32 —September 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Two-building portfolio includes 10 apartments, and four retail units Kelly Bayer of NAI DiLeo-Bram & Co. facilitates mixed-use portfolio sale in Raritan, NJ
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within the municipality’s main business corridor, the portfolio includes 10 apartment units, four commercial suites and a shared parking lot. NJ Transit’s Raritan Station is within a five- minute walk. Nearby retailers include a florist, bridal bou- tique, restaurants, hair salons and barbers and a coffee house. “This portfolio represented a unique opportunity for an investor seeking exposure in a town that is growing rapidly in both population and commerce,” said Bayer. “While both properties are in excellent condition, they also
anchor a prominent corner in Raritan’s blossoming central business district. As a result, the portfolio has a sustained upper-tier occupancy rate, un- derscoring its enduring appeal and sought-after locale.” The ongoing transformation of downtown Raritan and the area around the train station continues to fuel demand for mixed-use properties. The recent development of large apartment complexes in the area, such as the Crossings at Raritan Station and The Lena, has fed a growing population pipeline. MAREJ Airtower approved for DC safety inspections WASHINGTON, DC — Airtower Networks has been approved by DC’s Office of Unified Communications (OUC) to conduct inspections of public safety systems in District buildings. Airtower is one of only four companies authorized to con- duct these inspections, which assess compliance with guide- lines governing Bi-Directional Amplifier (BDA) systems, also known as Emergency Respond- er Radio Communication En - hancement Systems (ERCES). These systems ensure that first responders, such as fire - fighters and other emergency personnel, can stay connected when it matters most. The OUC mandates annual inspections of buildings with BDA systems. To simplify the process, Airtower is launch- ing a new offering in which the company takes over the installation, maintenance, and compliance tasks associated with the systems. MAREJ waiting for certainty may find they’ve waited too long. Carlo L. Batts, MAI, is the principal of Ritten- house Appraisals and The Reduxx Group, both based in Center City Phil- adelphia. He has a B.S. in Urban Planning and Real Estate Urban Land De- velopment from Virginia Commonwealth Univer- sity and received his MAI designation from the Ap- praisal Institute. MAREJ continued from page 7 By Carlo L. Batts MAI, Rittenhouse Appraisals
ARITAN, NJ — NAI DiLeo-Bram & Co. (NAIDB) recently facil-
itated the sale of a two-build- ing mixed- use package located at 54 and 13 W. Somerset St. in Raritan. Associate VP Kelly Bayer
Kelly Bayer
represented the unnamed seller of the two separate buildings in the transaction. Situated at the corner of West Somerset and Wall streets
54 W. Somerset St.
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