The initial loan funding provided a portion of the acquisition cost, enabling the borrower, an affiliate of Argent Ventures, to acquire the property from Honeywell International.
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Real Estate
CBRE arranges sale of former Presbyterian church in Passaic for $750K
The 12,790-square-foot two-story house of worship can accommodate up to 400 people in the main sanctuary and balcony. The lower level contains meeting rooms, offices and a full industrial kitchen.
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Kay Commercial Realty selected to market 11,000SF office in Verona
The space includes private units, working fireplaces, conference rooms equipped with skylights, custom shelving, a full law library, working kitchen and numerous other amenities.
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Lee & Associates New Jersey arranges sale for 80,000-SF industrial property in Roselle Park
The property was sold for $4.65 million and will include multiple tenants. Currently, the location is fully leased and features two large recessed loading docks and approximately 200-feet of frontage along the Interstate 28 corridor.
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WCRE secures industrial building in Vineland to city’s Municipal Utilities Division
This extremely well-maintained 32,000-square-foot property consists of executive suites and warehouse space which will serve as storage, workshop and office space for the electric utilities generation unit.
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Camber Real Estate acquires 1.24M SF portfolio in Southern New Jersey and Southeastern Pennsylvania
The acquisition is comprised of a mix of distribution buildings and multitenant infill light-industrial properties, which remain a central focus of the Clifton-based company's investment strategy moving into 2021.
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CBRE sells Gaslight Commons Apartments in South Orange for $84.2M
The 200-home luxury apartment community was purchased by Pacific Urban Residential which will continue to focus on enhancements to the unit finishes, common areas and outdoor space.
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Dermody Properties leases full building to National Tree in East Windsor
The importer and wholesaler of artificial Christmas trees, wreaths and garlands will consolidate its three smaller New Jersey warehouse locations into one.
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Summer season at the Jersey Shore will be hot as 365 Ocean gears up for active winter home buying season
Recent trends in the real estate market are favoring locations like Long Branch, and with more than 80 percent of the units now sold, prospective buyers still have a variety of floorplans and locations to choose from.
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G.S. Wilcox & Co. refinances $6.8M for Bridgewater office building
The Class A property is a three-story, recently updated building containing over 111,500 square feet of multi-tenanted office space. Current tenants include both office and medical users alike, including RJW Barnabas Health.
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R.J. Brunelli & Co. announces new retail leases for northern and central sites
The Old Bridge-based brokerage completed deals for Family Dollar, European Wax Center and a local furniture retailer.
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The Kabr Group announces purchase of Suffolk County Long Island industrial and logistics site
The 200,000-square-foot asset is 95% occupied with long-term credit leases in-place.
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