MATAWAN, NJ–Cushman & Wakefield is the exclusive advisor to an affiliate of Denholtz Associates in arranging the recapitalization of Metro Park South, 100 Matawan Road in Matawan, NJ. The $20.7 million transaction involved securing joint venture equity from Palatine Capital Partners.
Metro Park South is a five-story, 132,000 square foot institutional quality office building located in one of the fastest growing regions in New Jersey. The building offers first-class amenities and a modern interior. Metro Park South is situated at Exit 120 on the Garden State Parkway and is within minutes of the NJ Turnpike, Routes 1 & 9 and Interstate 287. The property boasts a diverse tenant base in a variety of industries.
A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Chris Moyer, John Spreitzer and Suraj Ravi, served as exclusive advisor to Denholtz Associates.
“The consummation of this new joint venture is a testament to growing institutional investor demand for high-quality assets at below replacement costs with experienced sponsors in the suburban New Jersey office market,” says Alascio, managing director.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
