The all-cash transaction was arranged by Vito DeGennaro, salesdirector for the real estate firm Gerber/Somma of Hackensack. Legaldetails were handled for the acquisition group by attorney AlbertBuzzetti of Englewood Cliffs and for the seller by local attorneyMarvin Beaman.
The four-building, two-story complex sits on a four-acre site at160 Ocean Ave. The site is adjacent to Pier Village, a majorredevelopment in this oceanfront city that will include acombination of retail, restaurant, entertainment and otheruses.
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