S hopping C enters N ew J ersey S potlight N orthern NJ
Real Estate Journal — Northern New Jersey — September 14 - 27, 2018 — 5B
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B Lewin brokers sale of +/-80,000 s/f property at 144 Delawanna Ave. in Clifton Sholom and Cantor of Team Resources lease +/- 190,000 s/f in Bayonne to Home Essentials &Beyond
AYONNE, NJ — Greg Sholom and David Can t or l e a s e d + / - 190,000 at 45 E. Linden Ave. in Bayonne to Home Essentials and Beyond. TeamResources represented the landlord and Tom Gallagher of Savills Studley represented the ten- ant in this transaction. “This was an expansion move for Home Essentials, and we were able to dovetail their occupancy with the prior tenants move out, so the space was not empty at all,” said Sholom. Cantor and Sholom, along with Shawn Roth handled a 25,200 s/f lease to FH Group International, Inc. in Secaucus. Team Resources represented the landlord in this expansion transaction, while Jeff Chaus of Chaus Realty represented the tenant. “FH continues to grow and took advantage of this availability to add to the 57,000 s/f it already occupies”, said Sholom. Roth, Sholom & Cantor leased +/- 18,000 s/f in Moon- achie to ET Enterprises, a local e-commerce business. Team IRVINGTON, NJ — Bus- sel Realty Corp. (BRC) , a leading industrial real es- tate services firm in New Jersey, an- nounced its arranged the purchase of 72 Woolsey S t . i n I r - vington, NJ, a 37,400 s/f industrial building, for $1.4 million. Gregory Irving, SIOR, executive vice president of BRC, represented the buyer, F.N.T., and the seller, Sun- rise Industries. “F.N.T. will utilize the facil- ity for its distribution center of household goods,” noted Irving. “F.N.T. has been a long-term tenant at the facil- ity and outbid several inter- ested buyers of the property.” Gregory Irving
45 E. Linden Ave.in Bayonne
144 Delawanna Ave. in Clifton
Sholom and Cantor renewed Paris Baguette America Inc.’s +/-37,000 s/f lease inMoonachie. Team Resources represented the landlord in this transaction, while Byung Chung of Realty 7 represented the tenant. Cantor, Sholom and Lissa Roy sold a 94,000 +/- s/f prop- erty at 111 Commerce Rd. in Carlstadt to Eagle Nutrition- als, a manufacturer of dietary supplements. Team Resources, Inc. represented both the seller and purchaser in this transac- tion. “The Team Resources trio was originally responsible for a long term lease at the property between the tenant and land- lord, as well as the subsequent sale” said Sholom. Elizabeth and Newark Lib- erty Airport. In Southern Jersey, BRC leased 49,585 s/f of industrial space at 21 Engelhard Dr. in Monroe. Herb Zimmerman , senior vice president, and Anthony Mircovich , vice president, of BRC represented the proper- ty landlord, Anthony Torsi- ello of Tordan Associates , in the transaction. The ten- ant, Eviva, was represented by Colliers . “I have represented the Torseillo family on all their industrial properties in Edi- son, Somerset, and Monroe, NJ, for the past 37 years,” said Zimmerman. “It is a pleasure to work with them in procuring quality tenants for their properties such as Eviva.” 21 Engelhard Dr. is located near Exit 8A of the New
Eric Lewin brokered the sale of an 80,000 s/f property +/- at 144 Delawanna Ave. in Clifton to Elite Décor, LLC, a home décor business for $7.5 million. Team Resources represented the buyer in this transaction, while Lee &Asso- ciates represented the seller. “Elite Décor’s purchase is the first step in moving the com- pany from Brooklyn, NY in an effort to take advantage of the economic incentives available to them through NJ Grow. Elite Décor is another refugee of the “Red Hot” real estate market in the outer boroughs of NYC. They hope to occupy the build- ing before the end of the year”, said Lewin. Jersey Tpke. with access to Rtes.130 and 1. The property totals 78,000 s/f and has 26- foot ceilings, 10 tailboards, three drive-in doors, wet sprinklers, 400 amps of elec- tric power, 40-foot by 36-foot column spacing, and 30 free surface spaces. Eviva is one of the leading bathroom furniture manufac- turer and wholesalers in the US East Coast. Eviva sells a wide variety of bathroom furniture categories from bathroom vanities to bath- room bathtubs to faucets to mirrors etc. With one of the largest dedicated industrial broker- age staffs in New Jersey BRC is a leading industrial real estate services firm located in Central New Jersey with in- dividual memberships in the Society of Office & Industrial Realtors (SIOR).
111 Commerce Rd. in Carlstadt
Resources represented both the landlord and tenant in this transaction. “Because of our market knowledge and by
working together, we were able to put this deal together before the space officially became available”, said Roth.
Irving of Bussel Realty completes purchase industrial building at 72 Woolsey St. in Irvington, New Jersey
72 Woolsey St. in Irvington
72 Woolsey St. is a 37,400 s/f industrial property, lo- cated near I-78, the Garden State Pkwy. and the New Jer- sey Tpke. The property fea- tures 16-foot ceiling heights,
2,000 s/f of offices, five tail- boards and two drive-in door for loading, and 800 amps of power. The property is within one mile of I-78, and in close proximity to Port Newark/
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