PENNSVILLE, NJ—The Kislak Company brokered a trio of properties in southern New Jersey with a total of 313 residential units and 50,400 square feet of retail space, for a combined price of $23.05 million
The separate transactions include the $12.15 million off-market sale of Laura's Glen Apartments, a 197-unit apartment owned by Houlihan Parnes in Pennsville, Salem County, to AJH Management; the $6.75 million sale of Penn Garden Apartments, a 116-unit apartment complex in Pennsauken, Camden County; and the $4.15 million sale of Manahawkin Center, 609 E Bay Ave., Manahawkin, a 50,400 square foot Acme-anchored shopping center acquired by Manahawkin Acquisition from Atalaya Capital Management. (Buyers and sellers were obtained from Real Capital Analytics, a proprietary research service.)
Kislak senior vice president Matt Weilheimer represented the seller in all three transactions and the purchaser in the Manahawkin transaction. Senior vice president Barry Waisbrod represented the purchaser of Laura's Glen Apartments and vice president Jonathan Greenberg represented the purchaser of Penn Garden Apartments.
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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].
