Weiss Realty purchases 136,376 s/f office space.Jaime Weiss, president of Weiss Realty, has announced that a joint venture of Bergman Real Estate Group of Woodbridge, New Jersey, and Edison Investment Advisors has acquired Hartz Mountain Industries' five-story, 136,376 s/f office building at 333 Meadowlands Parkway located in Secaucus, for $ 14.25 million. The building, located within Hartz's Harmon Cove mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. in the Meadowlands, sits on 6.83 acres is currently 75 percent leased. Tenants of the building include Control, Inc, The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , International Paper and St Jude Medical SC. "The capital reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. for this building and its strategic location in the Meadowlands attracted Bergman Real Estate Group to this Class A investment office property," said Weiss. Weiss initiated the transaction with Hartz Mountain. Jeffrey R. Dunne and Jeffrey J. Oram of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. represented Hartz Mountain Industries Hartz Mountain Industries (HMI) is a private family owned and operated company known for its vast real estate holdings in the New York/New Jersey Metropolitan Area. Its former parent Hartz Mountain Corporation (of pet products fame), was founded by German-American businessman Max , Inc. Michael DiFede, director of acquisitions for Bergman Real Estate, represented the Bergman/Edison partnership. |
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