4C — April 24 - May 14, 2015 — Shopping Centers — M id A tlantic
Real Estate Journal
S hopping C enters
Sgambati, Cafiero, & Milgraum of Marcus & Millichap complete transaction Marcus & Millichap arranges the $2.85 million sale of a 27,225 square foot retail property S OUTH PLAINFIELD, NJ — Marcus & Mil- lichap , a leading com-
mercial real estate invest- ment services firm with of- fices throughout the United States and Canada, announced the sale of 2201-2239 South Clinton Ave., a 27,225 s/f re- tail property located in South Plainfield, according to Brian Hosey , regional manager of the firm’s New Jersey office. The asset sold for $2.85 million. Ben Sgambati and Alan Cafiero , vice presidents in- vestments in Marcus & Milli- chap’s New Jersey office along
with Akiva Milgraum , from Marcus & Millichap’s Man- hattan office, had the listing to market the property on behalf of the seller, a devel- oper. Sgambati, Cafiero and Milgraum also represented the Ben Sgambati
Akiva Milgraum buyer in this transaction. The property is located at 2201-2239 South Clinton Ave. in South Plainfield, New Jer- sey, at the signalized intersec- tion of South Clinton Ave. and New Market Ave. The average
2201-2239 South Clinton Ave.
daily traffic counts at this in- tersection exceed 23,000 cars per day.
The property was built in 1981 and rests on 1.99 acres of land. It consists of 22,325 s/f of street level retail and 4,900 s/f of second floor office space and is currently 82% occupied with eleven tenants. n R.J. Brunelli brokers leases for AAMCO & Dollar Tree OLD BRIDGE, NJ — In its role as national leasing representative for AAMCO transmission and total car repair, R.J. Brunelli & Co., LLC brokered leases for new franchised locations in a 4,600 s/f building at 5120 Rte. 38 in Pennsauken, NJ and an 11,241 s/f building at 2600 William Penn Hwy. in Easton, PA. These deals were brokered by R.J. Brunelli account man- ager Patti Fiore . In Colonia, Dollar Tree will take over a 10,000 s/f space at Inman Plaza on Inman Ave. R.J. Brunelli also serves as broker for the 31,700 s/f cen- ter, which is owned by Oster Properties. In Burlington, Dollar Tree signed a lease for a freestanding, 11,800 s/f building formerly occupied by a carpet store at 1204 Rte. 130. In Pleasantville, the chain leased a new 9,000 s/f freestanding building at 310 Blackhorse Pike. In Voorhees, Dollar Tree signed for a 10,000 s/f end-cap unit at Coopers Plaza, a center anchored by Kohl’s and Marshalls at the intersection of Rte. 73 and Cooper Rd. Dollar Tree’s new, 10,160-square-foot Brigantine location joined anchor Acme Markets in Brigantine Towne Center, located at the inter- section of Harbour Beach and Atlantic Brigantine Blvds. All leases were brokered by Danielle Brunelli-Albrecht , senior vice president/principal at R.J. Brunelli. n
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