WAYNE AND KING OF PRUSSIA, PA, AND FLORHAM PARK, NJ—Seven KBS properties, two in the Philadelphia area and five in Florham Park, NJ, in have achieved Wired Certifications from WiredScore, which created the international standard that distinguishes best-in-class Internet connectivity in office buildings.
FLORENCE AND CARTERET, NJ—Amazon.com is expanding its network of distribution centers in New Jersey witn new sites in Florence and Carteret. The two new fulfillment centers will bring more than 2,000 full-time jobs to the Garden State, the online retailer says.
SECAUCUS, NJ—Gregory Belew, a 20-year industry veteran, has joined Alliance Residential Company as part of the company's continued expansion of its multifamily development efforts in the Northeast.
PHILADELPHIA—Pennrose Properties will invest nearly a quarter of a million dollars to create three Pennrose Academy Regional Training Centers in Philadelphia, nearby Mt. Holly, NJ, and in Baltimore, MD, to support training for the organization's property management and development employees, and to provide a location for Pennrose Academy programming for Pennrose residents.
MORRISTOWN, NJ—National Business Parks purchased 10 Madison Avenue, an 87,000-square-foot, class A asset, from Morristown Holdings, a New Jersey company managed by WhiteStar Advisors, for $20 million.
DREXEL HILL, PA—A partnership of The Hampshire Companies and MCB Real Estate has acquired the Drexeline Shopping Center in the Philadelphia suburb of Drexel Hill, PA.
EDISON, NJ—In one of the largest commercial transactions in Hoboken, Mack-Cali Realty Corp. is acquiring 111 River St. for $235 million, using proceeds from some of its $300 million in asset sales so far this year.
MORRISTOWN, NJ—Veteran office leasing professional Kenneth Porreca, formerly a managing director at Newmark Grubb Knight Frank, has joined Avison Young's New Jersey office as a principal.
PHILADELPHIA—Convenience store chain Wawa is opening its largest non-fuel store to date, a 7,000 square-foot location at 1900 Market Street in Center City Philadelphia, and like an earlier location on Broad Street, it will include will include 25 “bar” seats for patron seating, not found in other Wawa locations.
EATONTOWN, NJ—Redevelopment activity at the decommissioned Fort Monmouth military base straddling Eatontown, Oceanport, and Tinton Falls in New Jersey's Monmouth County is picking up in pace, according to Cushman & Wakefield.