2A — April 13 - April 26, 2012 — Mid Atlantic Real Estate Journal MAREJ A DVERTISERS D IRECTORY Belfor Property Restoration ........................................... 38A Brahney ........................................................................... 19A Brasler Properties ........................................................... 12B Bruce Coin Consulting...................................................... 8A Business Card Directory................................................. 51A Bussle Realty Corp.......................................................... 33A CBC Bennett Williams............................................. 53A, 2B Columbia Bank..........................................................5A, 42A Estreich & Company....................................................... 12A Commercial Mortgage Capital ......................................... 7A Cooper Roofing ................................................................ 39A Cooper-Horowitz ............................................................... 9A Cronheim Mortgage ........................................................ 12A Crown Castle ................................................................... 41A Deerwood Real Estate Capital ....................................... 10A Dietrick Group ................................................................ 11B Earth Engineering .......................................................... 11B Estreich & Company......................................................... 4A Foster & Mazzie .............................................................. 42A Griffin Land....................................................................... 8B Harvey Hanna & Associates................................. IC-A, 44A Heller Industrial Parks .................................................. 21A Hinerfeld Commercial RE .............................................. 53A Hinerfeld Commercial RE ...........................................IC-1B Jenkintown Building Services.......................................... 9B Joseph P. Gilroy RE ........................................................ 53A Kaplin | Stewart............................................................... 2A Keast & Hood Company ................................................. 13B Lebanon Valley Economic Development Corp. ................ 1A Lehigh Valley Chapter Service Directory ...................... 15B Lundt ............................................................................... 37A M. Miller & Son............................................................... 15A Manko, Gold, Katcher & Fox............................................ 9B Marcus & Millichap RE Investment Services ................. 2B Max Spann RE & Auction............................................... 51A Meridian Capital Group ................................................. 15A Metro NJ Chapter Appraisal Institute .......................... 15A NAI Keystone .................................................................... 8B NE NJ Chapter Appraisal Institute............................... 16A NorthMarq......................................................................... 6A Penn’s NE .......................................................................... 4B PennCap Properties .......................................................... 8B Poskanzer Skott Architects ............................................ 22A RE/MAX of Reading ........................................................ 14A Riker Danzig ................................................................... 18A SEBCO............................................................................. 18A Sheldon Gross Realty...................................................... 18A SNJ Chapter Appraisal Institute ................................... 31A SUBWAY.......................................................................... 53A The Frederick Group....................................................... 11B The Kislak Co.................................................................. 20A The NJ Tri-County Region.............................................. 27A TriState REALTORS Commercial Alliance ................... 49A USDA............................................................................... 14A WCRE .............................................................................. 24A J
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Mid Atlantic Real Estate Journal
Mid Atlantic R EAL E STATE J OURNAL Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Section Publisher ..............................................................Michael Campisi Section Publisher ................................................................Elaine Fanning Senior Editor/Graphic Artist ................................................ Karen Vachon Production Assistant ........................................................ Rachel Rugman Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers Guest Columnist ................................................................Joseph Brecher Mid Atlantic R EAL E STATE J OURNAL ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 7 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
AMESBURG, NJ — Stra- tegic location continues to be the draw for multi- family investors in Middlesex County and central New Jersey, according to Joseph Brecher, executive vice president of Ge- broe-HammerAssociates, based in Livingston, N.J. The market specialist recently arranged the sale of four Jamesburg apart- ment buildings comprised of 39 total units, located just one mile off the New Jersey Turnpike Exit 8A exchange. “Jamesburg has the advan- tage of being nestled between Fortune 500 companies, subur- ban residential neighborhoods and major transportation net- works, all of which strengthen the tenant pool and positively influence long-term property performance,” said Brecher. “The borough also has a lower unemployment rate thanks to its proximity to major em- ployment centers, including Rutgers University, Middlesex County College and Princeton University.” Situated in southern Mid- By Joseph Brecher Central NJ Multi-Family Market Continues to Attract Investors with Prime Location and Favorable Locale
dlesex County, Jamesburg is anchored by a downtown shop- ping district, Thompson Park and Lake Manalapan. This thriving live/work/play munici- pality is served by the John F. Kennedy School and Grace M. Breck Wedel Middle School, which is a short walk from the properties. Brecher represented the seller, Jamesburg Apartments LLC, and identified the buyer, Jamesburg Realty Partners LLC, in the trade of 6-8 Vine Street, 16 Lake Street, 8 Cher- ry Street and 123 Stevens Avenue, which sold for $2.66 million. Each of the two-story complexes is within a one-mile radius and has one-bedroom
Correction: In ourMarch 16th Best of 2011 issue, in the Honorable Mentions of 2011 section, we erro- neously listed Hartz Mountain as the Best Manager Company for the Monaco at 475 Washington Blvd. The management company for this building is RoselandManagement Company. Legal representation was provided for the seller by Mor- ris Silberberg, Esq., of Silber- berg &Klein in Howell, and the buyer by Scott Herzog, Esq., in Fort Lee. ■ units as well as on-site parking. According to Gebroe-Hammer, average rents for the area are approximately $825 for one- bedroom units.
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