8B — May 13 - 26, 2016 — Central New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral N ew J ersey
Zimmel Associates represents Powerspec Inc. Bussel Realty Corp. leases 9,000 s/f in Somerville, NJ
NAIOP New Jersey Names Hartigan Programs & Education Coordinator
skills are perfectly suited to her role as the point of contact for all aspects of our continuing education programming,” said McGuinness. “Industry profes- sionals should consider her their go-to resource for every- thing from program updates and speaking opportunities to maintaining CEU records and registering with the Chapter as a certified instructor.” Hartigan comes to NAIOP from Weichert Realtors in Princeton, where she was real estate agent and office manager. Previously she was staffing manager with Staff- ing Now, also in Princeton. Hartigan holds a bachelors degree in Political Science and Spanish from Vanderbilt University in Nashville, TN, and is a licensed realtor in New Jersey. “I look forward to applying my experience in residential real estate and non-profit work to continue providing excellent programs that give our members valuable oppor- tunities to expand industry knowledge, maintain profes- sional credentials and connect with industry experts,” said Hartigan. n The sale of two industrial condominiums totaling 10,000 s/f at 1750 Brielle Rd., Units 3 and 4, Ocean, NJ from Cusa Realty to Jack Gindi. The lease of 10,000 s/f of in- dustrial space at 2003 Atlantic Ave., Wall, NJ from 2116 Sun- set Associates, LLC to Jersey Shore Moving and Storage, Inc. Robert JanTausch was the salesperson in this transaction. The sale of a 9,000 s/f office building at 1460 Morris Ave., Union, NJ from 1460 Morris Ave., LLC to New York Typo- graphical Union CWA Local 14156. Brian Murphy was the salesperson. The lease of 8,600 s/f of retail space at 2138 Bridge Ave., Point Pleasant, NJ from Kirk and Lisbeth Larson to Ergo Phobia, LLC. Robert Jan- Tausch and R. Brian Schrad- er were the salespeople in this transaction. The lease of 6,700 s/f of re- tail space at 14 Highway 12, Flemington, NJ from Dela- ware Valley Associates to Blue Diamond Buffet, Inc. Giorgio Vasilis was the salesperson in this transaction. n
NEWBRUNSWICK, NJ — JenniferHartigan has joined NAIOP New Jersey , the
commercial real estate development association, as programs & education coordinator. In this role, s h e i s r e - sponsible for planning and
OMERVILLE, NJ — Bussel Realty Corp. (BRC) , a corporate and industrial real estate ser- vices firm in New Jersey, announced Powerspec Inc. has leased a free standing 9,000 s/f industrial property at 25 Fourth St. in Somerville, New Jersey. BRC vice presi- dent Anthony Mircovich represented the owner, while Jordan Zimmel of Zimmel Associates represented the tenant. “I am happy to have leased 25 Fourth Street to Power- spec, which will utilize the property for manufacturing and distribution purposes,” said Mircovich. “Activity on this high-ceiling, free stand- ing building was incredible.” Mircovich is also handling a free-standing 10,000 s/f, 20-foot ceiling property at S
Jennifer Hartigan
managing all programs, tours, meetings and seminars and the association’s continuing education program, as well as overseeing continuing educa- tion credit records for industry professionals. “Continuing education is a vital part of our mission, and a critical service for our members as the commercial real estate industry contin- ues to evolve,” said Michael McGuinness , CEO. Earning credits is required for the re- licensing of real estate brokers and salespersons, and NAIOP New Jersey routinely provides education credits to attorneys and architects. “Jennifer’s program devel- opment and customer service CENTRAL NJ — Sitar Re- alty Company announced the following transactions: The lease of 104,005 s/f of industrial space at 699 Kap- kowski Rd., Elizabeth, from Northport Industrial Center, LLC to CMC Food, Inc. Wil- liam Sitar Jr. and John Cranley were the salespeople in this transaction. The lease of 56,000 s/f of retail space at 5361 US High- way 9, Howell, from AAM Mills, LLC to XScape The- atres. Giorgio Vasilis was the salesperson. Five leases of office space totaling 48,166 s/f at 242 Old New Brunswick Rd., Piscat- away from 242 Walton Part- ners, LLC to Itlize Global, Inc.; Comtek Global, Inc.; IOasis, Inc.; Care Associates Network, LLC; and Green Pharmatek, Inc. Robert Bogash and Douglas Sitar were the sales- people in these transactions. The lease of 12,165 s/f of industrial space at 55 Prog- ress Place, Jackson, NJ from Fesco Realty Associates, LLC to Applegate Moving and Stor- age, Inc. Robert JanTausch was the salesperson in this transaction. The lease of 11,000 s/f of industrial space at 111 North Michigan Ave., Kenilworth, from THS Properties, LLC
25 Fourth St.
2216 Hamilton Blvd. in South Plainfield. 25 Fourth St. offers 25 free surface parking spaces, 20- foot ceiling heights, one drive-
in and one loading dock. The property is directly off of Route 206, and less than a mile from the Bridgewater Route 202/206 circle. n
Tulfra Real Estate completes flex/ industrial building conversion
NEW PROVIDENCE, NJ — The older industrial buildings lining Central
Sitar Realty Co. announces transactions to Griffin Dewatering, LLC. Ronald Schrader Jr., Wil- liam Sitar Jr., John Cranley, Robert Bogash, and David MacDowel l were the sales- people in this transaction.
Ave. in New Providence h a v e f o l - lowed a pro- gression of conversion to technolo- gy, medical, recreational and educa-
Sonny Jumani
tional uses, and a prime ex- ample is the New Providence Commerce Center at 705 Central Ave. Tulfra Real Estate acquired the 108,000 s/f industrial/flex building from the Borough of New Providence in 2007 as part of a partnership, and launched an immediate renovation and re-positioning of the rental property as a business condominium. The result is that the building now has just one 8,000 s/f unit still available for sale on the five- acre property. “The building was half- occupied by the Summit Speech School, and half- occupied by FRC Electrical Industries,” said Sonny Jumani , partner and presi- dent of the Rochelle Park, NJ-based Tulfra Real Es- tate. “It was ideal for mixed- use and recreation, and as part of the repositioning, the industrial tenant was downsized to 10,000 s/f, and 26,000 s/f was then
New Providence Commerce Center
sold to Indigo Gymnastic Academy. We are currently marketing the one 8,000 s/f unit that remains available, and are seeing considerable interest.” According to Jumani, the successful conversion of 705 Central Ave. is part of a “larger story.” The company has also completed the re- positioning of the adjacent 63,000 s/f 755 Central Av- enue, for technology, edu- cational and business use. Originally constructed in 1961, it was fully renovated in 2012. “It was an older manufac- turing building acquired in
2009,” said Jumani. “It is now a mixed-use facility oc- cupied by Sproutlings Child Care; the New Jersey Film School; BioRepository Re- sources, amedical technology firm; and the headquarters for East Coast Ship Supply, a logistics company. “The impact of these proj- ects has been significant on the visual and economic elements of the commercial district of New Providence,” he said. “Both 705 and 755 Central Avenue are prime examples of our focus on acquiring, repositioning and bringing new life to existing properties.” n
Made with FlippingBook HTML5