S HOPPING C ENTERS N EW J ERSEY
Section B of the Mid A TLANTIC Real Estate Journal
OONACHIE, NJ — Jaime Weiss, presi- dent of Weiss Realty VP Matthew Weiss arranges 8,042 s/f long-term lease with Energy Fitness Weiss Realty arranges the $1,420,000 sale of medical office building M
long-term lease renewal for 1,838 s/f at 3 Lincoln High- way. With these lease signings Colonial Village is now 97% leased. As a mixed use retail and office development, Colonial Village comprises 20,000 s/f of shops, retail services, and dining and 50,000 s/f of offices situated in five buildings on 6 attractively landscaped acres with 400 car parking spaces. Its ideal loca- tion, with a daily traffic count of 23,500 cars at the crossroads of central New Jersey, is easily ac- cessible from the Garden State Parkway at Exit 131, the New Jersey Turnpike and Routes 1 and 9. MOONACHIE, NJ — Mat- thew Weiss, vice president at Moonachie based Weiss Realty has arranged a long-term lease transaction for 8,042 s/f with Energy Fitness at 50 Pier- mont Road, Cresskill. Weiss Realty represented both the landlord, Bren-Cris, Inc. and the tenant SDM Fitness in the negotiations. ■
landlord H.M.L Realty in the lease transaction. The build- ing serves as an urgent care, primary care and occupational medicine facility including physical therapy and medical offices for Concentra. EDISON, NJ — Jaime Weiss, managing member of Colonial Village Associates, LLC and president of Weiss Realty, an- nounced the signing of three office lease transaction totaling 3,478 s/f at the Colonial Village
in Moonachie, acting on behalf of H.M.L. Realty Corporation has arranged the sale of 6701 Bergenline Avenue, West New York to an investment client of Weiss Realty for a sale price of $1,420,000. The one-story, 5,300 s/f medical office building is 100% leased to Concentra Health Services Inc. Weiss also acted as consultant to the
JUNE 8 - 21, 2012
6701 Bergenline Avenue
Professional Office Park and Shopping Center located on the corner of Lincoln Highway/ Route 27 and Parsonage Road in Edison. The new tenants join a distinguished list of medical, professional and retail tenants including Starbucks, Loucas Italian restaurant, highly rat- ed by Zagats, and Bernstein’s Fine Women’s Fashions. The new tenants include Dr. Yvonne Nelson who has leased
1,000 s/f for internal medicine arranged with Matthew Weiss in cooperation with Paul Sal- vesen of American Property. SLiQ Information Technolo- gies, an IT software company office for employee training and information sharing, has leased 640 s/f at 7 Lincoln Highway. Matthew Weiss represented Colonial Village in the transac- tion and Dr. Sheldon Waltuch, Orthodontist, has signed a
HI-LIGHTS
SJPProperties signs 93,000 s/f lease with Allergan, Inc.
SJP Properties has signed a 93,000 s/f lease with global health care company Al- lergan, Inc. at Somerset Corporate Center II. See page 2B.
Broker of record, Fasano, assisted in closing Marcus &Millichap sell 8 unit apartment site for $925,000
Cresa NJ – North/Central helps consolidate whse. operations
CRANBURY, NJ —Marcus & Millichap Real Estate Invest- ment Services, the nation’s largest real estate investment services firm, has announced the sale of 96 North Main Street, an eight unit apart- ment property located in Cran- bury, New Jersey, according to Spencer Yablon, regional man- ager of the firm’s Philadelphia office. The asset commanded a sale price of $925,000. Fred Paisley and Dana New- ton, investment specialists in Marcus &Millichap’s Philadel- phia office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Ken Wellar and Corey Lon- berger, investment specialists
Cresa NJ – North/Central, part of CresaLLCannounced that TricorBraun, Inc. signed an 83,200 s/f lease at 111 Interstate Blvd. See page 3B.
ALSO INSIDE:
N ORTHERN N EW J ERSEY S POTLIGHT .....................5-12B
96 North Main Steet
ICREW NJ O RGANIZATION ................................14-15B
in Marcus &Millichap’s Phila- delphia office. Michael Fasano, broker of record, assisted in the closing of this sale. Dana Newton noted, “Given the pent up demand for qual- ity, stabilized multi-family properties we saw tremendous interest during our marketing
process.” With more than 1,000 ivest- ment professionals in offices nationwide, Marcus & Milli- chap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. ■
P EOPLE ON THE M OVE .............................................16B
Section B, 20 pages
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