S hopping C enters N ew J ersey

Mid Atlantic Real Estate Journal — New Jersey — Section C


Team includes: Steven Winter Assoc., Dagher Eng. and Cates Eng. Bijou Properties’ Edge Lofts in Hoboken receives Leed Platinum Certification


highest level inUSGBC’s LEED for Homes program. “It is a great honor to be rec- ognized by the USGBC and to become LEED-Platinum certi- fied,” said Lawrence Bijou , managing partner of Bijou Properties. “Edge Lofts has been designed and built to raise the bar for sustainable design and building practices in Hudson County and beyond. It is an excellent example of how urban buildings can promote a cleaner, healthier lifestyle for residents while positively impacting the environment. We’re proud of this important achievement which reflects the company’s dedication to green building leadership.” Designed by MarchettoHig- gins Stieve Architects , Edge Lofts features a distinctive brick- and-glass exterior. The south façade will be covered by MILLBURN, NJ ,— TheKis- lak Company, Inc. announced the $9,000,000 sale of Monterey Village, a 36-unit apartment complex in Milburn, NJ. Senior vice president Joni Sweetwood represented both parties in the off-market transaction. “Millburn is one of the most sought-after communities inNew Jersey with a top rated school system and easy access to New York City,” said Robert Hol- land , president and co-managing director. “Joni did an excellent job pairing the long-termowner with anaggressivebuyereager toenter the localmarket. I believe the sale marked the highest per unit price ever paid in Millburn.” MontereyVillage isanall-brick, well landscaped property with on-site parking and garages. It includes four townhouses, 20 one-bedroom apartments and 12 two-bedroom apartments. The property is ideally located on Millburn Avenue across from a CVS and Trader Joe’s less than a half mile from the Millburn train station. It is also one mile from Route 78 and less than five miles

a living wall of ivy to provide thermal, acoustical and aes- thetic benefits, while architec- tural sunshades reduce direct sun absorption at the southern corners. The building’s 35 resi- dences include fresh air filtra- tion systems, open cell spray foam insulation for maximum air and moisture control, supe- rior sound insulation, zero VOC paint, reclaimed antique oak flooring, kitchen and bathroom tiles made with recycled con- tents, and Frigidaire Energy Star appliances. The building is also Energy Star Certified and is a 100% smoke-free en- vironment. Edge Lofts also features 1,250 s/f of ground floor retail space, as well as dedicated art- ist and gallery space. The team of professionals that worked on Edge Lofts in- cludes developer Bijou Proper-

OBOKEN,NJ — Bijou Properties announced that Edge Lofts, its

ties, LEED Consultant Steven Winter Associates , MEPS Engineer Dagher Engineer- ing , and Structural Engineer Cates Engineering . n The U.S. Green Building Council is a nonprofit mem- bership organization whose vision is a sustainable built environment within a genera- tion. Since USGBC’s founding in 1993, USGBC has grown to more than 18,000 member companies and organizations and a comprehensive suite of LEED green building certifica- tion systems. Its membership includes corporations, build- ers, universities, government agencies, and other nonprofit organizations all sharing US- GBC commitment to a prosper- ous and sustainable future for our nation through cost-effi- cient and energy-saving green buildings. n

new luxury rental building in Hoboken has been awarded LEED Platinum certification from the U.S. Green Building Council (USGBC) for achieve- ment in green homebuilding and design. Located at 1405 Clinton St., the six-story building is the first Hoboken residential de- velopment to achieve LEED Platinum certification, the

Edge Lofts

November 8 -21, 2013


Jones Lang LaSalle sells storage portfolio for $21.3m

Purchaser represented by Feinstein, Raiss, Kelin & Booker, LLC Kislak completes $9 million sale of Monterey Village in Millburn

Jones Lang LaSalle com- pleted the sale of a portfolio of three self-storage facilities, totaling 226,455 s/f, for 21st Century Storage. See page 3C.

Newmark Grubb Knight Frank brings office to 98% occupancy

With the latest tenant sign- ings by Newmark Grubb Knight Frank , including the newly-signed Coverys Insur- ance, occupancy at 1776 On the Green office building in downtown Morristown has reached 98%. See page 6C.

Monterey Village

from Route 24 and the Mall at Short Hills. “Millburn is an extremely de- sirable town for residents and commuters,” said Sweetwood. “It has everything you want at your doorstep – a train station with direct service to New York City, great restaurants, local parksand one of the best school systems in the state. The property and com- munity have unlimited potential. Properties in Millburn rarely, if ever, come on the market. This propertywas ownedby the family

of the original builder whowas in the process of refinancing an ex- istingmortgage, butwecompleted the sale before the mortgage matured. And this was my fifth transaction with the purchaser.” Financing was provided by Northfield Bank. The seller was represented by Alan Hammer, Esq. of Brach Eichler LLC and the purchaser was represented by RichardKelin , Esq. of Fein- stein, Raiss, Kelin & Booker, LLC . The property is 100% oc- cupied. n


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