Rezul News/10358158

LAKEWOOD, N.J. - Feb. 8, 2018 - Rezul -- All good things must come to an end, but every ending is also a new beginning… especially for the Macedonia Baptist Church property in Lakewood, NJ. Harvey Karen, President and CEO of Karen Realty Group, in conjunction with Tina Orth from Crossroads Realty, recently orchestrated the sale of a complex deal that sold the Macedonia Baptist Church, located at 143 John Street in Lakewood, NJ, to Cedar Holdings, LLC.

"Cedar Holdings would like to repurpose the property to be used as a coworking space," said Harvey Karen of Karen Realty Group. "However, a title issue resulted during the transaction as a portion of the land was donated to the Macedonia Baptist Church from the Bricksburg Land and Development Company. There was a clause in the deed from 1906 that stated if the building's use ever changed from that of a church, the land would have to be reverted back to Bricksburg Land and Development Company."

The issue was eventually remedied after Karen reached out to Raef Lawson from The Lakewood Country Club (successor to the Bricksburg Land and Development Company), who gave the church a release that allowed the transaction to move forward. Karen, because of his local knowledge, knew that the Lakewood Country Club had been successor in title to the Bricksburg Land and Development Company and was able to work with Raef Lawson to rectify the reverter clause.

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"We're glad to have been able to work with Karen Realty Group to support our community with our substantial donation to the Macedonia Baptist Church," Lawson added.

About Karen Realty

With over 45 years in the commercial real estate business, Karen Realty Group has used its industry knowledge and experience to build reputations with leading retailers, banks and builders throughout New Jersey. To learn more, call Harvey N. Karen, President and Broker of Record for Karen Realty Group at 732-280-9696 or visit http://www.KarenRealtyGroup.com.

About Lakewood Country Club

Lakewood Country Club has been an important and vital part of the Lakewood community since it was first established in the 1890s. Once frequented by New York's rich and famous, its historic championship golf course continues to challenge golfers today while its various drinking and dining venues serve as local gathering places. To learn more, visit http://www.thelakewoodcountryclub.com.