VINELAND, NJ—Plastic Express, which provides custom‐tailored and logistical solutions for customers serving the bulk trucking, bulk terminal, packaging and warehousing needs of the plastic industry, has acquired 301 North 4th Street in Vineland, NJ.
PHILADELPHIA—CBRE has named Robert Walters, executive managing director for the Greater Pennsylvania Region, to receive the firm's Chairman's Excellence Award.
WEEHAWKEN, NJ—Lennar has completed construction of luxury condominiums at its 1200 Avenue at Port Imperial Development, and nearly all 40 of the units released for sale have been sold.
AVENEL, NJ— IPT Acquisitions, an industrial real estate investment trust that owns and operates distribution warehouses throughout the United States, has purchased 2323 Randolph Avenue in Avenel, NJ, a multi-tenanted industrial asset, from Bailey Industries, for $6.7 million.
MONROE TOWNSHIP, NJ—Matrix Development Group has leased space in two New Jersey industrials totaling more than 1.25 million square feet, including one in far South Jersey, a substantial distance from the traditional industrial submarkets associated with shipments into the New York metropolitan area.
PHILADELPHIA—Greystone, a real estate lending, investment and advisory company, named former Investors Bank vice president Lou Tiberio a director in its Philadelphia office.
HARDING, NJ—Patrick J. Luzzi of Randolph has joined Kimmerle Group, a multifaceted architectural and interior design company offering a range of real estate planning and development services – as managing director.
MORRISTOWN, NJ—Data center and telecommunications expert James Cali, a veteran of more than 25 years in the industry has joined Avison Young as a principal. Cali was most recently a senior vice president at Cushman & Wakefield.
Matrix is currently among the most active industrial developers in the Pennsylvania and New Jersey marketplace, and the addition of United Business Park to Matrix's growing Pennsylvania portfolio allows the firm to offer various leasing and/or build-to-suit options.
ELIZABETH, NJ—Metrofuser, a re-manufacturer and marketer of printers, parts and training has leased 25,134 square feet of industrial space at 475 Division Street in Elizabeth, NJ, where it will relocate from its present facility in Roselle Park, NJ.
