MIDLAND PARK, NJ—Connecticut-based Urstadt Biddle Properties Inc. has acquired four shopping centers totaling approximately 375,000 square feet in the affluent New Jersey counties of Bergen, Passaic and Morris. The seller of all four properties is a prominent New Jersey commercial real estate owner and developer.

BOOTHWYN, PA— Neltson Edison LP has acquired 5 Chelsea Parkway, a 53,733 square foot property on 10.5 acres in Boothwyn, PA. KarMar Realty Group, Inc. represented the buyer. Jim McCahon of Jones Lang LaSalle represented the seller, PX Properties LC.

Property sales in Passaic, NJ and Chadds Ford, PA, leases signed in Avenel and Teaneck, NJ, and Mack-Cali rewards shareholders with a dividend, all in this week's deal-tracker roundup.

LANCASTER, PA—Eatontown, NJ-based Wharton Realty Group has acquired Manor Shopping Center, 1204 Millersville Pike, Lancaster, PA, from The Real Estate Equity Company (“TREECO”), Englewood, NJ, for $34.99 million. Brad Nathanson, executive vice president with CBRE's Capital Markets Retail team, led the transaction for TREECO.

LITTLE FALLS, NJ— The American Society of Mechanical Engineers has signed a long-term, 32,500-square-foot lease at Overlook Corporate Center, a class-A office building at 150 Clove Road in Little Falls, NJ. Colliers International arranged the lease for ASME.

MADISON, NJ–Realogy Holdings Corp. appointed former SuperValu CFO Sherry M. Smith to its Board of Directors and named her a member of its Audit Committee.

JERSEY CITY, NJ—Onyx Equities, LLC and Rubenstein Partners, L.P. have unveiled specifics of a $20 million redevelopment project at 30 Montgomery Street in Jersey City, NJ, a 15-story, 320,000-square-foot office building they purchased earlier this year.

NEWARK, NJ—Rugby Realty Co., Inc. has acquired Three Gateway Center in Newark, NJ, from Tahl Propp Equities. Financial terms were not disclosed.