16B — October 14 - 27, 2016 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey
Marcus & Millichap of NJ inks $950,000 land sale
Located at 159 Milford Road in East Windsor, NJ Nozza and Cascio of Bussel Realty broker sale of 27 acres
WALLTOWNSHIP, NJ — Vicky Tomaro , owner of the Tomaro Professional Center/ president of Tomaro Fi- nancial Group , announced three new occupants joining their multidisciplinary team: Madden & Abatemarco, LLC; Christine Granata, CPA, LLC; and The Mente Group. MatthewAbatemarco, Esq., left a law practice in Red Bank, NJ to launch his own family/matrimonial legal firm at the Tomaro Profes- sional Center. “The Toma- ro Professional Center was an ideal space for Madden & Abatemarco, LLC,” said Abatemarco. “It had a large firm presence without the overhead. Because of its in- terdisciplinary formula, we can capitalize on the resourc- es of other companies in the “Our relationship with Conair Corporation spans 30 years -- we represented the company in one of its first real estate acquisitions,” said ASTWINDSOR, NJ — Bussel Realty Corp. (BRC) , an industrial real estate services firm in New Jersey, announced the sale of 27 acres of land, located at 159 Milford Rd. in East Windsor. BRC senior vice presidents Stephen Nozza and John Cascio represented both the seller, Conair Corporation, and the buyer, RREEF Amer- ica LLC, which manages a wide range of portfolios of both public and private real estate assets. The sales price was not disclosed. E
320 Valley St.
NJ Transit Train station. The heart of downtown South Or- ange is approximately one mile from Seton Hall University. Kevin Taub , an investment specialist in Marcus & Millic- hap’s New Jersey office, had the listing to market the property on behalf of the seller, a private investor. The development site has 100 feet of frontage on Valley St. and is approved for a 3-story, 21,600 s/f, 23-unit elevator apartment building. n
SOUTH ORANGE, NJ — Marcus & Millichap an- nounced the sale of a develop- ment site located in South Orange, NJ, for $950,000, according to Brian Hosey , regional manager of the firm’s New Jersey office. The subject property is lo- cated at 320 Valley St. in South Orange on the eastern side of the street between 5th St. and Roland Ave. It is a half mile from the South Orange
159 Milford Rd.
Nozza. “The site is ideal for commercial development and has great access to the New Jersey Turnpike.” 159 Milford Rd. is a 27-acre site located near Exit 8 of the
have the ability during peak times of the year to service my clients in a well-equipped, professional atmosphere.” The third tenant, The Men- te Group, is a full-service pri- vate aviation company. “Our expanded occupancy supports a synergistic tenant base, whereby everyone can benefit from each other’s pro- fessional services in the areas of accounting, financial plan- ning, law and comprehensive divorce mediation services,” said Vicky Tomaro. The Tomaro Professional Center is a class A, three-sto- ry, 10,000 s/f office building. The building is situated with easy access on 1704 Maxwell Dr., in Wall Township, off of Rte. 138, easily accessible by the Garden State Parkway, I-195 and Rte 18. n periodically over the course of the last four years but had not attracted much interest until now because it was located on a quiet end of Main St. “How- ever, Greater Bergen Commu- nity Action saw the potential of the special improvement district as new developers, re- tailers and restaurants began showing interest and investing in the Main Street redevelop- ment plan.” In the second transaction, First Bergen Federal Credit Union leased 93 Main St., a 2,400 s/f retail property formerly occupied by Chase Bank. Previously, First Bergen Federal had also leased 1,000 s/f of space at 240 Main St. n New Jersey Turnpike and di- rectly off of Milford Rd., across from Conair Corporation’s headquarters. The site has approvals in place for commer- cial real estate development. n
Tomaro Professional Center welcomes new tenants
Shore Builders Association of Central NJ awards Schoor
building to better service our clients.” Christine Granata, CPA, LLC is relocating her offices from Sea Girt, NJ. “The To- maro Professional Center is a one-stop-shopping com- plex of professional services,” said Granata. “I was thrilled to discover the airy, office complex. My current space lacked windows, and full-time reception support. Now, I will Tomaro Professional Center
The Shore Builder’s Association of Central New Jersey’s Suzzane Kronenfeld, vice president of associates (center), and Tom Bovino, president (right), present Barbara K. Schoor, vice president of Com- munity Investment Strategies (left) with their organization’s Continu- ing Service Award at its Member Appreciation Night.
Alexander Anderson Real Estate negotiates 13,400 s/f in leases HACKENSACK, NJ — Alexander Anderson Real Estate Group has negotiated two leases totaling 13,400 s/f on Main St. in Hackensack’s downtown area. Alexander Anderson represented both the property owner and tenant in each transaction.
performed a series of activities representative of outstanding achievement over a five-year period. “Barbara and I grew up in the industry together. She is a consummate professional with an extraordinary eye for the details.” said Tom Bovino , President of SBNJ. “We are very proud that Barbara has been recognized for her long-term commit- ment to the industry,” said Christiana Foglio , founder and CEO of Community In- vestment Strategies. “She is a true leader in the field and has been instrumental in the success of our many communi- ties in central New Jersey.” n
NEPTUNE, NJ — Bar- bara Schoor , vice presi- dent of Community Invest- ment Strategies (CIS) , a recognized builder of award- winning 55-plus and multi- family housing communi- ties throughout New Jersey, was recognized with a Con- tinuing Service Award by Shore Builder’s Associa- tion of Central New Jer- sey (SBACNJ) , during their Member Appreciation Night on September 21, 2016, at Jumping Brook Country Club in Neptune, NJ. The Continuing Service Award is given out once a year to an active builder member in good standing who has
In the first transaction, Greater Bergen Community Action leased, with an option to buy, 392 Main St., a two- story, 11,000 s/f property. The agency previously occupied approximately 12,000 s/f at 240 Main St., a property it still owns but that is being redeveloped into a 110-unit apartment building. The mixed-used property
93 Main St.
at 392 Main Street features onsite parking, two retail frontages, more than 5,300 s/f of warehouse space with drive- in access, high ceilings and ac- cessibility to major highways. According to Eric Ander- son , CEO of Alexander An- derson, 392 Main St. had been on the market for sale
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