The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently arranged the sale of 1.56 acres of adjacent properties at 41-53 Lincoln Avenue, Orange. The team of Jason M. Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, Michael F. Schipper, SIOR, and Peter J. Murano, Jr., SIOR represented the seller and the buyer, Russo Acquisitions LLC.
The land is earmarked for a massive development project, as detailed by Michael Schipper, Senior Executive Director with The Blau & Berg Company. “The closing of these two properties marks the completion of an assemblage which began half a decade ago. The sites will become part of a 410 unit transit-oriented luxury apartment complex complete with public green spaces, pedestrian walkways, and seven-hundred, fifty parking spaces at the entry of Orange Train Station, with mid-town direct service to Manhattan,” says Schipper. “The patience of our clients and the tenacity of the development team were paramount in the completion of these transactions. We look forward to what Russo Development and Dinallo Construction will deliver in the coming year.”