S HOPPING C ENTERS N EW J ERSEY
Mid Atlantic Real Estate Journal — New Jersey — Section B
For a retail property located in Morristown, NJ Treitel and Bakst of Meridian Capital Group arrange $13.5 million in permanent financing
Elliot Treitel and vice presi- dent, Mark Bakst , who are both located in the company’s Iselin office. The three-story retail prop- erty is located at 1 North Park Place and totals 132,000 s/f. “Meridian leveraged its very strong relationship with the lender to negotiate highly favorable terms, including a flexible prepayment penalty and no escrows, on behalf of the borrower,” said Treitel. ■
Morristown. The 10-year balance sheet loan features a competitive fixed-rate of 3 . 50% and was provided by a region- a l sav i ng s bank. Thi s transaction was negoti- ated by Me- ridian Capi- tal Group managing director, Elliot Treitel
ORRISTOWN, NJ – Meridian Capital Group, LLC , a lead-
ing national commercial real estate finance and a d v i s o r y firm, negoti- ated a $13.5 million mort- gage for the refinancing of a retail property located in Elliot Treitel
1 North Park Place
Woodmont Properties begins construction on apartment community
OCTOBER 11 - 24, 2013
The Hampshire Companies purchases 234,325 s/f bldg.
HFF marketed 700 Blair Rd., a 234,325 s/f, single-ten- ant, light industrial building on behalf of the seller, GP 700 Blair Rd., LLC, and procured the buyer, The Hampshire Companies . See page 3B.
natural wooded environment that abuts the Whippany River and the historic Patri- ots Path, a 35-mile multi-use nature trail operated by Mor- ris County, providing ample outdoor space. “We built Woodmont Knolls at Hanover to meet the grow- ing demand for luxurious suburban rental homes in this highly desirable neigh- borhood that provides easy access to mass transportation and New Jersey’s convenient roads and highways,” said Lewis Zlotnick , president of Woodmont Properties. “With every community, we aim to provide residents a carefree comfortable lifestyle with up- scale amenities, professional service and a convenient loca- tion and Woodmont Knolls in no exception.” The grounds will have beau- tiful views of the Whippany River and direct access to Patriots Path, Morris County’s Woodmont Knolls at Hanover
HANOVER, NJ — Wood- mont Properties has started vertical construction of a new luxury apartment commu- nity, Woodmont Knolls at Hanover. The company broke ground on the 15-acre site off Cedar Knolls Road last month in prestigious Hanover Town- ship, laying the foundations for what will be a stand-out community comprising 126 one- and two-bedroom flats and carriage homes. Woodmont Knolls is a 10- minute drive to Downtown Morristown and the Mor- ristown Train Station, which provides direct access to Man- hattan. It is also situated near routes 287, 80, 24 and 10, providing an easy commute in and around Morris County, which is home to many corpo- rate headquarters. While close to these major roads, the residences will be surrounded by a private,
most well known recreational trail. Other community ame- nities include an attractive clubhouse equipped with a swimming pool, a fitness cen- ter, sports bar, and a game room with video games and pool tables as well as business center. Some carriage homes will be two stories featuring two master suites. Woodmont also included uniquely spacious floor plans, dramatic 9-foot high ceilings, large walk-in closets and private balconies. The kitchens are being de- signed with modern finishes including granite counter- tops, designer cabinetry, and top-of-the-line stainless steel appliances. The bathrooms also evoke sophisticated and upscale living with oversized walk-in showers and elegant dual-sink vanities. Most car- riage homes will feature pri- vate garages with direct entry to the residence. ■
Bergman Real Estate & Time Equities announce 21,000 s/f
A joint venture of Berg- man Real Estate Group and Time Equities, (TEI) announced that Benefits Consultants Group, Inc., has signed a 21,000 s/f lease at 51 Haddonfield Rd. See page 5B.
S OUTHERN N EW J ERSEY S POTLIGHT .....................5-14B
S OUTHERN NJ AI O RGANIZATION .......................10-11B
ICREW N EW J ERSEY ..............................................20B
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