2B — January 13 - 26, 2017 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey Sgambati, Cafiero &Mariani listed 7,800 s/f office prop. Marcus &Millichap arranges NJsales totaling$3.15million

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LIZABETH, NJ — Marcus & Millichap , announced the sale of a 7,800 s/f office property located in Elizabeth. Ben Sgambat i , Al an Cafiero and Steve Mariani , investment specialists in Mar- cus & Millichap's NJ office, had the listing to market the property on behalf of the seller. The team also secured and represented the buyer. In a second transaction, Mar- cus &Millichap announced the sale of a 13,500 s/f mixed-use property located in Orange, for $1.575 million, according to Hosey. E

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7,800 s/f office property located in Elizabeth

Michael Lombardi and Chip Collins , investment specialists in Marcus & Milli- chap’s NJ office, facilitated the transaction. Lombardi had the listing to market the property on behalf of the seller. The subject property is lo- cated at 256 Reock St. This two-building mixed-use of- fering consists of seven resi- dential and two commercial spaces. The residential units are spacious townhouse style apartments. Collins repre- sented the out of state buyers who recognized the quality product and the opportunity the offering presented. “They saw the influx of investment capital coming into this tran- sit-oriented neighborhood of Orange, NJ”, Collins said. n Cushman & Wakefield adds two associates to team EASTRUTHERFORD, NJ — Cushman & Wakefield has added two new associates to its brokerage services team in East Rutherford. Adam Coopersmith and Dylan Tusinac , both are recent col- lege graduates. Coopersmith is working with an office brokerage team headed by Marc Trevisan and David Sherman . The group specializes in tenant representation, national ac- count management and agen- cy management assignments. Tusinac, who is working with Josh Cohen , is focused primarily on tenant represen- tation, designing and imple- menting corporate real estate strategies for companies of all sizes. He also is involved in select agency leasing as- signments. As a former ocean rescue squad team member in Lavallette. n

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