FRANKLIN TWP., NJ-Harbor Group has acquired two one-story office buildings here for $12.4 million. Located at 110 and 120 Belmont Ave., the complex totals 112,000 sf Recently renovated, the two buildings are currently fully leased on a long-term basis by Federal Express, Royal Blue Financial, American Fibertek and Kali Laboratories.

Zimmel Associates of Edison, NJ brokered the sale. Seller Belmont Drive Associates was represented by principal, Jim Petrucci, and buyer was represented by principals Teddy and Jack Braha.

Fox and Foxx Development acquired a 9,000-sf office building at 910 Amboy Ave. in Edison, from Waltuma Inc. in a transaction valued at $1.5 million. The buyer will use the building as corporate offices and plans to expand the asset to include residential condominium units and retail stores. Zimmel also arranged the sale

For more than $1.8 million, 33 Randolph LLC purchased the 25,000-sf building at 33 Randolph Ave. in Avenel, NJ, from Nassau Development, The seller ws represented by principal Eric Berger, while the new owner, a distributor of electronic equipment, was represented by Lee & Klatskin Associates. The building sits on 1.65 acres. David Zimmel, the firm’s president, was responsible for all three transactions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.