B — August 16 - 29, 2013 — New Jersey — Mid Atlantic Real Estate Journal


C entral N ew J ersey

40-unit Monmouth Pines apartment complex DeGennaro of Gerber/Somma plays major role in navigating a $3.725 million Freehold sale


by G/S officials Harold Ger- ber and Frank Somma who disclosed that Vice-President Vito DeGennaro played a major role in navigating the lengthy negotiations through rough waters, all of which has solidified his reputation as a persuasive dealmaker. Built in the 1960’s and situ- ated in a fast running growth area of Monmouth County, the 4-building 2-story garden-style multifamily apartment proj- ect covers a 2-acre tract and houses 40 one-bedroom units with balconies. Awide variety of amenities includes ample

on-site parking and laundry facilities. In addition, being sited in a growing upscale lo- cation provides easy access to a network of major highways and a railway transit system that is within 5 minutes from the property. In a postscript, DeGennaro commented: “Our propensity to obtain buyers for all types of investment property and our reputation with the real estate community is one of the best marketing tools that we have. All-in-all, our track record speaks for itself”. n continued from page 6B ‘Broker Bowl’ . . . Touchdown Reward — a 60- inch flat screen television and catered Super Bowl Party. • Any broker who repre- sents a tenant in the signing of a five-year lease(s) between 3,000 and 9,999 s/f will receive the Field Goal Reward — two tickets to a Giants/Jets game in 2013 or 2014. •Any broker who represents a tenant in the signing of a new five-year lease will receive the First Down Reward — a bonus commission of $1 per square foot. • Any broker who brings a tenant to Florham Park Corporate Center for a space tour will receive the Kickoff Reward — a $50 gift card. To qualify for the Kickoff Reward, the space showing must be by appointment with a Bergman or Colliers representative pres- ent and the prospective tenant must be identified at time of inspection. Situated on 14 acres of fully landscaped grounds, Florham Park Corporate Center is eas- ily accessible to Rtes. 24 and 10, as well as I-287, I-280, and I-78. Florham Park Corporate Center is only three miles from Morristown Airport, 20 miles from Newark International Airport and 30 miles from midtown Manhattan. Its close proximity to the Livingston Mall, the Mall at Short Hills, Life Time Fitness Center across the street, and the Short Hills Hilton provides a wealth of re- tail and hospitality options. Bergman is partnering on the Bergman Broker Bowl with the exclusive leasing agents for Florham Park Corporate Center, Colliers International NJ executive managing direc- tor Bryn Cinque and managing director James Bailey. n

reehold, NJ — Building on a reputa- tion as one of the major

b r o k e r a g e firms in the investment p r o p e r t y arena , the Hackensack- based Ger- ber/Somma f i r m h a s sea l ed the

Vito DeGennaro

sale of the 40-unit Monmouth Pines apartment complex in Freehold. The $3.725 million all-cash transaction was announced

Monmouth Pines

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