Sales

Real Estate Weekly, May 21, 2003

Jack Isenberg, director of Greiner-Maltz, announced that Escuela Luego, LLC's 10,000-SF's industrial property, was sold for $237 per SF to New Vision Equities, Inc., a New York garment manufacturer. This 3-story, prior acetate film storage building had been modified to provide for multiple occupancy. Richard Byun of Action International Realty represented the purchaser.

CR Richard Ellis announced the sale of 111 Sylvan Ave., a 409,604 SF office building in Englewood Cliffs, N.J., for $70.5 million. Jeffrey R. Dunne and Chris McManus, of GB Richard Ellis, negotiated the transaction.

Sheldon Gross Realty Inc. announced that sale of 271-273 Buffalo Ave., a 5,500 SF building in Paterson, NJ., to Hanson Oren. Murray Levine, of Sheldon Gross, represented the seller in the transaction.

CB Richard Ellis announced the sale of the Hub, a 248,749 SF shopping center in West Hempstead, N.Y., to Morris Realty Associates, LLC for $33.8 million. Jeffrey R. Dunne, Jim Tully, and Bruce Nelson, of GB Richard Ellis, negotiated the transaction.

Besen & Associates announced the sale of 164 W. 128th St., a walk-up apartment building in New York City, for $1.75 million. Carol Ann Flint, of Besen & Associates, represented both parties in the transaction.

Grubb & Ellis Company announced the sale of 306-312 W. 97th St., a two-building package in New York City, to Time Equities, Inc. Miriam Halpert and Jonathan Miller, of Grubb & Ems, negotiated the transaction.

CB Richard Ellis announced the sale of 300 Post Road, a 20,000 SF office building in Westport, Conn. for $6.1 million. Jeffrey R. Dunne, of GB Richard Ellis, negotiated the transaction.

Cushman & Wakefield announced the sale of a 290,000 SF industrial portfolio for $22.3 million. The portfolio includes 601-629 Montrose Ave. in South Plainfield, N.J., 60 Ethel Road West in Piscataway, N.J., 70 Ethel Road West in Piscataway, NJ., and a building on Smith St. in Englewood, N.J. Cushman & Wakefield negotiated the transaction.