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
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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
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; Councilman William Gallman, 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.
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