M id A tlantic Real Estate Journal — New Jersey — August 20 - September 16, 2021 — 3B N ew J ersey


LORHAM PARK, NJ — The Stro Compa- nies (STRO) has closed JLL Capital Markets team represent seller The Stro Companies purchases 141,000 s/f office-data center in Florham Park, NJ F

team, they were professional and timely from the start. We are excited about the opportu- nity to do more work with them in the future.” Shulman added, “John Bailey, who we have a long-standing relationship, was incredible to work with as always and quick to execute.” Shulman added, “we have capital on the sidelines and are looking to deploy in either core, value-add, or ground up last-mile industrial properties in Northern NJ. We have a great team at STRO that can execute quickly and provide immediate feedback when of- fered a deal.” MAREJ

Shulman , director of acqui- sitions & capital markets at STRO. “STRO is very focused on acquiring properties adja- cent to its existing ones. With 19 Vreeland being across the street from our 4 Vreeland property, this was a natural purchase for us.” The JLL Capital Markets team of Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O’Hearn, JB Bruno, Jordan Avanzato and Mi- chael Kavanaugh repre- sented the seller. The debt was financed by Prudential Bank, led by John Bailey . “It was a pleasure to work with the JLL

on a 141,000 s/f, 14.4 acre, o f f i c e - da t a center at 19 Vreeland Rd. in Florham Pa r k . Th e Ridgewood- based f i rm acquired the

19 Vreeland Rd.

Jack Shulman

The property is currently occupied by BNY, a global investment company, and is currently being used for their office and data center needs. The property is well located

near Rtes. 24, 10, I-280 and I-287 “This is an exciting project, one that everyone at STRO is looking forward to working on post-closing.” said Jack

property from Bank of New York Mellon (BNY) for an undisclosed amount. Sheldon Gross Realty brokers deal on 7,500 s/f space


BRIDGEWATER, NJ — A 7,500 s/f space in Bridgewater has been purchased for $1.132 711 East Main St.

mi l l i on by Skydell Con- tracting Inc., f r om PRD Properties LLC . Th e transaction, for 711 East Ma i n S t . , wa s ma n - a g e d b y S h e l d o n Gross Re- alty presi - dent Marcy Gross and v i ce pres i - d e n t Er i c Weston . Providing

Marcy Gross

Asbury Park, NJ 49-Unit Portfolio Daniel Lanni ext 248

East Orange, NJ 20 Units Julie Gralla ext 224

Hackensack, NJ 17 Townhomes Daniel Lanni ext 248

Eric Weston

kitchen and bathroom re- modeling services, Skydell Contracting remodels homes throughout Somerset and Union counties. “Bridgewater’s absolutely an ideal spot for Skydell,” said Gross. “It’s right in the heart of Somerset County, where much of its business is conducted. In addition, East Main Street offers tremendous visibility, so the location itself can be a business-development tool.” In TINTON FALLS, NJ — A 5,200 s/f location has been leased to Ranger Industries, by Tinton Falls Business Park. The transaction, for a single- story space at 968 Shrewsbury Ave., was managed by Sheldon

Long Branch, NJ 6 Units + 1 Retail Daniel Lanni ext 248

Elizabeth, NJ 18,735± SF Office Andrew Jonas ext 460

Holmdel, NJ 12± Acres for Redevelopment Matt Weilheimer ext 253

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