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NORTHERN NEW JERSEY — RIPCO Real Estate recently completed two transactions in Northern NJ, including the $4.135 million sale of a 28-unit multifamily property in Kearny and a 5,000 s/f restaurant lease at The Promenade Shops at Clifton. In Kearny, RIPCO arranged the $4.135 million sale of a 30,585 s/f multifamily property featuring 28 residential units—16 one-bedroom and 12 two-bedroom apartments—as well as a pharmacy that has operated at the property since 1952. Casey Egan,

Griff Keefer and Anthony Baldo represent landlords WILKES-BARRE, PA — Hinerfeld Commercial Real Estate completed two retail leasing transactions in Northeastern PA, bringing Einstein Bros. Bagels to Bear Creek Commons in Wilkes-Barre Township and Toastee Bagels to 1329 Rte. 315 in Plains Township. Einstein Bros. Bagels leased space at Ste. 305, 11 Bear Creek Blvd. within Bear Creek Commons, a class A retail center in Luzerne County. Griff Keefer of Hinerfeld represented the l

NEW JERSEY — Azarian Realty Co. recently completed two leases at properties it exclusively leases and manages, including a medical office lease in Fair Lawn and a retail lease in Oak Ridge. At Fair Lawn Medical Arts Building, Chi Family Medical Health & Wellness leased 1,420 s/f on the second floor. The two-story, 22,000 s/f medical, dental and professional office building includes 12 tenant spaces ranging from 571 s/f to 4,127 s/f and 80 parking spaces, including private und

Commitment brings 1 Buckingham Ave. to full occupancy PERTH AMBOY, NJ — Lee & Associates New Jersey Office has arranged a 250,000 s/f lease with a freight transportation services provider at 1 Buckingham Ave. in Perth Amboy, bringing the 407,700 s/f industrial building to full occupancy. The commercial real estate firm’s Claudia Ganas, Monica Franco, Ana Carolina De Araujo and Ryan Mojares represented the landlord, MayPerth LLC, in the transaction. Yitzi Jachimowitz of Eretz

By Brendan Wewer, Commonwealth Commercial Appraisal Group Drive through an established industrial corridor and you will see properties outside the traditional warehouse category. They may include a small office or maintenance building, but most of the site is paved or stabilized yard used to store trucks, trailers, equipment, containers, or building materials. Long viewed as contractor yards or low-coverage industrial sites, these properties are now recognized as industrial o

WESTFIELD, NJ — Marcus & Millichap announced today the sale of 219-225 E. Broad St., a mixed-use property in Westfield. The asset sold for $5.9 million. “This transaction reflects the continued demand for well-located mixed-use assets in New Jersey’s strongest downtown markets,” said Alan Cafiero, executive managing director investments in Marcus & Millichap’s New Jersey office. “Westfield’s combination of high-quality demographics, strong retail fundamentals and direct rail

Atlantic City, NJ —Vantage Commercial announced the sale of an 11-lot assemblage (±0.57 acres) at 1829 Arctic Ave. in Atlantic City to Yum & Chill, LLC, which will be developing the site as a new Wendy’s quick-service restaurant. Vantage Commercial represented both sides of this transaction: • Ken Richardson & John Doss represented the seller • Leor Hemo, president and CEO, represented the buyer.