S hopping C enters N ew J ersey /P ennsylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
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$187,000 per unit sets record for vintage rent-controlled multifamily Hudson Atlantic announces $9.35M record-breaking sale of 50 units at 22-30 S. Munn, East Orange, NJ
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baths, on-site laundry, 24/7 se- curity cameras, and an on-site superintendent, and a prime location just two blocks from East Orange Station (36-min- ute direct train to Midtown Manhattan). Zweibel added, “This sale further solidifies East Orange as one of northern New Jer- sey’s strongest multifamily investment markets. Nick’s execution was flawless and once again proves the power of our proprietary, database- driven marketing approach in producing superior, record outcomes for our clients.” This transaction reinforces Hudson Atlantic’s dominant leadership in New Jersey multifamily investment sales, with Adam Zweibel having personally closed over $2 bil- lion in apartment transactions throughout the state. MAREJ
sale price in East Orange for a pre-war, rent-controlled multi- family asset, surpassing every
AST ORANGE, NJ — Hudson Atlantic Realty Advisors an-
nounced the off-market sale of 22-30 S. Munn, a 50-unit, five- story apart- ment build- ing in East Orange, New Jersey, for
prior compa- rable trans- action in the submarket. Vice presi- dent Nick Favori to exclusively represented the seller,
Nick Favorito
Adam Zweibel
collaborating closely with president Adam Zweibel on targeted marketing, buyer sourcing, and closing the transaction within just 90 days of engagement. “Achieving $187,000 per unit on a 1924-vintage, rent- controlled property demon- strates the exceptional de- mand for renovated, transit- oriented multifamily assets in East Orange,” said Favorito.
$9.35 million, equating to an unprecedented $187K per unit. This transaction establishes a new all-time high per-unit
22-30 S. Munn, East Orange, NJ
“We are extremely pleased to have delivered this historic result for our client in such an expedited timeframe. This is another win for our team and reinforces Hudson Atlantic’s position as a top brokerage in
the region.” The gut-renovated (2008) elevator building features oversized one-, two-, and three-bedroom apartments averaging 912 s/f, hardwood floors, modern kitchens and
JANUARY 2026
Colliers delivers dual sales in two of NNJ’s most active submarkets HI-LIGHTS
M&T Bank supports Blair County vision center acquisition with $1.98 Million loan PA Industrial Development Authority approves $10.5M to support jobs, growth in four counties
“The Shapiro Administration is committed to supporting businesses across the Com- monwealth so that we can keep Pennsylvania’s economy strong and create more opportunity for Pennsylvanians,” said Secre- tary Siger. “These five approved PIDA loans will secure and cre- ate jobs, while also ensuring a dynamic and thriving economy for all Pennsylvanians.” The approved projects are as follows: Blair County Eagle Eye Real Estate LLC, Eagle Eye Vision Center LLC, and Eagle Eye Surgery Center LLC, through the Altoona- Blair County Development Corporation , were approved for a 10-year, $1,5 million loan at a 4.25% reset interest rate to acquire a 17,754 s/f building at 176 Vision Dr. in Duncans- ville Borough. The purchase is part of a business acquisition in which the operating enti- ties ― Eagle Eye Vision Center LLC and Eagle Eye Surgery Center LLC — are purchas- ing the Laurel Eye Clinic and
advanced manufacturing tech- nologies, is expected to create three new, full-time jobs and retain 50 existing positions. Additional project financing includes a $1.15 million loan from LINKBANK . The total project cost is $4.9 million. Lancaster County Gen 22 Partners, LLC (the RE holding entity for Weaver Companies Inc. ), through EDC Finance Corporation , was approved for a 10-year, $2 million loan at a 4.25% reset interest rate to purchase a commercial property located at 160 Ewell Rd. in East Earl that will serve as the new headquarters for Weaver Com- panies. The construction and roofing company’s headquar - ters will consist of a 31,120 s/f main building and a 5,424 s/f vacant detached garage. Weaver Companies will use the main building for its op- erations and Shady Maple RV will renovate and lease the garage building. As part of this project, Weaver Companies continued on page 16B
Surgery Center and rebrand- ing under the Eagle Eye name. Additionally, Eagle Eye Real Estate LLC is purchasing the project property from LEC Altoona LLC. As part of this project, three new, full-time jobs will be created within three years and 17 existing positions will be retained. The project financing also includes a $1.98 million loan from M&T Bank . The total project cost is $4.35 million. Dauphin County Mid Atlantic Machinery Inc. and K5 Properties LLC, through the Capital Region Economic Development Corporation , was approved for a 10-year, $2.25 million loan at a 4.25% reset inter- est rate to acquire a 39,092 s/f industrial facility at 1401 AIP Dr. in Middletown. The company, which has outgrown its existing facility, will oc- cupy 75% of the building and lease the remaining 25% to other industrial tenants. Mid Atlantic Machinery, which is expanding into robotics and
HARRISBURG, PA — De- partment of Community and Economic Development
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( D C E D ) Secretary Rick Siger announced the approv- al of nearly $10.5 million in new, low- interest loans through the
NAI Summit ink 34,500 s/f lease at 4741 Chapmans Rd., Allentown, PA
Rick Siger
Pennsylvania Industrial Development Authority (PIDA) to help boost busi- ness growth and create and retain jobs in Blair, Dauphin, Lancaster, and Snyder coun- ties. The projects supported through these loans will inject over $23.2 million into the lo- cal economy, create 26 new, full-time jobs, and retain 297 existing jobs. In 2025, PIDA has approved $49,236,828 in low interest loans that have resulted in $130,390,641 in private in- vestment, the creation of 282 full-time jobs, and retention of 628 existing jobs.
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ALSO INSIDE New Jersey................FC-11B Southern NJ.................7-10B Southern NJ Chapter AI...8-9B Pennsylvania............ 12-18-B Southeastern PA........12-17B People on the Move....... 20B
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