2B — January 11 - 24, 2019 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey

Markets we serve: Commercial Industrial Residential

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Also procures purchaser of $14.25 million sale Waisbrod of Kislak sells 132k s/f office building in Tinton Falls


INTON FALLS, NJ — The Kislak Com- pany, Inc. announced

t he r e c en t $14,250,000 sale of an of- fice building with 132,272 gross s/f at 1 0 6 Ap p l e St . in Tin- t o n F a l l s , Mo nmo u t h County.

455 Third Street Jersey City, NJ 07302 Ph: 201-653-1613 Fx: 201-653-5470 Bob Kilroy bkilroy@Jewelelectric.com

106 Apple St. in Tinton Falls

total 132,272 s/f. The gross leas- able area is 124,671 s/f. Waisbrod remarked: “The purchaser believes strongly in the central NJ market for multi-tenanted office space and this building’s close proximity to the Garden State Parkway and major metro areas made it very attractive.” At the time of closing, the building was 89% occupied. Both structures have appeal- ing features inclusive of many windows allowing for abundant natural light, newly renovated restrooms, newly carpeted and painted common areas, large, beautiful lobbies, a brand new fitness center, over 550 parking spaces and an outdoor seating area. Other amenities include on-site management, janitorial

services, major mailing and delivery service drop boxes, and multiple sources of high speed internet connectivity. With easy access to major highways, the buildings are situated on the eastern side of Monmouth County, just off Exit 109 on the Garden State Parkway within 30 minutes’ drive of Newark-Liberty Inter- national Airport and approxi- mately one hour fromNYC and Philadelphia. Waisbrod joined Kislak in 2001 and is consistently among the firm’s leading salespeople. He specializes in the sale of investment properties in and around NJ. Waisbrod was the recipient of the firm’s 2013 and 2015 Sima Kislak Jelin Sales- person of the Year award. 

Barry Waisbrod

Markets we serve:

Kislak marketed the prop- erty on an exclusive basis on behalf of the seller, Reidhass L.P., a longtime client, with senior vice president Barry Waisbrod handling the assign- ment.Waisbrod also procured the purchaser, Apple Street Holdings LLC, a NYC-based investor. The multi-tenanted office building consists of two at- tached structures on a 10.4-acre site. One side includes a three- story building with 67,272 s/f built in 1971. The other side includes a two-story building with 65,000 s/f built in 1986. To- gether, the attached structures


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Kim Brunet


Contact Marisol Chase mchase@marejournal.com or call 781-740-2900


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