2B — October 16 - 29, 2020 — New Jersey — M id A tlantic Real Estate Journal
N ew J ersey
2020 CONFERENCE SCHEDULE Mid Atlantic Real Estate Journal's
Gabriel & Schmidt of Cushman andWakefield ink sale Camber Real Estate Partners acquires 88,220 s/f ind. facility
A S T HANOVER , NJ — Camber Real Estate Partners an-
nounced the acquisition of an 88,220 s/f industrial fa- cility in East Hanover. Lo- cated at 601 Murray Rd., the property is si tuated on 6.3 acres near the in- tersection of Rte. 10 and R i d g e d a l e Ave. The acqui- sition comes on the heels of the New
REAL ESTATE INVESTING IN 1031 EXCHANGES Location: Zoom Webinar Contact: Lea@marejournal.com 781.740.2900 November 11, 2020
601 Murray Rd.
said. “It’s very gratifying to be able to take a vacant and for- merly owner occupied single tenant building and reenvision it in a way that has enabled us to get it fully leased to high- caliber tenants in less than 60 days.” MAREJ
spacing, 800a heavy power, seven loading positions and a small, well-appointed of- fice suite, 601 Murray Rd. is ideally suited for an array of tenants. The 601 Murray Rd. trans- action was facilitated by the New Jersey investment sales team of Cushman andWake- field . The team was led by vice chairman Gary Gabriel and managing director Kyle Schmidt . The 100 Industrial Rd. transaction was facilitated by Tom Consiglio and Wil- liamPastuszak of Resource Realty and Chad Hillyer and Tyler Baker of Jones Lang Lasalle .
a section of the MARE Journal 350 Lincoln Street, Suite 1105 Hingham, MA 02043 P: 781-740-2900 Fax: 781-740-2929 www. MAREJ .com Section Publisher Lea Christman lea@ MAREJ ournal.com Section Editor Karen Vachon editor@ MAREJ ournal.com
Jersey-based real estate in- vestment management firm’s April purchase of 100 Industri- al Rd., a 77,875 s/f warehouse property in Berkeley Heights, that was vacant at the time of the purchase, but is now fully leased to two credit-worthy tenants on a long-term basis. Immediately following the acquisition of 601 Murray Rd., Camber agreed to a five- year lease renewal with the property’s largest tenant, and is preparing 60,000 s/f unit for lease. With 24-foot ceiling heights, 40-by-40-foot column
“In a competitive, supply- constrained market, these acquisitions reflect our team’s ability to creatively identify and close on infill properties that possess the potential to generate durable cash flow,” Camber’s managing principal Christopher Bellapianta Real Personal. Real Successful. Real Estate. Your commercial real estate transaction demands innovative expertise and principal involvement. Our network of 75 global offices is exceptionally experienced and intentionally independent. Let’s talk today.
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