4B — October 11 - 24, 2019 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey

Gianis represents purchaser of 31,000 s/f Monroe Twp. medical office Kislak Commercial sells Pondview Plaza in Central NJ for $6.49 million


Daycare and JFK Physical Therapy provided them with stability going forward.” “Steve identified this off- market transaction and the value of its tenancies and their terms and gave his client a better than market cap rate as a result,” added Peter Wis- niewski , Kislak Commercial’s executive vice president. Located on a 4.69 acre site, the medical office space is housed in three separate struc- tures consisting of single story buildings built in 1997 with ample parking at a ratio of 5.00/1,000 s/f, including handi- cap and wheelchair accessible

spaces. Currently at 96% occu- pancy, the buildings are located in a densely populated adult and residential area of Monroe Township, offering very favor- able demographics for tenants. The freestanding buildings have appealing features in- clusive of French windows allowing for abundant natural light, high ceilings, reception and common areas, labora- tory, central heating and air conditioning, and a courtyard. Other amenities include Wi-Fi, a security system and 24 hour building access along with monument signage. Reena Forst, Esq. , of Fisch- er, Porter and Thomas, P.C. represented the buyer.  Bussel Realty Corp. receives 15 th CoStar Power Broker Award EDISON, NJ — Bussel Realty Corp. (BRC) received CoStar’s coveted Power Bro- ker Award, recognizing the firm as a leading commercial real estate services firm in New Jersey. This marks the 15th year that BRC has received the award fromCostar. The Power Broker Award acknowledges those professionals and firms who closed the highest trans- action volume in commercial real estate deals and leads in their respective markets. The CoStar Power Broker Award program has honored the in- dustry’s elite for 19 years. “We are honored to receive this award again from Co- Star, which marks the 15th year our firm has been distin- guished by the industry since Costar began the program 19 years ago,” said Steve Bussel , SIOR , president of BRC. “We believe our customer-focused approach has maintained our growth in market share and deal volume as a leading com- mercial real estate services provider in New Jersey.”  Shown from left: Steve Bussel , SIOR & Bradley Booker, Client Relationship Manager, CoStar.

ONROE TWP., NJ — Kislak Commer- cial Real Estate

Service, Inc. announ c ed the $6 . 485 million sale o f P o n d - view Plaza, a 31,000 s/f medical of- fice located at 100 - 300

Pondview Plaza

Stephen Gianis

Overlook Dr., Monroe Twp. in the heart of Middlesex County. Stephen Gianis , vice presi- dent of commercial sales and leasing, represented the pur- chaser, SNS Real Estate In-

vestment Group, LLC . “This was the second medi- cal office that SNS purchased through Kislak Commercial,” said Gianis. “SNS recognized the strength of tenancy at

Pondview Plaza and submitted a strong offer just below the asking price before finalizing the terms of the sale. Having long term tenants like DaVita Renal Center, Parker Adult


Eastampton, NJ 73 Units Justin Lupo ext 225

Newark, NJ 33 Units - 2 Buildings Michael Salomon ext 243

Belleville, NJ 28 Units Matt Weilheimer ext 272

East Windsor, NJ 2.45 Acres of Land Joni Sweetwood ext 273 Matt Weilheimer ext 272

Jackson, NJ 21,600 SF Retail Michael Kossak ext 240

Elizabeth, NJ 18,735 SF Office Andrew Jonas ext 460

The Kislak Company, Inc. | kislakrealty.com | 732 750 3000

Made with FlippingBook - professional solution for displaying marketing and sales documents online