investor. “Broadway has seen a flurry of activity from outside capital seeking investments in a thriving market. The subject property is positioned to benefit from the abundance of new de- velopment and projects coming to Bayonne, specifically along Broadway”, Fahri Ozturk said in a prepared statement. The subject property was ideally located at the corner of 26th St. and Broadway. The building was occupied by a single tenant who recently renewed their lease to remain in the building. This deal marks The Ozturk Group’s 28th transaction total- ing over $65 million since 2015. Furthermore, the deal marks the group’s 4th transaction along Broadway in the past year. n
QUALITY ͻ COMMITMENT ͻ PERFORMANCE
Geotechnical Design & AnalyƐŝƐͻ nvironmental Site Assessments and
www.earthengineering.com Corporate Headquarters: 610-277-0880 ͻ Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 ͻ South Jersey: 856-768-1001
Made with FlippingBook Online newsletter