Real Estate Journal — Central New Jersey — May 10 - 23, 2019 — 9B


M id A tlantic

C entral N ew J ersey

HFF arranges $35.75M refinancing for cold storage facility in Avenel

ANALAPAN, NJ — Marcus &Millichap announced the sale of Loccisano & Lombardi market property on behalf of seller Marcus & Millichap inks sale of a $3.4mmixed-use building M

a 27,790 s/f mixed-use prop- erty located in Manalapan, NJ, for $3.4 million according to Brian Hosey , regional manager of the firm's New Jersey office. Charles Loccisano and Michael Lombardi , invest- ment specialists in Marcus & Millichap's New Jersey office, had the listing to market the property on behalf of the sell- er, a limited liability company. Loccisano secured the buyer, a private investor. The property is located at 151 State Rte. 33 in Manala- pan and has easy access to Rtes. 9, 95 and 195 as well as the Garden State Pkwy.  Reinhart joins R.J. Brunelli as exec. VP of mixed use & land division OLDBRIDGE, NJ —Veter- an real estate executive Peter Reinhart, Esq. has joined R.J. will work with homebuilders, developers, owners, buyers and tenants on all aspects of mixed- use developments. In addition to his responsi- bilities at the Old Bridge-based firm, Reinhart will continue in his role as director of the Kislak Real Estate Institute at Monmouth University, the longest running real estate degree program in New Jersey. He is also Of Counsel with the law firm of Greenbaum Rowe Smith & Davis, and a director of Four Springs Capital, a pri- vate REIT. Prior to joining Monmouth University full-time in 2011, Reinhart spent 33 years at Hovnanian Enterprises, Inc., including 30 years as Senior Vice-President and General Counsel. He also served as a member of the Board of Direc- tors from 1985 through 2003. During his tenure, K. Hovna- nian was the top homebuilder in New Jersey, as well as one of the nation’s largest, delivering over 20,000 homes per year. ”  Peter Reinhart Brune1li & Co., LLC as executive vice president for the retail real estate bro- kerage’s new Mi xed Us e & Land Di- vision, which

275 Blair Rd. in Avenel

place the 10-year, fixed-rate loan with an institutional lender. Loan proceeds will be used to retire an existing construction loan and return capital to the partnership. The HFF debt placement team representing the bor- rower was led by senior managing directors Jim Cadranell, Gregory Na- lbandian and analyst An- drew Zilenziger. 

AVENEL, NJ — Holli- day Fenoglio Fowler, L.P. (HFF) has arranged a $35.75 million refinancing for a fully leased, 182,154 s/f, class A, state-of-the-art cold storage facility located at 275 Blair Rd. in Avenel. The HFF team worked on behalf of the borrower, a partnership between Ad- vance Realty Investors and Greek Development , to

151 State Route 33 in Manalapan


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