WOODBURY, NJ—In an unusual transformation and redevelopment, Atrium Health & Senior Living has opened a post-acute care center in Woodbury, NJ on the site of the former Woodbury Country Club.
PLYMOUTH MEETING, PA—New York-based PCCP is helping Philadelphia's Arden Group refinance the DoubleTree Suites Philadelphia West in Plymouth Meeting, PA.
ELIZABETH, NJ—Elberon Development Group and its joint venture partner The Avidan Group, have started on their latest project, a 90,000-square-foot warehouse/distribution facility located at 925 Julia Street within the Elizabeth Logistics Center in Elizabeth, NJ—and the property already has a tenant lined up for half of the building.
34-38 Industrial Way East, Eatontown, NJ
EATONTOWN, NJ—The Donato Group, a real estate development, management and construction firm, is acquiring 34-38 Industrial Way East in Eatontown, where Donato is already headquartered.
HARRISBURG AND HARLEYSVILLE, PA—Broadstone Net Lease has acquired two properties tenanted by Nationwide Mutual Insurance Co. via a sale leaseback transaction for a combined purchase price of $54.6 million.
EAST HANOVER, NJ—Bergman Real Estate Group has sold 100 Eagle Rock Avenue in East Hanover to Zeinvest Real Estate Group in a sale arranged by Cushman & Wakefield's Metropolitan Area Capital Markets Group. The sale price was not disclosed, but Bergman paid about $6.4 million when it bought the property in 2014.
PHILADELPHIA—CBRE has arranged a joint venture between Realen Properties of Berwyn, PA and HRI Properties, a New Orleans developer that specializes in renovating historic sites, to convert the Liberty Title & Trust building at 101 N. Broad St, into a hotel.
DENVILLE, NJ—Stanbery Development has sold The Shoppes at Union Hill, a 92,431 square-foot lifestyle center located at 3056 State Route 10 West in Denville, NJ.
JERSEY CITY, NJ—New York-based real estate investment firm Margules Properties added to its growing Jersey City portfolio by acquiring 2800 John F. Kennedy Blvd., a retail building in the Journal Square neighborhood of Jersey City, for $1.5 million.