CAMDEN, NJ—NAI Mertz has been awarded an exclusive sale/lease assignment for a 10-acre land parcel along Haddon Avenue in troubled Camden, NJ that comes with attractive New Jersey-funded incentives for buyers and lessees.
PARSIPPANY, NJ—Cornerstone Real Estate Advisers has sold four buildings totaling more than 210,000 square feet of office space to a joint venture between Lincoln Property Company and Red River Asset Management. Value of the deal is estimated at $20 million, CBRE says.
PHILADELPHIA, PA–The Supreme Court of Pennsylvania and outplacement firm Lee Hecht Harrison are new occupants of leased space at APF Properties' 1601 Market Street.
BASKING RIDGE, NJ—Five new tenants have leased space and one company has expanded at The Silverman Group's Offices at Liberty Corner in Basking Ridge. Cushman & Wakefield is exclusive agent for the three-building, 525,000-square-foot class A campus located at 106, 110 and 150 Allen Road.
PRINCETON, NJ—Cushman & Wakefield is the exclusive advisor to an affiliate of ML7 in arranging an $18 million loan secured by 750 College Road East, a class-A office building located in Princeton, NJ.
ROCHELLE PARK, NJ—Case Real Estate Capital says it finalized debt and direct property acquisitions exceeding more than $20 million in the last three months.
EDISON, NJ–HFF has arranged a $15.5 million refinancing for the Business Centre at Edison, a 12-building office park totaling 125,981 square feet in Edison, NJ, and 140 Ethel Road West, a 108,875-square-foot industrial building in Piscataway, NJ.
EAST RUTHERFORD, NJ—New Jersey's office markets remained flat during the third quarter, marking a continued post-recession struggle for the state's 187 million-square-foot corporate space inventory, according to Cushman & Wakefield's third quarter research findings.