16D — May 11 - 24, 2018 — NJAA Conference & Expo — M id A tlantic

Real Estate Journal


2018 NJAA C onference & E xpo

ewark, NJ — Mar- cus & Millichap an- nounced the sale of Zamora handles sale of Highland Park Portfolio Zapata of Marcus & Millichap completes the sale of a $4,000,000 NJ land property N

Spring Street Commons, a 43,860 s/f of land located in Newark for $4 million accord- ing to Brian Hosey , regional manager of the firm's New Jersey office. Carlos Zapata , investment specialists in Marcus & Mil- lichap's New Jersey office, had the listing to market the prop- erty on behalf of the seller, a developer. Spring Street Commons is located at 73-87 Clay St. in Newark. The land is fully ap-

Spring Street Commons rendering

Highland Park Portfolio

Clearly, this is a lot of de- tail – akin to the ALTA survey itself. So when faced with the question… “Do I need an ALTA or will a boundary survey alone suffice?” It is best to speak with a professional licensed surveyor and the proposed lender. Together they will be able to provide the guidance and recommendation to keep the project moving forward. For more information or to obtain an ALTA survey, contact Stout & Caldwell, LLC at 856- 786-2202 or djc@stoutcaldwell. com. Daniel J. Caldwell is co- founder and principal with Stout & Caldwell, LLC, a leading provider of profes- sional and technical en- gineering and consulting services in Southern NJ. n continued from page 8D An ALTA Survey . . . Jonathan Zamora , a se- nior investment specialist in Marcus & Millichap’s NJ of- fice, represented the seller and buyer, both private investors. “Middlesex County is becoming more and more popular for com- muters to NYC and its strong economic drivers of education hubs, healthcare and Fortune 500 employers. It’s rare any- thing trades in Highland Park as it draws in high demand with its desirable community” said Zamora.  proved for 84 residential units over 4,630 s/f of retail space. The city will be completing the revitalizing surrounding land- scape and traffic patterns to encourage further retail shop- ping in the area by 2018. In a second transaction, Mar- cus &Millichap announced the sale of Highland Park Portfolio, a 20-unit apartment property located in Highland Park for $2.625 million.

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