WOODBRIDGE, NJ-The Kislak Co. Inc. posted strong fourth quarter 2010 sales with 21 closed transactions throughout New Jersey, Pennsylvania and New York valued at more than $70 million. “The investment real estate market continues to strengthen and demand is increasing from both buyers and sellers," says Jeffrey Wiener, president and co-managing director of the locally based firm.

New Jersey transactions included the $13.5-million sale of a 376-unit apartment complex in Lindenwold; the $5.8-million 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; $3.4-million sale of a 43-unit apartment property in Union City; the $1.6-million sale of a 22-unit apartment property in West New York; and the sale of a landmark mixed-use property and separate retail property with a total of 10,000 square feet in downtown Nutley, also for $1.6 million.

Pennsylvania transactions of note include the $15.7-million sale of a three-property, 455-unit apartment portfolio in Pittsburgh; the $12.4-million sale of a five-property, 288-unit apartment portfolio with two parcels of land in Lansdowne and Yeadon; and the $5.2-million sale of a 102-unit apartment property in Pittsburgh. New York transactions were capped off by the $5.1-million sale of a 70-unit apartment property in Poughkeepsie.