24C — July 26 - August 15, 2013 — Brokerage Directory — Mid Atlantic Real Estate Journal
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B rokerage D irectory
In Bergen County, New Jersey Gebroe-Hammer Associates’ multifamily sale caps off at $18+million
I V I NGSTON , NJ — In Bergen County, where for-sale multi- family investment properties L
Park. “Historically, whenever a property comes to market in this Northern New Jersey county, investors – from pri- vate individuals to institu- tional – take notice,” said as- sistant vice president Debbie Pomerantz , who represented the buyer. “Sale prices are highly competitive, if not ag- gressive, with today’s sellers realizing a significant return on their original investment.” The brokerage team also in- cluded managing director David Oropeza , who repre- sented the seller, a long-time
client. The property consists of 10 one-bedroom and five two-bed- room units. Legal counsel was provided by Richard Kelin, Esq. , of Feinstein, Raiss, Kelin & Booker, LLC of West Orange on behalf of the seller and Jo- seph F. Behot, Jr., Esq. , of Sokol, Behot & Fiorenzo in Hackensack who represented the buyer. The Ridgefield Park trans- action follows a surge in re- cent Bergen County sales arranged by Gebroe-Hammer. Highlights include the sale of
amme4r 50 Anderson Street and 430 Union Street in Hackensack, whose combined total of 66
units were recently sold for $8.65 million, and the sale of 12 units at Palisades Manor in Palisades Park. n
Coastal Commercial Group arranges $1.3 million loan
are sparse, G e b r o e - H a m m e r Associates has orches- trated more t h a n $ 1 8 mi l l i on i n investment sales during
Debbie Pomerantz
the past 12 months. The lat- est trade involves the $2.025 million sale of 15 units at 82 Brinkerhoff St., in Ridgefield
Brook Industrial Park
NORTH BRUNSWICK, NJ — Coastal Commercial Group (CCG), a leading full service asset based provider in New Jersey, today announced it has advised and arranged $1.3 million in refinancing for Brook Industrial Park, an 182,000 s/f industrial campus, located in Bound Brook, New Jersey. President John Burke of CCGwas responsible for the transaction. Brook Industrial Park con- sists of 21 tenants,which are primarily industrial, manu- facturing as well as a national chemical company. “Financing was arranged and provided by a local bank through its relationship with CCG,” com- mented Burke. n McConnellJohnson announces lease agreements WILMINGTON, DE — Two global law firms and a global information technology services provider have leased space for their Wilmington offices in the 1201 North Market high-rise, McConnell Johnson Real Es- tate announced. In addition, Bain’s Deli will become the first tenant in the food court at McConnell John- son’s newly renovated Hercules Plaza, 1313 North Market St. The new tenants at 1201 North Market are DLA Piper, Venable LLP and CAI Inc. DLA Piper LLP is leasing the building’s 21st floor, about 17,050 s/f, and will move in by Oct. 1, said McConnell Johnson partner Scott Johnson. Venable LLP moved into its 3,571 s/f space on the 14th floor in March. CAI Inc. recently moved into its offices on the 14th floor, where it is leasing 2,778 s/f. n
Dominance: “...most influential, having a commanding position.” (Webster’s) Q2 2013 • 22 DEALS • Still Averaging 2 Deals A Week DOMINANCE. New Jersey’s dominant brokerage firm specializing in the sale of
multi-family, retail, and commercial investment properties for private investors, REITS, and other institutional clients.
INVESTMENT REAL ESTATE 2 West Northfield Road, Livingston, NJ 07039 Tel. (973) 994-4500 Fax (973) 994-9752 Visit us on the web at: www.gebroehammer.com Email: info@gebroehammer.com
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