Bayonne Military Ocean Terminal Development

Press

JANUARY 30, 2022

By Shaun Copeland, The Medialogy Group

250 Unit Joint Venture at Bayonne's Military Ocean Terminal Development

Midtown Commercial Realty is pleased to announce a joint venture to develop 250 units in Bayonne, NJ. The property, a part of the Military Ocean Terminal Redevelopment, is anticipated to be a 10 story Class A Multifamily Project.

Midtown Principals Carlo Caparruva and Cheryl Darmanin along with Angelique Freudberg and Salvatore Carrano of Remax Select Realty, represented the seller Shiva Flagship LLC. Midtown Director Eric Heller represented The Ramani Group, the purchaser in the transaction.

"Our client was looking to either sell or joint venture a specific section of the project" said Darmanin, "Eric Heller did a great job of bringing in a partner who understood the size and scope of the development and was willing to be a part of a JV structure."

Midtown is a vertically integrated commercial real estate firm with offices in New Jersey, New York, Raleigh, Florida, Oklahoma and Southern California. You can learn more about Midtown at midtowncre.com.