Elana Knopp
NJBIZ
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Past articles by Elana:
Peck Brothers joins Elmwood Park Plaza tenant roster
Roofing company Peck Brothers has signed a 5,000-square-foot lease at Elmwood Park Plaza in Elmwood Park. The 68,000-square-foot office building is part of Elmwood Corporate Park, a 274,000-square-foot corporate park owned and managed by Hackensack-based Alfred Sanzari Enterprises. The lease was arranged by Sanzari Vice President of Leasing and Marketing Stephen Jennings, with Randy Horning,… → Read More
Gebroe-Hammer arranges sale of Plainfield multifamily portfolio
Gebroe-Hammer Associates has arranged the sale of a four-building multifamily portfolio in Plainfield. The $6.4 million transaction was finalized by Gebroe Vice President Adam Zweibel. The properties include 1003 Park Ave., 122-124 E. 7th St., 128 E. 7th St. and 138 E. 7th St. → Read More
HFF, Transwestern complete $5M sale of Morristown office property
HFF and Transwestern have wrapped the $5 million sale of a 20,000-gross-square-foot office building in downtown Morristown. The HFF team marketed the property with Transwestern on behalf of the seller, not-for-profit Cornerstone Family Programs, and procured the private buyer. Completed in 2006, the three-story building was formerly home to Cornerstone Family Programs, which is consolidating… → Read More
Marcus & Millichap completes mixed-use sales in Bayonne
Marcus & Millichap has wrapped the sale of two mixed-use buildings on Broadway Street in Bayonne. Marcus & Millichap’s Fahri Ozturk and Tyler Van Wagoner marketed the properties on behalf of the sellers, two separate private owners. They also secured and represented the buyers for both transactions. A building at 554-556 Broadway, sold for almost $2 million, is comprised of 10,260 square… → Read More
WCRE completes Marlton lease
WCRE recently represented RXSense tech firm in the leasing of 15,362 square feet of office space owned and managed by Accordia LLC. WCRE Vice President and Principal Chris Henderson and WCRE Director of Strategic Relationships Brian Propp represented the tenant. → Read More
PREIT, 1776 to create incubator in Cherry Hill Mall
PREIT has announced a new partnership with 1776 at Cherry Hill Mall, with a planned retail incubator to occupy more than 11,000 square feet of space. Currently slated to open in November, the project will focus on retail and e-commerce incubation initiatives. It aims to serve as a home to corporate and startup businesses engaged in retail and e-commerce. → Read More
Teva Pharmaceuticals inks Parsippany lease
Teva Pharmaceuticals USA Inc. has inked a long-term lease for 345,000 square feet at P3 Properties at MCBLUE in Parsippany. MCCBLUE, formerly known as Morris Corporate Center III, is a Class A, 541,000-square-foot commercial office complex comprised of four, four-story buildings connected by an atrium. The pharmaceutical firm, which is relocating from North Wales, Pa., will occupy Building A,… → Read More
Stores in Montclair, Hoboken among first in UK-concept’s tristate rollout
Cushman & Wakefield has inked two New Jersey retail leases for maternity and children’s clothing boutique JoJo Maman Bébé. The stores in Hoboken and Montclair are among the first in the country for the U.K.-based concept, which has 90 stores throughout the U.K. and Ireland. Cushman’s David Townes represented JoJo on the two leases, a 900-square-foot space at 407 Washington St. in Hoboken and… → Read More
Cushman & Wakefield negotiates sale of Arbor Glen
Cushman & Wakefield, along with RBC Capital Markets, has negotiated the sale on undisclosed terms of Arbor Glen, a 274-unit, 25- acre senior living community in Bridgewater. Based in Cushman’s Tampa office, Executive Director Allen McMurtry and senior directors Paul Carr and David Kliewer represented nonprofit Friends Retirement Concepts in the sale. The buyer is a global institutional… → Read More
Progress Capital arranges refinancing for Newark multifamily
Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than $4.8 million for a client to refinance their multifamily property in Newark’s Weequahic neighborhood. The property is a six-story brick elevator building with 58 residential units. Acquired in 2016, the building has undergone a series of capital improvements. → Read More
Roseland launches leasing for RiverHouse in Weehawken
Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corp., has launched the leasing of RiverHouse 11 at Port Imperial in Weehawken. The 10-story residential community is Roseland’s latest addition to its $2 billion, 200-acre master-planned Port Imperial waterfront development, which will include 20 upscale residential, retail and hotel properties upon completion. Located at the edge of… → Read More
Walters Homes office under construction in Ship Bottom
Walters Homes home builders will be consolidating four of its divisions with the construction of an office building in Ship Bottom. The two-story 5,790-square-foot building will house a sales office, Walters Realty, Walters Architecture LLC and design center. The firm will occupy 4,730 square feet of space while 1,060 square feet will be leased to a restaurant. The project, slated to open next… → Read More
Kislak sells Teaneck multifamily
Kislak Co. Inc. has completed the sale of Alma Terrace, a 25-unit multifamily property in Teaneck, for almost $3.7 million. Built in 1943, the property is a three-story, garden apartment community. Kislak Vice President Andrew Scheinerman represented the seller and also procured the purchaser. → Read More
NAI Hanson completes Elmwood Park office lease
NAI James E. Hanson has brokered a lease for 4,970 square feet of office space for Peck Brothers LLC at 475 Market St., a four-story, 68, 532-square-foot property in Elmwood Park. NAI Hanson’s Randy Horning, Darren Lizzack and Mike Guerra represented the tenant in the transaction. → Read More
Tenants set for Market Street in downtown Camden
Several new small businesses soon will open on downtown Camden’s Market Street. → Read More
Newark building restored with refinancing
A Newark mixed-use building severely damaged in a 2017 fire just got a new lease on life. → Read More
Kislak named sales agent for Newark multifamily portfolio
The Kislak Co. Inc. has been named the sales agent for an 81-unit multifamily portfolio in Newark. The portfolio includes four fully occupied buildings in the Forest Hill area of the city’s North Ward. Kislak Senior Vice President Barry Waisbrod and Sales Associate Julie Gralla are handling the assignment on behalf of the property owner. “The North Newark portfolio provides investors with a… → Read More
Gebroe-Hammer completes Central Jersey multifamily sales
Gebroe-Hammer Associates recently completed the sale of 118 units in Perth Amboy, Bradley Beach, Eatontown and Neptune at prices totaling more than $20.3 million. Gebroe represented each of the sellers or procured the buyers. Multifamily transactions included Spring Cove Apartments in Perth Amboy, La Reine Arms in Bradley Beach, Throckmorton Apartments in Eatontown and 248-250 Myrtle Ave. in… → Read More
Unicom Global buys former Merck property
The former Merck & Co. campus finally has a buyer. UNICOM Corp., a division of UNICOM Global, announced Thursday it has signed an agreement with Merck Sharpe & Dohme Corp. to purchase the Merck property at Whitehouse Station in the Township of Readington. The office buildings, totaling approximately 1.24 million square feet, are located on 1,100 acres. Terms of the transaction were not… → Read More
Bussel leases South Plainfield industrial
Bussel Realty Corp. has completed the lease of 55,000 square feet of industrial space in South Plainfield to special events construction/tent rental company Main Attractions. BRC Executive Vice President Gregory Irving represented Main Attractions in the transaction. → Read More