Real Estate Journal — April 25 - May 15, 2014 — 3A
www.marejournal.com
M id A tlantic
M id A tlantic R eal E state J ournal Tulip Apartments in Passaic, NJ Marcus & Millichap arranges $1,112,500 sale of 15 units
F U L L S E R V I C E
N J & PA
R e a l E s t a t e B r o k e r a g e a n d A d v i s o r y F i r m
focus integrity quality
P ASSAIC, NJ — Mar- cus &Millichap Real Estate Investment Services announced the
Landlord Representation Tenant Representation Investments Property Management
sale of Tulip Apartments, a 1 5 - u n i t m i x e d - u s e property lo- cated in Pas- saic, accord- ing to Brian Hosey, sales manager of t h e f i rm ’ s New Jersey of f i ce . The asset sold for $1,112,500. T h o m a s M c C o n - nell, CCIM and Kevin McCr ann ,
Research & Marketing Information Corporate Real Estate Representation Appraisal & Advisory Services Construction Services
Y O U H A V E O P T I O N S
Tom McConnell
BUILDING SUCCESSFUL RELATIONSHIPS TM
wolfcre.com
connectwithus
951Route73North l SuiteD l Marlton,NJ 08053 l P. 856 857 6300 F. 856 283 3950
Tulip Apartments
Kevin McCrann
Keystone Property announces $12m sale of 290,000 s/f ALLENDALE, PA — Key- stone Property Group announced that it has sold a warehouse and distribution facility at 7132 Daniels Dr. in Allendale, to an industrial real estate investment trust (REIT) for approximately $12 million following the completion of a full-building, 290,000 s/f lease at the prop- erty with Knoll, Inc. 7132 Daniels Dr. consists of cross-dock warehouse, manu- facturing and office space. Knoll, a leading designer and manufacturer of branded furniture and textiles, signed a lease in 2013 to occupy the entirety of the building for distribution and light as- sembly use. A CBRE team led by ex- ecutive vice president Mi- chael Hines and senior vice president Brian Fulmara represented Keystone in the building sale. n Tulip Apartments is located at 430 Monroe St. in Passaic. McCrann said, “The lack of available for sale multifam- ily properties combined with favorable financing has cre- ated a seller’s market. We believe this trend will continue throughout 2014.” n Directors in Marcus & Mil- lichap’s National Multi Hous- ing Group (NMHG), had the listing to market the property on behalf of the seller, a local private investor. McConnell andMcCrann also represented the buyer.
Made with FlippingBook - Online catalogs