The Woodmere Country Club
Cushman & Wakefield’s Metropolitan Area Capital Markets Group, based in East Rutherford, N.J., orchestrated the recapitalization deal. Cushman & Wakefield’s Andrew Merin headed the assignment with David Bernhaut, Gary Gabriel, Brian Whitmer and Ryan Dowd.
Weiss Properties and 2020 Acquisitions purchased the 110-acre Woodmere Club, which sits on the south shore of Long Island in the Nassau County hamlet of Woodmere. Located at 99 Meadow Drive, the club features an original 1908 colonial clubhouse, 18 award-winning holes of golf, six hard-tru tennis courts, an elevated swimming pool complex complete with sweeping golf course and bay views, a newly renovated fitness center, and a variety of dining options.
“The Woodmere Club for several years, like many golf clubs across the country, has experienced a shrinking membership,” noted John Wiener, club president. “This sale is our solution to sustain the club in its current form without sacrificing service and amenities through 2022. The purchasers are investing millions of dollars to upgrade the facility and the golf course, and they have brought in Troon, the country’s leading golf management organizations, to operate the club.”
FAIRFIELD, NJ—NAI James E. Hanson has brokered the sale of a 23,200-square-foot industrial building at 8 Kulick Road here. The property was purchased for an undisclosed price by an affiliate of Saddleback Realty II, LLC, a New Jersey based commercial real estate development and management company, as an investment property.
8 Kulick Road
Currently occupied by Solbern, a manufacturer of food processing equipment, the space provides the new owner with an ideal value-add investment opportunity in a highly desirable location. NAI Hanson’s Scott Perkins, SIOR, and Chris Todd represented the seller, Kulick Eisenberg, L.P., and Garden State Realty represented the buyer, 8 Kulick Road, LLC, in the transaction.
NORTHVALE, NJ—The Hampshire Companies has sold 140 Legrand Ave., an 82,524-square-foot industrial/flex building here to Trasco Realty, LLC. The multi-tenant building is currently partially leased by Abon Pharmaceuticals. Trasco will occupy the remaining available space.
The free-standing industrial/flex building boasts 72,524 square feet of industrial space with 10,000 square feet of office space on 5.07 acres. Andrew Somple, SIOR, and Michael Walters, SIOR, of NAI James E. Hanson represented The Hampshire Companies in the transaction.
MONEY MOVES
LANCASTER, PA—Eastern Union Funding has arranged approximately $14.2 million in acquisition financing for Hawthorne Gardens Associates LLC’s purchase of Hawthorne Gardens located at 99 Dickens Drive in Lancaster, PA.
