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Camber Real Estate Partners and Advance Realty Acquire 19 Chapin Road

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19 Chapin Road Exterior Credits: Courtesy of Camber Real Estate Partners and Advance Realty
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19 Chapin Road Aerial Credits: Courtesy of Camber Real Estate Partners and Advance Realty
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MONTVILLE, NJ – A joint venture partnership between Camber Real Estate Partners and Advance Realty announced Nov. 14 that it has acquired a four-building, 529,110-square foot light industrial facility located at 19 Chapin Road in Pine Brook.

The facility is currently 60 percent leased to a mix of tenants including credit-rated national electronics and e-commerce corporations such as Samsung Electronics and Pitney Bowes, as well as regional, national and international firms such as Trane and Doosan Machine Tools. Camber and Advance plan to convert some portions of the property from offices into light industrial use, allowing it to capitalize on the robust demand for industrial space driven by northern New Jersey’s access to nearby ports and densely populated communities throughout the region.

“The property is one of the premier light industrial assets in northern New Jersey and is situated in a location that is desirable to both global and national companies and regionally headquartered users,” stated Dave C. Surti, Principal of Camber Real Estate Partners.

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Constructed in 2001, 19 Chapin Road is situated on 129.4 landscaped acres and features 22-foot ceilings within the warehouse space. A variety of potential office configurations make it suitable for an array of manufacturing, distribution, office and research laboratory uses.

“The property’s proximity to executive housing, as well as its access to an abundant and well-educated labor force enhances its profile as a desirable industrial asset in northern New Jersey,” said Alexander Cocoziello, Principal and Vice President of Advance Realty. “We are pleased to continue our partnership with Camber Real Estate Partners on this best-in-class industrial opportunity.”

The partnership plans to reposition the asset and hold it as a long-term investment.

“This property offers our partnership another rare opportunity to acquire an institutional-quality asset in the supply-constrained northern New Jersey market,” stated Christopher M. Bellapianta, Managing Principal of Camber Real Estate Partners. “The property has a strong mix of tenants, and we look forward to adding new companies to its roster as we complete the repositioning and ensure its long-term success.”

The project was marketed for sale by the New Jersey Investment Sales team of Holliday Fenoglio Fowler, L.P. The team was led by Jose Cruz, Senior Managing Director and Co-Head of New Jersey and included Kevin O’Hearn, Michael Oliver, Stephen Simonelli, Marc Duval and J.B. Bruno.

Greg Nalbandian, Senior Managing Director of Holliday Fenoglio Fowler’s Equity, Debt and Structured Finance Group arranged mortgage financing with a team including Timothy Mason. The financing was provided by Natixis who originated a $40.0 million floating-rate loan concurrent with the acquisition.

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Montville

Upcoming Events

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Mon, April 23, 3:30 PM

Montville Township Public Library, Montville

Paper Airplane Challenge

Education

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Mon, April 23, 7:00 PM

Senior House, Montville

Montville Republican Club Monthly Meeting

Government

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Tue, April 24, 7:30 PM

Montville Township High School, Montville

Board of Ed @HIGH SCHOOL

Education

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Tue, April 24, 8:00 PM

Montville Township Municipal Building, Montville

Montville Township Committee Meeting

Government

Calling For The Resignation of Councilwoman June Witty

April 12, 2018

Dear Editor,

This week, Montville Township Republican Committeewoman, June Witty, posted a chart depicting a swastika that compared Democrats to Nazis on her personal Facebook page. This post by Committeewoman Witty was not only insensitive to township residents registered as Democrats but, more importantly, this post is rooted in hate and vitriol toward the Jewish Community. Anti-Semitism is ...

Touch-A-Truck Event to be Sponsored by Montville Twp Police

April 23, 2018

MONTVILLE, NJ – The Montville Township Police Department presents “Touch-a-Truck,” an interactive, hands-on event at which children and their families can see emergency and construction vehicles close up. The event will be held at Montville Township High School on Sunday, May 6, from 11 a.m. to 2 p.m.

Touch-a-Truck creates a learning experience for kids, allowing them to ...

Short Evacuation Occurs at MTHS

April 17, 2018

MONTVILLE, NJ – A short evacuation occurred at Montville Township High School on April 17.

After the regular 2:10 p.m. dismissal, a fire alarm sounded but an announcement was made naming it a false alarm, according to a student who was in the building for an extracurricular activity.

The alarm again went off at 2:18 p.m. and the student said an announcement was made that the building ...

Police Officer Offers Cyber Safety Tips

April 21, 2018

POMPTON PLAINS, NJ – Sergeant Tom Rich of the Summit Police Department spoke before a room packed with parents wanting to hear about technology’s effect on their children and his seminar entitled “Media & Cyber Safety: Protecting Children and Teens” on April 12.

The 20-year police veteran discussed his passion for working with and helping children. He said that in a ...

Newton Student Collects Stuffed Animals for Sick Children

April 22, 2018

NEWTON, NJ – A young Merriam Avenue School student is collecting new stuffed animals for the children and families staying at the Ronald McDonald House.  Haeleigh Lestz asked her third grade teacher Nik Lasso if she could do a project in class.

Lestz told Lasso she wanted to collect the soft toys because she “felt it was important that the children and their siblings had ...

Touch-A-Truck Event to be Sponsored by Montville Twp Police

April 23, 2018

MONTVILLE, NJ – The Montville Township Police Department presents “Touch-a-Truck,” an interactive, hands-on event at which children and their families can see emergency and construction vehicles close up. The event will be held at Montville Township High School on Sunday, May 6, from 11 a.m. to 2 p.m.

Touch-a-Truck creates a learning experience for kids, allowing them to ...

Columns

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 Open Houses for this weekend:

Saturday, April 21 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 22 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
172 Pine Brook Road, Montville
10 ...

Century 21 Open Houses this Weekend

MONTVILLE, NJ - Following are Century 21 open houses for this weekend:

Saturday, April 14 from 1 - 4 p.m.

1.  Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 15 from 1 - 4 p.m.

1.  42 Horseneck Road, Montville

2.  Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two ...

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 The Crossing open houses this weekend:

Saturday, April 7 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 8 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
42 Horseneck Road, ...

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 The Crossing open houses this weekend:

Saturday, March 31 from 1 - 4 p.m.  

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
1 Kirsten Court, Towaco
42 Horseneck Road, Montville

Saturday, March 31 from 1 - 3 p.m.

12 Pond View, Montville

'The Sting' shimmers and shakes at Paper Mill

‘The Sting ‘slithers and shakes at Paper Mill Playhouse

By LIZ KEILL

MILLBURN, NJ – In a premiere production of “The Sting,” Harry Connick Jr. commands the Paper Mill Playhouse stage in Millburn.

Based on the sensational Paul Newman/Robert Redford film in 1973, the 1930s plot centers on a con game and gambling, sometimes on a train between New York and ...

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