S HOPPING C ENTERS N EW J ERSEY
Mid Atlantic Real Estate Journal — New Jersey — Section B
www.marejournal.com
SBURY PARK, NJ — One of the most challenging assign- Reported by G/S sales vice president Vito DeGennaro Gerber/Somma Associates locks-up $2m, 24-unit multifamily sale in Asbury Park A
The transaction was report- ed by G/S sales vice president Vito DeGennaro who played a pivotal role in obtaining an ex- clusive listing from the sellers who had owned the property for the past 17 years. A com- prehensive marketing strat- egy engineered by DeGenn- aro, culminating in a short term struggle to close the sale after a highly complicated transaction compounded by
ments has been sealed in big league fashion by Gerber/ Somma Associates when the Hackensack-based invest- ment property brokerage firm locked-up the sale of a 24-unit multifamily garden apartment property located in the City of Asbury Park for a price in excess of $2 million.
JUNE 14 - 27, 2013
HI-LIGHTS
Asbury Park, NJ perb space planning. A wide variety of amenities include large one-bedroom layouts with balconies together with air conditioning units, laun- dry facilities and ample on- site parking. In a postscript, G/S officials Harold Gerber and Frank
BRC leases 35,000 s/f at 2500 Brunswick Ave. in Linden, NJ
whirlwind negotiations. Strategically situated with- in a whisper of the Garden State Parkway and located on a highly visible half-acre tract, the apartment complex is striking in appearance, skillful in design and blends quality architecture with su-
Somma commented: “One of the key elements for the success of the deal can be at- tributed to our Sales V.P. who adds an extra dimension to a transaction due to the fact that he is a hands-on deal- maker and a highly persua- sive negotiator.” ■
Bussel Real ty Corp. (BRC) announced that Qualmax Supplies Inc. has leased 35,000 s/f at 2500 Brunswick Ave., Building
D in Linden. See page 2B.
54,185 sf flex building in Mount Laurel, NJ WCRE facilitates sale of Liberty Property Trust’s 8000 Commerce Pkwy.
NAI Hanson completes sale of fully leased office building
NAI James E. Hanson , a leading New Jersey-based commercial real estate firm announced the sale of an 11,400 s/f office building at 469 Morris Avenue, in Sum- mit. See page 4B.
MOUNT LAUREL, NJ — WCRE successfully rep- resented Monterey Holdings, LLC in its acquisition of 8000 Commerce Parkway, Mount Laurel. The buyer acquired this one-story, 54,185 s/f flex building from Liberty Prop- ertyTrust . LeorHemo , exec- utive vice president of WCRE, represented the buyer. “Our client was seeking a long-term commercial real estate investment in a prime location for their growing portfolio. We are very happy to have worked with two great companies to help achieve strategic goals important to both parties,” said WCRE’s Hemo. The subject property 8000
ALSO INSIDE:
N ORTHERN N EW J ERSEY S POTLIGHT .....................5-11B
P EOPLE ON THE M OVE .............................................14B
ICREW NJ O RGANIZATION .....................................16B
8000 Commerce Parkway
Commerce Parkway is located in the prestigious Greentree North Corporate Center in Mount Laurel, Burlington
County, NJ. It is ideally situ- ated with easy access to In- terstate 295, the New Jersey Turnpike, and Route 73. ■
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