6A — August 24 - Sept. 13, 2018 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal Jason Crimmins, Kenneth Crimmins & Schipper represent seller The Blau & Berg Company brokers 100,400 s/f warehouse
EARNY, NJ — The Blau & Berg Com- pany announced to- day the sale of a 100,400 s/f industrial warehouse distribu- tion facility located at 76-104 Third Ave. in Kearny. Jason Crimmins, CCIM, SIOR, Kenneth Crimmins, CCIM, SIOR and Michael Schip- per , director, represented the seller, LTL-RE Holding, LLC. The property consists of four units on 5.4 acres, including 86,040 s/f of warehouse space and 12,840 s/f office. The prop- erty boasts an abundance of improved land for outdoor K
76-104 Third Avenue A
Jason Crimmins
Kenneth Crimmins
Michael Schipper
parking and storage, providing an attractive opportunity for tenants in need of warehous- ing with a highly sought-after land component. “Demand for industrial space in New Jersey contin- ues to grow with an increased
JERSEY CITY, NJ — Kathy Anderson , managing partner at Progress Capi- Progress Capital packages $7.23M in loans interest in warehouses, logis- tics and last-mile delivery,” said Schipper. “Situated in an industrial zone in Kearny, and with key upgrades planned by new ownership, this property is an exceptional value-add investment opportunity.”
76-104 Third Avenue B
tal , packaged $7.23 million in loans to re- finance four Jersey City multifamily buildings on behalf of JR City Proper- ties. The four
Kathy Anderson
properties include a mixed-use building at 456-462 Laidlaw Ave. and the three multi- family buildings at 84 Waldo St., 30-41 Bleecker St. and 37 Paterson St. The proper- ties encompass a total of 56 residential units and 3,500 s/f ground-level retail space. All four loans include a 5-year fixed rate at 4.125% accom- panied by a 10-year term and 30-year amortization. The rate will reset for years 6-10. The loan is non-recourse and may be prepaid at any time adhering to a declining prepay schedule. The loan proceeds will be used by 'JR City Properties' to refinance the existing debt on the assets and cash-out a significant amount of equity to fuel the continued expansion of an already robust multifamily portfolio. dancker names Kooi VP & general manager in MD MARYLAND — Nathan Kooi has been named VP and general manager of integrated interior solutions firm danck- er . Kooi will lead dancker’s of- fices in Baltimore and Capitol Heights.
29-Building Campus on 63 +/- Pristine Acres SARANAC LAKE, NY • 600 AMA Way 63+/- acre redevelopment site in Upstate New York. This property is located in Essex County in the scenic Village of Saranac Lake, NY. The property includes approximately 29 structures located in the northeast corner of the Village and was the site of the former Trudeau Sanatorium. Ideally suited for residential, commercial, institutional and recreational development. Call 518-524-7347 to Schedule a Tour Auctions: 12pm Tuesday Sept 25 onsite or bid live online at auction network.com
In Cooperation with Berkshire Hathaway Adirondack Premier Properties - 518-524-7347
Other Upcoming Auctions
AUCTION TODAY! KEENE VALLEY, NY • 133 Beede Lane Historic Lone Pine Camp on 20.5 acres includes several buildings. Furnishings convey! Auctions: 12pm, Fri Aug 24
Former Bank Building BUDD LAKE, NJ • 202 Route 46 1,642+/- sf. Built in 1960. Approx .87ac lot. Bid Online Only at auction network.com August 27 - 29
Condos & Dev Land HOWARD, OH • Apple Valley Condos, 428 Clubhouse Drive Includes 31 condominium units, Development land and manager’s residence Auctions: 12pm, Fri Sep 14
Speedway & Event Center BRANDON, SD • 2012 S Splitrock Blvd One of the most modern & high-tech dirt track facilities in the United States. Concert facilities for 20,000 people. Auctions: 3pm, Sat Sep 15
Keene Valley, NY
NJ PETER COSTANZO AUCTIONEERS, INC. PETER COSTANZO, BROKER (732) 776-7222. NY PHILIP R. HEILIGER RE LIC 10311207661; WILLIAMS & WILLIAMS RE LIC 109911428. OH DANIEL S. NELSON RE LIC BRKP.2018002343; ANDREW WHITE AUC LIC 2003000128; RES AUCTION SERVICES RE LIC # 2009004189. SD DEAN C. WILLIAMS RE LIC 13205; WILLIAMS & WILLIAMS RE LIC 12782 BUYER’S PREMIUM (BUYER’S FEE IN WI) MAY APPLY. 800.801.8003 • williams auction .com/AMA
Mid-Atlantic Real Estate Journal
Made with FlippingBook - Online magazine maker