8C — March 24 - April 13, 2017 — The Best of 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
The LARGEST Acquisition of 2016
Berger Organization 33 Washington Newark, NJ
Alfred Sanzari Enterprises Greenway Village Metuchen, NJ
OFFICE Size: 450,000 SF, 18 stories Berger Organization purchased the asset free and clear of existing debt. The 18-sto- ry value-add office tower is located on 1.6 acres in downtown Newark, across from Washington Park, two blocks to the Newark Broad Street commuter light rail, 1/2 mile to Newark Penn Station, and close to the area’s major highway network. Completed in 1970, the building features a fitness center, shared conference rooms, on-site parking, business conveniences, full-service cafeteria, energy management system, 24-hour security, an impressive granite lobby, and views of the Manhattan skyline.
Multifamily Size : 66,600 SF/1.53 acres Broker: Lauren Federgreen of Rose Real Estate LLC
Alfred Sanzari Enterprises bolstered its multifamily portfolio with the acquisition of Greenway Village, a 49-unit apartment complex in Middlesex County’s Metuchen. The purchase represented an opportunity for Alfred Sanzari Enterprises to acquire a newly-built asset in a submarket where multifamily housing is in high demand. Built in 2016, Greenway Village features one-bedroom apartments with nine-foot ceilings, recessed lighting, hardwood flooring and decorative crown molding. Kitchens and bathrooms boast high-end granite countertops, stainless-steel appliances and ceramic tile. The strategically located property is within walking distance of shopping, dining and NJ Transit’s Metuchen Station.
Thank you for the overwhelming response to this competition. We appreciate your participation.
BEST of 2016
Jim
Congratulations to the winners!
The
Linda Christman and the staff of Mid Atlantic Real Estate Journal
About the Mid Atlantic Real Estate Journals “Best of 2016” spotlight: This was a juried competition of submissions and nominations from our readership. Winners were selected based on the size of the deal or project submitted. Within each category, large, mid and small sized companies were honored. To qualify, projects or firms must be located in the Mid-Atlantic region, specifically New Jersey, Pennsylvania, Delaware, Virginia, Maryland, and DC. The Mid Atlantic Real Estate Journal is not responsible for inaccurate submissions. If you have questions on a submission or would like to be included in next year’s spotlight, please contact Linda Christman at lchristman@marejournal.com.
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