N CBRENational Partners &HFF helped to arrange the sale toDuke Realty Bridge announces an agreement to sell an industrial portfolio consisting of 10-buildings or the rn N J , Southern CA and South FL

ISSUE HIGHLIGHTS Volume 29, Issue 22 Nov. 24 - Dec. 7, 2017 SPO TLIGHTS Professional Services

phase expected to close near the end of the year. In addition to the 10 completed properties, the deal includes two land par- cels on which two properties totaling 852,745 s/f will be con- structed, beginning later this year. Once fully constructed the total cost of the portfolio will be nearly $700 million. This is one of 2017’s largest industrial sales and brings Bridge’s year to date sales volume to over $1.1 billion. The NJ properties included in the first two phases of the sale are: • Bridge Point South Bruns- wick, a 488,884 s/f building at 773 Davidson Mill Rd. in Monroe Twp., NJ. This building is 100% leased to two regional 3PL companies who valued the properties proximity to the Exit 8A interchange off I-95

• Bridge Point Meadowlands, located at 5 Ethel Blvd. in Wo- odridge, NJ, is one of the land parcels in the deal currently under construction. Upon com- pletion, the new state-of-the- art facility will total 193,805 s/f • Bridge Point Carteret, a 206,500 s/f building located just off Exit 12 of I-95 at 900 Fed- eral Blvd. in Carteret, NJ. The building is 100% leased to Vir- ginia Dare Extracts for 15 years who relocated their long-time operations from Brooklyn, NY • Bridge Point Cranbury, a 264,085 s/f building that was recently leased and is located at the corner for Rte. 130 and Broadway Rd. in Cranbury Twp., NJ. “We are extremely proud of the accomplishments of our New Jersey team. This transac- tion consists of over 2,260,000

one-, two-, three- and four- bedroom residences, accord- ing to Hallstead Property Development Marketing (HPDM) , which is directing the sales effort. The dramatic elegance and sophistication of One Park are further enhanced by its more than 25,000 s/f of indoor and outdoor amenities. One Park’s Cliffside Park location has long attracted those commuting to New York City for business and pleasure who appreciate its proximity to the George Washington Bridge, Lincoln Tunnel and New York Waterway ferry service to Manhattan. The one square-mile borough also enjoys a diverse dining and shopping scene. The main thoroughfare, Anderson Av- enue, or “The Avenue” as it is affectionately referred to, is lined with boutique stores and shops, while an eclectic offering of dining, shopping and waterfront recreational and nightlife pursuits are just minutes away in Edgewater, Weehawken, North Bergen and Hoboken. n s/f of existing buildings as well as two buildings currently un- der construction totaling over 852,000 s/f. Developing over 3.1 million s/f of buildings worth over $520 million in three years in such a challenging market as New Jersey is a testament to the talents and tenacity of our team”, said Jeff Milanaik , regional partner for Bridge. “This portfolio sale is part of the $1.1 billion of new state- of-the-art industrial assets Bridge will sell in 2017,” said Steve Poulos , Founder/CEO of Bridge Development Part- ners. “The portfolio includes a mix of fully stabilized, partially stabilized and completely va- cant assets.” Brokers with CBRE Na- tional Partners and HFF helped to arrange the sale to Duke Realty. n

— Br i dg e D e v e l o p - ment Part- ners , LLC (Bridge) has a nn o un c e d a n a g r e e - ment to sell a 10-build- ing industrial



Jeff Milanaik

portfolio totaling 3,424,732 s/f to Duke Realty Corp. for $515 million. Each of the assets are newly constructed state-of- the-art facilities in the nation’s top infill industrial markets of Northern NJ, Southern CA and South FL. The transaction will be completed in phases, with the first and second phases hav- ing closed on September 27th and October 25th, and the final


Secures financing with the assistance of Cooper-Horowitz, Inc. through AIG DMG Investments closes $71.6m construction loan for One Park condominium building in Cliffside Park, NJ

Section C

Upcoming Conferences December 14, 2017 New Jersey Medical Properties Summit For speaking and sponsorship information, please contact: Lea at 781-740-2900 or lea.christman@marejournal.com

CLIFFSIDE PARK, NJ — DMG Investments an- nounced that it has closed a $71.6 million construction loan for One Park, the 204- unit luxury condominium building rising in Cliffside Park with panoramic views of the Manhattan skyline. The 14-story building topped out in August and is scheduled to be completed in fall, 2018. The financing was secured by DMG with the assistance


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One Park

of Cooper-Horowitz, Inc. through AIG . “We’re delighted to receive this vote of confidence from a commercial lending insti- tution that recognizes One Park’s unique qualities and widespread appeal to buy- ers both here and oversees,” said Jacky He , executive vice president of DMG In- vestments. “With a clifftop location that maximizes the building’s dramatic views,

world-class design, inspiring amenities and proximity to Manhattan and the vibrant Hudson River waterfront, One Park offers a new per- spective on Gold Coast liv- ing.” Designed by architectural firm Architectura , with in- teriors curated by boutique design firm, VLDG, One Park boasts a glass curtain wall and private outdoor space for every home. The new landmark offers

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