PARSIPPANY, NJ–Tulfra Real Estate and the Hampshire Cos. have sold 2 Cranberry Road, a 181,000-square-foot industrial building in Parsippany, NJ, for $17.5 million.
GLENOLDEN, PA—MCB Real Estate and Alex Brown Realty have sold 140 N. MacDade Boulevard in Glenolden, PA, a 108,587-square-foot grocery-anchored shopping center, to Wharton Realty Group.
The North Jersey "Gold Coast" multifamily market has reached an inflection point, and developers should be thinking about positioning projects as condos again, rather than rental properties, says the head of Cushman & Wakefield's capital markets group in an exclusive GlobeSt.com interview.
FLORHAM PARK, NJ—Colliers International Group will handle leasing of Florham Park Corporate Center, a 230,000-square-foot, two-building, class A office property in Florham Park, for the building's ownership, a joint venture of Bergman Real Estate Group and Rialto Capital.
HACKENSACK, NJ—A merger between law firms Pashman Stein of Hackensack and Roseland-based Walder Hayden prompted the need for additional office space at Court Plaza South, 21 Main Street in Hackensack.
SOUTH HACKENSACK, NJ—Main Event-Mauzone Caterers has acquired a 21,500-square-foot industrial building at 60 Romanelli Avenue in South Hackensack, NJ. The catering company is relocating from Englewood, NJ, with plans to use the space for a commercial kitchen.
RAHWAY, NJ—Meridia at Waters Edge, a newly constructed 108-unit luxury apartment-rental community in the heart of Rahway, NJ, has traded hands for $29.328 million.
ATLANTIC CITY, NJ—Casinos continue to play musical chairs in Atlantic City, with MGM Resorts International and MGM Growth Properties acquiring Boyd Gaming Corporation's 50 percent interest in Borgata Hotel Casino & Spa in Atlantic City, NJ for $900 million.
ISELIN, NJ—Mack-Cali Realty Corporation completed the previously announced $82.3 million acquisition of Metro 101, located at 101 Wood Avenue South in Iselin.
