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NorthMarq Capital’s N.J. office arranges two financings totaling 6.25M
According to the announcement, Gary Cohen, senior vice president and senior director of NorthMarq’s New Jersey regional office, financed the sales of the Hampshire Self Storage Portfolio and two Hoboken-based multifamily properties. The Hampshire property contains two facilities located in Cherry Hill and Burlington with a combined total of 109,995 square-feet. The $3.5 million financing [&h[...]
Marcus Millichap arrange 2.6M sale of Chase Bank Ground Lease
According to the announcement, Michael Lombardi, senior associate director of the Net Leased Property Group in Marcus & Millichap represented the seller. Lombardi also secured and represented the buyer, a private investor. The absolute NNN leased bank branch sold at a 5 percent cap rate. Stay informed: Subscribe to free NJBIZ newsletters Follow @NJBIZ […]
HFF closes sale of eight-property industrial portfolio in the Meadowlands
According to the announcement, HFF senior managing director Jon Cruz, managing directors Michael Nachamkin and Kevin O’Hearn, and real estate analyst Marc Duval worked on behalf of the seller, Saddle Brook-based real estate company Wilson Associates. The portfolio is located at 325, 425, 521 and 599 Gotham Parkway; 193, 194 and 320 Veterans Boulevard; and […]
Advance Realty moving ahead with mixed-use project in Harrison
The Bridgewater-based developer announced Monday it has site-plan approval for the project, which calls for 345 luxury apartments and 18,000 square feet of retail space. Construction is expected to begin in the second quarter. The project will be the next piece of the Advance’s Riverbend District, a parcel that sits within Harrison’s 250-acre redevelopment area. […]
Hartz Mountain Industries names new EVP, general counsel
According to the announcement, Patton will succeed the firm’s long-time general counsel, Irwin Horowitz, who will remain with the firm as an executive vice president and counsel emeritus. Patton joined Hartz’s legal department in 1987 after working with Horowitz at the Newark-based law firm of Horowitz, Bross, Sinins & Imperial. Since 1987, Horowitz has been […]
Fort Monmouth Creating a big space for big data
Plans for the headquarters — now in its first phase of construction — have buoyed efforts to redevelop other parts of the 1,100-acre property. And experts say landing the fast-growing data management company as an anchor tenant has raised the fort’s profile as a potential hub for the technology industry. “It’s excellent to have a […]
Avison Young named exclusive leasing agent at Bridgewater Crossing
According to the announcement, the buildings are owned by Piedmont Office Realty Trust, one of the top five office real estate investment trusts in the U.S. Bridgewater Crossing is comprised of two mirror-image office buildings located at 200 and 400 Crossing Blvd., within the master-planned, mixed-use Bridgewater Commons commercial complex. Avison Young Principal William E. […]
Dish Network moving 350 jobs to Roseland
The Englewood, Colo.-based company has signed a 10-year deal for the space at 3 ADP Blvd., a 75,000-square-foot building off I-280, according to a press release from the joint venture. The tenant is relocating from elsewhere in the state and was expected to move more than 350 customer service and sales positions early this month. […]
HFF secures 28M Carteret distribution center refinancing
According to the announcement, HFF senior managing director Jon Mikula and director Michael Klein worked on behalf of The Hampshire Companies to place the five-year, fixed-rate loan with TD Bank. Redeveloped by the borrower in 2012, 200 Milik Street is 100 percent leased. The facility features 36-foot clear ceiling heights, 25 truck loading docks, seven […]
Cushman Wakefield completes 78,000-square-foot HQ lease to Geoffrey Allen Corp
According to the announcement, senior directors Andrew Stypa and Dan Badenhausen in Cushman & Wakefield’s Edison office, along with Steve Elman in East Rutherford, represented Geoffrey Allen, and Hartz was represented in-house. The tenant, an apparel and footwear company, has been a Hartz tenant for 25 years and prior to the latest transaction had leases […]
Mack-Cali, The Praedium Group announce new 26,000 sq. ft. lease of Newark space
The 24-story, 416,429 square foot office building is 98.4 percent leased. Sedgwick was represented in the transaction by David Goldstein, Greg Taubin and Christopher Marx, all of Studley. Mack-Cali and The Praedium Group were represented by Jonathan Meisel, Aaron Ellison and Chris Conklin, all of Jones Lang LaSalle, exclusive leasing agents for the property. Stay […]
HFF secures 6.4M refinancing for 3-building Ohio office portfolio
According to the announcement, an HFF team led by director Michael Klein worked on behalf of the borrower, Bergman Real Estate Group, to secure the 10-year, fixed-rate loan through Natixis Real Estate Capital Inc. Loan proceeds were used to replace existing financing on the property. HFF will also service the securitized loan. Port Columbus Executive […]
