20A — February 27 - March 12, 2015 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal Solomon & Schaible represent both parties in sale Lee & Associates announces a $1.9 million warehouse sale


transaction. According to Solomon: "Al- though the building is rather obsolete with the original structure being constructed in the 1920's, the principals of Crowne did recognize the value of the interior clear span sec- tions of the building along with being conveniently located di- rectly off Rte. 1 & 9 with easy access to the Lincoln Tunnel.” "North Bergen has always been considered a key and vital component of the Meadow- lands Industrial Marketplace and it is Crowne's intention to convert the existing structures

STATE COLLEGE, PA — Landmark Commercial REalty, Inc. announced that 936 Company, LLC recently purchased a 47,040 s/f stand alone industrial building lo- cated at 526 E. Rolling Ridge Dr. at Penn Eagle Industrial Park in State College. Jason Grace, CCIM, SIOR , SVP of Landmark Commercial Re- alty, Inc. negotiated the trans- action on behalf of the buyer and the seller, Kohl Building Products, Inc. (Spring Town- ship/ Centre County). n Landmark Comm’l announces 47,040 s/f purchase The next event of the Long Island Metro Chapter will be the State of the Island Breakfast Meeting to be held Tuesday morning March 3rd, 2015 at The Milleridge Inn, Jericho NY. n NEW YORK, NY — The New York State Commer- cial Association of Real- tors (NYSCAR) announced the election of Paul G. W. Fetscher CCIM, SCLS as president of the Metro Long Island Chapter. Paul Fetscher has been in commercial real estate since 1969. He is president of Great American Bro- kerage , a firm specializing in restaurants and retail. He is past president of the New York Metro CCIM Chapter . He also continues to serve on the board of di- rectors for the Long Island Commercial Network and the Greater Long Island Running Club . Chartered in 1995, the New York State Commercial As- sociation of REALTORS is a specialty board of REAL- TORS with statewide juris- diction. to a modern state-of-the-art example of the quality work that has led to their success," said Schaible, senior VP of Lee & Associates, NJ. "We couldn't be more pleased that Lew and Michael were able to satisfy our client by finding just the right buyer for this unique asset," said Rick Marchisio , president of Lee &Associates, NJ. n NYSCAR announces election of Fetscher as president

ORTH BERGEN, NJ — Lee & Associates, NJ , one of New Jer-

sey's premier commercial real estate firms, has consummated the $1.9 million sale of a 51,500 s/f industrial building on 1.75 acres located at 4001 - 4017 Dell Ave. in North Bergen. The facility, formerly owned and occupied by Lewisohn Sales Company, was pur- chased by Crowne Architec- tural Systems. The veteran brokerage team of Lew Solo- mon & Michael Schaible of Lee & Associates represented both the buyer and seller in the

4001-4017 Dell Ave.

Chris O’Connor chris@cccpromos.com 973-489-9331

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