4B — December 9 - 22, 2016 — Northern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N orthern N ew J ersey
The new building is located at 900 Fairmount Ave. Elberon and Avidan Group open 140,000 s/f freezer warehouse for Seafrigo in Elizabeth
LIZABETH, NJ — On October 27th, 2016, El- beron Development Group (Elberon) and joint venture partner The Avidan Group, LLC , held a ribbon cutting ceremony to celebrate the grand opening of the JV’s 140,000 s/f freezer warehouse built for French food distribu- tor Seafrigo. Mayor of Elizabeth, J. Chris- tian Bollwage, who lent his support to the massive project and was instrumental in its success, was on hand to assist with the ceremonial duties. Joining him were several E
residential units and one com- mercial unit at 1211 Bergenline Ave. in Hudson County’s Union City by Nicolaou and the $2 mil- lion sale of 22 units at 186 and 230 Ackerman Ave. in Clifton where VP Debbie Pomerantz represented the seller and pro- cured the buyer. She also was involved in the sale of the Lenox Ave. East Orange property as well as orchestrating the sale of a 36-unit building located at 89 4th St., in Passaic. “Across North Jersey, exist- ing class B assets are benefiting from the consequential effects of the latest wave of construc- tion activity, rendering these vintage pre- and post-war, in- ventory-dominating properties in highest demand among in- vestors,” said Uranowitz. “New owners are moving swiftly to implement value-add capital improvements to upgrade units and bring them up to market- rate rents. Based on historical asking and effective rent bench- marks and projections, these new owners will see a signifi- cant return on investment and added value during the next two years and beyond.” n continued from FC-B Gebroe-Hammer Associates inks 24 deals. . . other dignitaries and VIPs in- cluding Senator Ray Lesniak; Assemblyman Jon Bramnick; Councilman William Gall- man; Councilwoman-at-Large Patricia Perkins-Auguste; Councilman-at-Large Manny Grova; Union County Manager Alfred Faella; as well as Sea- frigo International CEO Eric Barbe; and Seafrigo CEO-USA Stephane Desseigne. Located at 900 Fairmount Ave., the new building features 18 tailboards, 60’ clear ceiling height, parking for 35 trailers as well as the ability to main- tain temperatures from zero to minus ten degrees Fahrenheit. n Shown from left: David Gibbons, Presi- dent & CEO of Elberon Development Group; Anne Evans Estabrook, Chair- man of Elberon Development Group; CouncilmanWilliamGallman, Jr.; Chris- tian Bollwage, Mayor of Elizabeth; Eric Barbe, International CEO Seafrigo; Pa- tricia Perkins-Auguste, Councilwoman- At-Large; Avi Avidan, Chairman of The Avidan Group; Josh Avidan, Managing Member of The Avidan Group; Stephane Desseigne, CEO Seafrigo USA; Manny Grova, Jr., Councilman-at-Large; and Alfred Faella, Union County Manager.
GH-MidAtlantic Journal Ad 1116 HP v2.indd 1
11/29/16 12:06 PM
Made with FlippingBook - Online Brochure Maker