S hopping C enters N ew J ersey S potlight C entral
Real Estate Journal — Southern New Jersey — February 10 - 23, 2017 — 5B
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On the property known as the Lawrence Shopping Center Houlihan-Parnes Realtors, LLC places $18 million first mortgage and credit facility L awrence, NJ — Houlihan-Parnes Re- altors, LLC has placed
resented by Steve Uffner and Doran Golubtchik of Goldberg, Weprin, Finkel, Goldstein, LLP . Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment compa- ny headquartered in White Plains, NY. Founded in 1891, it has been continuously family owned and operated since its inception. Its companies and affiliates invest and engage in the acquisition and owner- ship of all types of commercial properties throughout the US. We specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and advisory and consulting services. n 1984, the property offers 24- foot ceiling heights, 48 feet by 41 feet column spacing, ESFR sprinklers, 58 tailboards and two drive-in doors for loading, and 139 surfaces spaces for parking. The property is in close proximity to Port New- ark/Elizabeth, New York City and Newark Liberty Airport. In a separate transaction, Champion Pool Distributors has leased 93,702 s/f of indus- trial space at 51 SawMill Pond Rd. in Edison. Robert Sager , senior vice president of BRC, and David Blitt , senior vice president of BRC, represented Cham- pion Pool Distributors in the transaction. The property was represented in-house by the owner, Heller Industrial Parks . “The Edison distribution center will add to Champion’s already strong customer ser- vice capabilities,” said Blitt. Totaling 250,272 s/f on 55 acres, 51 Saw Mill Pond Rd. is located near I-287 and the New Jersey Tpke. in Heller Park in Edison. The property features 36 to 38-foot high ceil- ing heights, 50 tailboards and 1 drive-in loading, 48-foot by 48- foot column spacing, wet sprin- klers and ample parking. n
an $18 million first mortgage and credit facility on the prop- erty known as the Lawrence Shopping Center located at 2495-2421 Brunswick Pike & Harding Ave. in Lawrence. The property is improved by a 400,000 s/f shopping center. The property has been tied up in litigation for a number of years. The facility provided a permanent first mortgage to close the acquisition and a line of credit for the re-leasing of vacant space. Major tenants include Acme Supermarket, Burlington Coat Factory and Staples. The property was acquired
2495-2421 Brunswick Pike & Harding Ave.
by a joint venture of JJ Operat- ing Inc. and principals and in- vestors fromHoulihan-Parnes Realtors, LLC. In 2015, the
partners previously acquired Independence Plaza a 250,000 s/f shopping center in Ham- ilton Twp, NJ. The Hamilton
Township property is nearby and has undergone a multi- million dollar renovation. The purchasers were rep-
Bussel, Sager and Blitt of Bussel Realty Corp. complete leases totaling 393,675 s/f of industrial space in Central NJ
Carteret, NJ — Bussel Realty Corp. (BRC) , one of the leading corporate and in-
dustrial real estate ser - vices firms in New Jersey, announ c ed Toll Global Forwarding has consum- mated a long- term lease for 299,973 s/f of i n d u s t r i a l space at 800 Federal Blvd. in Carteret. S t e v e B u s s e l , president of BRC, was re- sponsible for the transac- tion and rep- resented the tenant. Pro- l og i s , t h e owner of the property, was represented by CBRE . “The qual-
Steve Bussel
800 Federal Blvd.
Robert Sager
David Blitt
ity space and strategic location of the property in Carteret made perfect sense for Toll Global Forwarding and why they chose to remain in the
51 Saw Mill Pond Rd.
property instead of relocating,” said Bussel.
Totaling 299,973 s/f, 800 Federal Blvd. is located near
Exit 12 of the NJ Tpke. and sits on 13.79 acres. Built in
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