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SALES CBRE announced the sale of a religious facility located at 108 Washington Place in Passaic, NJ. The former Presbyterian church was acquired by the Church of God Prophecy for $750,000. Charles Berger and Samuel Bernhaut and Nicole Nannola of CBRE’s Retail Services, represented the seller, Trustees First Presbyterian Society of Passaic, and procured the buyer, another religious institution that will continue to cater to the neighborhood. Built in 1927 to serve the Jewish congregation B’nai Benjamin, 108 Washington Place is a 12,790 s/f, two-story house of worship that can accommodate up to 400 people in the main sanctuary and balcony. The lower level contains additional meeting rooms, offices and a full industrial kitchen. The property is near multiple bus lines and is two blocks away from Main Avenue, Passaic’s main commercial thoroughfare. ....
Reporting to him will be Keri Pratt, newly-appointed to the role of general manager defined benefits assets and liabilities; Sarah Gallard, senior manager responsible investment; and Jonathan Chung, senior manager portfolio risk and general manager defined contribution investments. John Livanas, State Super chief executive, said: “During his time with State Super, Charles has made a significant contribution to our investment performance in an extremely challenging environment, resulting in State Super s growth and balanced funds consistently being in the top quartile on a risk adjusted basis. “Charles’ approach to risk management has allowed State Super to successfully navigate the impact of the COVID-19 pandemic on capital markets. ....
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