CHATHAM, NJ—The Garibaldi Group brokerage team of Peter Blanchard and Lee Barnes leased 28,667 square feet of office space in March, in three different transactions stretching from Morristown, NJ to Bethlehem, PA.
CAMP HILL, PA—Samantha Maggio has joined Lee & Associates of Eastern Pennsylvania as an associate. Maggio will work directly with the principals of the firm on key accounts, with responsibilities spanning landlord agency, tenant representation and site selection assignments.
NEWARK, NJ—Matrix Development Group has completed three lease transactions totaling more than 50,000 square feet at One Riverfront Plaza, a class A office tower also known as the Legal Center in Newark, NJ. The building is now 90 percent leased, with available spaces ranging in size from 1,000 to 14,000 square feet.
MORRISTOWN, NJ—Industry veteran Mikki Columbus, the former director of real estate and economic development for the Greater Jamaica Development Corporation (Queens, NY), has joined The Rockefeller Group as senior manager of development and financial analysis.
EDISON, NJ—Mack-Cali Realty Corporation executed 82 leases totaling 1.1 million square feet for its office and flex commercial real estate properties during the quarter ended March 31, 2106, 45 percent more space than the 758,919 square feet it leased for the same period last year.
MARLTON, NJ—Southern New Jersey commercial real estate growth is slowing down, but continuing healthy activity levels among local bellwether industries, the ongoing decline in office vacancy rates, and signs of gradual business expansion provide cause for optimism, according to Marlton-based brokerage WCRE. The South Jersey market is closely tied to the fortunes of the nearby Philadelphia market, into which WCRE recently launched an expansion of its coverage..
KEARNY, NJ—Hugo Neu has signed four new leases at Kearny Point, a business growth district that is creating a home for tech startups, food manufacturers, media production, design and architecture, artists, small businesses, and entrepreneurs. The 130-acre, 1.5-1.75 million square-foot campus has closed numerous smaller lease transactions under its specialized pre-built and build-to-suit program.
HASBROUCK HEIGHTS, NJ—Steven Matovski, a director with Redwood Realty Advisors, racked up four apartment sales during March with a combined purchased price of nearly $10 million. All of the assets were located in high-demand New Jersey markets, including Bayonne, Jersey City and Hasbrouck Heights.
PHILADELPHIA—Cleveland-based Amsdell Companies, which owns Compass Self-Storage, has acquired Devon Self Storage, a 104,580-net-rentable-square-foot facility located near downtown Philadelphia, for $11 million, or approximately $105 per rentable square foot.
HASBROUCK HEIGHTS, NJ—Building products manufacturer Kemper System America is relocating its New York metro sales office to the top floor of Heights Plaza in Hasbrouck Heights, NJ from Closter, NJ.