6B — June 17 - July 21, 2022 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern NJ
VP Julie Gralla & EVP Joni Sweetwood arrange off-market sale Kislak sells Orange, New Jersey multifamily development site
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amenitized building known as Orange Valley Lofts. The ground floor will include park- ing, the lobby, a bike room, and amenity room. The second floor will include a spacious outdoor terrace for tenants to enjoy. Gralla said, “It was a plea- sure representing the seller again on the sale of another development. I am excited to see this project come to life. I have learned from this sale and others like it is that there is a strong demand among de- velopers and tenants alike for the convenience of sizeable and well-located new construction projects.” Sweetwood added, “We sold the approved land and our pur- chaser secured financing and is now breaking ground. Julie has long relationship with the Seller, and I have sold multiple land deals to the Purchaser. I am excited about this project in the Valley Arts District and Mr. Reynolds Asset Management’s commitment to the arts there.” The property is located in an Opportunity Zone in the Valley Redevelopment Area bordering West Orange. It is a three- minute walk to Midtown Direct train service – 10 minutes to Newark and 30 minutes to NY Penn Station. Rte. 280 and the Gardens State Pkwy. are a short distance to the property. Julie Gralla joined Kislak in 2010 and specializes in the sale of investment properties throughout northern New Jersey. After her first year with Kislak, she received the company’s Rookie of the Year award. In 2020 and 2021, Gralla also received the company’s silver achievement award, previously earning the bronze achievement award in 2016 and 2017, for her trans- action success. She was also recognized in the Mid Atlantic Real Estate Journal’s Execu- tive Women in Business and 40 Under 40 spotlight issues. Joni Sweetwood joined Kis- lak in 1996 and is also one of the firm’s all-time leading salespeople. She has won nu- merous awards, including the Sima Kislak Jelin Salesperson of the Year award in 2010 and the company’s production award in 2010, 2011, 2012 2013, and 2018. She has also been recognized repeatedly as one of New Jersey’s Com- mercial Broker All Stars and the Mid Atlantic Real Estate Journal’s Executive Women in Business. MAREJ
on behalf of the seller, Tritop Realty, LLC . executive vice president Joni Sweetwood
RANGE, NJ — The Kislak Company, Inc. announced the re-
procured the purchaser, Freeman O r a n g e Holdings, LLC , which is an affiliate of Reynolds Asset Man- agement . The prop-
cent sale of a multifamily development site at 606 Freeman St. in Orange, Essex Coun- ty. The price was not dis- closed. The Kislak
Julie Gralla Joni Sweetwood
erty is a 0.89-acre parcel ap- proved for a transit-oriented development with 103 market rate units in a five-story fully-
Company, Inc. marketed the property on an off-market basis with vice president Julie Gral- la managing the assignment
606 Freeman St.
EXCLUSIVE PROPERTIES FOR SALE
Newark, NJ 4 Buildings 57 Units + 2 Retail Michael Salomon ext 243
Westport, CT 28 Units Andrew Scheinerman ext 247
Newark & East Newark, NJ 3 Buildings 20 Units Julie Gralla ext 224
Eatontown, NJ 28,166 SF Office Daniel Lanni ext 248
Fair Haven, NJ Free-Standing Building Daniel Lanni ext 248
Livingston, NJ 13,690 SF Office Scott Davidovic ext 290
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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