WYCKOFF, NJ—The project received unanimous approval from the Wyckoff's Planning Board in 2013 but on-going litigation by Stop & Shop has stalled construction and breaking ground. Stop & Shop's appeals of the approvals by the Bergen County Planning Board are still pending.
PHILADELPHIA—Holliday Fenoglio Fowler arranged financing and joint venture equity totaling $19.2 million for the transactions, and closed the $11.65 million sale of one of the properties.
PATERSON, NJ—The property, with a 15-year gross lease in place with a single tenant, the New York Medical College, is located within the St. Joseph's Hospital Zone Redevelopment Area on the Southside of Paterson.
EASTON, PA—Construction on 33 Logistics Park 1611 will begin in September, with delivery scheduled for June 2017. In addition to 36' clear height, the building will feature 64 dock doors, two drive-in doors, and parking for 110 trailers and 350 automobiles.
NEW BRUNSWICK, NJ—Hughes, who began his academic career at Rutgers as a member of the faculty in 1971, is a nationally recognized expert on demographics, housing, and regional economics.
PHILADELPHIA—Berkadia says Stefanski's hiring sets the stage for increased production activity on both a regional and national level as Berkadia seeks to grow its reach.