The biggest deal was the $11.9 million sale of Crescent Gardensand Gramercy Park Apartments. Waisbrod tells GlobeSt.com that thebuyer was Plainfield-based Connelly Properties. Crescent Gardens isa 240-unit complex located at 1622 Independence Rd., and GramercyPark is a 104-unit complex located at 2880 Hull Rd. The seller,Waisbrod tells GlobeSt.com, was Kushner Properties, which wasrepresented by Kislak president and co-managing director JeffreyWiener.

"The sale of Gramercy Park Apartments and Crescent Gardens wasespecially noteworthy for our firm as it represented the sale ofKushner Properties' final New Jersey Property, part of their$2-billion portfolio," says Waisbrod in a company statement.

The mixed-use office/warehouse property at 2600 Mount EphraimAve. sold for $6.3 million to Camden-based Paramount PropertiesGroup, Waisbrod tells GlobeSt.com. The fully leased property housesa 24,000-sf warehouse and 91,000 sf of office space designed toresemble a retail center. Several federal, state, county and localoffices are located there, including the Army/Navy recruitmentcenter, the New Jersey department of labor and the Camden DMV. A2,500-sf pad site is under construction for a Popeye's Chicken.Waisbrod tells GlobeSt.com that 2600 ME Holdings of Camden was theseller. Waisbrod represented both the buyer and the seller in thetransaction.

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