22 — July 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey Keystone sells three-building portfolio in Moorestown Newmark arranges sale % financing of office portfolio
Harborlite relocates to 75,000 s/f industrial site Advance Industrial Group announces lease in Plainfield
David Dolan
Angelo Brutico
Anne Klein
Stephen Comly
Eric DeStefano Moorestown Corporate Cen- ter, located at 224, 228, and 232 Strawbridge Dr., sits just off Rte. 38 and Fellowship Rd. in Moorestown. “We’ve worked hard to modernize and reposition Moorestown Corporate Center over the years,” said Randy Johnson , regional director at Keystone, “and we’re pleased to complete this transaction with a buyer who shares our commitment to long-term value and a high-quality ten- ant experience.” MAREJ
OORESTOWN, NJ — Newmark has arranged the sale of Moorestown Corporate Cen- ter, a three-building, 222,888 s/f class A office portfolio in Moorestown. Keystone sold the asset to an affiliate of Mel- rose Solomon Enterprises for $17.6 million. Newmark se- nior managing director David Dolan, associate Angelo Bru- tico , and executive managing director Anne Klein facilitated the sale on behalf of the seller. Newmark executive managing M
director Stephen Comly and assistant vice president Eric DeStefano arranged financing on behalf of the buyer. “The portfolio features a rent roll of five high-quality, long-term tenants with stable cash flow and provides new ownership exceptional upside through the lease-up of the remaining available office space,” said Brutico. “We had the pleasure of working with both seller and buyer to bring this transaction to a successful outcome.”
1000 S 2nd Street in Plainfield
we were dealing with a 280,000 s/f manufacturing facility that had certain legacy features requiring thoughtful solutions to meet modern operational needs. By fostering open dia- logue, aligning priorities, and crafting creative deal terms, our team helped establish a shared vision among all parties. That collaboration enabled us to structure an agreement that balanced im- provements, costs, and long- term value. It’s a great example of how complexities can become win-win when experienced advisors help bridge gaps and turn challenges into opportu- nities. Harborlite now has a facility tailored to elevate their operations, while the property owner secures a strong tenant in a highly competitive indus- trial market. It’s a result we’re incredibly proud of.” MAREJ
CRANBURY, NJ — Ad- vance Industrial Group announced it has successfully closed a lease of 75,000 s/f of industrial warehouse space at 1000 S 2nd St. in Plain- field, on behalf of Harborlite Distribution, a respected and longstanding provider of lo- gistics solutions. The landlord was represented by KSR in the transaction. Advance In- dustrial Group is pleased to support Harborlite’s continued growth and operational success in the region. “Every deal presents its own set of hurdles, and this trans- action was no exception,” said Anthony Rittwager , partner at Advance Industrial Group. “Industrial real estate in New Jersey often means working with older buildings that offer tremendous potential but also unique challenges. In this case,
Hartz unveils new NNJ living & dining destinations
CRANFORD, NJ — Hartz marked the official grand opening of Fairways at Cran- ford with a ribbon cutting ceremony on June 3rd that drew local officials, real estate professionals, and community members to celebrate the un- veiling of the new 250-unit luxury apartment community in Union County. Held on-site at 750 Wal- nut Ave., the event featured remarks from Hartz presi- dent and COO Gus Milano , who reflected on the project’s thoughtful planning, strategic development, and its role in shaping lifestyle-driven living in suburban New Jersey. “Fairways at Cranford rep- resents Hartz’s commitment to creating high-quality, well- designed communities that reflect the needs and aspira - tions of today’s renters,” said Milano. “This development not only offers modern residential options, but also supports the economic vitality of Cranford and Union County.” Additional remarks were delivered by representatives of project partners March Construction and Minno & Wasko Architects and Planners , who served as the construction manager and ar- chitectural firm, respectively. Both firms highlighted the close collaboration, shared vision, and design excellence that brought Fairways at Cranford to life. Following the ceremony,
Larken Associates completes construction of Flemington, NJ industrial property
Hartz marked the official grand opening of Fairways at Cranford with a ribbon cutting ceremony on June 3rd that drew local officials, real estate professionals, and community members.
Flemington Junction Business Center II
32’ clear ceiling heights, 41’ by 50’ column spacing, 15 loading dock doors with levelers, two drive-in doors, heavy power capacity and floor load, and LED motion-sensor lighting. “Our success with Fleming- ton Junction Business Center II illustrates the continued demand for flexible, class A industrial space with access to major markets like NYC and Philadelphia,” said Rob Marek , executive vice presi- dent, Commercial Division at Larken Associates. MAREJ
FLEMINGTON, NJ — Larken Associates an- nounced the completion and full lease-up of Flemington Junction Business Center II, a 50,000 s/f warehouse building located at 20 Minneakoning Rd. in Flemington. Flemington Junction Busi- ness Center II is a multi-tenant industrial property situated in a prime location just off Rte. 31 and near Rtes. 22 and 202, as well as I-78. Designed to meet the varying needs of today’s tenants, the building features
The Reserve at Estuary amenity rooftop
ford offers a range of modern one- and two-bedroom resi- dences featuring high-end finishes, including quartz countertops, custom closets, and energy-efficient stain- less steel appliances. The community incorporates sus- tainable building materials and cutting-edge amenities designed to deliver a superior living experience. MAREJ
guests enjoyed light refresh- ments, live music, and guided tours of the newly completed community. The event offered a first look at how Fairways at Cranford blends natural surroundings with contem- porary living in a walkable, well-connected neighborhood. Set against the scenic back- drop of the Hyatt Hills Golf Course, Fairways at Cran-
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