4B — April 14 - 27, 2017 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey

The seller is developer Denholtz Associates Zimmel Associates brokers $6.68 million Somerset industrial building sale

S omerset, NJ — Zim- mel Associates , the Edison based corporate real estate services firm, has brokered the sale of one of its exclusive listings, 655 Howard Ave., a 75,000 s/f industrial building located in Somerset for $6.68 million. The seller is developer Denholtz Associates of Ma- tawan, represented by Jor- dan Zimmel , vice president, Zimmel Associates. The buyer, Bytech International, is an electronics accessories dis- tributor, and was represented by Chuck Fern of Cushman

a year’s time.” Jordan Zimmel presented 655 Howard Ave. to the seller, Denholtz Associates, as an investment opportunity about two years ago. At that time, the building was bank-owned as a result of foreclosure and had been vacant for more than a decade. “Denholtz is a long-term client of our firm and we are always on the lookout for in- vestment properties for our clients,” said Jordan Zimmel. “The building had ground- water environmental issues, but in today’s hot industrial market, it offered excellent potential for a knowledge- able, experienced developer. Denholtz was willing to take on the challenge and it has worked out exceptionally well for all parties. “We were given the exclusive to market the renovated build- ing and had offers for both lease and purchase within three weeks,” he adds. n The Allied Group appo i nt s Cary l Communications to Spearhead Public Relations NEPTUNE, NJ — The Al- lied Group has retained Ca- ryl Communications Inc. , paign will highlight The Allied Group’s leadership position in hospitality renovations as well as other industries serviced, including higher education and healthcare sectors. “Our goal is to spread aware- ness and to convey the accom- plishments of this incredible organization by reporting on its activities. The company provides amazing service and results offering everything from specific renovation proj- ects to turn-key full-service programs,” said Caryl Bixon Gordon , president of Caryl Communications. “We are honored to be retained by a company that has had consis- tent results, and that main- tains its priorities.” n Caryl Bixon Gordon as public re- lations agen- cy to support a variety of ma r k e t i n g i n i t i a t i v e s for the rap- idly growing renova t i on c o m p a n y . T h e c a m -

and Wakefield , Edison, NJ. “This building has an excit- ing investment history and was recently renovated on a major scale,” said David Zim- mel , CEO, Zimmel Associates. “This is the second sales trans- action we have generated for 655 Howard Ave. in less than Jordan Zimmel David Zimmel

55 Howard Ave.

PREMIER MULTIFAMILY BROKERAGE AND ADVISORY SERVICES Superior Results Driven by Experience and Expertise


Sleepy Hollow, NY

Union City, NJ

Jersey City, NJ

Fairview, NJ

Mt. Vernon, NY

North Bergen, NJ

Bayonne, NJ

Hasbrouck Heights , NJ

500 Rt. 17 South Suite 303 Hasbrouck Heights NJ 07604 P: 201.383.4044 F: 201.383.4088 info@RedwoodRealtyAdvisors.com

Made with FlippingBook - Online magazine maker