S HOPPING C ENTERS N EW J ERSEY
Mid Atlantic Real Estate Journal — New Jersey — Section B
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For Seafrigo USA Cold Storage in Elizabeth Campanelli Construction completes 175,000 s/f cold storage warehouse in Elizabeth
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L I Z A B E T H , N J — Campanelli Con- struction , a construc-
was constructed on a historic fill site, previously the loca- tion of a 160,000 s/f FedEx facility. “Campanelli has established a great presence in New Jersey for our expertise in cold stor- age warehouse and distribu- tion facility construction. We have greatly enjoyed working with Condigel S.A., the par- ent company of Seafrigo, as well as the developer, Vestal, and look forward to building another facility for them in the near future,” said Jeff De- Marco , partner and president of Campanelli Construction. Campanelli has constructed almost a million s/f of freezer facilities in the state of New Jersey over the past six years and over 2.6 million s/f of cold
storage facilities throughout the country. Seafrigo’s building holds 15,000 pallets and includes 130,000 s/f of cold storage space, 30,000 s/f of dock space, and 16,000 s/f of office space. There are 25 overhead door locations and a 1.5 megawatt backup generator to power the entire facility in case of a sustained power loss. “We are extremely pleased that the project was not only completed ahead of schedule but also was built with great quality and attention to de- tail. As Seafrigo continues to grow both in the U.S. and internationally, we hope to partner again with Campan- elli,” said Eric Barbe, owner, Seafrigo. ■
t i o n ma n - a g e m e n t company and divi s i on of Campanelli hav e c om- p l e t ed the construction of a 175,000 s/f cold stor- age warehouse for Seafrigo Jeff DeMarco
Seafrigo USA Cold Storage in Elizabeth
USA Cold Storage in Eliza- beth. The project, which began inAugust, 2012 was completed nine weeks ahead of schedule. This building is located at 735 Dowd Ave., directly off U.S. I- 95 and only minutes from the Newark Airport. The building
SEPTEMBER 13 - 26, 2013
HI-LIGHTS
Bussel Realty brokers sale of 1771 W. Edgar Rd. in Linden
Whitmer heading marketing assignment with Merin, Bernhaut & Gabriel Cushman & Wakefield announces approval of a multi-family dev. site
Bussel RealtyCorp. (BRC) , an industrial real estate ser- vices firm announced it has brokered the sale of 1771 W. Edgar Rd. in Linden, a 43,726 s/f retail and industrial prop- erty. See page 4B.
UNION TWP., NJ — Cush- man & Wakefield, Inc.’s Metropolitan Area Capital Markets Group has been re- tained by EFG Clermont Ter- race, LLC, an EnviroFinance Group Co. to market a 15-acre residential development site at 400 Clermont Terrace in Union Twp. The parcel formerly home to National Envelope Corp. is fully site-plan approved for 140 for-sale townhomes and 130 rental apartments. “This property occupies a central location in a mature, densely populated, land-con- strained community,” said Cushman &Wakefield’s Brian Whitmer , who is heading the assignment with team mem- bers Andrew Merin, David Bernhaut and Gary Gabriel . “Simply put, this is a prime transit oriented, infill redevel- opment opportunity.” Whitmer added that the in-place approvals add to the offering’s appeal. “EFG’s suc- cessful entitlement of the property creates the ability to go vertical within just a few
SELA Properties acquires a 31 unit building in Jersey City
SELAProperties , The Fort Lee based real estate in- vestment and management company had announced its recent acquisition, a 31 unit building in Jersey City. See page 5B.
400 Clermont Terrace in Union Twp.
months from closing, which is a rarity, especially in New Jer- sey where securing site plan approvals can be a lengthy, onerous, and unpredictable process,” he said. “This and a number of other compelling factors are contributing to significant interest from the multi-family development community. “For example, the area in the vicinity of the Union rail station is transforming into a transit village anchored by
recently constructed, highly successful multifamily develop- ments and continued facility expansion by Kean University. These elements are a driving force of positive momentum and value creation that will benefit 400 Clermont Terrace,” Whit- mer noted. “Kean University is a natural demand driver for new housing as it continues its student and faculty population growth, currently ranking as New Jersey’s third largest in- stitution of higher learning.” ■
ALSO INSIDE:
N ORTHERN N EW J ERSEY S POTLIGHT .....................5-14B
P EOPLE ON THE M OVE .............................................18B
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