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Real Estate

CIT arranges 110M financing for Epic Health Services

According to the announcement, Epic Health Services, a provider of pediatric home health and therapy services as well as adult in-home services, is a portfolio company of Webster Capital, a middle market private equity firm. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.This is CIT’s second transaction with Epic Health ...

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New VP for investment sales at The Goldstein Group

According to the announcement, Lowe has more than 20 years of acquisition, deposition and leasing experience in nearly all commercial real estate sectors. His prior positions included being a court appointed rent receiver and asset manager for numerous financial institutions. Previously, Lowe owned and operated Lowe Commercial Realty Group which focused on large scale capital ...

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10 years, rent free City landlords say E013 offers a way

It may sound too good to be true, but landlords such as C&K Properties beg to differ. With New Jersey’s newly revamped business incentives, the owners of 2 Gateway Center in Newark say it’s entirely possible — even probable — for a tenant that meets the right criteria. “There’s lot of boxes you have to ...

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Kimco announces 35.6M, three-property Clark acquisition

According to the announcement, the fully occupied portfolio includes two long-term ground leases to national grocers: an 85,000-square-foot, high-volume-producing ShopRite, and a newer 53,000-square-foot A&P Fresh Market. Other national tenants include Rite Aid and Bally Total Fitness. This three-property acquisition lies within 20 miles of 17 additional Kimco properties.Connect with NJBIZ: Facebook | Twitter

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CBRE sells Dollar General in Philadelphia for 2M

According to the announcement, Dollar General occupies the 11,685-sq.-ft. building under a 10-year net lease, with two five-year option periods. Elli Klapper of the company’s New York private capital group and Charles Berger of its N.J. private capital group completed the $2.05-million transaction on behalf of the seller. The building, which was constructed in 1920 ...

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