3-14-14

R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 26 Issue 3 March 14 - 27 , 2014 Hawley Realty’s closes $2.662 million

Combs of KLNB represents owner in 1,130 s/f lease WPC closes $35.5 million loan for 8757 Georgia Ave. in Silver Spring, MD S ilver Spring, MD — Washington Prop- ertyCompany (WPC)

ant. A ten year lease of 1,955 s/f of retail space at 100 Water St., Red Bank by Jersey Mike’s Subs from City Centre Plaza, LLC. Edward Hughes and JanTausch represented the tenant. A three year lease of 11,776 s/f of office space at 2100 Route 35, Sea Girt by Roof Diagnos- tics Solar from Sea Girt Center, LLC. Schrader Jr. represented the tenant, and Gregg Nowell and Helena Loelius repre- sented the landlord. A five year lease of 12,500 s/f of office space at 200 Helen St., South Plainfield by G&W Laboratories from Nakash 200 Helen St., LLC. Sitar Jr. and Thomas Monte represented the landlord. A three year lease of 9,105 s/f of office space at 1 Evertrust Plaza by the Highway Toll Authority from Prestige Hospi- tality Service. Robert Giordano and Sitar Jr. represented the tenant. n Real Estate Services rep- resented the tenant. Tim Jaeger and Todd Bosley of CBRE and Joshua Gur- land of WPC represented the owner. 6900 Wi s cons in Ave . , Bethesda, MD – 1,336 s/f Howard Insurance expand- ed by leasing 1,336 s/f. Joshua Gurland of WPC represented the owner. Bethesda Corner, 4719 Hampden Lane, Bethesda, MD – 2,424 s/f KBRKitchen&Bath leased 1,294 s/f. Joshua Gurland of WPC and Matt Skalet of KLNB Retail represented the owner. EmbroidMe leased 1,130 s/f Marathon Property Solu- tions represented the tenant. Joshua Gurland of WPC and Steve Combs of KLNB rep- resented the owner. Patriot Business Park, 7850 Walker Dr., Greenbelt, MD – 4,691 s/f. n

Edison, NJ — Sitar Re- alty Company announced the following real estate transac- tions: The sale of a 332,000 s/f in- dustrial building at 45 Bruns- wickAve. in Edison fromNJND Brunswick Ave., LLC to 45 Brunswick Ave., LLC. The sales prices was $22,444,000. Thomas Monte and William has closed $35.5 million in permanent financing for its 242,000 s/f office building at 8757 GeorgiaAve. in the heart of Silver Spring,MD. USBank provided the loan. Walker & Dunlop represented WPC in the transaction. Originally built in the 1970s, 8757 Georgia Ave. was acquired WPC in 2001 following completion of a $20 million renovation. Current tenants include Social & Sci- entific Systems, Inc., Corin- thian Colleges, and Synergy Enterprises. During the last half of 2014, WPC leased 18,186 s/f of of- fice, retail, and medical space in its MD and VA properties: 8757 Georgia Ave, Silver Spring, MD – 3,226 s/f National Council for the Traditional Arts leased 3,226 s/f. Tom Long of Donohoe

NorthMarq secures $17m refinancing 7A

FC-B

1031 Exchange Spotlight

8757 Georgia Ave.

Sitar Realty Company’sMonte and Sitar Jr. brokers $22.444 million industrial building sale in NJ

Section C

Directory

45 Brunswick Avenue in Edison, NJ

DelMarVa..........................................................7-8A Pennsylvania................................................... 7-21A TriState Organization.......................................... 22A New Jersey.................................................Section B Northern New Jersey. ..................................... 5-12B Financial Digest..........................................Section C

Sitar Jr. represented the buyer. The sale of a 25,900 s/f lot, zoned light industrial, at 201 Memorial Dr., Asbury Park from 917 Cookman, LLC to Asbury Park Developers. The sales price was $550,000. Mar- garet Harvey represented the seller. Afive year lease of 7,984 s/f of office space at 2109 Heck Ave., Neptune by SBH Oceanfront from JLRZ Holdings, LLC. Brian Schrader and Ronald

Schrader Jr. represented the landlord. A five year lease of 5,099 s/f of office space at 90Woodbridge Center Dr., Woodbridge by Modis Inc. from Cenwood As- sociates. Robert Giordano represented the tenant. A five year lease of 6,000 s/f of office space at 1715 Route 34, Wall Township by WaWa, Inc. from Third Ave. Realty, LLC. Robert JanTausch and Douglas Sitar represented both the landlord and the ten-

Upcoming Spotlights March 28, 2014 Best of 2013

www.marejournal.com

Made with