10C — March 28 - April 10, 2014 — The Best of 2013 — M ID A TLANTIC Real Estate Journal
www.marejournal.com
The LARGEST INDUSTRIAL SALE of 2013
HFF Meadowlands Portfolio — 420,244 SF —
Cushman & Wakefield NJ 258 Prospect Plains Rd — 886,748 SF —
CBRE NJ 301 Blair Rd — 967,330 SF —
Woodbridge, NJ Broker(s): Bill Waxman, Mindy Lissner, Jamie Fried, Bob Gibson (CBRE Boston Affiliate) In 2011, Bob Gibson of CBRE’s Boston affiliate came to Bill Waxman and Mindy Lissner to sell 275 Omar Avenue and the adjacent industrial building at 301 Blair Road in Avenel, NJ, owned by Bob’s client C&S Wholesale Grocers.
Broker(s):Jose Cruz, Michael Nachamkin and Kevin O’Hearn HFF closed the sale of an eight-property, fully leased in- dustrial portfolio totaling 420,244 s/f in the Meadowlands submarket of NJ. HFF marketed the portfolio on behalf of the seller, Wilson Associates. The portfolio is located at 325, 425, 521 and 599 Gotham Parkway; 193, 194 and 320 Veter- ans Boulevard; and 300 Chubb Avenue in Carlstadt.
Broker(s): Andrew Merin, Vice Chairman; David Bernhaut, Vice Chairman; Gary Gabriel, Executive Vice President; Brian Whitmer, senior director; Grace Braverman, associate director Cushman & Wakefield has completed the sale of 258 Prospect Plains Rd. in Cranbury, an 886,748 s/f industrial facility fully occupied by Pearson Education.
Emory Hill 705 Morehouse Dr — 108,000 SF —
NAI Hanson 1 Lisbon Rd — 245,951 SF —
NAI Summit 5001 Crackersport Rd — 105,000 SF —
Mike Adams of NAI Summit represented the owner, Saginaw Partners, LP in the sale of 5001 Crackers- port Rd to MTM Real Estate Company LLC. A major Lehigh Valley beer wholesale distributor is planning a big move. Banko Beverage Co. in Allentown bought a new building at 5001 Crackersport Road in South White- hall Township, said Mike Adams, vice president of NAI Summit. Banko’s new home, to be used as a warehouse and distribution site, formerly housed the Wolf Distri- bution facility, Adams said. With the move, Banko plans to add to its product lines and hire more em- ployees.
City, State Clifton, NJ Broker(s): Scott K. Perkins, Barry J. Cohorsky, Ken- neth D. Lundberg Ross Group Holdings has acquired 1 Lisbon Street, a 245,951 s/f, former manufacturing facility, for $9.65 million. The acquisition will allow the reverse supply chain solutions company to consolidate its workforce under one roof. NAI Hanson represented WEA Enter- prises, a commercial real estate and asset management company.
New Castle, DE 108,000 s/f Jon Hickey
705 Morehouse Drive, a 108,00 s/f industrial ware- house in New Castle, DE was purchased by Calumet Enterprises LLC from Sasco N.C. Inc. of Wilmington DE. Jon Hickey of NAI Emory Hill brokered the transaction. Calumet Enterprises is a division of Clark Associates in Lancaster, PA., a multi-industry manu- facturing firm.
Bussel Realty Corp. 44 Talmadge Road — 243,000 SF —
Lee & Associates 330 S. Van Brunt — 103,000 SF —
Blau & Berg 548-98 Delancy Street — 9.5 ACRES —
Broker(s): SeniorVPs David Blitt & Robert Sager (team) of Bussel Realty Corp EDISON, NEW JERSEY (MAY 13, 2013) – Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced it has brokered the sale of 44 Talmadge Road in Edison, New Jersey, a 243,000 s/f industrial facility. The property was sold for an undisclosed price to Romark Logistics of NJ LLC. Senior Vice Presidents Robert Sager, David Blitt, Stephen Nozza and John Cascio of BRC represented the buyer and seller in the trans- action.
Broker(s): Michael Schaible & Jeffrey Miller Michael Schaible was asked by his long time client to assist with the prompt disposition of 330 S. Van Brunt in Englewood, NJ. While getting ready to roll out the marketing program for the property, Jeffrey Miller, also of Lee & Associates, brought an aggressive offer from Industrial Income Trust (IIT) to the table. The result ended with a quick and successful disposition of the asset to IIT in a manner which left all parties pleased.
Newark, NJ Brokers: Jason Crimmins, CCIM, SIOR; Peter Mu- rano, Jr., SIOR; Alessandro Conte, CCIM The team of Crimmins, Murano and Conte successful- ly negotiated the sale of this 101-door truck terminal, which sits on 9.5 acres and is located across the New Jersey Turnpike. The deal closed in July 2013.
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