RED BANK, NJ—The Kislak Company brokered the $17.75 million sale of a new 45-unit luxury apartment building on the corner of Monmouth and West Streets in downtown Red Bank, NJ.
PHILADELPHIA—Continuing to operate in bankruptcy since 2008, National Wholesale Liquidators is returning to Philadelphia with a new store at the former Kmart location at 9000 Orthodox Street near Castor Avenue and Wyoming Avenue. It's the chain's first store in the city since the bankruptcy filing.
JERSEY CITY, NJ—Debra Tantleff, founding principal of TANTUM Real Estate, is concerned about the economic forces that are combining to raise development costs across New Jersey, in urban infill and suburban redevelopment locations, and she's trying to help local governments cope with that reality in her own development practice. Learn more in our exclusive audio interview.
HACKENSACK, NJ—Alfred Sanzari Enterprises says three tenants at its Court Plaza North, 25 Main Street, Hackensack, NJ, a law firm, a bank, and a title company, have renewed or expanded their leases recently.
TOTOWA, NJ—The Hampshire Companies acquired 700 Union Boulevard in Totowa, NJ, from the P.F. Laboratories subsidiary of Purdue Pharma for approximately $20 million.
PARAMUS, NJ—Jay Kessler, who ran a chain of retail pharmacies and was a vice president in charge of site selection at First Hartford, has joined The Goldstein Group to focus on sales and leasing.
READING AND POTTSTOWN, PA—Medipower Overseas Co., a multinational real estate group, has acquired two grocery-anchored shopping centers from SIN Ventures for $26.55 million.
HANOVER TOWNSHIP, NJ—Bayer Healthcare has acquired another 86 acres of undeveloped land in Hanover from Vision Real Estate Partners and Rubenstein Partners, who developed the pharmaceutical giant's adjacent east coast headquarters at 67 Whippany Road.
