Real Estate Journal — Northern New Jersey — September 14 - 27, 2018 — 9B
M id A tlantic
N orthern N ew J ersey
ONTCLAIR, NJ — Marcus & Mil- l i chap , a c om- Cafiero, Sgambati, Cafiero and DeVita had the listing to market the property Marcus & Millichap coordinates the sale of a $2.5 million Montclair office building M
mercial real estate invest- ment services firm with of- fices throughout the United States and Canada, today announced the sale of 70 Park Montclair, a 12,000 s/f office property located in Montclair, according to BrianHosey , regional man- ager of the firm's New Jersey office. The asset sold for $2.5 million. NAI Hanson’s Levering &DePaolera help medical office secure new home in Newark NEWARK, NJ — NAI James E. Hanson has repre- sented Ampersand Health in securing a location to provide full primary medical services at the newly constructed Spring- field Ave. Marketplace, located at 204-234 Springfield Avenue in Newark. NAI James E. Han- son’s W. Joshua Levering, SIOR , and Nicholas DePaol- era represented Ampersand Health in the transaction. The landlord, Tucker Develop- ment , was represented inter- nally by Jake Frantzman of Ripco Real Estate . In a seperate transaction, NAI James E. Hanson and Commercial Realty Group (CRG) have announced a re- cent lease completion for 6,905 s/f of office space with Stra- tegic Micro Systems at 111 Littleton Rd. in Parsippany. Levering and DePaolera, rep- resented the landlord, CRG 119, LLC, in the transaction. Currently under renovation, 111 Littleton Rd. is a 36,289 s/f three-story office building at the intersection of I-80 and I-287 in Parsippany. The lease with Strategic Micro Systems together with CRG’s 8,000 s/f lease for their corporate head- quarters brings 111 Littleton Rd. to over 40% leased ahead of a scheduled Q3 2018 renova- tion completion. Designed by Paul New- man of Kimmerle Newman with renovations managed by Michael Walsh , president of CRG affiliate, Corporate Contacting, Inc. , the renova- tion project at 111 Littleton is focused on providing Morris County’s small businesses with modern class A space and functionality.
Alan Cafiero Ben Sgambati AlanCafiero, Ben Sgam- bati, David Cafiero and Michael DeVita , invest- ment specialists in Marcus & Millichap's New Jersey office, had the listing to mar- ket the property on behalf of the seller, a limited liability
David Cafiero Michael DeVita company. The buyer, a part- nership, was also secured and represented by the team. 70 Park Montclair located at 70 Park St. in Montclair, NJ is 83% occupied con- sisting mostly of medical professionals.
70 Park Montclair
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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