8C — February 18 - March 17, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
Team of Merin, Whitmer, Lebenstein, Schwartz, Sobel and Balthazard rep. both parties Cushman & Wakefield arranges sale of 28 condominiums in Madison, New Jersey
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at the property can now be offered for sale to the public. The 28 sold units consist of 27 two-bedroom units and one three-bedroom unit. The asset is ideally located three minutes from down- town Madison, which has a walkable downtown area and Midtown Direct train service to New York’s Penn Station. Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and own- ers. Cushman & Wakefield is among the largest real estate services firms with 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. MAREJ Walters celebrates grand opening of Cornerstone at Lumberton LUMBERTON, NJ — Wal- ters held a ribbon-cutting ceremony to celebrate the grand opening of Cornerstone at Lumberton, a LEED-cer- tified community offering 70 income-restricted apartments. The event was held at 1 Cor - nerstone Dr. in Lumberton. Joining the Walters’ staff were state and local officials, including New Jersey Hous- ing and Mortgage Finance Agency (NJHMFA) execu - tive director Melanie Wal- ter , Lumberton Mayor Gina LaPlaca, Deputy Mayor Rue Ryan, Committeeman Ter - rance Benson, Committee- woman Kendra Hatfield, As - semblywoman Carol Murphy. “It’s a thrill and a joy for us to provide this type of quality affordable housing to Burling- ton County,” said Joseph Del Duca , partner and director of affordable housing for Walters. “We put our hearts and souls into every development be- cause we want to create vibrant communities that will endure.” During the ceremony, Walters was honored with a Joint Legislative Resolution patroned by state Assembly- womanMurphy and Senator Troy Singleton, commend - ing the development firm for its contribution to the community. MAREJ
ADISON, NJ — Cushman & Wake- field announced that
the real estate services firm has arranged the sale of 28 units at the Copper Beech Condominiums, a 46-unit condominium asset located at 34 Loantaka Way in Madison. A Cushman & Wakefield team of Andy Merin, Bri- an Whitmer, David Leb- enstein, Andy Schwartz, Jordan Sobel and Andre Balthazard represented the seller, Drew University, and procured the buyer, CB Condo Holdings LLC. “The uniqueness of the
Copper Beech Condominiums add real value, made this a very compelling acquisition for CB Condo Holdings LLC,” said Schwartz.
Copper Beech asset in the highly sought-after Madison market, coupled with the op- portunity for an investor to
The Copper Beech Condo - miniums were constructed in 1990. Due to a recent update to the local zoning code, units
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