Mid Atlantic Real Estate Journal — New Jersey — January 11 - 24, 2013 — 15B


N ew J ersey

First building of Weehawken waterfront community commences leasing Hartz Mountain Industries’ Estuary leasing commences, “Life on the Water” to follow!


any number of avenues to try and get their names on the waiting list,” said Emanuel Stern , president and COO of Hartz Mountain Industries. “Through our management agent, Roseland, we have already accumulated a list of 400 names. We only have 584 units, so I would expect lease-up to occur on a high velocity basis.” Estuary is within the his- toric Lincoln Harbor devel- opment, which includes a marina, office space, a Shera- ton Suites hotel and restau- rants including Ruth’s Chris Steak House, Chart House, Houlihan’s, Masina Trattoria

spas, and on-site services in- cluding a drop off dry cleaner, shoe repair and a Care Plus CVS. Among the apar tment amenities are top of the line kitchen, bathroom and washer-dryer appliances with European style cabinetry, and surround-sound built-in speaker systems. Some units have terraces and balconies. Following Hartz’s stan- dard-setting sustainability program, Estuary was built to LEED-certification standards with materials and construc- tion practices that limited impacts to natural resources and the environment. n

EEHAWKEN, NJ – The first building of Estuary, the wa-

terfront community in Wee- hawken, has commenced its leasing program, announced its developer, Hartz Moun- tain Industries . The first phase of Estuary’s leasing program will be to ac- cept interest from prospective residents by phone or online. Those who inquire earliest will be invited to the opening of the leasing office, at which point apartments will be made available for immediate occupancy. “This has been a very excit- ing pre-leasing period, because future residents have been tracking us down through Marcus &Millichap arranges sale of 14,500 s/f property

Estuary, Weehawken, NJ

Italiana and a food court. The development is also steps from ferry, bus and light-rail services for those looking for convenience and to reduce vehicle use. In addition to providing an

unobstructed view of the New York City skyline, Estuary boasts party rooms, screening room, Crayon Corner kids’ playroom, golf simulator, health and fitness center, two rooftop swimming pools and


Dominance: “...most influential, having a commanding position.” (Webster’s) New Jersey’s dominant brokerage firm specializing in the sale of multi-family, retail, and commercial investment properties for private investors, REITS, and other institutional clients.

Oct - Nov 2013 27 CLOSINGS! 1,515 UNITS $135,950,000

HAZLET, NJ — Marcus & Millichap Real Estate Investment Services has announced the sale of CVS & Best Buy Liquors, a 14,500 s/f retail property located in Ha- zlet, according to Ryan Nee , regional manager of the firm’s New Jersey office. Ben Sgambati , a vice presi- dent investment and Alan Cafiero , a senior associate in Marcus & Millichap’s New Jersey office, had the listing to market the property on behalf of the seller, a private investor. The buyer, a developer, was secured and represented by Robin David , an investment specialist in Marcus & Millic- hap’s New Jersey office. The property is located at 14 Route 36 in Hazlet and is 100% occupied by CVS and Best Buy Liquors. The excel- lent location provides and easy access to Jersey shore as well as the Garden State Parkway. The asset generated mul- tiple offers due to the location, excellent credit of CVS, and development potential at the site. n

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