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5 Lexington Ave. building sold.

Sheldon Gross Realty recently completed a 55,650 s/f sale at 5 Lexington Avenue in East Brunswick, New Jersey.

The team of Robert Bowman, vice president, and Jonathan Glick, senior vice president, represented the seller, Jipamar LLC. Davis Realtors represented the buyer, 311-79th Street Corporation, in this transaction.

"We are very pleased to have consummated the sale of 5 Lexington Avenue," stated Jonathan Glick. "In 2002, we represented Jipamar LLC in its purchase of the building. The original purchase by Jipmar was part of a 1031 tax free exchange and we assisted them in the sale of one of their other properties as well. It is a pleasure to continue our relationship by representing Jipamar's business objectives once again in the sale."
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Title Annotation:Sheldon Gross Realty completes a sale of Jipamar LLC
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jun 21, 2006
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