16A — March 2026 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
EST BERLIN, NJ — Doors and Spaces Industrial Brian Whitmer leads Camden County, NJ deal Doors and Spaces Industrial acquires multi-tenant facility W
Vantage Commercial completes recent sales in Southern New Jersey
(Doors and Spaces) , a vertically in - tegrated in- vestment real estate firm, has acquired its latest New Jersey small- bay indus -
555 Blackwood-Clementon Rd. in Lindenwold
Brian Whitmer
432 Kelley Dr. in West Berlin
trial (SBI) asset at 432 Kelley Dr. in West Berlin, a 16,550 s/f multi-tenant industrial facil - ity. The Camden County trans - action marks the fourth New Jersey acquisition for the firm, led by capital markets veteran Brian Whitmer , co-founder and managing partner. The addition of the five-unit small-bay building aligns with the firm’s strategy to profes - sionalize a historically frag - mented asset class. Positioned less than half a mile from Route 73 and offering immedi - ate access to the New Jersey Turnpike and Atlantic City Expressway, the property pro - vides critical infrastructure to the immediate-area’s expand - ing base of service-sector and distribution tenants. “Our approach is built on the pillars of focused strategic SBI property acquisitions like 432 Kelley Dr. as well as ground- up development,” said Whit - mer. “Buying existing assets while simultaneously building new ones gives us a unique perspective on the asset class. We take the lessons learned from modern, purpose-built construction and apply them directly to our renovations of existing SBI stock. This allows us to cut through the noise and stay laser-focused on catering to what truly matters for the target tenant base and their long-term success.” The launch of Doors and Spaces follows an institutional HACKETTSTOWN, NJ — Azarian Realty Co. is excited to announce that Mountain Pla - za in Rocka - way, NJ, has reached 100% occupancy with its new- est signed lease with La Casa Del Taco. Moun - tain Plaza is a one-story center with five Kevin Pelio
migration toward large-scale logistics displacing smaller tenants and the rise of the entrepreneur economy, which has created a wave of demand for SBI that can accommodate users under 5,000 s/f. As both an operator as well as an inves - tor, Whitmer intends to apply in-house institutional-grade management, proprietary leas - ing technology and construc - tion services to this asset niche, which he characterizes as the apartments of industrial. “Throughout my career, I have focused on assets that are essential to the fabric of the economy,” said Whitmer. “SBI is a ubiquitous necessity, yet it has lacked the profes - sionalized oversight and the economies of scale from port - folio management seen in the multifamily or big-box sectors. As a result, we’re deploying a technology-driven platform to provide high-quality, flexible environments for the entrepre - neurs and regional businesses that are the true engines of economic growth.” Whitmer enters the invest- ment arena with one of the most prolific track records in the New Jersey and NY Metropolitan Area markets. Prior to forming Doors and Spaces, he served as a Vice Chairman within Cushman & Wakefield’s Metropolitan Area Capital Markets Group. Dur - ing his nearly 20-year tenure at the global firm, Whitmer
was part of a team that ex - ecuted over $12.5 billion in total transactional volume. “Our start-from-scratch per - spective has made us a much more particular buyer,” added Whitmer. “There are some non- starters – factors that might not always be common sense – that we’ve learned mean the difference between hitting top- of-the-market rents or not. By applying our development-side insights to existing SBI assets, we ensure every property in our portfolio is optimized for both tenant performance and investor returns.” His background as an ad - visor to the nation’s largest REITs and pension funds pro - vides Doors and Spaces with a unique competitive edge. With direct involvement in over $2.2 billion of multifamily sales and specialized expertise in in - vestment financing, Whitmer brings a “forensic” analytical approach to the acquisition and management of SBI assets – an asset class currently see - ing record-low vacancy rates across the Northeast. A precision-driven invest - ment methodology has estab - lished Doors and Spaces as a highly discerning buyer in the Northeast market – and beyond. The firm utilizes an advisor mindset to identify value-add opportunities that others might overlook, while maintaining a strict list of non- starters. MAREJ
Sharps Run Shopping Center in Medford
more personalized touch than the typical to‑go coffee shop. Emily Stein , managing director, and Ma’or Hemo , sales associate of Vantage Commercial, represented the tenant in this transaction. Their advisory efforts helped Struggle Monkey Cafe secure a strategically positioned loca - tion that aligns with its brand vision and the needs of the Medford area. “Struggle Monkey Cafe in - troduces a welcoming, connec - tion‑driven concept that aligns with the goals of most shop - ping centers,” said Hemo. “Its focus on quality and engage - ment makes it an excellent addition to the property and to the Medford community.” With this new lease, Sharps Run Shopping Center contin - ues to strengthen its position as a well‑visited retail hub, offering diverse services and sustained value to the sur - rounding area. MAREJ
SOUTH JERSEY — Van- tage Commercial, an af- filiate of TCN Worldwide , announced recent transactions in southern New Jersey. 555 Blackwood-Clementon Rd. in Lindenwold has sold. Ken Richardson , VP/part - ner, and John Doss, Sr. ad- visor, represented the seller. In a separate transaction, Vantage Commercial an - nounced a new retail lease at Sharps Run Shopping Center in Medford, welcoming Struggle Monkey Cafe to the property. The addition of this “third wave” coffee shop enhances the center’s reputation as a vibrant, locally focused destination. Struggle Monkey Cafe will occupy 1,400 s/f, introducing a concept centered around high‑quality coffee, light fare, and a warm, inviting environ - ment for residents, profession - als, and families. The cafe’s ar - rival brings an experiential and daily‑use service that offers a
CBRE reps. Paramount Property Management in lease negotiations
NEWARK, NJ — In two transactions arranged by CBRE, Team Management and Project Ready, two ex - panding social work organi - zations, have leased 2,800 and 4,000 s/f, respectively, at Paramount Property Management’s The Academy Building at 17 Academy Street in Newark, NJ. CBRE’s Marta Person Vil- la represented Paramount Property Management in both lease negotiations. “It was extremely gratifying to help these two expand - ing social services organiza - tions find the perfect home at
The Academy Building,” said Villa. “The property benefits from convenient access to public transportation that is so important to their clientele and employees.” The Academy Building, lo - cated at 17 Academy Street in downtown Newark, is a 12-story office tower between Halsey and Broad streets. The building has been home to vari - ous professional services firms over the years, benefiting from its proximity to NJ Transit bus stops, Military Park Station, Newark Penn Station, and the city’s cultural and educational institutions. MAREJ
Azarian Realty Co. brings Mountain Plaza to full occupancy stores and five apartments overhead on a second-story. It has a GLA of 7,229 s/f with 50 parking spaces. currently in Hackettstown. La Casa Del Taco joins other tenants in Mountain Plaza like Hot Tips Nail Lounge, Brushh Crussh, Good Guy Vapes, and Massage 4 All.
La Casa Del Taco will take over a 1,500 s/f space that was formerly occupied by Subway. They will be serving casual quick service restaurant offer - ings like tacos, tortas, soups, dinner platters, and other Mexican street food options. This will be their third loca - tion as they have two locations
Kevin Pelio of Azarian Realty Co. represented the landlord and the tenant in this transaction. Azarian Realty Co. is the exclusive leasing and prop - erty management agent for Mountain Plaza. MAREJ
Made with FlippingBook - professional solution for displaying marketing and sales documents online