6B — September 11 - 24, 2020 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
RANKLIN, NJ — Sil- bert Realty & Man- agement Co. Inc. 97 Mount Bethel Rd. in Warren, Twp. sells to Clarity Labs Tomlinson of SRMnegotiates two leases atmixed- use commercial development in Franklin, Twp. F
(SRM) an- n o u n c e d that Frank- l i n C o m - m o n s , a 60 , 100 s / f mi xed - us e commercial development anchored by
Joel Tomlinson
CVS Pharmacy and Chase Bank l eased or i g ina l l y through SRM and a prior owner, has once again been re-leased. Joel Tomlinson , assistant VP retail broker-
Franklin Commons
age department successfully negotiated two new leases on behalf of the landlord for both the office and retail portions within each phase of Frank- lin Commons. Performance Rehabilita- tion & Regenerative Medi- cine has leased 6,300 s/f in the 21,600 s/f medical/pro- fessional building. This will be the third location for this successful physical therapy practice and on track to open this fall. Tomlinson has also leased 3,390 s/f in the adjacent retail building to a new and exciting restaurant concept. The experienced restaurant operators of a successful Mediterranean concept have embarked on a different ven- ue for Franklin Commons as their new restaurant special- izes in fresh burgers, chicken and salads and is scheduled to open this summer! With these two new leases the office and retail complex surrounded by new hous- ing and other commercial and industrial development along Elizabeth Avenue is now 100% leased according to Franklin Commons LLC. In other news, SRM an- nounced the sale of 97 Mount Bethel Rd. in Warren, Twp., a two-story 7,800 s/f office building off Exit 36 of I-78. The building was sold to Clar- ity Labs, an established clini- cal testing company through- out New Jersey. A 1-acre property at 1329 Rte. 22 in the Borough of Mountainside was sold to the Borough of Mountainside as an expansion to existing municipal facility also on Rte. 22. According to Harrington, the sold property will be used by the Public Works Dept to serve the community. MAREJ
EXCLUSIVE PROPERTIES FOR SALE
Belleville, NJ 7 Units and 3 Garages Tom Scatuorchio ext 255
Jersey City, NJ 9 Units Scott Davidovic ext 290
Asbury Park, NJ 13 Units Daniel Lanni ext 248
Old Bridge, NJ 7 Units and 1 Commercial Space Matt Weilheimer ext 253
Red Bank, NJ 3 Units and 1 Retail Daniel Lanni ext 248
Roxbury, NJ 14,200 SF Retail Building Tom Scatuorchio ext 255
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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