Kislak Reports Strong 4th Quarter 2010 Sales

Jan. 6, 2011 - PRLog -- WOODBRIDGE, NJ -- The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region, announced strong fourth quarter 2010 sales with 21 closed transactions throughout New Jersey, Pennsylvania and New York valued at more than $70,000,000.

"It was an outstanding quarter for The Kislak Company," said Jeffrey Wiener, president and co-managing director. "The investment real estate market continues to strengthen and demand is increasing from both buyers and sellers."

"Our late 2010 results reflect the value-added expertise we are providing our clients," said Robert Holland, senior vice president and co-managing director. "Our sales team is the best in the business and we consistently provide the most effective real estate solutions for our clients' varied investment needs. Multifamily properties are our mainstay and this quarter alone we sold more than 1,500 units."

New Jersey transactions include:

The $13,500,000 sale of a 376-unit apartment complex in Lindenwold. Vice president Matt Weilheimer represented the seller and purchaser.

The $5,817,500 sale of a five-property multifamily, office and mixed-use portfolio in Westwood that includes 20 apartments and 12,630 square feet of office space. Weilheimer represented the seller and vice presidents Don Baxter and Robert Squires together represented the purchaser.

The $3,350,000 sale of a 43-unit apartment property in Union City. Squires represented the seller and purchaser.

The $1,550,000 sale of a 22-unit apartment property in West New York. Vice presidents Don Baxter and Jonathan Greenberg together represented the seller and purchaser.

The $1,550,000 sale of a landmark mixed-use property and separate retail property with a total of 10,000 square feet in downtown Nutley. Sales associate Ted Brown represented the sellers. Greenberg and Squires each represented separate purchasers.

The $900,000 sale of a 16-unit apartment property in Guttenberg. Senior vice president Joni Sweetwood represented the seller, and Baxter and Greenberg together represented the purchaser.

The $900,000 sale of a 15-unit apartment property in Paterson. Baxter and Greenberg together represented the seller and purchaser.

Pennsylvania transactions include:

The $15,700,000 sale of a three-property, 455-unit apartment portfolio in Pittsburgh. Holland represented the seller and purchasers.

The $12,400,000 sale of a five-property, 288-unit apartment portfolio with two parcels of land in Lansdowne and Yeadon. Weilheimer represented the seller and Holland represented the purchaser.

The $5,200,000 sale of a 102-unit apartment property in Pittsburgh. Wiener represented the seller and vice president Jacob Friedman represented the purchaser.

In New York, vice president Janet Bortz represented the seller and purchaser in the $5,100,000 sale of a 70-unit apartment property in Poughkeepsie.

The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is recognized as the dominant investment sales company serving the multifamily and retail markets. Established in 1906, Kislak's market leadership position and longevity is due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak's prestigious client base includes individual investors and owners, partnerships, financial institutions REITs. The firm's 25 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.

Now in its 104th year, Kislak was among a select group of firms recognized as a 2009 Power Broker by CoStar Group, Inc. for multifamily sales transactions throughout the northern New Jersey market.

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Established in 1906, The Kislak Comapny, Inc. is the dominant investment sales company serving the multifamily and retail markets throughout New Jersey, eastern Pennsylvania, southern New York and Delaware.