“The advanced technology and capabilities developed by EnTech is unparalleled in the industry. Inside Cover A - DecemJanuMid Atlantic Real Estate Journal W e are inviting a select groupof topexecutivesĭEADLINE: DECEMBER 28 Click Here for DetailS Including but not limited to the overall economy, inflation, interest rates, future business growth, capital markets and other areas effected by commercial real estate. Highlighting future periods of economic activity in various relatedcategories. MID ATLANTIC Real Estate Journal Features Our Annual 2013 Forecast Spotlight to forecast and or predict what theyseefor2013relating to their specific industry specialty. Jordan Metz, sales as- sociate and vice president at Bussel, represented the owner Having been previ- ously occupied by Vesuvio Foods, the region’s premier Italian foods distributor, the facility boasts 8,000 s/f of corporate offices, 25,000 s/f of cooler/freezer space, high 34’ ceilings, 11 loading docks, active rail service, and comes fully racked with many other features. According to Metz, “141 Fieldcrest is a gem a free- standing, class A facility in an unparalleled Raritan Center location with amenities on site, loaded with features Panza & Sons, the region’s distributor to soft serve frozen yogurt and ice cream vendors, which is expanding from its nearby warehouse. John Cascio and Steven Nozza, also at Bussel, represented the tenant, A. Parlaying on their recent success, Metz, along with Cascio and Nozza, have been appointed brokers on 50-60 Parkway Place, Edison, the 50,000 s/f warehouse from which Panza is relocating. Now they have a home to meet their expansion needs over the next 20 or 30 years”, said Cascio. “The Panza family business just couldn’t pass up on the opportunity for such a choice property, literally down the street from the facility at which they’ve operated for over 30 years. Cascio and Nozza of Bussel were both instrumental in pro- curing the tenant. We accomplished that, and all parties to the deal are enthusiastic that it was able to come to fruition”. While the building attracted dozens of companies, both domestic and international, the goal was to find the perfect long term fit for the space. The property was built in 1972 and fully gut-renovated,ĭesigned for a food related dis- tribution operation. has announced the long term lease of a class A 80,000 s/f industrial distri- bution center located at 141 Fieldcrest Avenue in Raritan Center. MidAtlantic RealEstateJournal-December21,2012-January10,2013-SectionBĮDISON, NJ - Bussel Realty Corp. ■īussel Realty Corporation completes lease of class A 80,000 s/f specialized warehouse This transaction was ne- gotiated by Elliot Treitel and Russ Drebin. The loan features a rate of 3.75% and a 10-year term. multifamily community located on Center Ave. A new mortgage of $5.9 mil- lion was placed by Meridian on This transaction was nego- tiated by Max Beyderman. Mortgage in the amount of $6.25 million on the 234-unit Ridge Park Apts. This transaction was negotiated by Marvin Jeremias. Million was placed by Merid- ian on the 144-unit Pines at Bethabara multifamily prop- erty located on Bethabara Hills Dr. MidAtlantic RealEstateJournal-ShoppingCenters-December 21,2012 -January10,2013-17A S hopping C enterS S potlight B est 2012 P rojects and d eveloPments This transaction was negoti- ated by Israel Schubert. Meridian negotiated a new mortgage in the amount of $14 million on West Park Manor community located on Raleigh Court East in Ocean Twp., NJ. This transaction was ne- gotiated by Russ Drebin. The loan features a rate of 3.68% and a 10-year term. multifamily complex lo- cated on North Hills Dr. ![]() A new mortgage of $14.475 million was placed by Meridian on the 231-unit Norris Hills Apts. This transac- tion was negotiated by Mark Litwack. The loan features a rate of 3.00% and a five-year term. multifamily prop- erty located on Academy Rd. SELIN, NJ - Merid- ian Capital Group, LLC announced the following transactions: Meridian negotiated a new mortgage in the amount of $3.5 million for the 80-unit Linden Court Apts. 10, 2013 Contributing Columnist Alexander Narcise & Greg Priceĭrebin facilitates $14.475 million new mortgage Meridian Capital Group, LLC negotiates $50.7 million in financing for properties ![]() ![]() R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
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