BRICK TOWNSHIP, NJ—Multifamily investment demand is a rising tide along the northern reaches of the Jersey Shore, where Gebroe-Hammer Associates recently arranged three separate transactions involving 142 apartment-rental units and a combined sale price of $15.1 million.
PHILADELPHIA—Paige Jaffe, who previously represented Urban Outfitters, Vetri Restaurants and other tenants and landlords, has joined CBRE's retail team as a first vice president in its Center City office.
MATAWAN, NJ—Edison law firm Methfessel & Werbel has acquired 14 Cliffwood Avenue, Matawan, NJ, from real estate development firm Denholtz Associates for $9 million in a 1031 exchange.
TETERBORO AND NORTHVALE, NJ—The Stro Companies has acquired a multi-tenanted, three-building, industrial/flex portfolio in Teterboro and Northvale totaling 95,000 square feet for $7 million.
YORK, PA—A joint venture of Endurance Real Estate Group and American Realty Advisors has sold 325 S. Salem Church Road, a 785,400 square foot class A bulk distribution facility in York, PA to an undisclosed buyer for $60 million, or $76.39 per square foot.
HOBOKEN, NJ—NorthMarq Capital arranged the $81.9 million refinancing of four affordable housing properties in Hoboken, NJ. The properties include a combined 448 units and are managed by Applied Housing Management.
FLORHAM PARK, NJ—Summit Medical Group and the University of Texas MD Anderson Cancer Center will build a state-of-the-art cancer treatment facility at The Green at Florham Park. The Rockefeller Group will develop the 130,000-square-foot facility.
PENNSDALE, PA—With the successful closing of the Lycoming Mall sale, Los Angeles-based Matthews Retail Advisors is helping PREIT conclude its fire sale of 13 poorly performing properties.
FORT LEE, NJ—Bridge Marketing, an email marketing firm, will be sending its clients' messages from a new home in 18,686 square feet of class A office space at the Southpole building at 222 Bridge Plaza South in Fort Lee, NJ. Bridge will occupy the entire third floor of the building.
EDISON, NJ—Seagis Property Group is starting construction of Seagis Gateway 10, a speculative 923,000 square-foot distribution facility at 2170 Lincoln Highway, in Edison, NJ. It's the largest spec industrial under construction in this part of the state.
