LEVITTOWN, PA—Bussel Realty Corp. has signed plastic manufacturer Poly Cube Company to a lease for 100,000 square feet of industrial space at 30 Runway Drive in Levittown, PA.
PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust and The Macerich Company will hold a grand opening Tuesday, October 28, of The Gallery's new anchor tenant, Century 21 Department Store, in approximately 95,000 square feet on the corner of 8th and Market Streets in Philadelphia.
UNION TOWNSHIP, PA—Real estate investment manager Clarion Partners and MRP Industrial, the industrial real estate affiliate of MRP Realty, have acquired the former I-81/I-78 Logistics Park, a planned 129-acre, two-building, 1,502,000 square foot class A industrial center in Union Township, Lebanon County, PA.
PARSIPPANY, NJ—The New Jersey office market has been strengthening, helped by state tax incentives and strong demand for available space, according to new research from Colliers International. Meanwhile, Colliers says the Northern and Central New Jersey industrial markets continued positive movement in the third quarter of 2014. Hear more from John Obeid, Colliers research director, in an exclusive audio interview.
BETHLEHEM, PA—Philadelphia-based Wallace Roberts & Todd, an integrated design firm of architects, landscape architects and planners, received the 35th annual ULI Global Awards for Excellence for its design of the SteelStacks Arts and Cultural Campus in Bethlehem, PA.
PARSIPPANY, NJ–One Liberty Properties, Inc. has sold 45 Waterview Boulevard, a 106,680-square-foot office property in Parsippany, NJ, to an offshore buyer for approximately $40 million.
In deal-tracker news this week, C&K Properties has signed Parsons Transportation Group, Inc. to a long term lease for 12,300 square feet at 2 Gateway Center. Mark Scott of Commercial Mortgage Capital, a real estate finance firm that arranges permanent, construction and mezzanine loans for a wide range of commercial properties, has joined the U.S. Realty Capital team, as its New Jersey member.
WATCHUNG, NJ—Tuesday Morning, a leading off-price retailer of upscale home accessories, housewares, seasonal goods and gifts, has leased 11,000 square feet of space at the 419,000 square-foot Blue Star Shopping Center in Watchung, NJ.
COLLEGEVILLE, PA—Madison Apartment Group, the multifamily operating arm of Equus Capital Partners, has broken ground for Madison Providence, a 240-unit class A property within one half mile of the intersection of Routes 422 and 29.
