10B — September 11 - 24, 2020 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
20 E. Taunton Rd. in Berlin sells to Taunton Rd LLC Dembo of Markeim Chalmers represents seller in 33,303 s/f multi-building office portfolio B
group based in Lakewood, NJ saw significant value add upside in the four-building purchase, including below market rents, strong tenancy and an 89% occupancy rate at time of sale. The firm has plans to reposition the prop- erty with better management and capital improvement to attract new and retain current tenants. Located just off Rte. 73 with easy in and out access, the complex is near Virtua Voor- hees Hospital, the PATCO Station for the Atlantic City Rail Line and a multitude of local amenities. MAREJ Vantage RES fills last vacancy at FriesMill Shopping Center in Turnersville 20 E. Taunton Rd. 600 South River St. in Hackensack CHERRY HILL, NJ –– Vantage Real Estate Servic - es (Vantage RES) announced that Sushi Maki, a Sushi and Hibachi Style restaurant pro- viding delivery service and pick up options in the Washington Twp. and surrounding areas, has signed a lease for their new location at 245 Fries Mill Rd. in Turnersville. Cui Zhong and Richard Yim, owners of Sushi Maki, signed a long-term lease at The Fries Mill Shop- ping Center, a fully- leased neighborhood landmark with excellent visibility and signage at a signalized intersection on a heavily traveled road. The center is in close proximity to the Atlantic City Expressway and Routes 322 and 47. Monica Walsh , director of client services at Vantage RES, worked closely with the landlord, Hal Garnick , of New South Properties , to negoti- ate and secure the new space for the tenant. “Based on my experience Vantage RES is one of the best commercial real estate brokerage firms that I've in- teracted with in the NJ and Philadelphiamarkets. Monica Walsh is very helpful with lo- cal and industry knowledge and was absolutely on point in filling my retail center. Garnick said. MAREJ
E R L I N , N J — Markeim Chalmers, Inc. , a commercial real estate, appraisals and prop- erty management firm in the Philadelphia Metropolitan Area, announced the following transaction in Berlin. Markeim Chalmers an- nounced the sale of a 33,303 s/f multi-building office portfolio located at 20 E. Taunton Rd. in Berlin. Senior associate Adam Dembo representative both AffiliatedManagement (seller) and Taunton Rd LLC (buyer) in the negotiations. According to Dembo, the private equity
20 E. Taunton Rd. 600 South River St. in Hackensack
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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